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 Cash Out Refi and Refi loans. Andrews Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Washington, Baltimore, Philadelphia, Miami, and Chicago among others. We have data for 61 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
263Origination Dollar Volume (All Markets)
$62,135,000Awards
ANDREWS FEDERAL CREDIT UNION - 2021
ANDREWS 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 |
|---|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 123 | $30,015,000 | $244,024 | $2,872 | 3.38% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 13 | $4,225,000 | $325,000 | $3,454 | 3.15% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 23 | $3,495,000 | $151,957 | $3,306 | 3.69% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 5 | $2,255,000 | $451,000 | $5,112 | 2.78% |
| Outside of Metro Areas | 8 | $1,360,000 | $170,000 | $3,013 | 3.17% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $1,230,000 | $615,000 | $3,130 | 3.75% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 5 | $1,055,000 | $211,000 | $2,236 | 4.80% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 4 | $860,000 | $215,000 | $3,512 | 3.09% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $845,000 | $845,000 | $4,295 | 3.25% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $795,000 | $795,000 | $12,831 | 3.13% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $4,054 | 2.31% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 3 | $755,000 | $251,667 | $3,343 | 2.54% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $3,362 | 4.09% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $2,758 | 3.37% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $3,150 | 2.94% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $4,021 | 4.29% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $3,472 | 2.81% |
| RICHMOND, VA (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $3,242 | 2.75% |
| COLUMBUS, OH (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $3,259 | 4.62% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $2,746 | 3.75% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $3,210 | 2.69% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $3,544 | 3.38% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $2,927 | 5.31% |
| AKRON, OH (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $2,533 | 3.71% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 3 | $385,000 | $128,333 | $1,711 | 2.50% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $3,538 | 2.50% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $3,463 | 3.38% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $3,743 | 3.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $2,750 | 2.88% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $5,399 | 2.88% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,537 | 2.88% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,365 | 3.50% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,507 | 2.63% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,387 | 2.88% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,140 | 4.38% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,087 | 2.38% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,946 | 2.25% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,196 | 2.25% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $2,642 | 5.81% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $4,577 | 2.25% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $3,159 | 2.38% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,976 | 2.88% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,711 | 3.13% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,934 | 2.38% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,384 | 2.88% |
| Lewisburg, PA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,288 | 3.25% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,647 | 2.75% |
| ANCHORAGE, AK (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,143 | 2.75% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,690 | 2.88% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,814 | 3.25% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,318 | 2.50% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $1,814 | 5.75% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,089 | 2.88% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,302 | 2.25% |
| Pierre, SD (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,073 | 3.25% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,842 | 2.75% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 5.99% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $1,178 | 4.49% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $589 | 5.00% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $1,012 | 5.99% |
| Lebanon, NH-VT (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $1,042 | 5.49% |
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 263 | $62,135,000 | $236,255 | $3,143 | 3.41% |
For 2021, Andrews Federal Credit Union's most frequently originated type of loan was Conventional, with 263 originations.
Loan Reason
For 2021, Andrews Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 130 originations. The 2nd most popular reason was Refi, with 104 originations.
Loan Duration/Length
For 2021, Andrews Federal Credit Union's most frequently cited loan duration was 30 Year, with 110 originations. The 2nd most popular length was 15 Year, with 88 originations.
Origination Fees/Closing Costs
Andrews Federal Credit Union's average total fees were $3,853, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 177 originations.
Interest Rates
During 2021, Andrews Federal Credit Union's average interest rate for loans was 3.12%, while their most frequently originated rate bucket for loans was <2.5%, with 76 originations.
Loan Sizing
2021 saw Andrews Federal Credit Union place emphasis on $200k-400k loans with 101 originations, totaling $28,685,000 in origination value.
Applicant Income
Andrews Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 90 originations. The second most popular income band? $150k-250k, with 63 originations.
Applicant Debt to Income Ratio
Andrews Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 64 originations. The next most common DTI ratio? 30-36%, with 54 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.44%
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 origination64.64%
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 | 263 | $62,135,000 | $236,255 |