Agriculture Federal Credit Union Mortgage Rates, Fees & Info
Washington, DCLEI: 549300P5JG6WBCSZ7M53
Tax ID: 53-0176413
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Agriculture Federal Credit Union is a smaller credit union specializing in Home Improvement loans. Agriculture Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Washington, Baltimore, Las Vegas, Deltona, and Charlottesville among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Agriculture Federal Credit Union has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
33Origination Dollar Volume (All Markets)
$1,985,000Top 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 |
|---|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 26 | $1,760,000 | $67,692 | $0 | 5.92% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.49% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 5.25% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 5.99% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 4.99% |
| Outside of Metro Areas | 1 | $15,000 | $15,000 | $0 | 4.49% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 4.74% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 4.74% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 28 | $1,290,000 | $46,071 | $0 | 5.78% |
| HELOC | 5 | $695,000 | $139,000 | n/a | 5.40% |
For 2018, Agriculture Federal Credit Union's most frequently originated type of loan was Conventional, with 28 originations. Their 2nd most popular type was HELOC, with 5 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Improvement | 33 | $1,985,000 | $60,152 | $0 | 5.72% |
For 2018, Agriculture Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 33 originations.
Loan Duration/Length
For 2018, Agriculture Federal Credit Union's most frequently cited loan duration was 10 Year, with 9 originations. The 2nd most popular length was 15 Year, with 9 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 19 | $1,255,000 | $66,053 |
| 4-5% | 8 | $250,000 | $31,250 |
| 6-7% | 3 | $365,000 | $121,667 |
| Over 8% | 3 | $115,000 | $38,333 |
During 2018, Agriculture Federal Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 19 originations.
Loan Sizing
2018 saw Agriculture Federal Credit Union place emphasis on $100,000 or less loans with 28 originations, totaling $1,140,000 in origination value.
Applicant Income
Agriculture Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 11 originations. The second most popular income band? $100k-150k, with 10 originations.
Applicant Debt to Income Ratio
Agriculture Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 11 originations. The next most common DTI ratio? <20%, with 5 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications64.56%
Agriculture Federal Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination66.67%
Agriculture 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 | 33 | $1,985,000 | $60,152 |