Duke University Federal Credit Union Mortgage Rates, Fees & Info

Durham, NC

LEI: 549300C04W4R4VGWRT26

Tax ID: 56-1632379

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

    Duke University Federal Credit Union is a smaller credit union specializing in Cash Out Refi and Refi loans. Duke University Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Durham, Raleigh, Wilmington, Burlington, and Pinehurst among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

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

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.56% 12/16/24
    30 Year Conventional Refi 6.53% 12/16/24
    30 Year Cash-out Refi 6.87% 12/16/24
    15 Year Conventional Refi 6.10% 12/16/24
    15 Year Cash-out Refi 6.10% 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.

    Duke University 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 Duke University 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

    97

    Origination Dollar Volume (All Markets)

    $12,915,000

    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
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 76 $10,480,000 $137,895 $4,561 3.56%
    RALEIGH-CARY, NC (FHA|USDA|VA) 11 $1,195,000 $108,636 $3,044 3.93%
    WILMINGTON, NC (FHA|USDA|VA) 2 $390,000 $195,000 $6,584 3.19%
    BURLINGTON, NC (FHA|USDA|VA) 3 $305,000 $101,667 $3,877 3.46%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $175,000 $175,000 $4,225 2.38%
    ASHEVILLE, NC (FHA|USDA|VA) 1 $125,000 $125,000 $0 3.50%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $105,000 $105,000 $3,665 3.13%
    Outside of Metro Areas 1 $95,000 $95,000 $3,472 3.38%
    GOLDSBORO, NC (FHA|USDA|VA) 1 $45,000 $45,000 $0 4.00%
    Duke University Federal Credit Union's top markets include Durham, Raleigh, Wilmington, Burlington, and Pinehurst among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against DUKE UNIVERSITY FEDERAL CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Third Federal Savings and Loan Association of Cleveland
    Similarity Rank: 696
    American National Bank and Trust Company
    Similarity Rank: 1980
    FIRST EQUITY MORTGAGE INCORPORATED
    Similarity Rank: 1989
    DUKE UNIVERSITY FEDERAL CREDIT UNION
    Similarity Rank: 2241
    CAPITAL CENTER, L.L.C.
    Similarity Rank: 2640
    M/I FINANCIAL, LLC
    Similarity Rank: 3718
    North State Bank
    Similarity Rank: 3774
    American Security Mortgage Corp.
    Similarity Rank: 3870
    Corporate Investors Mortgage Group, Inc.
    Similarity Rank: 4181
    Allen Tate Mortgage Partners, LLC
    Similarity Rank: 4290

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 59 $10,875,000 $184,322 $4,369 3.00%
    HELOC 38 $2,040,000 $53,684 n/a 4.48%

    For 2021, Duke University Federal Credit Union's most frequently originated type of loan was Conventional, with 59 originations. Their 2nd most popular type was HELOC, with 38 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 38 $2,020,000 $53,158 $0 4.46%
    Cash Out Refi 24 $4,710,000 $196,250 $4,334 3.10%
    Refi 21 $3,635,000 $173,095 $4,477 2.92%
    Home Purchase 9 $1,595,000 $177,222 $4,285 3.11%
    Other 5 $955,000 $191,000 $4,300 2.85%

    For 2021, Duke University Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 38 originations. The 2nd most popular reason was Cash Out Refi, with 24 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 58 $6,220,000 $107,241 $4,394 3.66%
    30 Year 16 $3,300,000 $206,250 $4,539 3.35%
    20 Year 13 $2,525,000 $194,231 $4,113 3.20%
    10 Year 10 $870,000 $87,000 $4,372 3.96%

    For 2021, Duke University Federal Credit Union's most frequently cited loan duration was 15 Year, with 58 originations. The 2nd most popular length was 30 Year, with 16 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 24 $4,230,000 $176,250
    $1k-2k 15 $1,595,000 $106,333
    $3k-4k 9 $2,315,000 $257,222
    $4k-5k 6 $2,070,000 $345,000
    $<1k 2 $460,000 $230,000

    Duke University Federal Credit Union's average total fees were $4,539, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 24 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 46 $5,160,000 $112,174
    2.5-3% 19 $3,665,000 $192,895
    <2.5% 18 $3,110,000 $172,778
    4-5% 10 $870,000 $87,000
    7-8% 3 $65,000 $21,667
    Over 8% 1 $45,000 $45,000

    During 2021, Duke University Federal Credit Union's average interest rate for loans was 3.35%, while their most frequently originated rate bucket for loans was 3-4%, with 46 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 38 $1,710,000 $45,000 $3,057 4.42%
    $100k-200k 37 $5,145,000 $139,054 $3,877 3.02%
    $200k-400k 22 $6,060,000 $275,455 $5,278 3.07%

    2021 saw Duke University Federal Credit Union place emphasis on $100,000 or less loans with 38 originations, totaling $1,710,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 28 $4,330,000 $154,643 $4,900 3.50%
    $75k-100k 22 $2,450,000 $111,364 $3,921 3.66%
    $150k-250k 16 $2,300,000 $143,750 $4,738 4.17%
    $50k or less 14 $1,320,000 $94,286 $3,803 3.66%
    $50k-75k 12 $1,700,000 $141,667 $4,056 2.66%
    $250k+ 5 $815,000 $163,000 $7,170 3.75%

    Duke University Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 28 originations. The second most popular income band? $75k-100k, with 22 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 36 $4,560,000 $126,667 $4,137 3.32%
    <20% 18 $2,490,000 $138,333 $4,663 3.82%
    30-36% 17 $2,495,000 $146,765 $4,910 3.91%
    36% 5 $575,000 $115,000 $4,227 3.43%
    40% 4 $130,000 $32,500 $0 4.19%
    43% 4 $720,000 $180,000 $4,182 3.13%
    41% 3 $515,000 $171,667 $4,885 3.50%
    39% 2 $140,000 $70,000 $3,667 4.81%
    42% 2 $390,000 $195,000 $6,388 3.31%
    37% 2 $210,000 $105,000 $4,063 3.00%
    44% 2 $340,000 $170,000 $4,223 3.44%
    49% 1 $125,000 $125,000 $0 3.50%
    46% 1 $225,000 $225,000 $4,974 2.75%

    Duke University Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 36 originations. The next most common DTI ratio? <20%, with 18 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 63 $8,565,000 $135,952 $4,298 3.48%
    Black 22 $2,810,000 $127,727 $4,561 3.77%
    Not provided 7 $1,255,000 $179,286 $4,518 3.27%
    Asian 4 $240,000 $60,000 $3,526 4.59%
    American Indian 1 $45,000 $45,000 $0 4.00%

    Approval Rates

    Total approvals of all applications
    90.07%

    Duke University Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    72.16%

    Duke University Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 97 $12,915,000 $133,144

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    97 $12,915,000 $133,144

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 17 $1,365,000 $80,294 $3,483 4.33%
    40-60% 21 $3,265,000 $155,476 $4,119 2.79%
    60-80% 24 $5,160,000 $215,000 $4,957 2.99%
    80-100% 10 $2,150,000 $215,000 $3,994 3.43%
    Under 20% 25 $975,000 $39,000 $0 4.36%