Call Federal Credit Union Mortgage Rates, Fees & Info

Richmond, VA

LEI: 254900JH47ETFGVNKS92

Tax ID: 54-0754383

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Call Federal Credit Union is a smaller credit union specializing in Home Improvement, Other, and Home Purchase loans. Call Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Richmond, Charlottesville, Atlanta, North Port, and Myrtle Beach among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Call Federal Credit Union has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders. Call Federal Credit Union is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 5.95% 5/4/24
    30 Year Conventional Purchase 6.82% 5/4/24
    30 Year Conventional Refi 6.72% 5/4/24
    30 Year Cash-out Refi 6.91% 5/4/24
    30 Year FHA Purchase 7.51% 5/4/24
    30 Year FHA Refi 6.27% 5/4/24
    30 Year VA Purchase 6.72% 5/4/24
    15 Year Conventional Purchase 5.87% 5/4/24
    15 Year Conventional Refi 7.13% 5/4/24
    15 Year Cash-out Refi 7.13% 5/4/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Call Federal Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Call Federal Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    409

    Origination Dollar Volume (All Markets)

    $40,365,000

    Awards

    Call Federal Credit Union 30 Year Conventional Loans gold
    Show all (1) awards

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    RICHMOND, VA (FHA|USDA|VA) 376 $35,620,000 $94,734 $1,228 5.02%
    Outside of Metro Areas 17 $1,745,000 $102,647 $1,512 5.25%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 3 $665,000 $221,667 $3,250 5.29%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $565,000 $565,000 $4,357 5.49%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $395,000 $395,000 $7,365 4.78%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $320,000 $160,000 $4,041 6.20%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 3 $315,000 $105,000 $2,934 4.69%
    Henderson, NC (FHA|USDA|VA) 1 $315,000 $315,000 $3,988 2.25%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $145,000 $145,000 $3,575 3.38%
    ROANOKE, VA (FHA|USDA|VA) 1 $125,000 $125,000 $0 4.43%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 2 $100,000 $50,000 $275 5.75%
    LYNCHBURG, VA (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.18%
    Call Federal Credit Union's top markets include Richmond, Charlottesville, Atlanta, North Port, and Myrtle Beach among others.

    Their top states include:
  • Virginia (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Call Federal Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    HENRICO Federal Credit Union
    Similarity Rank: 16
    DOMINION ENERGY CREDIT UNION
    Similarity Rank: 160
    Chesapeake Bank
    Similarity Rank: 316
    C&F Select LLC
    Similarity Rank: 1040
    Call Federal Credit Union
    Similarity Rank: 1308
    LANGLEY
    Similarity Rank: 1452
    VILLAGE BANK MORTGAGE CORPORATION
    Similarity Rank: 1638
    Virginia Credit Union, Inc.
    Similarity Rank: 2432
    Third Federal Savings and Loan Association of Cleveland
    Similarity Rank: 2457
    Mortgage Assurance Inc.
    Similarity Rank: 2574

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 236 $23,950,000 $101,483 $1,332 5.42%
    HELOC 172 $16,150,000 $93,895 n/a 4.49%
    VA 1 $265,000 $265,000 $3,635 4.00%

    For 2022, Call Federal Credit Union's most frequently originated type of loan was Conventional, with 236 originations. Their 2nd most popular type was HELOC, with 172 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 164 $12,420,000 $75,732 $367 4.95%
    Other 133 $10,035,000 $75,451 $373 5.26%
    Home Purchase 41 $8,455,000 $206,220 $3,882 4.94%
    Refi 38 $3,610,000 $95,000 $1,177 4.91%
    Cash Out Refi 33 $5,845,000 $177,121 $3,171 4.70%

    For 2022, Call Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 164 originations. The 2nd most popular reason was Other, with 133 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 199 $16,925,000 $85,050 $782 4.93%
    20 Year 82 $8,750,000 $106,707 $3,487 4.93%
    10 Year 72 $3,600,000 $50,000 $417 5.39%
    30 Year 55 $11,025,000 $200,455 $3,480 5.08%
    Other 1 $65,000 $65,000 $336 4.00%

