Achieva Credit Union Mortgage Rates, Fees & Info

Dunedin, FL

LEI: 549300GFM3T3SN2KS138

Tax ID: 59-0729366

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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 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 Naples 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.

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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






    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

    1,645

    Origination Dollar Volume (All Markets)

    $244,895,000

    Awards

    ACHIEVA CREDIT UNION 30 Year Conventional Loans silver ACHIEVA CREDIT UNION 30 Year Conventional Loans silver
    Show all (2) 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) 896 $123,180,000 $137,478 $3,523 3.48%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 481 $67,625,000 $140,593 $3,377 3.43%
    PUNTA GORDA, FL (FHA|USDA|VA) 138 $31,550,000 $228,623 $4,786 3.48%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 107 $19,685,000 $183,972 $4,135 3.52%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 5 $605,000 $121,000 $4,128 3.68%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 4 $370,000 $92,500 $3,282 3.31%
    Arcadia, FL (FHA|USDA|VA) 3 $325,000 $108,333 $0 5.21%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $315,000 $315,000 $3,513 3.13%
    OCALA, FL (FHA|USDA|VA) 1 $305,000 $305,000 $0 3.75%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $215,000 $215,000 $3,827 3.25%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 2 $190,000 $95,000 $2,783 3.00%
    THE VILLAGES, FL (FHA|USDA|VA) 2 $190,000 $95,000 $0 4.00%
    Outside of Metro Areas 1 $165,000 $165,000 $4,151 3.25%
    Clewiston, FL (FHA|USDA|VA) 1 $95,000 $95,000 $0 3.75%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $45,000 $45,000 $0 3.25%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $35,000 $35,000 $0 3.25%
    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.

    METROPLEX MORTGAGE SERVICES, INC.
    Similarity Rank: 372
    SAN ANTONIO CITIZENS
    Similarity Rank: 1170
    Allied First Bank,sb
    Similarity Rank: 1312
    NEAL COMMUNITIES FUNDING, LLC
    Similarity Rank: 2004
    RAILROAD & INDUSTRIAL
    Similarity Rank: 2045
    Credence Funding Corporation
    Similarity Rank: 2400
    THE MORTGAGE WAREHOUSE,LLC
    Similarity Rank: 2464
    Kwik Mortgage Corporation
    Similarity Rank: 2492
    BRIDGEVIEW MORTGAGE CORP.
    Similarity Rank: 2533
    AMERICAN HERITAGE CAPITAL, L.P.
    Similarity Rank: 2592

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 838 $57,080,000 $68,115 n/a 3.68%
    Conventional 806 $187,560,000 $232,705 $3,656 3.25%
    FHA 1 $255,000 $255,000 $7,345 3.63%

    For 2020, Achieva Credit Union's most frequently originated type of loan was HELOC, with 838 originations. Their 2nd most popular type was Conventional, with 806 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 581 $39,195,000 $67,461 $2,940 3.67%
    Refi 435 $95,645,000 $219,874 $3,680 3.30%
    Cash Out Refi 243 $48,185,000 $198,292 $3,258 3.23%
    Other 199 $15,835,000 $79,573 $0 3.59%
    Home Purchase 187 $46,035,000 $246,176 $4,265 3.45%

    For 2020, Achieva Credit Union's most frequently cited loan purpose was Home Improvement, with 581 originations. The 2nd most popular reason was Refi, with 435 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 810 $56,520,000 $69,778 $3,112 3.61%
    30 Year 568 $143,120,000 $251,972 $3,849 3.35%
    15 Year 218 $36,240,000 $166,239 $3,262 3.33%
    20 Year 44 $8,310,000 $188,864 $3,107 3.20%
    Other 4 $640,000 $160,000 $2,584 3.09%
    3 Year 1 $65,000 $65,000 $0 3.25%

    For 2020, Achieva Credit Union's most frequently cited loan duration was 10 Year, with 810 originations. The 2nd most popular length was 30 Year, with 568 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 725 $156,255,000 $215,524
    $2k-3k 57 $25,745,000 $451,667
    $<1k 21 $4,675,000 $222,619
    $4k-5k 2 $490,000 $245,000
    $3k-4k 1 $215,000 $215,000

    Achieva Credit Union's average total fees were $3,849, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 725 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,167 $164,045,000 $140,570
    2.5-3% 289 $59,775,000 $206,834
    4-5% 130 $17,120,000 $131,692
    5-6% 33 $1,445,000 $43,788
    7-8% 13 $675,000 $51,923
    <2.5% 8 $1,480,000 $185,000
    6-7% 4 $280,000 $70,000
    Over 8% 1 $75,000 $75,000

