Citadel Federal Credit Union Mortgage Rates, Fees & Info
Exton, PALEI: 549300XOOL3OJTITCV30
Tax ID: 23-1357102
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Mortgage Data
Review & Overview
Citadel Federal Credit Union is a smaller credit union specializing in Other and Cash Out Refi loans. Citadel Federal Credit Union 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: Philadelphia, Lancaster, Ocean City, Reading, and Atlantic City among others. We have data for 32 markets. (Some data included below & more in-depth data is available with an active subscription.)Citadel 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. Citadel 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.25% | 4/21/24 |
| 30 Year Conventional Purchase | 6.49% | 4/21/24 |
| 30 Year Conventional Refi | 6.52% | 4/21/24 |
| 30 Year Cash-out Refi | 6.53% | 4/21/24 |
| 15 Year Conventional Purchase | 6.16% | 4/21/24 |
| 15 Year Conventional Refi | 5.99% | 4/21/24 |
| 15 Year Cash-out Refi | 5.99% | 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. | ||
Citadel Federal Credit Union Mortgage Calculator
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Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Citadel Federal Credit Union. 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
2,208Origination Dollar Volume (All Markets)
$309,920,000Awards
CITADEL FEDERAL CREDIT UNION - 2023
CITADEL 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
Citadel Federal Credit Union's average 30 year fixed mortgage rate was
3.36%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -3.12%.
Relative Fees (Closing Costs)
Citadel Federal Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,546.
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 |
|---|---|---|---|---|---|
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1,940 | $270,510,000 | $139,438 | $587 | 4.62% |
| LANCASTER, PA (FHA|USDA|VA) | 113 | $11,515,000 | $101,903 | $829 | 4.97% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 16 | $7,470,000 | $466,875 | $4,308 | 5.11% |
| READING, PA (FHA|USDA|VA) | 59 | $6,085,000 | $103,136 | $794 | 5.40% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 13 | $2,275,000 | $175,000 | $2,255 | 4.16% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 9 | $1,935,000 | $215,000 | $2,460 | 4.49% |
| Easton, MD (FHA|USDA|VA) | 1 | $1,405,000 | $1,405,000 | $0 | 7.15% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 13 | $1,335,000 | $102,692 | $593 | 5.81% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 7 | $1,065,000 | $152,143 | $113 | 6.10% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $735,000 | $735,000 | $17,065 | 4.13% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $74 | 7.02% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 4 | $500,000 | $125,000 | $1,979 | 4.61% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $4,204 | 6.38% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $1,686 | 5.64% |
| DOVER, DE (FHA|USDA|VA) | 3 | $385,000 | $128,333 | $0 | 2.66% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $2,048 | 6.66% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $4,472 | 7.25% |
| Sunbury, PA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,288 | 6.50% |
| OCALA, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,541 | 6.25% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $269 | 7.44% |
| WILLIAMSPORT, PA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,804 | 6.88% |
| Outside of Metro Areas | 2 | $240,000 | $120,000 | $246 | 4.47% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 1.99% |
| LEBANON, PA (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $74 | 7.12% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 4.99% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 3 | $155,000 | $51,667 | $60 | 4.81% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 1.99% |
| ERIE, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,272 | 6.25% |
| Huntingdon, PA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 2.99% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.49% |
| Pottsville, PA (FHA|USDA|VA) | 2 | $40,000 | $20,000 | $183 | 7.04% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 2.99% |
Similar Lenders
We use machine learning to identify the top lenders compared against CITADEL FEDERAL CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 1,358 | $202,110,000 | $148,829 | n/a | 3.11% |
| Conventional | 849 | $107,695,000 | $126,849 | $706 | 7.19% |
| FHA | 1 | $115,000 | $115,000 | $6,055 | 7.63% |
For 2023, Citadel Federal Credit Union's most frequently originated type of loan was HELOC, with 1,358 originations. Their 2nd most popular type was Conventional, with 849 originations.
Loan Reason
For 2023, Citadel Federal Credit Union's most frequently cited loan purpose was Other, with 1,145 originations. The 2nd most popular reason was Cash Out Refi, with 546 originations.
Loan Duration/Length
For 2023, Citadel Federal Credit Union's most frequently cited loan duration was 30 Year, with 1,464 originations. The 2nd most popular length was 10 Year, with 243 originations.
Origination Fees/Closing Costs
Citadel Federal Credit Union's average total fees were $4,546, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 806 originations.
Interest Rates
During 2023, Citadel Federal Credit Union's average interest rate for loans was 3.36%, while their most frequently originated rate bucket for loans was <2.5%, with 756 originations.
Loan Sizing
2023 saw Citadel Federal Credit Union place emphasis on $100,000 or less loans with 964 originations, totaling $52,740,000 in origination value.
Applicant Income
Citadel Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 644 originations. The second most popular income band? $100k-150k, with 567 originations.
Applicant Debt to Income Ratio
Citadel Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 449 originations. The next most common DTI ratio? 30-36%, with 377 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications70.70%
Citadel Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination73.60%
Citadel Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,208 | $309,920,000 | $140,362 |