Campus Federal Credit Union Mortgage Rates, Fees & Info

Baton Rouge, LA

LEI: 54930027GUR70U427Y19

Tax ID: 72-0452899

5 stars - Updated: 12/16/24 - out of 5 stars, based on 11 reviews

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • 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

    Campus Federal Credit Union is a smaller credit union specializing in Home Purchase and Refi loans. Campus Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Baton Rouge, New Orleans, Shreveport, Monroe, and Lafayette among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Campus 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. Campus 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 relatively high 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 6.40% 12/16/24
    30 Year Conventional Refi 6.06% 12/16/24
    30 Year Cash-out Refi 6.83% 12/16/24
    15 Year Conventional Purchase 5.88% 12/16/24
    15 Year Conventional Refi 7.25% 12/16/24
    15 Year Cash-out Refi 7.25% 12/16/24
    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.

    Campus 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 Campus 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

    124

    Origination Dollar Volume (All Markets)

    $15,830,000

    Awards

    Campus Federal Credit Union 30 Year Conventional Loans gold Campus Federal Credit Union 30 Year Conventional Loans bronze
    Show all (2) awards

    Relative Rate

    Campus Federal Credit Union's average 30 year fixed mortgage rate was 6.26%.

    The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

    This yields a difference of -0.22%.

    Relative Fees (Closing Costs)

    Campus Federal Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $6,205.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

    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
    BATON ROUGE, LA (FHA|USDA|VA) 79 $10,105,000 $127,911 $2,757 7.23%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 22 $3,440,000 $156,364 $2,606 7.92%
    SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 16 $1,350,000 $84,375 $1,714 7.00%
    Outside of Metro Areas 3 $465,000 $155,000 $6,925 6.42%
    MONROE, LA (FHA|USDA|VA) 1 $285,000 $285,000 $8,729 5.50%
    LAFAYETTE, LA (FHA|USDA|VA) 2 $170,000 $85,000 $1,452 7.62%
    Opelousas, LA (FHA|USDA|VA) 1 $15,000 $15,000 $1,527 5.95%
    Campus Federal Credit Union's top markets include Baton Rouge, New Orleans, Shreveport, Monroe, and Lafayette among others.

    Their top states include:
  • Louisiana (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Campus Federal Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    JEFFERSON FINANCIAL
    Similarity Rank: 80
    GREATER NEW ORLEANS
    Similarity Rank: 100
    PIERREMONT MORTGAGE, INC.
    Similarity Rank: 132
    Campus Federal Credit Union
    Similarity Rank: 189
    Eureka Homestead
    Similarity Rank: 228
    KEESLER
    Similarity Rank: 231
    ESSENTIAL
    Similarity Rank: 304
    Home Federal Bank
    Similarity Rank: 340
    CARTER FEDERAL CREDIT UNION
    Similarity Rank: 391
    BARKSDALE
    Similarity Rank: 391

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 124 $15,830,000 $127,661 $2,720 7.29%

    For 2023, Campus Federal Credit Union's most frequently originated type of loan was Conventional, with 124 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 31 $6,555,000 $211,452 $6,533 6.28%
    Home Improvement 30 $1,520,000 $50,667 $1,120 7.59%
    Other 30 $1,690,000 $56,333 $1,206 8.17%
    Refi 25 $4,245,000 $169,800 $1,313 7.06%
    Cash Out Refi 8 $1,820,000 $227,500 $3,210 7.42%

    For 2023, Campus Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 31 originations. The 2nd most popular reason was Home Improvement, with 30 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 45 $4,635,000 $103,000 $1,699 7.79%
    30 Year 29 $7,025,000 $242,241 $6,205 6.26%
    10 Year 23 $1,245,000 $54,130 $1,331 7.62%
    Other 15 $1,685,000 $112,333 $1,186 7.26%
    5 Year 11 $1,155,000 $105,000 $1,197 7.35%
    3 Year 1 $85,000 $85,000 $1,402 6.20%

