Kinetic Federal Credit Union Mortgage Rates, Fees & Info

Columbus, GA

LEI: 54930020YFOV56MQ7B70

Tax ID: 58-0667515

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Mortgage Data

Review & Overview

Kinetic Federal Credit Union is a smaller credit union specializing in Cash Out Refi and Refi loans. Kinetic Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Columbus, Montgomery, Auburn, Lagrange, and Atlanta among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

Kinetic Federal 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.

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% 10/29/24
30 Year Conventional Refi 6.39% 10/29/24
30 Year Cash-out Refi 6.61% 10/29/24
15 Year Conventional Purchase 6.58% 10/29/24
15 Year Conventional Refi 5.93% 10/29/24
15 Year Cash-out Refi 5.93% 10/29/24
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






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Kinetic Federal Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

133

Origination Dollar Volume (All Markets)

$29,185,000

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
COLUMBUS, GA-AL (FHA|USDA|VA) 114 $17,570,000 $154,123 $0 0.00%
MONTGOMERY, AL (FHA|USDA|VA) 1 $9,205,000 $9,205,000 $0 0.00%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 16 $2,260,000 $141,250 $0 0.00%
LaGrange, GA-AL (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
Kinetic Federal Credit Union's top markets include Columbus, Montgomery, Auburn, Lagrange, and Atlanta among others.

Their top states include:
  • Georgia (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • 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 133 $29,185,000 $219,436 $0 0.00%

    For 2020, Kinetic Federal Credit Union's most frequently originated type of loan was Conventional, with 133 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 47 $7,565,000 $160,957 $0 0.00%
    Refi 44 $18,000,000 $409,091 $0 0.00%
    Home Improvement 23 $1,275,000 $55,435 $0 0.00%
    Other 12 $590,000 $49,167 $0 0.00%
    Home Purchase 7 $1,755,000 $250,714 $0 0.00%

    For 2020, Kinetic Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 47 originations. The 2nd most popular reason was Refi, with 44 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 133 $29,185,000 $219,436 $0 0.00%

    For 2020, Kinetic Federal Credit Union's most frequently cited loan duration was Other, with 133 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 65 $3,615,000 $55,615 $0 0.00%
    $100k-200k 39 $5,465,000 $140,128 $0 0.00%
    $200k-400k 16 $4,410,000 $275,625 $0 0.00%
    $400k-600k 10 $5,020,000 $502,000 $0 0.00%
    $600k-1MM 2 $1,470,000 $735,000 $0 0.00%
    $1MM+ 1 $9,205,000 $9,205,000 $0 0.00%

    2020 saw Kinetic Federal Credit Union place emphasis on $100,000 or less loans with 65 originations, totaling $3,615,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 31 $2,735,000 $88,226 $0 0.00%
    $100k-150k 23 $3,155,000 $137,174 $0 0.00%
    $50k or less 18 $1,270,000 $70,556 $0 0.00%
    $75k-100k 17 $1,535,000 $90,294 $0 0.00%
    $150k-250k 7 $1,165,000 $166,429 $0 0.00%
    $250k+ 4 $1,450,000 $362,500 $0 0.00%

    Kinetic Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 31 originations. The second most popular income band? $100k-150k, with 23 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 133 $29,185,000 $219,436 $0 0.00%

    Kinetic Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 133 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 33 $17,875,000 $541,667 $0 0.00%
    White 72 $8,700,000 $120,833 $0 0.00%
    Black 17 $1,285,000 $75,588 $0 0.00%
    Not provided 9 $1,085,000 $120,556 $0 0.00%
    Asian 2 $240,000 $120,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.29%

    Kinetic Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.22%

    Kinetic Federal Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 133 $29,185,000 $219,436

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 11 $13,745,000 $1,249,545
    Single Family (1-4 Units):Site-Built 122 $15,440,000 $126,557

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Kentucky Housing Corporation FHA mortgage Struggling to pay mortgage 1 100.0%