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 Cash Out Refi loans. Capital Communications Federal Credit Union has an average proportion of conventional loans. Their top markets by origination volume include: Albany, New York, Glens Falls, Hudson, and Jamestown among others. We have data for 18 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

    1,863

    Origination Dollar Volume (All Markets)

    $224,575,000

    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) 1,666 $197,170,000 $118,349 $0 3.83%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 22 $8,850,000 $402,273 $0 3.63%
    GLENS FALLS, NY (FHA|USDA|VA) 34 $4,320,000 $127,059 $0 3.81%
    Outside of Metro Areas 41 $3,035,000 $74,024 $0 3.81%
    Hudson, NY (FHA|USDA|VA) 19 $2,255,000 $118,684 $0 3.91%
    Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) 1 $1,825,000 $1,825,000 $0 4.51%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 19 $1,625,000 $85,526 $0 3.84%
    Gloversville, NY (FHA|USDA|VA) 17 $1,425,000 $83,824 $0 3.78%
    UTICA-ROME, NY (FHA|USDA|VA) 7 $1,095,000 $156,429 $0 3.55%
    Amsterdam, NY (FHA|USDA|VA) 12 $1,090,000 $90,833 $0 4.14%
    SYRACUSE, NY (FHA|USDA|VA) 6 $400,000 $66,667 $0 3.44%
    KINGSTON, NY (FHA|USDA|VA) 5 $395,000 $79,000 $0 3.45%
    Plattsburgh, NY (FHA|USDA|VA) 3 $275,000 $91,667 $0 3.33%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 5 $265,000 $53,000 $0 3.63%
    WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) 2 $240,000 $120,000 $0 3.31%
    Malone, NY (FHA|USDA|VA) 1 $145,000 $145,000 $0 3.13%
    ROCHESTER, NY (FHA|USDA|VA) 2 $110,000 $55,000 $0 4.62%
    ITHACA, NY (FHA|USDA|VA) 1 $55,000 $55,000 $0 2.99%
    Capital Communications Federal Credit Union's top markets include Albany, New York, Glens Falls, Hudson, and Jamestown 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 1,807 $167,265,000 $92,565 n/a 3.80%
    Conventional 56 $57,310,000 $1,023,393 $0 4.47%

    For 2020, Capital Communications Federal Credit Union's most frequently originated type of loan was HELOC, with 1,807 originations. Their 2nd most popular type was Conventional, with 56 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 794 $104,000,000 $130,982 $0 3.52%
    Home Improvement 630 $42,680,000 $67,746 $0 4.05%
    Other 285 $19,535,000 $68,544 $0 4.22%
    Refi 131 $25,375,000 $193,702 $0 3.59%
    Home Purchase 23 $32,985,000 $1,434,130 $0 4.41%

    For 2020, Capital Communications Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 794 originations. The 2nd most popular reason was Home Improvement, with 630 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 688 $104,640,000 $152,093 $0 3.55%
    15 Year 586 $64,660,000 $110,341 $0 3.70%
    20 Year 409 $34,355,000 $83,998 $0 4.68%
    5 Year 176 $13,190,000 $74,943 $0 3.26%
    Other 4 $7,730,000 $1,932,500 $0 5.24%

    For 2020, Capital Communications Federal Credit Union's most frequently cited loan duration was 10 Year, with 688 originations. The 2nd most popular length was 15 Year, with 586 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 842 $96,360,000 $114,442
    4-5% 500 $67,210,000 $134,420
    2.5-3% 412 $43,420,000 $105,388
    5-6% 98 $16,840,000 $171,837
    6-7% 11 $745,000 $67,727

    During 2020, Capital Communications Federal Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 3-4%, with 842 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,129 $56,215,000 $49,792 $0 4.00%
    $100k-200k 550 $76,790,000 $139,618 $0 3.52%
    $200k-400k 160 $37,130,000 $232,063 $0 3.51%
    $1MM+ 14 $48,110,000 $3,436,429 $0 4.60%
    $600k-1MM 6 $4,420,000 $736,667 $0 4.14%
    $400k-600k 4 $1,910,000 $477,500 $0 4.33%

    2020 saw Capital Communications Federal Credit Union place emphasis on $100,000 or less loans with 1,129 originations, totaling $56,215,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 475 $45,705,000 $96,221 $0 3.85%
    $50k-75k 422 $32,850,000 $77,844 $0 3.75%
    $75k-100k 348 $29,570,000 $84,971 $0 3.86%
    $150k-250k 283 $33,355,000 $117,862 $0 3.81%
    $50k or less 212 $15,060,000 $71,038 $0 3.61%
    $250k+ 40 $4,890,000 $122,250 $0 3.89%

    Capital Communications Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 475 originations. The second most popular income band? $50k-75k, with 422 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 488 $45,820,000 $93,893 $0 3.66%
    30-36% 304 $25,040,000 $82,368 $0 3.95%
    <20% 301 $31,795,000 $105,631 $0 3.45%
    50-60% 166 $13,290,000 $80,060 $0 3.92%
    39% 56 $5,090,000 $90,893 $0 4.10%
    38% 49 $4,595,000 $93,776 $0 4.20%
    37% 47 $4,275,000 $90,957 $0 4.11%
    42% 45 $3,485,000 $77,444 $0 3.99%
    41% 41 $4,025,000 $98,171 $0 4.06%
    36% 40 $3,150,000 $78,750 $0 4.09%
    43% 40 $3,400,000 $85,000 $0 3.86%
    40% 39 $2,935,000 $75,256 $0 4.04%
    >60% 37 $4,035,000 $109,054 $0 3.70%
    46% 33 $2,855,000 $86,515 $0 3.92%
    47% 31 $2,155,000 $69,516 $0 4.04%
    44% 27 $2,925,000 $108,333 $0 3.85%
    49% 22 $1,420,000 $64,545 $0 3.86%
    48% 20 $1,540,000 $77,000 $0 4.04%
    45% 20 $1,520,000 $76,000 $0 3.90%

    Capital Communications Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 488 originations. The next most common DTI ratio? 30-36%, with 304 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,652 $149,100,000 $90,254 $0 3.80%
    Not applicable 58 $61,340,000 $1,057,586 $0 4.46%
    Not provided 81 $7,305,000 $90,185 $0 3.81%
    Asian 39 $4,245,000 $108,846 $0 4.01%
    Black 21 $1,605,000 $76,429 $0 3.79%
    Native Hawaiian or Islander 7 $515,000 $73,571 $0 3.71%
    American Indian 4 $340,000 $85,000 $0 3.34%
    Other Asian 1 $125,000 $125,000 $0 3.63%

    Approval Rates

    Total approvals of all applications
    94.39%

    Capital Communications Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.11%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,863 $224,575,000 $120,545

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 31 $48,585,000 $1,567,258
    Single Family (1-4 Units):Manufactured 4 $270,000 $67,500
    Single Family (1-4 Units):Site-Built 1,828 $175,720,000 $96,127

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 521 $44,005,000 $84,463 $0 3.87%
    40-60% 303 $44,275,000 $146,122 $0 3.38%
    60-80% 323 $94,925,000 $293,885 $0 3.47%
    80-100% 73 $13,525,000 $185,274 $0 4.01%
    Under 20% 643 $27,845,000 $43,305 $0 4.14%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    CAPITAL ONE FINANCIAL CORPORATION Conventional home mortgage Trouble during payment process 2 40.0%
    CAPITAL ONE FINANCIAL CORPORATION Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 2 40.0%
    CAPITAL ONE FINANCIAL CORPORATION Conventional home mortgage Struggling to pay mortgage 1 20.0%