Agchoice Farm Credit Aca Mortgage Rates, Fees & Info
Mechanicsburg, PALEI: 254900VFBH9LZYIPIG73
Tax ID: 23-2983299
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Mortgage Data
Review & Overview
Agchoice Farm Credit Aca is a smaller mortgage company specializing in Home Purchase and Refi loans. Agchoice Farm Credit Aca has a high proportion of conventional loans. Their top markets by origination volume include: Pittsburgh, State College, Harrisburg, Chambersburg, and Erie among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)Agchoice Farm Credit Aca 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. Agchoice Farm Credit Aca 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 relatively high rates.
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Originations
166Origination Dollar Volume (All Markets)
$34,520,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 68 | $12,700,000 | $186,765 | $4,363 | 5.27% |
| PITTSBURGH, PA (FHA|USDA|VA) | 30 | $7,010,000 | $233,667 | $4,646 | 5.29% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 10 | $1,920,000 | $192,000 | $4,905 | 5.70% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 7 | $1,895,000 | $270,714 | $5,296 | 5.25% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 8 | $1,800,000 | $225,000 | $4,535 | 5.35% |
| ERIE, PA (FHA|USDA|VA) | 4 | $1,700,000 | $425,000 | $8,980 | 4.98% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 9 | $1,605,000 | $178,333 | $6,998 | 6.10% |
| GETTYSBURG, PA (FHA|USDA|VA) | 9 | $1,525,000 | $169,444 | $8,166 | 6.24% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 5 | $1,425,000 | $285,000 | $5,609 | 5.74% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 4 | $910,000 | $227,500 | $5,535 | 5.16% |
| WILLIAMSPORT, PA (FHA|USDA|VA) | 4 | $890,000 | $222,500 | $3,565 | 5.61% |
| ALTOONA, PA (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $4,473 | 5.10% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 4 | $470,000 | $117,500 | $3,200 | 4.84% |
| JOHNSTOWN, PA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,215 | 5.01% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 166 | $34,520,000 | $207,952 | $4,699 | 5.40% |
For 2018, Agchoice Farm Credit Aca's most frequently originated type of loan was Conventional, with 166 originations.
Loan Reason
For 2018, Agchoice Farm Credit Aca's most frequently cited loan purpose was Home Purchase, with 106 originations. The 2nd most popular reason was Refi, with 52 originations.
Loan Duration/Length
For 2018, Agchoice Farm Credit Aca's most frequently cited loan duration was Other, with 61 originations. The 2nd most popular length was 30 Year, with 33 originations.
Origination Fees/Closing Costs
Agchoice Farm Credit Aca's average total fees were $4,728, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 40 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 71 | $16,295,000 | $229,507 |
| 4-5% | 58 | $12,200,000 | $210,345 |
| 6-7% | 34 | $5,520,000 | $162,353 |
| 7-8% | 2 | $320,000 | $160,000 |
| Over 8% | 1 | $185,000 | $185,000 |
During 2018, Agchoice Farm Credit Aca's average interest rate for loans was 5.37%, while their most frequently originated rate bucket for loans was 5-6%, with 71 originations.
Loan Sizing
2018 saw Agchoice Farm Credit Aca place emphasis on $100k-200k loans with 65 originations, totaling $9,695,000 in origination value.
Applicant Income
Agchoice Farm Credit Aca lent most frequently to those with incomes in the $100k-150k range, with 44 originations. The second most popular income band? $50k-75k, with 30 originations.
Applicant Debt to Income Ratio
Agchoice Farm Credit Aca lent most frequently to those with DTI ratios of 30-36%, with 54 originations. The next most common DTI ratio? 20-30%, with 19 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.88%
Agchoice Farm Credit Aca has an average approval rate.
Pick Rate
Approvals leading to origination89.16%
Agchoice Farm Credit Aca has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 166 | $34,520,000 | $207,952 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 2 | $510,000 | $255,000 |
| Single Family (1-4 Units):Site-Built | 164 | $34,010,000 | $207,378 |