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 Home Purchase loans. Andrews Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Washington, Philadelphia, Sevierville, Heber, and Atlanta among others. We have data for 53 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
156Origination Dollar Volume (All Markets)
$26,830,000Awards
ANDREWS FEDERAL CREDIT UNION - 2022
ANDREWS FEDERAL CREDIT UNION is a 2022 , due to their low .
For 2022, 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) | 60 | $10,610,000 | $176,833 | $2,001 | 5.29% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 15 | $1,785,000 | $119,000 | $2,215 | 5.58% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $1,555,000 | $1,555,000 | $6,893 | 4.75% |
| Heber, UT (FHA|USDA|VA) | 1 | $985,000 | $985,000 | $5,742 | 4.50% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 6 | $940,000 | $156,667 | $1,918 | 5.74% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 5 | $935,000 | $187,000 | $2,232 | 4.97% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 5 | $765,000 | $153,000 | $2,578 | 4.62% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 5 | $755,000 | $151,000 | $2,331 | 5.81% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $3,906 | 3.75% |
| Outside of Metro Areas | 4 | $540,000 | $135,000 | $3,068 | 6.65% |
| CORVALLIS, OR (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $10,255 | 4.38% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $4,196 | 4.97% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $5,388 | 5.00% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $5,032 | 3.38% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $4,807 | 5.31% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $4,112 | 3.38% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $12,199 | 4.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 4 | $360,000 | $90,000 | $1,139 | 6.87% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 3 | $345,000 | $115,000 | $1,485 | 5.33% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,336 | 4.38% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,807 | 5.25% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $6,832 | 3.50% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,902 | 5.13% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $1,986 | 6.49% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,413 | 3.75% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $905 | 6.49% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $599 | 4.99% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,431 | 3.38% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $916 | 4.99% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $595 | 4.49% |
| Augusta-Waterville, ME (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,416 | 4.63% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,572 | 4.49% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,258 | 6.49% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,541 | 4.00% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $1,190 | 7.49% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $1,073 | 7.99% |
| Wapakoneta, OH (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $1,022 | 5.99% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,677 | 4.50% |
| Payson, AZ (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $1,231 | 4.99% |
| Forest City, NC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $941 | 4.99% |
| Carroll, IA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,086 | 3.00% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $720 | 4.99% |
| Shelby, NC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,357 | 4.99% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,438 | 6.99% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,643 | 7.99% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $580 | 4.99% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 7.49% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $2,037 | 4.99% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $1,406 | 4.49% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $907 | 6.49% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $1,141 | 4.49% |
| AKRON, OH (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $595 | 4.99% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $586 | 7.99% |
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 156 | $26,830,000 | $171,987 | $2,317 | 5.34% |
For 2022, Andrews Federal Credit Union's most frequently originated type of loan was Conventional, with 156 originations.
Loan Reason
For 2022, Andrews Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 122 originations. The 2nd most popular reason was Home Purchase, with 18 originations.
Loan Duration/Length
For 2022, Andrews Federal Credit Union's most frequently cited loan duration was 30 Year, with 50 originations. The 2nd most popular length was 15 Year, with 46 originations.
Origination Fees/Closing Costs
Andrews Federal Credit Union's average total fees were $4,232, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 94 originations.
Interest Rates
During 2022, Andrews Federal Credit Union's average interest rate for loans was 4.09%, while their most frequently originated rate bucket for loans was 4-5%, with 39 originations.
Loan Sizing
2022 saw Andrews Federal Credit Union place emphasis on $100,000 or less loans with 77 originations, totaling $4,625,000 in origination value.
Applicant Income
Andrews Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 43 originations. The second most popular income band? $100k-150k, with 42 originations.
Applicant Debt to Income Ratio
Andrews Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 24 originations. The next most common DTI ratio? 20-30%, with 22 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.02%
Andrews Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination47.44%
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 | 156 | $26,830,000 | $171,987 |