Midatlantic Farm Credit Aca Mortgage Rates, Fees & Info

Westminster, MD

LEI: 549300IYR2K45YQJGV33

Tax ID: 52-2240353

5 stars - Updated: 7/11/24 - out of 5 stars, based on 18 reviews

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

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Mortgage Data

Review & Overview

Midatlantic Farm Credit Aca is a smaller mortgage company specializing in Home Purchase loans. Midatlantic Farm Credit Aca has a high proportion of conventional loans. Their top markets by origination volume include: Lancaster, Philadelphia, Washington, Baltimore, and York among others. We have data for 45 markets. (Some data included below & more in-depth data is available with an active subscription.)

Midatlantic Farm Credit Aca 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. Midatlantic Farm Credit Aca is typically an average 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 relatively high 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 7.25% 7/11/24
30 Year Conventional Refi 7.69% 7/11/24
30 Year Cash-out Refi 6.27% 7/11/24
15 Year Conventional Purchase 6.90% 7/11/24
15 Year Conventional Refi 7.48% 7/11/24
15 Year Cash-out Refi 7.48% 7/11/24
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.

Midatlantic Farm Credit Aca Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Midatlantic Farm Credit Aca. 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

339

Origination Dollar Volume (All Markets)

$93,535,000

Awards

MidAtlantic Farm Credit ACA 30 Year Conventional Loans gold
Show all (1) awards

Relative Rate

Midatlantic Farm Credit Aca's average 30 year fixed mortgage rate was 7.27%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.79%.

Relative Fees (Closing Costs)

Midatlantic Farm Credit Aca's average total fees/closing costs for a 30 year fixed rate mortgage were $5,597.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
LANCASTER, PA (FHA|USDA|VA) 27 $10,375,000 $384,259 $6,114 7.39%
Outside of Metro Areas 29 $7,845,000 $270,517 $5,249 7.43%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 16 $6,530,000 $408,125 $5,716 7.48%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 20 $6,360,000 $318,000 $4,033 7.18%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 16 $6,170,000 $385,625 $5,097 7.41%
YORK-HANOVER, PA (FHA|USDA|VA) 20 $5,650,000 $282,500 $4,203 7.59%
PITTSBURGH, PA (FHA|USDA|VA) 21 $5,295,000 $252,143 $5,485 7.39%
WINCHESTER, VA-WV (FHA|USDA|VA) 12 $4,540,000 $378,333 $5,320 7.31%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 12 $4,250,000 $354,167 $7,749 7.80%
SALISBURY, MD-DE (FHA|USDA|VA) 11 $3,045,000 $276,818 $4,119 7.34%
Lewisburg, PA (FHA|USDA|VA) 6 $2,770,000 $461,667 $3,681 7.72%
Lock Haven, PA (FHA|USDA|VA) 10 $2,500,000 $250,000 $3,618 7.90%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 10 $2,210,000 $221,000 $3,056 7.00%
Meadville, PA (FHA|USDA|VA) 15 $2,185,000 $145,667 $3,742 7.55%
DOVER, DE (FHA|USDA|VA) 8 $1,760,000 $220,000 $3,648 7.09%
READING, PA (FHA|USDA|VA) 5 $1,605,000 $321,000 $5,317 7.75%
LEBANON, PA (FHA|USDA|VA) 7 $1,585,000 $226,429 $4,501 7.24%
STATE COLLEGE, PA (FHA|USDA|VA) 7 $1,575,000 $225,000 $3,814 7.25%
GETTYSBURG, PA (FHA|USDA|VA) 5 $1,285,000 $257,000 $4,747 7.44%
ERIE, PA (FHA|USDA|VA) 6 $1,270,000 $211,667 $3,599 7.50%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 5 $1,255,000 $251,000 $3,308 7.62%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 5 $1,195,000 $239,000 $4,727 7.17%
BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 6 $1,170,000 $195,000 $3,562 7.28%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 5 $1,095,000 $219,000 $5,150 7.38%
New Castle, PA (FHA|USDA|VA) 4 $1,010,000 $252,500 $6,427 7.53%
Sunbury, PA (FHA|USDA|VA) 5 $985,000 $197,000 $2,575 7.23%
Somerset, PA (FHA|USDA|VA) 7 $975,000 $139,286 $4,636 7.39%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 2 $890,000 $445,000 $11,178 7.76%
Selinsgrove, PA (FHA|USDA|VA) 5 $785,000 $157,000 $2,835 7.18%
ALTOONA, PA (FHA|USDA|VA) 3 $685,000 $228,333 $0 8.49%
Lewistown, PA (FHA|USDA|VA) 3 $665,000 $221,667 $4,528 7.15%
Pottsville, PA (FHA|USDA|VA) 3 $565,000 $188,333 $4,320 7.27%
Huntingdon, PA (FHA|USDA|VA) 2 $520,000 $260,000 $5,391 7.02%
WILLIAMSPORT, PA (FHA|USDA|VA) 3 $475,000 $158,333 $3,718 7.83%
Sayre, PA (FHA|USDA|VA) 3 $465,000 $155,000 $3,927 7.19%
EAST STROUDSBURG, PA (FHA|USDA|VA) 3 $435,000 $145,000 $3,178 7.24%
DuBois, PA (FHA|USDA|VA) 4 $390,000 $97,500 $3,556 8.13%
WHEELING, WV-OH (FHA|USDA|VA) 1 $225,000 $225,000 $4,212 7.56%
CUMBERLAND, MD-WV (FHA|USDA|VA) 1 $205,000 $205,000 $4,237 7.30%
Cambridge, MD (FHA|USDA|VA) 1 $195,000 $195,000 $3,673 7.34%
St. Marys, PA (FHA|USDA|VA) 1 $155,000 $155,000 $0 8.25%
JOHNSTOWN, PA (FHA|USDA|VA) 1 $135,000 $135,000 $4,380 7.33%
Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) 1 $105,000 $105,000 $4,519 7.27%
Oil City, PA (FHA|USDA|VA) 1 $85,000 $85,000 $3,476 7.38%
Easton, MD (FHA|USDA|VA) 1 $65,000 $65,000 $1,310 9.06%
Midatlantic Farm Credit Aca's top markets include Lancaster, Philadelphia, Washington, Baltimore, and York among others.

Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)
  • West Virginia (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against MidAtlantic Farm Credit ACA based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Republic Bank
    Similarity Rank: 21
    TRI BORO
    Similarity Rank: 24
    FIRST FINANCIAL OF MARYLAND
    Similarity Rank: 117
    PATRIOT
    Similarity Rank: 120
    County Savings Bank
    Similarity Rank: 135
    Columbia Bank
    Similarity Rank: 156
    POINT BREEZE
    Similarity Rank: 160

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 339 $93,535,000 $275,914 $4,668 7.44%

    For 2023, Midatlantic Farm Credit Aca's most frequently originated type of loan was Conventional, with 339 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 233 $71,995,000 $308,991 $5,373 7.52%
    Home Improvement 50 $8,610,000 $172,200 $3,250 7.14%
    Refi 31 $9,035,000 $291,452 $4,262 7.31%
    Other 25 $3,895,000 $155,800 $3,271 7.38%

    For 2023, Midatlantic Farm Credit Aca's most frequently cited loan purpose was Home Purchase, with 233 originations. The 2nd most popular reason was Home Improvement, with 50 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 149 $50,335,000 $337,819 $5,597 7.27%
    Other 103 $22,965,000 $222,961 $3,400 7.50%
    20 Year 51 $14,255,000 $279,510 $4,239 7.70%
    15 Year 18 $3,530,000 $196,111 $4,256 7.70%
    10 Year 10 $870,000 $87,000 $3,351 7.28%
    5 Year 6 $1,150,000 $191,667 $1,703 7.49%
    1 Year 2 $430,000 $215,000 $1,174 8.20%

    For 2023, Midatlantic Farm Credit Aca's most frequently cited loan duration was 30 Year, with 149 originations. The 2nd most popular length was Other, with 103 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 99 $15,945,000 $161,061
    $2k-3k 76 $21,750,000 $286,184
    $<1k 46 $5,280,000 $114,783
    $3k-4k 26 $10,870,000 $418,077
    $4k-5k 16 $10,590,000 $661,875
    $5k+ 8 $7,980,000 $997,500

