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 loans. Carter Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Shreveport, Dallas, New Orleans, Los Angeles, and Minden among others. We have data for 23 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
162Origination Dollar Volume (All Markets)
$45,410,000Top 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) | 113 | $26,725,000 | $236,504 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 10 | $7,180,000 | $718,000 | $0 | 0.00% |
| Outside of Metro Areas | 7 | $2,525,000 | $360,714 | $0 | 0.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 2 | $2,170,000 | $1,085,000 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $1,105,000 | $1,105,000 | $0 | 0.00% |
| Minden, LA (FHA|USDA|VA) | 9 | $1,035,000 | $115,000 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $0 | 0.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $0 | 0.00% |
| Kingsville, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Natchitoches, LA (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 0.00% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| Hope, AR (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $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 | 162 | $45,410,000 | $280,309 | $0 | 0.00% |
For 2022, Carter Federal Credit Union's most frequently originated type of loan was Conventional, with 162 originations.
Loan Reason
For 2022, Carter Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 111 originations. The 2nd most popular reason was Cash Out Refi, with 22 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 162 | $45,410,000 | $280,309 | $0 | 0.00% |
For 2022, Carter Federal Credit Union's most frequently cited loan duration was Other, with 162 originations.
Loan Sizing
2022 saw Carter Federal Credit Union place emphasis on $200k-400k loans with 59 originations, totaling $16,405,000 in origination value.
Applicant Income
Carter Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 32 originations. The second most popular income band? $250k+, with 22 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 162 | $45,410,000 | $280,309 | $0 | 0.00% |
Carter Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 162 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.61%
Carter Federal Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 162 | $45,410,000 | $280,309 |