1st Advantage Federal Credit Union Mortgage Rates, Fees & InfoYorktown, VA
Tax ID: 54-0623618
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & Overview1st Advantage Federal Credit Union is a smaller credit union specializing in Home Improvement and Refi loans. 1st Advantage Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Virginia Beach, Richmond, Washington, Hartford, and San Antonio among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)
1st Advantage Federal 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. 1st Advantage Federal Credit Union is typically a high 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.
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.
|Simulated Rate||Simulation Date|
|Home Equity Line of Credit (HELOC)||4.84%||9/25/23|
|30 Year Conventional Purchase||5.81%||9/25/23|
|30 Year Conventional Refi||5.31%||9/25/23|
|30 Year Cash-out Refi||6.30%||9/25/23|
|15 Year Conventional Purchase||9.59%||9/25/23|
|15 Year Conventional Refi||6.45%||9/25/23|
|15 Year Cash-out Refi||6.45%||9/25/23|
|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.|
1st Advantage Federal Credit Union Mortgage Calculator
Your EstimatesEstimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from 1st Advantage Federal 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)$69,715,000
1st Advantage Federal 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 0.24%.
Relative Fees (Closing Costs)
1st Advantage Federal Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $13,316.
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|
|VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA)||478||$56,190,000||$117,552||$7,517||4.14%|
|RICHMOND, VA (FHA|USDA|VA)||56||$5,700,000||$101,786||$7,384||3.98%|
|Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA)||20||$4,930,000||$246,500||$38,537||3.92%|
|Outside of Metro Areas||12||$1,260,000||$105,000||$7,599||4.41%|
|HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA)||1||$545,000||$545,000||$16,190||3.88%|
|SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA)||1||$425,000||$425,000||$17,266||4.25%|
|Kill Devil Hills, NC (FHA|USDA|VA)||1||$125,000||$125,000||$0||8.50%|
|HARRISONBURG, VA (FHA|USDA|VA)||2||$120,000||$60,000||$0||2.74%|
|FAYETTEVILLE, NC (FHA|USDA|VA)||2||$110,000||$55,000||$0||2.87%|
|Brevard, NC (FHA|USDA|VA)||1||$65,000||$65,000||$0||3.24%|
|Plattsburgh, NY (FHA|USDA|VA)||1||$55,000||$55,000||$5,736||3.13%|
|Elizabeth City, NC (FHA|USDA|VA)||1||$55,000||$55,000||$0||2.99%|
|WILMINGTON, NC (FHA|USDA|VA)||1||$55,000||$55,000||$0||2.99%|
|CHARLOTTESVILLE, VA (FHA|USDA|VA)||1||$55,000||$55,000||$0||3.74%|
|MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA)||1||$25,000||$25,000||$0||3.99%|
We use machine learning to identify the top lenders compared against 1ST ADVANTAGE FEDERAL CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 172
Similarity Rank: 361
Similarity Rank: 364
Similarity Rank: 816
Similarity Rank: 1440
Similarity Rank: 1650
Similarity Rank: 1737
Similarity Rank: 2233
Similarity Rank: 2320
Similarity Rank: 2756
|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, 1st Advantage Federal Credit Union's most frequently originated type of loan was HELOC, with 423 originations. Their 2nd most popular type was Conventional, with 156 originations.
For 2022, 1st Advantage Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 260 originations. The 2nd most popular reason was Other, with 171 originations.
For 2022, 1st Advantage Federal Credit Union's most frequently cited loan duration was 20 Year, with 443 originations. The 2nd most popular length was 15 Year, with 39 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
1st Advantage Federal Credit Union's average total fees were $13,316, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 14 originations.
During 2022, 1st Advantage Federal Credit Union's average interest rate for loans was 5.00%, while their most frequently originated rate bucket for loans was 2.5-3%, with 151 originations.
2022 saw 1st Advantage Federal Credit Union place emphasis on $100,000 or less loans with 365 originations, totaling $19,735,000 in origination value.
1st Advantage Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 140 originations. The second most popular income band? $50k-75k, with 107 originations.
Applicant Debt to Income Ratio
1st Advantage Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 118 originations. The next most common DTI ratio? 30-36%, with 103 originations.
Approval RatesTotal approvals of all applications
1st Advantage Federal Credit Union has an average approval rate.
Pick RateApprovals leading to origination
1st Advantage Federal Credit Union has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|
|Bank Name||Product||Issue||2022 CPFB Complaints||% of Total Issues|
|Statebridge Company||Conventional home mortgage||Closing on a mortgage||1||100.0%|