Andrews Federal Credit Union Mortgage Rates, Fees & Info
Suitland, MDLEI: 549300D2OYT7VTDY6Z20
Tax ID: 53-0197903
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Mortgage Data
Review & Overview
Andrews Federal Credit Union is a smaller credit union specializing in Refi and Cash Out Refi loans. Andrews Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Washington, Philadelphia, Baltimore, Tampa, and Atlanta among others. We have data for 81 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 | 6.49% | 12/16/24 |
| 30 Year Conventional Refi | 6.40% | 12/16/24 |
| 30 Year Cash-out Refi | 6.59% | 12/16/24 |
| 30 Year FHA Purchase | 6.27% | 12/16/24 |
| 30 Year VA Purchase | 6.27% | 12/16/24 |
| 15 Year Conventional Purchase | 5.68% | 12/16/24 |
| 15 Year Conventional Refi | 5.94% | 12/16/24 |
| 15 Year Cash-out Refi | 5.94% | 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. | ||
Andrews 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
378Origination Dollar Volume (All Markets)
$112,670,000Top 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) | 145 | $47,155,000 | $325,207 | $3,445 | 3.30% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 48 | $9,830,000 | $204,792 | $3,926 | 3.20% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 20 | $5,160,000 | $258,000 | $3,343 | 3.03% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 6 | $4,460,000 | $743,333 | $5,674 | 2.92% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 13 | $4,365,000 | $335,769 | $3,967 | 3.01% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 10 | $3,050,000 | $305,000 | $3,883 | 3.59% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 9 | $2,265,000 | $251,667 | $4,615 | 3.32% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 6 | $2,130,000 | $355,000 | $3,407 | 3.19% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $1,990,000 | $995,000 | $8,424 | 3.13% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $1,885,000 | $1,885,000 | $3,748 | 3.50% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 5 | $1,505,000 | $301,000 | $3,873 | 2.90% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 2 | $1,450,000 | $725,000 | $4,201 | 3.13% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 7 | $1,365,000 | $195,000 | $3,251 | 3.55% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 3 | $1,325,000 | $441,667 | $5,208 | 3.08% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 5 | $1,245,000 | $249,000 | $3,600 | 2.88% |
| Outside of Metro Areas | 3 | $1,005,000 | $335,000 | $4,241 | 2.88% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 4 | $880,000 | $220,000 | $2,942 | 3.72% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 2 | $860,000 | $430,000 | $3,746 | 3.31% |
| COLUMBUS, OH (FHA|USDA|VA) | 4 | $810,000 | $202,500 | $3,431 | 3.09% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $3,942 | 2.96% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $4,491 | 3.31% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $4,398 | 3.29% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $5,889 | 3.25% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $4,903 | 2.88% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $4,410 | 2.69% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $3,195 | 4.13% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $3,794 | 2.94% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $3,151 | 3.79% |
| WILMINGTON, NC (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $3,612 | 3.06% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $3,645 | 2.75% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $3,349 | 2.50% |
| BEND, OR (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $5,750 | 2.13% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $5,597 | 2.88% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $5,239 | 2.38% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $3,015 | 4.69% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $3,487 | 4.88% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 4 | $490,000 | $122,500 | $1,772 | 5.31% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $3,569 | 2.75% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $3,212 | 3.63% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $3,422 | 3.13% |
| Mount Vernon, OH (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $3,995 | 3.00% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,220 | 2.38% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $3,821 | 3.88% |
| MISSOULA, MT (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,117 | 3.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,502 | 3.50% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,771 | 2.88% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,838 | 3.75% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,057 | 2.50% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,461 | 2.88% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,313 | 3.38% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,242 | 3.38% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,704 | 3.50% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $5,925 | 2.75% |
| Barre, VT (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,563 | 2.50% |
| DOVER, DE (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $5,905 | 3.00% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $2,244 | 4.50% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,880 | 2.88% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,002 | 2.50% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,006 | 3.38% |
| SPARTANBURG, SC (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $2,566 | 5.00% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,588 | 2.25% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,672 | 2.88% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,569 | 4.00% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,355 | 2.75% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,124 | 2.00% |
| BECKLEY, WV (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,509 | 2.38% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,654 | 2.38% |
| AKRON, OH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,100 | 3.13% |
| DALTON, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,297 | 2.50% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,694 | 3.25% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,174 | 2.88% |
| TULSA, OK (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,207 | 3.25% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,626 | 3.63% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $1,587 | 5.25% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,576 | 2.88% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,590 | 2.75% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $642 | 5.25% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $867 | 6.00% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $602 | 5.25% |
| JOHNSTOWN, PA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $912 | 5.25% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $582 | 6.00% |
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 378 | $112,670,000 | $298,069 | $3,656 | 3.30% |
For 2020, Andrews Federal Credit Union's most frequently originated type of loan was Conventional, with 378 originations.
Loan Reason
For 2020, Andrews Federal Credit Union's most frequently cited loan purpose was Refi, with 174 originations. The 2nd most popular reason was Cash Out Refi, with 148 originations.
Loan Duration/Length
For 2020, Andrews Federal Credit Union's most frequently cited loan duration was 30 Year, with 219 originations. The 2nd most popular length was 15 Year, with 116 originations.
Origination Fees/Closing Costs
Andrews Federal Credit Union's average total fees were $4,129, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 263 originations.
Interest Rates
During 2020, Andrews Federal Credit Union's average interest rate for loans was 3.17%, while their most frequently originated rate bucket for loans was 2.5-3%, with 132 originations.
Loan Sizing
2020 saw Andrews Federal Credit Union place emphasis on $200k-400k loans with 174 originations, totaling $51,050,000 in origination value.
Applicant Income
Andrews Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 105 originations. The second most popular income band? $150k-250k, with 98 originations.
Applicant Debt to Income Ratio
Andrews Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 92 originations. The next most common DTI ratio? 30-36%, with 68 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.69%
Andrews Federal Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination75.66%
Andrews Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 378 | $112,670,000 | $298,069 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 378 | $112,670,000 | $298,069 |