Appalachian Community Federal Credit Union Mortgage Rates, Fees & Info
Gray, TNLEI: 5493004C6NM2VNOH2N94
Tax ID: 62-0290082
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Appalachian Community Federal Credit Union is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. Appalachian Community Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Kingsport, Johnson City, Greeneville, Big Stone Gap, and Morristown among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Appalachian Community 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.
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Originations
134Origination Dollar Volume (All Markets)
$14,650,000Top 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 |
|---|---|---|---|---|---|
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 73 | $7,735,000 | $105,959 | $0 | 0.00% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 20 | $2,100,000 | $105,000 | $0 | 0.00% |
| Outside of Metro Areas | 13 | $1,275,000 | $98,077 | $0 | 0.00% |
| Greeneville, TN (FHA|USDA|VA) | 6 | $1,230,000 | $205,000 | $0 | 0.00% |
| Big Stone Gap, VA (FHA|USDA|VA) | 15 | $1,095,000 | $73,000 | $0 | 0.00% |
| MORRISTOWN, TN (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $0 | 0.00% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Appalachian Community Federal 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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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 134 | $14,650,000 | $109,328 | $0 | 0.00% |
For 2023, Appalachian Community Federal Credit Union's most frequently originated type of loan was Conventional, with 134 originations.
Loan Reason
For 2023, Appalachian Community Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 44 originations. The 2nd most popular reason was Cash Out Refi, with 43 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 134 | $14,650,000 | $109,328 | $0 | 0.00% |
For 2023, Appalachian Community Federal Credit Union's most frequently cited loan duration was Other, with 134 originations.
Loan Sizing
2023 saw Appalachian Community Federal Credit Union place emphasis on $100,000 or less loans with 77 originations, totaling $3,735,000 in origination value.
Applicant Income
Appalachian Community Federal Credit Union lent most frequently to those with incomes in the $50k or less range, with 38 originations. The second most popular income band? $50k-75k, with 36 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 134 | $14,650,000 | $109,328 | $0 | 0.00% |
Appalachian Community Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 134 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications79.73%
Appalachian Community Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination72.39%
Appalachian Community Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 134 | $14,650,000 | $109,328 |