Kimberly Clark Credit Union Mortgage Rates, Fees & Info

MEMPHIS, TN

LEI: 549300E2M6ARLW1BIM58

Tax ID: 62-0497719

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

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Mortgage Data

Review & Overview

Kimberly Clark Credit Union is a smaller credit union specializing in Cash Out Refi loans. Kimberly Clark Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Memphis, Cleveland, Corinth, Huntsville, and Knoxville among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

Kimberly Clark Credit Union has an above average approval rate when compared to the average across all lenders.

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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
15 Year Conventional Purchase 6.30% 3/24/24
15 Year Conventional Refi 5.71% 3/24/24
15 Year Cash-out Refi 5.71% 3/24/24
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.

Kimberly Clark Credit Union Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Kimberly Clark 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

39

Origination Dollar Volume (All Markets)

$6,075,000

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
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 19 $2,855,000 $150,263 $0 4.34%
Outside of Metro Areas 4 $530,000 $132,500 $0 4.24%
CLEVELAND, TN (FHA|USDA|VA) 1 $505,000 $505,000 $0 3.99%
Corinth, MS (FHA|USDA|VA) 2 $410,000 $205,000 $0 3.74%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $285,000 $285,000 $0 3.49%
KNOXVILLE, TN (FHA|USDA|VA) 2 $260,000 $130,000 $0 3.99%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $245,000 $245,000 $0 5.49%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 2 $200,000 $100,000 $0 3.18%
Brownsville, TN (FHA|USDA|VA) 1 $195,000 $195,000 $0 3.99%
DECATUR, AL (FHA|USDA|VA) 1 $165,000 $165,000 $0 3.49%
Batesville, AR (FHA|USDA|VA) 1 $155,000 $155,000 $0 3.49%
MOBILE, AL (FHA|USDA|VA) 2 $150,000 $75,000 $0 5.24%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 2 $120,000 $60,000 $0 4.74%
Kimberly Clark Credit Union's top markets include Memphis, Cleveland, Corinth, Huntsville, and Knoxville among others.

Their top states include:
  • Tennessee (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 39 $6,075,000 $155,769 $0 4.23%

    For 2022, Kimberly Clark Credit Union's most frequently originated type of loan was Conventional, with 39 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 22 $3,960,000 $180,000 $0 4.08%
    Other 9 $645,000 $71,667 $0 5.21%
    Refi 5 $865,000 $173,000 $0 2.99%
    Home Purchase 3 $605,000 $201,667 $0 4.49%

    For 2022, Kimberly Clark Credit Union's most frequently cited loan purpose was Cash Out Refi, with 22 originations. The 2nd most popular reason was Other, with 9 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 22 $3,800,000 $172,727 $0 3.81%
    20 Year 8 $1,800,000 $225,000 $0 5.18%
    Other 6 $250,000 $41,667 $0 4.32%
    10 Year 3 $225,000 $75,000 $0 4.66%

    For 2022, Kimberly Clark Credit Union's most frequently cited loan duration was 15 Year, with 22 originations. The 2nd most popular length was 20 Year, with 8 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 23 $2,145,000 $93,261
    $1k-2k 14 $2,960,000 $211,429
    $2k-3k 2 $970,000 $485,000

    Kimberly Clark Credit Union's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 23 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 11 $2,045,000 $185,909
    5-6% 10 $1,270,000 $127,000
    2.5-3% 8 $1,350,000 $168,750
    4-5% 7 $1,255,000 $179,286
    <2.5% 2 $120,000 $60,000
    6-7% 1 $35,000 $35,000

    During 2022, Kimberly Clark Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 3-4%, with 11 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 16 $2,440,000 $152,500 $0 4.01%
    $100,000 or less 13 $705,000 $54,231 $0 4.64%
    $200k-400k 8 $1,960,000 $245,000 $0 4.02%
    $400k-600k 2 $970,000 $485,000 $0 4.24%

