America's Credit Union Mortgage Rates, Fees & Info

GARLAND, TX

LEI: 254900H6Q0VRU6MPSX83

Tax ID: 75-6016747

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
  • 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

    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 a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Springfield, Sherman, Tyler, and St. Louis 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 an above average pick rate when compared to similar lenders. America's 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 5.92% 11/17/24
    30 Year Cash-out Refi 6.50% 11/17/24
    15 Year Conventional Purchase 5.68% 11/17/24
    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

    56

    Origination Dollar Volume (All Markets)

    $9,740,000

    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
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 35 $6,205,000 $177,286 $2,135 3.85%
    SPRINGFIELD, MO (FHA|USDA|VA) 16 $2,730,000 $170,625 $1,487 3.68%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
    Outside of Metro Areas 2 $240,000 $120,000 $3,017 3.75%
    TYLER, TX (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $25,000 $25,000 $798 3.50%
    America's Credit Union's top markets include Dallas, Springfield, Sherman, Tyler, and St. Louis among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 32 $4,550,000 $142,188 $1,979 3.80%
    Conventional 24 $5,190,000 $216,250 $0 0.00%

    For 2020, America's Credit Union's most frequently originated type of loan was Conventional, with 32 originations. Their 2nd most popular type was Conventional, with 24 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 32 $4,540,000 $141,875 $2,020 3.83%
    Home Purchase 19 $4,395,000 $231,316 $1,605 3.63%
    Refi 5 $805,000 $161,000 $1,963 3.65%

    For 2020, America's Credit Union's most frequently cited loan purpose was Cash Out Refi, with 32 originations. The 2nd most popular reason was Home Purchase, with 19 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 25 $5,245,000 $209,800 $1,264 3.99%
    15 Year 8 $1,240,000 $155,000 $2,349 3.66%
    10 Year 7 $415,000 $59,286 $835 3.61%
    20 Year 7 $1,665,000 $237,857 $3,239 4.27%
    30 Year 6 $1,090,000 $181,667 $2,254 3.93%
    5 Year 3 $85,000 $28,333 $412 3.25%

    For 2020, America's Credit Union's most frequently cited loan duration was Other, with 25 originations. The 2nd most popular length was 15 Year, with 8 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 31 $4,515,000 $145,645

    America's Credit Union's average total fees were $2,254, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 31 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 23 $3,155,000 $137,174
    4-5% 8 $1,260,000 $157,500
    2.5-3% 1 $135,000 $135,000

    During 2020, America's Credit Union's average interest rate for loans was 3.93%, while their most frequently originated rate bucket for loans was 3-4%, with 23 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 20 $4,890,000 $244,500 $2,768 3.95%
    $100k-200k 19 $2,735,000 $143,947 $2,280 3.90%
    $100,000 or less 15 $815,000 $54,333 $869 3.60%
    $400k-600k 1 $595,000 $595,000 $5,689 3.99%
    $600k-1MM 1 $705,000 $705,000 $0 0.00%

    2020 saw America's Credit Union place emphasis on $200k-400k loans with 20 originations, totaling $4,890,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 14 $2,730,000 $195,000 $2,369 4.18%
    $75k-100k 14 $2,260,000 $161,429 $1,974 3.75%
    $50k-75k 13 $1,935,000 $148,846 $1,649 3.69%
    $150k-250k 8 $2,210,000 $276,250 $2,951 3.83%
    $50k or less 6 $400,000 $66,667 $1,155 3.67%
    $250k+ 1 $205,000 $205,000 $0 0.00%

    America's Credit Union lent most frequently to those with incomes in the $100k-150k range, with 14 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% 24 $5,190,000 $216,250 $0 0.00%
    20-30% 11 $1,275,000 $115,909 $1,521 3.87%
    30-36% 7 $1,625,000 $232,143 $2,777 3.85%
    <20% 6 $550,000 $91,667 $1,533 3.74%
    38% 3 $515,000 $171,667 $2,596 3.86%
    42% 2 $220,000 $110,000 $1,666 3.67%
    46% 1 $135,000 $135,000 $2,504 3.99%
    48% 1 $95,000 $95,000 $1,874 3.75%
    37% 1 $135,000 $135,000 $2,473 2.99%

    America's Credit Union lent most frequently to those with DTI ratios of Exempt%, with 24 originations. The next most common DTI ratio? 20-30%, with 11 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 51 $8,215,000 $161,078 $1,949 3.79%
    Black 5 $1,525,000 $305,000 $2,920 4.09%

    Approval Rates

    Total approvals of all applications
    98.31%

    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 origination
    96.43%

    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 24 $5,190,000 $216,250
    NA 32 $4,550,000 $142,188

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $125,000 $125,000
    Single Family (1-4 Units):Site-Built 55 $9,615,000 $174,818

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2 $90,000 $45,000 $829 3.75%
    40-60% 6 $680,000 $113,333 $1,818 3.75%
    60-80% 14 $2,920,000 $208,571 $2,860 4.07%
    80-100% 4 $670,000 $167,500 $1,822 3.47%
    Under 20% 6 $190,000 $31,667 $575 3.46%

    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%