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 loans. Actors Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: New York, Los Angeles, Boston, Chicago, and Ocean City among others. We have data for 33 markets. (Some data included below & more in-depth data is available with an active subscription.)Actors Federal Credit Union has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Actors Federal Credit Union 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 4.68% | 5/4/24 |
| 30 Year Conventional Refi | 5.64% | 5/4/24 |
| 30 Year Cash-out Refi | 4.96% | 5/4/24 |
| 15 Year Conventional Refi | 5.35% | 5/4/24 |
| 15 Year Cash-out Refi | 5.35% | 5/4/24 |
| 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. | ||
Actors Federal Credit Union Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
146Origination Dollar Volume (All Markets)
$60,290,000Awards
Actors Federal Credit Union - 2022
Actors Federal Credit Union 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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 83 | $35,465,000 | $427,289 | $5,838 | 3.08% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 8 | $6,190,000 | $773,750 | $8,306 | 3.20% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 4 | $2,400,000 | $600,000 | $7,491 | 3.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 8 | $1,770,000 | $221,250 | $4,324 | 3.56% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $1,165,000 | $1,165,000 | $13,118 | 3.00% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 3 | $1,145,000 | $381,667 | $5,314 | 2.92% |
| Outside of Metro Areas | 4 | $1,020,000 | $255,000 | $4,137 | 3.38% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $950,000 | $475,000 | $3,440 | 3.13% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 2 | $920,000 | $460,000 | $6,135 | 3.13% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 3 | $855,000 | $285,000 | $3,667 | 3.75% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $6,199 | 3.13% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $5,302 | 3.13% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $4,876 | 3.38% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $4,710 | 2.88% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $7,593 | 3.13% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $7,394 | 3.00% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $6,843 | 3.50% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $6,813 | 4.00% |
| Española, NM (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $7,043 | 3.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $3,275 | 3.13% |
| Clearlake, CA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,898 | 3.25% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,593 | 3.00% |
| Hudson, NY (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,268 | 3.00% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,925 | 2.75% |
| Brevard, NC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,050 | 4.00% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,498 | 4.25% |
| Lebanon, NH-VT (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,285 | 4.00% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $915 | 3.75% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,951 | 3.00% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,890 | 3.50% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,405 | 4.25% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,445 | 2.75% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,335 | 3.00% |
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 146 | $60,290,000 | $412,945 | $5,593 | 3.17% |
For 2022, Actors Federal Credit Union's most frequently originated type of loan was Conventional, with 146 originations.
Loan Reason
For 2022, Actors Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 94 originations. The 2nd most popular reason was Cash Out Refi, with 30 originations.
Loan Duration/Length
For 2022, Actors Federal Credit Union's most frequently cited loan duration was 30 Year, with 125 originations. The 2nd most popular length was 20 Year, with 12 originations.
Origination Fees/Closing Costs
Actors Federal Credit Union's average total fees were $5,970, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 50 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 79 | $36,805,000 | $465,886 |
| 3-4% | 54 | $20,070,000 | $371,667 |
| <2.5% | 8 | $1,920,000 | $240,000 |
| 4-5% | 5 | $1,495,000 | $299,000 |
During 2022, Actors Federal Credit Union's average interest rate for loans was 3.17%, while their most frequently originated rate bucket for loans was 2.5-3%, with 79 originations.
Loan Sizing
2022 saw Actors Federal Credit Union place emphasis on $200k-400k loans with 59 originations, totaling $17,215,000 in origination value.
Applicant Income
Actors Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 48 originations. The second most popular income band? $150k-250k, with 36 originations.
Applicant Debt to Income Ratio
Actors Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 33 originations. The next most common DTI ratio? 30-36%, with 26 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.05%
Actors Federal Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination96.58%
Actors Federal Credit Union has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 146 | $60,290,000 | $412,945 |