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 Cash Out Refi, Refi, and Home Purchase loans. A. E. A. Federal Credit Union has a high proportion of conventional loans. Their top (well, only) market is Yuma.

    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 an average 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% 11/17/24
    30 Year Conventional Refi 7.07% 11/17/24
    30 Year Cash-out Refi 7.01% 11/17/24
    15 Year Conventional Purchase 5.68% 11/17/24
    15 Year Conventional Refi 6.52% 11/17/24
    15 Year Cash-out Refi 6.52% 11/17/24
    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

    38

    Origination Dollar Volume (All Markets)

    $5,500,000

    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) 38 $5,500,000 $144,737 $5,248 4.57%
    A. E. A. Federal Credit Union's top markets include and Yuma 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: 30
    RESIDENTIAL WHOLESALE MORTGAGE, INC.
    Similarity Rank: 430
    PANORAMA MORTGAGE GROUP, LLC
    Similarity Rank: 3420
    Wells Fargo Bank
    Similarity Rank: 4595
    NOVA FINANCIAL & INVESTMENT CORPORATION
    Similarity Rank: 4988
    U.S. Bank
    Similarity Rank: 5106
    The Home Loan Expert LLC
    Similarity Rank: 7367
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY
    Similarity Rank: 9120
    Neighborhood Loans, Inc.
    Similarity Rank: 9750
    JPMorgan Chase Bank
    Similarity Rank: 10548

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 38 $5,500,000 $144,737 $5,248 4.57%

    For 2022, A. E. A. Federal Credit Union's most frequently originated type of loan was Conventional, with 38 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 24 $3,190,000 $132,917 $4,945 4.55%
    Refi 8 $1,150,000 $143,750 $4,301 3.66%
    Home Purchase 6 $1,160,000 $193,333 $8,215 5.85%

    For 2022, A. E. A. Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 24 originations. The 2nd most popular reason was Refi, with 8 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 21 $3,195,000 $152,143 $5,911 5.09%
    15 Year 9 $1,205,000 $133,889 $3,889 3.31%
    20 Year 7 $1,075,000 $153,571 $5,004 4.04%
    Other 1 $25,000 $25,000 $0 8.75%

    For 2022, A. E. A. Federal Credit Union's most frequently cited loan duration was 30 Year, with 21 originations. The 2nd most popular length was 15 Year, with 9 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 13 $1,435,000 $110,385
    $3k-4k 11 $1,545,000 $140,455
    $4k-5k 5 $775,000 $155,000
    $5k+ 5 $1,265,000 $253,000
    $1k-2k 3 $455,000 $151,667
    $<1k 1 $25,000 $25,000

    A. E. A. Federal Credit Union's average total fees were $5,911, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 13 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 10 $1,550,000 $155,000
    2.5-3% 8 $1,050,000 $131,250
    4-5% 7 $1,075,000 $153,571
    5-6% 6 $1,070,000 $178,333
    6-7% 4 $470,000 $117,500
    7-8% 2 $260,000 $130,000
    Over 8% 1 $25,000 $25,000

    During 2022, A. E. A. Federal Credit Union's average interest rate for loans was 5.09%, while their most frequently originated rate bucket for loans was 3-4%, with 10 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 24 $3,280,000 $136,667 $4,863 4.23%
    $100,000 or less 7 $465,000 $66,429 $3,898 5.27%
    $200k-400k 7 $1,755,000 $250,714 $7,724 5.02%

    2022 saw A. E. A. Federal Credit Union place emphasis on $100k-200k loans with 24 originations, totaling $3,280,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 12 $1,380,000 $115,000 $4,659 3.82%
    $75k-100k 10 $1,580,000 $158,000 $5,024 4.74%
    $50k-75k 9 $1,435,000 $159,444 $5,664 4.92%
    $100k-150k 6 $1,060,000 $176,667 $6,229 4.94%
    $150k-250k 1 $45,000 $45,000 $4,693 6.50%

    A. E. A. Federal Credit Union lent most frequently to those with incomes in the $50k or less range, with 12 originations. The second most popular income band? $75k-100k, with 10 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 9 $1,615,000 $179,444 $5,538 3.90%
    30-36% 6 $820,000 $136,667 $4,983 4.54%
    44% 3 $295,000 $98,333 $4,428 3.71%
    45% 3 $485,000 $161,667 $7,034 5.04%
    <20% 2 $320,000 $160,000 $6,183 5.94%
    39% 2 $220,000 $110,000 $5,223 4.88%
    37% 2 $210,000 $105,000 $4,037 4.00%
    43% 2 $210,000 $105,000 $3,169 5.88%
    40% 2 $310,000 $155,000 $4,346 3.81%
    50-60% 1 $175,000 $175,000 $5,448 3.00%
    36% 1 $125,000 $125,000 $4,752 3.38%
    41% 1 $155,000 $155,000 $5,907 6.63%
    42% 1 $235,000 $235,000 $7,553 3.75%
    46% 1 $165,000 $165,000 $5,847 6.13%
    47% 1 $55,000 $55,000 $3,192 7.63%
    49% 1 $105,000 $105,000 $4,595 5.50%

    A. E. A. Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 9 originations. The next most common DTI ratio? 30-36%, with 6 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 22 $3,330,000 $151,364 $5,306 4.61%
    Not provided 16 $2,170,000 $135,625 $5,172 4.51%

    Approval Rates

    Total approvals of all applications
    77.89%

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

    Pick Rate

    Approvals leading to origination
    21.05%

    A. E. A. 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
    NA 38 $5,500,000 $144,737

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    38 $5,500,000 $144,737

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 3 $185,000 $61,667 $4,258 6.38%
    40-60% 14 $1,770,000 $126,429 $4,655 3.93%
    60-80% 15 $2,305,000 $153,667 $5,241 4.73%
    80-100% 5 $1,135,000 $227,000 $7,777 4.70%
    Under 20% 1 $105,000 $105,000 $3,964 5.13%