Achieva Credit Union Mortgage Rates, Fees & Info

Dunedin, FL

LEI: 549300GFM3T3SN2KS138

Tax ID: 59-0729366

5 stars - out of 5 stars, based on 41 reviews

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

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Mortgage Data

  • SimulatedRates™
  • 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 loans. Achieva Credit Union has a high proportion of conventional loans. 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 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.

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

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.66% 3/28/23
    30 Year Conventional Refi 6.68% 3/28/23
    30 Year Cash-out Refi 6.76% 3/28/23
    30 Year FHA Purchase 6.27% 3/28/23
    30 Year VA Refi 6.27% 3/28/23
    15 Year Conventional Purchase 5.90% 3/28/23
    15 Year Conventional Refi 5.85% 3/28/23
    15 Year Cash-out Refi 5.85% 3/28/23
    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.


    Originations

    1,719

    Origination Dollar Volume (All Markets)

    $210,175,000

    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 mortgage rate was 4.43%.

    The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

    This yields a difference of -0.33%.

    Relative Fees (Closing Costs)

    Achieva Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $4,591.

    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 $4,750.

    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) 955 $103,315,000 $108,183 $2,913 4.54%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 474 $56,510,000 $119,219 $3,065 4.36%
    PUNTA GORDA, FL (FHA|USDA|VA) 108 $22,800,000 $211,111 $5,037 4.19%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 125 $16,845,000 $134,760 $3,618 4.22%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 10 $2,560,000 $256,000 $4,058 3.96%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 8 $1,730,000 $216,250 $4,982 5.03%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 11 $1,455,000 $132,273 $4,366 5.45%
    Arcadia, FL (FHA|USDA|VA) 3 $735,000 $245,000 $5,423 4.21%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $705,000 $705,000 $7,245 5.13%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 3 $615,000 $205,000 $4,154 5.54%
    JACKSONVILLE, FL (FHA|USDA|VA) 3 $595,000 $198,333 $4,768 3.41%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 7 $565,000 $80,714 $3,614 4.52%
    Outside of Metro Areas 2 $380,000 $190,000 $5,214 3.88%
    GAINESVILLE, FL (FHA|USDA|VA) 2 $320,000 $160,000 $4,421 5.25%
    TALLAHASSEE, FL (FHA|USDA|VA) 1 $295,000 $295,000 $4,460 3.38%
    Lake City, FL (FHA|USDA|VA) 1 $185,000 $185,000 $3,164 4.75%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $185,000 $185,000 $9,556 6.63%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $105,000 $105,000 $1,274 5.00%
    Clewiston, FL (FHA|USDA|VA) 1 $95,000 $95,000 $0 2.99%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $95,000 $95,000 $0 3.50%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $85,000 $85,000 $0 3.75%
    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)

    • 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.

    ALL WESTERN MORTGAGE, INC.
    Similarity Rank: 1274
    SAN ANTONIO CITIZENS
    Similarity Rank: 1280
    RAILROAD & INDUSTRIAL
    Similarity Rank: 1410
    BRIDGEVIEW MORTGAGE CORP.
    Similarity Rank: 1550
    NEAL COMMUNITIES FUNDING, LLC
    Similarity Rank: 1744
    Allied First Bank,sb
    Similarity Rank: 1848
    LOANFLIGHT LENDING, LLC
    Similarity Rank: 2028
    THE MORTGAGE WAREHOUSE,LLC
    Similarity Rank: 2478
    Auto Club Trust, FSB
    Similarity Rank: 3024
    Brannen Bank
    Similarity Rank: 3736

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 1,255 $105,475,000 $84,044 n/a 4.45%
    Conventional 464 $104,700,000 $225,647 $3,328 4.44%

    For 2022, Achieva Credit Union's most frequently originated type of loan was HELOC, with 1,255 originations. Their 2nd most popular type was Conventional, with 464 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 898 $80,000,000 $89,087 $1,951 4.40%
    Other 467 $41,085,000 $87,976 $0 4.61%
    Cash Out Refi 127 $20,605,000 $162,244 $2,320 4.62%
    Home Purchase 115 $36,245,000 $315,174 $4,805 4.71%
    Refi 112 $32,240,000 $287,857 $4,337 3.63%

    For 2022, Achieva Credit Union's most frequently cited loan purpose was Home Improvement, with 898 originations. The 2nd most popular reason was Other, with 467 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 1,281 $107,715,000 $84,087 $1,477 4.45%
    30 Year 240 $74,600,000 $310,833 $4,591 4.43%
    15 Year 194 $26,720,000 $137,732 $2,016 4.45%
    5 Year 2 $110,000 $55,000 $1,175 5.13%
    20 Year 1 $325,000 $325,000 $3,770 3.00%
    Other 1 $705,000 $705,000 $0 6.00%

