Agriculture Federal Credit Union Mortgage Rates, Fees & Info
Washington, DCLEI: 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, Hammond, Baltimore, Phoenix, and Tucson among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Agriculture 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.
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Originations
39Origination Dollar Volume (All Markets)
$2,165,000Top 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) | 33 | $1,935,000 | $58,636 | $0 | 0.00% |
| HAMMOND, LA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 2 | $60,000 | $30,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 39 | $2,165,000 | $55,513 | $0 | 0.00% |
For 2019, Agriculture Federal Credit Union's most frequently originated type of loan was Conventional, with 39 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Improvement | 39 | $2,165,000 | $55,513 | $0 | 0.00% |
For 2019, Agriculture Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 39 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 39 | $2,165,000 | $55,513 | $0 | 0.00% |
For 2019, Agriculture Federal Credit Union's most frequently cited loan duration was Other, with 39 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 32 | $1,300,000 | $40,625 | $0 | 0.00% |
| $100k-200k | 7 | $865,000 | $123,571 | $0 | 0.00% |
2019 saw Agriculture Federal Credit Union place emphasis on $100,000 or less loans with 32 originations, totaling $1,300,000 in origination value.
Applicant Income
Agriculture Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 10 originations. The second most popular income band? $150k-250k, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 39 | $2,165,000 | $55,513 | $0 | 0.00% |
Agriculture Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 39 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications75.29%
Agriculture Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination53.85%
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 |
|---|---|---|---|
| Exempt | 39 | $2,165,000 | $55,513 |