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 Cash Out Refi and Home Purchase loans. Fort Mcclellan Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Anniston, Gadsden, and Talladega 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
23Origination Dollar Volume (All Markets)
$1,835,000Top 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) | 14 | $1,190,000 | $85,000 | $0 | 0.00% |
| Outside of Metro Areas | 6 | $490,000 | $81,667 | $0 | 0.00% |
| GADSDEN, AL (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 0.00% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 23 | $1,835,000 | $79,783 | $0 | 0.00% |
For 2019, Fort Mcclellan Credit Union's most frequently originated type of loan was Conventional, with 23 originations.
Loan Reason
For 2019, Fort Mcclellan Credit Union's most frequently cited loan purpose was Cash Out Refi, with 11 originations. The 2nd most popular reason was Home Purchase, with 7 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 23 | $1,835,000 | $79,783 | $0 | 0.00% |
For 2019, Fort Mcclellan Credit Union's most frequently cited loan duration was Other, with 23 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 16 | $920,000 | $57,500 | $0 | 0.00% |
| $100k-200k | 7 | $915,000 | $130,714 | $0 | 0.00% |
2019 saw Fort Mcclellan Credit Union place emphasis on $100,000 or less loans with 16 originations, totaling $920,000 in origination value.
Applicant Income
Fort Mcclellan Credit Union lent most frequently to those with incomes in the $50k-75k range, with 9 originations. The second most popular income band? $50k or less, with 8 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 21 | $1,645,000 | $78,333 | $0 | 0.00% |
| Black | 1 | $135,000 | $135,000 | $0 | 0.00% |
| American Indian | 1 | $55,000 | $55,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications63.27%
Fort Mcclellan Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination78.26%
Fort Mcclellan Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 23 | $1,835,000 | $79,783 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 3 | $245,000 | $81,667 |
| Single Family (1-4 Units):Site-Built | 20 | $1,590,000 | $79,500 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Freedom Mortgage Company | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 17 | 3.1% |
| Freedom Mortgage Company | Conventional home mortgage | Closing on a mortgage | 11 | 2.0% |
| Freedom Mortgage Company | Conventional home mortgage | Incorrect information on your report | 3 | 0.6% |
| Freedom Mortgage Company | Conventional home mortgage | Problem with a credit reporting company's investigation into an existing problem | 1 | 0.2% |
| Freedom Mortgage Company | Conventional home mortgage | Struggling to pay mortgage | 22 | 4.1% |
| Freedom Mortgage Company | Conventional home mortgage | Trouble during payment process | 127 | 23.5% |
| Freedom Mortgage Company | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 25 | 4.6% |
| Freedom Mortgage Company | FHA mortgage | Closing on a mortgage | 16 | 3.0% |
| Freedom Mortgage Company | FHA mortgage | Incorrect information on your report | 6 | 1.1% |
| Freedom Mortgage Company | FHA mortgage | Problem with a credit reporting company's investigation into an existing problem | 6 | 1.1% |
| Freedom Mortgage Company | FHA mortgage | Struggling to pay mortgage | 67 | 12.4% |
| Freedom Mortgage Company | FHA mortgage | Trouble during payment process | 81 | 15.0% |
| Freedom Mortgage Company | FHA mortgage | Unable to get your credit report or credit score | 1 | 0.2% |
| Freedom Mortgage Company | Home equity loan or line of credit (HELOC) | Incorrect information on your report | 1 | 0.2% |
| Freedom Mortgage Company | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 0.2% |
| Freedom Mortgage Company | Other type of mortgage | Closing on a mortgage | 5 | 0.9% |
| Freedom Mortgage Company | Other type of mortgage | Struggling to pay mortgage | 3 | 0.6% |
| Freedom Mortgage Company | Other type of mortgage | Trouble during payment process | 10 | 1.8% |
| Freedom Mortgage Company | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 18 | 3.3% |
| Freedom Mortgage Company | VA mortgage | Closing on a mortgage | 11 | 2.0% |
| Freedom Mortgage Company | VA mortgage | Incorrect information on your report | 4 | 0.7% |
| Freedom Mortgage Company | VA mortgage | Problem with a credit reporting company's investigation into an existing problem | 2 | 0.4% |
| Freedom Mortgage Company | VA mortgage | Struggling to pay mortgage | 26 | 4.8% |
| Freedom Mortgage Company | VA mortgage | Trouble during payment process | 77 | 14.2% |