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, Cape Coral, Ogdensburg, Auburn, and Buffalo among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Countryside Federal Credit Union has an above 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

    143

    Origination Dollar Volume (All Markets)

    $18,005,000

    Awards

    COUNTRYSIDE Federal Credit Union 30 Year Conventional Loans gold COUNTRYSIDE Federal Credit Union 30 Year Conventional Loans bronze
    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
    SYRACUSE, NY (FHA|USDA|VA) 105 $13,095,000 $124,714 $1,518 3.57%
    Outside of Metro Areas 29 $3,485,000 $120,172 $1,842 3.57%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $305,000 $305,000 $2,709 2.75%
    Ogdensburg-Massena, NY (FHA|USDA|VA) 1 $295,000 $295,000 $4,657 3.38%
    Auburn, NY (FHA|USDA|VA) 2 $240,000 $120,000 $1,767 3.25%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 1 $185,000 $185,000 $3,546 4.13%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $175,000 $175,000 $2,684 3.00%
    WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) 1 $115,000 $115,000 $1,538 2.75%
    BINGHAMTON, NY (FHA|USDA|VA) 1 $75,000 $75,000 $0 4.99%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $35,000 $35,000 $0 4.25%
    Countryside Federal Credit Union's top markets include Syracuse, Cape Coral, Ogdensburg, Auburn, and Buffalo among others.

    Their top states include:
  • New York (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Vermont (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • California (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: 165
    THE SUMMIT Federal Credit Union
    Similarity Rank: 304
    COUNTRYSIDE Federal Credit Union
    Similarity Rank: 310
    Geddes Federal Savings and Loan Association
    Similarity Rank: 315
    NORTHERN CREDIT UNION
    Similarity Rank: 387
    COMMONFUND MORTGAGE CORP.
    Similarity Rank: 640
    CCFCU FUNDING, LLC
    Similarity Rank: 672
    VISIONS
    Similarity Rank: 816
    Berkshire Bank
    Similarity Rank: 1035
    SEFCU SERVICES, LLC
    Similarity Rank: 1134

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 143 $18,005,000 $125,909 $1,634 3.57%

    For 2020, Countryside Federal Credit Union's most frequently originated type of loan was Conventional, with 143 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 89 $10,795,000 $121,292 $1,174 3.58%
    Home Purchase 36 $5,200,000 $144,444 $2,863 3.54%
    Other 10 $1,100,000 $110,000 $743 3.66%
    Refi 7 $875,000 $125,000 $1,823 3.20%
    Home Improvement 1 $35,000 $35,000 $0 4.99%

    For 2020, Countryside Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 89 originations. The 2nd most popular reason was Home Purchase, with 36 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 46 $5,450,000 $118,478 $1,826 3.75%
    30 Year 34 $6,680,000 $196,471 $2,651 3.38%
    10 Year 27 $2,375,000 $87,963 $768 3.67%
    5 Year 17 $625,000 $36,765 $40 3.63%
    20 Year 14 $2,190,000 $156,429 $1,869 3.24%
    Other 5 $685,000 $137,000 $1,528 3.23%

    For 2020, Countryside Federal Credit Union's most frequently cited loan duration was 15 Year, with 46 originations. The 2nd most popular length was 30 Year, with 34 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 126 $15,910,000 $126,270
    $1k-2k 10 $1,580,000 $158,000
    $2k-3k 1 $225,000 $225,000

    Countryside Federal Credit Union's average total fees were $2,651, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 126 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 89 $11,325,000 $127,247
    2.5-3% 29 $4,705,000 $162,241
    4-5% 20 $1,870,000 $93,500
    5-6% 5 $105,000 $21,000

    During 2020, Countryside Federal Credit Union's average interest rate for loans was 3.38%, while their most frequently originated rate bucket for loans was 3-4%, with 89 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 65 $3,285,000 $50,538 $950 3.91%
    $100k-200k 56 $8,250,000 $147,321 $2,175 3.24%
    $200k-400k 18 $4,720,000 $262,222 $2,085 3.39%
    $400k-600k 4 $1,750,000 $437,500 $2,997 3.34%

    2020 saw Countryside Federal Credit Union place emphasis on $100,000 or less loans with 65 originations, totaling $3,285,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 49 $6,015,000 $122,755 $1,323 3.65%
    $50k-75k 28 $2,720,000 $97,143 $1,536 3.62%
    $150k-250k 24 $3,760,000 $156,667 $1,757 3.28%
    $75k-100k 20 $1,880,000 $94,000 $1,417 3.57%
    $250k+ 13 $2,785,000 $214,231 $2,601 3.52%
    $50k or less 4 $380,000 $95,000 $2,113 3.78%

    Countryside Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 49 originations. The second most popular income band? $50k-75k, with 28 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 51 $6,815,000 $133,627 $1,830 3.56%
    <20% 23 $2,805,000 $121,957 $1,608 3.39%
    30-36% 22 $2,900,000 $131,818 $1,307 3.65%
    38% 6 $650,000 $108,333 $1,935 3.15%
    40% 5 $695,000 $139,000 $1,332 3.65%
    36% 5 $985,000 $197,000 $1,486 3.60%
    37% 5 $355,000 $71,000 $1,581 3.50%
    41% 5 $585,000 $117,000 $1,045 4.07%
    42% 4 $270,000 $67,500 $784 3.84%
    43% 3 $585,000 $195,000 $1,593 3.58%
    39% 3 $275,000 $91,667 $1,014 3.29%
    50-60% 2 $230,000 $115,000 $1,449 3.63%
    44% 2 $230,000 $115,000 $3,527 3.50%
    49% 1 $15,000 $15,000 $154 4.25%

    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 23 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 131 $16,745,000 $127,824 $1,600 3.57%
    Not provided 4 $610,000 $152,500 $2,060 3.25%
    Not applicable 6 $560,000 $93,333 $2,777 3.75%
    Asian 2 $90,000 $45,000 $0 3.25%

    Approval Rates

    Total approvals of all applications
    90.86%

    Countryside Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.82%

    Countryside Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 143 $18,005,000 $125,909

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 2 $80,000 $40,000
    Single Family (1-4 Units):Site-Built 141 $17,925,000 $127,128

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 17 $1,255,000 $73,824 $1,128 3.65%
    40-60% 22 $2,930,000 $133,182 $1,807 3.19%
    60-80% 54 $9,420,000 $174,444 $2,056 3.39%
    80-100% 21 $3,635,000 $173,095 $2,871 3.54%
    Under 20% 29 $765,000 $26,379 $64 4.16%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    CountryPlace Acceptance Corporation FHA mortgage Trouble during payment process 3 50.0%
    CountryPlace Acceptance Corporation Conventional home mortgage Struggling to pay mortgage 1 16.7%
    CountryPlace Acceptance Corporation Conventional home mortgage Trouble during payment process 1 16.7%
    CountryPlace Acceptance Corporation Conventional home mortgage Closing on a mortgage 1 16.7%