American Southwest Credit Union Mortgage Rates, Fees & Info
SIERRA VISTA, AZLEI: 549300HWQV4ZV6WMCK88
Tax ID: 86-0148533
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
American Southwest Credit Union is a smaller credit union specializing in Cash Out Refi, Refi, and Home Purchase loans. American Southwest Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Sierra Vista, Nogales, Tucson, Knoxville, and Phoenix among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)American Southwest Credit Union has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. American Southwest 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 | 6.85% | 12/16/24 |
| 30 Year Conventional Refi | 6.65% | 12/16/24 |
| 30 Year Cash-out Refi | 7.13% | 12/16/24 |
| 15 Year Conventional Purchase | 6.12% | 12/16/24 |
| 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. | ||
American Southwest Credit Union Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from American Southwest 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
69Origination Dollar Volume (All Markets)
$7,815,000Top 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 |
|---|---|---|---|---|---|
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 51 | $6,245,000 | $122,451 | $2,356 | 4.49% |
| Nogales, AZ (FHA|USDA|VA) | 7 | $615,000 | $87,857 | $1,965 | 4.81% |
| TUCSON, AZ (FHA|USDA|VA) | 9 | $475,000 | $52,778 | $1,486 | 5.15% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,856 | 4.63% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,000 | 4.75% |
Similar Lenders
We use machine learning to identify the top lenders compared against American Southwest Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 510
Similarity Rank: 2581
Similarity Rank: 3094
Similarity Rank: 7072
Similarity Rank: 8360
Similarity Rank: 11726
Similarity Rank: 11865
Similarity Rank: 13110
Similarity Rank: 22975
Similarity Rank: 27216
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 62 | $7,600,000 | $122,581 | $2,286 | 4.59% |
| HELOC | 7 | $215,000 | $30,714 | n/a | 4.82% |
For 2018, American Southwest Credit Union's most frequently originated type of loan was Conventional, with 62 originations. Their 2nd most popular type was HELOC, with 7 originations.
Loan Reason
For 2018, American Southwest Credit Union's most frequently cited loan purpose was Cash Out Refi, with 37 originations. The 2nd most popular reason was Refi, with 17 originations.
Loan Duration/Length
For 2018, American Southwest Credit Union's most frequently cited loan duration was 15 Year, with 22 originations. The 2nd most popular length was 10 Year, with 20 originations.
Origination Fees/Closing Costs
American Southwest Credit Union's average total fees were $3,949, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 33 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 41 | $5,485,000 | $133,780 |
| 3-4% | 13 | $1,485,000 | $114,231 |
| 5-6% | 12 | $780,000 | $65,000 |
| 6-7% | 3 | $65,000 | $21,667 |
During 2018, American Southwest Credit Union's average interest rate for loans was 4.80%, while their most frequently originated rate bucket for loans was 4-5%, with 41 originations.
Loan Sizing
2018 saw American Southwest Credit Union place emphasis on $100,000 or less loans with 39 originations, totaling $2,125,000 in origination value.
Applicant Income
American Southwest Credit Union lent most frequently to those with incomes in the $50k-75k range, with 20 originations. The second most popular income band? $50k or less, with 20 originations.
Applicant Debt to Income Ratio
American Southwest Credit Union lent most frequently to those with DTI ratios of 20-30%, with 24 originations. The next most common DTI ratio? 30-36%, with 19 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.94%
American Southwest Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination85.51%
American Southwest Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 69 | $7,815,000 | $113,261 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 20 | $1,490,000 | $74,500 |
| Single Family (1-4 Units):Site-Built | 49 | $6,325,000 | $129,082 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| AMERICAN FINANCING CORPORATION | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |
| AMERICAN FINANCING CORPORATION | Conventional home mortgage | Unable to get your credit report or credit score | 1 | 50.0% |