A+ Federal Credit Union Mortgage Rates, Fees & Info

Austin, TX

LEI: 549300AZ4UOXI3Q53W34

Tax ID: 74-1178648

Latest/2023 | 2022 Data | 2021 Data | 2020 Data |

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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 Beaumont among others. We have data for 30 markets. (Some data included below & more in-depth data is available with an active subscription.)

A+ Federal Credit Union has an above 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.27% 3/28/24
30 Year Conventional Purchase 6.05% 3/28/24
30 Year Conventional Refi 5.93% 3/28/24
30 Year Cash-out Refi 5.91% 3/28/24
15 Year Conventional Purchase 5.62% 3/28/24
15 Year Conventional Refi 5.69% 3/28/24
15 Year Cash-out Refi 5.69% 3/28/24
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






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from A+ Federal Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

1,246

Origination Dollar Volume (All Markets)

$260,380,000

Awards

A+ Federal Credit Union 30 Year Conventional Loans gold A+ Federal Credit Union 30 Year Conventional Loans gold A+ Federal Credit Union 30 Year Conventional Loans bronze
Show all (3) awards

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) 995 $198,985,000 $199,985 $841 2.93%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 47 $18,135,000 $385,851 $1,218 3.42%
Outside of Metro Areas 49 $9,385,000 $191,531 $954 3.29%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 39 $8,685,000 $222,692 $1,326 3.20%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 52 $7,320,000 $140,769 $361 3.34%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 3 $4,685,000 $1,561,667 $0 4.75%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 21 $4,345,000 $206,905 $719 2.99%
Brownwood, TX (FHA|USDA|VA) 3 $2,295,000 $765,000 $3,415 4.04%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 4 $1,050,000 $262,500 $0 3.59%
CORPUS CHRISTI, TX (FHA|USDA|VA) 5 $845,000 $169,000 $1,097 3.70%
Rockport, TX (FHA|USDA|VA) 2 $550,000 $275,000 $6,772 3.19%
WICHITA FALLS, TX (FHA|USDA|VA) 2 $540,000 $270,000 $0 4.31%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 3 $535,000 $178,333 $1,723 3.21%
MIDLAND, TX (FHA|USDA|VA) 2 $390,000 $195,000 $6,494 4.50%
Athens, TX (FHA|USDA|VA) 2 $350,000 $175,000 $3,907 5.00%
WACO, TX (FHA|USDA|VA) 2 $310,000 $155,000 $0 2.63%
TYLER, TX (FHA|USDA|VA) 1 $255,000 $255,000 $0 3.00%
Alice, TX (FHA|USDA|VA) 2 $240,000 $120,000 $0 4.31%
El Campo, TX (FHA|USDA|VA) 1 $205,000 $205,000 $7,603 5.50%
VICTORIA, TX (FHA|USDA|VA) 1 $155,000 $155,000 $0 2.38%
Jacksonville, TX (FHA|USDA|VA) 1 $155,000 $155,000 $0 2.88%
ODESSA, TX (FHA|USDA|VA) 1 $155,000 $155,000 $0 2.50%
Nacogdoches, TX (FHA|USDA|VA) 1 $155,000 $155,000 $0 3.50%
Lufkin, TX (FHA|USDA|VA) 1 $145,000 $145,000 $4,325 5.00%
LONGVIEW, TX (FHA|USDA|VA) 1 $145,000 $145,000 $6,456 5.00%
Uvalde, TX (FHA|USDA|VA) 1 $115,000 $115,000 $0 3.25%
Kingsville, TX (FHA|USDA|VA) 1 $85,000 $85,000 $0 4.38%
Paris, TX (FHA|USDA|VA) 1 $75,000 $75,000 $0 2.88%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $45,000 $45,000 $0 5.75%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $45,000 $45,000 $0 3.75%
A+ Federal Credit Union's top markets include Austin, Houston, San Antonio, Killeen, and Beaumont among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Similar Lenders

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,246 $260,380,000 $208,973 $885 3.02%

    For 2021, A+ Federal Credit Union's most frequently originated type of loan was Conventional, with 1,246 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 553 $143,755,000 $259,955 $926 3.00%
    Refi 360 $69,220,000 $192,278 $424 2.86%
    Other 131 $11,445,000 $87,366 $44 3.16%
    Home Improvement 107 $8,305,000 $77,617 $0 3.12%
    Home Purchase 95 $27,655,000 $291,105 $5,367 3.47%

    For 2021, A+ Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 553 originations. The 2nd most popular reason was Refi, with 360 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 455 $92,125,000 $202,473 $305 2.96%
    30 Year 404 $115,060,000 $284,802 $1,797 3.03%
    20 Year 142 $22,850,000 $160,915 $410 3.20%
    10 Year 114 $10,790,000 $94,649 $66 2.86%
    Other 83 $16,825,000 $202,711 $1,352 3.27%
    5 Year 48 $2,730,000 $56,875 $0 3.01%

