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, York, Gettysburg, and Harrisburg among others. We have data for 18 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 about average rates.
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Originations
137Origination Dollar Volume (All Markets)
$31,435,000Top 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 | 47 | $8,525,000 | $181,383 | $4,764 | 4.71% |
| PITTSBURGH, PA (FHA|USDA|VA) | 30 | $6,840,000 | $228,000 | $5,093 | 4.73% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 11 | $3,445,000 | $313,182 | $5,450 | 4.86% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 9 | $2,235,000 | $248,333 | $6,140 | 5.18% |
| GETTYSBURG, PA (FHA|USDA|VA) | 7 | $2,235,000 | $319,286 | $5,814 | 5.18% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 8 | $2,040,000 | $255,000 | $6,158 | 5.04% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 5 | $1,835,000 | $367,000 | $5,446 | 5.73% |
| ALTOONA, PA (FHA|USDA|VA) | 5 | $815,000 | $163,000 | $4,467 | 5.07% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $0 | 5.28% |
| WILLIAMSPORT, PA (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $4,817 | 4.80% |
| ERIE, PA (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $6,999 | 4.86% |
| WHEELING, WV-OH (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $6,687 | 3.96% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $5,168 | 3.94% |
| Lewistown, PA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $6,140 | 4.95% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $5,829 | 4.94% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 5.16% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $3,767 | 4.95% |
| JOHNSTOWN, PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,837 | 4.05% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 137 | $31,435,000 | $229,453 | $5,112 | 4.85% |
For 2019, Agchoice Farm Credit Aca's most frequently originated type of loan was Conventional, with 137 originations.
Loan Reason
For 2019, Agchoice Farm Credit Aca's most frequently cited loan purpose was Home Purchase, with 104 originations. The 2nd most popular reason was Refi, with 30 originations.
Loan Duration/Length
For 2019, Agchoice Farm Credit Aca's most frequently cited loan duration was Other, with 56 originations. The 2nd most popular length was 30 Year, with 41 originations.
Origination Fees/Closing Costs
Agchoice Farm Credit Aca's average total fees were $5,509, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 44 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 60 | $14,410,000 | $240,167 |
| 5-6% | 39 | $7,755,000 | $198,846 |
| 3-4% | 22 | $5,140,000 | $233,636 |
| 6-7% | 16 | $4,130,000 | $258,125 |
During 2019, Agchoice Farm Credit Aca's average interest rate for loans was 4.58%, while their most frequently originated rate bucket for loans was 4-5%, with 60 originations.
Loan Sizing
2019 saw Agchoice Farm Credit Aca place emphasis on $100k-200k loans with 50 originations, totaling $7,420,000 in origination value.
Applicant Income
Agchoice Farm Credit Aca lent most frequently to those with incomes in the $100k-150k range, with 35 originations. The second most popular income band? $150k-250k, with 25 originations.
Applicant Debt to Income Ratio
Agchoice Farm Credit Aca lent most frequently to those with DTI ratios of 20-30%, with 23 originations. The next most common DTI ratio? 30-36%, with 21 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.12%
Agchoice Farm Credit Aca has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination86.13%
Agchoice Farm Credit Aca has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 137 | $31,435,000 | $229,453 |