    Midatlantic Farm Credit Aca's average total fees were $5,597, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 99 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    7-8% 199 $58,275,000 $292,839
    6-7% 72 $18,210,000 $252,917
    Over 8% 67 $16,935,000 $252,761
    5-6% 1 $115,000 $115,000

    During 2023, Midatlantic Farm Credit Aca's average interest rate for loans was 7.27%, while their most frequently originated rate bucket for loans was 7-8%, with 199 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 118 $33,320,000 $282,373 $5,053 7.42%
    $100k-200k 100 $14,360,000 $143,600 $3,626 7.47%
    $100,000 or less 58 $4,030,000 $69,483 $2,139 7.45%
    $400k-600k 33 $15,295,000 $463,485 $6,838 7.45%
    $600k-1MM 22 $15,990,000 $726,818 $9,399 7.33%
    $1MM+ 8 $10,540,000 $1,317,500 $11,230 7.48%

    2023 saw Midatlantic Farm Credit Aca place emphasis on $200k-400k loans with 118 originations, totaling $33,320,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 80 $24,960,000 $312,000 $4,675 7.32%
    $100k-150k 73 $17,465,000 $239,247 $4,472 7.33%
    $250k+ 48 $24,680,000 $514,167 $6,443 7.39%
    $75k-100k 42 $8,000,000 $190,476 $4,231 7.28%
    $50k-75k 40 $6,370,000 $159,250 $3,918 7.12%
    $50k or less 12 $1,350,000 $112,500 $4,063 7.32%

    Midatlantic Farm Credit Aca lent most frequently to those with incomes in the $150k-250k range, with 80 originations. The second most popular income band? $100k-150k, with 73 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 50 $10,470,000 $209,400 $4,402 7.25%
    30-36% 43 $11,875,000 $276,163 $4,792 7.34%
    <20% 23 $6,765,000 $294,130 $5,155 7.07%
    39% 15 $4,475,000 $298,333 $4,597 7.05%
    38% 13 $3,955,000 $304,231 $5,633 7.13%
    40% 11 $3,115,000 $283,182 $4,994 7.30%
    36% 10 $1,880,000 $188,000 $3,496 7.18%
    37% 9 $1,455,000 $161,667 $3,395 7.47%
    50-60% 5 $1,145,000 $229,000 $3,718 7.36%
    42% 4 $2,030,000 $507,500 $7,655 7.33%
    45% 2 $370,000 $185,000 $2,582 7.77%
    43% 1 $255,000 $255,000 $1,269 6.61%
    48% 1 $155,000 $155,000 $3,975 7.23%
    41% 1 $405,000 $405,000 $5,326 7.25%

    Midatlantic Farm Credit Aca lent most frequently to those with DTI ratios of 20-30%, with 50 originations. The next most common DTI ratio? 30-36%, with 43 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 287 $76,375,000 $266,115 $4,568 7.41%
    Not provided 38 $12,940,000 $340,526 $5,359 7.39%
    Not applicable 11 $3,515,000 $319,545 $0 8.26%
    Asian 2 $450,000 $225,000 $5,050 7.10%
    American Indian 1 $255,000 $255,000 $4,820 7.82%

    Approval Rates

    Total approvals of all applications
    92.21%

    Midatlantic Farm Credit Aca has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.68%

    Midatlantic Farm Credit Aca has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 339 $93,535,000 $275,914

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    339 $93,535,000 $275,914

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 45 $9,635,000 $214,111 $3,735 7.42%
    40-60% 64 $19,250,000 $300,781 $4,765 7.45%
    60-80% 135 $43,125,000 $319,444 $5,575 7.41%
    80-100% 39 $12,025,000 $308,333 $5,628 7.57%
    Over 100% 7 $3,365,000 $480,714 $8,163 7.94%
    Under 20% 49 $6,135,000 $125,204 $2,301 7.36%