Achieva Credit Union Mortgage Rates, Fees & Info

Dunedin, FL

LEI: 549300GFM3T3SN2KS138

Tax ID: 59-0729366

5 stars - out of 5 stars, based on 43 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Achieva Credit Union is a smaller credit union specializing in Home Improvement and Refi loans. Achieva Credit Union has a high proportion of conventional loans. Their top markets include Tampa, North Port, Punta Gorda, Cape Coral, and Naples among others. Achieva Credit Union has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Achieva Credit Union is typically an average fee lendor.


Originations

1,863

Origination Dollar Volume (All Markets)

$251,825,000

Awards

ACHIEVA CREDIT UNION 30 Year Conventional Loans silver ACHIEVA CREDIT UNION 30 Year Conventional Loans silver
Show all (2) awards

Relative Rate

Achieva Credit Union's average 30 year fixed rate mortgage of loans were 3.2%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.05%.

Relative Fees

Achieva Credit Union's average total fees for a 30 year fixed rate mortgage are $4,033.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 995 $127,645,000 $128,286 $3,576 3.24%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 548 $74,120,000 $135,255 $3,611 3.19%
PUNTA GORDA, FL (FHA|USDA|VA) 143 $26,495,000 $185,280 $5,426 3.27%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 133 $16,425,000 $123,496 $4,077 3.34%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 12 $1,960,000 $163,333 $4,040 3.43%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 5 $1,245,000 $249,000 $5,234 3.00%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 3 $615,000 $205,000 $4,649 3.42%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $550,000 $275,000 $0 3.50%
Key West, FL (FHA|USDA|VA) 1 $545,000 $545,000 $6,485 2.88%
THE VILLAGES, FL (FHA|USDA|VA) 1 $365,000 $365,000 $4,805 3.50%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 5 $315,000 $63,000 $0 3.35%
OCALA, FL (FHA|USDA|VA) 3 $285,000 $95,000 $3,236 3.12%
Clewiston, FL (FHA|USDA|VA) 1 $225,000 $225,000 $5,579 2.88%
TALLAHASSEE, FL (FHA|USDA|VA) 3 $215,000 $71,667 $3,148 2.83%
GAINESVILLE, FL (FHA|USDA|VA) 1 $175,000 $175,000 $4,283 3.13%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 2 $170,000 $85,000 $0 2.99%
Wauchula, FL (FHA|USDA|VA) 1 $155,000 $155,000 $2,988 2.75%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $135,000 $135,000 $3,231 2.88%
Arcadia, FL (FHA|USDA|VA) 1 $105,000 $105,000 $3,218 3.38%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 2 $80,000 $40,000 $0 3.12%

Achieva Credit Union's top markets include Tampa, North Port, Punta Gorda, Cape Coral, and Naples among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,861 $251,265,000 $135,016 $3,804 3.23%
VA 2 $560,000 $280,000 $4,072 2.63%

For the 2021 period, Achieva Credit Union's most frequently originated loan type of loans were Conventional, with 1,861 originations. Their 2nd most popular type is VA, with 2 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Improvement 896 $76,290,000 $85,145 $3,273 3.27%
Other 431 $35,015,000 $81,241 $0 3.41%
Refi 238 $58,090,000 $244,076 $3,860 2.87%
Cash Out Refi 153 $32,175,000 $210,294 $3,308 3.11%
Home Purchase 145 $50,255,000 $346,586 $4,614 3.18%

For the 2021, Achieva Credit Union's most frequently cited loan purpose of loans were Home Improvement, with 896 originations. The 2nd most popular reason of loans were Other, with 431 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
10 Year 1,252 $95,750,000 $76,478 $2,884 3.31%
30 Year 420 $115,680,000 $275,429 $4,033 3.20%
15 Year 152 $32,820,000 $215,921 $3,404 2.70%
20 Year 32 $7,050,000 $220,313 $3,770 3.16%
5 Year 4 $200,000 $50,000 $659 3.81%
Other 2 $250,000 $125,000 $3,205 3.12%
3 Year 1 $75,000 $75,000 $0 3.75%

For the 2021, Achieva Credit Union's most frequently cited loan length of loans were 10 Year, with 1,252 originations. The 2nd most popular length of loans were 30 Year, with 420 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 566 $126,330,000 $223,198
$2k-3k 33 $15,335,000 $464,697
$<1k 25 $3,235,000 $129,400
$3k-4k 5 $2,725,000 $545,000
$5k+ 5 $1,965,000 $393,000

$4,033 of loans were Achieva Credit Union's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 566 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 1,063 $119,025,000 $111,971
3-4% 630 $97,550,000 $154,841
<2.5% 91 $19,285,000 $211,923
4-5% 41 $14,105,000 $344,024
7-8% 24 $1,240,000 $51,667
5-6% 14 $620,000 $44,286

