A+ Federal Credit Union Mortgage Rates, Fees & Info
Austin, TXLEI: 549300AZ4UOXI3Q53W34
Tax ID: 74-1178648
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Mortgage Data
Review & Overview
A+ 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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SimulatedRates™Mortgage Type |
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. | ||
Originations
1,235Origination Dollar Volume (All Markets)
$252,005,000Awards
A+ Federal Credit Union - 2022
A+ Federal Credit Union is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Relative Rate
A+ Federal Credit Union's average 30 year fixed mortgage rate was
3.83%.
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.
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 |
|---|---|---|---|---|---|
| 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% |
Similar Lenders
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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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 1,064 | $231,630,000 | $217,697 | $1,225 | 4.20% |
| HELOC | 171 | $20,375,000 | $119,152 | n/a | 5.17% |
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.
Loan Reason
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.
Loan Duration/Length
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
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.
Interest Rates
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.
Loan Sizing
2022 saw A+ Federal Credit Union place emphasis on $100k-200k loans with 394 originations, totaling $56,340,000 in origination value.
Applicant Income
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.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.58%
A+ Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination53.93%
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 | 1,235 | $252,005,000 | $204,053 |