America's Credit Union Mortgage Rates, Fees & Info
GARLAND, TXLEI: 254900H6Q0VRU6MPSX83
Tax ID: 75-6016747
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Mortgage Data
Review & Overview
America's Credit Union is a smaller credit union specializing in Refi and Home Purchase loans. America's Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Springfield, Albuquerque, Longview, and Corsicana among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)America's Credit Union has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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 | 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
74Origination Dollar Volume (All Markets)
$10,930,000Top 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 |
|---|---|---|---|---|---|
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 51 | $7,565,000 | $148,333 | $0 | 0.00% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 19 | $2,905,000 | $152,895 | $0 | 0.00% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $75,000 | $75,000 | $0 | 0.00% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| Corsicana, TX (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 74 | $10,930,000 | $147,703 | $0 | 0.00% |
For 2019, America's Credit Union's most frequently originated type of loan was Conventional, with 74 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 45 | $5,285,000 | $117,444 | $0 | 0.00% |
| Home Purchase | 20 | $4,420,000 | $221,000 | $0 | 0.00% |
| Cash Out Refi | 9 | $1,225,000 | $136,111 | $0 | 0.00% |
For 2019, America's Credit Union's most frequently cited loan purpose was Refi, with 45 originations. The 2nd most popular reason was Home Purchase, with 20 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 74 | $10,930,000 | $147,703 | $0 | 0.00% |
For 2019, America's Credit Union's most frequently cited loan duration was Other, with 74 originations.
Loan Sizing
2019 saw America's Credit Union place emphasis on $100,000 or less loans with 32 originations, totaling $1,960,000 in origination value.
Applicant Income
America's Credit Union lent most frequently to those with incomes in the $100k-150k range, with 18 originations. The second most popular income band? $50k-75k, with 18 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 74 | $10,930,000 | $147,703 | $0 | 0.00% |
America's Credit Union lent most frequently to those with DTI ratios of Exempt%, with 74 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.89%
America's 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 origination81.08%
America's Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 74 | $10,930,000 | $147,703 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 74 | $10,930,000 | $147,703 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| AMERICA FIRST FEDERAL CREDIT UNION | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 100.0% |