Capital Communications Federal Credit Union Mortgage Rates, Fees & Info

Albany, NY

LEI: 549300RUF3KS47ETXV22

Tax ID: 14-1407700

Latest/2022 | 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 and Cash Out Refi loans. Capital Communications Federal Credit Union has an average proportion of conventional loans. Their top markets by origination volume include: Albany, Glens Falls, New York, Jamestown, and Hudson among others. We have data for 20 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.

    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.

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    Originations

    1,516

    Origination Dollar Volume (All Markets)

    $126,790,000

    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) 1,352 $112,180,000 $82,973 $0 4.90%
    GLENS FALLS, NY (FHA|USDA|VA) 36 $2,560,000 $71,111 $0 4.77%
    Outside of Metro Areas 26 $1,950,000 $75,000 $0 4.32%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 18 $1,880,000 $104,444 $0 4.85%
    Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) 1 $1,825,000 $1,825,000 $0 4.51%
    Hudson, NY (FHA|USDA|VA) 18 $1,540,000 $85,556 $0 4.66%
    Gloversville, NY (FHA|USDA|VA) 15 $1,355,000 $90,333 $0 5.04%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 16 $1,280,000 $80,000 $0 4.85%
    KINGSTON, NY (FHA|USDA|VA) 6 $660,000 $110,000 $0 4.87%
    Amsterdam, NY (FHA|USDA|VA) 12 $650,000 $54,167 $0 5.03%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 4 $220,000 $55,000 $0 4.90%
    ROCHESTER, NY (FHA|USDA|VA) 1 $185,000 $185,000 $0 4.38%
    Plattsburgh, NY (FHA|USDA|VA) 2 $130,000 $65,000 $0 3.75%
    Ogdensburg-Massena, NY (FHA|USDA|VA) 1 $85,000 $85,000 $0 4.75%
    Oneonta, NY (FHA|USDA|VA) 3 $75,000 $25,000 $0 4.66%
    BINGHAMTON, NY (FHA|USDA|VA) 1 $55,000 $55,000 $0 6.25%
    WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.99%
    SYRACUSE, NY (FHA|USDA|VA) 1 $35,000 $35,000 $0 4.13%
    UTICA-ROME, NY (FHA|USDA|VA) 1 $35,000 $35,000 $0 4.99%
    Auburn, NY (FHA|USDA|VA) 1 $35,000 $35,000 $0 5.99%
    Capital Communications Federal Credit Union's top markets include Albany, Glens Falls, New York, Jamestown, and Hudson 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 1,473 $103,145,000 $70,024 n/a 4.87%
    Conventional 43 $23,645,000 $549,884 $0 5.23%

    For 2019, Capital Communications Federal Credit Union's most frequently originated type of loan was HELOC, with 1,473 originations. Their 2nd most popular type was Conventional, with 43 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 640 $39,490,000 $61,703 $0 4.90%
    Cash Out Refi 391 $40,805,000 $104,361 $0 4.75%
    Other 350 $19,530,000 $55,800 $0 5.04%
    Refi 122 $14,780,000 $121,148 $0 4.76%
    Home Purchase 13 $12,185,000 $937,308 $0 4.87%

    For 2019, Capital Communications Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 640 originations. The 2nd most popular reason was Cash Out Refi, with 391 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 506 $49,520,000 $97,866 $0 4.55%
    15 Year 429 $35,345,000 $82,389 $0 5.04%
    20 Year 391 $30,775,000 $78,708 $0 5.54%
    5 Year 186 $7,980,000 $42,903 $0 3.97%
    Other 3 $2,265,000 $755,000 $0 7.25%
    1 Year 1 $905,000 $905,000 $0 8.75%

    For 2019, Capital Communications Federal Credit Union's most frequently cited loan duration was 10 Year, with 506 originations. The 2nd most popular length was 15 Year, with 429 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 676 $65,000,000 $96,154
    5-6% 498 $35,870,000 $72,028
    3-4% 218 $15,620,000 $71,651
    6-7% 94 $6,280,000 $66,809
    2.5-3% 27 $2,505,000 $92,778
    7-8% 2 $610,000 $305,000
    Over 8% 1 $905,000 $905,000

    During 2019, 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 676 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,138 $53,640,000 $47,135 $0 4.95%
    $100k-200k 296 $40,060,000 $135,338 $0 4.67%
    $200k-400k 70 $15,860,000 $226,571 $0 4.61%
    $600k-1MM 5 $3,965,000 $793,000 $0 5.45%
    $1MM+ 4 $11,840,000 $2,960,000 $0 4.87%
    $400k-600k 3 $1,425,000 $475,000 $0 6.17%

