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 Refi, Cash Out Refi, and Home Purchase loans. Kelly Community Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Tyler, Athens, Palestine, Longview, and Jacksonville among others. We have data for 6 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 a low 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% 5/4/24
    30 Year Conventional Refi 5.94% 5/4/24
    30 Year Cash-out Refi 6.31% 5/4/24
    15 Year Conventional Purchase 6.13% 5/4/24
    15 Year Conventional Refi 5.93% 5/4/24
    15 Year Cash-out Refi 5.93% 5/4/24
    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

    80

    Origination Dollar Volume (All Markets)

    $19,880,000

    Awards

    KELLY COMMUNITY FEDERAL CREDIT UNION 30 Year Conventional Loans gold KELLY COMMUNITY FEDERAL CREDIT UNION 30 Year Conventional Loans silver
    Show all (2) awards

    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) 64 $15,900,000 $248,438 $4,695 4.28%
    Athens, TX (FHA|USDA|VA) 6 $1,420,000 $236,667 $1,776 5.56%
    Outside of Metro Areas 6 $1,350,000 $225,000 $4,929 4.51%
    Palestine, TX (FHA|USDA|VA) 1 $585,000 $585,000 $14,368 4.50%
    LONGVIEW, TX (FHA|USDA|VA) 2 $450,000 $225,000 $2,423 2.74%
    Jacksonville, TX (FHA|USDA|VA) 1 $175,000 $175,000 $5,596 3.62%
    Kelly Community Federal Credit Union's top markets include Tyler, Athens, Palestine, Longview, and Jacksonville 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.

    Telco Plus Credit Union
    Similarity Rank: 60
    KELLY COMMUNITY FEDERAL CREDIT UNION
    Similarity Rank: 180
    VeraBank
    Similarity Rank: 462
    Texas Bank and Trust Company
    Similarity Rank: 513
    Austin Bank, Texas
    Similarity Rank: 525
    TIB The Independent Bankersbank
    Similarity Rank: 594
    Texas Mortgage Lending, LLC
    Similarity Rank: 825
    Southside Bank
    Similarity Rank: 1363
    INTEGRITY MORTGAGE CORPORATION OF TEXAS
    Similarity Rank: 1876
    Prosperity Bank
    Similarity Rank: 2430

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 80 $19,880,000 $248,500 $4,597 4.35%

    For 2022, Kelly Community Federal Credit Union's most frequently originated type of loan was Conventional, with 80 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 32 $10,130,000 $316,563 $3,363 3.72%
    Cash Out Refi 26 $4,310,000 $165,769 $4,680 5.19%
    Home Purchase 19 $5,095,000 $268,158 $6,723 4.04%
    Other 3 $345,000 $115,000 $2,353 6.37%

    For 2022, Kelly Community Federal Credit Union's most frequently cited loan purpose was Refi, with 32 originations. The 2nd most popular reason was Cash Out Refi, with 26 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 54 $15,900,000 $294,444 $4,617 3.92%
    15 Year 7 $765,000 $109,286 $3,231 4.53%
    20 Year 7 $1,175,000 $167,857 $4,681 4.94%
    Other 7 $1,615,000 $230,714 $6,705 6.60%
    10 Year 5 $425,000 $85,000 $3,612 5.12%

    For 2022, Kelly Community Federal Credit Union's most frequently cited loan duration was 30 Year, with 54 originations. The 2nd most popular length was 15 Year, with 7 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 21 $4,425,000 $210,714
    $1k-2k 17 $2,325,000 $136,765
    $4k-5k 11 $4,585,000 $416,818
    $<1k 10 $1,070,000 $107,000
    $3k-4k 10 $3,180,000 $318,000
    $5k+ 5 $3,175,000 $635,000

    Kelly Community Federal Credit Union's average total fees were $4,617, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 21 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 29 $7,835,000 $270,172
    4-5% 19 $5,285,000 $278,158
    2.5-3% 11 $3,275,000 $297,727
    5-6% 8 $990,000 $123,750
    6-7% 4 $470,000 $117,500
    <2.5% 3 $1,175,000 $391,667
    7-8% 2 $180,000 $90,000
    Over 8% 2 $90,000 $45,000

    During 2022, Kelly Community Federal Credit Union's average interest rate for loans was 3.92%, while their most frequently originated rate bucket for loans was 3-4%, with 29 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 30 $8,490,000 $283,000 $5,163 3.95%
    $100k-200k 23 $3,615,000 $157,174 $4,656 4.25%
    $100,000 or less 13 $755,000 $58,077 $2,641 6.16%
    $400k-600k 12 $5,510,000 $459,167 $4,870 3.62%
    $600k-1MM 2 $1,510,000 $755,000 $4,554 3.75%

    2022 saw Kelly Community Federal Credit Union place emphasis on $200k-400k loans with 30 originations, totaling $8,490,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 19 $4,385,000 $230,789 $4,615 4.08%
    $150k-250k 17 $5,935,000 $349,118 $4,618 4.07%
    $50k-75k 17 $3,255,000 $191,471 $4,162 4.25%
    $100k-150k 16 $3,700,000 $231,250 $4,836 4.88%
    $50k or less 8 $970,000 $121,250 $3,462 5.14%
    $250k+ 3 $1,635,000 $545,000 $8,450 3.75%

    Kelly Community Federal Credit Union lent most frequently to those with incomes in the $75k-100k range, with 19 originations. The second most popular income band? $150k-250k, with 17 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 13 $3,265,000 $251,154 $3,550 4.11%
    30-36% 12 $2,530,000 $210,833 $4,843 4.58%
    36% 6 $1,600,000 $266,667 $3,046 4.12%
    42% 6 $1,310,000 $218,333 $5,793 4.79%
    37% 5 $665,000 $133,000 $3,185 4.12%
    38% 5 $1,095,000 $219,000 $4,908 4.97%
    41% 5 $1,085,000 $217,000 $3,661 4.14%
    <20% 4 $580,000 $145,000 $3,852 6.94%
    40% 4 $950,000 $237,500 $6,687 4.02%
    43% 4 $1,540,000 $385,000 $2,545 3.58%
    39% 3 $905,000 $301,667 $7,883 4.83%
    44% 2 $410,000 $205,000 $5,488 4.56%
    45% 2 $410,000 $205,000 $0 3.62%
    47% 2 $970,000 $485,000 $7,703 3.37%
    48% 2 $890,000 $445,000 $7,184 3.62%
    46% 1 $375,000 $375,000 $8,238 2.74%
    49% 1 $145,000 $145,000 $4,846 2.74%
    50-60% 1 $575,000 $575,000 $10,504 2.99%

    Kelly Community Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 13 originations. The next most common DTI ratio? 30-36%, with 12 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 71 $18,075,000 $254,577 $4,645 4.32%
    Black 8 $1,470,000 $183,750 $3,635 4.76%
    Not provided 1 $335,000 $335,000 $8,200 2.99%

    Approval Rates

    Total approvals of all applications
    81.54%

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

    Pick Rate

    Approvals leading to origination
    67.50%

    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
    3230.0 1 $295,000 $295,000
    NA 79 $19,585,000 $247,911

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    80 $19,880,000 $248,500

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 8 $950,000 $118,750 $2,625 5.76%
    40-60% 18 $3,480,000 $193,333 $3,960 4.46%
    60-80% 28 $8,490,000 $303,214 $5,182 4.11%
    80-100% 18 $5,740,000 $318,889 $5,149 3.83%
    Over 100% 3 $475,000 $158,333 $5,891 3.24%
    Under 20% 3 $165,000 $55,000 $2,910 6.45%