Agriculture Federal Credit Union Mortgage Rates, Fees & Info

Washington, DC

LEI: 549300P5JG6WBCSZ7M53

Tax ID: 53-0176413

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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

33

Origination Dollar Volume (All Markets)

$1,985,000

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
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%
Agriculture Federal Credit Union's top markets include Washington, Baltimore, Las Vegas, Deltona, and Charlottesville among others.

Their top states include:
  • Virginia (FHA|USDA|VA)
  • District of Columbia (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • 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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 9 $405,000 $45,000 $0 5.68%
    15 Year 9 $955,000 $106,111 $0 5.97%
    5 Year 8 $260,000 $32,500 $0 5.02%
    20 Year 5 $325,000 $65,000 $0 5.79%
    Other 2 $40,000 $20,000 $0 7.37%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 28 $1,140,000 $40,714 $0 5.75%
    $100k-200k 3 $335,000 $111,667 $0 5.41%
    $200k-400k 2 $510,000 $255,000 $0 5.75%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 11 $855,000 $77,727 $0 5.45%
    $100k-150k 10 $430,000 $43,000 $0 6.32%
    $50k-75k 6 $240,000 $40,000 $0 5.37%
    $75k-100k 3 $105,000 $35,000 $0 5.49%
    $250k+ 2 $330,000 $165,000 $0 5.87%
    $50k or less 1 $25,000 $25,000 $0 5.24%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 11 $525,000 $47,727 $0 5.29%
    <20% 5 $245,000 $49,000 $0 4.99%
    50-60% 4 $210,000 $52,500 $0 6.43%
    30-36% 4 $170,000 $42,500 $0 6.87%
    46% 3 $555,000 $185,000 $0 5.66%
    39% 1 $25,000 $25,000 $0 5.24%
    42% 1 $65,000 $65,000 $0 5.74%
    38% 1 $105,000 $105,000 $0 5.25%
    48% 1 $25,000 $25,000 $0 8.74%
    49% 1 $15,000 $15,000 $0 5.24%
    36% 1 $45,000 $45,000 $0 5.24%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 20 $1,140,000 $57,000 $0 5.23%
    Black 11 $695,000 $63,182 $0 6.38%
    Not provided 1 $125,000 $125,000 $0 5.24%
    American Indian 1 $25,000 $25,000 $0 8.74%

    Approval Rates

    Total approvals of all applications
    64.56%

    Agriculture Federal Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    66.67%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 33 $1,985,000 $60,152

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 4 $490,000 $122,500 $0 6.31%
    40-60% 1 $255,000 $255,000 $0 6.25%
    Under 20% 28 $1,240,000 $44,286 $0 5.62%