Farm Credit East Aca Mortgage Rates, Fees & Info

Enfield, CT

LEI: 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. They have a low ratio of USDA loans. Their top markets by origination volume include: New York, Rochester, Philadelphia, Utica, and Jamestown among others. We have data for 61 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 an average 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
30 Year Conventional Purchase 6.81% 12/16/24
30 Year Conventional Refi 6.86% 12/16/24
30 Year Cash-out Refi 6.67% 12/16/24
30 Year USDA Refi 6.87% 12/16/24
15 Year Conventional Purchase 6.94% 12/16/24
15 Year Conventional Refi 6.67% 12/16/24
15 Year Cash-out Refi 6.67% 12/16/24
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

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Farm Credit East Aca. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

519

Origination Dollar Volume (All Markets)

$161,375,000

Top Markets

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    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
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 36 $24,400,000 $677,778 $10,958 5.01%
    ROCHESTER, NY (FHA|USDA|VA) 64 $17,520,000 $273,750 $6,642 4.98%
    Outside of Metro Areas 59 $13,325,000 $225,847 $5,868 5.39%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 19 $7,375,000 $388,158 $8,123 5.39%
    UTICA-ROME, NY (FHA|USDA|VA) 28 $7,190,000 $256,786 $6,781 5.35%
    Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) 36 $6,440,000 $178,889 $5,846 5.44%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 16 $6,110,000 $381,875 $5,883 4.97%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 7 $4,795,000 $685,000 $18,083 4.90%
    SYRACUSE, NY (FHA|USDA|VA) 20 $4,410,000 $220,500 $5,818 5.46%
    WORCESTER, MA-CT (FHA|USDA|VA) 12 $4,000,000 $333,333 $8,274 5.66%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 8 $3,690,000 $461,250 $8,007 4.61%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 5 $3,625,000 $725,000 $11,782 5.16%
    WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) 15 $3,455,000 $230,333 $7,059 5.19%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 8 $3,260,000 $407,500 $5,701 5.14%
    Olean, NY (FHA|USDA|VA) 16 $3,260,000 $203,750 $5,855 5.09%
    GLENS FALLS, NY (FHA|USDA|VA) 14 $2,940,000 $210,000 $5,819 5.42%
    SPRINGFIELD, MA (FHA|USDA|VA) 10 $2,860,000 $286,000 $6,897 5.52%
    Seneca Falls, NY (FHA|USDA|VA) 13 $2,615,000 $201,154 $5,471 5.12%
    Corning, NY (FHA|USDA|VA) 12 $2,340,000 $195,000 $4,690 5.25%
    Auburn, NY (FHA|USDA|VA) 8 $2,270,000 $283,750 $6,584 5.28%
    Amsterdam, NY (FHA|USDA|VA) 14 $2,250,000 $160,714 $4,570 5.46%
    Oneonta, NY (FHA|USDA|VA) 11 $1,935,000 $175,909 $5,607 5.54%
    VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 6 $1,910,000 $318,333 $7,519 6.13%
    Hudson, NY (FHA|USDA|VA) 5 $1,885,000 $377,000 $5,225 5.36%
    Key West, FL (FHA|USDA|VA) 1 $1,855,000 $1,855,000 $7,257 4.15%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 5 $1,815,000 $363,000 $8,098 6.17%
    Rutland, VT (FHA|USDA|VA) 2 $1,750,000 $875,000 $7,801 5.60%
    Batavia, NY (FHA|USDA|VA) 7 $1,575,000 $225,000 $6,429 5.34%
    OCEAN CITY, NJ (FHA|USDA|VA) 1 $1,455,000 $1,455,000 $43,668 5.20%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 3 $1,335,000 $445,000 $9,188 5.12%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 3 $1,325,000 $441,667 $10,933 4.95%
    Torrington, CT (FHA|USDA|VA) 1 $1,275,000 $1,275,000 $0 7.20%
    ITHACA, NY (FHA|USDA|VA) 5 $1,075,000 $215,000 $6,490 4.19%
    Ogdensburg-Massena, NY (FHA|USDA|VA) 7 $1,075,000 $153,571 $3,360 5.46%
    PITTSFIELD, MA (FHA|USDA|VA) 4 $1,030,000 $257,500 $12,704 4.38%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $805,000 $805,000 $13,818 5.70%
    BINGHAMTON, NY (FHA|USDA|VA) 4 $800,000 $200,000 $6,625 6.81%
    Lebanon, NH-VT (FHA|USDA|VA) 2 $760,000 $380,000 $5,007 6.53%
    OCALA, FL (FHA|USDA|VA) 1 $755,000 $755,000 $8,213 6.95%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $755,000 $755,000 $5,540 6.75%
    BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 2 $750,000 $375,000 $5,325 6.23%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $735,000 $735,000 $6,578 6.30%
    BANGOR, ME (FHA|USDA|VA) 2 $700,000 $350,000 $8,033 6.65%
    Augusta-Waterville, ME (FHA|USDA|VA) 2 $570,000 $285,000 $2,540 7.20%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $555,000 $555,000 $6,341 6.45%
    Gloversville, NY (FHA|USDA|VA) 3 $535,000 $178,333 $7,123 5.22%
    KINGSTON, NY (FHA|USDA|VA) 1 $505,000 $505,000 $14,717 4.00%
    Malone, NY (FHA|USDA|VA) 2 $460,000 $230,000 $12,775 3.75%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $455,000 $455,000 $0 5.70%
    Laconia, NH (FHA|USDA|VA) 1 $435,000 $435,000 $0 3.75%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $385,000 $385,000 $0 6.25%
    Cortland, NY (FHA|USDA|VA) 2 $320,000 $160,000 $5,100 6.38%
    Plattsburgh, NY (FHA|USDA|VA) 2 $270,000 $135,000 $4,709 5.58%
    Bennington, VT (FHA|USDA|VA) 1 $255,000 $255,000 $1,900 6.85%
    Concord, NH (FHA|USDA|VA) 1 $245,000 $245,000 $4,095 5.70%
    Keene, NH (FHA|USDA|VA) 1 $225,000 $225,000 $5,235 4.40%
    SALISBURY, MD-DE (FHA|USDA|VA) 1 $205,000 $205,000 $6,963 5.75%
    Barre, VT (FHA|USDA|VA) 1 $165,000 $165,000 $3,174 7.25%
    Warren, PA (FHA|USDA|VA) 1 $125,000 $125,000 $3,334 4.25%
    ERIE, PA (FHA|USDA|VA) 1 $125,000 $125,000 $4,979 6.10%
    ELMIRA, NY (FHA|USDA|VA) 1 $55,000 $55,000 $1,839 5.90%
    Farm Credit East Aca's top markets include New York, Rochester, Philadelphia, Utica, and Jamestown among others.

