Americu Credit Union Mortgage Rates, Fees & Info

Rome, NY

LEI: 5493002C1SVHOFTWF108

Tax ID: 15-0542361

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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 Cash Out Refi and Home Purchase loans. Americu Credit Union has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Utica, Syracuse, Watertown, Auburn, and Ogdensburg among others. We have data for 18 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) 6.27% 4/21/24
    30 Year Conventional Purchase 6.63% 4/21/24
    30 Year Conventional Refi 6.07% 4/21/24
    30 Year Cash-out Refi 6.60% 4/21/24
    30 Year FHA Purchase 6.90% 4/21/24
    15 Year Conventional Purchase 5.82% 4/21/24
    15 Year Conventional Refi 5.73% 4/21/24
    15 Year Cash-out Refi 5.73% 4/21/24
    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

    1,693

    Origination Dollar Volume (All Markets)

    $163,315,000
    Show all (5) awards

    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
    UTICA-ROME, NY (FHA|USDA|VA) 706 $64,190,000 $90,921 $2,069 4.47%
    SYRACUSE, NY (FHA|USDA|VA) 582 $52,910,000 $90,911 $2,166 4.25%
    WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) 208 $27,340,000 $131,442 $3,052 4.40%
    Auburn, NY (FHA|USDA|VA) 89 $6,555,000 $73,652 $1,693 4.61%
    Outside of Metro Areas 52 $4,390,000 $84,423 $1,746 4.56%
    Ogdensburg-Massena, NY (FHA|USDA|VA) 15 $2,615,000 $174,333 $3,379 3.76%
    Cortland, NY (FHA|USDA|VA) 11 $1,305,000 $118,636 $1,567 4.70%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 7 $865,000 $123,571 $4,955 4.45%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 2 $560,000 $280,000 $6,330 5.25%
    ROCHESTER, NY (FHA|USDA|VA) 5 $505,000 $101,000 $2,350 3.35%
    GLENS FALLS, NY (FHA|USDA|VA) 2 $390,000 $195,000 $3,367 3.69%
    Amsterdam, NY (FHA|USDA|VA) 2 $340,000 $170,000 $4,314 4.44%
    Seneca Falls, NY (FHA|USDA|VA) 3 $335,000 $111,667 $2,234 4.08%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 1 $315,000 $315,000 $5,893 3.50%
    Malone, NY (FHA|USDA|VA) 2 $300,000 $150,000 $4,062 4.38%
    Gloversville, NY (FHA|USDA|VA) 3 $175,000 $58,333 $1,822 5.08%
    Plattsburgh, NY (FHA|USDA|VA) 1 $155,000 $155,000 $3,211 3.50%
    Oneonta, NY (FHA|USDA|VA) 2 $70,000 $35,000 $686 7.25%
    Americu Credit Union's top markets include Utica, Syracuse, Watertown, Auburn, and Ogdensburg 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: 32
    Adirondack Bank
    Similarity Rank: 63
    Fairport Savings Bank
    Similarity Rank: 63
    Geddes Federal Savings and Loan Association
    Similarity Rank: 108
    NORTHERN CREDIT UNION
    Similarity Rank: 154
    THE SUMMIT Federal Credit Union
    Similarity Rank: 377
    Pathfinder Bank
    Similarity Rank: 380
    CCFCU FUNDING, LLC
    Similarity Rank: 648
    VISIONS
    Similarity Rank: 675

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,298 $129,810,000 $100,008 $1,960 4.61%
    HELOC 255 $14,415,000 $56,529 n/a 3.40%
    FHA 95 $11,695,000 $123,105 $4,560 4.19%
    VA 45 $7,395,000 $164,333 $5,496 4.13%

    For 2019, Americu Credit Union's most frequently originated type of loan was Conventional, with 1,298 originations. Their 2nd most popular type was HELOC, with 255 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 926 $61,180,000 $66,069 $974 4.69%
    Home Purchase 500 $73,180,000 $146,360 $3,957 3.97%
    Refi 185 $17,775,000 $96,081 $1,613 4.09%
    Home Improvement 65 $10,325,000 $158,846 $6,858 4.04%
    Other 17 $855,000 $50,294 $0 4.98%

    For 2019, Americu Credit Union's most frequently cited loan purpose was Cash Out Refi, with 926 originations. The 2nd most popular reason was Home Purchase, with 500 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 532 $80,400,000 $151,128 $4,127 4.13%
    15 Year 403 $37,915,000 $94,082 $1,341 4.95%
    Other 289 $16,585,000 $57,388 $1,100 3.49%
    10 Year 257 $13,935,000 $54,222 $763 4.91%
    5 Year 120 $3,870,000 $32,250 $670 4.22%
    20 Year 92 $10,610,000 $115,326 $1,889 5.06%

