Comtrust Federal Credit Union Mortgage Rates, Fees & Info
Chattanooga, TNLEI: 549300LPUM7IN7IW1J32
Tax ID: 62-0459289
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Comtrust Federal Credit Union is a smaller credit union specializing in Cash Out Refi and Refi loans. Comtrust Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Chattanooga, Hartford, Philadelphia, Dalton, and Springfield among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Comtrust 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.
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.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
54Origination Dollar Volume (All Markets)
$4,730,000Top 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 |
|---|---|---|---|---|---|
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 31 | $2,505,000 | $80,806 | $2,218 | 4.78% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 14 | $1,260,000 | $90,000 | $1,410 | 4.72% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $5,218 | 5.25% |
| DALTON, GA (FHA|USDA|VA) | 5 | $315,000 | $63,000 | $2,733 | 5.04% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $2,274 | 4.49% |
| CLEVELAND, TN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 4.99% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 35 | $3,525,000 | $100,714 | $1,971 | 4.66% |
| HELOC | 19 | $1,205,000 | $63,421 | n/a | 5.03% |
For 2018, Comtrust Federal Credit Union's most frequently originated type of loan was Conventional, with 35 originations. Their 2nd most popular type was HELOC, with 19 originations.
Loan Reason
For 2018, Comtrust Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 22 originations. The 2nd most popular reason was Refi, with 12 originations.
Loan Duration/Length
For 2018, Comtrust Federal Credit Union's most frequently cited loan duration was Other, with 22 originations. The 2nd most popular length was 10 Year, with 20 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 13 | $915,000 | $70,385 |
| $1k-2k | 9 | $1,365,000 | $151,667 |
| $2k-3k | 1 | $205,000 | $205,000 |
| $3k-4k | 1 | $405,000 | $405,000 |
Comtrust Federal Credit Union's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 13 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 38 | $2,340,000 | $61,579 |
| 3-4% | 10 | $1,230,000 | $123,000 |
| 5-6% | 6 | $1,160,000 | $193,333 |
During 2018, Comtrust Federal Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 38 originations.
Loan Sizing
2018 saw Comtrust Federal Credit Union place emphasis on $100,000 or less loans with 38 originations, totaling $2,030,000 in origination value.
Applicant Income
Comtrust Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 14 originations. The second most popular income band? $50k-75k, with 12 originations.
Applicant Debt to Income Ratio
Comtrust Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 22 originations. The next most common DTI ratio? <20%, with 12 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications81.01%
Comtrust Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination83.33%
Comtrust Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 54 | $4,730,000 | $87,593 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 54 | $4,730,000 | $87,593 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| CENTRAL BANC MORTGAGE CORPORATION | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |