Achieva Credit Union Mortgage Rates, Fees & Info

Dunedin, FL

LEI: 549300GFM3T3SN2KS138

Tax ID: 59-0729366

5 stars - Updated: 11/17/24 - out of 5 stars, based on 34 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Achieva Credit Union is a smaller credit union specializing in Home Improvement, Other, and Home Purchase loans. Achieva Credit Union has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Tampa, North Port, Punta Gorda, Cape Coral, and Naples among others. We have data for 21 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Achieva Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Achieva Credit Union is typically an average 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 relatively high 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.66% 11/17/24
    30 Year Conventional Refi 6.68% 11/17/24
    30 Year Cash-out Refi 6.76% 11/17/24
    30 Year FHA Purchase 6.27% 11/17/24
    30 Year VA Refi 6.27% 11/17/24
    15 Year Conventional Purchase 5.90% 11/17/24
    15 Year Conventional Refi 5.85% 11/17/24
    15 Year Cash-out Refi 5.85% 11/17/24
    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.

    Achieva Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Achieva 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

    1,175

    Origination Dollar Volume (All Markets)

    $148,905,000
    Show all (6) awards

    Relative Rate

    Achieva Credit Union's average 30 year fixed mortgage rate was 5.98%.

    The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

    This yields a difference of -0.5%.

    Relative Fees (Closing Costs)

    Achieva Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $4,840.

    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 $9,089.

    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
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 720 $83,480,000 $115,944 $2,547 6.62%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 298 $36,260,000 $121,678 $2,420 6.52%
    PUNTA GORDA, FL (FHA|USDA|VA) 59 $14,785,000 $250,593 $4,996 6.30%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 61 $8,875,000 $145,492 $3,539 6.46%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 9 $1,725,000 $191,667 $2,778 6.04%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 6 $530,000 $88,333 $4,438 8.71%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 4 $520,000 $130,000 $4,197 6.62%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $415,000 $415,000 $5,210 6.00%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 4 $380,000 $95,000 $5,722 6.25%
    Hutchinson, MN (FHA|USDA|VA) 1 $365,000 $365,000 $3,604 6.38%
    OCALA, FL (FHA|USDA|VA) 1 $355,000 $355,000 $3,386 6.63%
    Outside of Metro Areas 2 $340,000 $170,000 $3,522 6.50%
    TALLAHASSEE, FL (FHA|USDA|VA) 1 $185,000 $185,000 $4,014 8.13%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $135,000 $135,000 $1,868 7.00%
    Crossville, TN (FHA|USDA|VA) 1 $115,000 $115,000 $3,199 6.88%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $95,000 $95,000 $0 5.99%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $85,000 $85,000 $0 8.75%
    GAINESVILLE, FL (FHA|USDA|VA) 1 $85,000 $85,000 $1,977 5.50%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $85,000 $85,000 $3,543 6.63%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.99%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $35,000 $35,000 $0 7.50%
    Achieva Credit Union's top markets include Tampa, North Port, Punta Gorda, Cape Coral, and Naples among others.

    Their top states include:
  • Florida (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against ACHIEVA CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    THE MORTGAGE WAREHOUSE,LLC
    Similarity Rank: 825
    NEAL COMMUNITIES FUNDING, LLC
    Similarity Rank: 844
    Brannen Bank
    Similarity Rank: 858
    Grow Financial Federal Credit Union
    Similarity Rank: 950
    READY MORTGAGE LENDERS, LLC
    Similarity Rank: 1014
    Busey Bank
    Similarity Rank: 1026
    PARK SQUARE HOME MORTGAGE, LLC
    Similarity Rank: 1270
    ACHIEVA CREDIT UNION
    Similarity Rank: 1281
    TrustCo Bank
    Similarity Rank: 1428
    Suncoast Credit Union
    Similarity Rank: 1482

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 769 $66,585,000 $86,586 n/a 6.78%
    Conventional 405 $82,025,000 $202,531 $2,798 6.18%
    FHA 1 $295,000 $295,000 $9,875 6.13%

    For 2023, Achieva Credit Union's most frequently originated type of loan was HELOC, with 769 originations. Their 2nd most popular type was Conventional, with 405 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 532 $44,430,000 $83,515 $1,045 6.42%
    Other 393 $34,965,000 $88,969 $987 7.09%
    Home Purchase 150 $52,100,000 $347,333 $4,916 6.02%
    Cash Out Refi 80 $12,290,000 $153,625 $2,074 6.25%
    Refi 20 $5,120,000 $256,000 $3,956 5.85%

    For 2023, Achieva Credit Union's most frequently cited loan purpose was Home Improvement, with 532 originations. The 2nd most popular reason was Other, with 393 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 809 $69,425,000 $85,816 $913 6.74%
    15 Year 201 $26,345,000 $131,070 $1,716 6.44%
    30 Year 154 $51,910,000 $337,078 $4,840 5.98%
    5 Year 8 $270,000 $33,750 $561 5.03%
    20 Year 2 $910,000 $455,000 $5,430 5.94%
    Other 1 $45,000 $45,000 $0 9.50%

