Auto Club Trust Fsb Mortgage Rates, Fees & Info
Dearborn, MILEI: 549300IOVF643QHIZ598
Tax ID: 38-3498118
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Mortgage Data
Review & Overview
Auto Club Trust Fsb is a smaller mortgage company specializing in Cash Out Refi and Home Purchase loans. Auto Club Trust Fsb 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: Detroit, Chicago, Atlanta, Charlotte, and Tampa among others. We have data for 42 markets. (Some data included below & more in-depth data is available with an active subscription.)Auto Club Trust Fsb 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. Auto Club Trust Fsb 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 | 6.00% | 12/4/24 |
| 30 Year Conventional Refi | 6.40% | 12/4/24 |
| 30 Year Cash-out Refi | 6.35% | 12/4/24 |
| 30 Year FHA Purchase | 6.87% | 12/4/24 |
| 30 Year FHA Refi | 6.27% | 12/4/24 |
| 30 Year VA Purchase | 6.27% | 12/4/24 |
| 15 Year Conventional Purchase | 5.45% | 12/4/24 |
| 15 Year Conventional Refi | 6.02% | 12/4/24 |
| 15 Year Cash-out Refi | 6.02% | 12/4/24 |
| 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. | ||
Auto Club Trust Fsb Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
161Origination Dollar Volume (All Markets)
$35,125,000Awards
Auto Club Trust FSB - 2022
Auto Club Trust FSB is a 2022 , due to their low .
For 2022, 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 |
|---|---|---|---|---|---|
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 30 | $5,620,000 | $187,333 | $2,727 | 4.74% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 18 | $5,560,000 | $308,889 | $3,321 | 4.44% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 15 | $3,345,000 | $223,000 | $2,483 | 4.65% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 4 | $2,480,000 | $620,000 | $3,277 | 4.09% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 13 | $2,455,000 | $188,846 | $2,893 | 4.07% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 12 | $1,810,000 | $150,833 | $3,306 | 3.99% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 7 | $1,535,000 | $219,286 | $3,359 | 4.77% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 6 | $1,430,000 | $238,333 | $3,276 | 3.75% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 3 | $1,175,000 | $391,667 | $1,902 | 4.88% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 4 | $850,000 | $212,500 | $3,749 | 3.56% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 6 | $710,000 | $118,333 | $2,919 | 4.33% |
| Outside of Metro Areas | 2 | $670,000 | $335,000 | $3,133 | 5.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $1,986 | 3.25% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $4,982 | 5.44% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $4,389 | 5.88% |
| OCALA, FL (FHA|USDA|VA) | 3 | $385,000 | $128,333 | $2,360 | 3.83% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $4,260 | 5.50% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $2,225 | 3.58% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $7,355 | 2.75% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $6,023 | 3.50% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $3,562 | 4.25% |
| ROCHESTER, MN (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,354 | 3.99% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,169 | 3.99% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $2,177 | 4.94% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $1,721 | 3.69% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $1,446 | 3.13% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $2,569 | 3.94% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,071 | 3.25% |
| Greenwood, SC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $1,646 | 5.50% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,487 | 3.63% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,026 | 6.63% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,371 | 5.25% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $1,646 | 4.63% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,373 | 4.88% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,047 | 3.88% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,758 | 4.75% |
| Adrian, MI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,241 | 5.38% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $1,496 | 5.50% |
| LINCOLN, NE (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $1,996 | 3.13% |
| Fergus Falls, MN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $1,411 | 5.00% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $666 | 5.63% |
| FLINT, MI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,420 | 4.13% |
Similar Lenders
We use machine learning to identify the top lenders compared against Auto Club Trust FSB 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
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 158 | $34,550,000 | $218,671 | $2,824 | 4.37% |
| FHA | 3 | $575,000 | $191,667 | $7,022 | 5.33% |
For 2022, Auto Club Trust Fsb's most frequently originated type of loan was Conventional, with 158 originations. Their 2nd most popular type was FHA, with 3 originations.
Loan Reason
For 2022, Auto Club Trust Fsb's most frequently cited loan purpose was Cash Out Refi, with 66 originations. The 2nd most popular reason was Home Purchase, with 49 originations.
Loan Duration/Length
For 2022, Auto Club Trust Fsb's most frequently cited loan duration was 30 Year, with 132 originations. The 2nd most popular length was 15 Year, with 18 originations.
Origination Fees/Closing Costs
Auto Club Trust Fsb's average total fees were $2,971, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 126 originations.
Interest Rates
During 2022, Auto Club Trust Fsb's average interest rate for loans was 4.58%, while their most frequently originated rate bucket for loans was 3-4%, with 56 originations.
Loan Sizing
2022 saw Auto Club Trust Fsb place emphasis on $100k-200k loans with 76 originations, totaling $10,790,000 in origination value.
Applicant Income
Auto Club Trust Fsb lent most frequently to those with incomes in the $50k-75k range, with 46 originations. The second most popular income band? $75k-100k, with 35 originations.
Applicant Debt to Income Ratio
Auto Club Trust Fsb lent most frequently to those with DTI ratios of 20-30%, with 37 originations. The next most common DTI ratio? 30-36%, with 30 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications71.43%
Auto Club Trust Fsb has a below average approval rate.
Pick Rate
Approvals leading to origination4.97%
Auto Club Trust Fsb 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 |
|---|---|---|---|
| NA | 161 | $35,125,000 | $218,168 |