Citadel Federal Credit Union Mortgage Rates, Fees & Info

Exton, PA

LEI: 549300XOOL3OJTITCV30

Tax ID: 23-1357102

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
  • 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

    Citadel Federal Credit Union is a smaller credit union specializing in Home Improvement and Refi loans. Citadel Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Philadelphia, Lancaster, Ocean City, Reading, and Salisbury among others. We have data for 27 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.

    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
    Home Equity Line of Credit (HELOC) 6.25% 4/18/24
    30 Year Conventional Purchase 6.49% 4/18/24
    30 Year Conventional Refi 6.52% 4/18/24
    30 Year Cash-out Refi 6.53% 4/18/24
    15 Year Conventional Purchase 6.16% 4/18/24
    15 Year Conventional Refi 5.99% 4/18/24
    15 Year Cash-out Refi 5.99% 4/18/24
    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






    Your Estimates

    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

    2,265

    Origination Dollar Volume (All Markets)

    $303,405,000

    Awards

    CITADEL FEDERAL CREDIT UNION 30 Year Conventional Loans silver CITADEL FEDERAL CREDIT UNION 30 Year Conventional Loans bronze CITADEL FEDERAL CREDIT UNION 30 Year Conventional Loans silver CITADEL FEDERAL CREDIT UNION 30 Year Conventional Loans silver
    Show all (4) 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
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 2,011 $264,055,000 $131,305 $1,784 3.77%
    LANCASTER, PA (FHA|USDA|VA) 131 $15,975,000 $121,947 $1,605 3.82%
    OCEAN CITY, NJ (FHA|USDA|VA) 13 $4,715,000 $362,692 $4,487 3.21%
    READING, PA (FHA|USDA|VA) 39 $4,055,000 $103,974 $1,244 4.09%
    SALISBURY, MD-DE (FHA|USDA|VA) 16 $3,500,000 $218,750 $3,784 3.43%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 6 $3,130,000 $521,667 $4,137 3.39%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 9 $1,465,000 $162,778 $2,144 3.84%
    Outside of Metro Areas 2 $1,050,000 $525,000 $3,880 3.50%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 2 $710,000 $355,000 $3,252 3.38%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 2 $660,000 $330,000 $3,946 3.50%
    DOVER, DE (FHA|USDA|VA) 5 $545,000 $109,000 $2,585 4.02%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 4 $510,000 $127,500 $1,211 4.25%
    STATE COLLEGE, PA (FHA|USDA|VA) 4 $500,000 $125,000 $3,297 4.22%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 3 $475,000 $158,333 $3,141 3.46%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $465,000 $465,000 $2,908 3.63%
    GETTYSBURG, PA (FHA|USDA|VA) 2 $380,000 $190,000 $4,185 4.25%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $205,000 $205,000 $0 2.49%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 2 $200,000 $100,000 $2,075 4.81%
    Pottsville, PA (FHA|USDA|VA) 3 $185,000 $61,667 $1,431 3.54%
    LEBANON, PA (FHA|USDA|VA) 1 $115,000 $115,000 $3,108 3.13%
    PITTSBURGH, PA (FHA|USDA|VA) 1 $95,000 $95,000 $0 2.99%
    YORK-HANOVER, PA (FHA|USDA|VA) 2 $90,000 $45,000 $67 5.88%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $75,000 $75,000 $0 2.99%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $75,000 $75,000 $2,578 4.13%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $65,000 $65,000 $471 5.50%
    BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 1 $55,000 $55,000 $0 2.99%
    WILLIAMSPORT, PA (FHA|USDA|VA) 1 $55,000 $55,000 $189 5.25%
    Citadel Federal Credit Union's top markets include Philadelphia, Lancaster, Ocean City, Reading, and Salisbury among others.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)

    • 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.

    UTILITIES EMPLOYEES CREDIT UNION
    Similarity Rank: 42
    FIDELITY SAVINGS AND LOAN ASSOCIATION OF BUCKS COUNTY
    Similarity Rank: 122
    Prudential Bank
    Similarity Rank: 162
    CREDIT UNION OF NEW JERSEY
    Similarity Rank: 180
    Diamond Credit Union
    Similarity Rank: 228
    Columbia Bank
    Similarity Rank: 440
    VISIONS
    Similarity Rank: 525
    DEL-ONE FEDERAL CREDIT UNION
    Similarity Rank: 528
    ABERDEEN PROVING GROUND FEDERAL CREDIT UNION
    Similarity Rank: 678
    Hamilton National Mortgage Company
    Similarity Rank: 774

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,196 $199,320,000 $166,656 $1,816 4.58%
    HELOC 1,069 $104,085,000 $97,367 n/a 2.88%

    For 2019, Citadel Federal Credit Union's most frequently originated type of loan was Conventional, with 1,196 originations. Their 2nd most popular type was HELOC, with 1,069 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 825 $70,635,000 $85,618 $434 3.61%
    Other 663 $53,695,000 $80,988 $118 3.89%
    Refi 289 $70,675,000 $244,550 $2,885 3.82%
    Cash Out Refi 270 $49,970,000 $185,074 $2,489 3.86%
    Home Purchase 217 $58,345,000 $268,871 $3,838 3.93%
    NA 1 $85,000 $85,000 $61 6.25%

