Countryside Federal Credit Union Mortgage Rates, Fees & Info

East Syracuse, NY

LEI: 549300K74HMS2QKZU479

Tax ID: 15-0536972

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    Countryside Federal Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Countryside Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Syracuse, New York, Batavia, Indiana, and Utica among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Countryside Federal Credit Union has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders. Countryside 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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    Originations

    142

    Origination Dollar Volume (All Markets)

    $13,100,000

    Awards

    COUNTRYSIDE Federal Credit Union 30 Year Conventional Loans silver COUNTRYSIDE Federal Credit Union 30 Year Conventional Loans silver COUNTRYSIDE Federal Credit Union 30 Year Conventional Loans silver
    Show all (3) 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
    SYRACUSE, NY (FHA|USDA|VA) 105 $9,515,000 $90,619 $1,855 4.21%
    Outside of Metro Areas 33 $3,325,000 $100,758 $1,703 4.03%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $165,000 $165,000 $969 5.00%
    Batavia, NY (FHA|USDA|VA) 1 $65,000 $65,000 $3,145 3.50%
    Indiana, PA (FHA|USDA|VA) 1 $15,000 $15,000 $0 3.25%
    UTICA-ROME, NY (FHA|USDA|VA) 1 $15,000 $15,000 $0 3.25%
    Countryside Federal Credit Union's top markets include Syracuse, New York, Batavia, Indiana, and Utica among others.

    Their top states include:
  • New York (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Iowa (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against COUNTRYSIDE Federal Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    SECNY Federal Credit Union
    Similarity Rank: 44
    VISIONS
    Similarity Rank: 50
    Geddes Federal Savings and Loan Association
    Similarity Rank: 60
    COUNTRYSIDE Federal Credit Union
    Similarity Rank: 84
    SEFCU SERVICES, LLC
    Similarity Rank: 696
    AMERICU Credit Union
    Similarity Rank: 768
    The Lyons National Bank
    Similarity Rank: 800
    Empower Federal Credit Union
    Similarity Rank: 960
    NBT Bank
    Similarity Rank: 1026
    COMMONFUND MORTGAGE CORP.
    Similarity Rank: 1092

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 142 $13,100,000 $92,254 $1,825 4.15%

    For 2018, Countryside Federal Credit Union's most frequently originated type of loan was Conventional, with 142 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 93 $7,145,000 $76,828 $1,028 3.95%
    Home Purchase 42 $5,350,000 $127,381 $2,568 4.65%
    Other 4 $340,000 $85,000 $2,974 4.12%
    Refi 3 $265,000 $88,333 $1,404 3.75%

    For 2018, Countryside Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 93 originations. The 2nd most popular reason was Home Purchase, with 42 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 62 $6,510,000 $105,000 $1,933 4.62%
    5 Year 34 $870,000 $25,588 $183 3.34%
    10 Year 28 $1,790,000 $63,929 $1,697 3.84%
    30 Year 16 $3,470,000 $216,875 $2,476 4.59%
    20 Year 2 $460,000 $230,000 $1,189 4.44%

    For 2018, Countryside Federal Credit Union's most frequently cited loan duration was 15 Year, with 62 originations. The 2nd most popular length was 5 Year, with 34 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 78 $10,090,000 $129,359
    $1k-2k 3 $395,000 $131,667

    Countryside Federal Credit Union's average total fees were $2,476, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 78 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 74 $5,470,000 $73,919
    4-5% 47 $6,155,000 $130,957
    2.5-3% 9 $515,000 $57,222
    5-6% 6 $510,000 $85,000
    6-7% 6 $450,000 $75,000

    During 2018, Countryside Federal Credit Union's average interest rate for loans was 4.59%, while their most frequently originated rate bucket for loans was 3-4%, with 74 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 96 $4,310,000 $44,896 $1,312 4.09%
    $100k-200k 35 $4,875,000 $139,286 $2,315 4.32%
    $200k-400k 8 $1,970,000 $246,250 $1,545 4.11%
    $400k-600k 2 $1,010,000 $505,000 $2,432 4.38%
    $600k-1MM 1 $935,000 $935,000 $6,982 4.50%

    2018 saw Countryside Federal Credit Union place emphasis on $100,000 or less loans with 96 originations, totaling $4,310,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 35 $2,515,000 $71,857 $2,056 3.99%
    $50k-75k 30 $2,270,000 $75,667 $1,406 4.23%
    $75k-100k 22 $1,530,000 $69,545 $1,614 3.71%
    $150k-250k 21 $2,825,000 $134,524 $2,002 4.24%
    $50k or less 16 $830,000 $51,875 $1,224 3.99%
    $250k+ 10 $2,390,000 $239,000 $2,509 5.02%

    Countryside Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 35 originations. The second most popular income band? $50k-75k, with 30 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 51 $5,415,000 $106,176 $1,962 4.05%
    <20% 22 $1,500,000 $68,182 $944 4.49%
    30-36% 15 $1,455,000 $97,000 $1,872 4.14%
    42% 8 $940,000 $117,500 $2,447 3.91%
    39% 6 $700,000 $116,667 $2,776 4.08%
    50-60% 5 $415,000 $83,000 $1,107 4.55%
    40% 4 $210,000 $52,500 $1,579 3.69%
    37% 4 $300,000 $75,000 $2,206 4.03%
    41% 3 $305,000 $101,667 $3,256 4.13%
    38% 3 $165,000 $55,000 $1,269 4.08%
    43% 3 $235,000 $78,333 $1,335 4.08%
    44% 2 $50,000 $25,000 $0 3.50%
    46% 2 $80,000 $40,000 $260 4.12%
    >60% 2 $170,000 $85,000 $2,477 2.94%
    47% 1 $225,000 $225,000 $1,309 3.25%
    49% 1 $105,000 $105,000 $1,119 6.13%
    36% 1 $65,000 $65,000 $0 3.25%

    Countryside Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 51 originations. The next most common DTI ratio? <20%, with 22 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 125 $10,355,000 $82,840 $1,635 4.12%
    Asian 2 $1,160,000 $580,000 $6,982 4.25%
    Not applicable 9 $835,000 $92,778 $2,367 4.74%
    Not provided 3 $395,000 $131,667 $2,058 4.04%
    Chinese 1 $185,000 $185,000 $3,619 4.13%
    Black 1 $85,000 $85,000 $3,000 4.13%
    American Indian 1 $85,000 $85,000 $1,269 4.00%

    Approval Rates

    Total approvals of all applications
    89.53%

    Countryside Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.55%

    Countryside Federal Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 142 $13,100,000 $92,254

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $25,000 $25,000
    Single Family (1-4 Units):Site-Built 141 $13,075,000 $92,730

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 27 $1,745,000 $64,630 $1,169 4.15%
    40-60% 20 $1,780,000 $89,000 $1,451 3.98%
    60-80% 38 $6,690,000 $176,053 $2,345 4.35%
    80-100% 15 $1,725,000 $115,000 $2,473 4.50%
    Under 20% 41 $1,155,000 $28,171 $582 3.89%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    CountryPlace Acceptance Corporation FHA mortgage Trouble during payment process 1 50.0%
    CountryPlace Acceptance Corporation Other type of mortgage Struggling to pay mortgage 1 50.0%