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 and Refi loans. Ccfcu Funding has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Albany, Utica, Glens Falls, Poughkeepsie, and Syracuse among others. We have data for 21 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% 4/21/24
    30 Year Conventional Refi 6.42% 4/21/24
    30 Year Cash-out Refi 6.69% 4/21/24
    30 Year FHA Purchase 7.47% 4/21/24
    15 Year Conventional Purchase 5.92% 4/21/24
    15 Year Conventional Refi 5.90% 4/21/24
    15 Year Cash-out Refi 5.90% 4/21/24
    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

    2,723

    Origination Dollar Volume (All Markets)

    $626,875,000
    Show all (9) 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) 2,100 $514,660,000 $245,076 $3,518 2.92%
    UTICA-ROME, NY (FHA|USDA|VA) 295 $43,185,000 $146,390 $3,760 3.01%
    GLENS FALLS, NY (FHA|USDA|VA) 52 $14,040,000 $270,000 $3,643 2.77%
    Outside of Metro Areas 69 $12,745,000 $184,710 $3,577 2.89%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 22 $5,550,000 $252,273 $3,950 2.97%
    SYRACUSE, NY (FHA|USDA|VA) 28 $5,300,000 $189,286 $3,524 2.92%
    Amsterdam, NY (FHA|USDA|VA) 29 $4,945,000 $170,517 $3,701 3.03%
    Gloversville, NY (FHA|USDA|VA) 26 $4,820,000 $185,385 $3,383 3.12%
    Hudson, NY (FHA|USDA|VA) 18 $4,590,000 $255,000 $3,464 2.81%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 12 $3,750,000 $312,500 $3,444 2.84%
    Oneonta, NY (FHA|USDA|VA) 14 $2,530,000 $180,714 $3,856 3.11%
    KINGSTON, NY (FHA|USDA|VA) 9 $2,195,000 $243,889 $3,960 3.04%
    Plattsburgh, NY (FHA|USDA|VA) 11 $2,175,000 $197,727 $3,749 2.69%
    Malone, NY (FHA|USDA|VA) 8 $1,820,000 $227,500 $3,571 3.08%
    BINGHAMTON, NY (FHA|USDA|VA) 9 $1,225,000 $136,111 $3,816 3.14%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 6 $1,160,000 $193,333 $3,330 2.81%
    ROCHESTER, NY (FHA|USDA|VA) 7 $1,135,000 $162,143 $3,851 2.88%
    Ogdensburg-Massena, NY (FHA|USDA|VA) 5 $645,000 $129,000 $3,457 2.63%
    Cortland, NY (FHA|USDA|VA) 1 $195,000 $195,000 $3,164 3.00%
    Auburn, NY (FHA|USDA|VA) 1 $115,000 $115,000 $2,989 2.88%
    Olean, NY (FHA|USDA|VA) 1 $95,000 $95,000 $3,109 2.50%
    Ccfcu Funding's top markets include Albany, Utica, Glens Falls, Poughkeepsie, and Syracuse 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: 57
    FIRST NEW YORK
    Similarity Rank: 63
    N C P D Federal Credit Union
    Similarity Rank: 102
    Bank of Richmondville
    Similarity Rank: 141
    COUNTRYSIDE Federal Credit Union
    Similarity Rank: 192
    Geddes Federal Savings and Loan Association
    Similarity Rank: 192
    Adirondack Bank
    Similarity Rank: 224
    HUDSON RIVER COMMUNITY
    Similarity Rank: 243
    THE SUMMIT Federal Credit Union
    Similarity Rank: 304
    Tompkins Trust Company
    Similarity Rank: 308

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,551 $596,725,000 $233,918 $3,336 2.94%
    FHA 172 $30,150,000 $175,291 $6,689 2.81%

    For 2021, Ccfcu Funding's most frequently originated type of loan was Conventional, with 2,551 originations. Their 2nd most popular type was FHA, with 172 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,406 $341,370,000 $242,795 $4,173 2.95%
    Refi 816 $174,470,000 $213,811 $2,788 2.80%
    Cash Out Refi 501 $111,035,000 $221,627 $3,098 3.08%

    For 2021, Ccfcu Funding's most frequently cited loan purpose was Home Purchase, with 1,406 originations. The 2nd most popular reason was Refi, with 816 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,953 $472,155,000 $241,759 $3,827 3.02%
    15 Year 505 $102,375,000 $202,723 $2,918 2.58%
    20 Year 219 $44,125,000 $201,484 $2,799 2.97%
    10 Year 29 $3,685,000 $127,069 $2,782 2.50%
    Other 17 $4,535,000 $266,765 $2,859 3.17%

