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 and Cash Out Refi 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 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. 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.68% | 11/22/24 |
| 30 Year Conventional Refi | 6.27% | 11/22/24 |
| 30 Year Cash-out Refi | 6.63% | 11/22/24 |
| 30 Year FHA Purchase | 6.27% | 11/22/24 |
| 30 Year USDA Purchase | 6.27% | 11/22/24 |
| 15 Year Conventional Purchase | 6.35% | 11/22/24 |
| 15 Year Conventional Refi | 6.67% | 11/22/24 |
| 15 Year Cash-out Refi | 6.67% | 11/22/24 |
| 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
326Origination Dollar Volume (All Markets)
$69,690,000Top 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 | 104 | $19,400,000 | $186,538 | $2,396 | 3.03% |
| Tiffin, OH (FHA|USDA|VA) | 36 | $7,140,000 | $198,333 | $2,391 | 3.06% |
| TOLEDO, OH (FHA|USDA|VA) | 35 | $7,095,000 | $202,714 | $2,934 | 2.87% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 15 | $6,955,000 | $463,667 | $4,199 | 3.60% |
| Findlay, OH (FHA|USDA|VA) | 23 | $5,465,000 | $237,609 | $2,353 | 3.00% |
| COLUMBUS, OH (FHA|USDA|VA) | 16 | $3,790,000 | $236,875 | $2,616 | 3.22% |
| Fremont, OH (FHA|USDA|VA) | 23 | $3,595,000 | $156,304 | $2,476 | 2.99% |
| AKRON, OH (FHA|USDA|VA) | 1 | $3,005,000 | $3,005,000 | $17,929 | 4.10% |
| Norwalk, OH (FHA|USDA|VA) | 14 | $2,990,000 | $213,571 | $2,943 | 3.16% |
| LIMA, OH (FHA|USDA|VA) | 10 | $2,310,000 | $231,000 | $2,912 | 3.23% |
| Van Wert, OH (FHA|USDA|VA) | 17 | $2,125,000 | $125,000 | $2,178 | 2.86% |
| Sandusky, OH (FHA|USDA|VA) | 6 | $1,650,000 | $275,000 | $2,970 | 2.98% |
| Marion, OH (FHA|USDA|VA) | 7 | $1,485,000 | $212,143 | $2,257 | 3.23% |
| Bucyrus-Galion, OH (FHA|USDA|VA) | 8 | $1,160,000 | $145,000 | $2,480 | 2.96% |
| FORT WAYNE, IN (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $3,459 | 3.28% |
| Celina, OH (FHA|USDA|VA) | 4 | $380,000 | $95,000 | $2,566 | 2.49% |
| Bellefontaine, OH (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $1,445 | 3.20% |
| MANSFIELD, OH (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,627 | 3.43% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,283 | 4.29% |
| Defiance, OH (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $1,629 | 2.33% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 325 | $69,465,000 | $213,738 | $2,619 | 3.05% |
| VA | 1 | $225,000 | $225,000 | $8,380 | 2.25% |
For 2021, Ag Credit Agricultural Credit Association's most frequently originated type of loan was Conventional, with 325 originations. Their 2nd most popular type was VA, with 1 originations.
Loan Reason
For 2021, Ag Credit Agricultural Credit Association's most frequently cited loan purpose was Home Purchase, with 118 originations. The 2nd most popular reason was Cash Out Refi, with 115 originations.
Loan Duration/Length
For 2021, Ag Credit Agricultural Credit Association's most frequently cited loan duration was Other, with 218 originations. The 2nd most popular length was 15 Year, with 53 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 197 | $48,085,000 | $244,086 |
| $<1k | 128 | $21,440,000 | $167,500 |
| $2k-3k | 1 | $165,000 | $165,000 |
Ag Credit Agricultural Credit Association's average total fees were $3,176, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 197 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 135 | $28,925,000 | $214,259 |
| 2.5-3% | 117 | $21,775,000 | $186,111 |
| <2.5% | 55 | $6,795,000 | $123,545 |
| 4-5% | 17 | $11,935,000 | $702,059 |
| 5-6% | 2 | $260,000 | $130,000 |
During 2021, Ag Credit Agricultural Credit Association's average interest rate for loans was 3.26%, while their most frequently originated rate bucket for loans was 3-4%, with 135 originations.
Loan Sizing
2021 saw Ag Credit Agricultural Credit Association place emphasis on $100k-200k loans with 135 originations, totaling $19,955,000 in origination value.
Applicant Income
Ag Credit Agricultural Credit Association lent most frequently to those with incomes in the $100k-150k range, with 82 originations. The second most popular income band? $50k-75k, with 73 originations.
Applicant Debt to Income Ratio
Ag Credit Agricultural Credit Association lent most frequently to those with DTI ratios of <20%, with 159 originations. The next most common DTI ratio? 20-30%, with 91 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 325 | $69,215,000 | $212,969 | $2,635 | 3.05% |
| Not provided | 1 | $475,000 | $475,000 | $3,017 | 2.89% |
Approval Rates
Total approvals of all applications93.43%
Ag Credit Agricultural Credit Association has an average approval rate.
Pick Rate
Approvals leading to origination99.69%
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 |
|---|---|---|---|
| NA | 326 | $69,690,000 | $213,773 |