Camc Federal Credit Union Mortgage Rates, Fees & Info

Charleston, WV

LEI: 54930086UI4O90IKYD43

Tax ID: 55-0573001

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Camc Federal Credit Union is a smaller credit union specializing in Home Improvement and Home Purchase loans. Camc Federal Credit Union has a high proportion of conventional loans. Their top two markets are Charleston and Huntington .

    Camc Federal Credit Union has an average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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    Originations

    35

    Origination Dollar Volume (All Markets)

    $2,135,000

    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
    CHARLESTON, WV (FHA|USDA|VA) 31 $1,905,000 $61,452 $0 0.00%
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 4 $230,000 $57,500 $0 0.00%
    Camc Federal Credit Union's top markets include Charleston and Huntington among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 32 $2,010,000 $62,813 $0 0.00%
    HELOC 3 $125,000 $41,667 n/a 0.00%

    For 2023, Camc Federal Credit Union's most frequently originated type of loan was Conventional, with 32 originations. Their 2nd most popular type was HELOC, with 3 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 17 $745,000 $43,824 $0 0.00%
    Other 8 $360,000 $45,000 $0 0.00%
    Cash Out Refi 5 $375,000 $75,000 $0 0.00%
    Home Purchase 4 $450,000 $112,500 $0 0.00%
    Refi 1 $205,000 $205,000 $0 0.00%

    For 2023, Camc Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 17 originations. The 2nd most popular reason was Other, with 8 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 35 $2,135,000 $61,000 $0 0.00%

    For 2023, Camc Federal Credit Union's most frequently cited loan duration was Other, with 35 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 30 $1,310,000 $43,667 $0 0.00%
    $100k-200k 3 $415,000 $138,333 $0 0.00%
    $200k-400k 2 $410,000 $205,000 $0 0.00%

    2023 saw Camc Federal Credit Union place emphasis on $100,000 or less loans with 30 originations, totaling $1,310,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 9 $425,000 $47,222 $0 0.00%
    $50k-75k 8 $410,000 $51,250 $0 0.00%
    $50k or less 7 $265,000 $37,857 $0 0.00%
    $75k-100k 7 $585,000 $83,571 $0 0.00%
    $150k-250k 4 $450,000 $112,500 $0 0.00%

    Camc Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 9 originations. The second most popular income band? $50k-75k, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 35 $2,135,000 $61,000 $0 0.00%

    Camc Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 35 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 33 $2,075,000 $62,879 $0 0.00%
    Black 2 $60,000 $30,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    72.00%

    Camc Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    97.14%

    Camc Federal Credit Union has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 35 $2,135,000 $61,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    35 $2,135,000 $61,000