A. E. A. Federal Credit Union Mortgage Rates, Fees & Info

Yuma, AZ

LEI: 5493007M5RS51EYTT434

Tax ID: 86-0146700

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • 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

    A. E. A. Federal Credit Union is a smaller credit union specializing in Refi, Cash Out Refi, and Home Purchase loans. A. E. A. Federal Credit Union has a high proportion of conventional loans. Their top two markets are Yuma and Sierra Vista .

    A. E. A. 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. A. E. A. 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
    30 Year Conventional Purchase 6.79% 5/4/24
    30 Year Conventional Refi 7.07% 5/4/24
    30 Year Cash-out Refi 7.01% 5/4/24
    15 Year Conventional Purchase 5.68% 5/4/24
    15 Year Conventional Refi 6.52% 5/4/24
    15 Year Cash-out Refi 6.52% 5/4/24
    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.

    A. E. A. 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 A. E. A. 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

    129

    Origination Dollar Volume (All Markets)

    $12,095,000

    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
    YUMA, AZ (FHA|USDA|VA) 127 $11,895,000 $93,661 $3,256 4.45%
    SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 1 $105,000 $105,000 $3,859 4.63%
    Outside of Metro Areas 1 $95,000 $95,000 $4,172 3.88%
    A. E. A. Federal Credit Union's top markets include Yuma and Sierra Vista among others.

    Their top states include:
  • Arizona (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against A. E. A. Federal Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    A. E. A. Federal Credit Union
    Similarity Rank: 48
    CLEARPATH LENDING
    Similarity Rank: 2730
    RESIDENTIAL BANCORP
    Similarity Rank: 2976
    Gateway First Bank
    Similarity Rank: 3568
    NOVA FINANCIAL & INVESTMENT CORPORATION
    Similarity Rank: 3956
    Bank of America
    Similarity Rank: 5719
    Amerifirst Financial, Inc.
    Similarity Rank: 6278
    GENEVA FINANCIAL, LLC
    Similarity Rank: 9009
    PENNYMAC LOAN SERVICES, LLC
    Similarity Rank: 9180
    JPMorgan Chase Bank
    Similarity Rank: 10392

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 125 $11,355,000 $90,840 $3,224 4.47%
    VA 4 $740,000 $185,000 $4,639 3.66%

    For 2019, A. E. A. Federal Credit Union's most frequently originated type of loan was Conventional, with 125 originations. Their 2nd most popular type was VA, with 4 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 38 $3,170,000 $83,421 $2,633 3.89%
    Cash Out Refi 38 $3,340,000 $87,895 $3,463 4.26%
    Home Purchase 33 $3,955,000 $119,848 $4,420 4.09%
    Other 14 $1,270,000 $90,714 $1,845 6.70%
    Home Improvement 6 $360,000 $60,000 $2,811 5.85%

    For 2019, A. E. A. Federal Credit Union's most frequently cited loan purpose was Refi, with 38 originations. The 2nd most popular reason was Cash Out Refi, with 38 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 44 $3,690,000 $83,864 $2,838 4.05%
    30 Year 44 $5,210,000 $118,409 $4,303 4.46%
    20 Year 24 $1,710,000 $71,250 $2,808 5.13%
    10 Year 16 $1,460,000 $91,250 $2,370 4.08%
    5 Year 1 $25,000 $25,000 $1,237 10.50%

    For 2019, A. E. A. Federal Credit Union's most frequently cited loan duration was 15 Year, with 44 originations. The 2nd most popular length was 30 Year, with 44 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 65 $5,255,000 $80,846
    $2k-3k 25 $3,025,000 $121,000
    $<1k 19 $1,525,000 $80,263
    $3k-4k 6 $800,000 $133,333
    $5k+ 3 $585,000 $195,000

    A. E. A. Federal Credit Union's average total fees were $4,303, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 65 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 62 $5,790,000 $93,387
    4-5% 45 $4,265,000 $94,778
    5-6% 12 $1,580,000 $131,667
    Over 8% 5 $165,000 $33,000
    6-7% 4 $280,000 $70,000
    7-8% 1 $15,000 $15,000

    During 2019, A. E. A. Federal Credit Union's average interest rate for loans was 4.46%, while their most frequently originated rate bucket for loans was 3-4%, with 62 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 79 $4,665,000 $59,051 $2,655 4.57%
    $100k-200k 46 $6,000,000 $130,435 $4,011 4.25%
    $200k-400k 3 $855,000 $285,000 $8,015 3.92%
    $400k-600k 1 $575,000 $575,000 $0 5.07%

    2019 saw A. E. A. Federal Credit Union place emphasis on $100,000 or less loans with 79 originations, totaling $4,665,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 72 $5,920,000 $82,222 $3,237 4.37%
    $50k-75k 30 $2,310,000 $77,000 $2,808 4.42%
    $75k-100k 16 $2,600,000 $162,500 $3,972 4.18%
    $100k-150k 7 $915,000 $130,714 $4,173 5.43%
    $150k-250k 4 $350,000 $87,500 $3,050 5.31%

    A. E. A. Federal Credit Union lent most frequently to those with incomes in the $50k or less range, with 72 originations. The second most popular income band? $50k-75k, with 30 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 29 $2,315,000 $79,828 $2,866 4.15%
    30-36% 28 $2,460,000 $87,857 $3,230 4.38%
    <20% 22 $1,770,000 $80,455 $2,997 4.72%
    43% 9 $865,000 $96,111 $3,731 4.51%
    37% 8 $800,000 $100,000 $3,347 4.27%
    41% 6 $840,000 $140,000 $4,724 4.44%
    44% 4 $300,000 $75,000 $3,008 4.28%
    40% 3 $215,000 $71,667 $2,971 4.38%
    42% 3 $315,000 $105,000 $3,760 4.54%
    39% 3 $255,000 $85,000 $4,060 5.79%
    49% 3 $335,000 $111,667 $4,066 4.75%
    46% 2 $220,000 $110,000 $4,397 4.56%
    48% 2 $90,000 $45,000 $2,770 4.50%
    36% 2 $180,000 $90,000 $3,352 3.63%
    38% 1 $135,000 $135,000 $4,453 4.13%
    45% 1 $65,000 $65,000 $4,781 5.25%
    50-60% 1 $205,000 $205,000 $1,767 3.63%

    A. E. A. Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 29 originations. The next most common DTI ratio? 30-36%, with 28 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 123 $11,105,000 $90,285 $3,306 4.43%
    Not provided 5 $915,000 $183,000 $2,208 4.74%
    American Indian 1 $75,000 $75,000 $2,868 4.50%

    Approval Rates

    Total approvals of all applications
    82.46%

    A. E. A. Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    70.54%

    A. E. A. Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 129 $12,095,000 $93,760

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 13 $825,000 $63,462
    Single Family (1-4 Units):Site-Built 116 $11,270,000 $97,155

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 24 $1,270,000 $52,917 $2,224 4.80%
    40-60% 30 $2,180,000 $72,667 $2,676 4.09%
    60-80% 44 $4,470,000 $101,591 $3,748 4.27%
    80-100% 22 $3,010,000 $136,818 $4,538 4.28%
    Over 100% 2 $920,000 $460,000 $11,055 4.47%
    Under 20% 7 $245,000 $35,000 $1,269 6.39%