Capital Communications Federal Credit Union Mortgage Rates, Fees & Info

Albany, NY

LEI: 549300RUF3KS47ETXV22

Tax ID: 14-1407700

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
  • 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

    Capital Communications Federal Credit Union is a smaller credit union specializing in Home Improvement, Other, and Refi loans. Capital Communications Federal Credit Union has a low ratio of conventional loans. Their top markets by origination volume include: Albany, Glens Falls, New York, Hudson, and Gloversville among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Capital Communications 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.

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    Originations

    1,713

    Origination Dollar Volume (All Markets)

    $118,545,000

    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
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1,520 $104,680,000 $68,868 $0 4.68%
    Outside of Metro Areas 55 $3,485,000 $63,364 $0 4.40%
    GLENS FALLS, NY (FHA|USDA|VA) 43 $2,715,000 $63,140 $0 4.64%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 26 $2,420,000 $93,077 $0 4.50%
    Hudson, NY (FHA|USDA|VA) 25 $1,935,000 $77,400 $0 4.54%
    Gloversville, NY (FHA|USDA|VA) 10 $910,000 $91,000 $0 4.85%
    Amsterdam, NY (FHA|USDA|VA) 15 $885,000 $59,000 $0 4.88%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 8 $730,000 $91,250 $0 4.19%
    KINGSTON, NY (FHA|USDA|VA) 10 $680,000 $68,000 $0 4.51%
    Plattsburgh, NY (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.13%
    Capital Communications Federal Credit Union's top markets include Albany, Glens Falls, New York, Hudson, and Gloversville among others.

    Their top states include:
  • New York (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 1,694 $115,690,000 $68,294 n/a 4.65%
    Conventional 19 $2,855,000 $150,263 $0 6.39%

    For 2018, Capital Communications Federal Credit Union's most frequently originated type of loan was HELOC, with 1,694 originations. Their 2nd most popular type was Conventional, with 19 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 662 $37,800,000 $57,100 $0 4.65%
    Other 587 $33,495,000 $57,061 $0 4.73%
    Refi 425 $43,095,000 $101,400 $0 4.54%
    Cash Out Refi 36 $3,190,000 $88,611 $0 5.45%
    Home Purchase 3 $965,000 $321,667 $0 6.25%

    For 2018, Capital Communications Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 662 originations. The 2nd most popular reason was Other, with 587 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 649 $40,755,000 $62,797 $0 4.36%
    15 Year 499 $40,915,000 $81,994 $0 4.79%
    20 Year 359 $27,955,000 $77,869 $0 5.52%
    5 Year 205 $8,855,000 $43,195 $0 3.84%
    Other 1 $65,000 $65,000 $0 3.75%

    For 2018, Capital Communications Federal Credit Union's most frequently cited loan duration was 10 Year, with 649 originations. The 2nd most popular length was 15 Year, with 499 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 896 $64,700,000 $72,210
    3-4% 368 $25,940,000 $70,489
    5-6% 335 $18,225,000 $54,403
    6-7% 88 $6,870,000 $78,068
    2.5-3% 24 $2,150,000 $89,583
    7-8% 1 $55,000 $55,000

    During 2018, Capital Communications 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 896 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,346 $63,110,000 $46,887 $0 4.71%
    $100k-200k 303 $41,695,000 $137,607 $0 4.55%
    $200k-400k 63 $13,135,000 $208,492 $0 4.37%
    $600k-1MM 1 $605,000 $605,000 $0 0.00%

    2018 saw Capital Communications Federal Credit Union place emphasis on $100,000 or less loans with 1,346 originations, totaling $63,110,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 449 $33,005,000 $73,508 $0 4.72%
    $50k-75k 384 $22,960,000 $59,792 $0 4.65%
    $75k-100k 350 $24,420,000 $69,771 $0 4.67%
    $50k or less 244 $13,610,000 $55,779 $0 4.41%
    $150k-250k 227 $18,335,000 $80,771 $0 4.75%
    $250k+ 17 $1,745,000 $102,647 $0 4.41%

