Farm Credit East Aca Mortgage Rates, Fees & Info
Enfield, CTLEI: 549300S5NLOTO329NX77
Tax ID: 06-0800610
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Mortgage Data
Review & Overview
Farm Credit East Aca is a smaller mortgage company specializing in Home Purchase loans. Farm Credit East Aca has a high proportion of conventional loans. Their top markets by origination volume include: New York, Rochester, Albany, Jamestown, and Syracuse among others. We have data for 53 markets. (Some data included below & more in-depth data is available with an active subscription.)Farm Credit East Aca has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Farm Credit East Aca is typically a low 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 relatively high 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 7.42% | 4/16/25 |
| 30 Year Conventional Purchase | 6.89% | 4/16/25 |
| 30 Year Conventional Refi | 6.95% | 4/16/25 |
| 15 Year Conventional Purchase | 6.83% | 4/16/25 |
| 15 Year Conventional Refi | 6.57% | 4/16/25 |
| 15 Year Cash-out Refi | 6.57% | 4/16/25 |
| 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. | ||
Farm Credit East Aca Mortgage Calculator
Your Estimates
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This is not an official calculator from Farm Credit East Aca. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
536Origination Dollar Volume (All Markets)
$168,330,000Relative Rate
Farm Credit East Aca's average 30 year fixed mortgage rate was
7.36%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.81%.
Relative Fees (Closing Costs)
Farm Credit East Aca's average total fees/closing costs for a 30 year fixed rate
mortgage were $6,160.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $8,356.
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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 94 | $26,660,000 | $283,617 | $5,569 | 7.25% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 22 | $18,890,000 | $858,636 | $10,472 | 7.07% |
| ROCHESTER, NY (FHA|USDA|VA) | 40 | $11,110,000 | $277,750 | $5,653 | 7.19% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 22 | $8,330,000 | $378,636 | $6,860 | 7.23% |
| Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) | 34 | $7,580,000 | $222,941 | $5,364 | 7.31% |
| SYRACUSE, NY (FHA|USDA|VA) | 27 | $7,475,000 | $276,852 | $5,870 | 7.48% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 21 | $7,255,000 | $345,476 | $6,340 | 7.11% |
| UTICA-ROME, NY (FHA|USDA|VA) | 32 | $5,540,000 | $173,125 | $4,697 | 7.28% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 10 | $5,070,000 | $507,000 | $8,338 | 7.13% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 7 | $4,645,000 | $663,571 | $7,299 | 7.09% |
| Olean, NY (FHA|USDA|VA) | 13 | $4,405,000 | $338,846 | $5,724 | 7.62% |
| Hudson, NY (FHA|USDA|VA) | 9 | $3,955,000 | $439,444 | $6,443 | 7.17% |
| GLENS FALLS, NY (FHA|USDA|VA) | 12 | $3,680,000 | $306,667 | $5,090 | 7.14% |
| Auburn, NY (FHA|USDA|VA) | 12 | $3,640,000 | $303,333 | $4,879 | 7.33% |
| Ogdensburg-Massena, NY (FHA|USDA|VA) | 15 | $3,335,000 | $222,333 | $4,934 | 7.56% |
| Corning, NY (FHA|USDA|VA) | 15 | $3,185,000 | $212,333 | $5,577 | 7.21% |
| BINGHAMTON, NY (FHA|USDA|VA) | 10 | $3,150,000 | $315,000 | $5,256 | 7.80% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 9 | $2,875,000 | $319,444 | $5,866 | 7.10% |
| WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) | 15 | $2,795,000 | $186,333 | $4,256 | 7.24% |
| Amsterdam, NY (FHA|USDA|VA) | 10 | $2,550,000 | $255,000 | $3,752 | 7.34% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 9 | $2,495,000 | $277,222 | $4,423 | 7.13% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 8 | $2,470,000 | $308,750 | $5,394 | 7.39% |
| Oneonta, NY (FHA|USDA|VA) | 12 | $2,310,000 | $192,500 | $5,503 | 7.18% |
| Concord, NH (FHA|USDA|VA) | 8 | $2,310,000 | $288,750 | $4,283 | 7.41% |
| Seneca Falls, NY (FHA|USDA|VA) | 8 | $1,730,000 | $216,250 | $4,689 | 7.21% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 3 | $1,505,000 | $501,667 | $8,035 | 7.20% |
| BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) | 4 | $1,490,000 | $372,500 | $6,948 | 8.01% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 3 | $1,425,000 | $475,000 | $8,569 | 6.67% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 2 | $1,400,000 | $700,000 | $4,786 | 6.98% |
| Barre, VT (FHA|USDA|VA) | 2 | $1,340,000 | $670,000 | $6,908 | 7.43% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 1 | $1,205,000 | $1,205,000 | $6,010 | 6.80% |
| Malone, NY (FHA|USDA|VA) | 5 | $1,095,000 | $219,000 | $4,701 | 7.09% |
| Rutland, VT (FHA|USDA|VA) | 3 | $1,085,000 | $361,667 | $7,564 | 8.28% |
| Lebanon, NH-VT (FHA|USDA|VA) | 3 | $1,055,000 | $351,667 | $4,887 | 7.58% |
| Batavia, NY (FHA|USDA|VA) | 3 | $995,000 | $331,667 | $5,444 | 7.77% |
| ITHACA, NY (FHA|USDA|VA) | 4 | $930,000 | $232,500 | $4,929 | 7.31% |
| Berlin, NH (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $5,419 | 8.02% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $5,752 | 7.87% |
| Warren, PA (FHA|USDA|VA) | 4 | $750,000 | $187,500 | $3,726 | 7.46% |
| Cortland, NY (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $5,296 | 8.07% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $695,000 | $695,000 | $15,682 | 6.80% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $5,345 | 7.53% |
| Gloversville, NY (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $7,960 | 7.65% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $0 | 6.70% |
| ERIE, PA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $5,780 | 7.75% |
| Bennington, VT (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $6,075 | 7.15% |
| BANGOR, ME (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $3,109 | 7.30% |
| Plattsburgh, NY (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $6,615 | 8.75% |
| OCALA, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,795 | 7.25% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,916 | 6.90% |
| LEWISTON-AUBURN, ME (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 9.25% |
| Laconia, NH (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $4,121 | 8.65% |
| PITTSFIELD, MA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $5,790 | 8.80% |
Similar Lenders
We use machine learning to identify the top lenders compared against Farm Credit East ACA based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 535 | $168,025,000 | $314,065 | $5,782 | 7.30% |
| HELOC | 1 | $305,000 | $305,000 | n/a | 7.40% |
For 2024, Farm Credit East Aca's most frequently originated type of loan was Conventional, with 535 originations. Their 2nd most popular type was HELOC, with 1 originations.
Loan Reason
For 2024, Farm Credit East Aca's most frequently cited loan purpose was Home Purchase, with 396 originations. The 2nd most popular reason was Home Improvement, with 75 originations.
Loan Duration/Length
For 2024, Farm Credit East Aca's most frequently cited loan duration was 30 Year, with 432 originations. The 2nd most popular length was 15 Year, with 36 originations.
Origination Fees/Closing Costs
Farm Credit East Aca's average total fees were $6,160, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 203 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 243 | $76,755,000 | $315,864 |
| 7-8% | 153 | $47,715,000 | $311,863 |
| Over 8% | 133 | $42,775,000 | $321,617 |
| 5-6% | 7 | $1,085,000 | $155,000 |
During 2024, Farm Credit East Aca's average interest rate for loans was 7.36%, while their most frequently originated rate bucket for loans was 6-7%, with 243 originations.
Loan Sizing
2024 saw Farm Credit East Aca place emphasis on $200k-400k loans with 195 originations, totaling $55,205,000 in origination value.
Applicant Income
Farm Credit East Aca lent most frequently to those with incomes in the $100k-150k range, with 138 originations. The second most popular income band? $150k-250k, with 106 originations.
Applicant Debt to Income Ratio
Farm Credit East Aca lent most frequently to those with DTI ratios of 20-30%, with 75 originations. The next most common DTI ratio? 30-36%, with 75 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.70%
Farm Credit East Aca has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination86.38%
Farm Credit East Aca has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 536 | $168,330,000 | $314,049 |