Aberdeen Proving Ground Federal Credit Union Mortgage Rates, Fees & Info

Edgewood, MD

LEI: 5493004XJV6Y8XQYPX87

Tax ID: 52-0637374

5 stars - Updated: 6/22/25 - out of 5 stars, based on 38 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • 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

    Aberdeen Proving Ground Federal Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Aberdeen Proving Ground 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: Baltimore, Philadelphia, Salisbury, Washington, and York among others. We have data for 37 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Aberdeen Proving Ground 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. Aberdeen Proving Ground 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 about average 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.84% 6/22/25
    30 Year Conventional Purchase 6.41% 6/22/25
    30 Year Conventional Refi 6.22% 6/22/25
    30 Year Cash-out Refi 6.50% 6/22/25
    30 Year FHA Purchase 7.43% 6/22/25
    30 Year FHA Refi 6.72% 6/22/25
    30 Year VA Purchase 6.64% 6/22/25
    30 Year USDA Purchase 6.72% 6/22/25
    15 Year Conventional Purchase 4.70% 6/22/25
    15 Year Conventional Refi 7.39% 6/22/25
    15 Year Cash-out Refi 7.39% 6/22/25
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Aberdeen Proving Ground Federal Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Aberdeen Proving Ground Federal Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    1,457

    Origination Dollar Volume (All Markets)

    $171,015,000
    Show all (5) awards

    Relative Rate

    Aberdeen Proving Ground Federal Credit Union's average 30 year fixed mortgage rate was 5.91%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of -0.64%.

    Relative Fees (Closing Costs)

    Aberdeen Proving Ground Federal Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $4,687.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $8,356.

    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
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 898 $103,790,000 $115,579 $1,009 5.34%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 434 $46,910,000 $108,088 $878 5.47%
    SALISBURY, MD-DE (FHA|USDA|VA) 28 $5,560,000 $198,571 $2,526 5.09%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 15 $3,855,000 $257,000 $2,000 4.95%
    YORK-HANOVER, PA (FHA|USDA|VA) 29 $2,975,000 $102,586 $1,317 5.10%
    OCEAN CITY, NJ (FHA|USDA|VA) 3 $1,065,000 $355,000 $2,598 5.12%
    Outside of Metro Areas 9 $965,000 $107,222 $1,422 5.87%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $550,000 $275,000 $4,038 5.56%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 3 $485,000 $161,667 $1,651 6.54%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $485,000 $485,000 $5,437 5.75%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $365,000 $365,000 $452 6.74%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $325,000 $325,000 $4,694 5.25%
    JACKSONVILLE, NC (FHA|USDA|VA) 2 $300,000 $150,000 $0 2.99%
    LANCASTER, PA (FHA|USDA|VA) 4 $290,000 $72,500 $0 6.05%
    Easton, MD (FHA|USDA|VA) 1 $255,000 $255,000 $3,402 6.00%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $240,000 $120,000 $0 5.37%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $215,000 $215,000 $6,668 5.75%
    ALTOONA, PA (FHA|USDA|VA) 1 $185,000 $185,000 $4,076 5.25%
    FAYETTEVILLE, NC (FHA|USDA|VA) 1 $185,000 $185,000 $0 2.99%
    CUMBERLAND, MD-WV (FHA|USDA|VA) 2 $180,000 $90,000 $3,664 6.00%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $175,000 $175,000 $128 6.74%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $165,000 $165,000 $346 6.14%
    DOVER, DE (FHA|USDA|VA) 2 $160,000 $80,000 $468 5.99%
    OCALA, FL (FHA|USDA|VA) 1 $155,000 $155,000 $159 6.49%
    VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 1 $135,000 $135,000 $28 6.49%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $130,000 $65,000 $0 3.24%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $125,000 $125,000 $0 9.79%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $105,000 $105,000 $0 3.49%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $105,000 $105,000 $0 2.99%
    RICHMOND, VA (FHA|USDA|VA) 1 $105,000 $105,000 $0 6.14%
    GETTYSBURG, PA (FHA|USDA|VA) 1 $95,000 $95,000 $0 7.24%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $95,000 $95,000 $0 2.99%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $85,000 $85,000 $0 2.99%
    Orangeburg, SC (FHA|USDA|VA) 1 $75,000 $75,000 $3,423 6.63%
    Huntingdon, PA (FHA|USDA|VA) 1 $55,000 $55,000 $600 6.14%
    Cambridge, MD (FHA|USDA|VA) 1 $45,000 $45,000 $600 5.89%
    CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 1 $25,000 $25,000 $0 9.50%
    Aberdeen Proving Ground Federal Credit Union's top markets include Baltimore, Philadelphia, Salisbury, Washington, and York among others.

