American Southwest Credit Union Mortgage Rates, Fees & Info

SIERRA VISTA, AZ

LEI: 549300HWQV4ZV6WMCK88

Tax ID: 86-0148533

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

    American Southwest Credit Union is a smaller credit union specializing in Cash Out 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, Phoenix, Tucson, Safford, and Nogales among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    American Southwest 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. 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

    89

    Origination Dollar Volume (All Markets)

    $10,125,000

    Awards

    American Southwest Credit Union 30 Year Conventional Loans gold
    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
    SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 63 $6,325,000 $100,397 $2,647 4.92%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 3 $1,575,000 $525,000 $3,225 5.04%
    TUCSON, AZ (FHA|USDA|VA) 14 $1,450,000 $103,571 $2,890 4.80%
    Safford, AZ (FHA|USDA|VA) 3 $375,000 $125,000 $1,694 5.96%
    Nogales, AZ (FHA|USDA|VA) 4 $210,000 $52,500 $2,716 6.41%
    Carlsbad-Artesia, NM (FHA|USDA|VA) 1 $135,000 $135,000 $2,997 4.50%
    Poplar Bluff, MO (FHA|USDA|VA) 1 $55,000 $55,000 $1,500 8.13%
    American Southwest Credit Union's top markets include Sierra Vista, Phoenix, Tucson, Safford, and Nogales among others.

    Their top states include:
  • Arizona (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)

    • 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.

    American Southwest Credit Union
    Similarity Rank: 70
    SUNSTREET MORTGAGE, LLC
    Similarity Rank: 324
    ALTITUDE FINANCIAL CORPORATION
    Similarity Rank: 836
    U.S. Bank
    Similarity Rank: 3404
    NOVA FINANCIAL & INVESTMENT CORPORATION
    Similarity Rank: 3828
    PENNYMAC LOAN SERVICES, LLC
    Similarity Rank: 8970
    Neighborhood Loans, Inc.
    Similarity Rank: 9750
    GENEVA FINANCIAL, LLC
    Similarity Rank: 10511
    NAVY FEDERAL CREDIT UNION
    Similarity Rank: 14144
    FREEDOM MORTGAGE CORPORATION
    Similarity Rank: 15385

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 59 $7,955,000 $134,831 $2,654 5.09%
    HELOC 30 $2,170,000 $72,333 n/a 4.94%

    For 2022, American Southwest Credit Union's most frequently originated type of loan was Conventional, with 59 originations. Their 2nd most popular type was HELOC, with 30 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 70 $6,890,000 $98,429 $2,346 5.01%
    Home Purchase 14 $2,340,000 $167,143 $3,507 5.31%
    Refi 5 $895,000 $179,000 $3,120 4.78%

    For 2022, American Southwest Credit Union's most frequently cited loan purpose was Cash Out Refi, with 70 originations. The 2nd most popular reason was Home Purchase, with 14 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 42 $3,470,000 $82,619 $2,573 5.12%
    15 Year 21 $1,635,000 $77,857 $2,250 5.12%
    30 Year 20 $4,680,000 $234,000 $3,425 5.04%
    10 Year 5 $315,000 $63,000 $1,934 4.13%
    Other 1 $25,000 $25,000 $1,584 4.94%

    For 2022, American Southwest Credit Union's most frequently cited loan duration was 20 Year, with 42 originations. The 2nd most popular length was 15 Year, with 21 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 27 $2,575,000 $95,370
    $1k-2k 19 $2,525,000 $132,895
    $2k-3k 4 $1,120,000 $280,000
    $4k-5k 2 $890,000 $445,000
    $3k-4k 1 $155,000 $155,000

    American Southwest Credit Union's average total fees were $3,425, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 27 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 29 $3,015,000 $103,966
    3-4% 24 $2,430,000 $101,250
    4-5% 15 $2,395,000 $159,667
    6-7% 11 $1,115,000 $101,364
    7-8% 6 $560,000 $93,333
    2.5-3% 3 $555,000 $185,000
    Over 8% 1 $55,000 $55,000

    During 2022, American Southwest Credit Union's average interest rate for loans was 5.04%, while their most frequently originated rate bucket for loans was 5-6%, with 29 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 51 $2,695,000 $52,843 $1,921 5.09%
    $100k-200k 29 $3,815,000 $131,552 $2,730 5.06%
    $200k-400k 6 $1,620,000 $270,000 $4,952 4.85%
    $400k-600k 2 $890,000 $445,000 $6,496 4.44%
    $1MM+ 1 $1,105,000 $1,105,000 $3,225 4.13%

    2022 saw American Southwest Credit Union place emphasis on $100,000 or less loans with 51 originations, totaling $2,695,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 23 $1,255,000 $54,565 $2,011 5.52%
    $150k-250k 18 $2,830,000 $157,222 $4,592 4.87%
    $50k-75k 18 $1,700,000 $94,444 $2,333 4.85%
    $100k-150k 17 $1,735,000 $102,059 $2,299 4.68%
    $75k-100k 10 $1,100,000 $110,000 $2,883 5.31%
    $250k+ 3 $1,505,000 $501,667 $3,738 4.63%

    American Southwest Credit Union lent most frequently to those with incomes in the $50k or less range, with 23 originations. The second most popular income band? $150k-250k, with 18 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 34 $4,570,000 $134,412 $3,103 4.83%
    30-36% 15 $1,305,000 $87,000 $2,038 5.08%
    39% 14 $1,430,000 $102,143 $2,421 5.89%
    <20% 11 $925,000 $84,091 $2,564 4.70%
    38% 8 $1,500,000 $187,500 $2,499 5.05%
    37% 7 $395,000 $56,429 $1,933 4.85%

    American Southwest Credit Union lent most frequently to those with DTI ratios of 20-30%, with 34 originations. The next most common DTI ratio? 30-36%, with 15 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 83 $8,425,000 $101,506 $2,622 5.12%
    Not provided 3 $1,275,000 $425,000 $3,102 3.88%
    Black 2 $330,000 $165,000 $4,336 3.50%
    Asian 1 $95,000 $95,000 $1,679 5.00%

    Approval Rates

    Total approvals of all applications
    81.48%

    American Southwest Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    83.15%

    American Southwest Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 89 $10,125,000 $113,764

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    89 $10,125,000 $113,764

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 24 $2,140,000 $89,167 $2,150 4.93%
    40-60% 13 $2,005,000 $154,231 $2,920 4.54%
    60-80% 11 $2,935,000 $266,818 $3,439 4.68%
    80-100% 10 $1,600,000 $160,000 $3,148 5.59%
    Under 20% 31 $1,445,000 $46,613 $1,827 5.29%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    AMERICAN ADVISORS GROUP FHA mortgage Closing on a mortgage 1 50.0%
    AMERICAN ADVISORS GROUP Reverse mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%