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 Cash Out Refi 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 38 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.25% | 12/16/24 |
| 30 Year Conventional Purchase | 6.49% | 12/16/24 |
| 30 Year Conventional Refi | 6.52% | 12/16/24 |
| 30 Year Cash-out Refi | 6.53% | 12/16/24 |
| 15 Year Conventional Purchase | 6.16% | 12/16/24 |
| 15 Year Conventional Refi | 5.99% | 12/16/24 |
| 15 Year Cash-out Refi | 5.99% | 12/16/24 |
| 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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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
3,038Origination Dollar Volume (All Markets)
$551,460,000Awards
CITADEL FEDERAL CREDIT UNION - 2021
CITADEL FEDERAL CREDIT UNION is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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) | 2,674 | $479,360,000 | $179,267 | $2,095 | 3.00% |
| LANCASTER, PA (FHA|USDA|VA) | 124 | $18,470,000 | $148,952 | $1,889 | 3.08% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 42 | $16,340,000 | $389,048 | $3,365 | 2.76% |
| READING, PA (FHA|USDA|VA) | 73 | $10,975,000 | $150,342 | $2,208 | 3.09% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 15 | $4,645,000 | $309,667 | $3,372 | 2.96% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 11 | $4,155,000 | $377,727 | $5,141 | 2.83% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 8 | $3,380,000 | $422,500 | $2,662 | 3.23% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 12 | $2,570,000 | $214,167 | $1,371 | 2.76% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 9 | $1,325,000 | $147,222 | $2,557 | 2.98% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 9 | $1,305,000 | $145,000 | $2,306 | 3.12% |
| LEBANON, PA (FHA|USDA|VA) | 6 | $1,090,000 | $181,667 | $3,061 | 2.96% |
| Key West, FL (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $8,668 | 3.25% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 7 | $925,000 | $132,143 | $1,674 | 3.45% |
| Outside of Metro Areas | 5 | $835,000 | $167,000 | $3,099 | 2.95% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 4 | $690,000 | $172,500 | $1,710 | 3.37% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 4 | $670,000 | $167,500 | $2,560 | 2.62% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $2,344 | 2.88% |
| Pottsville, PA (FHA|USDA|VA) | 4 | $300,000 | $75,000 | $1,401 | 3.06% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,936 | 3.25% |
| WILLIAMSPORT, PA (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $2,958 | 2.75% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 2.49% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $1,601 | 3.56% |
| DOVER, DE (FHA|USDA|VA) | 3 | $235,000 | $78,333 | $49 | 3.32% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 2.49% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $954 | 2.63% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,825 | 3.25% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $150 | 3.50% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 2.49% |
| Sunbury, PA (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $3,716 | 3.75% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 2.49% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $103 | 3.87% |
| Rockingham, NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,792 | 3.13% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $199 | 3.63% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 2.99% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,735 | 3.25% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $959 | 2.75% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 2.99% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 3.49% |
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 |
|---|---|---|---|---|---|
| Conventional | 1,764 | $399,510,000 | $226,480 | $2,138 | 3.18% |
| HELOC | 1,274 | $151,950,000 | $119,270 | n/a | 2.77% |
For 2021, Citadel Federal Credit Union's most frequently originated type of loan was Conventional, with 1,764 originations. Their 2nd most popular type was HELOC, with 1,274 originations.
Loan Reason
For 2021, Citadel Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 1,668 originations. The 2nd most popular reason was Other, with 615 originations.
Loan Duration/Length
For 2021, Citadel Federal Credit Union's most frequently cited loan duration was Other, with 1,330 originations. The 2nd most popular length was 15 Year, with 582 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 1,719 | $384,445,000 | $223,645 |
| $1k-2k | 3 | $865,000 | $288,333 |
| $5k+ | 2 | $2,410,000 | $1,205,000 |
| $4k-5k | 1 | $385,000 | $385,000 |
Citadel Federal Credit Union's average total fees were $4,003, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,719 originations.
Interest Rates
During 2021, Citadel Federal Credit Union's average interest rate for loans was 3.06%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,155 originations.
Loan Sizing
2021 saw Citadel Federal Credit Union place emphasis on $100k-200k loans with 1,059 originations, totaling $147,245,000 in origination value.
Applicant Income
Citadel Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 751 originations. The second most popular income band? $100k-150k, with 749 originations.
Applicant Debt to Income Ratio
Citadel Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 815 originations. The next most common DTI ratio? 30-36%, with 594 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications83.71%
Citadel Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination63.27%
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 | 3,038 | $551,460,000 | $181,521 |