Kelly Community Federal Credit Union Mortgage Rates, Fees & Info

Tyler, TX

LEI: 549300HQ25HXXXOWJ140

Tax ID: 75-1152746

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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, Jacksonville, Athens, Longview, and Dallas among others. We have data for 8 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.00% 12/16/24
    30 Year Conventional Refi 5.94% 12/16/24
    30 Year Cash-out Refi 6.31% 12/16/24
    15 Year Conventional Purchase 6.13% 12/16/24
    15 Year Conventional Refi 5.93% 12/16/24
    15 Year Cash-out Refi 5.93% 12/16/24
    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

    82

    Origination Dollar Volume (All Markets)

    $14,330,000

    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
    TYLER, TX (FHA|USDA|VA) 50 $8,240,000 $164,800 $4,240 3.62%
    Jacksonville, TX (FHA|USDA|VA) 8 $2,560,000 $320,000 $5,606 3.54%
    Outside of Metro Areas 8 $1,360,000 $170,000 $4,713 3.19%
    Athens, TX (FHA|USDA|VA) 6 $910,000 $151,667 $4,171 2.66%
    LONGVIEW, TX (FHA|USDA|VA) 4 $620,000 $155,000 $4,745 3.43%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 3 $235,000 $78,333 $3,825 3.32%
    Palestine, TX (FHA|USDA|VA) 2 $220,000 $110,000 $3,991 4.87%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $185,000 $185,000 $4,292 1.99%
    Kelly Community Federal Credit Union's top markets include Tyler, Jacksonville, Athens, Longview, and Dallas among others.

    Their top states include:
  • Texas (FHA|USDA|VA)
  • (FHA|USDA|VA)

    • 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.

    BTH Bank
    Similarity Rank: 220
    Texas Mortgage Lending, LLC
    Similarity Rank: 792
    KELLY COMMUNITY FEDERAL CREDIT UNION
    Similarity Rank: 832
    INTEGRITY MORTGAGE CORPORATION OF TEXAS
    Similarity Rank: 1092
    VeraBank
    Similarity Rank: 1376
    Austin Bank, Texas
    Similarity Rank: 1586
    Texas Bank and Trust Company
    Similarity Rank: 1656
    Southside Bank
    Similarity Rank: 2376
    ALTRA
    Similarity Rank: 4655
    GUARANTEED RATE AFFINITY, LLC
    Similarity Rank: 4830

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 82 $14,330,000 $174,756 $4,423 3.49%

    For 2021, Kelly Community Federal Credit Union's most frequently originated type of loan was Conventional, with 82 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 39 $5,385,000 $138,077 $3,889 4.21%
    Refi 28 $6,120,000 $218,571 $4,479 2.69%
    Home Purchase 15 $2,825,000 $188,333 $5,760 3.12%

    For 2021, Kelly Community Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 39 originations. The 2nd most popular reason was Refi, with 28 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 43 $9,865,000 $229,419 $5,537 3.27%
    Other 15 $1,945,000 $129,667 $3,166 2.84%
    15 Year 14 $1,510,000 $107,857 $3,521 4.47%
    20 Year 7 $895,000 $127,857 $3,216 3.70%
    10 Year 3 $115,000 $38,333 $1,830 4.74%

    For 2021, Kelly Community Federal Credit Union's most frequently cited loan duration was 30 Year, with 43 originations. The 2nd most popular length was Other, with 15 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 32 $4,120,000 $128,750
    $2k-3k 18 $3,750,000 $208,333
    $<1k 16 $890,000 $55,625
    $3k-4k 9 $2,875,000 $319,444
    $5k+ 3 $1,795,000 $598,333
    $4k-5k 2 $810,000 $405,000

    Kelly Community Federal Credit Union's average total fees were $5,537, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 32 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 24 $5,680,000 $236,667
    2.5-3% 20 $3,630,000 $181,500
    3-4% 17 $2,305,000 $135,588
    4-5% 11 $1,685,000 $153,182
    5-6% 6 $740,000 $123,333
    6-7% 2 $220,000 $110,000
    Over 8% 2 $70,000 $35,000

    During 2021, Kelly Community Federal Credit Union's average interest rate for loans was 3.27%, while their most frequently originated rate bucket for loans was <2.5%, with 24 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 35 $5,375,000 $153,571 $4,176 3.38%
    $100,000 or less 25 $1,585,000 $63,400 $2,618 4.18%
    $200k-400k 18 $5,160,000 $286,667 $6,567 2.97%
    $400k-600k 3 $1,445,000 $481,667 $9,745 2.49%
    $600k-1MM 1 $765,000 $765,000 $0 2.49%

    2021 saw Kelly Community Federal Credit Union place emphasis on $100k-200k loans with 35 originations, totaling $5,375,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 19 $1,925,000 $101,316 $3,719 3.85%
    $75k-100k 19 $2,925,000 $153,947 $4,195 3.28%
    $50k-75k 17 $2,215,000 $130,294 $3,591 3.84%
    $100k-150k 13 $2,575,000 $198,077 $5,041 3.25%
    $150k-250k 11 $3,405,000 $309,545 $6,523 2.84%
    $250k+ 3 $1,285,000 $428,333 $4,188 3.99%

    Kelly Community Federal Credit Union lent most frequently to those with incomes in the $50k or less range, with 19 originations. The second most popular income band? $75k-100k, with 19 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 22 $3,320,000 $150,909 $4,029 3.49%
    30-36% 18 $3,720,000 $206,667 $5,309 3.41%
    <20% 11 $1,725,000 $156,818 $3,993 3.35%
    39% 5 $565,000 $113,000 $3,819 3.87%
    40% 4 $490,000 $122,500 $4,022 2.77%
    36% 4 $510,000 $127,500 $4,195 3.80%
    41% 4 $610,000 $152,500 $4,102 3.74%
    42% 4 $780,000 $195,000 $6,187 4.87%
    43% 2 $350,000 $175,000 $2,168 2.37%
    48% 2 $280,000 $140,000 $4,780 4.24%
    37% 2 $860,000 $430,000 $1,456 3.12%
    38% 1 $255,000 $255,000 $5,715 2.49%
    44% 1 $155,000 $155,000 $3,994 3.49%
    47% 1 $295,000 $295,000 $6,980 3.24%
    45% 1 $415,000 $415,000 $8,213 2.24%

    Kelly Community Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 22 originations. The next most common DTI ratio? 30-36%, with 18 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 69 $12,305,000 $178,333 $4,413 3.47%
    Not provided 7 $1,455,000 $207,857 $5,077 3.19%
    Black 6 $570,000 $95,000 $3,639 4.12%

    Approval Rates

    Total approvals of all applications
    83.94%

    Kelly Community Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    59.76%

    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 82 $14,330,000 $174,756

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    82 $14,330,000 $174,756

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 13 $885,000 $68,077 $2,689 3.90%
    40-60% 11 $1,445,000 $131,364 $3,881 3.73%
    60-80% 36 $6,410,000 $178,056 $4,724 3.57%
    80-100% 20 $5,490,000 $274,500 $5,487 2.98%
    Under 20% 2 $100,000 $50,000 $1,910 2.99%