Appalachian Community Federal Credit Union Mortgage Rates, Fees & Info

Gray, TN

LEI: 5493004C6NM2VNOH2N94

Tax ID: 62-0290082

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

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Mortgage Data

  • Originations
  • 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

    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. 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: Kingsport, Johnson City, Big Stone Gap, Philadelphia, and Richmond among others. We have data for 11 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. Appalachian Community Federal 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 relatively high 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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    Originations

    187

    Origination Dollar Volume (All Markets)

    $24,865,000

    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
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 95 $14,245,000 $149,947 $4,399 5.42%
    JOHNSON CITY, TN (FHA|USDA|VA) 47 $6,305,000 $134,149 $6,126 5.50%
    Outside of Metro Areas 23 $2,285,000 $99,348 $3,662 5.52%
    Big Stone Gap, VA (FHA|USDA|VA) 10 $570,000 $57,000 $2,637 5.55%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $455,000 $455,000 $6,610 4.50%
    Richmond-Berea, KY (FHA|USDA|VA) 3 $285,000 $95,000 $3,560 3.67%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $265,000 $265,000 $5,826 4.00%
    Greeneville, TN (FHA|USDA|VA) 4 $250,000 $62,500 $3,191 6.19%
    Danville, KY (FHA|USDA|VA) 1 $85,000 $85,000 $3,638 4.75%
    London, KY (FHA|USDA|VA) 1 $75,000 $75,000 $2,873 6.75%
    Somerset, KY (FHA|USDA|VA) 1 $45,000 $45,000 $1,761 5.25%
    Appalachian Community Federal Credit Union's top markets include Kingsport, Johnson City, Big Stone Gap, Philadelphia, and Richmond among others.

    Their top states include:
  • Tennessee (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)
  • West Virginia (FHA|USDA|VA)

    • 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.

    Kingsport Press Credit Union
    Similarity Rank: 10
    New Peoples Bank, Inc.
    Similarity Rank: 182
    Highlands Union Bank
    Similarity Rank: 252
    KNOXVILLE TVA EMPLOYEES CREDIT UNION
    Similarity Rank: 306
    Appalachian Community Federal Credit Union
    Similarity Rank: 1023
    HomeTrust Bank
    Similarity Rank: 1271
    FIRST BANCORP
    Similarity Rank: 1800
    First Horizon Bank
    Similarity Rank: 1920
    Bank of Tennessee
    Similarity Rank: 2910
    STEARNS LENDING, LLC
    Similarity Rank: 5620

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 179 $23,965,000 $133,883 $4,689 5.44%
    FHA 6 $820,000 $136,667 $2,331 5.10%
    HELOC 2 $80,000 $40,000 n/a 6.13%

    For 2018, Appalachian Community Federal Credit Union's most frequently originated type of loan was Conventional, with 179 originations. Their 2nd most popular type was FHA, with 6 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 107 $12,795,000 $119,579 $3,714 5.50%
    Cash Out Refi 66 $10,130,000 $153,485 $6,250 5.35%
    Refi 11 $1,545,000 $140,455 $3,819 5.25%
    Other 3 $395,000 $131,667 $4,570 5.83%

    For 2018, Appalachian Community Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 107 originations. The 2nd most popular reason was Cash Out Refi, with 66 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 116 $17,340,000 $149,483 $4,461 5.42%
    Other 44 $3,110,000 $70,682 $2,589 5.78%
    15 Year 13 $1,795,000 $138,077 $3,741 5.27%
    20 Year 6 $630,000 $105,000 $3,083 4.17%
    1 Year 4 $1,800,000 $450,000 $36,906 5.19%
    10 Year 3 $135,000 $45,000 $2,581 4.68%
    5 Year 1 $55,000 $55,000 $2,451 5.75%

    For 2018, Appalachian Community Federal Credit Union's most frequently cited loan duration was 30 Year, with 116 originations. The 2nd most popular length was Other, with 44 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 57 $2,755,000 $48,333
    $1k-2k 50 $4,390,000 $87,800
    $2k-3k 29 $4,275,000 $147,414
    $3k-4k 24 $5,170,000 $215,417
    $4k-5k 9 $3,035,000 $337,222
    $5k+ 9 $4,135,000 $459,444

