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, 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, Springfield, Kansas City, San Antonio, and Corsicana among others. We have data for 8 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. 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 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 | 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
103Origination Dollar Volume (All Markets)
$24,145,000Top 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) | 88 | $20,630,000 | $234,432 | $8,090 | 3.70% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 4 | $780,000 | $195,000 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $3,127 | 4.38% |
| Outside of Metro Areas | 3 | $685,000 | $228,333 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $0 | 0.00% |
| Corsicana, TX (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| LONGVIEW, TX (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 96 | $21,440,000 | $223,333 | $0 | 0.00% |
| Conventional | 7 | $2,705,000 | $386,429 | $6,672 | 3.89% |
For 2022, America's Credit Union's most frequently originated type of loan was Conventional, with 96 originations. Their 2nd most popular type was Conventional, with 7 originations.
Loan Reason
For 2022, America's Credit Union's most frequently cited loan purpose was Refi, with 31 originations. The 2nd most popular reason was Cash Out Refi, with 29 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 96 | $21,440,000 | $223,333 | $0 | 0.00% |
| 30 Year | 6 | $2,400,000 | $400,000 | $6,771 | 4.10% |
| 15 Year | 1 | $305,000 | $305,000 | $6,081 | 2.63% |
For 2022, America's Credit Union's most frequently cited loan duration was Other, with 96 originations. The 2nd most popular length was 30 Year, with 6 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 2 | $700,000 | $350,000 |
| $2k-3k | 2 | $670,000 | $335,000 |
| $3k-4k | 2 | $990,000 | $495,000 |
| $5k+ | 1 | $345,000 | $345,000 |
America's Credit Union's average total fees were $6,771, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 4 | $1,690,000 | $422,500 |
| 2.5-3% | 2 | $650,000 | $325,000 |
| 3-4% | 1 | $365,000 | $365,000 |
During 2022, America's Credit Union's average interest rate for loans was 4.10%, while their most frequently originated rate bucket for loans was 4-5%, with 4 originations.
Loan Sizing
2022 saw America's Credit Union place emphasis on $200k-400k loans with 42 originations, totaling $11,240,000 in origination value.
Applicant Income
America's Credit Union lent most frequently to those with incomes in the $100k-150k range, with 31 originations. The second most popular income band? $75k-100k, with 25 originations.
Applicant Debt to Income Ratio
America's Credit Union lent most frequently to those with DTI ratios of Exempt%, with 96 originations. The next most common DTI ratio? 44%, with 2 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.18%
America's Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination84.47%
America's Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 96 | $21,440,000 | $223,333 |
| NA | 7 | $2,705,000 | $386,429 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| AMERICAN ADVISORS GROUP | Reverse mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |
| AMERICAN ADVISORS GROUP | FHA mortgage | Closing on a mortgage | 1 | 50.0% |