    Their top states include:
  • Maryland (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against ABERDEEN PROVING GROUND FEDERAL CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Columbia Bank
    Similarity Rank: 32
    County Savings Bank
    Similarity Rank: 82
    POINT BREEZE
    Similarity Rank: 90
    FIRST FINANCIAL OF MARYLAND
    Similarity Rank: 117
    FREEDOM CREDIT UNION
    Similarity Rank: 255
    Peoples Security Bank and Trust Company
    Similarity Rank: 320
    ESSA Bank & Trust
    Similarity Rank: 429
    DEL-ONE FEDERAL CREDIT UNION
    Similarity Rank: 455
    State Financial Network, LLC
    Similarity Rank: 782
    FEDERATED LENDING CORPORATION
    Similarity Rank: 825

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 903 $114,555,000 $126,860 $988 6.59%
    HELOC 547 $54,155,000 $99,004 n/a 3.37%
    VA 4 $1,490,000 $372,500 $7,928 6.47%
    FHA 3 $815,000 $271,667 $10,108 6.58%

    For 2024, Aberdeen Proving Ground Federal Credit Union's most frequently originated type of loan was Conventional, with 903 originations. Their 2nd most popular type was HELOC, with 547 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 638 $60,240,000 $94,420 $220 6.52%
    Home Improvement 289 $25,695,000 $88,910 $82 3.80%
    Home Purchase 212 $50,200,000 $236,792 $4,015 6.67%
    Other 202 $16,560,000 $81,980 $0 3.53%
    Refi 116 $18,320,000 $157,931 $2,742 3.89%

    For 2024, Aberdeen Proving Ground Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 638 originations. The 2nd most popular reason was Home Improvement, with 289 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 748 $70,650,000 $94,452 $89 4.25%
    20 Year 293 $30,685,000 $104,727 $176 7.41%
    30 Year 175 $52,985,000 $302,771 $4,687 5.91%
    10 Year 165 $11,935,000 $72,333 $79 6.24%
    5 Year 71 $4,015,000 $56,549 $42 5.40%
    Other 5 $745,000 $149,000 $4,742 7.25%

    For 2024, Aberdeen Proving Ground Federal Credit Union's most frequently cited loan duration was 15 Year, with 748 originations. The 2nd most popular length was 20 Year, with 293 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 683 $59,715,000 $87,430
    $1k-2k 152 $44,390,000 $292,039
    $2k-3k 14 $3,450,000 $246,429
    $3k-4k 7 $2,995,000 $427,857
    $5k+ 4 $2,470,000 $617,500
    $4k-5k 2 $410,000 $205,000

    Aberdeen Proving Ground Federal Credit Union's average total fees were $4,687, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 683 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 459 $49,655,000 $108,181
    2.5-3% 272 $26,200,000 $96,324
    5-6% 259 $46,935,000 $181,216
    3-4% 192 $18,590,000 $96,823
    7-8% 121 $13,555,000 $112,025
    Over 8% 87 $6,275,000 $72,126
    <2.5% 61 $7,695,000 $126,148
    4-5% 6 $2,110,000 $351,667

