American Broadcast Employees Federal Credit Union Mortgage Rates, Fees & Info
Rockville Centre, NYLEI: 254900EKE4KU163TA318
Tax ID: 13-6360695
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Mortgage Data
Review & Overview
American Broadcast Employees Federal Credit Union is a smaller credit union specializing in Home Purchase and Refi loans. American Broadcast Employees Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: New York, Hartford, San Francisco, Orlando, and Bridgeport 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. They have an above average pick rate when compared to similar 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.27% | 12/16/24 |
| 30 Year Cash-out Refi | 6.27% | 12/16/24 |
| 15 Year Conventional Purchase | 5.68% | 12/16/24 |
| 15 Year Conventional Refi | 5.68% | 12/16/24 |
| 15 Year Cash-out Refi | 5.68% | 12/16/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
43Origination Dollar Volume (All Markets)
$10,265,000Awards
American Broadcast Employees Federal Credit Union - 2021
American Broadcast Employees Federal Credit Union is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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) | 28 | $5,110,000 | $182,500 | $2,609 | 3.24% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 6 | $1,640,000 | $273,333 | $6,610 | 3.33% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $1,625,000 | $1,625,000 | $4,714 | 3.50% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $3,666 | 3.00% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $15,880 | 3.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $4,807 | 3.50% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,571 | 3.00% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,587 | 3.50% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 5.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 5.00% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 43 | $10,265,000 | $238,721 | $3,600 | 3.33% |
For 2021, American Broadcast Employees Federal Credit Union's most frequently originated type of loan was Conventional, with 43 originations.
Loan Reason
For 2021, American Broadcast Employees Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 30 originations. The 2nd most popular reason was Refi, with 8 originations.
Loan Duration/Length
For 2021, American Broadcast Employees Federal Credit Union's most frequently cited loan duration was 30 Year, with 22 originations. The 2nd most popular length was 15 Year, with 15 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 28 | $4,900,000 | $175,000 |
| $<1k | 9 | $4,115,000 | $457,222 |
| $2k-3k | 2 | $590,000 | $295,000 |
| $5k+ | 1 | $545,000 | $545,000 |
American Broadcast Employees Federal Credit Union's average total fees were $4,638, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 28 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 20 | $5,250,000 | $262,500 |
| 2.5-3% | 19 | $4,815,000 | $253,421 |
| 4-5% | 3 | $115,000 | $38,333 |
| <2.5% | 1 | $85,000 | $85,000 |
During 2021, American Broadcast Employees Federal Credit Union's average interest rate for loans was 3.07%, while their most frequently originated rate bucket for loans was 3-4%, with 20 originations.
Loan Sizing
2021 saw American Broadcast Employees Federal Credit Union place emphasis on $100,000 or less loans with 18 originations, totaling $1,340,000 in origination value.
Applicant Income
American Broadcast Employees Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 14 originations. The second most popular income band? $50k-75k, with 11 originations.
Applicant Debt to Income Ratio
American Broadcast Employees Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 10 originations. The next most common DTI ratio? <20%, with 7 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
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 origination93.02%
American Broadcast Employees Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 43 | $10,265,000 | $238,721 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| AMERICA FIRST FEDERAL CREDIT UNION | Home equity loan or line of credit (HELOC) | Incorrect information on your report | 1 | 33.3% |
| AMERICA FIRST FEDERAL CREDIT UNION | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 1 | 33.3% |
| AMERICA FIRST FEDERAL CREDIT UNION | Other type of mortgage | Struggling to pay mortgage | 1 | 33.3% |