    For 2021, Ccfcu Funding's most frequently cited loan duration was 30 Year, with 1,953 originations. The 2nd most popular length was 15 Year, with 505 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,747 $411,125,000 $235,332
    $1k-2k 814 $185,750,000 $228,194
    $2k-3k 53 $15,075,000 $284,434
    $3k-4k 9 $2,035,000 $226,111
    $4k-5k 1 $205,000 $205,000
    $5k+ 1 $215,000 $215,000

    Ccfcu Funding's average total fees were $3,827, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,747 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 1,205 $281,105,000 $233,282
    3-4% 886 $194,070,000 $219,041
    <2.5% 577 $143,715,000 $249,073
    4-5% 54 $7,950,000 $147,222
    5-6% 1 $35,000 $35,000

    During 2021, Ccfcu Funding's average interest rate for loans was 3.02%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,205 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,219 $334,695,000 $274,565 $3,667 2.91%
    $100k-200k 1,108 $171,700,000 $154,964 $3,329 2.95%
    $400k-600k 190 $88,120,000 $463,789 $4,362 2.79%
    $100,000 or less 181 $14,215,000 $78,536 $2,940 3.10%
    $600k-1MM 24 $17,090,000 $712,083 $5,244 2.69%
    $1MM+ 1 $1,055,000 $1,055,000 $5,303 2.25%

    2021 saw Ccfcu Funding place emphasis on $200k-400k loans with 1,219 originations, totaling $334,695,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 700 $124,530,000 $177,900 $3,554 2.96%
    $100k-150k 684 $182,980,000 $267,515 $3,544 2.91%
    $75k-100k 585 $125,465,000 $214,470 $3,347 2.95%
    $150k-250k 369 $122,895,000 $333,049 $3,667 2.90%
    $50k or less 306 $41,010,000 $134,020 $3,765 2.94%
    $250k+ 79 $29,995,000 $379,684 $3,899 2.81%

    Ccfcu Funding lent most frequently to those with incomes in the $50k-75k range, with 700 originations. The second most popular income band? $100k-150k, with 684 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 698 $160,230,000 $229,556 $3,380 2.91%
    30-36% 575 $136,715,000 $237,765 $3,427 2.92%
    <20% 184 $38,330,000 $208,315 $3,169 2.78%
    39% 138 $30,940,000 $224,203 $3,467 3.07%
    36% 113 $26,985,000 $238,805 $3,639 3.04%
    44% 106 $24,620,000 $232,264 $3,754 2.92%
    40% 106 $24,430,000 $230,472 $3,516 2.96%
    42% 105 $26,095,000 $248,524 $3,902 2.98%
    38% 105 $24,195,000 $230,429 $3,564 2.88%
    37% 104 $23,190,000 $222,981 $3,460 2.97%
    41% 96 $21,540,000 $224,375 $3,614 2.96%
    43% 93 $21,515,000 $231,344 $3,844 3.00%
    47% 56 $12,460,000 $222,500 $3,874 2.96%
    45% 55 $12,975,000 $235,909 $3,610 3.04%
    48% 50 $11,930,000 $238,600 $4,126 2.99%
    46% 48 $11,590,000 $241,458 $3,846 2.87%
    49% 46 $10,720,000 $233,043 $4,227 2.97%
    50-60% 45 $8,415,000 $187,000 $5,809 2.83%

    Ccfcu Funding lent most frequently to those with DTI ratios of 20-30%, with 698 originations. The next most common DTI ratio? 30-36%, with 575 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,390 $298,890,000 $215,029 $3,547 2.96%
    Not provided 1,189 $285,425,000 $240,055 $3,516 2.92%
    Asian 101 $33,315,000 $329,851 $3,903 2.69%
    Black 38 $8,230,000 $216,579 $4,041 2.98%
    American Indian 4 $690,000 $172,500 $4,965 3.06%
    Native Hawaiian or Islander 1 $325,000 $325,000 $3,041 2.00%

    Approval Rates

    Total approvals of all applications
    97.97%

    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
    89.57%

    Ccfcu Funding has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,723 $626,875,000 $230,215

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,723 $626,875,000 $230,215

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 65 $10,455,000 $160,846 $2,995 2.61%
    40-60% 294 $52,370,000 $178,129 $2,870 2.75%
    60-80% 1,022 $227,350,000 $222,456 $3,064 2.98%
    80-100% 1,337 $336,415,000 $251,619 $4,077 2.95%
    Under 20% 5 $285,000 $57,000 $2,512 2.98%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    CIBC BANCORP USA INC. Conventional home mortgage Closing on a mortgage 1 100.0%