A+ Federal Credit Union Mortgage Rates, Fees & Info

Austin, TX

LEI: 549300AZ4UOXI3Q53W34

Tax ID: 74-1178648

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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.

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

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    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






    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

    1,235

    Origination Dollar Volume (All Markets)

    $252,005,000
    Show all (6) 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) 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%
    A+ Federal Credit Union's top markets include Austin, Houston, San Antonio, Killeen, and Dallas among others.

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

    • 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.

    PRIMEWAY
    Similarity Rank: 249
    Generations Community Federal Credit Union
    Similarity Rank: 264
    AMOCO
    Similarity Rank: 510
    Texas Health Credit Union
    Similarity Rank: 552
    TEXAS BAY
    Similarity Rank: 957
    COMMUNITY RESOURCE CREDIT UNION
    Similarity Rank: 1074
    A+ Federal Credit Union
    Similarity Rank: 1584
    CAPITAL PLUS FINANCIAL, LLC
    Similarity Rank: 1644
    AUSTIN TELCO Federal Credit Union
    Similarity Rank: 1830
    FIRST CONTINENTAL MORTGAGE, LTD.
    Similarity Rank: 1850

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 439 $117,855,000 $268,462 $1,104 3.74%
    Other 267 $24,435,000 $91,517 $1 5.23%
    Home Improvement 247 $23,345,000 $94,514 $0 4.96%
    Home Purchase 154 $55,170,000 $358,247 $5,109 4.28%
    Refi 128 $31,200,000 $243,750 $617 3.41%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 420 $128,980,000 $307,095 $2,602 3.83%
    15 Year 371 $68,305,000 $184,111 $279 4.38%
    20 Year 259 $30,585,000 $118,089 $131 5.01%
    10 Year 105 $10,795,000 $102,810 $32 4.48%
    5 Year 53 $6,005,000 $113,302 $0 4.77%
    Other 26 $7,150,000 $275,000 $709 3.67%
    3 Year 1 $185,000 $185,000 $0 8.00%

    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
    $<1k 934 $177,930,000 $190,503
    $2k-3k 17 $4,525,000 $266,176
    $1k-2k 11 $2,115,000 $192,273
    $3k-4k 9 $2,835,000 $315,000
    $4k-5k 8 $3,280,000 $410,000
    $5k+ 8 $3,520,000 $440,000

    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

    Loan Rate Originations Total Value Average Loan
    3-4% 493 $110,845,000 $224,838
    4-5% 209 $51,725,000 $247,488
    2.5-3% 183 $42,045,000 $229,754
    5-6% 143 $20,745,000 $145,070
    6-7% 92 $11,100,000 $120,652
    7-8% 80 $10,520,000 $131,500
    <2.5% 23 $3,575,000 $155,435
    Over 8% 12 $1,450,000 $120,833

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 394 $56,340,000 $142,995 $282 4.29%
    $100,000 or less 392 $22,540,000 $57,500 $45 4.93%
    $200k-400k 316 $83,940,000 $265,633 $1,940 3.82%
    $400k-600k 83 $39,005,000 $469,940 $5,363 3.82%
    $600k-1MM 38 $27,550,000 $725,000 $5,310 4.14%
    $1MM+ 12 $22,630,000 $1,885,833 $7,037 4.27%

    2022 saw A+ Federal Credit Union place emphasis on $100k-200k loans with 394 originations, totaling $56,340,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 324 $64,370,000 $198,673 $1,466 4.29%
    $150k-250k 234 $52,650,000 $225,000 $1,787 4.56%
    $50k-75k 232 $30,290,000 $130,560 $686 4.22%
    $75k-100k 196 $31,930,000 $162,908 $897 4.25%
    $50k or less 82 $8,610,000 $105,000 $145 4.31%
    $250k+ 61 $20,465,000 $335,492 $3,090 4.09%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 202 $35,810,000 $177,277 $1,191 4.01%
    30-36% 171 $32,965,000 $192,778 $1,381 4.16%
    >60% 139 $17,515,000 $126,007 $169 4.62%
    50-60% 131 $21,015,000 $160,420 $583 4.76%
    <20% 104 $18,060,000 $173,654 $1,013 3.98%
    42% 41 $9,685,000 $236,220 $1,965 4.07%
    41% 34 $9,110,000 $267,941 $1,761 4.15%
    37% 33 $7,755,000 $235,000 $1,563 4.41%
    38% 33 $6,395,000 $193,788 $2,015 4.80%
    45% 32 $6,070,000 $189,688 $1,784 4.11%
    44% 31 $6,445,000 $207,903 $1,979 4.48%
    40% 31 $6,895,000 $222,419 $1,316 3.92%
    46% 30 $6,780,000 $226,000 $2,543 4.02%
    39% 28 $5,370,000 $191,786 $2,339 4.75%
    48% 28 $4,820,000 $172,143 $388 4.78%
    36% 26 $6,940,000 $266,923 $3,274 4.36%
    43% 24 $4,500,000 $187,500 $1,255 4.51%
    47% 19 $2,985,000 $157,105 $810 4.60%
    49% 18 $4,400,000 $244,444 $2,286 4.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 840 $140,620,000 $167,405 $923 4.30%
    Not applicable 80 $38,490,000 $481,125 $0 4.78%
    Not provided 152 $36,300,000 $238,816 $2,019 4.26%
    Asian 43 $13,485,000 $313,605 $4,626 4.31%
    Black 84 $12,280,000 $146,190 $865 4.68%
    Asian Indian 13 $6,175,000 $475,000 $4,613 3.71%
    American Indian 20 $4,230,000 $211,500 $759 3.86%
    Native Hawaiian or Islander 3 $425,000 $141,667 $0 4.50%

    Approval Rates

    Total approvals of all applications
    89.58%

    A+ Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    53.93%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,235 $252,005,000 $204,053

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 282 $41,220,000 $146,170 $322 4.27%
    40-60% 219 $60,935,000 $278,242 $1,084 3.78%
    60-80% 231 $80,455,000 $348,290 $2,668 3.88%
    80-100% 102 $40,030,000 $392,451 $4,362 3.97%
    Under 20% 401 $29,365,000 $73,229 $44 5.04%