Ag Credit Agricultural Credit Association Mortgage Rates, Fees & Info
Fostoria, OHLEI: 254900BRCCRMIPW8R563
Tax ID: 34-1691741
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Mortgage Data
Review & Overview
Ag Credit Agricultural Credit Association is a smaller mortgage company specializing in Home Purchase loans. Ag Credit Agricultural Credit Association has a high proportion of conventional loans. Their top markets by origination volume include: Findlay, Toledo, Tiffin, Cleveland, and Marion among others. We have data for 20 markets. (Some data included below & more in-depth data is available with an active subscription.)Ag Credit Agricultural Credit Association has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.72% | 4/5/25 |
| 30 Year Conventional Refi | 6.72% | 4/5/25 |
| 30 Year FHA Purchase | 6.72% | 4/5/25 |
| 30 Year FHA Refi | 6.72% | 4/5/25 |
| 15 Year Conventional Purchase | 6.67% | 4/5/25 |
| 15 Year Conventional Refi | 7.02% | 4/5/25 |
| 15 Year Cash-out Refi | 7.02% | 4/5/25 |
| 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. | ||
Ag Credit Agricultural Credit Association Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
219Origination Dollar Volume (All Markets)
$53,085,000Top 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 | 59 | $11,845,000 | $200,763 | $2,266 | 6.76% |
| Findlay, OH (FHA|USDA|VA) | 25 | $8,845,000 | $353,800 | $2,975 | 6.80% |
| TOLEDO, OH (FHA|USDA|VA) | 23 | $5,535,000 | $240,652 | $2,909 | 6.82% |
| Tiffin, OH (FHA|USDA|VA) | 28 | $5,270,000 | $188,214 | $2,475 | 6.76% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 17 | $4,785,000 | $281,471 | $2,911 | 6.79% |
| Marion, OH (FHA|USDA|VA) | 8 | $2,950,000 | $368,750 | $3,572 | 6.88% |
| Norwalk, OH (FHA|USDA|VA) | 11 | $2,535,000 | $230,455 | $3,261 | 6.61% |
| Fremont, OH (FHA|USDA|VA) | 11 | $2,055,000 | $186,818 | $2,304 | 6.55% |
| COLUMBUS, OH (FHA|USDA|VA) | 8 | $1,980,000 | $247,500 | $3,286 | 7.06% |
| Bucyrus-Galion, OH (FHA|USDA|VA) | 6 | $1,620,000 | $270,000 | $3,122 | 6.84% |
| Defiance, OH (FHA|USDA|VA) | 3 | $845,000 | $281,667 | $3,439 | 6.85% |
| LIMA, OH (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $3,425 | 6.80% |
| Ashland, OH (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $3,138 | 6.67% |
| Sandusky, OH (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $3,493 | 7.03% |
| Mount Vernon, OH (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $6,194 | 6.75% |
| MANSFIELD, OH (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $12,356 | 6.83% |
| Van Wert, OH (FHA|USDA|VA) | 4 | $520,000 | $130,000 | $2,447 | 6.78% |
| Adrian, MI (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,813 | 7.20% |
| Wapakoneta, OH (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,982 | 7.27% |
| Celina, OH (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $467 | 6.75% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 219 | $53,085,000 | $242,397 | $2,874 | 6.78% |
For 2024, Ag Credit Agricultural Credit Association's most frequently originated type of loan was Conventional, with 219 originations.
Loan Reason
For 2024, Ag Credit Agricultural Credit Association's most frequently cited loan purpose was Home Purchase, with 148 originations. The 2nd most popular reason was Cash Out Refi, with 41 originations.
Loan Duration/Length
For 2024, Ag Credit Agricultural Credit Association's most frequently cited loan duration was Other, with 193 originations. The 2nd most popular length was 20 Year, with 11 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 152 | $40,350,000 | $265,461 |
| $<1k | 65 | $9,745,000 | $149,923 |
| $2k-3k | 2 | $2,990,000 | $1,495,000 |
Ag Credit Agricultural Credit Association's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 152 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 177 | $43,195,000 | $244,040 |
| 7-8% | 42 | $9,890,000 | $235,476 |
During 2024, Ag Credit Agricultural Credit Association's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 6-7%, with 177 originations.
Loan Sizing
2024 saw Ag Credit Agricultural Credit Association place emphasis on $200k-400k loans with 91 originations, totaling $25,005,000 in origination value.
Applicant Income
Ag Credit Agricultural Credit Association lent most frequently to those with incomes in the $100k-150k range, with 76 originations. The second most popular income band? $150k-250k, with 45 originations.
Applicant Debt to Income Ratio
Ag Credit Agricultural Credit Association lent most frequently to those with DTI ratios of 20-30%, with 58 originations. The next most common DTI ratio? 30-36%, with 50 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 218 | $52,840,000 | $242,385 | $2,869 | 6.78% |
| Black | 1 | $245,000 | $245,000 | $3,898 | 6.60% |
Approval Rates
Total approvals of all applications92.49%
Ag Credit Agricultural Credit Association has an average approval rate.
Pick Rate
Approvals leading to origination93.15%
Ag Credit Agricultural Credit Association has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 219 | $53,085,000 | $242,397 |