Agchoice Farm Credit Aca Mortgage Rates, Fees & Info

Mechanicsburg, PA

LEI: 254900VFBH9LZYIPIG73

Tax ID: 23-2983299

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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, Harrisburg, State College, Chambersburg, and Bloomsburg among others. We have data for 15 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 an above 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.

    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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    Originations

    222

    Origination Dollar Volume (All Markets)

    $48,560,000

    Top 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 85 $16,065,000 $189,000 $4,671 3.38%
    PITTSBURGH, PA (FHA|USDA|VA) 42 $9,590,000 $228,333 $5,133 3.33%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 15 $3,765,000 $251,000 $5,600 3.51%
    STATE COLLEGE, PA (FHA|USDA|VA) 12 $3,450,000 $287,500 $5,820 3.47%
    CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 15 $3,025,000 $201,667 $5,128 3.43%
    BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 13 $2,925,000 $225,000 $5,031 3.27%
    YORK-HANOVER, PA (FHA|USDA|VA) 8 $2,430,000 $303,750 $6,687 3.51%
    GETTYSBURG, PA (FHA|USDA|VA) 7 $1,985,000 $283,571 $7,562 4.21%
    ALTOONA, PA (FHA|USDA|VA) 7 $1,745,000 $249,286 $4,776 3.89%
    ERIE, PA (FHA|USDA|VA) 6 $1,450,000 $241,667 $5,474 3.30%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 5 $965,000 $193,000 $4,716 3.54%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 2 $360,000 $180,000 $5,453 3.07%
    WILLIAMSPORT, PA (FHA|USDA|VA) 2 $340,000 $170,000 $8,985 5.24%
    JOHNSTOWN, PA (FHA|USDA|VA) 1 $245,000 $245,000 $6,025 3.33%
    LANCASTER, PA (FHA|USDA|VA) 2 $220,000 $110,000 $4,583 4.17%
    Agchoice Farm Credit Aca's top markets include Pittsburgh, Harrisburg, State College, Chambersburg, and Bloomsburg among others.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • New York (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 222 $48,560,000 $218,739 $5,109 3.45%

    For 2020, Agchoice Farm Credit Aca's most frequently originated type of loan was Conventional, with 222 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 124 $27,770,000 $223,952 $5,466 3.63%
    Refi 81 $18,035,000 $222,654 $5,001 3.21%
    Home Improvement 11 $1,615,000 $146,818 $2,752 3.23%
    Other 6 $1,140,000 $190,000 $4,781 3.28%

    For 2020, Agchoice Farm Credit Aca's most frequently cited loan purpose was Home Purchase, with 124 originations. The 2nd most popular reason was Refi, with 81 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 108 $23,440,000 $217,037 $4,859 3.36%
    30 Year 49 $11,935,000 $243,571 $5,728 3.43%
    15 Year 33 $6,845,000 $207,424 $5,257 3.71%
    20 Year 17 $4,175,000 $245,588 $5,827 3.63%
    10 Year 10 $1,750,000 $175,000 $4,754 3.23%
    5 Year 4 $210,000 $52,500 $964 3.55%
    30+ year 1 $205,000 $205,000 $4,421 4.21%

    For 2020, Agchoice Farm Credit Aca's most frequently cited loan duration was Other, with 108 originations. The 2nd most popular length was 30 Year, with 49 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 104 $19,600,000 $188,462
    $1k-2k 36 $5,350,000 $148,611
    $3k-4k 32 $11,110,000 $347,188
    $<1k 11 $565,000 $51,364
    $4k-5k 7 $3,565,000 $509,286
    $5k+ 3 $2,245,000 $748,333

    Agchoice Farm Credit Aca's average total fees were $5,728, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 104 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 101 $22,235,000 $220,149
    2.5-3% 74 $17,200,000 $232,432
    4-5% 24 $4,920,000 $205,000
    5-6% 14 $2,920,000 $208,571
    <2.5% 7 $1,065,000 $152,143
    6-7% 2 $220,000 $110,000

    During 2020, Agchoice Farm Credit Aca's average interest rate for loans was 3.43%, while their most frequently originated rate bucket for loans was 3-4%, with 101 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 94 $13,880,000 $147,660 $4,472 3.51%
    $200k-400k 80 $21,960,000 $274,500 $5,852 3.35%
    $100,000 or less 28 $1,870,000 $66,786 $2,369 3.58%
    $400k-600k 16 $7,910,000 $494,375 $8,047 3.29%
    $600k-1MM 4 $2,940,000 $735,000 $11,741 3.79%

