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 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, Big Stone Gap, Greeneville, and Charleston 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
143Origination Dollar Volume (All Markets)
$21,885,000Top 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) | 77 | $10,725,000 | $139,286 | $0 | 0.00% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 25 | $5,775,000 | $231,000 | $0 | 0.00% |
| Big Stone Gap, VA (FHA|USDA|VA) | 22 | $2,180,000 | $99,091 | $0 | 0.00% |
| Greeneville, TN (FHA|USDA|VA) | 6 | $1,260,000 | $210,000 | $0 | 0.00% |
| Outside of Metro Areas | 8 | $640,000 | $80,000 | $0 | 0.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 0.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| Newport, TN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| London, KY (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
Their top states include:
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 | 143 | $21,885,000 | $153,042 | $0 | 0.00% |
For 2021, Appalachian Community Federal Credit Union's most frequently originated type of loan was Conventional, with 143 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 65 | $10,355,000 | $159,308 | $0 | 0.00% |
| Cash Out Refi | 55 | $8,175,000 | $148,636 | $0 | 0.00% |
| Refi | 23 | $3,355,000 | $145,870 | $0 | 0.00% |
For 2021, Appalachian Community Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 65 originations. The 2nd most popular reason was Cash Out Refi, with 55 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 143 | $21,885,000 | $153,042 | $0 | 0.00% |
For 2021, Appalachian Community Federal Credit Union's most frequently cited loan duration was Other, with 143 originations.
Loan Sizing
2021 saw Appalachian Community Federal Credit Union place emphasis on $100,000 or less loans with 56 originations, totaling $3,560,000 in origination value.
Applicant Income
Appalachian Community Federal Credit Union lent most frequently to those with incomes in the $50k or less range, with 58 originations. The second most popular income band? $50k-75k, with 37 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 143 | $21,885,000 | $153,042 | $0 | 0.00% |
Appalachian Community Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 143 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 134 | $20,840,000 | $155,522 | $0 | 0.00% |
| Not provided | 7 | $885,000 | $126,429 | $0 | 0.00% |
| Black | 2 | $160,000 | $80,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications79.15%
Appalachian Community Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination16.78%
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 | 143 | $21,885,000 | $153,042 |