    Capital Communications Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 449 originations. The second most popular income band? $50k-75k, with 384 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 431 $28,695,000 $66,578 $0 4.59%
    30-36% 295 $19,635,000 $66,559 $0 4.74%
    <20% 281 $23,145,000 $82,367 $0 4.25%
    50-60% 154 $9,590,000 $62,273 $0 4.68%
    40% 51 $3,545,000 $69,510 $0 4.82%
    36% 49 $2,765,000 $56,429 $0 4.87%
    38% 49 $4,025,000 $82,143 $0 4.98%
    39% 41 $2,605,000 $63,537 $0 4.94%
    42% 40 $2,320,000 $58,000 $0 4.88%
    37% 39 $2,135,000 $54,744 $0 4.81%
    44% 38 $2,250,000 $59,211 $0 4.83%
    41% 37 $2,965,000 $80,135 $0 4.81%
    >60% 32 $2,320,000 $72,500 $0 4.84%
    45% 32 $2,120,000 $66,250 $0 4.77%
    46% 31 $2,115,000 $68,226 $0 4.68%
    43% 28 $1,520,000 $54,286 $0 4.99%
    47% 24 $1,330,000 $55,417 $0 4.61%
    48% 24 $1,490,000 $62,083 $0 4.93%
    49% 17 $1,065,000 $62,647 $0 4.94%

    Capital Communications Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 431 originations. The next most common DTI ratio? 30-36%, with 295 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,556 $106,690,000 $68,567 $0 4.65%
    Not provided 62 $4,040,000 $65,161 $0 4.76%
    Not applicable 19 $2,675,000 $140,789 $0 6.25%
    Asian 30 $2,240,000 $74,667 $0 4.47%
    Black 32 $1,850,000 $57,813 $0 4.72%
    American Indian 9 $845,000 $93,889 $0 4.78%
    Native Hawaiian or Islander 5 $205,000 $41,000 $0 4.45%

    Approval Rates

    Total approvals of all applications
    92.29%

    Capital Communications Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.54%

    Capital Communications Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,713 $118,545,000 $69,203

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 5 $165,000 $33,000
    Single Family (1-4 Units):Site-Built 1,708 $118,380,000 $69,309

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 560 $38,490,000 $68,732 $0 4.67%
    40-60% 168 $20,330,000 $121,012 $0 4.33%
    60-80% 156 $23,020,000 $147,564 $0 4.50%
    80-100% 57 $8,455,000 $148,333 $0 4.85%
    Over 100% 1 $235,000 $235,000 $0 6.49%
    Under 20% 771 $28,015,000 $36,336 $0 4.76%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    CAPITAL ONE FINANCIAL CORPORATION Other type of mortgage Trouble during payment process 12 16.2%
    CAPITAL ONE FINANCIAL CORPORATION Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 1.4%
    CAPITAL ONE FINANCIAL CORPORATION Other type of mortgage Closing on a mortgage 2 2.7%
    CAPITAL ONE FINANCIAL CORPORATION Other type of mortgage Incorrect information on your report 2 2.7%
    CAPITAL ONE FINANCIAL CORPORATION Other type of mortgage Struggling to pay mortgage 2 2.7%
    CAPITAL ONE FINANCIAL CORPORATION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 4 5.4%
    CAPITAL ONE FINANCIAL CORPORATION Conventional home mortgage Closing on a mortgage 2 2.7%
    CAPITAL ONE FINANCIAL CORPORATION Conventional home mortgage Problem with a credit reporting company's investigation into an existing problem 1 1.4%
    CAPITAL ONE FINANCIAL CORPORATION Conventional home mortgage Struggling to pay mortgage 8 10.8%
    CAPITAL ONE FINANCIAL CORPORATION Conventional home mortgage Trouble during payment process 21 28.4%
    CAPITAL ONE FINANCIAL CORPORATION FHA mortgage Struggling to pay mortgage 1 1.4%
    CAPITAL ONE FINANCIAL CORPORATION Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 6 8.1%
    CAPITAL ONE FINANCIAL CORPORATION Home equity loan or line of credit (HELOC) Closing on a mortgage 3 4.1%
    CAPITAL ONE FINANCIAL CORPORATION Home equity loan or line of credit (HELOC) Incorrect information on your report 1 1.4%
    CAPITAL ONE FINANCIAL CORPORATION Home equity loan or line of credit (HELOC) Trouble during payment process 8 10.8%