    2022 saw Kimberly Clark Credit Union place emphasis on $100k-200k loans with 16 originations, totaling $2,440,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 17 $2,705,000 $159,118 $0 4.09%
    $150k-250k 7 $1,175,000 $167,857 $0 4.19%
    $50k-75k 5 $635,000 $127,000 $0 4.69%
    $75k-100k 5 $805,000 $161,000 $0 4.06%
    $50k or less 3 $145,000 $48,333 $0 4.66%
    $250k+ 1 $505,000 $505,000 $0 3.99%

    Kimberly Clark Credit Union lent most frequently to those with incomes in the $100k-150k range, with 17 originations. The second most popular income band? $150k-250k, with 7 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 9 $1,115,000 $123,889 $0 3.34%
    30-36% 9 $2,015,000 $223,889 $0 4.55%
    20-30% 7 $945,000 $135,000 $0 4.79%
    36% 3 $425,000 $141,667 $0 5.32%
    41% 3 $565,000 $188,333 $0 3.99%
    39% 2 $400,000 $200,000 $0 4.49%
    48% 1 $65,000 $65,000 $0 2.99%
    37% 1 $215,000 $215,000 $0 2.75%
    38% 1 $45,000 $45,000 $0 4.49%
    40% 1 $155,000 $155,000 $0 5.49%
    42% 1 $25,000 $25,000 $0 3.49%

    Kimberly Clark Credit Union lent most frequently to those with DTI ratios of <20%, with 9 originations. The next most common DTI ratio? 30-36%, with 9 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 28 $4,160,000 $148,571 $0 4.13%
    Black 10 $1,830,000 $183,000 $0 4.40%
    Not provided 1 $85,000 $85,000 $0 5.49%

    Approval Rates

    Total approvals of all applications
    100.00%

    Kimberly Clark 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 origination

    Points and Fees

    Points Originations Total Value Average Loan
    1195.0 1 $155,000 $155,000
    1280.0 1 $105,000 $105,000
    1295.0 1 $125,000 $125,000
    1295.6 1 $85,000 $85,000
    1313.0 1 $195,000 $195,000
    1332.32 1 $245,000 $245,000
    1425.0 1 $65,000 $65,000
    1429.75 1 $175,000 $175,000
    1456.0 1 $95,000 $95,000
    1528.51 1 $155,000 $155,000
    1565.9 1 $105,000 $105,000
    1595.0 2 $270,000 $135,000
    1695.0 1 $215,000 $215,000
    1774.8 1 $65,000 $65,000
    1794.0 1 $35,000 $35,000
    1926.45 1 $35,000 $35,000
    1974.0 1 $25,000 $25,000
    2080.0 1 $35,000 $35,000
    2094.0 1 $55,000 $55,000
    2210.0 1 $285,000 $285,000
    2220.0 1 $65,000 $65,000
    2229.0 1 $195,000 $195,000
    2391.0 1 $465,000 $465,000
    2522.5 1 $45,000 $45,000
    2534.0 1 $55,000 $55,000
    2710.0 1 $245,000 $245,000
    2731.2 1 $195,000 $195,000
    2750.6 1 $155,000 $155,000
    3144.7 1 $505,000 $505,000
    3308.37 1 $215,000 $215,000
    3315.0 1 $125,000 $125,000
    3482.0 1 $285,000 $285,000
    3800.0 1 $145,000 $145,000
    3811.5 1 $165,000 $165,000
    5050.18 1 $255,000 $255,000
    5078.0 1 $215,000 $215,000
    875.96 1 $45,000 $45,000
    NA 1 $175,000 $175,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    39 $6,075,000 $155,769

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 6 $490,000 $81,667 $0 4.82%
    40-60% 6 $750,000 $125,000 $0 4.05%
    60-80% 13 $2,655,000 $204,231 $0 4.10%
    80-100% 9 $1,905,000 $211,667 $0 3.96%
    Under 20% 5 $275,000 $55,000 $0 4.59%