Carolina Farm Credit Aca Mortgage Rates, Fees & Info
Statesville, NCLEI: 549300KCIGGEKYI5VM19
Tax ID: 56-2148606
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Carolina Farm Credit Aca is a smaller mortgage company specializing in Home Purchase and Refi loans. Carolina Farm Credit Aca has a high proportion of conventional loans. Their top markets by origination volume include: Charlotte, Greensboro, Durham, Winston, and Burlington among others. We have data for 20 markets. (Some data included below & more in-depth data is available with an active subscription.)Carolina Farm Credit Aca 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. Carolina 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 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 | 8.27% | 3/25/24 |
| 30 Year Conventional Refi | 8.18% | 3/25/24 |
| 30 Year FHA Purchase | 6.27% | 3/25/24 |
| 30 Year USDA Purchase | 6.27% | 3/25/24 |
| 15 Year Conventional Purchase | 7.65% | 3/25/24 |
| 15 Year Conventional Refi | 5.68% | 3/25/24 |
| 15 Year Cash-out Refi | 5.68% | 3/25/24 |
| 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. | ||
Carolina 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 Carolina 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
325Origination Dollar Volume (All Markets)
$87,885,000Top 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 |
|---|---|---|---|---|---|
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 91 | $24,895,000 | $273,571 | $4,974 | 4.25% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 43 | $12,195,000 | $283,605 | $4,848 | 4.02% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 34 | $10,750,000 | $316,176 | $5,621 | 4.23% |
| Outside of Metro Areas | 36 | $9,840,000 | $273,333 | $5,217 | 4.37% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 38 | $9,040,000 | $237,895 | $5,037 | 4.44% |
| BURLINGTON, NC (FHA|USDA|VA) | 10 | $3,470,000 | $347,000 | $5,405 | 4.13% |
| Albemarle, NC (FHA|USDA|VA) | 12 | $3,250,000 | $270,833 | $4,900 | 3.93% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 16 | $2,640,000 | $165,000 | $3,394 | 4.08% |
| Shelby, NC (FHA|USDA|VA) | 12 | $2,370,000 | $197,500 | $4,843 | 4.34% |
| Mount Airy, NC (FHA|USDA|VA) | 9 | $2,215,000 | $246,111 | $5,630 | 4.45% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 4 | $1,610,000 | $402,500 | $5,483 | 4.36% |
| ASHEVILLE, NC (FHA|USDA|VA) | 7 | $1,545,000 | $220,714 | $4,984 | 4.10% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $915,000 | $915,000 | $9,493 | 4.75% |
| Boone, NC (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $6,846 | 4.03% |
| Rockingham, NC (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $2,571 | 4.40% |
| Forest City, NC (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $6,316 | 4.60% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $7,160 | 4.99% |
| Marion, NC (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $4,915 | 4.25% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $1,385 | 3.95% |
| North Wilkesboro, NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,465 | 3.75% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against Carolina Farm Credit ACA based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 1040
Similarity Rank: 1157
Similarity Rank: 1260
Similarity Rank: 1930
Similarity Rank: 2556
Similarity Rank: 2873
Similarity Rank: 2982
Similarity Rank: 3096
Similarity Rank: 3180
Similarity Rank: 3424
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 325 | $87,885,000 | $270,415 | $5,020 | 4.24% |
For 2020, Carolina Farm Credit Aca's most frequently originated type of loan was Conventional, with 325 originations.
Loan Reason
For 2020, Carolina Farm Credit Aca's most frequently cited loan purpose was Home Purchase, with 208 originations. The 2nd most popular reason was Refi, with 83 originations.
Loan Duration/Length
For 2020, Carolina Farm Credit Aca's most frequently cited loan duration was 30 Year, with 150 originations. The 2nd most popular length was Other, with 104 originations.
Origination Fees/Closing Costs
Carolina Farm Credit Aca's average total fees were $5,630, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 85 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 165 | $43,985,000 | $266,576 |
| 3-4% | 138 | $39,180,000 | $283,913 |
| 5-6% | 19 | $4,155,000 | $218,684 |
| 2.5-3% | 1 | $355,000 | $355,000 |
| 6-7% | 1 | $45,000 | $45,000 |
During 2020, Carolina Farm Credit Aca's average interest rate for loans was 4.28%, while their most frequently originated rate bucket for loans was 4-5%, with 165 originations.
Loan Sizing
2020 saw Carolina Farm Credit Aca place emphasis on $200k-400k loans with 145 originations, totaling $41,975,000 in origination value.
Applicant Income
Carolina Farm Credit Aca lent most frequently to those with incomes in the $100k-150k range, with 67 originations. The second most popular income band? $150k-250k, with 56 originations.
Applicant Debt to Income Ratio
Carolina Farm Credit Aca lent most frequently to those with DTI ratios of 20-30%, with 81 originations. The next most common DTI ratio? 30-36%, with 62 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications77.64%
Carolina Farm Credit Aca has a below average approval rate.
Pick Rate
Approvals leading to origination52.31%
Carolina Farm Credit Aca 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 | 325 | $87,885,000 | $270,415 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 18 | $2,040,000 | $113,333 |
| Single Family (1-4 Units):Site-Built | 307 | $85,845,000 | $279,625 |