    For 2023, Campus Federal Credit Union's most frequently cited loan duration was 15 Year, with 45 originations. The 2nd most popular length was 30 Year, with 29 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 20 $3,530,000 $176,500
    $<1k 15 $2,055,000 $137,000
    $2k-3k 8 $2,910,000 $363,750
    $3k-4k 1 $445,000 $445,000
    $5k+ 1 $305,000 $305,000

    Campus Federal Credit Union's average total fees were $6,205, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 20 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    7-8% 45 $3,795,000 $84,333
    6-7% 37 $5,755,000 $155,541
    Over 8% 22 $1,400,000 $63,636
    5-6% 15 $3,765,000 $251,000
    4-5% 5 $1,115,000 $223,000

    During 2023, Campus Federal Credit Union's average interest rate for loans was 6.26%, while their most frequently originated rate bucket for loans was 7-8%, with 45 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 82 $4,260,000 $51,951 $1,364 7.69%
    $100k-200k 17 $2,325,000 $136,765 $4,474 6.85%
    $200k-400k 16 $4,440,000 $277,500 $6,815 6.26%
    $400k-600k 7 $3,185,000 $455,000 $7,258 6.27%
    $600k-1MM 2 $1,620,000 $810,000 $3,786 6.31%

    2023 saw Campus Federal Credit Union place emphasis on $100,000 or less loans with 82 originations, totaling $4,260,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 31 $4,615,000 $148,871 $2,329 7.48%
    $50k-75k 23 $1,795,000 $78,043 $2,411 7.08%
    $100k-150k 21 $3,065,000 $145,952 $3,507 7.02%
    $250k+ 16 $3,030,000 $189,375 $3,877 6.76%
    $75k-100k 15 $1,325,000 $88,333 $2,534 7.65%
    $50k or less 11 $635,000 $57,727 $1,757 7.98%

    Campus Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 31 originations. The second most popular income band? $50k-75k, with 23 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 25 $2,955,000 $118,200 $1,496 7.12%
    20-30% 20 $2,520,000 $126,000 $3,083 6.77%
    <20% 13 $1,495,000 $115,000 $3,247 6.74%
    44% 7 $585,000 $83,571 $1,607 6.96%
    45% 6 $480,000 $80,000 $1,868 7.50%
    46% 6 $560,000 $93,333 $2,614 7.79%
    38% 5 $405,000 $81,000 $1,714 7.23%
    36% 5 $955,000 $191,000 $5,997 6.80%
    41% 5 $535,000 $107,000 $3,107 8.31%
    49% 4 $750,000 $187,500 $5,786 8.33%
    40% 3 $125,000 $41,667 $1,771 9.16%
    37% 3 $215,000 $71,667 $2,439 7.48%
    50-60% 3 $515,000 $171,667 $4,817 8.12%
    48% 3 $335,000 $111,667 $3,020 7.42%
    47% 2 $210,000 $105,000 $1,817 9.52%
    >60% 1 $55,000 $55,000 $1,122 9.49%
    42% 1 $625,000 $625,000 $4,134 6.88%
    43% 1 $405,000 $405,000 $4,399 7.25%

    Campus Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 25 originations. The next most common DTI ratio? 20-30%, with 20 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 75 $8,415,000 $112,200 $2,070 7.29%
    Not provided 17 $3,905,000 $229,706 $6,084 6.45%
    Black 22 $1,460,000 $66,364 $1,275 8.04%
    Not applicable 7 $1,365,000 $195,000 $0 7.25%
    Other Asian 1 $425,000 $425,000 $11,613 6.50%
    Asian 2 $260,000 $130,000 $7,518 6.31%

    Approval Rates

    Total approvals of all applications
    87.93%

    Campus Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    78.23%

    Campus Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 124 $15,830,000 $127,661

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    124 $15,830,000 $127,661

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 29 $2,725,000 $93,966 $1,441 7.38%
    40-60% 8 $700,000 $87,500 $4,849 6.76%
    60-80% 24 $6,220,000 $259,167 $5,883 6.49%
    80-100% 13 $3,005,000 $231,154 $5,958 6.36%
    Over 100% 1 $995,000 $995,000 $3,439 5.75%
    Under 20% 48 $2,160,000 $45,000 $1,046 7.99%