Fort Mcclellan Credit Union Mortgage Rates, Fees & Info
Anniston, ALLEI: 254900RA6QUTUBU19D95
Tax ID: 63-0346919
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Mortgage Data
Review & Overview
Fort Mcclellan Credit Union is a smaller credit union specializing in Home Purchase and Refi loans. Fort Mcclellan Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Anniston, Talladega, and Gadsden among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Fort Mcclellan Credit Union has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
29Origination Dollar Volume (All Markets)
$2,695,000Top 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 |
|---|---|---|---|---|---|
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 19 | $1,725,000 | $90,789 | $0 | 0.00% |
| Outside of Metro Areas | 6 | $390,000 | $65,000 | $0 | 0.00% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $0 | 0.00% |
| GADSDEN, AL (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 29 | $2,695,000 | $92,931 | $0 | 0.00% |
For 2018, Fort Mcclellan Credit Union's most frequently originated type of loan was Conventional, with 29 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 15 | $1,435,000 | $95,667 | $0 | 0.00% |
| Refi | 13 | $1,165,000 | $89,615 | $0 | 0.00% |
| Cash Out Refi | 1 | $95,000 | $95,000 | $0 | 0.00% |
For 2018, Fort Mcclellan Credit Union's most frequently cited loan purpose was Home Purchase, with 15 originations. The 2nd most popular reason was Refi, with 13 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 29 | $2,695,000 | $92,931 | $0 | 0.00% |
For 2018, Fort Mcclellan Credit Union's most frequently cited loan duration was Other, with 29 originations.
Loan Sizing
2018 saw Fort Mcclellan Credit Union place emphasis on $100,000 or less loans with 21 originations, totaling $1,245,000 in origination value.
Applicant Income
Fort Mcclellan Credit Union lent most frequently to those with incomes in the $50k or less range, with 11 originations. The second most popular income band? $50k-75k, with 9 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 24 | $2,330,000 | $97,083 | $0 | 0.00% |
| Black | 3 | $215,000 | $71,667 | $0 | 0.00% |
| Asian | 2 | $150,000 | $75,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications64.15%
Fort Mcclellan Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination86.21%
Fort Mcclellan Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 29 | $2,695,000 | $92,931 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 5 | $415,000 | $83,000 |
| Single Family (1-4 Units):Site-Built | 24 | $2,280,000 | $95,000 |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Fortune Title Agency, Inc. | Conventional home mortgage | Trouble during payment process | 1 | 100.0% |