    Their top states include:
  • New York (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)
  • Connecticut (FHA|USDA|VA)
  • Vermont (FHA|USDA|VA)
  • 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.

    SECNY Federal Credit Union
    Similarity Rank: 22
    Pittsford Federal Credit Union
    Similarity Rank: 24
    Bank of Richmondville
    Similarity Rank: 24
    RSI BANK
    Similarity Rank: 30
    QUINCY CREDIT UNION
    Similarity Rank: 50
    Schuyler Savings Bank
    Similarity Rank: 51
    HOMEFIELD
    Similarity Rank: 72

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 518 $161,180,000 $311,158 $6,953 5.30%
    USDA 1 $195,000 $195,000 $7,010 5.80%

    For 2022, Farm Credit East Aca's most frequently originated type of loan was Conventional, with 518 originations. Their 2nd most popular type was USDA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 349 $113,325,000 $324,713 $7,162 5.47%
    Refi 105 $27,395,000 $260,905 $6,018 4.79%
    Home Improvement 47 $15,255,000 $324,574 $8,104 5.18%
    Other 17 $5,235,000 $307,941 $5,485 5.48%
    Cash Out Refi 1 $165,000 $165,000 $5,275 3.35%

    For 2022, Farm Credit East Aca's most frequently cited loan purpose was Home Purchase, with 349 originations. The 2nd most popular reason was Refi, with 105 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 390 $134,080,000 $343,795 $7,494 5.39%
    20 Year 64 $13,080,000 $204,375 $5,175 5.07%
    15 Year 46 $9,580,000 $208,261 $5,477 4.96%
    10 Year 8 $820,000 $102,500 $3,951 4.78%
    Other 7 $3,155,000 $450,714 $5,492 4.87%
    5 Year 3 $635,000 $211,667 $2,862 5.60%
    3 Year 1 $25,000 $25,000 $0 6.25%

    For 2022, Farm Credit East Aca's most frequently cited loan duration was 30 Year, with 390 originations. The 2nd most popular length was 20 Year, with 64 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 131 $27,735,000 $211,718
    $5k+ 100 $45,230,000 $452,300
    $2k-3k 79 $20,855,000 $263,987
    $3k-4k 78 $21,190,000 $271,667
    $4k-5k 44 $17,800,000 $404,545
    $<1k 33 $10,205,000 $309,242

