Advantage Federal Credit Union Mortgage Rates, Fees & Info
Rochester, NYLEI: 254900YY8IQK41QDLZ95
Tax ID: 16-0613220
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Advantage Federal Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Advantage Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Rochester, Corning, and Buffalo among others. We have data for 3 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 an above 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
205Origination Dollar Volume (All Markets)
$13,275,000Top 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 |
|---|---|---|---|---|---|
| ROCHESTER, NY (FHA|USDA|VA) | 203 | $13,215,000 | $65,099 | $0 | 0.00% |
| Corning, NY (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 205 | $13,275,000 | $64,756 | $0 | 0.00% |
For 2019, Advantage Federal Credit Union's most frequently originated type of loan was Conventional, with 205 originations.
Loan Reason
For 2019, Advantage Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 59 originations. The 2nd most popular reason was Cash Out Refi, with 55 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 205 | $13,275,000 | $64,756 | $0 | 0.00% |
For 2019, Advantage Federal Credit Union's most frequently cited loan duration was Other, with 205 originations.
Loan Sizing
2019 saw Advantage Federal Credit Union place emphasis on $100,000 or less loans with 165 originations, totaling $6,905,000 in origination value.
Applicant Income
Advantage Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 52 originations. The second most popular income band? $100k-150k, with 41 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 205 | $13,275,000 | $64,756 | $0 | 0.00% |
Advantage Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 205 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications65.44%
Advantage Federal Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination97.07%
Advantage Federal Credit Union has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 205 | $13,275,000 | $64,756 |