Fort Mcclellan Credit Union Mortgage Rates, Fees & Info

Anniston, AL

LEI: 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 Refi loans. Fort Mcclellan Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Anniston, Gadsden, Talladega, Birmingham, and Eufaula among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

Fort Mcclellan Credit Union has an 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

52

Origination Dollar Volume (All Markets)

$5,470,000

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
ANNISTON-OXFORD, AL (FHA|USDA|VA) 33 $3,585,000 $108,636 $0 0.00%
Outside of Metro Areas 12 $1,390,000 $115,833 $0 0.00%
GADSDEN, AL (FHA|USDA|VA) 3 $175,000 $58,333 $0 0.00%
Talladega-Sylacauga, AL (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
Eufaula, AL-GA (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
LaGrange, GA-AL (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
Fort Mcclellan Credit Union's top markets include Anniston, Gadsden, Talladega, Birmingham, and Eufaula among others.

Their top states include:
  • (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 52 $5,470,000 $105,192 $0 0.00%

    For 2021, Fort Mcclellan Credit Union's most frequently originated type of loan was Conventional, with 52 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 20 $2,330,000 $116,500 $0 0.00%
    Refi 14 $1,740,000 $124,286 $0 0.00%
    Home Purchase 10 $820,000 $82,000 $0 0.00%
    Home Improvement 4 $400,000 $100,000 $0 0.00%
    Other 4 $180,000 $45,000 $0 0.00%

    For 2021, Fort Mcclellan Credit Union's most frequently cited loan purpose was Cash Out Refi, with 20 originations. The 2nd most popular reason was Refi, with 14 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 52 $5,470,000 $105,192 $0 0.00%

    For 2021, Fort Mcclellan Credit Union's most frequently cited loan duration was Other, with 52 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 29 $1,825,000 $62,931 $0 0.00%
    $100k-200k 18 $2,440,000 $135,556 $0 0.00%
    $200k-400k 5 $1,205,000 $241,000 $0 0.00%

    2021 saw Fort Mcclellan Credit Union place emphasis on $100,000 or less loans with 29 originations, totaling $1,825,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 14 $820,000 $58,571 $0 0.00%
    $50k-75k 11 $905,000 $82,273 $0 0.00%
    $75k-100k 10 $1,290,000 $129,000 $0 0.00%
    $100k-150k 9 $1,215,000 $135,000 $0 0.00%
    $150k-250k 5 $765,000 $153,000 $0 0.00%
    $250k+ 1 $195,000 $195,000 $0 0.00%

    Fort Mcclellan Credit Union lent most frequently to those with incomes in the $50k or less range, with 14 originations. The second most popular income band? $50k-75k, with 11 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 52 $5,470,000 $105,192 $0 0.00%

    Fort Mcclellan Credit Union lent most frequently to those with DTI ratios of Exempt%, with 52 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 40 $4,370,000 $109,250 $0 0.00%
    Black 7 $585,000 $83,571 $0 0.00%
    Not provided 5 $515,000 $103,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    77.63%

    Fort Mcclellan Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    86.54%

    Fort Mcclellan Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 52 $5,470,000 $105,192

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    52 $5,470,000 $105,192

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Freedom Mortgage Company Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 74 9.7%
    Freedom Mortgage Company Conventional home mortgage Closing on a mortgage 36 4.7%
    Freedom Mortgage Company Conventional home mortgage Improper use of your report 3 0.4%
    Freedom Mortgage Company Conventional home mortgage Incorrect information on your report 5 0.7%
    Freedom Mortgage Company Conventional home mortgage Problem with a credit reporting company's investigation into an existing problem 3 0.4%
    Freedom Mortgage Company Conventional home mortgage Struggling to pay mortgage 18 2.4%
    Freedom Mortgage Company Conventional home mortgage Trouble during payment process 122 16.1%
    Freedom Mortgage Company FHA mortgage Applying for a mortgage or refinancing an existing mortgage 37 4.9%
    Freedom Mortgage Company FHA mortgage Closing on a mortgage 19 2.5%
    Freedom Mortgage Company FHA mortgage Credit monitoring or identity theft protection services 1 0.1%
    Freedom Mortgage Company FHA mortgage Improper use of your report 1 0.1%
    Freedom Mortgage Company FHA mortgage Incorrect information on your report 6 0.8%
    Freedom Mortgage Company FHA mortgage Problem with a credit reporting company's investigation into an existing problem 6 0.8%
    Freedom Mortgage Company FHA mortgage Struggling to pay mortgage 65 8.6%
    Freedom Mortgage Company FHA mortgage Trouble during payment process 82 10.8%
    Freedom Mortgage Company Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 0.1%
    Freedom Mortgage Company Home equity loan or line of credit (HELOC) Improper use of your report 1 0.1%
    Freedom Mortgage Company Home equity loan or line of credit (HELOC) Trouble during payment process 1 0.1%
    Freedom Mortgage Company Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 10 1.3%
    Freedom Mortgage Company Other type of mortgage Closing on a mortgage 1 0.1%
    Freedom Mortgage Company Other type of mortgage Incorrect information on your report 1 0.1%
    Freedom Mortgage Company Other type of mortgage Struggling to pay mortgage 7 0.9%
    Freedom Mortgage Company Other type of mortgage Trouble during payment process 12 1.6%
    Freedom Mortgage Company Reverse mortgage Applying for a mortgage or refinancing an existing mortgage 2 0.3%
    Freedom Mortgage Company VA mortgage Applying for a mortgage or refinancing an existing mortgage 50 6.6%
    Freedom Mortgage Company VA mortgage Closing on a mortgage 32 4.2%
    Freedom Mortgage Company VA mortgage Incorrect information on your report 5 0.7%
    Freedom Mortgage Company VA mortgage Problem with a credit reporting company's investigation into an existing problem 3 0.4%
    Freedom Mortgage Company VA mortgage Struggling to pay mortgage 20 2.6%
    Freedom Mortgage Company VA mortgage Trouble during payment process 136 17.9%