Americu Credit Union Mortgage Rates, Fees & Info

Rome, NY

LEI: 5493002C1SVHOFTWF108

Tax ID: 15-0542361

5 stars - Updated: 4/17/25 - out of 5 stars, based on 44 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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

    Americu Credit Union is a smaller credit union specializing in Home Purchase loans. Americu Credit Union has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Syracuse, Utica, Watertown, Auburn, and Albany among others. We have data for 23 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Americu Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Americu Credit Union is typically a low 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.72% 4/17/25
    30 Year Conventional Purchase 6.67% 4/17/25
    30 Year Conventional Refi 6.54% 4/17/25
    30 Year Cash-out Refi 6.68% 4/17/25
    30 Year FHA Purchase 6.86% 4/17/25
    30 Year FHA Refi 7.06% 4/17/25
    30 Year VA Purchase 6.26% 4/17/25
    30 Year USDA Purchase 6.39% 4/17/25
    15 Year Conventional Purchase 6.46% 4/17/25
    15 Year Conventional Refi 7.33% 4/17/25
    15 Year Cash-out Refi 7.33% 4/17/25
    15 Year FHA Purchase 6.85% 4/17/25
    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.

    Americu Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Americu Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    1,921

    Origination Dollar Volume (All Markets)

    $268,465,000
    Show all (14) awards

    Relative Rate

    Americu Credit Union's average 30 year fixed mortgage rate was 6.22%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of -0.33%.

    Relative Fees (Closing Costs)

    Americu Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $5,330.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $8,356.

    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
    SYRACUSE, NY (FHA|USDA|VA) 801 $108,565,000 $135,537 $2,248 6.30%
    UTICA-ROME, NY (FHA|USDA|VA) 600 $70,350,000 $117,250 $2,172 6.32%
    WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) 156 $22,440,000 $143,846 $2,831 6.70%
    Auburn, NY (FHA|USDA|VA) 123 $12,325,000 $100,203 $1,618 6.31%
    Outside of Metro Areas 68 $11,200,000 $164,706 $2,971 6.41%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 17 $8,855,000 $520,882 $5,512 6.42%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 11 $6,315,000 $574,091 $2,961 6.80%
    ROCHESTER, NY (FHA|USDA|VA) 25 $5,365,000 $214,600 $1,605 6.53%
    Ogdensburg-Massena, NY (FHA|USDA|VA) 31 $5,175,000 $166,935 $2,944 6.72%
    Malone, NY (FHA|USDA|VA) 14 $3,800,000 $271,429 $4,889 6.16%
    Oneonta, NY (FHA|USDA|VA) 16 $3,780,000 $236,250 $3,919 6.24%
    Cortland, NY (FHA|USDA|VA) 21 $2,395,000 $114,048 $2,267 6.94%
    ITHACA, NY (FHA|USDA|VA) 8 $2,030,000 $253,750 $5,972 6.45%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 6 $1,840,000 $306,667 $454 6.62%
    Plattsburgh, NY (FHA|USDA|VA) 7 $1,365,000 $195,000 $5,586 6.01%
    GLENS FALLS, NY (FHA|USDA|VA) 2 $600,000 $300,000 $0 6.25%
    ELMIRA, NY (FHA|USDA|VA) 2 $600,000 $300,000 $18,304 5.06%
    Amsterdam, NY (FHA|USDA|VA) 4 $570,000 $142,500 $2,094 6.09%
    BINGHAMTON, NY (FHA|USDA|VA) 3 $375,000 $125,000 $245 6.24%
    Corning, NY (FHA|USDA|VA) 2 $220,000 $110,000 $310 5.87%
    Gloversville, NY (FHA|USDA|VA) 2 $160,000 $80,000 $565 7.24%
    Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) 1 $85,000 $85,000 $0 7.74%
    Seneca Falls, NY (FHA|USDA|VA) 1 $55,000 $55,000 $179 7.49%
    Americu Credit Union's top markets include Syracuse, Utica, Watertown, Auburn, and Albany among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against AMERICU Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Watertown Savings Bank
    Similarity Rank: 8
    SECNY Federal Credit Union
    Similarity Rank: 20
    Solvay Bank
    Similarity Rank: 26
    Gouverneur Savings and Loan Association
    Similarity Rank: 27
    GPO Federal Credit Union
    Similarity Rank: 54
    FIRST SOURCE
    Similarity Rank: 140
    Adirondack Bank
    Similarity Rank: 152
    Geddes Federal Savings and Loan Association
    Similarity Rank: 222
    Berkshire Bank
    Similarity Rank: 615
    SEFCU SERVICES, LLC
    Similarity Rank: 756

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,333 $193,635,000 $145,263 $1,701 6.79%
    HELOC 451 $45,965,000 $101,918 n/a 5.24%
    FHA 108 $20,690,000 $191,574 $7,741 5.95%
    VA 26 $7,680,000 $295,385 $9,003 5.96%
    USDA 3 $495,000 $165,000 $6,504 5.25%

    For 2024, Americu Credit Union's most frequently originated type of loan was Conventional, with 1,333 originations. Their 2nd most popular type was HELOC, with 451 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 608 $144,010,000 $236,859 $5,129 6.20%
    Home Improvement 513 $42,495,000 $82,836 $377 6.07%
    Other 420 $28,970,000 $68,976 $407 6.89%
    Refi 331 $43,535,000 $131,526 $613 6.43%
    Cash Out Refi 48 $8,960,000 $186,667 $4,395 6.49%
    NA 1 $495,000 $495,000 $0 6.00%

