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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 12/16/24 |
| 30 Year Conventional Purchase | 6.05% | 12/16/24 |
| 30 Year Conventional Refi | 5.93% | 12/16/24 |
| 30 Year Cash-out Refi | 5.91% | 12/16/24 |
| 15 Year Conventional Purchase | 5.62% | 12/16/24 |
| 15 Year Conventional Refi | 5.69% | 12/16/24 |
| 15 Year Cash-out Refi | 5.69% | 12/16/24 |
| 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
1,246Origination Dollar Volume (All Markets)
$260,380,000Awards
A+ Federal Credit Union - 2021
A+ Federal Credit Union is a 2021 , due to their low .
For 2021, 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) | 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% |
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 | 1,246 | $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
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
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
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
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
2021 saw A+ Federal Credit Union place emphasis on $100k-200k loans with 452 originations, totaling $67,540,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications91.34%
A+ Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination54.01%
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 |