During 2021, Achieva Credit Union's average interest rate of loans were 3.20%, while their most frequently originated rate bucket of loans were 2.5-3%, with 1,063 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100,000 or less 1,147 $69,045,000 $60,196 $2,530 3.33%
$100k-200k 342 $48,970,000 $143,187 $3,138 3.05%
$200k-400k 295 $80,005,000 $271,203 $4,051 3.12%
$400k-600k 59 $28,105,000 $476,356 $5,886 3.07%
$600k-1MM 15 $10,825,000 $721,667 $8,118 3.05%
$1MM+ 5 $14,875,000 $2,975,000 $10,679 3.32%

2021 saw Achieva Credit Union place emphasis on $100,000 or less loans with 1,147 originations, totaling $69,045,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 480 $48,040,000 $100,083 $3,322 3.26%
$100k-150k 435 $60,735,000 $139,621 $3,903 3.22%
$75k-100k 368 $44,630,000 $121,277 $3,735 3.26%
$50k or less 270 $20,470,000 $75,815 $3,023 3.21%
$150k-250k 215 $40,775,000 $189,651 $4,984 3.20%
$250k+ 84 $25,810,000 $307,262 $5,662 3.20%

Achieva Credit Union lent most frequently to those with incomes in the $50k-75k range, with 480 originations. The second most popular income band? $100k-150k, with 435 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 497 $61,295,000 $123,330 $3,721 3.23%
30-36% 344 $48,750,000 $141,715 $3,922 3.20%
<20% 215 $23,745,000 $110,442 $3,404 3.11%
50-60% 97 $7,885,000 $81,289 $6,621 3.43%
39% 77 $9,635,000 $125,130 $3,774 3.23%
38% 74 $11,720,000 $158,378 $4,086 3.35%
42% 66 $10,200,000 $154,545 $3,767 3.22%
40% 66 $10,490,000 $158,939 $3,975 3.36%
36% 60 $9,810,000 $163,500 $3,942 3.24%
41% 59 $9,555,000 $161,949 $3,888 3.27%
43% 57 $9,985,000 $175,175 $3,709 3.17%
37% 54 $9,260,000 $171,481 $4,156 3.12%
44% 51 $6,775,000 $132,843 $3,550 3.15%
46% 35 $2,745,000 $78,429 $3,168 3.39%
49% 30 $2,360,000 $78,667 $4,189 3.36%
45% 27 $2,905,000 $107,593 $4,298 3.38%
47% 24 $2,240,000 $93,333 $3,461 3.42%
48% 15 $1,205,000 $80,333 $2,657 3.14%
>60% 13 $805,000 $61,923 $0 3.11%

Achieva Credit Union lent most frequently to those with DTI ratios of 20-30%, with 497 originations. The next most common DTI ratio? 30-36%, with 344 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 1,562 $196,000,000 $125,480 $3,809 3.23%
Not provided 197 $31,885,000 $161,853 $3,796 3.15%
Not applicable 2 $10,460,000 $5,230,000 $0 4.50%
Black 61 $6,605,000 $108,279 $3,467 3.36%
Asian 20 $4,500,000 $225,000 $4,289 3.36%
American Indian 9 $1,005,000 $111,667 $4,995 3.66%
Vietnamese 1 $355,000 $355,000 $0 3.75%
Other Pacific Islander 1 $305,000 $305,000 $0 2.99%
Native Hawaiian 4 $230,000 $57,500 $0 2.99%
Filipino 2 $170,000 $85,000 $0 2.99%
Asian Indian 2 $170,000 $85,000 $684 3.50%
Chinese 1 $85,000 $85,000 $0 2.99%
Other Asian 1 $55,000 $55,000 $0 2.99%

Approval Rates

Total approvals of all applications
82.13%

Achieva Credit Union has a below average approval rate.

Pick Rate

Approvals leading to origination
79.32%

Achieva Credit Union has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
0.0 1,223 $91,595,000 $74,894
NA 640 $160,230,000 $250,359

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,863 $251,825,000 $135,172

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 515 $50,935,000 $98,903 $3,007 3.15%
40-60% 307 $51,235,000 $166,889 $3,469 3.03%
60-80% 290 $85,910,000 $296,241 $4,229 3.17%
80-100% 105 $29,435,000 $280,333 $4,639 3.24%
Under 20% 646 $34,310,000 $53,111 $1,702 3.43%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
ACOPIA CAPITAL GROUP Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 25.0%
ACOPIA CAPITAL GROUP Conventional home mortgage Trouble during payment process 1 25.0%
ACOPIA CAPITAL GROUP FHA mortgage Closing on a mortgage 1 25.0%
ACOPIA CAPITAL GROUP Other type of mortgage Struggling to pay mortgage 1 25.0%