Communities Of Abilene Federal Credit Union Mortgage Rates, Fees & Info
Abilene, TXLEI: 5493000H6FXB15JQW781
Tax ID: 75-0940724
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Communities Of Abilene Federal Credit Union is a smaller credit union specializing in Cash Out Refi loans. Communities Of Abilene Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Abilene, Austin, Dallas, and Sweetwater among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Communities Of Abilene Federal Credit Union 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.
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Originations
29Origination Dollar Volume (All Markets)
$2,475,000Top 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 |
|---|---|---|---|---|---|
| ABILENE, TX (FHA|USDA|VA) | 26 | $2,290,000 | $88,077 | $781 | 7.20% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $620 | 6.50% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $670 | 7.00% |
| Sweetwater, TX (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $1,120 | 6.50% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 29 | $2,475,000 | $85,345 | $783 | 7.15% |
For 2024, Communities Of Abilene Federal Credit Union's most frequently originated type of loan was Conventional, with 29 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 29 | $2,475,000 | $85,345 | $783 | 7.15% |
For 2024, Communities Of Abilene Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 29 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20 Year | 23 | $2,185,000 | $95,000 | $850 | 7.03% |
| 10 Year | 6 | $290,000 | $48,333 | $525 | 7.58% |
For 2024, Communities Of Abilene Federal Credit Union's most frequently cited loan duration was 20 Year, with 23 originations. The 2nd most popular length was 10 Year, with 6 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 27 | $1,965,000 | $72,778 |
| $1k-2k | 2 | $510,000 | $255,000 |
Communities Of Abilene Federal Credit Union's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 27 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 21 | $1,965,000 | $93,571 |
| 7-8% | 7 | $445,000 | $63,571 |
| Over 8% | 1 | $65,000 | $65,000 |
During 2024, Communities Of Abilene Federal Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 6-7%, with 21 originations.
Loan Sizing
2024 saw Communities Of Abilene Federal Credit Union place emphasis on $100,000 or less loans with 20 originations, totaling $1,050,000 in origination value.
Applicant Income
Communities Of Abilene Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 13 originations. The second most popular income band? $50k-75k, with 7 originations.
Applicant Debt to Income Ratio
Communities Of Abilene Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 7 originations. The next most common DTI ratio? <20%, with 6 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 25 | $2,125,000 | $85,000 | $796 | 7.13% |
| Black | 4 | $350,000 | $87,500 | $700 | 7.25% |
Approval Rates
Total approvals of all applications93.94%
Communities Of Abilene Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination93.10%
Communities Of Abilene Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 29 | $2,475,000 | $85,345 |