    For 2024, Americu Credit Union's most frequently cited loan purpose was Home Purchase, with 608 originations. The 2nd most popular reason was Home Improvement, with 513 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 515 $110,485,000 $214,534 $5,330 6.22%
    Other 459 $46,625,000 $101,580 $470 5.26%
    10 Year 343 $45,345,000 $132,201 $400 6.89%
    15 Year 205 $17,125,000 $83,537 $740 7.25%
    20 Year 183 $16,005,000 $87,459 $466 7.91%
    5 Year 130 $5,560,000 $42,769 $348 6.09%
    30+ year 86 $27,320,000 $317,674 $6,667 6.03%

    For 2024, Americu Credit Union's most frequently cited loan duration was 30 Year, with 515 originations. The 2nd most popular length was Other, with 459 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 796 $53,370,000 $67,048
    $1k-2k 455 $99,735,000 $219,198
    $2k-3k 99 $23,865,000 $241,061
    $3k-4k 33 $8,675,000 $262,879
    $5k+ 15 $4,765,000 $317,667
    $4k-5k 13 $2,845,000 $218,846

    Americu Credit Union's average total fees were $5,330, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 796 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 686 $112,610,000 $164,155
    5-6% 380 $66,160,000 $174,105
    7-8% 338 $39,090,000 $115,651
    3-4% 302 $31,530,000 $104,404
    Over 8% 181 $15,815,000 $87,376
    4-5% 34 $3,260,000 $95,882

    During 2024, Americu Credit Union's average interest rate for loans was 6.22%, while their most frequently originated rate bucket for loans was 6-7%, with 686 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 977 $51,595,000 $52,810 $615 6.54%
    $100k-200k 532 $75,920,000 $142,707 $3,299 6.19%
    $200k-400k 330 $88,300,000 $267,576 $5,811 6.15%
    $400k-600k 55 $26,015,000 $473,000 $6,090 6.14%
    $600k-1MM 16 $11,500,000 $718,750 $6,008 6.55%
    $1MM+ 11 $15,135,000 $1,375,909 $0 6.95%

    2024 saw Americu Credit Union place emphasis on $100,000 or less loans with 977 originations, totaling $51,595,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 517 $68,825,000 $133,124 $2,368 6.34%
    $50k-75k 385 $36,285,000 $94,247 $2,487 6.33%
    $150k-250k 362 $64,670,000 $178,646 $2,385 6.24%
    $75k-100k 357 $37,995,000 $106,429 $2,234 6.42%
    $50k or less 164 $11,130,000 $67,866 $1,902 6.50%
    $250k+ 71 $20,135,000 $283,592 $3,194 6.07%

    Americu Credit Union lent most frequently to those with incomes in the $100k-150k range, with 517 originations. The second most popular income band? $50k-75k, with 385 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 375 $45,245,000 $120,653 $2,126 6.11%
    30-36% 357 $49,995,000 $140,042 $2,522 6.40%
    <20% 123 $13,825,000 $112,398 $1,900 6.00%
    44% 123 $15,645,000 $127,195 $1,645 6.76%
    45% 93 $10,515,000 $113,065 $2,010 6.52%
    43% 89 $8,995,000 $101,067 $1,281 6.80%
    42% 86 $11,340,000 $131,860 $2,186 6.58%
    39% 84 $10,950,000 $130,357 $2,749 6.42%
    41% 76 $9,000,000 $118,421 $1,618 6.46%
    40% 73 $8,325,000 $114,041 $2,157 6.53%
    36% 70 $7,180,000 $102,571 $1,529 6.57%
    49% 65 $10,145,000 $156,077 $3,438 5.83%
    37% 57 $8,125,000 $142,544 $2,662 6.54%
    38% 50 $8,110,000 $162,200 $3,211 6.21%
    47% 38 $5,500,000 $144,737 $2,793 5.93%
    48% 37 $5,365,000 $145,000 $2,515 6.37%
    46% 35 $5,145,000 $147,000 $3,855 5.95%
    50-60% 26 $5,800,000 $223,077 $7,963 5.82%
    >60% 8 $760,000 $95,000 $2,291 6.86%

    Americu Credit Union lent most frequently to those with DTI ratios of 20-30%, with 375 originations. The next most common DTI ratio? 30-36%, with 357 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,685 $213,745,000 $126,852 $2,227 6.32%
    Not applicable 55 $28,395,000 $516,273 $0 7.22%
    Not provided 84 $12,630,000 $150,357 $3,350 6.39%
    Black 48 $6,260,000 $130,417 $3,199 6.87%
    Asian 31 $5,495,000 $177,258 $4,691 6.38%
    American Indian 14 $1,410,000 $100,714 $1,812 6.48%
    Native Hawaiian or Islander 3 $475,000 $158,333 $3,372 6.12%
    Asian Indian 1 $55,000 $55,000 $895 7.74%

    Approval Rates

    Total approvals of all applications
    74.12%

    Americu Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    86.41%

    Americu Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,921 $268,465,000 $139,753

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,921 $268,465,000 $139,753

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 576 $46,320,000 $80,417 $531 6.54%
    40-60% 231 $29,775,000 $128,896 $1,040 6.46%
    60-80% 266 $68,090,000 $255,977 $3,561 6.34%
    80-100% 444 $105,930,000 $238,581 $5,441 6.15%
    Over 100% 14 $4,270,000 $305,000 $11,506 6.10%
    Under 20% 390 $14,080,000 $36,103 $361 6.32%