Kimberly Clark Credit Union Mortgage Rates, Fees & Info
MEMPHIS, TNLEI: 549300E2M6ARLW1BIM58
Tax ID: 62-0497719
Latest/2024 | 2023 Data | 2022 Data | 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.
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Originations
39Origination Dollar Volume (All Markets)
$6,075,000Top 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 |
|---|---|---|---|---|---|
| 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% |
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
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
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
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
2022 saw Kimberly Clark Credit Union place emphasis on $100k-200k loans with 16 originations, totaling $2,440,000 in origination value.
Applicant Income
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
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 applications100.00%
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 originationPoints 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 |