    For 2022, Achieva Credit Union's most frequently cited loan duration was 10 Year, with 1,281 originations. The 2nd most popular length was 30 Year, with 240 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 299 $76,265,000 $255,067
    $<1k 130 $9,900,000 $76,154
    $2k-3k 30 $16,210,000 $540,333
    $5k+ 1 $185,000 $185,000

    Achieva Credit Union's average total fees were $4,591, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 299 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 441 $45,975,000 $104,252
    3-4% 408 $56,390,000 $138,211
    5-6% 337 $43,575,000 $129,303
    4-5% 315 $44,565,000 $141,476
    6-7% 103 $10,295,000 $99,951
    7-8% 76 $5,370,000 $70,658
    Over 8% 25 $1,155,000 $46,200
    <2.5% 14 $2,850,000 $203,571

    During 2022, Achieva Credit Union's average interest rate for loans was 4.43%, while their most frequently originated rate bucket for loans was 2.5-3%, with 441 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,159 $72,075,000 $62,187 $1,138 4.50%
    $100k-200k 276 $37,870,000 $137,210 $3,003 4.45%
    $200k-400k 204 $55,750,000 $273,284 $4,194 4.22%
    $400k-600k 57 $26,985,000 $473,421 $5,629 4.21%
    $600k-1MM 21 $15,045,000 $716,429 $7,752 4.26%
    $1MM+ 2 $2,450,000 $1,225,000 $12,472 4.19%

    2022 saw Achieva Credit Union place emphasis on $100,000 or less loans with 1,159 originations, totaling $72,075,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 464 $55,500,000 $119,612 $3,258 4.39%
    $50k-75k 370 $32,890,000 $88,892 $2,963 4.57%
    $75k-100k 351 $34,445,000 $98,134 $2,768 4.50%
    $150k-250k 292 $51,090,000 $174,966 $3,903 4.41%
    $50k or less 156 $9,980,000 $63,974 $2,460 4.41%
    $250k+ 82 $24,130,000 $294,268 $7,071 4.14%

    Achieva Credit Union lent most frequently to those with incomes in the $100k-150k range, with 464 originations. The second most popular income band? $50k-75k, with 370 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 347 $44,995,000 $129,669 $3,585 4.53%
    20-30% 341 $40,165,000 $117,786 $3,452 4.25%
    <20% 147 $16,125,000 $109,694 $3,851 3.95%
    50-60% 105 $8,955,000 $85,286 $0 4.74%
    38% 76 $10,570,000 $139,079 $2,983 4.44%
    41% 74 $10,150,000 $137,162 $2,963 4.66%
    40% 71 $9,235,000 $130,070 $3,277 4.66%
    44% 68 $6,450,000 $94,853 $1,804 4.39%
    42% 66 $9,660,000 $146,364 $3,742 4.82%
    37% 66 $8,160,000 $123,636 $3,309 4.61%
    43% 64 $8,690,000 $135,781 $2,887 4.51%
    39% 59 $9,515,000 $161,271 $4,202 4.23%
    36% 59 $7,965,000 $135,000 $2,885 4.70%
    45% 39 $4,855,000 $124,487 $3,648 4.59%
    48% 36 $3,460,000 $96,111 $3,416 4.44%
    47% 32 $2,930,000 $91,563 $2,823 4.68%
    49% 28 $2,240,000 $80,000 $2,822 4.39%
    46% 28 $3,380,000 $120,714 $4,589 4.52%
    >60% 9 $535,000 $59,444 $0 3.44%

    Achieva Credit Union lent most frequently to those with DTI ratios of 30-36%, with 347 originations. The next most common DTI ratio? 20-30%, with 341 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,405 $170,805,000 $121,569 $3,344 4.43%
    Not provided 205 $27,665,000 $134,951 $3,401 4.27%
    Black 65 $5,135,000 $79,000 $2,453 5.30%
    Asian 17 $2,315,000 $136,176 $3,590 4.23%
    Not applicable 4 $2,140,000 $535,000 $0 5.50%
    Other Pacific Islander 6 $460,000 $76,667 $0 4.83%
    Other Asian 6 $450,000 $75,000 $0 4.04%
    Filipino 3 $445,000 $148,333 $0 6.08%
    American Indian 5 $425,000 $85,000 $1,951 4.10%
    Chinese 1 $145,000 $145,000 $0 7.25%
    Korean 1 $125,000 $125,000 $0 5.00%
    Asian Indian 1 $65,000 $65,000 $0 4.25%

    Approval Rates

    Total approvals of all applications
    77.08%

    Achieva Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    86.62%

    Achieva Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 1,253 $105,405,000 $84,122
    NA 466 $104,770,000 $224,828

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,719 $210,175,000 $122,266

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 462 $53,580,000 $115,974 $2,719 4.46%
    40-60% 191 $39,095,000 $204,686 $4,129 3.99%
    60-80% 112 $33,780,000 $301,607 $4,657 4.15%
    80-100% 73 $28,445,000 $389,658 $5,389 4.62%
    Under 20% 881 $55,275,000 $62,741 $942 4.56%