American Broadcast Employees Federal Credit Union Mortgage Rates, Fees & Info

Rockville Centre, NY

LEI: 254900EKE4KU163TA318

Tax ID: 13-6360695

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
  • Complaints
  • Similar Lenders
  • 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

    American Broadcast Employees Federal Credit Union is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. American Broadcast Employees Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: New York, Trenton, Glens Falls, Hartford, and New Haven among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

    American Broadcast Employees Federal Credit Union has an above average approval rate when compared to the average across all lenders. American Broadcast Employees Federal Credit Union 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 6.27% 12/30/24
    30 Year Cash-out Refi 6.27% 12/30/24
    15 Year Conventional Purchase 5.68% 12/30/24
    15 Year Conventional Refi 5.68% 12/30/24
    15 Year Cash-out Refi 5.68% 12/30/24
    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.

    American Broadcast Employees Federal Credit Union Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from American Broadcast Employees Federal Credit Union. 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

    37

    Origination Dollar Volume (All Markets)

    $8,325,000

    Awards

    American Broadcast Employees Federal Credit Union 30 Year Conventional Loans silver
    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
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 27 $6,145,000 $227,593 $3,216 3.22%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $645,000 $645,000 $13,398 3.50%
    GLENS FALLS, NY (FHA|USDA|VA) 1 $595,000 $595,000 $4,132 3.75%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 2 $330,000 $165,000 $2,844 3.00%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $135,000 $135,000 $5,341 3.00%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $135,000 $135,000 $2,838 3.50%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $115,000 $115,000 $3,773 3.13%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $105,000 $105,000 $200 5.25%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $95,000 $95,000 $2,088 3.00%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $25,000 $25,000 $1,528 3.50%
    American Broadcast Employees Federal Credit Union's top markets include New York, Trenton, Glens Falls, Hartford, and New Haven among others.

    Their top states include:
  • New York (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Connecticut (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against American Broadcast Employees Federal Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    The First National Bank of Long Island
    Similarity Rank: 134
    North Jersey Federal Credit Union
    Similarity Rank: 247
    N C P D Federal Credit Union
    Similarity Rank: 482
    MOUNTAIN MORTGAGE CORP.
    Similarity Rank: 538
    ATLANTIS MORTGAGE CO., INC.
    Similarity Rank: 668
    TEG Federal Credit Union
    Similarity Rank: 715
    Hanover Community Bank
    Similarity Rank: 727
    Roselle Bank
    Similarity Rank: 796
    Poli Mortgage Group, Inc.
    Similarity Rank: 1012
    Schuyler Savings Bank
    Similarity Rank: 1083

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 37 $8,325,000 $225,000 $3,401 3.28%

    For 2020, American Broadcast Employees Federal Credit Union's most frequently originated type of loan was Conventional, with 37 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 24 $4,930,000 $205,417 $3,868 3.26%
    Cash Out Refi 11 $2,945,000 $267,727 $2,676 3.34%
    Refi 2 $450,000 $225,000 $1,778 3.25%

    For 2020, American Broadcast Employees Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 24 originations. The 2nd most popular reason was Cash Out Refi, with 11 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 24 $6,770,000 $282,083 $4,168 3.13%
    15 Year 9 $795,000 $88,333 $1,926 3.54%
    10 Year 2 $210,000 $105,000 $990 4.25%
    30+ year 2 $550,000 $275,000 $3,241 3.06%

    For 2020, American Broadcast Employees Federal Credit Union's most frequently cited loan duration was 30 Year, with 24 originations. The 2nd most popular length was 15 Year, with 9 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 18 $5,110,000 $283,889
    $1k-2k 17 $1,995,000 $117,353
    $5k+ 2 $1,220,000 $610,000

    American Broadcast Employees Federal Credit Union's average total fees were $4,168, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 18 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 22 $5,020,000 $228,182
    2.5-3% 14 $3,200,000 $228,571
    5-6% 1 $105,000 $105,000

    During 2020, American Broadcast Employees Federal Credit Union's average interest rate for loans was 3.13%, while their most frequently originated rate bucket for loans was 3-4%, with 22 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 13 $1,565,000 $120,385 $2,343 3.40%
    $100,000 or less 10 $730,000 $73,000 $1,851 3.30%
    $200k-400k 8 $2,540,000 $317,500 $3,450 3.06%
    $400k-600k 4 $2,190,000 $547,500 $5,921 3.19%
    $600k-1MM 2 $1,300,000 $650,000 $12,792 3.50%

    2020 saw American Broadcast Employees Federal Credit Union place emphasis on $100k-200k loans with 13 originations, totaling $1,565,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 9 $1,575,000 $175,000 $1,978 3.31%
    $75k-100k 7 $1,115,000 $159,286 $3,397 3.34%
    $150k-250k 6 $1,750,000 $291,667 $3,716 3.02%
    $250k+ 5 $2,625,000 $525,000 $7,589 3.40%
    $50k-75k 5 $815,000 $163,000 $2,980 3.40%
    $50k or less 5 $445,000 $89,000 $1,821 3.25%

    American Broadcast Employees Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 9 originations. The second most popular income band? $75k-100k, with 7 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 7 $1,855,000 $265,000 $4,243 3.20%
    20-30% 6 $1,220,000 $203,333 $2,223 3.29%
    44% 4 $420,000 $105,000 $1,857 3.13%
    <20% 4 $960,000 $240,000 $2,589 3.31%
    42% 3 $835,000 $278,333 $3,687 3.13%
    38% 3 $465,000 $155,000 $1,732 3.42%
    41% 2 $780,000 $390,000 $7,631 3.25%
    43% 2 $450,000 $225,000 $2,899 3.06%
    39% 2 $470,000 $235,000 $5,643 3.44%
    45% 2 $200,000 $100,000 $2,899 3.19%
    48% 1 $565,000 $565,000 $10,410 2.88%
    >60% 1 $105,000 $105,000 $200 5.25%

    American Broadcast Employees Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 7 originations. The next most common DTI ratio? 20-30%, with 6 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not provided 18 $4,010,000 $222,778 $3,677 3.23%
    White 13 $2,505,000 $192,692 $2,690 3.40%
    Black 3 $1,255,000 $418,333 $6,494 3.29%
    Asian 3 $555,000 $185,000 $1,730 3.08%

    Approval Rates

    Total approvals of all applications
    100.00%

    American Broadcast 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 origination

    Points and Fees

    Points Originations Total Value Average Loan
    NA 37 $8,325,000 $225,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 37 $8,325,000 $225,000

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 3 $935,000 $311,667 $2,891 3.79%
    40-60% 6 $1,200,000 $200,000 $2,453 3.23%
    60-80% 15 $2,385,000 $159,000 $2,233 3.30%
    80-100% 11 $3,655,000 $332,273 $5,849 3.16%
    Under 20% 2 $150,000 $75,000 $2,302 3.25%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    AMERICA FIRST FEDERAL CREDIT UNION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 66.7%
    AMERICA FIRST FEDERAL CREDIT UNION Conventional home mortgage Closing on a mortgage 1 33.3%