    For 2022, Call Federal Credit Union's most frequently cited loan duration was 15 Year, with 199 originations. The 2nd most popular length was 20 Year, with 82 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 216 $20,530,000 $95,046
    $1k-2k 12 $1,930,000 $160,833
    $2k-3k 4 $470,000 $117,500
    $3k-4k 3 $1,035,000 $345,000
    $4k-5k 1 $155,000 $155,000

    Call Federal Credit Union's average total fees were $3,480, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 216 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 135 $13,395,000 $99,222
    4-5% 94 $8,990,000 $95,638
    5-6% 72 $8,770,000 $121,806
    6-7% 66 $5,380,000 $81,515
    7-8% 20 $1,540,000 $77,000
    Over 8% 13 $875,000 $67,308
    2.5-3% 7 $1,035,000 $147,857
    <2.5% 2 $380,000 $190,000

    During 2022, Call Federal Credit Union's average interest rate for loans was 5.08%, while their most frequently originated rate bucket for loans was 3-4%, with 135 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 264 $14,140,000 $53,561 $632 5.16%
    $100k-200k 100 $13,710,000 $137,100 $2,134 4.85%
    $200k-400k 43 $11,535,000 $268,256 $3,716 4.61%
    $400k-600k 2 $980,000 $490,000 $4,078 5.45%

    2022 saw Call Federal Credit Union place emphasis on $100,000 or less loans with 264 originations, totaling $14,140,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 125 $10,005,000 $80,040 $1,112 5.00%
    $75k-100k 85 $8,265,000 $97,235 $1,439 5.10%
    $100k-150k 77 $8,605,000 $111,753 $1,878 5.11%
    $150k-250k 62 $8,030,000 $129,516 $942 4.83%
    $50k or less 48 $3,460,000 $72,083 $1,561 5.12%
    $250k+ 10 $1,690,000 $169,000 $275 4.65%

    Call Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 125 originations. The second most popular income band? $75k-100k, with 85 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 114 $10,310,000 $90,439 $922 4.89%
    30-36% 79 $6,585,000 $83,354 $1,217 5.34%
    <20% 64 $6,870,000 $107,344 $1,037 4.60%
    38% 16 $1,460,000 $91,250 $1,743 4.64%
    41% 14 $1,670,000 $119,286 $2,105 5.23%
    42% 13 $1,265,000 $97,308 $2,170 4.99%
    50-60% 13 $1,095,000 $84,231 $604 4.91%
    40% 11 $725,000 $65,909 $870 4.79%
    44% 11 $1,235,000 $112,273 $1,396 5.48%
    48% 11 $1,645,000 $149,545 $1,774 5.10%
    39% 10 $1,200,000 $120,000 $1,831 5.72%
    43% 10 $1,900,000 $190,000 $2,612 5.23%
    36% 9 $635,000 $70,556 $770 5.36%
    49% 7 $1,095,000 $156,429 $3,061 5.47%
    37% 7 $775,000 $110,714 $1,619 5.24%
    46% 6 $660,000 $110,000 $1,231 4.94%
    47% 6 $490,000 $81,667 $800 5.79%
    45% 6 $440,000 $73,333 $1,868 4.55%
    >60% 1 $155,000 $155,000 $275 8.00%

    Call Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 114 originations. The next most common DTI ratio? 30-36%, with 79 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 257 $24,535,000 $95,467 $1,120 4.98%
    Black 105 $9,625,000 $91,667 $1,269 5.22%
    Not provided 44 $5,830,000 $132,500 $2,631 4.83%
    Asian 2 $340,000 $170,000 $321 4.34%
    Other Pacific Islander 1 $35,000 $35,000 $275 7.25%

    Approval Rates

    Total approvals of all applications
    83.94%

    Call Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    90.22%

    Call Federal Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 409 $40,365,000 $98,692

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    409 $40,365,000 $98,692

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 129 $12,985,000 $100,659 $837 5.02%
    40-60% 38 $5,570,000 $146,579 $2,317 4.70%
    60-80% 31 $6,845,000 $220,806 $3,479 4.56%
    80-100% 25 $5,465,000 $218,600 $3,691 5.08%
    Under 20% 186 $9,500,000 $51,075 $343 5.18%