Kinetic Federal Credit Union Mortgage Rates, Fees & Info
Columbus, GALEI: 54930020YFOV56MQ7B70
Tax ID: 58-0667515
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Mortgage Data
Review & Overview
Kinetic Federal Credit Union is a smaller credit union specializing in Home Improvement and Other loans. Kinetic Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Columbus, Auburn, Lagrange, and Atlanta among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Kinetic 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.
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 | 6.33% | 4/28/24 |
| 30 Year Conventional Refi | 6.39% | 4/28/24 |
| 30 Year Cash-out Refi | 6.61% | 4/28/24 |
| 15 Year Conventional Purchase | 6.58% | 4/28/24 |
| 15 Year Conventional Refi | 5.93% | 4/28/24 |
| 15 Year Cash-out Refi | 5.93% | 4/28/24 |
| 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. | ||
Kinetic Federal Credit Union Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
56Origination Dollar Volume (All Markets)
$3,690,000Top 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 |
|---|---|---|---|---|---|
| COLUMBUS, GA-AL (FHA|USDA|VA) | 48 | $3,160,000 | $65,833 | $0 | 0.00% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 6 | $460,000 | $76,667 | $0 | 0.00% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against KINETIC 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 | 56 | $3,690,000 | $65,893 | $0 | 0.00% |
For 2018, Kinetic Federal Credit Union's most frequently originated type of loan was Conventional, with 56 originations.
Loan Reason
For 2018, Kinetic Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 28 originations. The 2nd most popular reason was Other, with 19 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 56 | $3,690,000 | $65,893 | $0 | 0.00% |
For 2018, Kinetic Federal Credit Union's most frequently cited loan duration was Other, with 56 originations.
Loan Sizing
2018 saw Kinetic Federal Credit Union place emphasis on $100,000 or less loans with 47 originations, totaling $2,095,000 in origination value.
Applicant Income
Kinetic Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 13 originations. The second most popular income band? $100k-150k, with 12 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 56 | $3,690,000 | $65,893 | $0 | 0.00% |
Kinetic Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 56 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 34 | $2,160,000 | $63,529 | $0 | 0.00% |
| Not applicable | 7 | $925,000 | $132,143 | $0 | 0.00% |
| Black | 15 | $605,000 | $40,333 | $0 | 0.00% |
Approval Rates
Total approvals of all applications95.16%
Kinetic Federal 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 origination94.64%
Kinetic Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 56 | $3,690,000 | $65,893 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 2 | $590,000 | $295,000 |
| Single Family (1-4 Units):Site-Built | 54 | $3,100,000 | $57,407 |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Kentucky Housing Corporation | FHA mortgage | Problem with a credit reporting company's investigation into an existing problem | 1 | 20.0% |
| Kentucky Housing Corporation | FHA mortgage | Trouble during payment process | 2 | 40.0% |
| Kentucky Housing Corporation | Other type of mortgage | Struggling to pay mortgage | 1 | 20.0% |
| Kentucky Housing Corporation | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 20.0% |