Allegacy Federal Credit Union Mortgage Rates, Fees & Info
Winston-Salem, NCLEI: 549300TQWW6MLVH6KY61
Tax ID: 56-6087383
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Allegacy Federal Credit Union is a smaller credit union specializing in Refi loans. Allegacy Federal Credit Union has a high proportion of conventional loans. Their top markets include Winston, Charlotte, Greensboro, Atlanta, and Raleigh among others. Allegacy Federal Credit Union has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Allegacy Federal Credit Union is typically an average fee lendor.Originations
2,953Origination Dollar Volume (All Markets)
$377,235,000Relative Rate
Allegacy Federal Credit Union's average 30 year fixed rate mortgage of loans were
2.31%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.84%.
Relative Fees
Allegacy Federal Credit Union's average total fees for a 30 year fixed rate
mortgage are $4,264.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1,640 | $191,060,000 | $116,500 | $1,280 | 2.47% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 369 | $58,335,000 | $158,089 | $2,522 | 2.40% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 285 | $39,335,000 | $138,018 | $1,691 | 2.50% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 105 | $12,715,000 | $121,095 | $1,232 | 2.38% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 88 | $11,250,000 | $127,841 | $1,633 | 2.26% |
| Mount Airy, NC (FHA|USDA|VA) | 95 | $10,095,000 | $106,263 | $1,065 | 2.43% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 39 | $6,905,000 | $177,051 | $3,333 | 2.38% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 27 | $5,225,000 | $193,519 | $4,087 | 2.54% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 17 | $4,785,000 | $281,471 | $2,961 | 2.57% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 21 | $3,405,000 | $162,143 | $1,658 | 2.39% |
| Outside of Metro Areas | 25 | $2,875,000 | $115,000 | $701 | 2.64% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 12 | $2,280,000 | $190,000 | $2,266 | 2.79% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 14 | $2,120,000 | $151,429 | $2,724 | 2.65% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 11 | $1,915,000 | $174,091 | $1,720 | 2.23% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 12 | $1,590,000 | $132,500 | $0 | 1.99% |
| North Wilkesboro, NC (FHA|USDA|VA) | 9 | $1,215,000 | $135,000 | $1,836 | 2.64% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 3 | $895,000 | $298,333 | $86 | 2.89% |
| Greenwood, SC (FHA|USDA|VA) | 1 | $885,000 | $885,000 | $0 | 4.00% |
| ASHEVILLE, NC (FHA|USDA|VA) | 6 | $870,000 | $145,000 | $186 | 2.47% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 6 | $840,000 | $140,000 | $4,895 | 2.24% |
| COLUMBIA, SC (FHA|USDA|VA) | 10 | $820,000 | $82,000 | $0 | 2.22% |
| Forest City, NC (FHA|USDA|VA) | 6 | $810,000 | $135,000 | $89 | 2.11% |
| WILMINGTON, NC (FHA|USDA|VA) | 7 | $805,000 | $115,000 | $0 | 1.99% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 7 | $775,000 | $110,714 | $0 | 2.28% |
| RICHMOND, VA (FHA|USDA|VA) | 6 | $720,000 | $120,000 | $0 | 1.99% |
| Georgetown, SC (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $7,001 | 2.50% |
| BURLINGTON, NC (FHA|USDA|VA) | 6 | $640,000 | $106,667 | $3,623 | 2.26% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 5 | $635,000 | $127,000 | $183 | 2.13% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $0 | 3.41% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 4 | $620,000 | $155,000 | $0 | 2.56% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 4 | $590,000 | $147,500 | $0 | 1.99% |
| Boone, NC (FHA|USDA|VA) | 4 | $520,000 | $130,000 | $72 | 2.45% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $4,122 | 2.37% |
| SAVANNAH, GA (FHA|USDA|VA) | 6 | $400,000 | $66,667 | $0 | 1.99% |
| PITTSBURGH, PA (FHA|USDA|VA) | 5 | $395,000 | $79,000 | $0 | 1.99% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 4 | $390,000 | $97,500 | $0 | 1.99% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $672 | 2.69% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $0 | 4.13% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 5 | $315,000 | $63,000 | $239 | 2.29% |
| CHARLESTON, WV (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 1.99% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 1.99% |
| UTICA-ROME, NY (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $72 | 2.34% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 5 | $265,000 | $53,000 | $0 | 1.99% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 3 | $255,000 | $85,000 | $0 | 2.74% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 4.00% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $183 | 2.69% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $186 | 2.69% |
| Martinsville, VA (FHA|USDA|VA) | 3 | $235,000 | $78,333 | $3,828 | 2.41% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 3 | $235,000 | $78,333 | $3,382 | 2.24% |
| ROCHESTER, NY (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $169 | 2.69% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 1.99% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,426 | 2.88% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $0 | 1.99% |
| Morehead City, NC (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $4,210 | 2.43% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 1.99% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 4.25% |
| GAINESVILLE, GA (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 1.99% |
| Jefferson, GA (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 1.99% |
| Wilson, NC (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $172 | 2.29% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 1.99% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,552 | 3.25% |
| OCALA, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $186 | 2.69% |
| ROANOKE, VA (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $2,744 | 2.50% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 1.99% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 1.99% |
