A+ Federal Credit Union Mortgage Rates, Fees & InfoAustin, TX
Tax ID: 74-1178648
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewA+ Federal Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. A+ Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Austin, Houston, San Antonio, Killeen, and Dallas among others. We have data for 33 markets. (Some data included below & more in-depth data is available with an active subscription.)
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+ 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.
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|Simulated Rate||Simulation Date|
|Home Equity Line of Credit (HELOC)||6.27%||3/27/23|
|30 Year Conventional Purchase||6.05%||3/27/23|
|30 Year Conventional Refi||5.93%||3/27/23|
|30 Year Cash-out Refi||5.91%||3/27/23|
|15 Year Conventional Purchase||5.62%||3/27/23|
|15 Year Conventional Refi||5.69%||3/27/23|
|15 Year Cash-out Refi||5.69%||3/27/23|
|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.|
Origination Dollar Volume (All Markets)$252,005,000
A+ Federal Credit Union's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.93%.
Relative Fees (Closing Costs)
A+ Federal Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $2,602.
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 $4,750.
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|
|AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA)||937||$174,445,000||$186,174||$1,188||4.32%|
|HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA)||66||$27,180,000||$411,818||$2,659||4.54%|
|Outside of Metro Areas||46||$10,290,000||$223,696||$1,457||4.33%|
|SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA)||43||$9,535,000||$221,744||$663||4.47%|
|KILLEEN-TEMPLE, TX (FHA|USDA|VA)||56||$8,530,000||$152,321||$767||4.15%|
|Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA)||34||$7,190,000||$211,471||$1,200||4.31%|
|BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA)||6||$3,900,000||$650,000||$0||4.21%|
|CORPUS CHRISTI, TX (FHA|USDA|VA)||4||$2,390,000||$597,500||$3,477||5.34%|
|ABILENE, TX (FHA|USDA|VA)||3||$1,325,000||$441,667||$0||6.25%|
|SHERMAN-DENISON, TX (FHA|USDA|VA)||5||$805,000||$161,000||$0||3.78%|
|Port Lavaca, TX (FHA|USDA|VA)||2||$800,000||$400,000||$3,598||5.06%|
|COLLEGE STATION-BRYAN, TX (FHA|USDA|VA)||4||$730,000||$182,500||$1,915||4.44%|
|VICTORIA, TX (FHA|USDA|VA)||4||$590,000||$147,500||$948||5.41%|
|MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA)||1||$535,000||$535,000||$5,116||3.75%|
|WACO, TX (FHA|USDA|VA)||3||$355,000||$118,333||$2,064||5.08%|
|LUBBOCK, TX (FHA|USDA|VA)||1||$335,000||$335,000||$2,976||5.63%|
|Athens, TX (FHA|USDA|VA)||3||$335,000||$111,667||$1,947||4.21%|
|LONGVIEW, TX (FHA|USDA|VA)||1||$325,000||$325,000||$5,492||2.88%|
|Alice, TX (FHA|USDA|VA)||2||$320,000||$160,000||$0||4.50%|
|Mineral Wells, TX (FHA|USDA|VA)||1||$315,000||$315,000||$4,193||3.88%|
|Fredericksburg, TX (FHA|USDA|VA)||1||$265,000||$265,000||$5,574||3.13%|
|El Campo, TX (FHA|USDA|VA)||1||$255,000||$255,000||$1,175||2.75%|
|Snyder, TX (FHA|USDA|VA)||1||$245,000||$245,000||$0||2.63%|
|LAREDO, TX (FHA|USDA|VA)||1||$185,000||$185,000||$0||2.63%|
|Jacksonville, TX (FHA|USDA|VA)||1||$175,000||$175,000||$0||3.75%|
|Rockport, TX (FHA|USDA|VA)||1||$165,000||$165,000||$0||3.38%|
|Lufkin, TX (FHA|USDA|VA)||1||$105,000||$105,000||$0||4.00%|
|Brenham, TX (FHA|USDA|VA)||1||$95,000||$95,000||$4,076||5.25%|
|BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA)||1||$95,000||$95,000||$0||5.75%|
|Palestine, TX (FHA|USDA|VA)||1||$75,000||$75,000||$0||5.63%|
|Kerrville, TX (FHA|USDA|VA)||1||$55,000||$55,000||$0||5.25%|
|Huntsville, TX (FHA|USDA|VA)||1||$35,000||$35,000||$0||2.88%|
|Stephenville, TX (FHA|USDA|VA)||1||$25,000||$25,000||$0||5.63%|
We use machine learning to identify the top lenders compared against 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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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, A+ Federal Credit Union's most frequently originated type of loan was Conventional, with 1,064 originations. Their 2nd most popular type was HELOC, with 171 originations.
For 2022, A+ Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 439 originations. The 2nd most popular reason was Other, with 267 originations.
For 2022, A+ Federal Credit Union's most frequently cited loan duration was 30 Year, with 420 originations. The 2nd most popular length was 15 Year, with 371 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
A+ Federal Credit Union's average total fees were $2,602, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 934 originations.
During 2022, A+ Federal Credit Union's average interest rate for loans was 3.83%, while their most frequently originated rate bucket for loans was 3-4%, with 493 originations.
2022 saw A+ Federal Credit Union place emphasis on $100k-200k loans with 394 originations, totaling $56,340,000 in origination value.
A+ Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 324 originations. The second most popular income band? $150k-250k, with 234 originations.
Applicant Debt to Income Ratio
A+ Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 202 originations. The next most common DTI ratio? 30-36%, with 171 originations.
Approval RatesTotal approvals of all applications
A+ Federal Credit Union has an average approval rate.
Pick RateApprovals leading to origination
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|