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
Jump to:
Mortgage Data
Review & Overview
Appalachian Community Federal Credit Union is a smaller credit union specializing in Home Purchase and 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, Knoxville, and Richmond among others. We have data for 7 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.
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.
Originations
136Origination Dollar Volume (All Markets)
$16,730,000Top 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) | 75 | $10,185,000 | $135,800 | $0 | 0.00% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 24 | $3,070,000 | $127,917 | $0 | 0.00% |
| Big Stone Gap, VA (FHA|USDA|VA) | 27 | $2,465,000 | $91,296 | $0 | 0.00% |
| Outside of Metro Areas | 6 | $440,000 | $73,333 | $0 | 0.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Richmond-Berea, KY (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $0 | 0.00% |
| MORRISTOWN, TN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $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.
Similarity Rank: 12
Similarity Rank: 27
Similarity Rank: 160
Similarity Rank: 272
Similarity Rank: 429
Similarity Rank: 748
Similarity Rank: 986
Similarity Rank: 2112
Similarity Rank: 3239
Similarity Rank: 4120
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 136 | $16,730,000 | $123,015 | $0 | 0.00% |
For 2022, Appalachian Community Federal Credit Union's most frequently originated type of loan was Conventional, with 136 originations.
Loan Reason
For 2022, Appalachian Community Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 67 originations. The 2nd most popular reason was Refi, with 34 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 136 | $16,730,000 | $123,015 | $0 | 0.00% |
For 2022, Appalachian Community Federal Credit Union's most frequently cited loan duration was Other, with 136 originations.
Loan Sizing
2022 saw Appalachian Community Federal Credit Union place emphasis on $100,000 or less loans with 64 originations, totaling $3,450,000 in origination value.
Applicant Income
Appalachian Community Federal Credit Union lent most frequently to those with incomes in the $50k or less range, with 65 originations. The second most popular income band? $50k-75k, with 33 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 136 | $16,730,000 | $123,015 | $0 | 0.00% |
Appalachian Community Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 136 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications72.53%
Appalachian Community Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination54.41%
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 | 136 | $16,730,000 | $123,015 |