    2019 saw Capital Communications Federal Credit Union place emphasis on $100,000 or less loans with 1,138 originations, totaling $53,640,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 380 $28,460,000 $74,895 $0 4.89%
    $50k-75k 334 $19,920,000 $59,641 $0 4.84%
    $75k-100k 316 $20,060,000 $63,481 $0 4.95%
    $150k-250k 209 $20,365,000 $97,440 $0 5.03%
    $50k or less 181 $9,385,000 $51,851 $0 4.58%
    $250k+ 33 $3,565,000 $108,030 $0 4.58%

    Capital Communications Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 380 originations. The second most popular income band? $50k-75k, with 334 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 377 $27,835,000 $73,833 $0 4.72%
    30-36% 250 $16,150,000 $64,600 $0 5.04%
    <20% 226 $18,860,000 $83,451 $0 4.44%
    50-60% 159 $10,145,000 $63,805 $0 5.03%
    42% 51 $3,825,000 $75,000 $0 5.04%
    36% 44 $2,450,000 $55,682 $0 4.88%
    40% 37 $2,915,000 $78,784 $0 4.93%
    43% 37 $2,205,000 $59,595 $0 5.27%
    38% 33 $2,255,000 $68,333 $0 4.81%
    44% 30 $2,300,000 $76,667 $0 4.93%
    41% 30 $1,730,000 $57,667 $0 5.39%
    >60% 28 $2,190,000 $78,214 $0 4.81%
    39% 28 $1,500,000 $53,571 $0 5.00%
    46% 27 $1,675,000 $62,037 $0 5.21%
    45% 27 $1,875,000 $69,444 $0 5.31%
    37% 26 $1,490,000 $57,308 $0 5.25%
    47% 23 $1,495,000 $65,000 $0 5.09%
    49% 20 $1,090,000 $54,500 $0 5.23%
    48% 19 $1,145,000 $60,263 $0 4.91%

    Capital Communications Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 377 originations. The next most common DTI ratio? 30-36%, with 250 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,353 $94,605,000 $69,922 $0 4.86%
    Not applicable 45 $23,685,000 $526,333 $0 5.23%
    Not provided 50 $3,870,000 $77,400 $0 4.98%
    Black 36 $2,120,000 $58,889 $0 4.87%
    Asian 23 $1,785,000 $77,609 $0 4.89%
    American Indian 4 $280,000 $70,000 $0 4.50%
    Native Hawaiian or Islander 3 $215,000 $71,667 $0 5.50%
    Asian Indian 1 $195,000 $195,000 $0 5.38%
    Other Pacific Islander 1 $35,000 $35,000 $0 5.99%

    Approval Rates

    Total approvals of all applications
    91.43%

    Capital Communications Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    79.16%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,516 $126,790,000 $83,635

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 18 $18,680,000 $1,037,778
    Single Family (1-4 Units):Manufactured 5 $155,000 $31,000
    Single Family (1-4 Units):Site-Built 1,493 $107,955,000 $72,307

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 496 $39,560,000 $79,758 $0 4.95%
    40-60% 159 $19,505,000 $122,673 $0 4.45%
    60-80% 148 $26,130,000 $176,554 $0 4.61%
    80-100% 31 $5,015,000 $161,774 $0 5.30%
    Under 20% 682 $36,580,000 $53,636 $0 4.97%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    CAPITAL ONE FINANCIAL CORPORATION Other type of mortgage Trouble during payment process 1 3.8%
    CAPITAL ONE FINANCIAL CORPORATION Home equity loan or line of credit (HELOC) Trouble during payment process 2 7.7%
    CAPITAL ONE FINANCIAL CORPORATION Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 3.8%
    CAPITAL ONE FINANCIAL CORPORATION Other type of mortgage Struggling to pay mortgage 1 3.8%
    CAPITAL ONE FINANCIAL CORPORATION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 7.7%
    CAPITAL ONE FINANCIAL CORPORATION Conventional home mortgage Closing on a mortgage 3 11.5%
    CAPITAL ONE FINANCIAL CORPORATION Conventional home mortgage Problem with a credit reporting company's investigation into an existing problem 1 3.8%
    CAPITAL ONE FINANCIAL CORPORATION Conventional home mortgage Struggling to pay mortgage 3 11.5%
    CAPITAL ONE FINANCIAL CORPORATION Conventional home mortgage Trouble during payment process 10 38.5%
    CAPITAL ONE FINANCIAL CORPORATION Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 2 7.7%