Fort Mcclellan Credit Union Mortgage Rates, Fees & Info
Anniston, ALLEI: 254900RA6QUTUBU19D95
Tax ID: 63-0346919
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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
52Origination Dollar Volume (All Markets)
$5,470,000Top 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) | 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% |
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
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
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
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 applications77.63%
Fort Mcclellan Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination86.54%
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 |
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% |