Americu Credit Union Mortgage Rates, Fees & InfoRome, NY
Tax ID: 15-0542361
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewAmericu Credit Union is a smaller credit union specializing in loans. Americu Credit Union has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Syracuse, Utica, Watertown, Auburn, and Ogdensburg 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 an above 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.
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|Simulated Rate||Simulation Date|
|Home Equity Line of Credit (HELOC)||6.27%||4/1/23|
|30 Year Conventional Purchase||6.63%||4/1/23|
|30 Year Conventional Refi||6.07%||4/1/23|
|30 Year Cash-out Refi||6.60%||4/1/23|
|30 Year FHA Purchase||6.90%||4/1/23|
|15 Year Conventional Purchase||5.82%||4/1/23|
|15 Year Conventional Refi||5.73%||4/1/23|
|15 Year Cash-out Refi||5.73%||4/1/23|
|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 EstimatesEstimated 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.
Origination Dollar Volume (All Markets)$313,010,000
Americu Credit Union's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.06%.
Relative Fees (Closing Costs)
Americu Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,225.
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 $4,750.
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)||1,040||$130,340,000||$125,327||$2,186||4.07%|
|UTICA-ROME, NY (FHA|USDA|VA)||766||$96,280,000||$125,692||$2,438||4.14%|
|WATERTOWN-FORT DRUM, NY (FHA|USDA|VA)||249||$47,025,000||$188,855||$3,216||4.37%|
|Auburn, NY (FHA|USDA|VA)||139||$12,775,000||$91,906||$1,909||3.99%|
|Outside of Metro Areas||60||$7,620,000||$127,000||$3,108||4.33%|
|Ogdensburg-Massena, NY (FHA|USDA|VA)||24||$3,840,000||$160,000||$3,145||4.56%|
|BINGHAMTON, NY (FHA|USDA|VA)||8||$2,740,000||$342,500||$4,673||4.57%|
|ROCHESTER, NY (FHA|USDA|VA)||12||$2,510,000||$209,167||$3,091||4.41%|
|Cortland, NY (FHA|USDA|VA)||24||$2,060,000||$85,833||$2,831||3.86%|
|ITHACA, NY (FHA|USDA|VA)||8||$1,270,000||$158,750||$3,619||4.64%|
|Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA)||1||$945,000||$945,000||$0||4.15%|
|Amsterdam, NY (FHA|USDA|VA)||5||$935,000||$187,000||$6,274||3.70%|
|Oneonta, NY (FHA|USDA|VA)||5||$915,000||$183,000||$4,361||4.38%|
|ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA)||6||$870,000||$145,000||$1,959||5.56%|
|Seneca Falls, NY (FHA|USDA|VA)||3||$625,000||$208,333||$1,783||4.83%|
|BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA)||5||$615,000||$123,000||$5,254||3.95%|
|Malone, NY (FHA|USDA|VA)||3||$515,000||$171,667||$2,262||3.83%|
|GLENS FALLS, NY (FHA|USDA|VA)||2||$350,000||$175,000||$5,800||6.31%|
|Gloversville, NY (FHA|USDA|VA)||2||$270,000||$135,000||$1,927||4.75%|
|ELMIRA, NY (FHA|USDA|VA)||1||$185,000||$185,000||$9,022||3.13%|
|New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA)||1||$155,000||$155,000||$0||1.99%|
|Corning, NY (FHA|USDA|VA)||1||$125,000||$125,000||$3,013||5.25%|
|Olean, NY (FHA|USDA|VA)||1||$45,000||$45,000||$462||4.00%|
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.
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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Americu Credit Union's most frequently originated type of loan was Conventional, with 1,823 originations. Their 2nd most popular type was HELOC, with 527 originations.
For 2022, Americu Credit Union's most frequently cited loan purpose was Home Purchase, with 820 originations. The 2nd most popular reason was Home Improvement, with 694 originations.
For 2022, Americu Credit Union's most frequently cited loan duration was 30 Year, with 795 originations. The 2nd most popular length was Other, with 544 originations.
Origination Fees/Closing Costs
Americu Credit Union's average total fees were $4,225, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,139 originations.
During 2022, Americu Credit Union's average interest rate for loans was 4.70%, while their most frequently originated rate bucket for loans was 3-4%, with 697 originations.
2022 saw Americu Credit Union place emphasis on $100,000 or less loans with 1,187 originations, totaling $64,805,000 in origination value.
Americu Credit Union lent most frequently to those with incomes in the $50k-75k range, with 552 originations. The second most popular income band? $100k-150k, with 545 originations.
Applicant Debt to Income Ratio
Americu Credit Union lent most frequently to those with DTI ratios of 20-30%, with 538 originations. The next most common DTI ratio? 30-36%, with 462 originations.
Approval RatesTotal approvals of all applications
Americu Credit Union has a below average approval rate.
Pick RateApprovals leading to origination
Americu 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|
|Bank Name||Product||Issue||2022 CPFB Complaints||% of Total Issues|
|AMERISAVE MORTGAGE CORPORATION||Conventional home mortgage||Trouble during payment process||1||33.3%|
|AMERISAVE MORTGAGE CORPORATION||Conventional home mortgage||Applying for a mortgage or refinancing an existing mortgage||2||66.7%|