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, Tupelo, Cullman, Daphne, and Alexander City among others. We have data for 19 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 have a below average pick rate when compared to similar 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% | 11/17/24 |
| 30 Year Conventional Refi | 5.51% | 11/17/24 |
| 30 Year Cash-out Refi | 5.93% | 11/17/24 |
| 15 Year Conventional Purchase | 5.65% | 11/17/24 |
| 15 Year Conventional Refi | 6.16% | 11/17/24 |
| 15 Year Cash-out Refi | 6.16% | 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. | ||
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
129Origination Dollar Volume (All Markets)
$30,025,000Top 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) | 93 | $19,145,000 | $205,860 | $0 | 3.82% |
| Tupelo, MS (FHA|USDA|VA) | 2 | $1,330,000 | $665,000 | $0 | 6.45% |
| Cullman, AL (FHA|USDA|VA) | 5 | $1,025,000 | $205,000 | $0 | 3.35% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 3 | $985,000 | $328,333 | $0 | 3.95% |
| Alexander City, AL (FHA|USDA|VA) | 2 | $950,000 | $475,000 | $0 | 4.45% |
| Jasper, AL (FHA|USDA|VA) | 6 | $920,000 | $153,333 | $0 | 3.62% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $0 | 4.95% |
| Albertville, AL (FHA|USDA|VA) | 1 | $715,000 | $715,000 | $0 | 3.95% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 4 | $700,000 | $175,000 | $0 | 3.95% |
| Outside of Metro Areas | 3 | $685,000 | $228,333 | $0 | 3.62% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 3.95% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 5.95% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 3.95% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 2.95% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 2.95% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 4.95% |
| Troy, AL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 3.95% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 2.95% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 2.95% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 129 | $30,025,000 | $232,752 | $0 | 3.86% |
For 2022, Acipco Federal Credit Union's most frequently originated type of loan was Conventional, with 129 originations.
Loan Reason
For 2022, Acipco Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 76 originations. The 2nd most popular reason was Refi, with 43 originations.
Loan Duration/Length
For 2022, Acipco Federal Credit Union's most frequently cited loan duration was 30 Year, with 93 originations. The 2nd most popular length was 5 Year, with 18 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 1 | $155,000 | $155,000 |
Acipco Federal Credit Union's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1 originations.
Interest Rates
During 2022, Acipco Federal Credit Union's average interest rate for loans was 3.81%, while their most frequently originated rate bucket for loans was 3-4%, with 51 originations.
Loan Sizing
2022 saw Acipco Federal Credit Union place emphasis on $100k-200k loans with 49 originations, totaling $7,685,000 in origination value.
Applicant Income
Acipco Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 34 originations. The second most popular income band? $100k-150k, with 29 originations.
Applicant Debt to Income Ratio
Acipco Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 41 originations. The next most common DTI ratio? <20%, with 26 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 109 | $26,465,000 | $242,798 | $0 | 3.83% |
| Black | 20 | $3,560,000 | $178,000 | $0 | 4.00% |
Approval Rates
Total approvals of all applications83.84%
Acipco Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination72.87%
Acipco Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 129 | $30,025,000 | $232,752 |