Armstrong Associates Fcu Mortgage Rates, Fees & Info
Ford City, PALEI: 254900XJILJTNAUVMD85
Tax ID: 25-1087532
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Mortgage Data
Review & Overview
Armstrong Associates Fcu is a smaller credit union specializing in Other loans. Armstrong Associates Fcu has a high proportion of conventional loans. Their top two markets are Pittsburgh and Indiana .Armstrong Associates Fcu has an average approval rate when compared to the average across all lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
---|---|---|
15 Year Conventional Purchase | 5.68% | 12/17/24 |
15 Year Conventional Refi | 5.68% | 12/17/24 |
15 Year Cash-out Refi | 5.68% | 12/17/24 |
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. |
Armstrong Associates Fcu Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
34Origination Dollar Volume (All Markets)
$1,490,000Top 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 |
---|---|---|---|---|---|
PITTSBURGH, PA (FHA|USDA|VA) | 33 | $1,475,000 | $44,697 | $399 | 4.15% |
Indiana, PA (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $392 | 3.99% |
Their top states include:
Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 34 | $1,490,000 | $43,824 | $399 | 4.15% |
For 2019, Armstrong Associates Fcu's most frequently originated type of loan was Conventional, with 34 originations.
Loan Reason
Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Other | 23 | $1,105,000 | $48,043 | $392 | 4.17% |
Home Improvement | 8 | $230,000 | $28,750 | $402 | 3.97% |
Refi | 3 | $155,000 | $51,667 | $443 | 4.47% |
For 2019, Armstrong Associates Fcu's most frequently cited loan purpose was Other, with 23 originations. The 2nd most popular reason was Home Improvement, with 8 originations.
Loan Duration/Length
For 2019, Armstrong Associates Fcu's most frequently cited loan duration was 5 Year, with 14 originations. The 2nd most popular length was 10 Year, with 10 originations.
Interest Rates
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
3-4% | 16 | $550,000 | $34,375 |
4-5% | 15 | $775,000 | $51,667 |
5-6% | 2 | $160,000 | $80,000 |
2.5-3% | 1 | $5,000 | $5,000 |
During 2019, Armstrong Associates Fcu's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 3-4%, with 16 originations.
Loan Sizing
Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
$100,000 or less | 30 | $1,010,000 | $33,667 | $400 | 4.09% |
$100k-200k | 4 | $480,000 | $120,000 | $392 | 4.56% |
2019 saw Armstrong Associates Fcu place emphasis on $100,000 or less loans with 30 originations, totaling $1,010,000 in origination value.
Applicant Income
Armstrong Associates Fcu lent most frequently to those with incomes in the $100k-150k range, with 9 originations. The second most popular income band? $50k or less, with 9 originations.
Applicant Debt to Income Ratio
Armstrong Associates Fcu lent most frequently to those with DTI ratios of <20%, with 25 originations. The next most common DTI ratio? 20-30%, with 5 originations.
Ethnicity Mix
Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
White | 34 | $1,490,000 | $43,824 | $399 | 4.15% |
Approval Rates
Total approvals of all applications82.93%
Armstrong Associates Fcu has a below average approval rate.
Pick Rate
Approvals leading to originationPoints and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
NA | 34 | $1,490,000 | $43,824 |