Kelly Community Federal Credit Union Mortgage Rates, Fees & Info
Tyler, TXLEI: 549300HQ25HXXXOWJ140
Tax ID: 75-1152746
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Kelly Community Federal Credit Union is a smaller credit union specializing in Cash Out Refi and Refi loans. Kelly Community Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Tyler, Athens, Longview, Palestine, and Jacksonville among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Kelly Community Federal Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Kelly Community Federal Credit Union is typically an average 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.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.00% | 11/17/24 |
| 30 Year Conventional Refi | 5.94% | 11/17/24 |
| 30 Year Cash-out Refi | 6.31% | 11/17/24 |
| 15 Year Conventional Purchase | 6.13% | 11/17/24 |
| 15 Year Conventional Refi | 5.93% | 11/17/24 |
| 15 Year Cash-out Refi | 5.93% | 11/17/24 |
| 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. | ||
Kelly Community 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 Kelly Community 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
75Origination Dollar Volume (All Markets)
$14,995,000Top 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 |
|---|---|---|---|---|---|
| TYLER, TX (FHA|USDA|VA) | 54 | $11,570,000 | $214,259 | $4,987 | 3.85% |
| Athens, TX (FHA|USDA|VA) | 7 | $1,175,000 | $167,857 | $4,625 | 3.99% |
| LONGVIEW, TX (FHA|USDA|VA) | 4 | $760,000 | $190,000 | $5,011 | 4.12% |
| Outside of Metro Areas | 2 | $460,000 | $230,000 | $5,260 | 3.62% |
| Palestine, TX (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $5,750 | 3.74% |
| Jacksonville, TX (FHA|USDA|VA) | 3 | $335,000 | $111,667 | $3,222 | 3.32% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 3 | $255,000 | $85,000 | $2,834 | 5.20% |
Similar Lenders
We use machine learning to identify the top lenders compared against KELLY COMMUNITY FEDERAL CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 112
Similarity Rank: 363
Similarity Rank: 567
Similarity Rank: 1176
Similarity Rank: 1372
Similarity Rank: 1392
Similarity Rank: 3200
Similarity Rank: 3861
Similarity Rank: 5724
Similarity Rank: 6039
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 75 | $14,995,000 | $199,933 | $4,824 | 3.90% |
For 2020, Kelly Community Federal Credit Union's most frequently originated type of loan was Conventional, with 75 originations.
Loan Reason
For 2020, Kelly Community Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 38 originations. The 2nd most popular reason was Refi, with 24 originations.
Loan Duration/Length
For 2020, Kelly Community Federal Credit Union's most frequently cited loan duration was 30 Year, with 43 originations. The 2nd most popular length was 15 Year, with 14 originations.
Origination Fees/Closing Costs
Kelly Community Federal Credit Union's average total fees were $6,169, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 27 originations.
Interest Rates
During 2020, Kelly Community Federal Credit Union's average interest rate for loans was 3.60%, while their most frequently originated rate bucket for loans was 3-4%, with 39 originations.
Loan Sizing
2020 saw Kelly Community Federal Credit Union place emphasis on $100k-200k loans with 26 originations, totaling $3,980,000 in origination value.
Applicant Income
Kelly Community Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 28 originations. The second most popular income band? $50k-75k, with 20 originations.
Applicant Debt to Income Ratio
Kelly Community Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 19 originations. The next most common DTI ratio? 30-36%, with 14 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.43%
Kelly Community Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination65.33%
Kelly Community Federal Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 75 | $14,995,000 | $199,933 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 1 | $145,000 | $145,000 |
| Single Family (1-4 Units):Site-Built | 74 | $14,850,000 | $200,676 |