Afl Cio Employees Federal Credit Union Mortgage Rates, Fees & Info
Washington, DCLEI: 5493008LTXJSUQBJKO24
Tax ID: 53-0233491
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Afl Cio Employees Federal Credit Union is a smaller credit union specializing in Home Improvement and Home Purchase loans. Their top two markets are Washington and Miami .Afl Cio Employees Federal Credit Union has a below average approval rate when compared to the average across all lenders. They typically have relatively high rates.
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Originations
3Origination Dollar Volume (All Markets)
$365,000Top Markets
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| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 6.38% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 6.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 3 | $365,000 | $121,667 | n/a | 6.25% |
For 2019, Afl Cio Employees Federal Credit Union's most frequently originated type of loan was HELOC, with 3 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Improvement | 2 | $260,000 | $130,000 | $0 | 6.00% |
| Home Purchase | 1 | $105,000 | $105,000 | $0 | 6.75% |
For 2019, Afl Cio Employees Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 2 originations. The 2nd most popular reason was Home Purchase, with 1 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 3 | $365,000 | $121,667 | $0 | 6.25% |
For 2019, Afl Cio Employees Federal Credit Union's most frequently cited loan duration was 30 Year, with 3 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 2 | $260,000 | $130,000 |
| 6-7% | 1 | $105,000 | $105,000 |
During 2019, Afl Cio Employees Federal Credit Union's average interest rate for loans was 6.25%, while their most frequently originated rate bucket for loans was 5-6%, with 2 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-200k | 3 | $365,000 | $121,667 | $0 | 6.25% |
2019 saw Afl Cio Employees Federal Credit Union place emphasis on $100k-200k loans with 3 originations, totaling $365,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $150k-250k | 2 | $260,000 | $130,000 | $0 | 6.38% |
| $50k-75k | 1 | $105,000 | $105,000 | $0 | 6.00% |
Afl Cio Employees Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 2 originations. The second most popular income band? $50k-75k, with 1 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 36% | 1 | $155,000 | $155,000 | $0 | 6.00% |
| 39% | 1 | $105,000 | $105,000 | $0 | 6.75% |
| 50-60% | 1 | $105,000 | $105,000 | $0 | 6.00% |
Afl Cio Employees Federal Credit Union lent most frequently to those with DTI ratios of 36%, with 1 originations. The next most common DTI ratio? 39%, with 1 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| American Indian | 2 | $260,000 | $130,000 | $0 | 6.38% |
| White | 1 | $105,000 | $105,000 | $0 | 6.00% |
Approval Rates
Total approvals of all applications60.00%
Afl Cio Employees Federal Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 3 | $365,000 | $121,667 |