Andrews Federal Credit Union Mortgage Rates, Fees & Info
Suitland, MDLEI: 549300D2OYT7VTDY6Z20
Tax ID: 53-0197903
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Andrews Federal Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Andrews Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Washington, Philadelphia, New York, Heber, and Baltimore among others. We have data for 91 markets. (Some data included below & more in-depth data is available with an active subscription.)Andrews 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. Andrews 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 |
|---|---|---|
| 30 Year Conventional Purchase | 6.27% | 4/5/25 |
| 30 Year Conventional Refi | 6.04% | 4/5/25 |
| 30 Year Cash-out Refi | 6.76% | 4/5/25 |
| 30 Year FHA Purchase | 6.72% | 4/5/25 |
| 30 Year VA Purchase | 6.72% | 4/5/25 |
| 30 Year VA Refi | 6.72% | 4/5/25 |
| 15 Year Conventional Purchase | 5.62% | 4/5/25 |
| 15 Year Conventional Refi | 5.45% | 4/5/25 |
| 15 Year Cash-out Refi | 5.45% | 4/5/25 |
| 15 Year VA Refi | 6.00% | 4/5/25 |
| 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. | ||
Andrews 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 Andrews 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
327Origination Dollar Volume (All Markets)
$87,335,000Awards
ANDREWS FEDERAL CREDIT UNION - 2024
ANDREWS FEDERAL CREDIT UNION is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
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Relative Rate
Andrews Federal Credit Union's average 30 year fixed mortgage rate was
6.14%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of -0.41%.
Relative Fees (Closing Costs)
Andrews Federal Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,578.
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 $8,356.
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 |
|---|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 130 | $32,060,000 | $246,615 | $2,857 | 7.34% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 29 | $5,875,000 | $202,586 | $3,361 | 7.26% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 13 | $5,285,000 | $406,538 | $4,841 | 6.74% |
| Heber, UT (FHA|USDA|VA) | 2 | $2,740,000 | $1,370,000 | $19,773 | 7.31% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 12 | $2,570,000 | $214,167 | $2,880 | 6.94% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 8 | $2,500,000 | $312,500 | $4,126 | 7.82% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 5 | $2,375,000 | $475,000 | $4,212 | 6.55% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 5 | $1,865,000 | $373,000 | $7,817 | 5.98% |
| Outside of Metro Areas | 5 | $1,545,000 | $309,000 | $4,658 | 6.05% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 5 | $1,525,000 | $305,000 | $5,233 | 6.30% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $1,145,000 | $381,667 | $5,881 | 6.38% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $1,125,000 | $1,125,000 | $7,274 | 6.88% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 2 | $1,080,000 | $540,000 | $4,878 | 9.06% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 4 | $960,000 | $240,000 | $2,667 | 8.18% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 2 | $900,000 | $450,000 | $5,041 | 5.25% |
| PITTSBURGH, PA (FHA|USDA|VA) | 4 | $790,000 | $197,500 | $4,614 | 7.15% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $3,194 | 7.70% |
| READING, PA (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $4,941 | 7.43% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $5,532 | 5.94% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 4 | $630,000 | $157,500 | $2,023 | 7.56% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $3,202 | 7.12% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $9,907 | 6.50% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $3,842 | 7.87% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $5,366 | 6.38% |
| AKRON, OH (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $3,840 | 6.75% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $4,101 | 6.56% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $4,350 | 6.75% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $5,588 | 6.00% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $4,203 | 5.31% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $6,106 | 6.25% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $6,823 | 6.13% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $4,110 | 7.43% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $4,079 | 6.25% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $3,908 | 4.88% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $2,814 | 7.06% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $5,069 | 6.25% |
| RENO, NV (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $5,110 | 6.25% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $5,603 | 5.63% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $4,477 | 6.75% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $2,829 | 6.56% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $2,073 | 8.99% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,508 | 6.38% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $5,890 | 5.88% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $2,879 | 7.06% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,710 | 6.25% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,195 | 5.63% |
| OCALA, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $6,443 | 5.38% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $2,846 | 6.56% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,751 | 5.63% |
| Elko, NV (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,425 | 5.38% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,526 | 6.13% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,305 | 5.63% |
| KINGSTON, NY (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $5,683 | 5.63% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $2,405 | 7.56% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,676 | 5.50% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,092 | 6.38% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $10,798 | 5.38% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,470 | 7.13% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $7,723 | 5.38% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $3,515 | 5.38% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,605 | 6.88% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,146 | 8.99% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,304 | 5.75% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $1,394 | 7.99% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,746 | 6.63% |
| MADISON, WI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,405 | 5.88% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,711 | 5.63% |
| WICHITA, KS (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $1,784 | 8.99% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,608 | 6.13% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,751 | 6.25% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,189 | 6.13% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $1,483 | 8.49% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $1,617 | 9.49% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,017 | 8.99% |
| SYRACUSE, NY (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,249 | 6.13% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $1,755 | 9.49% |
| Bradford, PA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,289 | 6.00% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,089 | 7.99% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,066 | 7.99% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,700 | 5.99% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $1,778 | 5.99% |
| Galesburg, IL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,892 | 6.00% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,827 | 10.49% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $1,064 | 7.99% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $1,097 | 8.99% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,089 | 6.49% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $897 | 7.49% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $1,114 | 8.99% |
| LAFAYETTE, LA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,460 | 7.99% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $683 | 6.99% |
| Wooster, OH (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $682 | 7.99% |
Similar Lenders
We use machine learning to identify the top lenders compared against ANDREWS 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 | 327 | $87,335,000 | $267,080 | $3,595 | 7.10% |
For 2024, Andrews Federal Credit Union's most frequently originated type of loan was Conventional, with 327 originations.
Loan Reason
For 2024, Andrews Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 170 originations. The 2nd most popular reason was Home Purchase, with 135 originations.
Loan Duration/Length
For 2024, Andrews Federal Credit Union's most frequently cited loan duration was 30 Year, with 150 originations. The 2nd most popular length was 15 Year, with 127 originations.
Origination Fees/Closing Costs
Andrews Federal Credit Union's average total fees were $5,578, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 151 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 97 | $38,555,000 | $397,474 |
| 5-6% | 92 | $30,510,000 | $331,630 |
| Over 8% | 67 | $8,645,000 | $129,030 |
| 7-8% | 63 | $7,535,000 | $119,603 |
| 4-5% | 8 | $2,090,000 | $261,250 |
During 2024, Andrews Federal Credit Union's average interest rate for loans was 6.14%, while their most frequently originated rate bucket for loans was 6-7%, with 97 originations.
Loan Sizing
2024 saw Andrews Federal Credit Union place emphasis on $200k-400k loans with 110 originations, totaling $32,080,000 in origination value.
Applicant Income
Andrews Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 111 originations. The second most popular income band? $100k-150k, with 110 originations.
Applicant Debt to Income Ratio
Andrews Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 68 originations. The next most common DTI ratio? 30-36%, with 58 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.30%
Andrews Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination11.93%
Andrews 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 | 327 | $87,335,000 | $267,080 |