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: Tiffin, Toledo, Cleveland, Findlay, and Columbus among others. We have data for 23 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.68% | 4/21/24 |
| 30 Year Conventional Refi | 6.27% | 4/21/24 |
| 30 Year Cash-out Refi | 6.63% | 4/21/24 |
| 30 Year FHA Purchase | 6.27% | 4/21/24 |
| 30 Year USDA Purchase | 6.27% | 4/21/24 |
| 15 Year Conventional Purchase | 6.35% | 4/21/24 |
| 15 Year Conventional Refi | 6.67% | 4/21/24 |
| 15 Year Cash-out Refi | 6.67% | 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. | ||
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
232Origination Dollar Volume (All Markets)
$45,790,000Top 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 | 64 | $9,830,000 | $153,594 | $2,216 | 7.06% |
| Tiffin, OH (FHA|USDA|VA) | 30 | $4,930,000 | $164,333 | $1,973 | 7.03% |
| TOLEDO, OH (FHA|USDA|VA) | 23 | $4,925,000 | $214,130 | $2,680 | 7.02% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 13 | $4,055,000 | $311,923 | $3,634 | 7.15% |
| Findlay, OH (FHA|USDA|VA) | 18 | $3,600,000 | $200,000 | $2,341 | 7.14% |
| COLUMBUS, OH (FHA|USDA|VA) | 14 | $3,300,000 | $235,714 | $2,706 | 7.17% |
| Marion, OH (FHA|USDA|VA) | 12 | $3,200,000 | $266,667 | $2,724 | 7.06% |
| Norwalk, OH (FHA|USDA|VA) | 10 | $2,220,000 | $222,000 | $3,255 | 7.23% |
| Bucyrus-Galion, OH (FHA|USDA|VA) | 8 | $1,570,000 | $196,250 | $2,307 | 6.92% |
| Fremont, OH (FHA|USDA|VA) | 9 | $1,335,000 | $148,333 | $2,544 | 7.16% |
| Van Wert, OH (FHA|USDA|VA) | 7 | $1,145,000 | $163,571 | $2,311 | 6.96% |
| Sandusky, OH (FHA|USDA|VA) | 4 | $970,000 | $242,500 | $3,410 | 7.11% |
| LIMA, OH (FHA|USDA|VA) | 8 | $770,000 | $96,250 | $1,720 | 6.87% |
| Sidney, OH (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $5,842 | 7.20% |
| Wapakoneta, OH (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $2,901 | 6.95% |
| MANSFIELD, OH (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $3,284 | 7.20% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $3,818 | 7.05% |
| Ashland, OH (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $2,700 | 6.85% |
| AKRON, OH (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $3,167 | 7.75% |
| Mount Vernon, OH (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,666 | 6.95% |
| Coshocton, OH (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,207 | 7.10% |
| Somerset, KY (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,702 | 7.40% |
| Decatur, IN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,954 | 7.05% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 232 | $45,790,000 | $197,371 | $2,507 | 7.07% |
For 2023, Ag Credit Agricultural Credit Association's most frequently originated type of loan was Conventional, with 232 originations.
Loan Reason
For 2023, Ag Credit Agricultural Credit Association's most frequently cited loan purpose was Home Purchase, with 135 originations. The 2nd most popular reason was Refi, with 64 originations.
Loan Duration/Length
For 2023, Ag Credit Agricultural Credit Association's most frequently cited loan duration was Other, with 209 originations. The 2nd most popular length was 20 Year, with 8 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 148 | $36,560,000 | $247,027 |
| $<1k | 82 | $8,810,000 | $107,439 |
| $2k-3k | 2 | $420,000 | $210,000 |
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 148 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 128 | $27,970,000 | $218,516 |
| 6-7% | 103 | $17,605,000 | $170,922 |
| Over 8% | 1 | $215,000 | $215,000 |
During 2023, Ag Credit Agricultural Credit Association's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 7-8%, with 128 originations.
Loan Sizing
2023 saw Ag Credit Agricultural Credit Association place emphasis on $100,000 or less loans with 72 originations, totaling $3,350,000 in origination value.
Applicant Income
Ag Credit Agricultural Credit Association lent most frequently to those with incomes in the $100k-150k range, with 68 originations. The second most popular income band? $150k-250k, with 55 originations.
Applicant Debt to Income Ratio
Ag Credit Agricultural Credit Association lent most frequently to those with DTI ratios of <20%, with 81 originations. The next most common DTI ratio? 20-30%, with 65 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 229 | $45,015,000 | $196,572 | $2,497 | 7.07% |
| Not provided | 3 | $775,000 | $258,333 | $3,248 | 6.86% |
Approval Rates
Total approvals of all applications90.98%
Ag Credit Agricultural Credit Association has an average approval rate.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 232 | $45,790,000 | $197,371 |