Allegacy Federal Credit Union Mortgage Rates, Fees & Info
Winston-Salem, NCLEI: 549300TQWW6MLVH6KY61
Tax ID: 56-6087383
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Allegacy Federal Credit Union is a smaller credit union specializing in Refi and Home Purchase loans. Allegacy Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Winston, Charlotte, Greensboro, Atlanta, and Raleigh among others. We have data for 70 markets. (Some data included below & more in-depth data is available with an active subscription.)Allegacy 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. Allegacy Federal Credit Union 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 about average 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 12/16/24 |
| 30 Year Conventional Purchase | 6.62% | 12/16/24 |
| 30 Year Conventional Refi | 6.29% | 12/16/24 |
| 30 Year Cash-out Refi | 6.68% | 12/16/24 |
| 30 Year USDA Purchase | 6.27% | 12/16/24 |
| 15 Year Conventional Purchase | 4.89% | 12/16/24 |
| 15 Year Conventional Refi | 4.57% | 12/16/24 |
| 15 Year Cash-out Refi | 4.57% | 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. | ||
Allegacy Federal Credit Union Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Allegacy Federal Credit Union. 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
1,768Origination Dollar Volume (All Markets)
$271,290,000Awards
ALLEGACY FEDERAL CREDIT UNION - 2023
ALLEGACY FEDERAL CREDIT UNION is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Allegacy Federal Credit Union's average 30 year fixed mortgage rate was
3.33%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -3.15%.
Relative Fees (Closing Costs)
Allegacy Federal Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,911.
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 $9,089.
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 |
|---|---|---|---|---|---|
| WINSTON-SALEM, NC (FHA|USDA|VA) | 972 | $122,520,000 | $126,049 | $2,384 | 3.48% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 277 | $60,645,000 | $218,935 | $3,888 | 3.97% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 153 | $21,575,000 | $141,013 | $2,907 | 3.63% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 62 | $10,600,000 | $170,968 | $983 | 4.37% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 42 | $9,140,000 | $217,619 | $4,461 | 3.67% |
| Mount Airy, NC (FHA|USDA|VA) | 47 | $5,575,000 | $118,617 | $2,162 | 3.38% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 27 | $5,475,000 | $202,778 | $3,747 | 4.21% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 11 | $2,965,000 | $269,545 | $5,140 | 3.95% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 16 | $2,900,000 | $181,250 | $4,514 | 4.81% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 6 | $2,450,000 | $408,333 | $5,933 | 7.27% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 12 | $2,010,000 | $167,500 | $2,901 | 3.53% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 6 | $1,980,000 | $330,000 | $6,309 | 4.58% |
| ASHEVILLE, NC (FHA|USDA|VA) | 5 | $1,695,000 | $339,000 | $6,812 | 5.00% |
| RICHMOND, VA (FHA|USDA|VA) | 6 | $1,530,000 | $255,000 | $0 | 3.20% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 6 | $1,310,000 | $218,333 | $5,055 | 3.64% |
| Outside of Metro Areas | 12 | $1,280,000 | $106,667 | $259 | 3.48% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $1,010,000 | $505,000 | $8,438 | 6.13% |
| WILMINGTON, NC (FHA|USDA|VA) | 9 | $965,000 | $107,222 | $280 | 3.15% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 9 | $875,000 | $97,222 | $385 | 2.65% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 4 | $850,000 | $212,500 | $574 | 5.78% |
| BURLINGTON, NC (FHA|USDA|VA) | 4 | $750,000 | $187,500 | $4,638 | 3.90% |
| Georgetown, SC (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $9,663 | 4.43% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 4 | $670,000 | $167,500 | $3,050 | 4.77% |
| Morehead City, NC (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $5,505 | 5.50% |
| Boone, NC (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $10,444 | 8.06% |
| SAVANNAH, GA (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $7,033 | 4.75% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $0 | 5.62% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 4 | $520,000 | $130,000 | $5,347 | 2.62% |
| Shelby, NC (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $0 | 4.42% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $0 | 5.62% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $21,231 | 5.75% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $0 | 1.99% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $0 | 1.99% |
| COLUMBIA, SC (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $0 | 3.37% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 9.00% |
| Forest City, NC (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $5,978 | 4.31% |
| Jefferson, GA (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $4,739 | 4.37% |
| Washington, NC (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $0 | 5.25% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 9.50% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $0 | 3.49% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $8,206 | 6.50% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $6,193 | 7.00% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 3 | $285,000 | $95,000 | $0 | 1.99% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,370 | 5.25% |
| Martinsville, VA (FHA|USDA|VA) | 3 | $265,000 | $88,333 | $19 | 3.27% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 9.25% |
| Wilson, NC (FHA|USDA|VA) | 3 | $215,000 | $71,667 | $70 | 3.11% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,855 | 5.75% |
| GOLDSBORO, NC (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 1.99% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 8.25% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 9.25% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,152 | 6.13% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 1.99% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 1.99% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 9.00% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 1.99% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 1.99% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 1.99% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 1.99% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 1.99% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 1.99% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 1.99% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 1.99% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 1.99% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 1.99% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 1.99% |
| WILLIAMSPORT, PA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $184 | 9.75% |
| Elizabeth City, NC (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 1.99% |
| North Wilkesboro, NC (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 1.99% |
| Albemarle, NC (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 1.99% |
Similar Lenders
We use machine learning to identify the top lenders compared against ALLEGACY FEDERAL CREDIT UNION 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 |
|---|---|---|---|---|---|
| HELOC | 1,235 | $148,415,000 | $120,174 | n/a | 2.71% |
| Conventional | 533 | $122,875,000 | $230,535 | $2,914 | 5.94% |
For 2023, Allegacy Federal Credit Union's most frequently originated type of loan was HELOC, with 1,235 originations. Their 2nd most popular type was Conventional, with 533 originations.
Loan Reason
For 2023, Allegacy Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 496 originations. The 2nd most popular reason was Refi, with 457 originations.
Loan Duration/Length
For 2023, Allegacy Federal Credit Union's most frequently cited loan duration was 30 Year, with 1,533 originations. The 2nd most popular length was 15 Year, with 172 originations.
Origination Fees/Closing Costs
Allegacy Federal Credit Union's average total fees were $4,911, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 244 originations.
Interest Rates
During 2023, Allegacy Federal Credit Union's average interest rate for loans was 3.33%, while their most frequently originated rate bucket for loans was <2.5%, with 1,105 originations.
Loan Sizing
2023 saw Allegacy Federal Credit Union place emphasis on $100,000 or less loans with 723 originations, totaling $41,935,000 in origination value.
Applicant Income
Allegacy Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 422 originations. The second most popular income band? $150k-250k, with 353 originations.
Applicant Debt to Income Ratio
Allegacy Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 403 originations. The next most common DTI ratio? 30-36%, with 324 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications81.90%
Allegacy Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination69.68%
Allegacy 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 | 1,768 | $271,290,000 | $153,445 |