Agchoice Farm Credit Aca Mortgage Rates, Fees & Info

Mechanicsburg, PA

LEI: 254900VFBH9LZYIPIG73

Tax ID: 23-2983299

Latest/2022 | 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, York, State College, Gettysburg, and Harrisburg among others. We have data for 17 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

    290

    Origination Dollar Volume (All Markets)

    $66,100,000

    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 124 $23,780,000 $191,774 $4,939 3.58%
    PITTSBURGH, PA (FHA|USDA|VA) 44 $11,130,000 $252,955 $5,483 3.52%
    YORK-HANOVER, PA (FHA|USDA|VA) 20 $5,880,000 $294,000 $6,120 3.32%
    STATE COLLEGE, PA (FHA|USDA|VA) 16 $4,090,000 $255,625 $5,518 3.84%
    GETTYSBURG, PA (FHA|USDA|VA) 11 $3,615,000 $328,636 $6,898 3.63%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 16 $3,390,000 $211,875 $5,365 3.41%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $2,105,000 $2,105,000 $18,880 3.62%
    ALTOONA, PA (FHA|USDA|VA) 10 $1,960,000 $196,000 $4,713 3.61%
    BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 9 $1,955,000 $217,222 $5,281 3.56%
    CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 7 $1,895,000 $270,714 $5,942 3.87%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 5 $1,665,000 $333,000 $5,852 3.61%
    ERIE, PA (FHA|USDA|VA) 10 $1,530,000 $153,000 $4,622 3.60%
    WILLIAMSPORT, PA (FHA|USDA|VA) 7 $1,205,000 $172,143 $5,116 3.42%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 5 $655,000 $131,000 $4,519 3.34%
    WHEELING, WV-OH (FHA|USDA|VA) 1 $585,000 $585,000 $6,882 3.76%
    LANCASTER, PA (FHA|USDA|VA) 2 $370,000 $185,000 $4,591 3.65%
    JOHNSTOWN, PA (FHA|USDA|VA) 2 $290,000 $145,000 $4,524 2.90%
    Agchoice Farm Credit Aca's top markets include Pittsburgh, York, State College, Gettysburg, and Harrisburg among others.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • Louisiana (FHA|USDA|VA)
  • West Virginia (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 290 $66,100,000 $227,931 $5,310 3.56%

    For 2021, Agchoice Farm Credit Aca's most frequently originated type of loan was Conventional, with 290 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 182 $40,860,000 $224,505 $5,593 3.71%
    Refi 83 $21,585,000 $260,060 $5,291 3.27%
    Home Improvement 17 $2,685,000 $157,941 $3,851 3.39%
    Other 8 $970,000 $121,250 $3,327 3.36%

    For 2021, Agchoice Farm Credit Aca's most frequently cited loan purpose was Home Purchase, with 182 originations. The 2nd most popular reason was Refi, with 83 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 140 $33,390,000 $238,500 $5,389 3.66%
    30 Year 82 $21,250,000 $259,146 $5,732 3.58%
    15 Year 44 $7,950,000 $180,682 $4,841 3.44%
    10 Year 13 $1,875,000 $144,231 $4,203 2.93%
    20 Year 8 $1,400,000 $175,000 $4,979 3.35%
    5 Year 2 $190,000 $95,000 $1,853 2.87%
    3 Year 1 $45,000 $45,000 $793 3.49%

    For 2021, Agchoice Farm Credit Aca's most frequently cited loan duration was Other, with 140 originations. The 2nd most popular length was 30 Year, with 82 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 138 $25,180,000 $182,464
    $1k-2k 43 $6,135,000 $142,674
    $3k-4k 38 $11,420,000 $300,526
    $<1k 10 $690,000 $69,000
    $4k-5k 10 $5,740,000 $574,000
    $5k+ 5 $5,805,000 $1,161,000

    Agchoice Farm Credit Aca's average total fees were $5,732, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 138 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 190 $42,590,000 $224,158
    2.5-3% 42 $10,840,000 $258,095
    4-5% 35 $7,935,000 $226,714
    5-6% 15 $3,495,000 $233,000
    <2.5% 8 $1,240,000 $155,000

