Ag Credit Agricultural Credit Association Mortgage Rates, Fees & Info

Fostoria, OH

LEI: 254900BRCCRMIPW8R563

Tax ID: 34-1691741

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
  • 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

    Ag Credit Agricultural Credit Association is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Ag Credit Agricultural Credit Association has a high proportion of conventional loans. Their top markets by origination volume include: Toledo, Tiffin, Findlay, Columbus, and Norwalk among others. We have data for 19 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Ag Credit Agricultural Credit Association has an average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Ag Credit Agricultural Credit Association 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.68% 11/21/24
    30 Year Conventional Refi 6.27% 11/21/24
    30 Year Cash-out Refi 6.63% 11/21/24
    30 Year FHA Purchase 6.27% 11/21/24
    30 Year USDA Purchase 6.27% 11/21/24
    15 Year Conventional Purchase 6.35% 11/21/24
    15 Year Conventional Refi 6.67% 11/21/24
    15 Year Cash-out Refi 6.67% 11/21/24
    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






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Ag Credit Agricultural Credit Association. 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

    183

    Origination Dollar Volume (All Markets)

    $32,545,000

    Awards

    AG Credit Agricultural Credit Association 30 Year Conventional Loans bronze
    Show all (1) 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
    Outside of Metro Areas 50 $8,270,000 $165,400 $2,472 4.67%
    TOLEDO, OH (FHA|USDA|VA) 20 $3,700,000 $185,000 $2,804 4.67%
    Tiffin, OH (FHA|USDA|VA) 25 $3,335,000 $133,400 $1,931 4.33%
    Findlay, OH (FHA|USDA|VA) 18 $3,070,000 $170,556 $2,583 4.90%
    COLUMBUS, OH (FHA|USDA|VA) 11 $2,285,000 $207,727 $2,708 5.13%
    Norwalk, OH (FHA|USDA|VA) 9 $1,695,000 $188,333 $2,533 4.32%
    Fremont, OH (FHA|USDA|VA) 10 $1,600,000 $160,000 $1,848 4.27%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 7 $1,565,000 $223,571 $2,544 5.05%
    Sandusky, OH (FHA|USDA|VA) 5 $1,445,000 $289,000 $3,089 4.98%
    Bucyrus-Galion, OH (FHA|USDA|VA) 6 $890,000 $148,333 $2,253 4.60%
    LIMA, OH (FHA|USDA|VA) 5 $865,000 $173,000 $2,279 4.29%
    Key West, FL (FHA|USDA|VA) 1 $795,000 $795,000 $6,745 6.30%
    Van Wert, OH (FHA|USDA|VA) 6 $720,000 $120,000 $2,502 4.03%
    Marion, OH (FHA|USDA|VA) 2 $570,000 $285,000 $2,551 4.14%
    Mount Vernon, OH (FHA|USDA|VA) 2 $560,000 $280,000 $3,313 4.20%
    MANSFIELD, OH (FHA|USDA|VA) 2 $400,000 $200,000 $2,793 6.10%
    Defiance, OH (FHA|USDA|VA) 2 $370,000 $185,000 $3,806 5.40%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $245,000 $245,000 $3,835 4.60%
    Bellefontaine, OH (FHA|USDA|VA) 1 $165,000 $165,000 $0 4.85%
    Ag Credit Agricultural Credit Association's top markets include Toledo, Tiffin, Findlay, Columbus, and Norwalk among others.

    Their top states include:
  • Ohio (FHA|USDA|VA)
  • (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 183 $32,545,000 $177,842 $2,495 4.64%

    For 2019, Ag Credit Agricultural Credit Association's most frequently originated type of loan was Conventional, with 183 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 74 $13,350,000 $180,405 $2,850 4.58%
    Cash Out Refi 67 $10,875,000 $162,313 $2,221 4.67%
    Refi 34 $6,480,000 $190,588 $2,278 4.65%
    Home Improvement 6 $1,720,000 $286,667 $2,656 5.39%
    Other 2 $120,000 $60,000 $1,839 4.13%