    For 2019, Citadel Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 825 originations. The 2nd most popular reason was Other, with 663 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 1,256 $118,280,000 $94,172 $188 3.20%
    15 Year 389 $48,565,000 $124,846 $1,204 4.58%
    30 Year 328 $98,590,000 $300,579 $4,108 3.88%
    20 Year 213 $26,075,000 $122,418 $955 5.31%
    10 Year 71 $11,735,000 $165,282 $1,615 4.33%
    5 Year 8 $160,000 $20,000 $57 5.34%

    For 2019, Citadel Federal Credit Union's most frequently cited loan duration was Other, with 1,256 originations. The 2nd most popular length was 15 Year, with 389 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,030 $159,770,000 $155,117
    $1k-2k 86 $17,230,000 $200,349
    $2k-3k 28 $7,190,000 $256,786
    $3k-4k 15 $4,445,000 $296,333
    $5k+ 11 $3,615,000 $328,636
    $4k-5k 5 $1,635,000 $327,000

    Citadel Federal Credit Union's average total fees were $4,108, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,030 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 640 $116,020,000 $181,281
    <2.5% 488 $75,490,000 $154,693
    5-6% 434 $27,130,000 $62,512
    2.5-3% 374 $35,690,000 $95,428
    4-5% 315 $48,165,000 $152,905
    6-7% 14 $910,000 $65,000

    During 2019, Citadel Federal Credit Union's average interest rate for loans was 3.88%, while their most frequently originated rate bucket for loans was 3-4%, with 640 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,121 $54,585,000 $48,693 $220 4.19%
    $100k-200k 672 $90,980,000 $135,387 $1,994 3.25%
    $200k-400k 376 $98,590,000 $262,207 $3,711 3.56%
    $400k-600k 63 $30,665,000 $486,746 $4,934 3.43%
    $600k-1MM 28 $20,810,000 $743,214 $5,374 3.47%
    $1MM+ 5 $7,775,000 $1,555,000 $8,226 3.75%

    2019 saw Citadel Federal Credit Union place emphasis on $100,000 or less loans with 1,121 originations, totaling $54,585,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 628 $77,540,000 $123,471 $1,761 3.84%
    $150k-250k 473 $72,935,000 $154,197 $2,047 3.72%
    $75k-100k 392 $42,360,000 $108,061 $1,522 3.86%
    $50k-75k 360 $37,420,000 $103,944 $1,501 3.87%
    $50k or less 222 $20,020,000 $90,180 $1,473 3.77%
    $250k+ 178 $49,180,000 $276,292 $3,598 3.28%

    Citadel Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 628 originations. The second most popular income band? $150k-250k, with 473 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 540 $75,290,000 $139,426 $2,156 3.66%
    30-36% 422 $59,480,000 $140,948 $1,855 3.86%
    <20% 170 $26,800,000 $157,647 $2,155 3.53%
    42% 165 $19,525,000 $118,333 $1,018 4.53%
    41% 114 $10,170,000 $89,211 $682 4.32%
    39% 95 $11,965,000 $125,947 $1,301 4.15%
    40% 95 $13,775,000 $145,000 $1,469 4.09%
    37% 77 $9,445,000 $122,662 $1,751 3.82%
    38% 72 $8,130,000 $112,917 $1,583 3.84%
    36% 72 $7,830,000 $108,750 $1,019 3.89%
    43% 71 $11,375,000 $160,211 $2,295 3.50%
    44% 60 $8,130,000 $135,500 $3,921 3.22%
    45% 60 $8,200,000 $136,667 $3,610 3.13%
    46% 48 $5,360,000 $111,667 $2,534 3.20%
    47% 46 $5,750,000 $125,000 $3,673 3.16%
    48% 46 $5,440,000 $118,261 $4,184 3.06%
    49% 41 $5,105,000 $124,512 $2,659 3.17%
    50-60% 28 $4,160,000 $148,571 $3,270 3.44%
    >60% 23 $2,785,000 $121,087 $1,922 3.85%

    Citadel Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 540 originations. The next most common DTI ratio? 30-36%, with 422 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,885 $246,295,000 $130,660 $1,795 3.76%
    Not provided 225 $35,135,000 $156,156 $2,108 3.86%
    Asian 45 $7,195,000 $159,889 $2,497 3.49%
    Black 76 $6,850,000 $90,132 $953 4.01%
    Not applicable 13 $4,095,000 $315,000 $0 4.74%
    Asian Indian 8 $1,930,000 $241,250 $2,587 4.01%
    American Indian 3 $725,000 $241,667 $3,666 3.37%
    Chinese 2 $450,000 $225,000 $2,779 3.38%
    Vietnamese 2 $290,000 $145,000 $2,861 4.56%
    Japanese 1 $205,000 $205,000 $0 2.49%
    Native Hawaiian or Islander 3 $145,000 $48,333 $0 3.16%
    Other Asian 1 $45,000 $45,000 $61 5.75%
    Filipino 1 $45,000 $45,000 $54 5.75%

    Approval Rates

    Total approvals of all applications
    83.53%

    Citadel Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    67.99%

    Citadel Federal Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,265 $303,405,000 $133,954

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $455,000 $455,000
    Single Family (1-4 Units):Manufactured 1 $155,000 $155,000
    Single Family (1-4 Units):Site-Built 2,263 $302,795,000 $133,802

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 564 $55,880,000 $99,078 $545 3.53%
    40-60% 238 $38,880,000 $163,361 $2,052 3.42%
    60-80% 364 $103,230,000 $283,599 $3,780 3.60%
    80-100% 216 $59,650,000 $276,157 $3,253 3.93%
    Under 20% 883 $45,765,000 $51,829 $91 4.07%