    For 2023, Achieva Credit Union's most frequently cited loan duration was 10 Year, with 809 originations. The 2nd most popular length was 15 Year, with 201 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 203 $15,775,000 $77,709
    $1k-2k 189 $59,425,000 $314,418
    $2k-3k 11 $6,055,000 $550,455
    $3k-4k 2 $840,000 $420,000
    $5k+ 1 $225,000 $225,000

    Achieva Credit Union's average total fees were $4,840, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 203 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 414 $37,680,000 $91,014
    Over 8% 287 $25,355,000 $88,345
    5-6% 196 $43,670,000 $222,806
    6-7% 156 $29,890,000 $191,603
    7-8% 121 $10,625,000 $87,810
    3-4% 1 $1,685,000 $1,685,000

    During 2023, Achieva Credit Union's average interest rate for loans was 5.98%, while their most frequently originated rate bucket for loans was 4-5%, with 414 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 742 $42,190,000 $56,860 $908 6.69%
    $100k-200k 235 $31,195,000 $132,745 $2,581 6.62%
    $200k-400k 131 $36,365,000 $277,595 $4,339 6.23%
    $400k-600k 45 $21,635,000 $480,778 $5,891 5.68%
    $600k-1MM 21 $15,835,000 $754,048 $7,527 6.05%
    $1MM+ 1 $1,685,000 $1,685,000 $6,205 3.75%

    2023 saw Achieva Credit Union place emphasis on $100,000 or less loans with 742 originations, totaling $42,190,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 308 $37,200,000 $120,779 $2,632 6.57%
    $150k-250k 236 $41,900,000 $177,542 $3,349 6.62%
    $50k-75k 235 $19,245,000 $81,894 $2,254 6.44%
    $75k-100k 233 $19,855,000 $85,215 $1,967 6.83%
    $50k or less 97 $5,505,000 $56,753 $2,377 6.34%
    $250k+ 66 $25,200,000 $381,818 $5,643 6.36%

    Achieva Credit Union lent most frequently to those with incomes in the $100k-150k range, with 308 originations. The second most popular income band? $150k-250k, with 236 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 200 $27,400,000 $137,000 $3,066 6.36%
    20-30% 191 $26,285,000 $137,618 $3,172 6.31%
    41% 72 $10,620,000 $147,500 $2,677 6.61%
    40% 66 $8,390,000 $127,121 $2,447 6.97%
    44% 66 $7,700,000 $116,667 $2,543 6.68%
    43% 64 $8,520,000 $133,125 $2,540 6.76%
    <20% 63 $6,985,000 $110,873 $2,581 6.25%
    39% 58 $7,290,000 $125,690 $2,705 6.47%
    42% 57 $7,675,000 $134,649 $2,058 6.65%
    37% 56 $7,940,000 $141,786 $2,659 6.42%
    38% 54 $5,990,000 $110,926 $2,338 6.77%
    45% 45 $4,955,000 $110,111 $2,609 6.81%
    46% 42 $3,520,000 $83,810 $3,842 7.11%
    36% 40 $4,580,000 $114,500 $2,489 6.64%
    50-60% 31 $3,125,000 $100,806 $9,875 6.91%
    47% 27 $3,695,000 $136,852 $5,511 6.68%
    48% 23 $2,325,000 $101,087 $2,220 6.47%
    49% 17 $1,595,000 $93,824 $4,790 7.41%
    >60% 3 $315,000 $105,000 $0 8.37%

    Achieva Credit Union lent most frequently to those with DTI ratios of 30-36%, with 200 originations. The next most common DTI ratio? 20-30%, with 191 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 954 $119,940,000 $125,723 $2,769 6.55%
    Not provided 154 $22,530,000 $146,299 $2,950 6.51%
    Black 35 $2,545,000 $72,714 $2,034 7.44%
    Asian 14 $2,120,000 $151,429 $3,958 5.94%
    Other Asian 7 $615,000 $87,857 $9,040 6.48%
    American Indian 7 $565,000 $80,714 $2,533 7.48%
    Asian Indian 1 $455,000 $455,000 $5,117 5.75%
    Vietnamese 2 $80,000 $40,000 $0 9.13%
    Other Pacific Islander 1 $55,000 $55,000 $0 4.99%

    Approval Rates

    Total approvals of all applications
    71.40%

    Achieva Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    83.91%

    Achieva Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 653 $56,665,000 $86,776
    NA 522 $92,240,000 $176,705

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,175 $148,905,000 $126,728

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 337 $39,005,000 $115,742 $2,113 6.56%
    40-60% 84 $17,910,000 $213,214 $3,788 6.28%
    60-80% 82 $29,450,000 $359,146 $5,079 6.15%
    80-100% 69 $26,415,000 $382,826 $5,089 5.94%
    Under 20% 603 $36,125,000 $59,909 $851 6.75%