Kh Network Credit Union Mortgage Rates, Fees & Info
Dayton, OHLEI: 549300SNBYRUG0BK5T32
Tax ID: 31-0714622
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Mortgage Data
Review & Overview
Kh Network Credit Union is a smaller credit union specializing in Home Purchase loans. Kh Network Credit Union has a high proportion of conventional loans. Their top two markets are Dayton and Cincinnati .Kh Network Credit Union has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Kh Network Credit Union is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.27% | 5/13/24 |
| 30 Year Cash-out Refi | 6.27% | 5/13/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Kh Network Credit Union Mortgage Calculator
Your Estimates
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This is not an official calculator from Kh Network Credit Union. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
25Origination Dollar Volume (All Markets)
$3,445,000Top 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 |
|---|---|---|---|---|---|
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 16 | $1,750,000 | $109,375 | $8,101 | 4.50% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 9 | $1,695,000 | $188,333 | $5,115 | 4.53% |
Similar Lenders
We use machine learning to identify the top lenders compared against KH NETWORK CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 25 | $3,445,000 | $137,800 | $6,933 | 4.51% |
For 2018, Kh Network Credit Union's most frequently originated type of loan was Conventional, with 25 originations.
Loan Reason
For 2018, Kh Network Credit Union's most frequently cited loan purpose was Home Purchase, with 20 originations. The 2nd most popular reason was Refi, with 3 originations.
Loan Duration/Length
For 2018, Kh Network Credit Union's most frequently cited loan duration was 30 Year, with 17 originations. The 2nd most popular length was 15 Year, with 5 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 24 | $3,350,000 | $139,583 |
Kh Network Credit Union's average total fees were $7,177, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 24 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 24 | $3,370,000 | $140,417 |
| 3-4% | 1 | $75,000 | $75,000 |
During 2018, Kh Network Credit Union's average interest rate for loans was 4.60%, while their most frequently originated rate bucket for loans was 4-5%, with 24 originations.
Loan Sizing
2018 saw Kh Network Credit Union place emphasis on $100,000 or less loans with 11 originations, totaling $855,000 in origination value.
Applicant Income
Kh Network Credit Union lent most frequently to those with incomes in the $75k-100k range, with 9 originations. The second most popular income band? $100k-150k, with 6 originations.
Applicant Debt to Income Ratio
Kh Network Credit Union lent most frequently to those with DTI ratios of 20-30%, with 11 originations. The next most common DTI ratio? <20%, with 6 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not provided | 22 | $3,010,000 | $136,818 | $7,448 | 4.52% |
| White | 3 | $435,000 | $145,000 | $3,497 | 4.46% |
Approval Rates
Total approvals of all applications63.79%
Kh Network Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination72.00%
Kh Network Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 25 | $3,445,000 | $137,800 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 25 | $3,445,000 | $137,800 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 40-60% | 1 | $25,000 | $25,000 | $2,361 | 4.13% |
| 60-80% | 8 | $970,000 | $121,250 | $9,630 | 4.52% |
| 80-100% | 16 | $2,450,000 | $153,125 | $5,979 | 4.53% |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| KONDAUR CAPITAL CORPORATION | Conventional home mortgage | Struggling to pay mortgage | 4 | 44.4% |
| KONDAUR CAPITAL CORPORATION | Conventional home mortgage | Trouble during payment process | 1 | 11.1% |
| KONDAUR CAPITAL CORPORATION | FHA mortgage | Struggling to pay mortgage | 1 | 11.1% |
| KONDAUR CAPITAL CORPORATION | FHA mortgage | Trouble during payment process | 1 | 11.1% |
| KONDAUR CAPITAL CORPORATION | Other type of mortgage | Struggling to pay mortgage | 1 | 11.1% |
| KONDAUR CAPITAL CORPORATION | Other type of mortgage | Trouble during payment process | 1 | 11.1% |