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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.66% | 11/22/24 |
| 30 Year Conventional Refi | 6.68% | 11/22/24 |
| 30 Year Cash-out Refi | 6.76% | 11/22/24 |
| 30 Year FHA Purchase | 6.27% | 11/22/24 |
| 30 Year VA Refi | 6.27% | 11/22/24 |
| 15 Year Conventional Purchase | 5.90% | 11/22/24 |
| 15 Year Conventional Refi | 5.85% | 11/22/24 |
| 15 Year Cash-out Refi | 5.85% | 11/22/24 |
| 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
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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
1,133Origination Dollar Volume (All Markets)
$161,415,000Awards
ACHIEVA CREDIT UNION - 2019
ACHIEVA CREDIT UNION is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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% |
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
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
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
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
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
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
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
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
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
Approval Rates
Total approvals of all applications83.98%
Achieva Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination67.70%
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 |