Acipco Federal Credit Union Mortgage Rates, Fees & Info
Birmingham, ALLEI: 254900OYJ23M4J7IJI76
Tax ID: 63-0500013
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Mortgage Data
Review & Overview
Acipco Federal Credit Union is a smaller credit union specializing in Home Purchase and Refi loans. Acipco Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Birmingham, Cullman, Tuscaloosa, Tupelo, and Memphis among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)Acipco Federal Credit Union has an average approval rate when compared to the average across all lenders. 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 | 5.42% | 11/22/24 |
| 30 Year Conventional Refi | 5.51% | 11/22/24 |
| 30 Year Cash-out Refi | 5.93% | 11/22/24 |
| 15 Year Conventional Purchase | 5.65% | 11/22/24 |
| 15 Year Conventional Refi | 6.16% | 11/22/24 |
| 15 Year Cash-out Refi | 6.16% | 11/22/24 |
| 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. | ||
Acipco 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
76Origination Dollar Volume (All Markets)
$12,360,000Top 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 |
|---|---|---|---|---|---|
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 54 | $8,220,000 | $152,222 | $0 | 4.78% |
| Cullman, AL (FHA|USDA|VA) | 5 | $1,145,000 | $229,000 | $0 | 4.75% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 4 | $590,000 | $147,500 | $0 | 4.59% |
| Tupelo, MS (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 4.95% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 4.95% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 4.95% |
| GADSDEN, AL (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $0 | 4.50% |
| Outside of Metro Areas | 3 | $335,000 | $111,667 | $0 | 4.95% |
| Jasper, AL (FHA|USDA|VA) | 3 | $285,000 | $95,000 | $0 | 4.95% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 3.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 4.95% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 76 | $12,360,000 | $162,632 | $0 | 4.75% |
For 2019, Acipco Federal Credit Union's most frequently originated type of loan was Conventional, with 76 originations.
Loan Reason
For 2019, Acipco Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 43 originations. The 2nd most popular reason was Refi, with 24 originations.
Loan Duration/Length
For 2019, Acipco Federal Credit Union's most frequently cited loan duration was 30 Year, with 62 originations. The 2nd most popular length was 15 Year, with 8 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 70 | $11,450,000 | $163,571 |
| 2.5-3% | 2 | $430,000 | $215,000 |
| 3-4% | 2 | $280,000 | $140,000 |
During 2019, Acipco Federal Credit Union's average interest rate for loans was 4.80%, while their most frequently originated rate bucket for loans was 4-5%, with 70 originations.
Loan Sizing
2019 saw Acipco Federal Credit Union place emphasis on $100k-200k loans with 39 originations, totaling $5,725,000 in origination value.
Applicant Income
Acipco Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 23 originations. The second most popular income band? $75k-100k, with 17 originations.
Applicant Debt to Income Ratio
Acipco Federal Credit Union lent most frequently to those with DTI ratios of <20%, with 20 originations. The next most common DTI ratio? 20-30%, with 17 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 66 | $11,120,000 | $168,485 | $0 | 4.78% |
| Black | 10 | $1,240,000 | $124,000 | $0 | 4.58% |
Approval Rates
Total approvals of all applications77.55%
Acipco Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 76 | $12,360,000 | $162,632 |