Actors Federal Credit Union Mortgage Rates, Fees & Info
New York, NYLEI: 549300LFHSPQF8FQR548
Tax ID: 13-1993745
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Mortgage Data
Review & Overview
Actors Federal Credit Union is a smaller credit union specializing in Home Purchase and Other loans. Actors Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: New York, Denver, Poughkeepsie, Riverside, and Española among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Actors Federal 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. Actors Federal 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.46% | 4/5/25 |
| 30 Year Conventional Refi | 6.72% | 4/5/25 |
| 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. | ||
Actors Federal Credit Union Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Actors Federal Credit Union. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
21Origination Dollar Volume (All Markets)
$4,575,000Relative Rate
Actors Federal Credit Union's average 30 year fixed mortgage rate was
6.7%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.15%.
Relative Fees (Closing Costs)
Actors Federal Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $6,162.
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 $8,356.
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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 13 | $3,015,000 | $231,923 | $4,145 | 6.93% |
| Outside of Metro Areas | 4 | $1,010,000 | $252,500 | $5,026 | 7.29% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $12,898 | 7.05% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $743 | 7.25% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $193 | 7.75% |
| Española, NM (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $1,155 | 8.25% |
Similar Lenders
We use machine learning to identify the top lenders compared against Actors Federal Credit Union 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 | 21 | $4,575,000 | $217,857 | $4,237 | 7.12% |
For 2024, Actors Federal Credit Union's most frequently originated type of loan was Conventional, with 21 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 13 | $3,585,000 | $275,769 | $6,162 | 6.70% |
| Other | 8 | $990,000 | $123,750 | $1,109 | 7.81% |
For 2024, Actors Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 13 originations. The 2nd most popular reason was Other, with 8 originations.
Loan Duration/Length
For 2024, Actors Federal Credit Union's most frequently cited loan duration was 30 Year, with 13 originations. The 2nd most popular length was 20 Year, with 4 originations.
Origination Fees/Closing Costs
Actors Federal Credit Union's average total fees were $6,162, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 9 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 15 | $3,145,000 | $209,667 |
| 5-6% | 4 | $1,040,000 | $260,000 |
| 6-7% | 1 | $325,000 | $325,000 |
| Over 8% | 1 | $65,000 | $65,000 |
During 2024, Actors Federal Credit Union's average interest rate for loans was 6.70%, while their most frequently originated rate bucket for loans was 7-8%, with 15 originations.
Loan Sizing
2024 saw Actors Federal Credit Union place emphasis on $100k-200k loans with 8 originations, totaling $1,120,000 in origination value.
Applicant Income
Actors Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 12 originations. The second most popular income band? $150k-250k, with 4 originations.
Applicant Debt to Income Ratio
Actors Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 6 originations. The next most common DTI ratio? 30-36%, with 4 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications78.38%
Actors Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination61.90%
Actors Federal Credit Union 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 | 21 | $4,575,000 | $217,857 |