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, Myrtle Beach, Santa Maria, Baltimore, and Louisville among others. We have data for 12 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

64

Origination Dollar Volume (All Markets)

$5,210,000

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) 51 $4,625,000 $90,686 $0 0.00%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $120,000 $60,000 $0 0.00%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
LOUISVILLE, KY (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $50,000 $25,000 $0 0.00%
TUCSON, AZ (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $25,000 $25,000 $0 0.00%
Outside of Metro Areas 1 $25,000 $25,000 $0 0.00%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $15,000 $15,000 $0 0.00%
Agriculture Federal Credit Union's top markets include Washington, Myrtle Beach, Santa Maria, Baltimore, and Louisville among others.

Their top states include:
  • Virginia (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • District of Columbia (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 64 $5,210,000 $81,406 $0 0.00%

    For 2021, Agriculture Federal Credit Union's most frequently originated type of loan was Conventional, with 64 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 64 $5,210,000 $81,406 $0 0.00%

    For 2021, Agriculture Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 64 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 64 $5,210,000 $81,406 $0 0.00%

    For 2021, Agriculture Federal Credit Union's most frequently cited loan duration was Other, with 64 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 48 $2,360,000 $49,167 $0 0.00%
    $100k-200k 8 $960,000 $120,000 $0 0.00%
    $200k-400k 8 $1,890,000 $236,250 $0 0.00%

    2021 saw Agriculture Federal Credit Union place emphasis on $100,000 or less loans with 48 originations, totaling $2,360,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 23 $1,915,000 $83,261 $0 0.00%
    $100k-150k 16 $1,220,000 $76,250 $0 0.00%
    $250k+ 12 $1,540,000 $128,333 $0 0.00%
    $75k-100k 7 $355,000 $50,714 $0 0.00%
    $50k-75k 6 $180,000 $30,000 $0 0.00%

    Agriculture Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 23 originations. The second most popular income band? $100k-150k, with 16 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 64 $5,210,000 $81,406 $0 0.00%

    Agriculture Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 64 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 25 $2,275,000 $91,000 $0 0.00%
    Not provided 22 $1,420,000 $64,545 $0 0.00%
    Black 14 $1,110,000 $79,286 $0 0.00%
    Asian 2 $330,000 $165,000 $0 0.00%
    Not applicable 1 $75,000 $75,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    83.61%

    Agriculture Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    57.81%

    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 64 $5,210,000 $81,406

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    64 $5,210,000 $81,406