Ccfcu Funding Mortgage Rates, Fees & Info

ALBANY, NY

LEI: 549300VG7NKKVNYENV67

Tax ID: 27-1365466

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • 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

    Ccfcu Funding is a smaller credit union specializing in Home Purchase loans. Ccfcu Funding has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Albany, Utica, Glens Falls, Poughkeepsie, and Gloversville among others. We have data for 18 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Ccfcu Funding 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. Ccfcu Funding 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 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.46% 12/16/24
    30 Year Conventional Refi 6.42% 12/16/24
    30 Year Cash-out Refi 6.69% 12/16/24
    30 Year FHA Purchase 7.47% 12/16/24
    15 Year Conventional Purchase 5.92% 12/16/24
    15 Year Conventional Refi 5.90% 12/16/24
    15 Year Cash-out Refi 5.90% 12/16/24
    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.

    Ccfcu Funding Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Ccfcu Funding. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    1,732

    Origination Dollar Volume (All Markets)

    $359,840,000
    Show all (14) awards

    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) 1,277 $289,885,000 $227,005 $3,743 3.69%
    UTICA-ROME, NY (FHA|USDA|VA) 255 $33,695,000 $132,137 $3,709 3.91%
    Outside of Metro Areas 33 $6,145,000 $186,212 $3,785 3.77%
    GLENS FALLS, NY (FHA|USDA|VA) 27 $5,975,000 $221,296 $3,851 3.88%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 22 $4,680,000 $212,727 $5,713 3.86%
    Gloversville, NY (FHA|USDA|VA) 19 $3,025,000 $159,211 $3,438 3.70%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 10 $2,950,000 $295,000 $3,662 4.03%
    Amsterdam, NY (FHA|USDA|VA) 22 $2,710,000 $123,182 $3,120 3.89%
    SYRACUSE, NY (FHA|USDA|VA) 17 $2,635,000 $155,000 $3,363 3.76%
    Hudson, NY (FHA|USDA|VA) 10 $2,200,000 $220,000 $4,325 3.83%
    KINGSTON, NY (FHA|USDA|VA) 10 $1,750,000 $175,000 $6,307 3.93%
    Oneonta, NY (FHA|USDA|VA) 14 $1,630,000 $116,429 $3,337 4.23%
    BINGHAMTON, NY (FHA|USDA|VA) 5 $725,000 $145,000 $3,228 3.80%
    Plattsburgh, NY (FHA|USDA|VA) 3 $595,000 $198,333 $4,611 3.58%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 3 $465,000 $155,000 $2,871 4.17%
    Malone, NY (FHA|USDA|VA) 3 $465,000 $155,000 $3,049 4.67%
    ITHACA, NY (FHA|USDA|VA) 1 $235,000 $235,000 $2,981 3.88%
    ROCHESTER, NY (FHA|USDA|VA) 1 $75,000 $75,000 $2,797 3.63%
    Ccfcu Funding's top markets include Albany, Utica, Glens Falls, Poughkeepsie, and Gloversville among others.

    Their top states include:
  • New York (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against CCFCU FUNDING based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    SECNY Federal Credit Union
    Similarity Rank: 32
    Bank of Richmondville
    Similarity Rank: 54
    N C P D Federal Credit Union
    Similarity Rank: 56
    Adirondack Bank
    Similarity Rank: 63
    Schuyler Savings Bank
    Similarity Rank: 104
    Geddes Federal Savings and Loan Association
    Similarity Rank: 108
    MID-HUDSON VALLEY
    Similarity Rank: 114
    Saratoga National Bank and Trust Company
    Similarity Rank: 140
    Union County Savings Bank
    Similarity Rank: 150
    HUDSON RIVER COMMUNITY
    Similarity Rank: 171

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,470 $317,880,000 $216,245 $3,343 3.72%
    FHA 262 $41,960,000 $160,153 $6,004 3.87%

    For 2019, Ccfcu Funding's most frequently originated type of loan was Conventional, with 1,470 originations. Their 2nd most popular type was FHA, with 262 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,279 $258,595,000 $202,185 $4,053 3.80%
    Refi 249 $58,945,000 $236,727 $2,956 3.39%
    Cash Out Refi 204 $42,300,000 $207,353 $2,891 3.81%

    For 2019, Ccfcu Funding's most frequently cited loan purpose was Home Purchase, with 1,279 originations. The 2nd most popular reason was Refi, with 249 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,506 $319,690,000 $212,278 $3,887 3.76%
    15 Year 167 $30,105,000 $180,269 $2,900 3.52%
    20 Year 53 $9,125,000 $172,170 $2,831 4.05%
    10 Year 5 $745,000 $149,000 $3,093 3.48%
    Other 1 $175,000 $175,000 $2,756 2.50%

