Carter Federal Credit Union Mortgage Rates, Fees & Info
Springhill, LALEI: 549300CKG3JGNHH34D61
Tax ID: 72-0476576
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Mortgage Data
Review & Overview
Carter Federal Credit Union is a smaller credit union specializing in Home Purchase and Refi loans. Carter Federal Credit Union has a high proportion of conventional loans. Carter Federal Credit Union has an average proportion of conventional loans. Their top markets by origination volume include: Shreveport, Lubbock, Hot Springs, Magnolia, and Minden among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)Carter Federal Credit Union has an above average approval rate when compared to the average across all lenders.
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Originations
57Origination Dollar Volume (All Markets)
$10,175,000Top 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 |
|---|---|---|---|---|---|
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 31 | $6,555,000 | $211,452 | $0 | 0.00% |
| Outside of Metro Areas | 6 | $960,000 | $160,000 | $0 | 0.00% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 0.00% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $0 | 0.00% |
| Magnolia, AR (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $0 | 0.00% |
| Minden, LA (FHA|USDA|VA) | 5 | $355,000 | $71,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| LEBANON, PA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| MONROE, LA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| FLORENCE, SC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| ALEXANDRIA, LA (FHA|USDA|VA) | 2 | $20,000 | $10,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against CARTER FEDERAL CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 35 | $7,615,000 | $217,571 | $0 | 0.00% |
| Conventional | 14 | $2,180,000 | $155,714 | $0 | 0.00% |
| HELOC | 8 | $380,000 | $47,500 | n/a | 0.00% |
For 2018, Carter Federal Credit Union's most frequently originated type of loan was Conventional, with 35 originations. Their 2nd most popular type was Conventional, with 14 originations.
Loan Reason
For 2018, Carter Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 28 originations. The 2nd most popular reason was Refi, with 19 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 57 | $10,175,000 | $178,509 | $0 | 0.00% |
For 2018, Carter Federal Credit Union's most frequently cited loan duration was Other, with 57 originations.
Loan Sizing
2018 saw Carter Federal Credit Union place emphasis on $100,000 or less loans with 23 originations, totaling $1,095,000 in origination value.
Applicant Income
Carter Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 11 originations. The second most popular income band? $50k or less, with 9 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 57 | $10,175,000 | $178,509 | $0 | 0.00% |
Carter Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 57 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.75%
Carter Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 57 | $10,175,000 | $178,509 |