Appalachian Community Federal Credit Union Mortgage Rates, Fees & Info
Gray, TNLEI: 5493004C6NM2VNOH2N94
Tax ID: 62-0290082
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Mortgage Data
Review & Overview
Appalachian Community Federal Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase 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, Greeneville, and Lynchburg among others. We have data for 8 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
53Origination Dollar Volume (All Markets)
$5,215,000Top 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) | 32 | $3,280,000 | $102,500 | $0 | 0.00% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 5 | $565,000 | $113,000 | $0 | 0.00% |
| Outside of Metro Areas | 7 | $485,000 | $69,286 | $0 | 0.00% |
| Big Stone Gap, VA (FHA|USDA|VA) | 3 | $325,000 | $108,333 | $0 | 0.00% |
| Greeneville, TN (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $0 | 0.00% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| Richmond-Berea, KY (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $0 | 0.00% |
| London, KY (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $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 | 52 | $5,050,000 | $97,115 | $0 | 0.00% |
| FHA | 1 | $165,000 | $165,000 | $0 | 0.00% |
For 2019, Appalachian Community Federal Credit Union's most frequently originated type of loan was Conventional, with 52 originations. Their 2nd most popular type was FHA, with 1 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 27 | $2,595,000 | $96,111 | $0 | 0.00% |
| Home Purchase | 22 | $2,260,000 | $102,727 | $0 | 0.00% |
| Refi | 4 | $360,000 | $90,000 | $0 | 0.00% |
For 2019, Appalachian Community Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 27 originations. The 2nd most popular reason was Home Purchase, with 22 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 53 | $5,215,000 | $98,396 | $0 | 0.00% |
For 2019, Appalachian Community Federal Credit Union's most frequently cited loan duration was Other, with 53 originations.
Loan Sizing
2019 saw Appalachian Community Federal Credit Union place emphasis on $100,000 or less loans with 31 originations, totaling $1,775,000 in origination value.
Applicant Income
Appalachian Community Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 17 originations. The second most popular income band? $50k or less, with 17 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 53 | $5,215,000 | $98,396 | $0 | 0.00% |
Appalachian Community Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 53 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications73.28%
Appalachian Community Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination45.28%
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 |
|---|---|---|---|
| Exempt | 53 | $5,215,000 | $98,396 |