    2020 saw Agchoice Farm Credit Aca place emphasis on $100k-200k loans with 94 originations, totaling $13,880,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 64 $14,930,000 $233,281 $5,244 3.56%
    $150k-250k 47 $13,365,000 $284,362 $5,743 3.37%
    $75k-100k 36 $6,540,000 $181,667 $4,749 3.32%
    $50k-75k 34 $6,050,000 $177,941 $4,829 3.36%
    $50k or less 24 $3,510,000 $146,250 $4,276 3.32%
    $250k+ 13 $3,515,000 $270,385 $5,734 3.60%

    Agchoice Farm Credit Aca lent most frequently to those with incomes in the $100k-150k range, with 64 originations. The second most popular income band? $150k-250k, with 47 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 61 $12,985,000 $212,869 $5,285 3.22%
    30-36% 49 $8,335,000 $170,102 $4,321 3.22%
    <20% 14 $2,590,000 $185,000 $4,499 3.15%
    38% 10 $2,570,000 $257,000 $5,662 3.23%
    36% 9 $3,165,000 $351,667 $6,977 3.19%
    37% 4 $690,000 $172,500 $3,901 3.35%
    40% 3 $1,535,000 $511,667 $9,471 3.21%
    44% 2 $550,000 $275,000 $5,683 2.78%
    47% 2 $590,000 $295,000 $4,543 3.51%
    48% 2 $600,000 $300,000 $6,616 3.21%
    39% 2 $750,000 $375,000 $7,006 3.60%
    50-60% 1 $285,000 $285,000 $6,381 2.84%
    42% 1 $285,000 $285,000 $5,320 2.88%
    43% 1 $205,000 $205,000 $4,379 3.02%
    46% 1 $445,000 $445,000 $8,055 4.20%

    Agchoice Farm Credit Aca lent most frequently to those with DTI ratios of 20-30%, with 61 originations. The next most common DTI ratio? 30-36%, with 49 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 205 $44,805,000 $218,561 $5,133 3.43%
    Not provided 13 $2,275,000 $175,000 $4,203 3.61%
    Asian 1 $605,000 $605,000 $9,730 2.72%
    American Indian 1 $505,000 $505,000 $7,116 3.06%
    Not applicable 2 $370,000 $185,000 $0 4.95%

    Approval Rates

    Total approvals of all applications
    95.58%

    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 origination
    92.79%

    Agchoice Farm Credit Aca has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 222 $48,560,000 $218,739

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $655,000 $655,000
    Single Family (1-4 Units):Manufactured 9 $1,155,000 $128,333
    Single Family (1-4 Units):Site-Built 212 $46,750,000 $220,519

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 20 $3,030,000 $151,500 $4,386 3.28%
    40-60% 35 $7,765,000 $221,857 $5,325 3.26%
    60-80% 96 $22,110,000 $230,313 $5,324 3.37%
    80-100% 45 $10,965,000 $243,667 $5,762 3.70%
    Over 100% 13 $3,815,000 $293,462 $7,129 3.84%
    Under 20% 13 $875,000 $67,308 $1,031 3.56%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    AXOS FINANCIAL, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 4.2%
    AXOS FINANCIAL, INC. Conventional home mortgage Closing on a mortgage 1 4.2%
    AXOS FINANCIAL, INC. Conventional home mortgage Struggling to pay mortgage 6 25.0%
    AXOS FINANCIAL, INC. Conventional home mortgage Trouble during payment process 9 37.5%
    AXOS FINANCIAL, INC. Home equity loan or line of credit (HELOC) Closing on a mortgage 1 4.2%
    AXOS FINANCIAL, INC. Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 4.2%
    AXOS FINANCIAL, INC. Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 4.2%
    AXOS FINANCIAL, INC. Other type of mortgage Closing on a mortgage 1 4.2%
    AXOS FINANCIAL, INC. Other type of mortgage Struggling to pay mortgage 1 4.2%
    AXOS FINANCIAL, INC. Other type of mortgage Trouble during payment process 2 8.3%