Campbell Employees Federal Credit Union Mortgage Rates, Fees & Info
Cherry Hill, NJLEI: 984500AE53C2CD1BA542
Tax ID: 21-0640968
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Mortgage Data
Review & Overview
Campbell Employees Federal Credit Union is a smaller credit union specializing in Refi loans. Campbell Employees Federal Credit Union has a high proportion of conventional loans. Their top two markets are Philadelphia and Toledo .Campbell Employees Federal Credit Union has an above average approval rate when compared to the average across all lenders.
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Originations
15Origination Dollar Volume (All Markets)
$975,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 7 | $645,000 | $92,143 | $0 | 4.79% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 6 | $210,000 | $35,000 | $0 | 4.33% |
| TOLEDO, OH (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 4.75% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 15 | $975,000 | $65,000 | $0 | 4.60% |
For 2018, Campbell Employees Federal Credit Union's most frequently originated type of loan was Conventional, with 15 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 15 | $975,000 | $65,000 | $0 | 4.60% |
For 2018, Campbell Employees Federal Credit Union's most frequently cited loan purpose was Refi, with 15 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 10 Year | 6 | $270,000 | $45,000 | $0 | 4.50% |
| 15 Year | 6 | $630,000 | $105,000 | $0 | 5.00% |
| 5 Year | 3 | $75,000 | $25,000 | $0 | 4.00% |
For 2018, Campbell Employees Federal Credit Union's most frequently cited loan duration was 10 Year, with 6 originations. The 2nd most popular length was 15 Year, with 6 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 15 | $975,000 | $65,000 |
Campbell Employees Federal Credit Union's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 15 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 12 | $900,000 | $75,000 |
| 3-4% | 3 | $75,000 | $25,000 |
During 2018, Campbell Employees Federal Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 12 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 13 | $645,000 | $49,615 | $0 | 4.54% |
| $100k-200k | 2 | $330,000 | $165,000 | $0 | 5.00% |
2018 saw Campbell Employees Federal Credit Union place emphasis on $100,000 or less loans with 13 originations, totaling $645,000 in origination value.
Applicant Income
Campbell Employees Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 11 originations. The second most popular income band? $50k or less, with 2 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| <20% | 15 | $975,000 | $65,000 | $0 | 4.60% |
Campbell Employees Federal Credit Union lent most frequently to those with DTI ratios of <20%, with 15 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 15 | $975,000 | $65,000 | $0 | 4.60% |
Approval Rates
Total approvals of all applications100.00%
Campbell Employees Federal Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 337.0 | 5 | $425,000 | $85,000 |
| 350.0 | 2 | $220,000 | $110,000 |
| 367.0 | 4 | $120,000 | $30,000 |
| 371.0 | 2 | $90,000 | $45,000 |
| 393.0 | 2 | $120,000 | $60,000 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 15 | $975,000 | $65,000 |