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, Miami, Berlin, Auburn, and Watertown among others. We have data for 8 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 a below 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

    105

    Origination Dollar Volume (All Markets)

    $10,675,000

    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
    SYRACUSE, NY (FHA|USDA|VA) 83 $7,725,000 $93,072 $1,979 3.92%
    Outside of Metro Areas 15 $1,955,000 $130,333 $1,990 3.95%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $410,000 $205,000 $2,279 2.94%
    Berlin, NH (FHA|USDA|VA) 1 $205,000 $205,000 $1,783 3.75%
    Auburn, NY (FHA|USDA|VA) 1 $175,000 $175,000 $1,329 3.50%
    WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) 1 $135,000 $135,000 $1,486 4.13%
    Rutland, VT (FHA|USDA|VA) 1 $55,000 $55,000 $0 3.25%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $15,000 $15,000 $0 3.99%
    Countryside Federal Credit Union's top markets include Syracuse, Miami, Berlin, Auburn, and Watertown among others.

    Their top states include:
  • New York (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)
  • Alabama (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: 32
    Geddes Federal Savings and Loan Association
    Similarity Rank: 108
    CCFCU FUNDING, LLC
    Similarity Rank: 270
    THE SUMMIT Federal Credit Union
    Similarity Rank: 377
    Pathfinder Bank
    Similarity Rank: 380
    COMMONFUND MORTGAGE CORP.
    Similarity Rank: 657
    VISIONS
    Similarity Rank: 675
    AMERICU Credit Union
    Similarity Rank: 828
    Empower Federal Credit Union
    Similarity Rank: 840
    SEFCU SERVICES, LLC
    Similarity Rank: 858

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 105 $10,675,000 $101,667 $1,941 3.89%

    For 2019, Countryside Federal Credit Union's most frequently originated type of loan was Conventional, with 105 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 68 $6,620,000 $97,353 $1,478 3.85%
    Home Purchase 27 $2,865,000 $106,111 $2,734 4.15%
    Other 4 $410,000 $102,500 $712 3.53%
    Refi 4 $570,000 $142,500 $1,815 3.28%
    Home Improvement 2 $210,000 $105,000 $1,329 3.75%

    For 2019, Countryside Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 68 originations. The 2nd most popular reason was Home Purchase, with 27 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 45 $5,005,000 $111,222 $2,257 4.12%
    10 Year 23 $2,335,000 $101,522 $1,606 3.74%
    5 Year 23 $925,000 $40,217 $477 3.38%
    30 Year 9 $1,865,000 $207,222 $2,113 4.29%
    3 Year 2 $40,000 $20,000 $150 4.75%
    20 Year 2 $380,000 $190,000 $2,524 3.69%
    Other 1 $125,000 $125,000 $1,206 4.50%

    For 2019, Countryside Federal Credit Union's most frequently cited loan duration was 15 Year, with 45 originations. The 2nd most popular length was 10 Year, with 23 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 60 $7,280,000 $121,333
    $1k-2k 8 $1,110,000 $138,750

    Countryside Federal Credit Union's average total fees were $2,113, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 60 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 58 $4,540,000 $78,276
    4-5% 23 $3,225,000 $140,217
    2.5-3% 15 $2,365,000 $157,667
    6-7% 5 $115,000 $23,000
    5-6% 4 $430,000 $107,500

    During 2019, Countryside Federal Credit Union's average interest rate for loans was 4.29%, while their most frequently originated rate bucket for loans was 3-4%, with 58 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 64 $3,150,000 $49,219 $1,581 3.97%
    $100k-200k 28 $4,070,000 $145,357 $2,445 3.77%
    $200k-400k 12 $3,050,000 $254,167 $1,941 3.69%
    $400k-600k 1 $405,000 $405,000 $1,628 5.00%

    2019 saw Countryside Federal Credit Union place emphasis on $100,000 or less loans with 64 originations, totaling $3,150,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 32 $3,300,000 $103,125 $1,956 4.02%
    $50k-75k 20 $910,000 $45,500 $1,104 3.82%
    $75k-100k 17 $1,675,000 $98,529 $1,966 3.51%
    $250k+ 13 $2,075,000 $159,615 $2,377 4.19%
    $50k or less 10 $670,000 $67,000 $1,754 4.00%
    $150k-250k 9 $1,635,000 $181,667 $1,975 3.62%

    Countryside Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 32 originations. The second most popular income band? $50k-75k, with 20 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 34 $3,340,000 $98,235 $1,883 3.69%
    <20% 15 $1,765,000 $117,667 $2,286 3.84%
    30-36% 13 $1,805,000 $138,846 $2,402 4.48%
    43% 6 $680,000 $113,333 $1,628 3.79%
    37% 5 $255,000 $51,000 $1,666 3.28%
    42% 5 $245,000 $49,000 $1,218 4.17%
    40% 4 $290,000 $72,500 $1,288 3.62%
    39% 4 $600,000 $150,000 $2,577 4.60%
    38% 3 $365,000 $121,667 $1,815 3.58%
    50-60% 3 $245,000 $81,667 $754 3.58%
    36% 2 $110,000 $55,000 $0 4.62%
    41% 2 $280,000 $140,000 $1,293 3.93%
    44% 1 $15,000 $15,000 $443 3.25%
    46% 1 $85,000 $85,000 $1,265 3.00%
    48% 1 $45,000 $45,000 $574 4.99%

    Countryside Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 34 originations. The next most common DTI ratio? <20%, with 15 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 97 $9,515,000 $98,093 $1,846 3.90%
    Not applicable 5 $495,000 $99,000 $2,980 4.23%
    Not provided 2 $480,000 $240,000 $2,091 3.50%
    Asian 1 $185,000 $185,000 $2,274 2.75%

    Approval Rates

    Total approvals of all applications
    84.91%

    Countryside Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    77.14%

    Countryside Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 105 $10,675,000 $101,667

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $185,000 $185,000
    Single Family (1-4 Units):Site-Built 104 $10,490,000 $100,865

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 18 $1,240,000 $68,889 $1,004 4.00%
    40-60% 17 $2,105,000 $123,824 $1,386 3.74%
    60-80% 34 $5,090,000 $149,706 $2,476 3.78%
    80-100% 10 $1,480,000 $148,000 $2,590 4.39%
    Over 100% 1 $105,000 $105,000 $3,282 3.88%
    Under 20% 25 $655,000 $26,200 $598 3.88%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    CountryPlace Acceptance Corporation FHA mortgage Trouble during payment process 2 28.6%
    CountryPlace Acceptance Corporation Conventional home mortgage Trouble during payment process 3 42.9%
    CountryPlace Acceptance Corporation FHA mortgage Closing on a mortgage 1 14.3%
    CountryPlace Acceptance Corporation FHA mortgage Struggling to pay mortgage 1 14.3%