A. E. A. Federal Credit Union Mortgage Rates, Fees & Info
Yuma, AZLEI: 5493007M5RS51EYTT434
Tax ID: 86-0146700
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
A. E. A. Federal Credit Union is a smaller credit union specializing in 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 Lawton .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.
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Originations
10Origination Dollar Volume (All Markets)
$1,570,000Top 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 |
|---|---|---|---|---|---|
| YUMA, AZ (FHA|USDA|VA) | 9 | $1,375,000 | $152,778 | $5,378 | 7.24% |
| LAWTON, OK (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,485 | 6.38% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 10 | $1,570,000 | $157,000 | $5,389 | 7.15% |
For 2023, A. E. A. Federal Credit Union's most frequently originated type of loan was Conventional, with 10 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 8 | $1,150,000 | $143,750 | $5,212 | 7.38% |
| Home Purchase | 2 | $420,000 | $210,000 | $6,094 | 6.25% |
For 2023, A. E. A. Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 8 originations. The 2nd most popular reason was Home Purchase, with 2 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 8 | $1,410,000 | $176,250 | $5,601 | 7.06% |
| 15 Year | 1 | $105,000 | $105,000 | $5,195 | 6.50% |
| 20 Year | 1 | $55,000 | $55,000 | $3,879 | 8.50% |
For 2023, A. E. A. Federal Credit Union's most frequently cited loan duration was 30 Year, with 8 originations. The 2nd most popular length was 15 Year, with 1 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $3k-4k | 3 | $525,000 | $175,000 |
| $4k-5k | 3 | $565,000 | $188,333 |
| $2k-3k | 2 | $130,000 | $65,000 |
| $1k-2k | 1 | $195,000 | $195,000 |
| $5k+ | 1 | $155,000 | $155,000 |
A. E. A. Federal Credit Union's average total fees were $5,601, while their most frequently occuring range of origination fees (closing costs) were in the $3k-4k bucket, with 3 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 5 | $845,000 | $169,000 |
| 6-7% | 4 | $670,000 | $167,500 |
| Over 8% | 1 | $55,000 | $55,000 |
During 2023, A. E. A. Federal Credit Union's average interest rate for loans was 7.06%, while their most frequently originated rate bucket for loans was 7-8%, with 5 originations.
Loan Sizing
2023 saw A. E. A. Federal Credit Union place emphasis on $100k-200k loans with 6 originations, totaling $980,000 in origination value.
Applicant Income
A. E. A. Federal Credit Union lent most frequently to those with incomes in the $50k or less range, with 4 originations. The second most popular income band? $75k-100k, with 3 originations.
Applicant Debt to Income Ratio
A. E. A. Federal Credit Union lent most frequently to those with DTI ratios of 39%, with 2 originations. The next most common DTI ratio? 30-36%, with 2 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 6 | $800,000 | $133,333 | $4,666 | 7.13% |
| Not provided | 4 | $770,000 | $192,500 | $6,472 | 7.19% |
Approval Rates
Total approvals of all applications73.91%
A. E. A. Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination-100.00%
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 | 10 | $1,570,000 | $157,000 |