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 Home Purchase and Cash Out Refi loans. Fort Mcclellan Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Anniston, Birmingham, Talladega, Gadsden, and Auburn 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 above 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
112Origination Dollar Volume (All Markets)
$20,560,000Top 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) | 68 | $10,630,000 | $156,324 | $0 | 0.00% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 12 | $4,120,000 | $343,333 | $0 | 0.00% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 11 | $2,485,000 | $225,909 | $0 | 0.00% |
| Outside of Metro Areas | 14 | $2,180,000 | $155,714 | $0 | 0.00% |
| GADSDEN, AL (FHA|USDA|VA) | 4 | $700,000 | $175,000 | $0 | 0.00% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $0 | 0.00% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 112 | $20,560,000 | $183,571 | $0 | 0.00% |
For 2022, Fort Mcclellan Credit Union's most frequently originated type of loan was Conventional, with 112 originations.
Loan Reason
For 2022, Fort Mcclellan Credit Union's most frequently cited loan purpose was Home Purchase, with 60 originations. The 2nd most popular reason was Cash Out Refi, with 23 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 112 | $20,560,000 | $183,571 | $0 | 0.00% |
For 2022, Fort Mcclellan Credit Union's most frequently cited loan duration was Other, with 112 originations.
Loan Sizing
2022 saw Fort Mcclellan Credit Union place emphasis on $100k-200k loans with 39 originations, totaling $5,575,000 in origination value.
Applicant Income
Fort Mcclellan Credit Union lent most frequently to those with incomes in the $50k or less range, with 31 originations. The second most popular income band? $50k-75k, with 26 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 112 | $20,560,000 | $183,571 | $0 | 0.00% |
Fort Mcclellan Credit Union lent most frequently to those with DTI ratios of Exempt%, with 112 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.01%
Fort Mcclellan Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination83.93%
Fort Mcclellan Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 112 | $20,560,000 | $183,571 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Freedom Mortgage Company | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 3 | 8.8% |
| Freedom Mortgage Company | Conventional home mortgage | Closing on a mortgage | 2 | 5.9% |
| Freedom Mortgage Company | Conventional home mortgage | Struggling to pay mortgage | 2 | 5.9% |
| Freedom Mortgage Company | Conventional home mortgage | Trouble during payment process | 4 | 11.8% |
| Freedom Mortgage Company | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 5.9% |
| Freedom Mortgage Company | FHA mortgage | Closing on a mortgage | 2 | 5.9% |
| Freedom Mortgage Company | FHA mortgage | Struggling to pay mortgage | 2 | 5.9% |
| Freedom Mortgage Company | FHA mortgage | Trouble during payment process | 8 | 23.5% |
| Freedom Mortgage Company | Other type of mortgage | Closing on a mortgage | 1 | 2.9% |
| Freedom Mortgage Company | Other type of mortgage | Struggling to pay mortgage | 1 | 2.9% |
| Freedom Mortgage Company | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 5.9% |
| Freedom Mortgage Company | VA mortgage | Incorrect information on your report | 1 | 2.9% |
| Freedom Mortgage Company | VA mortgage | Trouble during payment process | 4 | 11.8% |