Class Act Federal Credit Union Mortgage Rates, Fees & Info
Louisville, KYLEI: 549300VNVP1PTYHESA41
Tax ID: 61-0549795
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Class Act Federal Credit Union is a smaller credit union specializing in Refi, Home Purchase, and Cash Out Refi loans. Class Act Federal Credit Union has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Louisville, Cincinnati, Tampa, Bardstown, and Lexington among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)Class Act Federal Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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.
Originations
235Origination Dollar Volume (All Markets)
$30,445,000Top 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 |
|---|---|---|---|---|---|
| LOUISVILLE, KY (FHA|USDA|VA) | 212 | $27,790,000 | $131,085 | $0 | 0.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 6 | $1,150,000 | $191,667 | $0 | 0.00% |
| Outside of Metro Areas | 5 | $525,000 | $105,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| Bardstown, KY (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 0.00% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 0.00% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 5 | $175,000 | $35,000 | $0 | 0.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| OWENSBORO, KY (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against CLASS ACT FEDERAL CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 575
Similarity Rank: 810
Similarity Rank: 1035
Similarity Rank: 1044
Similarity Rank: 1083
Similarity Rank: 1170
Similarity Rank: 1568
Similarity Rank: 1694
Similarity Rank: 1809
Similarity Rank: 2624
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 232 | $29,620,000 | $127,672 | $0 | 0.00% |
| VA | 2 | $680,000 | $340,000 | $0 | 0.00% |
| USDA | 1 | $145,000 | $145,000 | $0 | 0.00% |
For 2021, Class Act Federal Credit Union's most frequently originated type of loan was Conventional, with 232 originations. Their 2nd most popular type was VA, with 2 originations.
Loan Reason
For 2021, Class Act Federal Credit Union's most frequently cited loan purpose was Refi, with 63 originations. The 2nd most popular reason was Home Purchase, with 58 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 235 | $30,445,000 | $129,553 | $0 | 0.00% |
For 2021, Class Act Federal Credit Union's most frequently cited loan duration was Other, with 235 originations.
Loan Sizing
2021 saw Class Act Federal Credit Union place emphasis on $100,000 or less loans with 99 originations, totaling $5,405,000 in origination value.
Applicant Income
Class Act Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 77 originations. The second most popular income band? $75k-100k, with 58 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 235 | $30,445,000 | $129,553 | $0 | 0.00% |
Class Act Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 235 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.17%
Class Act Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination85.11%
Class Act Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 235 | $30,445,000 | $129,553 |