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 Cash Out Refi 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 a below average pick rate when compared to similar lenders.

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    Originations

    36

    Origination Dollar Volume (All Markets)

    $3,370,000

    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) 30 $2,590,000 $86,333 $0 0.00%
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 6 $780,000 $130,000 $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 31 $2,995,000 $96,613 $0 0.00%
    HELOC 5 $375,000 $75,000 n/a 0.00%

    For 2022, Camc Federal Credit Union's most frequently originated type of loan was Conventional, with 31 originations. Their 2nd most popular type was HELOC, with 5 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 11 $475,000 $43,182 $0 0.00%
    Cash Out Refi 10 $900,000 $90,000 $0 0.00%
    Home Purchase 9 $1,645,000 $182,778 $0 0.00%
    Other 5 $295,000 $59,000 $0 0.00%
    Refi 1 $55,000 $55,000 $0 0.00%

    For 2022, Camc Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 11 originations. The 2nd most popular reason was Cash Out Refi, with 10 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 36 $3,370,000 $93,611 $0 0.00%

    For 2022, Camc Federal Credit Union's most frequently cited loan duration was Other, with 36 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 23 $915,000 $39,783 $0 0.00%
    $100k-200k 9 $1,215,000 $135,000 $0 0.00%
    $200k-400k 4 $1,240,000 $310,000 $0 0.00%

    2022 saw Camc Federal Credit Union place emphasis on $100,000 or less loans with 23 originations, totaling $915,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 9 $785,000 $87,222 $0 0.00%
    $50k or less 8 $490,000 $61,250 $0 0.00%
    $100k-150k 7 $565,000 $80,714 $0 0.00%
    $75k-100k 5 $235,000 $47,000 $0 0.00%
    $50k-75k 4 $320,000 $80,000 $0 0.00%
    $250k+ 3 $975,000 $325,000 $0 0.00%

    Camc Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 9 originations. The second most popular income band? $50k or less, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 36 $3,370,000 $93,611 $0 0.00%

    Camc Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 36 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 35 $3,325,000 $95,000 $0 0.00%
    Black 1 $45,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    75.00%

    Camc Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    58.33%

    Camc Federal Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 36 $3,370,000 $93,611

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    36 $3,370,000 $93,611