America's Credit Union Mortgage Rates, Fees & Info

GARLAND, TX

LEI: 254900H6Q0VRU6MPSX83

Tax ID: 75-6016747

5 stars - Updated: 12/16/24 - out of 5 stars, based on 8 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

America's Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. America's Credit Union has a high proportion of conventional loans. America's Credit Union has an average proportion of conventional loans. Their top markets by origination volume include: Dallas, Little Rock, Sherman, Austin, and Springfield among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

America's Credit Union 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. America's Credit Union is typically an average 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 relatively high 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 5.92% 12/16/24
30 Year Cash-out Refi 6.50% 12/16/24
15 Year Conventional Purchase 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.

America's Credit Union Mortgage Calculator






Your Estimates

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

This is not an official calculator from America's 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

60

Origination Dollar Volume (All Markets)

$12,930,000

Relative Rate

America's Credit Union's average 30 year fixed mortgage rate was 6.5%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.02%.

Relative Fees (Closing Costs)

America's Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $7,031.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

Top Markets

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    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
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 50 $10,930,000 $218,600 $5,778 6.71%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $405,000 $405,000 $7,672 5.38%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $335,000 $335,000 $0 0.00%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $305,000 $305,000 $5,493 7.13%
    SPRINGFIELD, MO (FHA|USDA|VA) 2 $290,000 $145,000 $0 0.00%
    WACO, TX (FHA|USDA|VA) 1 $275,000 $275,000 $9,995 6.75%
    Outside of Metro Areas 1 $225,000 $225,000 $0 0.00%
    Athens, TX (FHA|USDA|VA) 2 $130,000 $65,000 $0 0.00%
    SAN ANGELO, TX (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
    America's Credit Union's top markets include Dallas, Little Rock, Sherman, Austin, and Springfield among others.

    Their top states include:
  • Texas (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 54 $11,090,000 $205,370 $0 0.00%
    Conventional 6 $1,840,000 $306,667 $6,749 6.56%

    For 2023, America's Credit Union's most frequently originated type of loan was Conventional, with 54 originations. Their 2nd most popular type was Conventional, with 6 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 29 $6,155,000 $212,241 $5,057 6.75%
    Home Purchase 13 $5,325,000 $409,615 $7,087 6.53%
    Other 12 $950,000 $79,167 $0 0.00%
    Refi 4 $370,000 $92,500 $0 0.00%
    Home Improvement 2 $130,000 $65,000 $0 0.00%

    For 2023, America's Credit Union's most frequently cited loan purpose was Cash Out Refi, with 29 originations. The 2nd most popular reason was Home Purchase, with 13 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 54 $11,090,000 $205,370 $0 0.00%
    30 Year 5 $1,435,000 $287,000 $7,031 6.50%
    20 Year 1 $405,000 $405,000 $5,340 6.88%

    For 2023, America's Credit Union's most frequently cited loan duration was Other, with 54 originations. The 2nd most popular length was 30 Year, with 5 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 3 $855,000 $285,000
    $5k+ 2 $680,000 $340,000
    $3k-4k 1 $305,000 $305,000

    America's Credit Union's average total fees were $7,031, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 3 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 4 $1,130,000 $282,500
    5-6% 1 $405,000 $405,000
    7-8% 1 $305,000 $305,000

    During 2023, America's Credit Union's average interest rate for loans was 6.50%, while their most frequently originated rate bucket for loans was 6-7%, with 4 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 28 $1,940,000 $69,286 $0 0.00%
    $100k-200k 15 $2,385,000 $159,000 $5,057 6.75%
    $200k-400k 10 $2,790,000 $279,000 $7,475 6.79%
    $400k-600k 3 $1,225,000 $408,333 $6,506 6.13%
    $1MM+ 2 $3,220,000 $1,610,000 $0 0.00%
    $600k-1MM 2 $1,370,000 $685,000 $0 0.00%

    2023 saw America's Credit Union place emphasis on $100,000 or less loans with 28 originations, totaling $1,940,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 17 $2,545,000 $149,706 $5,340 6.88%
    $75k-100k 14 $1,560,000 $111,429 $5,275 6.94%
    $150k-250k 9 $2,755,000 $306,111 $8,201 6.21%
    $50k or less 8 $800,000 $100,000 $0 0.00%
    $50k-75k 6 $890,000 $148,333 $0 0.00%
    $250k+ 5 $4,215,000 $843,000 $0 0.00%

    America's Credit Union lent most frequently to those with incomes in the $100k-150k range, with 17 originations. The second most popular income band? $75k-100k, with 14 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 54 $11,090,000 $205,370 $0 0.00%
    41% 1 $405,000 $405,000 $5,340 6.88%
    42% 1 $405,000 $405,000 $7,672 5.38%
    30-36% 1 $145,000 $145,000 $5,057 6.75%
    47% 1 $305,000 $305,000 $5,493 7.13%
    49% 1 $275,000 $275,000 $9,995 6.75%
    45% 1 $305,000 $305,000 $6,936 6.50%

    America's Credit Union lent most frequently to those with DTI ratios of Exempt%, with 54 originations. The next most common DTI ratio? 41%, with 1 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 46 $6,600,000 $143,478 $6,471 6.88%
    Black 11 $5,345,000 $485,909 $7,304 5.94%
    Asian Indian 1 $665,000 $665,000 $0 0.00%
    Asian 1 $285,000 $285,000 $0 0.00%
    Not provided 1 $35,000 $35,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    83.75%

    America's Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    96.67%

    America's Credit Union 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
    Exempt 54 $11,090,000 $205,370
    NA 6 $1,840,000 $306,667

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    60 $12,930,000 $215,500

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    40-60% 1 $145,000 $145,000 $5,057 6.75%
    80-100% 5 $1,695,000 $339,000 $7,087 6.53%