Cdc Federal Credit Union Mortgage Rates, Fees & Info
Atlanta, GALEI: 254900W1NULDJH9MMK81
Tax ID: 58-0561275
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Mortgage Data
Review & Overview
Cdc Federal Credit Union is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. Cdc Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Atlanta, Savannah, Gainesville, Portland, and Nashville among others. We have data for 19 markets. (Some data included below & more in-depth data is available with an active subscription.)Cdc Federal Credit Union has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Cdc Federal Credit Union is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.62% | 11/22/24 |
| 30 Year Conventional Refi | 6.19% | 11/22/24 |
| 30 Year Cash-out Refi | 6.54% | 11/22/24 |
| 30 Year USDA Purchase | 6.31% | 11/22/24 |
| 15 Year Conventional Purchase | 5.68% | 11/22/24 |
| 15 Year Conventional Refi | 5.91% | 11/22/24 |
| 15 Year Cash-out Refi | 5.91% | 11/22/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Cdc Federal Credit Union Mortgage Calculator
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This is not an official calculator from Cdc Federal Credit Union. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
226Origination Dollar Volume (All Markets)
$40,870,000Top 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 |
|---|---|---|---|---|---|
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 199 | $34,695,000 | $174,347 | $3,721 | 5.34% |
| SAVANNAH, GA (FHA|USDA|VA) | 4 | $1,020,000 | $255,000 | $4,636 | 4.84% |
| GAINESVILLE, GA (FHA|USDA|VA) | 4 | $910,000 | $227,500 | $5,813 | 5.25% |
| Outside of Metro Areas | 4 | $610,000 | $152,500 | $4,552 | 4.71% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $7,878 | 4.38% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $7,588 | 4.25% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 4.50% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $6,215 | 4.38% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $6,740 | 4.38% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 4.63% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $8,606 | 4.38% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 4.50% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 4.88% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,740 | 4.88% |
| Waycross, GA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 3.75% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,616 | 4.75% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,037 | 4.63% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 4.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 4.38% |
Similar Lenders
We use machine learning to identify the top lenders compared against CDC Federal Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 170 | $35,960,000 | $211,529 | $4,069 | 4.80% |
| HELOC | 56 | $4,910,000 | $87,679 | n/a | 6.63% |
For 2018, Cdc Federal Credit Union's most frequently originated type of loan was Conventional, with 170 originations. Their 2nd most popular type was HELOC, with 56 originations.
Loan Reason
For 2018, Cdc Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 104 originations. The 2nd most popular reason was Other, with 69 originations.
Loan Duration/Length
For 2018, Cdc Federal Credit Union's most frequently cited loan duration was 30 Year, with 116 originations. The 2nd most popular length was 10 Year, with 67 originations.
Origination Fees/Closing Costs
Cdc Federal Credit Union's average total fees were $5,531, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 65 originations.
Interest Rates
During 2018, Cdc Federal Credit Union's average interest rate for loans was 4.67%, while their most frequently originated rate bucket for loans was 4-5%, with 114 originations.
Loan Sizing
2018 saw Cdc Federal Credit Union place emphasis on $200k-400k loans with 77 originations, totaling $20,865,000 in origination value.
Applicant Income
Cdc Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 60 originations. The second most popular income band? $150k-250k, with 57 originations.
Applicant Debt to Income Ratio
Cdc Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 63 originations. The next most common DTI ratio? 30-36%, with 46 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.64%
Cdc Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination91.59%
Cdc Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 226 | $40,870,000 | $180,841 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 226 | $40,870,000 | $180,841 |