Achieva Credit Union Mortgage Rates, Fees & Info
Dunedin, FLLEI: 549300GFM3T3SN2KS138
Tax ID: 59-0729366
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Mortgage Data
Review & Overview
Achieva Credit Union is a smaller credit union specializing in Home Improvement and Home Purchase loans. Achieva Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Tampa, North Port, Cape Coral, Punta Gorda, and Lakeland among others. We have data for 7 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.66% | 11/21/24 |
| 30 Year Conventional Refi | 6.68% | 11/21/24 |
| 30 Year Cash-out Refi | 6.76% | 11/21/24 |
| 30 Year FHA Purchase | 6.27% | 11/21/24 |
| 30 Year VA Refi | 6.27% | 11/21/24 |
| 15 Year Conventional Purchase | 5.90% | 11/21/24 |
| 15 Year Conventional Refi | 5.85% | 11/21/24 |
| 15 Year Cash-out Refi | 5.85% | 11/21/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
141Origination Dollar Volume (All Markets)
$11,575,000Top 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) | 85 | $5,325,000 | $62,647 | $3,160 | 5.43% |
| Outside of Metro Areas | 21 | $3,805,000 | $181,190 | $0 | 5.62% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 26 | $1,670,000 | $64,231 | $3,141 | 5.49% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $265,000 | $88,333 | $0 | 5.83% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 4 | $230,000 | $57,500 | $0 | 6.03% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $8,430 | 4.75% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 4.75% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 119 | $6,895,000 | $57,941 | n/a | 5.55% |
| Conventional | 22 | $4,680,000 | $212,727 | $3,531 | 5.15% |
For 2018, Achieva Credit Union's most frequently originated type of loan was HELOC, with 119 originations. Their 2nd most popular type was Conventional, with 22 originations.
Loan Reason
For 2018, Achieva Credit Union's most frequently cited loan purpose was Home Improvement, with 72 originations. The 2nd most popular reason was Other, with 42 originations.
Loan Duration/Length
For 2018, Achieva Credit Union's most frequently cited loan duration was 15 Year, with 121 originations. The 2nd most popular length was 30 Year, with 16 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 13 | $1,625,000 | $125,000 |
Achieva Credit Union's average total fees were $3,586, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 13 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 104 | $6,730,000 | $64,712 |
| 4-5% | 19 | $3,815,000 | $200,789 |
| 6-7% | 9 | $525,000 | $58,333 |
| 7-8% | 7 | $265,000 | $37,857 |
| Over 8% | 2 | $240,000 | $120,000 |
During 2018, Achieva Credit Union's average interest rate for loans was 4.97%, while their most frequently originated rate bucket for loans was 5-6%, with 104 originations.
Loan Sizing
2018 saw Achieva Credit Union place emphasis on $100,000 or less loans with 119 originations, totaling $6,175,000 in origination value.
Applicant Income
Achieva Credit Union lent most frequently to those with incomes in the $50k-75k range, with 35 originations. The second most popular income band? $75k-100k, with 33 originations.
Applicant Debt to Income Ratio
Achieva Credit Union lent most frequently to those with DTI ratios of <20%, with 67 originations. The next most common DTI ratio? 20-30%, with 18 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.39%
Achieva Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination77.30%
Achieva Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 141 | $11,575,000 | $82,092 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 1 | $145,000 | $145,000 |
| Single Family (1-4 Units):Site-Built | 140 | $11,430,000 | $81,643 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| ACOPIA CAPITAL GROUP | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 33.3% |
| ACOPIA CAPITAL GROUP | Conventional home mortgage | Closing on a mortgage | 1 | 33.3% |
| ACOPIA CAPITAL GROUP | FHA mortgage | Struggling to pay mortgage | 1 | 33.3% |