Achieva Credit Union Mortgage Rates, Fees & Info

Dunedin, FL

LEI: 549300GFM3T3SN2KS138

Tax ID: 59-0729366

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Mortgage Data

Review & Overview

Achieva Credit Union is a smaller credit union specializing in Home Purchase and Refi 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 Orlando among others. We have data for 16 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% 3/28/24
30 Year Conventional Refi 6.68% 3/28/24
30 Year Cash-out Refi 6.76% 3/28/24
30 Year FHA Purchase 6.27% 3/28/24
30 Year VA Refi 6.27% 3/28/24
15 Year Conventional Purchase 5.90% 3/28/24
15 Year Conventional Refi 5.85% 3/28/24
15 Year Cash-out Refi 5.85% 3/28/24
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

1,133

Origination Dollar Volume (All Markets)

$161,415,000

Awards

ACHIEVA CREDIT UNION 30 Year Conventional Loans bronze
Show all (1) awards

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) 616 $79,690,000 $129,367 $4,055 5.10%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 289 $37,605,000 $130,121 $3,779 4.87%
PUNTA GORDA, FL (FHA|USDA|VA) 88 $22,030,000 $250,341 $5,056 4.51%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 65 $14,055,000 $216,231 $4,065 4.65%
Outside of Metro Areas 54 $3,330,000 $61,667 $0 5.53%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 5 $1,165,000 $233,000 $3,889 4.20%
JACKSONVILLE, FL (FHA|USDA|VA) 2 $860,000 $430,000 $5,192 4.44%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 3 $795,000 $265,000 $6,176 4.83%
Arcadia, FL (FHA|USDA|VA) 2 $620,000 $310,000 $5,159 4.13%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $500,000 $250,000 $2,940 3.69%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $295,000 $295,000 $3,611 3.38%
OCALA, FL (FHA|USDA|VA) 2 $170,000 $85,000 $2,876 4.13%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $105,000 $105,000 $2,220 3.88%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $65,000 $65,000 $0 5.75%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $65,000 $65,000 $3,125 4.38%
Clewiston, FL (FHA|USDA|VA) 1 $65,000 $65,000 $3,986 3.63%
Achieva Credit Union's top markets include Tampa, North Port, Punta Gorda, Cape Coral, and Orlando among others.

Their top states include:
  • Florida (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 627 $37,165,000 $59,274 n/a 5.58%
    Conventional 489 $120,245,000 $245,900 $4,005 4.24%
    VA 12 $3,190,000 $265,833 $8,007 3.80%
    FHA 5 $815,000 $163,000 $6,443 3.85%

    For 2019, Achieva Credit Union's most frequently originated type of loan was HELOC, with 627 originations. Their 2nd most popular type was Conventional, with 489 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 374 $22,160,000 $59,251 $3,467 5.50%
    Home Purchase 254 $59,580,000 $234,567 $4,330 4.30%
    Other 243 $15,385,000 $63,313 $0 5.67%
    Refi 180 $45,760,000 $254,222 $4,295 4.20%
    Cash Out Refi 82 $18,530,000 $225,976 $3,228 4.26%

    For 2019, Achieva Credit Union's most frequently cited loan purpose was Home Improvement, with 374 originations. The 2nd most popular reason was Home Purchase, with 254 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 714 $55,300,000 $77,451 $3,104 5.39%
    30 Year 394 $102,710,000 $260,685 $4,425 4.28%
    10 Year 16 $1,850,000 $115,625 $2,483 4.13%
    20 Year 9 $1,555,000 $172,778 $3,291 4.07%

    For 2019, Achieva Credit Union's most frequently cited loan duration was 15 Year, with 714 originations. The 2nd most popular length was 30 Year, with 394 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 407 $88,255,000 $216,843
    $2k-3k 65 $24,665,000 $379,462
    $<1k 20 $3,490,000 $174,500
    $3k-4k 4 $1,150,000 $287,500
    $5k+ 3 $885,000 $295,000
    $4k-5k 2 $630,000 $315,000

    Achieva Credit Union's average total fees were $4,425, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 407 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 417 $30,925,000 $74,161
    4-5% 387 $69,795,000 $180,349
    3-4% 240 $56,130,000 $233,875
    6-7% 55 $3,315,000 $60,273
    Over 8% 26 $900,000 $34,615
    7-8% 8 $350,000 $43,750

