Clinchfield Federal Credit Union Mortgage Rates, Fees & Info
Erwin, TNLEI: 254900P86CWA5DCK0Y27
Tax ID: 62-0459298
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Mortgage Data
Review & Overview
Clinchfield Federal Credit Union is a smaller credit union specializing in Cash Out Refi, Home Purchase, and Home Improvement loans. Clinchfield Federal Credit Union has a high proportion of conventional loans. Their top (well, only) market is Johnson City.Clinchfield 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.
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Originations
34Origination Dollar Volume (All Markets)
$3,800,000Top 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 |
|---|---|---|---|---|---|
| JOHNSON CITY, TN (FHA|USDA|VA) | 33 | $3,625,000 | $109,848 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $175,000 | $175,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 34 | $3,800,000 | $111,765 | $0 | 0.00% |
For 2023, Clinchfield Federal Credit Union's most frequently originated type of loan was Conventional, with 34 originations.
Loan Reason
For 2023, Clinchfield Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 17 originations. The 2nd most popular reason was Home Purchase, with 8 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 34 | $3,800,000 | $111,765 | $0 | 0.00% |
For 2023, Clinchfield Federal Credit Union's most frequently cited loan duration was Other, with 34 originations.
Loan Sizing
2023 saw Clinchfield Federal Credit Union place emphasis on $100,000 or less loans with 18 originations, totaling $990,000 in origination value.
Applicant Income
Clinchfield Federal Credit Union lent most frequently to those with incomes in the $50k or less range, with 10 originations. The second most popular income band? $50k-75k, with 8 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 34 | $3,800,000 | $111,765 | $0 | 0.00% |
Clinchfield Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 34 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 34 | $3,800,000 | $111,765 | $0 | 0.00% |
Approval Rates
Total approvals of all applications88.10%
Clinchfield Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination94.12%
Clinchfield Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 34 | $3,800,000 | $111,765 |