    For 2019, Ccfcu Funding's most frequently cited loan duration was 30 Year, with 1,506 originations. The 2nd most popular length was 15 Year, with 167 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,230 $243,390,000 $197,878
    $1k-2k 416 $102,890,000 $247,332
    $2k-3k 25 $6,325,000 $253,000
    $3k-4k 3 $435,000 $145,000
    $4k-5k 2 $440,000 $220,000

    Ccfcu Funding's average total fees were $3,887, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,230 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,015 $210,735,000 $207,621
    4-5% 418 $73,610,000 $176,100
    2.5-3% 224 $63,730,000 $284,509
    5-6% 47 $6,285,000 $133,723
    <2.5% 19 $4,885,000 $257,105
    6-7% 9 $595,000 $66,111

    During 2019, Ccfcu Funding's average interest rate for loans was 3.76%, while their most frequently originated rate bucket for loans was 3-4%, with 1,015 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 790 $120,950,000 $153,101 $3,642 3.81%
    $200k-400k 655 $179,065,000 $273,382 $3,994 3.60%
    $100,000 or less 194 $14,510,000 $74,794 $3,056 4.18%
    $400k-600k 84 $39,230,000 $467,024 $4,291 3.25%
    $600k-1MM 9 $6,085,000 $676,111 $4,429 3.17%

    2019 saw Ccfcu Funding place emphasis on $100k-200k loans with 790 originations, totaling $120,950,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 504 $85,830,000 $170,298 $3,884 3.80%
    $100k-150k 398 $99,140,000 $249,095 $3,729 3.69%
    $75k-100k 361 $75,025,000 $207,825 $3,693 3.75%
    $50k or less 244 $29,450,000 $120,697 $3,761 3.85%
    $150k-250k 195 $59,985,000 $307,615 $3,631 3.55%
    $250k+ 30 $10,410,000 $347,000 $3,535 3.78%

    Ccfcu Funding lent most frequently to those with incomes in the $50k-75k range, with 504 originations. The second most popular income band? $100k-150k, with 398 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 352 $72,810,000 $206,847 $3,573 3.73%
    20-30% 311 $63,185,000 $203,167 $3,391 3.68%
    42% 90 $20,330,000 $225,889 $3,715 3.76%
    38% 90 $18,020,000 $200,222 $3,737 3.84%
    43% 83 $19,535,000 $235,361 $3,974 3.79%
    44% 75 $14,915,000 $198,867 $3,972 3.76%
    45% 72 $15,860,000 $220,278 $3,871 3.65%
    50-60% 71 $12,035,000 $169,507 $5,584 3.94%
    41% 71 $14,585,000 $205,423 $3,531 3.81%
    39% 68 $14,680,000 $215,882 $3,928 3.67%
    47% 65 $13,235,000 $203,615 $4,345 3.85%
    40% 64 $14,640,000 $228,750 $3,887 3.70%
    37% 61 $12,875,000 $211,066 $3,543 3.83%
    <20% 60 $10,270,000 $171,167 $3,134 3.51%
    36% 58 $13,030,000 $224,655 $3,549 3.72%
    49% 49 $9,785,000 $199,694 $4,164 3.83%
    46% 46 $9,140,000 $198,696 $4,038 3.77%
    48% 45 $10,885,000 $241,889 $3,895 3.70%

    Ccfcu Funding lent most frequently to those with DTI ratios of 30-36%, with 352 originations. The next most common DTI ratio? 20-30%, with 311 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,074 $206,230,000 $192,020 $3,745 3.84%
    Not provided 565 $130,205,000 $230,451 $3,679 3.60%
    Asian 59 $16,855,000 $285,678 $3,937 3.37%
    Black 32 $5,860,000 $183,125 $5,187 3.84%
    Asian Indian 1 $445,000 $445,000 $5,046 2.75%
    American Indian 1 $245,000 $245,000 $2,912 2.88%

    Approval Rates

    Total approvals of all applications
    96.74%

    Ccfcu Funding has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    88.11%

    Ccfcu Funding has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,732 $359,840,000 $207,760

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $205,000 $205,000
    Single Family (1-4 Units):Site-Built 1,731 $359,635,000 $207,761

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 35 $3,925,000 $112,143 $2,910 3.38%
    40-60% 104 $17,810,000 $171,250 $2,958 3.43%
    60-80% 455 $93,295,000 $205,044 $3,133 3.79%
    80-100% 1,131 $244,475,000 $216,158 $4,106 3.75%
    Under 20% 6 $310,000 $51,667 $201 6.38%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Civic Financial Services, Inc. Conventional home mortgage Trouble during payment process 1 50.0%
    Civic Financial Services, Inc. Other type of mortgage Trouble during payment process 1 50.0%