Kinetic Federal Credit Union Mortgage Rates, Fees & Info

Columbus, GA

LEI: 54930020YFOV56MQ7B70

Tax ID: 58-0667515

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Kinetic Federal Credit Union is a smaller credit union specializing in Cash Out Refi, Refi, and Home Purchase loans. Kinetic Federal Credit Union has a high proportion of conventional loans. Their top two markets are Columbus and Auburn .

    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. Kinetic Federal Credit Union is typically a low 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.33% 11/21/24
    30 Year Conventional Refi 6.39% 11/21/24
    30 Year Cash-out Refi 6.61% 11/21/24
    15 Year Conventional Purchase 6.58% 11/21/24
    15 Year Conventional Refi 5.93% 11/21/24
    15 Year Cash-out Refi 5.93% 11/21/24
    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

    83

    Origination Dollar Volume (All Markets)

    $14,015,000

    Awards

    KINETIC FEDERAL CREDIT UNION 30 Year Conventional Loans gold KINETIC FEDERAL CREDIT UNION 30 Year Conventional Loans silver KINETIC FEDERAL CREDIT UNION 30 Year Conventional Loans gold KINETIC FEDERAL CREDIT UNION 30 Year Conventional Loans silver
    Show all (4) awards

    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) 73 $12,955,000 $177,466 $1,926 3.35%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 10 $1,060,000 $106,000 $1,855 3.12%
    Kinetic Federal Credit Union's top markets include Columbus and Auburn 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.

    KINETIC FEDERAL CREDIT UNION
    Similarity Rank: 14
    GUARANTY MORTGAGE SERVICES, L.L.C.
    Similarity Rank: 1771
    Stifel Bank and Trust
    Similarity Rank: 2760
    Ameris Bank
    Similarity Rank: 5200
    PENTAGON FEDERAL CREDIT UNION
    Similarity Rank: 5792
    CLEARPATH LENDING
    Similarity Rank: 6300
    Lakeview Community Capital, LLC
    Similarity Rank: 6688
    VILLAGE CAPITAL MORTGAGE
    Similarity Rank: 7524
    FIRST COMMUNITY MORTGAGE, INC.
    Similarity Rank: 8350
    BETTER MORTGAGE CORPORATION
    Similarity Rank: 11788

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 75 $13,265,000 $176,867 $1,919 3.22%
    HELOC 8 $750,000 $93,750 n/a 4.25%

    For 2021, Kinetic Federal Credit Union's most frequently originated type of loan was Conventional, with 75 originations. Their 2nd most popular type was HELOC, with 8 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 36 $6,030,000 $167,500 $1,979 3.20%
    Refi 15 $4,115,000 $274,333 $2,459 3.07%
    Home Purchase 14 $2,980,000 $212,857 $2,916 3.35%
    Home Improvement 9 $455,000 $50,556 $1,323 3.75%
    Other 9 $435,000 $48,333 $1,315 3.75%

    For 2021, Kinetic Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 36 originations. The 2nd most popular reason was Refi, with 15 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 27 $5,305,000 $196,481 $2,459 2.98%
    15 Year 22 $1,420,000 $64,545 $1,490 3.16%
    Other 21 $5,745,000 $273,571 $0 3.55%
    20 Year 10 $1,410,000 $141,000 $2,265 3.97%
    10 Year 2 $110,000 $55,000 $1,137 3.81%
    5 Year 1 $25,000 $25,000 $985 3.87%

    For 2021, Kinetic Federal Credit Union's most frequently cited loan duration was 30 Year, with 27 originations. The 2nd most popular length was 15 Year, with 22 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 54 $7,520,000 $139,259

    Kinetic Federal Credit Union's average total fees were $2,459, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 54 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 40 $6,420,000 $160,500
    2.5-3% 30 $5,720,000 $190,667
    4-5% 12 $1,850,000 $154,167
    <2.5% 1 $25,000 $25,000

    During 2021, Kinetic Federal Credit Union's average interest rate for loans was 2.98%, while their most frequently originated rate bucket for loans was 3-4%, with 40 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 35 $1,955,000 $55,857 $1,526 3.38%
    $100k-200k 26 $3,820,000 $146,923 $1,982 3.30%
    $200k-400k 15 $4,345,000 $289,667 $2,699 3.24%
    $400k-600k 5 $2,465,000 $493,000 $3,579 3.15%
    $600k-1MM 2 $1,430,000 $715,000 $0 3.77%

    2021 saw Kinetic Federal Credit Union place emphasis on $100,000 or less loans with 35 originations, totaling $1,955,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 19 $2,035,000 $107,105 $1,938 3.34%
    $50k or less 12 $1,010,000 $84,167 $1,583 3.36%
    $75k-100k 12 $1,490,000 $124,167 $1,971 3.03%
    $100k-150k 10 $1,270,000 $127,000 $1,823 3.26%
    $150k-250k 7 $1,495,000 $213,571 $2,297 3.24%
    $250k+ 2 $970,000 $485,000 $2,842 2.94%

    Kinetic Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 19 originations. The second most popular income band? $50k or less, with 12 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 26 $3,850,000 $148,077 $1,946 3.10%
    30-36% 6 $810,000 $135,000 $2,140 3.59%
    20-30% 6 $1,020,000 $170,000 $2,138 3.32%
    37% 3 $495,000 $165,000 $1,917 2.79%
    40% 2 $330,000 $165,000 $2,109 2.88%
    38% 2 $100,000 $50,000 $1,339 3.43%
    45% 1 $85,000 $85,000 $4,045 2.88%
    39% 1 $45,000 $45,000 $1,765 2.75%
    42% 1 $45,000 $45,000 $1,675 3.79%
    43% 1 $185,000 $185,000 $2,041 3.50%
    44% 1 $135,000 $135,000 $2,012 3.00%

    Kinetic Federal Credit Union lent most frequently to those with DTI ratios of <20%, with 26 originations. The next most common DTI ratio? 30-36%, with 6 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 21 $5,745,000 $273,571 $0 3.55%
    White 30 $4,090,000 $136,333 $1,965 3.28%
    Not provided 15 $2,445,000 $163,000 $2,083 3.01%
    Black 15 $1,345,000 $89,667 $1,659 3.46%
    Asian Indian 1 $205,000 $205,000 $0 2.88%
    Asian 1 $185,000 $185,000 $2,126 2.88%

    Approval Rates

    Total approvals of all applications
    82.76%

    Kinetic Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    85.54%

    Kinetic Federal Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 2 $230,000 $115,000
    NA 81 $13,785,000 $170,185

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    83 $14,015,000 $168,855

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 5 $295,000 $59,000 $1,573 3.67%
    40-60% 11 $1,445,000 $131,364 $2,047 3.16%
    60-80% 22 $4,720,000 $214,545 $2,442 3.08%
    80-100% 3 $255,000 $85,000 $1,687 2.97%
    Under 20% 8 $270,000 $33,750 $1,707 3.22%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Kentucky Housing Corporation Conventional home mortgage Struggling to pay mortgage 1 50.0%
    Kentucky Housing Corporation FHA mortgage Struggling to pay mortgage 1 50.0%