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
  • 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 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% 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






    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

    100

    Origination Dollar Volume (All Markets)

    $11,870,000

    Awards

    KINETIC FEDERAL CREDIT UNION 30 Year Conventional Loans gold
    Show all (1) 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) 82 $9,790,000 $119,390 $2,356 5.07%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 18 $2,080,000 $115,556 $2,064 5.33%
    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: 22
    PENTAGON FEDERAL CREDIT UNION
    Similarity Rank: 4690
    Stifel Bank and Trust
    Similarity Rank: 5356
    JPMorgan Chase Bank
    Similarity Rank: 6153
    Truist
    Similarity Rank: 6611
    Renasant Bank
    Similarity Rank: 7598
    CERTAINTY HOME LOANS, LLC
    Similarity Rank: 10030
    Synovus Bank
    Similarity Rank: 10125
    Ameris Bank
    Similarity Rank: 10200
    PENNYMAC LOAN SERVICES, LLC
    Similarity Rank: 10764

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 75 $10,115,000 $134,867 $2,287 5.06%
    HELOC 25 $1,755,000 $70,200 n/a 5.28%

    For 2022, Kinetic Federal Credit Union's most frequently originated type of loan was Conventional, with 75 originations. Their 2nd most popular type was HELOC, with 25 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 31 $1,485,000 $47,903 $1,423 5.44%
    Other 21 $1,655,000 $78,810 $1,541 5.69%
    Cash Out Refi 21 $2,555,000 $121,667 $2,363 4.36%
    Home Purchase 18 $4,520,000 $251,111 $3,527 5.08%
    Refi 9 $1,655,000 $183,889 $2,216 4.47%

    For 2022, Kinetic Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 31 originations. The 2nd most popular reason was Other, with 21 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 31 $1,825,000 $58,871 $1,688 5.28%
    30 Year 26 $6,690,000 $257,308 $3,352 4.72%
    10 Year 19 $1,085,000 $57,105 $1,468 5.67%
    20 Year 17 $1,335,000 $78,529 $2,027 4.88%
    Other 4 $740,000 $185,000 $0 4.62%
    5 Year 3 $195,000 $65,000 $1,293 5.30%

    For 2022, Kinetic Federal Credit Union's most frequently cited loan duration was 15 Year, with 31 originations. The 2nd most popular length was 30 Year, with 26 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 52 $6,270,000 $120,577
    $1k-2k 1 $55,000 $55,000
    $3k-4k 1 $285,000 $285,000
    $5k+ 1 $615,000 $615,000

    Kinetic Federal Credit Union's average total fees were $3,352, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 52 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 32 $3,610,000 $112,813
    4-5% 27 $3,055,000 $113,148
    6-7% 16 $1,840,000 $115,000
    3-4% 15 $2,755,000 $183,667
    7-8% 5 $225,000 $45,000
    2.5-3% 3 $295,000 $98,333
    Over 8% 1 $35,000 $35,000
    <2.5% 1 $55,000 $55,000

    During 2022, Kinetic Federal Credit Union's average interest rate for loans was 4.72%, while their most frequently originated rate bucket for loans was 5-6%, with 32 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 59 $2,775,000 $47,034 $1,624 5.33%
    $100k-200k 25 $3,525,000 $141,000 $2,321 4.59%
    $200k-400k 11 $3,075,000 $279,545 $3,467 5.09%
    $400k-600k 4 $1,880,000 $470,000 $3,675 5.06%
    $600k-1MM 1 $615,000 $615,000 $11,082 5.88%

    2022 saw Kinetic Federal Credit Union place emphasis on $100,000 or less loans with 59 originations, totaling $2,775,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 27 $2,455,000 $90,926 $2,297 5.22%
    $100k-150k 26 $3,030,000 $116,538 $2,199 5.18%
    $50k or less 16 $620,000 $38,750 $1,624 5.39%
    $75k-100k 16 $1,620,000 $101,250 $1,861 4.59%
    $150k-250k 11 $3,135,000 $285,000 $4,227 5.35%
    $250k+ 1 $395,000 $395,000 $0 4.50%

    Kinetic Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 27 originations. The second most popular income band? $100k-150k, with 26 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 25 $2,165,000 $86,600 $1,961 5.05%
    <20% 10 $1,380,000 $138,000 $1,947 4.30%
    44% 7 $605,000 $86,429 $1,640 5.99%
    41% 5 $825,000 $165,000 $2,626 5.45%
    39% 5 $805,000 $161,000 $2,824 6.78%
    30-36% 4 $590,000 $147,500 $2,278 5.13%
    37% 4 $410,000 $102,500 $2,704 5.59%
    43% 3 $115,000 $38,333 $1,428 5.73%
    36% 2 $240,000 $120,000 $2,837 4.81%
    42% 2 $110,000 $55,000 $2,821 5.38%
    46% 1 $35,000 $35,000 $1,506 4.07%
    38% 1 $475,000 $475,000 $0 5.38%
    40% 1 $35,000 $35,000 $0 5.49%
    45% 1 $105,000 $105,000 $0 6.50%

    Kinetic Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 25 originations. The next most common DTI ratio? <20%, with 10 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 58 $7,540,000 $130,000 $2,368 5.06%
    Black 25 $2,225,000 $89,000 $2,248 5.67%
    Not provided 13 $1,385,000 $106,538 $2,034 4.37%
    Not applicable 3 $615,000 $205,000 $0 4.24%
    Guamanian 1 $105,000 $105,000 $0 6.50%

    Approval Rates

    Total approvals of all applications
    82.07%

    Kinetic Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    81.00%

    Kinetic Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 100 $11,870,000 $118,700

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    100 $11,870,000 $118,700

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 9 $615,000 $68,333 $1,584 6.31%
    40-60% 10 $1,440,000 $144,000 $2,114 5.28%
    60-80% 6 $1,170,000 $195,000 $2,450 3.83%
    80-100% 7 $1,405,000 $200,714 $3,213 4.75%
    Under 20% 14 $490,000 $35,000 $1,327 5.29%