    During 2021, Agchoice Farm Credit Aca's average interest rate for loans was 3.58%, while their most frequently originated rate bucket for loans was 3-4%, with 190 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 118 $17,460,000 $147,966 $4,514 3.48%
    $200k-400k 106 $28,050,000 $264,623 $5,869 3.59%
    $100,000 or less 38 $2,350,000 $61,842 $2,983 3.73%
    $400k-600k 17 $8,105,000 $476,765 $8,019 3.49%
    $600k-1MM 8 $5,850,000 $731,250 $10,417 3.74%
    $1MM+ 3 $4,285,000 $1,428,333 $15,351 3.17%

    2021 saw Agchoice Farm Credit Aca place emphasis on $100k-200k loans with 118 originations, totaling $17,460,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 73 $17,265,000 $236,507 $5,340 3.38%
    $50k-75k 54 $8,390,000 $155,370 $4,705 3.51%
    $50k or less 39 $5,775,000 $148,077 $4,607 3.40%
    $75k-100k 37 $7,875,000 $212,838 $5,306 3.48%
    $150k-250k 33 $9,235,000 $279,848 $5,882 3.25%
    $250k+ 29 $13,285,000 $458,103 $7,085 3.64%

    Agchoice Farm Credit Aca lent most frequently to those with incomes in the $100k-150k range, with 73 originations. The second most popular income band? $50k-75k, with 54 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 65 $14,195,000 $218,385 $5,318 3.30%
    30-36% 56 $12,360,000 $220,714 $5,138 3.35%
    <20% 24 $5,610,000 $233,750 $5,335 3.26%
    39% 9 $1,945,000 $216,111 $5,346 3.46%
    40% 6 $1,310,000 $218,333 $5,715 3.38%
    37% 6 $1,550,000 $258,333 $5,461 3.21%
    38% 5 $925,000 $185,000 $5,099 3.06%
    44% 5 $1,275,000 $255,000 $5,464 3.27%
    41% 4 $1,270,000 $317,500 $7,055 3.46%
    36% 4 $660,000 $165,000 $3,678 3.42%
    42% 3 $765,000 $255,000 $5,429 3.69%
    46% 2 $410,000 $205,000 $4,586 2.87%
    50-60% 2 $220,000 $110,000 $2,774 3.74%
    43% 1 $295,000 $295,000 $5,905 3.25%
    48% 1 $165,000 $165,000 $4,116 3.33%
    >60% 1 $135,000 $135,000 $6,050 3.25%
    45% 1 $115,000 $115,000 $4,682 4.00%

    Agchoice Farm Credit Aca lent most frequently to those with DTI ratios of 20-30%, with 65 originations. The next most common DTI ratio? 30-36%, with 56 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 263 $59,235,000 $225,228 $5,304 3.51%
    Not provided 20 $5,460,000 $273,000 $5,439 3.79%
    Not applicable 6 $1,300,000 $216,667 $0 4.84%
    Native Hawaiian or Islander 1 $105,000 $105,000 $4,572 3.65%

    Approval Rates

    Total approvals of all applications
    97.13%

    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
    94.83%

    Agchoice Farm Credit Aca has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 290 $66,100,000 $227,931

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    290 $66,100,000 $227,931

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 27 $5,015,000 $185,741 $4,386 3.31%
    40-60% 48 $7,990,000 $166,458 $4,704 3.38%
    60-80% 120 $30,430,000 $253,583 $5,689 3.54%
    80-100% 60 $14,840,000 $247,333 $5,863 3.65%
    Over 100% 22 $6,780,000 $308,182 $7,271 4.17%
    Under 20% 13 $1,045,000 $80,385 $2,283 3.46%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    AXOS FINANCIAL, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 4.3%
    AXOS FINANCIAL, INC. Conventional home mortgage Closing on a mortgage 2 4.3%
    AXOS FINANCIAL, INC. Conventional home mortgage Incorrect information on your report 1 2.1%
    AXOS FINANCIAL, INC. Conventional home mortgage Struggling to pay mortgage 6 12.8%
    AXOS FINANCIAL, INC. Conventional home mortgage Trouble during payment process 24 51.1%
    AXOS FINANCIAL, INC. FHA mortgage Struggling to pay mortgage 1 2.1%
    AXOS FINANCIAL, INC. FHA mortgage Trouble during payment process 1 2.1%
    AXOS FINANCIAL, INC. Other type of mortgage Closing on a mortgage 1 2.1%
    AXOS FINANCIAL, INC. Other type of mortgage Struggling to pay mortgage 2 4.3%
    AXOS FINANCIAL, INC. Other type of mortgage Trouble during payment process 5 10.6%
    AXOS FINANCIAL, INC. VA mortgage Trouble during payment process 2 4.3%