    For 2021, A+ Federal Credit Union's most frequently cited loan duration was 15 Year, with 455 originations. The 2nd most popular length was 30 Year, with 404 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,129 $211,825,000 $187,622
    $3k-4k 16 $4,420,000 $276,250
    $2k-3k 14 $3,220,000 $230,000
    $1k-2k 8 $1,770,000 $221,250
    $4k-5k 6 $2,040,000 $340,000
    $5k+ 3 $1,575,000 $525,000

    A+ Federal Credit Union's average total fees were $1,797, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,129 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 661 $137,615,000 $208,192
    3-4% 340 $66,110,000 $194,441
    <2.5% 180 $32,720,000 $181,778
    4-5% 56 $22,760,000 $406,429
    5-6% 8 $1,100,000 $137,500
    6-7% 1 $75,000 $75,000

    During 2021, A+ Federal Credit Union's average interest rate for loans was 3.03%, while their most frequently originated rate bucket for loans was 2.5-3%, with 661 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 452 $67,540,000 $149,425 $226 3.00%
    $200k-400k 398 $106,500,000 $267,588 $1,558 2.97%
    $100,000 or less 310 $18,740,000 $60,452 $62 3.06%
    $400k-600k 44 $20,650,000 $469,318 $4,208 3.15%
    $600k-1MM 27 $19,505,000 $722,407 $4,844 3.10%
    $1MM+ 15 $27,445,000 $1,829,667 $7,383 3.71%

    2021 saw A+ Federal Credit Union place emphasis on $100k-200k loans with 452 originations, totaling $67,540,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 356 $69,810,000 $196,096 $1,020 2.99%
    $50k-75k 261 $37,465,000 $143,544 $302 2.98%
    $75k-100k 203 $34,765,000 $171,256 $787 2.94%
    $150k-250k 195 $48,565,000 $249,051 $1,437 2.98%
    $50k or less 100 $10,300,000 $103,000 $315 3.05%
    $250k+ 53 $21,595,000 $407,453 $2,495 3.02%

    A+ Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 356 originations. The second most popular income band? $50k-75k, with 261 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 273 $48,945,000 $179,286 $930 2.91%
    30-36% 234 $45,200,000 $193,162 $984 2.98%
    50-60% 119 $18,645,000 $156,681 $360 2.95%
    <20% 114 $19,030,000 $166,930 $560 2.87%
    >60% 49 $7,355,000 $150,102 $52 3.09%
    37% 41 $7,275,000 $177,439 $450 2.93%
    42% 40 $8,630,000 $215,750 $1,053 2.93%
    41% 38 $9,090,000 $239,211 $1,610 2.98%
    40% 36 $8,620,000 $239,444 $1,146 3.00%
    36% 34 $7,190,000 $211,471 $1,391 3.07%
    45% 29 $6,575,000 $226,724 $1,274 2.94%
    39% 28 $6,220,000 $222,143 $1,203 2.87%
    38% 25 $6,445,000 $257,800 $1,387 2.97%
    44% 25 $5,805,000 $232,200 $1,242 3.25%
    47% 22 $3,400,000 $154,545 $234 3.03%
    43% 22 $6,440,000 $292,727 $2,051 3.09%
    48% 19 $5,045,000 $265,526 $1,317 2.88%
    46% 18 $2,880,000 $160,000 $1,086 3.03%
    49% 11 $2,155,000 $195,909 $920 2.88%

    A+ Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 273 originations. The next most common DTI ratio? 30-36%, with 234 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 860 $156,640,000 $182,140 $808 2.98%
    Not provided 219 $50,685,000 $231,438 $1,280 2.97%
    Not applicable 50 $29,680,000 $593,600 $0 4.11%
    Black 74 $13,060,000 $176,486 $728 2.97%
    American Indian 22 $3,740,000 $170,000 $1,086 3.01%
    Asian 16 $3,620,000 $226,250 $660 2.97%
    Chinese 2 $2,620,000 $1,310,000 $0 3.75%
    Asian Indian 1 $235,000 $235,000 $0 3.25%
    Native Hawaiian or Islander 1 $65,000 $65,000 $0 3.13%
    Filipino 1 $35,000 $35,000 $0 2.88%

    Approval Rates

    Total approvals of all applications
    91.34%

    A+ Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    54.01%

    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
    1609.45 1 $45,000 $45,000
    2364.73 1 $75,000 $75,000
    799.0 2 $170,000 $85,000
    NA 1,242 $260,090,000 $209,412

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,246 $260,380,000 $208,973

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 287 $42,025,000 $146,429 $145 2.85%
    40-60% 329 $75,645,000 $229,924 $630 2.92%
    60-80% 329 $106,585,000 $323,967 $1,777 3.18%
    80-100% 72 $21,850,000 $303,472 $4,257 3.41%
    Under 20% 229 $14,275,000 $62,336 $43 3.05%