    During 2019, Achieva Credit Union's average interest rate for loans was 4.28%, while their most frequently originated rate bucket for loans was 5-6%, with 417 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 661 $35,925,000 $54,349 $2,629 5.47%
    $100k-200k 207 $30,975,000 $149,638 $3,364 4.30%
    $200k-400k 205 $55,775,000 $272,073 $4,525 4.23%
    $400k-600k 44 $21,420,000 $486,818 $6,304 4.25%
    $600k-1MM 14 $10,420,000 $744,286 $8,408 4.61%
    $1MM+ 2 $6,900,000 $3,450,000 $10,390 4.88%

    2019 saw Achieva Credit Union place emphasis on $100,000 or less loans with 661 originations, totaling $35,925,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 261 $25,195,000 $96,533 $3,511 5.11%
    $100k-150k 256 $36,420,000 $142,266 $4,399 4.90%
    $75k-100k 249 $29,505,000 $118,494 $3,751 4.95%
    $50k or less 180 $12,950,000 $71,944 $3,190 5.18%
    $150k-250k 132 $30,140,000 $228,333 $4,831 4.77%
    $250k+ 50 $22,070,000 $441,400 $6,438 4.57%

    Achieva Credit Union lent most frequently to those with incomes in the $50k-75k range, with 261 originations. The second most popular income band? $100k-150k, with 256 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 330 $42,190,000 $127,848 $3,925 4.93%
    30-36% 237 $35,535,000 $149,937 $4,208 4.92%
    <20% 141 $14,185,000 $100,603 $3,777 4.97%
    41% 46 $7,050,000 $153,261 $4,585 4.91%
    36% 45 $6,075,000 $135,000 $4,625 4.98%
    37% 42 $6,230,000 $148,333 $3,951 4.93%
    43% 38 $5,630,000 $148,158 $3,827 4.98%
    40% 38 $7,480,000 $196,842 $4,230 5.01%
    38% 36 $5,320,000 $147,778 $3,563 4.99%
    39% 34 $5,650,000 $166,176 $4,083 4.96%
    42% 33 $7,155,000 $216,818 $5,051 4.74%
    44% 32 $5,560,000 $173,750 $4,444 5.12%
    45% 20 $3,300,000 $165,000 $5,528 5.34%
    50-60% 18 $1,440,000 $80,000 $3,867 5.45%
    46% 13 $1,095,000 $84,231 $3,864 5.69%
    48% 11 $1,115,000 $101,364 $3,775 5.02%
    47% 10 $800,000 $80,000 $3,242 5.14%
    49% 4 $630,000 $157,500 $5,142 5.53%
    >60% 2 $90,000 $45,000 $0 5.25%

    Achieva Credit Union lent most frequently to those with DTI ratios of 20-30%, with 330 originations. The next most common DTI ratio? 30-36%, with 237 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 955 $120,355,000 $126,026 $4,086 5.03%
    Not provided 122 $29,640,000 $242,951 $4,218 4.35%
    Not applicable 3 $4,885,000 $1,628,333 $0 6.25%
    Black 33 $3,645,000 $110,455 $3,899 5.25%
    Asian 7 $1,775,000 $253,571 $5,743 5.23%
    American Indian 9 $675,000 $75,000 $4,520 5.04%
    Native Hawaiian or Islander 2 $370,000 $185,000 $3,242 4.81%
    Filipino 1 $45,000 $45,000 $0 5.25%
    Other Asian 1 $25,000 $25,000 $0 9.13%

    Approval Rates

    Total approvals of all applications
    83.98%

    Achieva Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    67.70%

    Achieva 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
    0.0 192 $11,860,000 $61,771
    NA 941 $149,555,000 $158,932

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $4,780,000 $2,390,000
    Single Family (1-4 Units):Site-Built 1,131 $156,635,000 $138,492

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 273 $19,545,000 $71,593 $2,897 5.31%
    40-60% 168 $25,640,000 $152,619 $3,385 4.77%
    60-80% 228 $53,190,000 $233,289 $4,062 4.42%
    80-100% 184 $49,360,000 $268,261 $4,749 4.32%
    Over 100% 4 $1,520,000 $380,000 $10,301 3.88%
    Under 20% 276 $12,160,000 $44,058 $2,586 5.67%