La Capitol Federal Credit Union Mortgage Rates, Fees & Info
Baton Rouge, LALEI: 549300V1ZDKDQXFW3339
Tax ID: 72-6020667
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Mortgage Data
Review & Overview
La Capitol Federal Credit Union is a smaller credit union specializing in Other, Home Improvement, Cash Out Refi, and Home Purchase loans. La Capitol Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Baton Rouge, New Orleans, Houma, Hammond, and Alexandria among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)La Capitol Federal 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. La Capitol Federal Credit Union is typically a low 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 relatively high 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 | 6.84% | 11/17/24 |
| 30 Year Conventional Refi | 6.00% | 11/17/24 |
| 30 Year Cash-out Refi | 6.62% | 11/17/24 |
| 15 Year Conventional Purchase | 6.13% | 11/17/24 |
| 15 Year Conventional Refi | 6.17% | 11/17/24 |
| 15 Year Cash-out Refi | 6.17% | 11/17/24 |
| 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. | ||
La Capitol Federal Credit Union Mortgage Calculator
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
142Origination Dollar Volume (All Markets)
$12,200,000Awards
La Capitol Federal Credit Union - 2023
La Capitol Federal Credit Union is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
La Capitol Federal Credit Union's average 30 year fixed mortgage rate was
6.98%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.5%.
Relative Fees (Closing Costs)
La Capitol Federal Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,738.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
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 |
|---|---|---|---|---|---|
| BATON ROUGE, LA (FHA|USDA|VA) | 67 | $5,705,000 | $85,149 | $3,633 | 7.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 24 | $2,280,000 | $95,000 | $3,789 | 6.61% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 10 | $980,000 | $98,000 | $3,499 | 6.25% |
| Outside of Metro Areas | 12 | $930,000 | $77,500 | $3,330 | 5.79% |
| HAMMOND, LA (FHA|USDA|VA) | 6 | $600,000 | $100,000 | $3,430 | 6.14% |
| ALEXANDRIA, LA (FHA|USDA|VA) | 7 | $585,000 | $83,571 | $3,861 | 6.46% |
| LAFAYETTE, LA (FHA|USDA|VA) | 8 | $530,000 | $66,250 | $3,631 | 4.93% |
| Natchitoches, LA (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $4,032 | 8.31% |
| MONROE, LA (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 2.99% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 2.99% |
| Opelousas, LA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 2.99% |
| Fort Polk South, LA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 2.99% |
| Ruston, LA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 9.50% |
Similar Lenders
We use machine learning to identify the top lenders compared against La Capitol Federal Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 80
Similarity Rank: 100
Similarity Rank: 189
Similarity Rank: 228
Similarity Rank: 231
Similarity Rank: 304
Similarity Rank: 595
Similarity Rank: 637
Similarity Rank: 817
Similarity Rank: 1710
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 99 | $5,515,000 | $55,707 | n/a | 6.23% |
| Conventional | 43 | $6,685,000 | $155,465 | $3,624 | 7.10% |
For 2023, La Capitol Federal Credit Union's most frequently originated type of loan was HELOC, with 99 originations. Their 2nd most popular type was Conventional, with 43 originations.
Loan Reason
For 2023, La Capitol Federal Credit Union's most frequently cited loan purpose was Other, with 53 originations. The 2nd most popular reason was Home Improvement, with 44 originations.
Loan Duration/Length
For 2023, La Capitol Federal Credit Union's most frequently cited loan duration was 15 Year, with 107 originations. The 2nd most popular length was 30 Year, with 29 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 39 | $5,955,000 | $152,692 |
| $2k-3k | 2 | $420,000 | $210,000 |
| $1k-2k | 1 | $175,000 | $175,000 |
| $3k-4k | 1 | $135,000 | $135,000 |
La Capitol Federal Credit Union's average total fees were $3,738, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 39 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 53 | $2,985,000 | $56,321 |
| Over 8% | 50 | $3,040,000 | $60,800 |
| 6-7% | 25 | $4,335,000 | $173,400 |
| 7-8% | 11 | $1,525,000 | $138,636 |
| 5-6% | 3 | $315,000 | $105,000 |
During 2023, La Capitol Federal Credit Union's average interest rate for loans was 6.98%, while their most frequently originated rate bucket for loans was 2.5-3%, with 53 originations.
Loan Sizing
2023 saw La Capitol Federal Credit Union place emphasis on $100,000 or less loans with 102 originations, totaling $5,030,000 in origination value.
Applicant Income
La Capitol Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 37 originations. The second most popular income band? $50k-75k, with 35 originations.
Applicant Debt to Income Ratio
La Capitol Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 30 originations. The next most common DTI ratio? 30-36%, with 29 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications60.68%
La Capitol Federal Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination48.59%
La Capitol Federal Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 142 | $12,200,000 | $85,915 |