    For 2019, Americu Credit Union's most frequently cited loan duration was 30 Year, with 532 originations. The 2nd most popular length was 15 Year, with 403 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,132 $94,620,000 $83,587
    $1k-2k 168 $27,280,000 $162,381
    $2k-3k 77 $12,355,000 $160,455
    $3k-4k 30 $5,890,000 $196,333
    $4k-5k 16 $4,100,000 $256,250
    $5k+ 15 $4,655,000 $310,333

    Americu Credit Union's average total fees were $4,127, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,132 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 537 $62,965,000 $117,253
    4-5% 498 $55,880,000 $112,209
    6-7% 179 $8,745,000 $48,855
    <2.5% 168 $10,100,000 $60,119
    5-6% 134 $8,480,000 $63,284
    2.5-3% 91 $12,895,000 $141,703
    7-8% 57 $2,595,000 $45,526
    Over 8% 29 $1,655,000 $57,069

    During 2019, Americu Credit Union's average interest rate for loans was 4.13%, while their most frequently originated rate bucket for loans was 3-4%, with 537 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,031 $51,705,000 $50,150 $1,194 4.69%
    $100k-200k 501 $68,705,000 $137,136 $3,038 3.93%
    $200k-400k 155 $40,265,000 $259,774 $5,201 3.90%
    $400k-600k 6 $2,640,000 $440,000 $7,235 3.48%

    2019 saw Americu Credit Union place emphasis on $100,000 or less loans with 1,031 originations, totaling $51,705,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 446 $38,780,000 $86,951 $2,187 4.35%
    $100k-150k 376 $40,240,000 $107,021 $2,201 4.38%
    $75k-100k 339 $32,485,000 $95,826 $2,416 4.47%
    $50k or less 310 $19,880,000 $64,129 $1,933 4.47%
    $150k-250k 192 $25,440,000 $132,500 $2,414 4.33%
    $250k+ 30 $6,490,000 $216,333 $3,971 3.78%

    Americu Credit Union lent most frequently to those with incomes in the $50k-75k range, with 446 originations. The second most popular income band? $100k-150k, with 376 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 409 $39,705,000 $97,078 $2,227 4.10%
    30-36% 354 $34,760,000 $98,192 $2,344 4.40%
    <20% 145 $13,655,000 $94,172 $2,048 3.81%
    42% 108 $9,270,000 $85,833 $1,783 4.94%
    41% 90 $8,640,000 $96,000 $1,736 4.86%
    39% 73 $5,895,000 $80,753 $1,836 4.53%
    38% 67 $6,765,000 $100,970 $2,735 4.69%
    37% 64 $6,700,000 $104,688 $2,659 4.58%
    43% 58 $5,550,000 $95,690 $2,282 4.83%
    36% 56 $5,820,000 $103,929 $2,146 4.62%
    40% 54 $5,580,000 $103,333 $2,403 4.69%
    44% 45 $5,045,000 $112,111 $2,462 4.73%
    47% 41 $3,895,000 $95,000 $1,915 4.50%
    45% 33 $3,205,000 $97,121 $3,059 4.36%
    50-60% 26 $2,350,000 $90,385 $3,153 4.39%
    49% 26 $2,140,000 $82,308 $3,799 4.02%
    46% 25 $2,545,000 $101,800 $2,809 4.14%
    48% 12 $1,200,000 $100,000 $1,935 4.21%
    >60% 7 $595,000 $85,000 $1,847 4.23%

    Americu Credit Union lent most frequently to those with DTI ratios of 20-30%, with 409 originations. The next most common DTI ratio? 30-36%, with 354 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,636 $158,520,000 $96,895 $2,226 4.38%
    Asian 20 $2,080,000 $104,000 $2,483 4.00%
    Black 21 $1,905,000 $90,714 $3,045 4.59%
    Not provided 12 $590,000 $49,167 $6,141 6.14%
    American Indian 1 $145,000 $145,000 $4,768 4.63%
    Native Hawaiian or Islander 2 $70,000 $35,000 $973 5.45%
    Other Pacific Islander 1 $5,000 $5,000 $233 5.00%

    Approval Rates

    Total approvals of all applications
    72.51%

    Americu Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    84.11%

    Americu Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,693 $163,315,000 $96,465

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 34 $2,470,000 $72,647
    Single Family (1-4 Units):Site-Built 1,659 $160,845,000 $96,953

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 349 $17,875,000 $51,218 $736 4.88%
    40-60% 196 $16,280,000 $83,061 $1,199 4.37%
    60-80% 368 $47,360,000 $128,696 $2,297 4.09%
    80-100% 466 $70,600,000 $151,502 $3,954 4.08%
    Over 100% 11 $2,575,000 $234,091 $7,888 4.25%
    Under 20% 298 $8,100,000 $27,181 $618 4.71%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    AMERICA FIRST FEDERAL CREDIT UNION Home equity loan or line of credit (HELOC) Trouble during payment process 1 100.0%