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 and Cash Out Refi loans. Capital Communications Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Albany, Buffalo, New York, Glens Falls, and Poughkeepsie among others. We have data for 19 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

    1,878

    Origination Dollar Volume (All Markets)

    $254,400,000

    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) 1,652 $228,700,000 $138,438 $0 3.58%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 5 $6,355,000 $1,271,000 $0 3.55%
    Outside of Metro Areas 48 $3,950,000 $82,292 $0 3.41%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 33 $3,885,000 $117,727 $0 3.41%
    GLENS FALLS, NY (FHA|USDA|VA) 45 $3,215,000 $71,444 $0 3.40%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 18 $1,970,000 $109,444 $0 3.53%
    Amsterdam, NY (FHA|USDA|VA) 20 $1,690,000 $84,500 $0 3.52%
    Gloversville, NY (FHA|USDA|VA) 16 $1,560,000 $97,500 $0 3.55%
    Hudson, NY (FHA|USDA|VA) 20 $1,450,000 $72,500 $0 3.45%
    Plattsburgh, NY (FHA|USDA|VA) 4 $440,000 $110,000 $0 3.15%
    Oneonta, NY (FHA|USDA|VA) 2 $360,000 $180,000 $0 3.62%
    SYRACUSE, NY (FHA|USDA|VA) 4 $220,000 $55,000 $0 3.37%
    KINGSTON, NY (FHA|USDA|VA) 3 $185,000 $61,667 $0 3.71%
    ROCHESTER, NY (FHA|USDA|VA) 3 $135,000 $45,000 $0 3.08%
    UTICA-ROME, NY (FHA|USDA|VA) 1 $95,000 $95,000 $0 2.88%
    Cortland, NY (FHA|USDA|VA) 1 $65,000 $65,000 $0 2.88%
    Auburn, NY (FHA|USDA|VA) 1 $55,000 $55,000 $0 3.25%
    Olean, NY (FHA|USDA|VA) 1 $35,000 $35,000 $0 3.13%
    ELMIRA, NY (FHA|USDA|VA) 1 $35,000 $35,000 $0 3.75%
    Capital Communications Federal Credit Union's top markets include Albany, Buffalo, New York, Glens Falls, and Poughkeepsie 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 1,828 $160,000,000 $87,527 n/a 3.55%
    Conventional 50 $94,400,000 $1,888,000 $0 4.18%

    For 2021, Capital Communications Federal Credit Union's most frequently originated type of loan was HELOC, with 1,828 originations. Their 2nd most popular type was Conventional, with 50 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 791 $61,475,000 $77,718 $0 3.69%
    Cash Out Refi 696 $96,380,000 $138,477 $0 3.36%
    Other 311 $24,005,000 $77,186 $0 3.68%
    Refi 59 $24,775,000 $419,915 $0 3.47%
    Home Purchase 21 $47,765,000 $2,274,524 $0 4.20%

    For 2021, Capital Communications Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 791 originations. The 2nd most popular reason was Cash Out Refi, with 696 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 636 $134,370,000 $211,274 $0 3.34%
    15 Year 586 $58,040,000 $99,044 $0 3.58%
    20 Year 519 $48,375,000 $93,208 $0 3.94%
    5 Year 136 $13,300,000 $97,794 $0 3.12%
    3 Year 1 $315,000 $315,000 $0 3.65%

    For 2021, Capital Communications Federal Credit Union's most frequently cited loan duration was 10 Year, with 636 originations. The 2nd most popular length was 15 Year, with 586 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,101 $141,985,000 $128,960
    4-5% 373 $71,445,000 $191,542
    2.5-3% 353 $35,045,000 $99,278
    <2.5% 51 $5,925,000 $116,176

    During 2021, 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 1,101 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,206 $61,700,000 $51,161 $0 3.65%
    $100k-200k 503 $69,595,000 $138,360 $0 3.41%
    $200k-400k 148 $34,870,000 $235,608 $0 3.31%
    $1MM+ 13 $83,425,000 $6,417,308 $0 4.08%
    $400k-600k 4 $1,930,000 $482,500 $0 4.33%
    $600k-1MM 4 $2,880,000 $720,000 $0 4.24%

    2021 saw Capital Communications Federal Credit Union place emphasis on $100,000 or less loans with 1,206 originations, totaling $61,700,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 454 $39,480,000 $86,960 $0 3.64%
    $50k-75k 413 $32,225,000 $78,027 $0 3.52%
    $75k-100k 387 $33,175,000 $85,724 $0 3.51%
    $150k-250k 293 $31,365,000 $107,048 $0 3.62%
    $50k or less 205 $14,625,000 $71,341 $0 3.33%
    $250k+ 46 $6,540,000 $142,174 $0 3.52%

    Capital Communications Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 454 originations. The second most popular income band? $50k-75k, with 413 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 475 $42,505,000 $89,484 $0 3.54%
    30-36% 307 $26,725,000 $87,052 $0 3.56%
    <20% 300 $33,570,000 $111,900 $0 3.23%
    50-60% 161 $11,705,000 $72,702 $0 3.65%
    37% 52 $4,570,000 $87,885 $0 3.56%
    39% 51 $3,415,000 $66,961 $0 3.57%
    38% 51 $4,265,000 $83,627 $0 3.68%
    44% 49 $3,405,000 $69,490 $0 3.69%
    43% 46 $3,350,000 $72,826 $0 3.81%
    40% 42 $3,050,000 $72,619 $0 3.68%
    36% 42 $3,330,000 $79,286 $0 3.79%
    41% 40 $3,620,000 $90,500 $0 3.74%
    42% 39 $2,725,000 $69,872 $0 3.86%
    >60% 33 $2,745,000 $83,182 $0 3.29%
    45% 30 $2,130,000 $71,000 $0 3.69%
    46% 29 $2,265,000 $78,103 $0 3.67%
    48% 29 $2,155,000 $74,310 $0 3.66%
    47% 27 $2,295,000 $85,000 $0 3.77%
    49% 24 $2,150,000 $89,583 $0 3.77%

    Capital Communications Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 475 originations. The next most common DTI ratio? 30-36%, with 307 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,579 $138,275,000 $87,571 $0 3.54%
    Not applicable 50 $94,400,000 $1,888,000 $0 4.18%
    Not provided 144 $12,960,000 $90,000 $0 3.57%
    Asian 47 $4,665,000 $99,255 $0 3.59%
    Black 45 $3,185,000 $70,778 $0 3.54%
    American Indian 10 $550,000 $55,000 $0 3.49%
    Native Hawaiian or Islander 2 $210,000 $105,000 $0 3.62%
    Asian Indian 1 $155,000 $155,000 $0 4.25%

    Approval Rates

    Total approvals of all applications
    93.18%

    Capital Communications Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.00%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,878 $254,400,000 $135,463

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,878 $254,400,000 $135,463

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 568 $49,080,000 $86,408 $0 3.58%
    40-60% 251 $40,675,000 $162,052 $0 3.24%
    60-80% 253 $92,625,000 $366,107 $0 3.35%
    80-100% 60 $31,520,000 $525,333 $0 3.76%
    Over 100% 1 $1,805,000 $1,805,000 $0 4.50%
    Under 20% 745 $38,695,000 $51,940 $0 3.72%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    CAPITAL ONE FINANCIAL CORPORATION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%