    Farm Credit East Aca's average total fees were $7,494, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 131 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 161 $49,955,000 $310,280
    4-5% 137 $44,705,000 $326,314
    6-7% 103 $30,305,000 $294,223
    3-4% 80 $23,340,000 $291,750
    7-8% 36 $12,830,000 $356,389
    2.5-3% 1 $125,000 $125,000
    Over 8% 1 $115,000 $115,000

    During 2022, Farm Credit East Aca's average interest rate for loans was 5.39%, while their most frequently originated rate bucket for loans was 5-6%, with 161 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 174 $25,170,000 $144,655 $4,675 5.28%
    $200k-400k 171 $48,745,000 $285,058 $6,962 5.23%
    $400k-600k 77 $36,565,000 $474,870 $10,023 5.18%
    $100,000 or less 48 $3,320,000 $69,167 $3,590 5.74%
    $600k-1MM 33 $23,775,000 $720,455 $11,291 5.45%
    $1MM+ 16 $23,800,000 $1,487,500 $18,008 5.31%

    2022 saw Farm Credit East Aca place emphasis on $100k-200k loans with 174 originations, totaling $25,170,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 112 $28,810,000 $257,232 $6,971 5.36%
    $50k or less 91 $15,885,000 $174,560 $5,189 5.23%
    $150k-250k 90 $35,350,000 $392,778 $8,117 5.27%
    $50k-75k 80 $13,380,000 $167,250 $4,786 5.34%
    $75k-100k 74 $18,100,000 $244,595 $6,567 5.20%
    $250k+ 48 $34,500,000 $718,750 $10,473 5.37%

    Farm Credit East Aca lent most frequently to those with incomes in the $100k-150k range, with 112 originations. The second most popular income band? $50k or less, with 91 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 97 $25,465,000 $262,526 $6,070 5.20%
    30-36% 78 $26,950,000 $345,513 $7,176 5.30%
    >60% 42 $13,040,000 $310,476 $6,714 5.13%
    <20% 30 $8,420,000 $280,667 $7,166 5.06%
    39% 30 $8,400,000 $280,000 $8,035 5.27%
    50-60% 26 $6,900,000 $265,385 $6,963 5.15%
    37% 24 $10,220,000 $425,833 $7,332 5.21%
    43% 20 $5,050,000 $252,500 $7,225 5.45%
    36% 20 $6,720,000 $336,000 $6,437 5.22%
    38% 19 $5,875,000 $309,211 $6,975 5.45%
    42% 17 $4,475,000 $263,235 $8,122 5.40%
    41% 16 $3,890,000 $243,125 $6,424 5.32%
    40% 14 $5,020,000 $358,571 $6,359 5.04%
    45% 13 $4,915,000 $378,077 $6,392 5.42%
    44% 12 $3,430,000 $285,833 $7,300 5.70%
    48% 8 $1,800,000 $225,000 $6,243 4.78%
    46% 5 $4,885,000 $977,000 $24,521 5.12%
    49% 5 $1,165,000 $233,000 $7,927 5.61%
    47% 4 $1,030,000 $257,500 $9,879 5.49%

    Farm Credit East Aca lent most frequently to those with DTI ratios of 20-30%, with 97 originations. The next most common DTI ratio? 30-36%, with 78 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 435 $127,835,000 $293,874 $6,692 5.30%
    Not provided 55 $16,885,000 $307,000 $7,352 5.33%
    Not applicable 20 $14,020,000 $701,000 $12,027 5.29%
    Asian 4 $1,370,000 $342,500 $9,675 5.78%
    American Indian 3 $655,000 $218,333 $4,574 4.73%
    Black 2 $610,000 $305,000 $12,627 4.68%

    Approval Rates

    Total approvals of all applications
    94.77%

    Farm Credit East Aca has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.08%

    Farm Credit East Aca has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 519 $161,375,000 $310,934

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    519 $161,375,000 $310,934

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 50 $10,810,000 $216,200 $5,412 5.63%
    40-60% 92 $27,300,000 $296,739 $7,215 5.24%
    60-80% 236 $72,570,000 $307,500 $7,347 5.14%
    80-100% 130 $48,960,000 $376,615 $6,933 5.45%
    Under 20% 11 $1,735,000 $157,727 $4,174 5.90%