Advantage Federal Credit Union Mortgage Rates, Fees & Info

Rochester, NY

LEI: 254900YY8IQK41QDLZ95

Tax ID: 16-0613220

Latest/2024 | 2023 Data | 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
  • 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

    Advantage Federal Credit Union is a smaller credit union specializing in Home Improvement and Home Purchase loans. Advantage Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Rochester, Batavia, Glens Falls, and Syracuse among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Advantage Federal Credit Union has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

    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

    310

    Origination Dollar Volume (All Markets)

    $32,960,000

    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
    ROCHESTER, NY (FHA|USDA|VA) 306 $32,540,000 $106,340 $0 0.00%
    Batavia, NY (FHA|USDA|VA) 2 $290,000 $145,000 $0 0.00%
    GLENS FALLS, NY (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
    SYRACUSE, NY (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
    Advantage Federal Credit Union's top markets include Rochester, Batavia, Glens Falls, and Syracuse among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 310 $32,960,000 $106,323 $0 0.00%

    For 2024, Advantage Federal Credit Union's most frequently originated type of loan was Conventional, with 310 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 128 $10,260,000 $80,156 $0 0.00%
    Other 81 $5,915,000 $73,025 $0 0.00%
    Home Purchase 39 $8,565,000 $219,615 $0 0.00%
    Refi 35 $4,885,000 $139,571 $0 0.00%
    Cash Out Refi 27 $3,335,000 $123,519 $0 0.00%

    For 2024, Advantage Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 128 originations. The 2nd most popular reason was Other, with 81 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 310 $32,960,000 $106,323 $0 0.00%

    For 2024, Advantage Federal Credit Union's most frequently cited loan duration was Other, with 310 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 186 $10,110,000 $54,355 $0 0.00%
    $100k-200k 83 $11,465,000 $138,133 $0 0.00%
    $200k-400k 38 $9,970,000 $262,368 $0 0.00%
    $400k-600k 3 $1,415,000 $471,667 $0 0.00%

    2024 saw Advantage Federal Credit Union place emphasis on $100,000 or less loans with 186 originations, totaling $10,110,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 80 $8,650,000 $108,125 $0 0.00%
    $150k-250k 80 $11,960,000 $149,500 $0 0.00%
    $75k-100k 60 $5,310,000 $88,500 $0 0.00%
    $50k-75k 51 $3,235,000 $63,431 $0 0.00%
    $50k or less 19 $925,000 $48,684 $0 0.00%
    $250k+ 18 $2,730,000 $151,667 $0 0.00%

    Advantage Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 80 originations. The second most popular income band? $150k-250k, with 80 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 310 $32,960,000 $106,323 $0 0.00%

    Advantage Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 310 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 242 $25,550,000 $105,579 $0 0.00%
    Not provided 26 $3,400,000 $130,769 $0 0.00%
    Black 33 $2,785,000 $84,394 $0 0.00%
    Asian 6 $720,000 $120,000 $0 0.00%
    Other Asian 2 $380,000 $190,000 $0 0.00%
    American Indian 1 $125,000 $125,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    66.67%

    Advantage Federal Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    76.13%

    Advantage Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 310 $32,960,000 $106,323

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    310 $32,960,000 $106,323