    For 2019, Ag Credit Agricultural Credit Association's most frequently cited loan purpose was Home Purchase, with 74 originations. The 2nd most popular reason was Cash Out Refi, with 67 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 130 $23,990,000 $184,538 $2,571 4.65%
    15 Year 19 $2,795,000 $147,105 $2,238 4.62%
    30 Year 18 $3,380,000 $187,778 $2,613 4.59%
    10 Year 5 $375,000 $75,000 $2,192 4.02%
    20 Year 4 $1,050,000 $262,500 $1,963 5.03%
    5 Year 3 $25,000 $8,333 $118 4.30%
    1 Year 3 $755,000 $251,667 $3,608 5.81%
    30+ year 1 $175,000 $175,000 $2,408 3.95%

    For 2019, Ag Credit Agricultural Credit Association's most frequently cited loan duration was Other, with 130 originations. The 2nd most popular length was 15 Year, with 19 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 109 $21,295,000 $195,367
    $<1k 73 $11,075,000 $151,712
    $2k-3k 1 $175,000 $175,000

    Ag Credit Agricultural Credit Association's average total fees were $2,613, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 109 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 91 $16,305,000 $179,176
    3-4% 46 $7,810,000 $169,783
    5-6% 29 $4,185,000 $144,310
    6-7% 15 $3,685,000 $245,667
    7-8% 1 $175,000 $175,000

    During 2019, Ag Credit Agricultural Credit Association's average interest rate for loans was 4.59%, while their most frequently originated rate bucket for loans was 4-5%, with 91 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 75 $10,855,000 $144,733 $2,574 4.66%
    $200k-400k 59 $15,215,000 $257,881 $2,582 4.58%
    $100,000 or less 42 $2,690,000 $64,048 $2,051 4.61%
    $400k-600k 5 $2,255,000 $451,000 $2,522 4.80%
    $600k-1MM 2 $1,530,000 $765,000 $6,255 6.33%

    2019 saw Ag Credit Agricultural Credit Association place emphasis on $100k-200k loans with 75 originations, totaling $10,855,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 52 $10,600,000 $203,846 $2,304 4.53%
    $50k-75k 44 $5,890,000 $133,864 $2,647 4.58%
    $75k-100k 38 $5,780,000 $152,105 $2,252 4.78%
    $50k or less 25 $3,375,000 $135,000 $2,601 4.66%
    $150k-250k 14 $4,390,000 $313,571 $3,324 4.94%
    $250k+ 10 $2,510,000 $251,000 $2,277 4.54%

    Ag Credit Agricultural Credit Association lent most frequently to those with incomes in the $100k-150k range, with 52 originations. The second most popular income band? $50k-75k, with 44 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 66 $10,120,000 $153,333 $2,337 4.64%
    20-30% 59 $10,215,000 $173,136 $2,463 4.65%
    30-36% 24 $3,790,000 $157,917 $2,814 4.43%
    >60% 6 $1,780,000 $296,667 $3,053 5.83%
    37% 4 $600,000 $150,000 $2,075 5.45%
    39% 3 $475,000 $158,333 $2,466 3.99%
    40% 2 $540,000 $270,000 $2,134 4.48%
    38% 2 $230,000 $115,000 $2,872 4.80%
    36% 2 $540,000 $270,000 $1,970 4.06%
    50-60% 1 $795,000 $795,000 $6,745 6.30%
    43% 1 $205,000 $205,000 $1,409 4.64%

    Ag Credit Agricultural Credit Association lent most frequently to those with DTI ratios of <20%, with 66 originations. The next most common DTI ratio? 20-30%, with 59 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 182 $32,220,000 $177,033 $2,490 4.65%
    Not provided 1 $325,000 $325,000 $3,437 3.75%

    Approval Rates

    Total approvals of all applications
    88.46%

    Ag Credit Agricultural Credit Association has an average approval rate.

    Pick Rate

    Approvals leading to origination
    99.45%

    Ag Credit Agricultural Credit Association has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    1248.7 1 $165,000 $165,000
    2007.88 1 $435,000 $435,000
    NA 181 $31,945,000 $176,492

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 183 $32,545,000 $177,842

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 5 $455,000 $91,000 $1,881 5.11%
    40-60% 29 $3,715,000 $128,103 $2,373 4.56%
    60-80% 48 $9,580,000 $199,583 $2,591 4.63%
    80-100% 82 $16,290,000 $198,659 $2,673 4.60%
    Over 100% 7 $1,935,000 $276,429 $3,288 4.60%
    Under 20% 12 $570,000 $47,500 $1,007 5.04%