    Appalachian Community Federal Credit Union's average total fees were $4,461, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 57 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 81 $10,305,000 $127,222
    4-5% 67 $11,155,000 $166,493
    6-7% 21 $1,235,000 $58,810
    7-8% 6 $810,000 $135,000
    Over 8% 6 $400,000 $66,667
    3-4% 4 $610,000 $152,500
    <2.5% 2 $350,000 $175,000

    During 2018, Appalachian Community Federal Credit Union's average interest rate for loans was 5.42%, while their most frequently originated rate bucket for loans was 5-6%, with 81 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 97 $5,505,000 $56,753 $2,662 5.71%
    $100k-200k 54 $7,240,000 $134,074 $4,316 5.26%
    $200k-400k 29 $8,315,000 $286,724 $10,356 4.87%
    $400k-600k 5 $2,355,000 $471,000 $9,063 5.50%
    $600k-1MM 2 $1,450,000 $725,000 $10,662 5.02%

    2018 saw Appalachian Community Federal Credit Union place emphasis on $100,000 or less loans with 97 originations, totaling $5,505,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 66 $5,260,000 $79,697 $3,420 5.41%
    $50k-75k 53 $6,525,000 $123,113 $5,915 5.48%
    $75k-100k 28 $3,200,000 $114,286 $3,645 5.74%
    $100k-150k 22 $4,700,000 $213,636 $5,480 5.59%
    $150k-250k 9 $2,825,000 $313,889 $6,664 4.44%
    $250k+ 9 $2,355,000 $261,667 $4,770 5.09%

    Appalachian Community Federal Credit Union lent most frequently to those with incomes in the $50k or less range, with 66 originations. The second most popular income band? $50k-75k, with 53 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 45 $6,425,000 $142,778 $3,980 5.62%
    20-30% 39 $3,925,000 $100,641 $3,275 5.51%
    <20% 18 $2,090,000 $116,111 $3,458 5.40%
    38% 13 $985,000 $75,769 $2,978 6.02%
    42% 10 $1,150,000 $115,000 $4,191 4.54%
    39% 10 $860,000 $86,000 $3,018 5.66%
    37% 8 $1,210,000 $151,250 $4,872 4.83%
    36% 6 $960,000 $160,000 $4,738 5.40%
    43% 6 $1,390,000 $231,667 $6,492 5.42%
    41% 5 $575,000 $115,000 $3,534 5.10%
    48% 4 $860,000 $215,000 $4,730 4.87%
    47% 4 $750,000 $187,500 $4,854 4.78%
    40% 4 $1,080,000 $270,000 $6,533 5.31%
    44% 4 $330,000 $82,500 $2,895 5.75%
    50-60% 4 $320,000 $80,000 $2,611 5.19%
    >60% 3 $985,000 $328,333 $47,766 6.17%
    46% 2 $120,000 $60,000 $3,084 4.50%
    45% 1 $335,000 $335,000 $9,380 6.50%

    Appalachian Community Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 45 originations. The next most common DTI ratio? 20-30%, with 39 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 176 $23,250,000 $132,102 $4,582 5.45%
    Black 5 $595,000 $119,000 $3,980 5.75%
    Not provided 4 $560,000 $140,000 $4,066 4.82%
    American Indian 1 $315,000 $315,000 $6,381 4.99%
    Asian 1 $145,000 $145,000 $13,380 5.25%

    Approval Rates

    Total approvals of all applications
    88.24%

    Appalachian Community Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    59.89%

    Appalachian Community Federal Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 187 $24,865,000 $132,968

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $105,000 $105,000
    Single Family (1-4 Units):Manufactured 24 $1,470,000 $61,250
    Single Family (1-4 Units):Site-Built 162 $23,290,000 $143,765

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 15 $885,000 $59,000 $2,786 5.67%
    40-60% 17 $1,645,000 $96,765 $3,675 5.37%
    60-80% 56 $8,960,000 $160,000 $6,498 5.48%
    80-100% 82 $10,960,000 $133,659 $3,961 5.31%
    Over 100% 7 $2,015,000 $287,857 $7,532 4.96%
    Under 20% 10 $400,000 $40,000 $1,169 6.43%