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 Refi 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 37 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% | 4/21/24 |
| 30 Year Conventional Purchase | 6.05% | 4/21/24 |
| 30 Year Conventional Refi | 5.93% | 4/21/24 |
| 30 Year Cash-out Refi | 5.91% | 4/21/24 |
| 15 Year Conventional Purchase | 5.62% | 4/21/24 |
| 15 Year Conventional Refi | 5.69% | 4/21/24 |
| 15 Year Cash-out Refi | 5.69% | 4/21/24 |
| 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+ Federal Credit Union Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
942Origination Dollar Volume (All Markets)
$167,290,000Awards
A+ Federal Credit Union - 2020
A+ Federal Credit Union is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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) | 710 | $106,510,000 | $150,014 | $1,732 | 3.43% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 42 | $25,280,000 | $601,905 | $2,399 | 4.16% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 36 | $12,920,000 | $358,889 | $2,829 | 4.01% |
| Outside of Metro Areas | 42 | $5,730,000 | $136,429 | $4,821 | 4.46% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 34 | $5,200,000 | $152,941 | $3,098 | 3.76% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 20 | $4,340,000 | $217,000 | $2,299 | 4.29% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 11 | $1,005,000 | $91,364 | $4,304 | 6.17% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 4 | $610,000 | $152,500 | $5,429 | 5.03% |
| Brownwood, TX (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 3.88% |
| WACO, TX (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $47 | 3.25% |
| Uvalde, TX (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $0 | 2.75% |
| VICTORIA, TX (FHA|USDA|VA) | 4 | $340,000 | $85,000 | $0 | 5.53% |
| LUBBOCK, TX (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $0 | 4.96% |
| Bonham, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $10,863 | 4.50% |
| Athens, TX (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $2,307 | 4.00% |
| Rockport, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,234 | 3.63% |
| Bay City, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $8,397 | 4.50% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 3 | $265,000 | $88,333 | $5,416 | 3.88% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $550 | 5.25% |
| Brenham, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,877 | 3.88% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,372 | 5.50% |
| Sulphur Springs, TX (FHA|USDA|VA) | 3 | $185,000 | $61,667 | $0 | 6.83% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 6.38% |
| Kerrville, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 3.88% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,372 | 5.50% |
| Fredericksburg, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 3.75% |
| Granbury, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 3.75% |
| Corsicana, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 6.50% |
| Lamesa, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 3.50% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 3.88% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 6.75% |
| El Campo, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 6.00% |
| Mineral Wells, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 7.50% |
| MIDLAND, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 7.00% |
| Jacksonville, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.13% |
| Hereford, TX (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 7.00% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 7.75% |
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 | 940 | $167,190,000 | $177,862 | $2,156 | 3.67% |
| HELOC | 2 | $100,000 | $50,000 | n/a | 3.44% |
For 2020, A+ Federal Credit Union's most frequently originated type of loan was Conventional, with 940 originations. Their 2nd most popular type was HELOC, with 2 originations.
Loan Reason
For 2020, A+ Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 392 originations. The 2nd most popular reason was Refi, with 266 originations.
Loan Duration/Length
For 2020, A+ Federal Credit Union's most frequently cited loan duration was 15 Year, with 449 originations. The 2nd most popular length was 30 Year, with 188 originations.
Origination Fees/Closing Costs
A+ Federal Credit Union's average total fees were $2,626, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 777 originations.
Interest Rates
During 2020, A+ Federal Credit Union's average interest rate for loans was 3.70%, while their most frequently originated rate bucket for loans was 3-4%, with 554 originations.
Loan Sizing
2020 saw A+ Federal Credit Union place emphasis on $100k-200k loans with 359 originations, totaling $52,525,000 in origination value.
Applicant Income
A+ Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 226 originations. The second most popular income band? $100k-150k, with 224 originations.
Applicant Debt to Income Ratio
A+ Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 262 originations. The next most common DTI ratio? 30-36%, with 174 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.29%
A+ Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination28.45%
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 |
|---|---|---|---|
| 0.0 | 4 | $260,000 | $65,000 |
| 1150.0 | 1 | $25,000 | $25,000 |
| 1845.68 | 1 | $95,000 | $95,000 |
| 1999.12 | 1 | $65,000 | $65,000 |
| 2007.53 | 1 | $65,000 | $65,000 |
| 2232.12 | 1 | $75,000 | $75,000 |
| 2714.24 | 1 | $95,000 | $95,000 |
| 2850.43 | 1 | $65,000 | $65,000 |
| 2973.87 | 1 | $85,000 | $85,000 |
| 3000.0 | 1 | $65,000 | $65,000 |
| 3993.96 | 1 | $155,000 | $155,000 |
| 798.77 | 1 | $35,000 | $35,000 |
| 799.0 | 33 | $2,545,000 | $77,121 |
| 888.69 | 1 | $45,000 | $45,000 |
| NA | 893 | $163,615,000 | $183,219 |