    During 2024, Aberdeen Proving Ground Federal Credit Union's average interest rate for loans was 5.91%, while their most frequently originated rate bucket for loans was 6-7%, with 459 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 883 $50,345,000 $57,016 $87 5.36%
    $100k-200k 347 $45,695,000 $131,686 $957 5.49%
    $200k-400k 163 $43,825,000 $268,865 $3,663 5.41%
    $400k-600k 54 $23,690,000 $438,704 $4,376 4.78%
    $600k-1MM 9 $6,375,000 $708,333 $6,468 5.60%
    $1MM+ 1 $1,085,000 $1,085,000 $11,572 5.75%

    2024 saw Aberdeen Proving Ground Federal Credit Union place emphasis on $100,000 or less loans with 883 originations, totaling $50,345,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 423 $45,945,000 $108,617 $811 5.31%
    $150k-250k 401 $54,435,000 $135,748 $891 5.32%
    $75k-100k 230 $22,330,000 $97,087 $1,295 5.54%
    $50k-75k 201 $17,255,000 $85,846 $1,372 5.46%
    $250k+ 125 $24,665,000 $197,320 $1,321 5.08%
    $50k or less 75 $6,145,000 $81,933 $1,369 5.82%

    Aberdeen Proving Ground Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 423 originations. The second most popular income band? $150k-250k, with 401 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 279 $31,425,000 $112,634 $983 5.02%
    30-36% 277 $29,165,000 $105,289 $878 5.62%
    50-60% 116 $11,500,000 $99,138 $7,727 3.71%
    <20% 75 $6,995,000 $93,267 $359 5.03%
    44% 68 $7,960,000 $117,059 $225 6.42%
    40% 66 $9,130,000 $138,333 $1,064 5.69%
    36% 62 $7,710,000 $124,355 $969 5.38%
    42% 61 $8,905,000 $145,984 $1,209 6.50%
    43% 56 $8,200,000 $146,429 $1,338 5.51%
    41% 54 $7,290,000 $135,000 $983 5.69%
    37% 51 $5,305,000 $104,020 $931 5.66%
    38% 50 $7,880,000 $157,600 $1,406 6.09%
    45% 45 $4,925,000 $109,444 $1,227 6.15%
    39% 44 $5,180,000 $117,727 $1,009 5.83%
    49% 34 $5,300,000 $155,882 $2,438 5.69%
    >60% 32 $2,840,000 $88,750 $1,526 4.45%
    46% 29 $3,675,000 $126,724 $1,367 5.22%
    48% 27 $3,075,000 $113,889 $1,244 5.22%
    47% 27 $3,625,000 $134,259 $2,240 5.18%

    Aberdeen Proving Ground Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 279 originations. The next most common DTI ratio? 30-36%, with 277 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,087 $120,895,000 $111,219 $1,007 5.35%
    Not provided 221 $29,575,000 $133,824 $934 5.51%
    Black 113 $13,305,000 $117,743 $1,447 5.53%
    Asian 24 $5,660,000 $235,833 $2,439 5.06%
    American Indian 9 $1,375,000 $152,778 $1,792 5.47%
    Other Pacific Islander 2 $140,000 $70,000 $0 3.49%
    Asian Indian 1 $65,000 $65,000 $0 3.49%

    Approval Rates

    Total approvals of all applications
    77.19%

    Aberdeen Proving Ground Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    62.32%

    Aberdeen Proving Ground 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
    0.0 32 $2,120,000 $66,250
    NA 1,425 $168,895,000 $118,523

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,457 $171,015,000 $117,375

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 414 $49,520,000 $119,614 $232 5.50%
    40-60% 87 $17,395,000 $199,943 $1,725 5.33%
    60-80% 99 $25,855,000 $261,162 $4,245 6.38%
    80-100% 105 $31,865,000 $303,476 $5,082 6.16%
    Over 100% 1 $325,000 $325,000 $13,225 6.50%
    Under 20% 745 $45,655,000 $61,282 $36 5.04%