    During 2020, Achieva Credit Union's average interest rate for loans was 3.35%, while their most frequently originated rate bucket for loans was 3-4%, with 1,167 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 842 $50,240,000 $59,667 $2,744 3.65%
    $100k-200k 368 $53,590,000 $145,625 $3,111 3.25%
    $200k-400k 345 $92,495,000 $268,101 $3,806 3.27%
    $400k-600k 72 $34,070,000 $473,194 $5,429 3.37%
    $600k-1MM 16 $12,230,000 $764,375 $7,817 3.93%
    $1MM+ 2 $2,270,000 $1,135,000 $9,977 3.19%

    2020 saw Achieva Credit Union place emphasis on $100,000 or less loans with 842 originations, totaling $50,240,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 379 $45,795,000 $120,831 $3,290 3.46%
    $50k or less 366 $28,600,000 $78,142 $2,974 3.47%
    $100k-150k 333 $58,015,000 $174,219 $3,755 3.45%
    $75k-100k 290 $40,020,000 $138,000 $3,479 3.49%
    $150k-250k 227 $52,905,000 $233,062 $4,253 3.43%
    $250k+ 48 $19,030,000 $396,458 $6,221 3.70%

    Achieva Credit Union lent most frequently to those with incomes in the $50k-75k range, with 379 originations. The second most popular income band? $50k or less, with 366 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 487 $67,945,000 $139,517 $3,446 3.43%
    30-36% 352 $54,510,000 $154,858 $3,678 3.42%
    <20% 223 $23,275,000 $104,372 $3,301 3.54%
    36% 71 $12,715,000 $179,085 $3,848 3.46%
    41% 60 $15,320,000 $255,333 $4,326 3.50%
    40% 60 $10,160,000 $169,333 $3,600 3.43%
    37% 57 $9,545,000 $167,456 $3,903 3.51%
    38% 57 $12,195,000 $213,947 $3,849 3.35%
    42% 47 $8,855,000 $188,404 $4,015 3.37%
    39% 45 $8,985,000 $199,667 $3,807 3.49%
    50-60% 44 $4,160,000 $94,545 $0 3.79%
    43% 43 $7,215,000 $167,791 $4,105 3.53%
    44% 22 $3,430,000 $155,909 $3,679 3.43%
    45% 19 $1,255,000 $66,053 $0 3.46%
    47% 13 $975,000 $75,000 $0 3.71%
    48% 12 $740,000 $61,667 $0 3.67%
    49% 11 $1,035,000 $94,091 $0 3.70%
    46% 11 $1,065,000 $96,818 $5,551 4.14%
    >60% 10 $1,080,000 $108,000 $0 3.45%

    Achieva Credit Union lent most frequently to those with DTI ratios of 20-30%, with 487 originations. The next most common DTI ratio? 30-36%, with 352 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,323 $181,225,000 $136,980 $3,602 3.51%
    Not provided 251 $53,515,000 $213,207 $3,761 3.25%
    Black 43 $5,975,000 $138,953 $3,992 3.42%
    Asian 15 $2,485,000 $165,667 $4,419 3.29%
    American Indian 6 $530,000 $88,333 $0 4.06%
    Not applicable 1 $435,000 $435,000 $0 4.75%
    Native Hawaiian or Islander 2 $320,000 $160,000 $3,183 4.31%
    Asian Indian 2 $220,000 $110,000 $2,995 3.81%
    Other Asian 1 $95,000 $95,000 $0 3.25%
    Korean 1 $95,000 $95,000 $0 3.25%

    Approval Rates

    Total approvals of all applications
    79.70%

    Achieva Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    81.46%

    Achieva Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 828 $56,560,000 $68,309
    NA 817 $188,335,000 $230,520

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 1,645 $244,895,000 $148,872

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 375 $32,655,000 $87,080 $3,128 3.60%
    40-60% 308 $47,120,000 $152,987 $3,230 3.26%
    60-80% 423 $98,345,000 $232,494 $3,699 3.33%
    80-100% 179 $49,285,000 $275,335 $4,370 3.43%
    Over 100% 1 $305,000 $305,000 $0 3.75%
    Under 20% 359 $17,185,000 $47,869 $2,241 3.70%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    ACOPIA CAPITAL GROUP FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%