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
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Mortgage Data
Review & Overview
Class Act Federal Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Class Act Federal Credit Union has a high proportion of conventional loans. Class Act Federal Credit Union has an average proportion of conventional loans. Their top markets by origination volume include: Louisville, Lexington, Naples, Glasgow, and Owensboro among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Class Act Federal Credit Union 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.
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Originations
218Origination Dollar Volume (All Markets)
$21,290,000Top 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) | 203 | $19,335,000 | $95,246 | $0 | 0.00% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $305,000 | $101,667 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| Glasgow, KY (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| OWENSBORO, KY (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Paducah, KY-IL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| Bardstown, KY (FHA|USDA|VA) | 3 | $125,000 | $41,667 | $0 | 0.00% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $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: 133
Similarity Rank: 420
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Similarity Rank: 425
Similarity Rank: 442
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Similarity Rank: 561
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Similarity Rank: 1188
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 204 | $18,560,000 | $90,980 | $0 | 0.00% |
| Conventional | 13 | $2,585,000 | $198,846 | $0 | 0.00% |
| VA | 1 | $145,000 | $145,000 | $0 | 0.00% |
For 2022, Class Act Federal Credit Union's most frequently originated type of loan was Conventional, with 204 originations. Their 2nd most popular type was Conventional, with 13 originations.
Loan Reason
For 2022, Class Act Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 76 originations. The 2nd most popular reason was Home Improvement, with 63 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 218 | $21,290,000 | $97,661 | $0 | 0.00% |
For 2022, Class Act Federal Credit Union's most frequently cited loan duration was Other, with 218 originations.
Loan Sizing
2022 saw Class Act Federal Credit Union place emphasis on $100,000 or less loans with 148 originations, totaling $7,340,000 in origination value.
Applicant Income
Class Act Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 70 originations. The second most popular income band? $100k-150k, with 41 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 218 | $21,290,000 | $97,661 | $0 | 0.00% |
Class Act Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 218 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.34%
Class Act Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination89.45%
Class Act Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 218 | $21,290,000 | $97,661 |