| Shelby, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 3.80% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $183 | 2.69% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 1.99% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 1.99% |
| Albemarle, NC (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 1.99% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 1.99% |
| Elizabeth City, NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 1.99% |
| Tifton, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $608 | 2.69% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 1.99% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 1.99% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $169 | 2.69% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 4.00% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $117 | 2.69% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 1.99% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 1.99% |
| ERIE, PA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 1.99% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $173 | 2.79% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 1.99% |
| Lumberton, NC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 1.99% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 1.99% |
| BECKLEY, WV (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $2,388 | 2.25% |
| STAUNTON, VA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 1.99% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 1.99% |
| GOLDSBORO, NC (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 1.99% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 1.99% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 1.99% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 1.99% |
| SUMTER, SC (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 1.99% |
| READING, PA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 1.99% |
| DALTON, GA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 1.99% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 1.99% |
Allegacy Federal Credit Union's top markets include Winston, Charlotte, Greensboro, Atlanta, and Raleigh among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 2,953 | $377,235,000 | $127,746 | $1,425 | 2.44% |
For the 2021 period, Allegacy Federal Credit Union's most frequently originated loan type of loans were Conventional, with 2,953 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Refi | 1,311 | $190,375,000 | $145,214 | $627 | 2.56% |
| Home Improvement | 723 | $64,265,000 | $88,887 | $1,821 | 2.17% |
| Other | 562 | $48,540,000 | $86,370 | $283 | 2.19% |
| Home Purchase | 256 | $52,280,000 | $204,219 | $4,122 | 2.87% |
| Cash Out Refi | 101 | $21,775,000 | $215,594 | $4,454 | 3.21% |
For the 2021, Allegacy Federal Credit Union's most frequently cited loan purpose of loans were Refi, with 1,311 originations. The 2nd most popular reason of loans were Home Improvement, with 723 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 2,100 | $237,630,000 | $113,157 | $4,264 | 2.31% |
| 15 Year | 615 | $103,465,000 | $168,236 | $510 | 2.78% |
| Other | 146 | $23,960,000 | $164,110 | $206 | 2.80% |
| 10 Year | 82 | $10,520,000 | $128,293 | $273 | 2.69% |
| 20 Year | 10 | $1,660,000 | $166,000 | $3,513 | 3.16% |
For the 2021, Allegacy Federal Credit Union's most frequently cited loan length of loans were 30 Year, with 2,100 originations. The 2nd most popular length of loans were 15 Year, with 615 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 787 | $123,575,000 | $157,020 |
| $1k-2k | 153 | $18,465,000 | $120,686 |
| $2k-3k | 109 | $22,735,000 | $208,578 |
| $3k-4k | 51 | $17,445,000 | $342,059 |
| $5k+ | 15 | $8,625,000 | $575,000 |
$4,264 of loans were Allegacy Federal Credit Union's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 787 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| <2.5% | 1,708 | $159,950,000 | $93,648 |
| 2.5-3% | 884 | $145,560,000 | $164,661 |
| 3-4% | 236 | $52,350,000 | $221,822 |
| 4-5% | 114 | $18,400,000 | $161,404 |
| Over 8% | 6 | $230,000 | $38,333 |
| 7-8% | 3 | $155,000 | $51,667 |
| 6-7% | 1 | $165,000 | $165,000 |
| 5-6% | 1 | $425,000 | $425,000 |
During 2021, Allegacy Federal Credit Union's average interest rate of loans were 2.31%, while their most frequently originated rate bucket of loans were <2.5%, with 1,708 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 1,403 | $81,875,000 | $58,357 | $623 | 2.26% |
| $100k-200k | 1,050 | $139,540,000 | $132,895 | $1,322 | 2.54% |
| $200k-400k | 440 | $118,990,000 | $270,432 | $2,045 | 2.69% |
| $400k-600k | 38 | $18,330,000 | $482,368 | $3,744 | 3.09% |
| $600k-1MM | 18 | $12,630,000 | $701,667 | $3,563 | 3.12% |
| $1MM+ | 4 | $5,870,000 | $1,467,500 | $9,963 | 3.39% |
2021 saw Allegacy Federal Credit Union place emphasis on $100,000 or less loans with 1,403 originations, totaling $81,875,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 783 | $90,555,000 | $115,651 | $1,334 | 2.40% |
| $150k-250k | 619 | $95,745,000 | $154,677 | $1,674 | 2.35% |
| $50k-75k | 484 | $45,990,000 | $95,021 | $1,403 | 2.54% |
| $75k-100k | 479 | $49,895,000 | $104,165 | $1,229 | 2.39% |
| $250k+ | 290 | $62,830,000 | $216,655 | $1,255 | 2.46% |
| $50k or less | 283 | $23,015,000 | $81,325 | $1,624 | 2.60% |
Allegacy Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 783 originations. The second most popular income band? $150k-250k, with 619 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 826 | $106,070,000 | $128,414 | $1,485 | 2.48% |
| 30-36% | 587 | $71,985,000 | $122,632 | $1,669 | 2.40% |
| <20% | 407 | $55,175,000 | $135,565 | $1,373 | 2.58% |
| 43% | 160 | $16,570,000 | $103,563 | $773 | 2.28% |
| 42% | 156 | $17,470,000 | $111,987 | $803 | 2.34% |
| 41% | 150 | $18,620,000 | $124,133 | $704 | 2.33% |
| 40% | 117 | $12,805,000 | $109,444 | $1,018 | 2.23% |
| 37% | 110 | $12,490,000 | $113,545 | $1,372 | 2.45% |
| 39% | 106 | $12,670,000 | $119,528 | $1,717 | 2.37% |
| 38% | 98 | $13,570,000 | $138,469 | $1,673 | 2.46% |
| 36% | 97 | $13,015,000 | $134,175 | $1,611 | 2.43% |
| 44% | 38 | $4,560,000 | $120,000 | $1,431 | 2.43% |
| 45% | 31 | $4,625,000 | $149,194 | $2,157 | 2.51% |
| 46% | 19 | $2,395,000 | $126,053 | $1,458 | 2.43% |
| 48% | 12 | $2,020,000 | $168,333 | $3,328 | 2.77% |
| 47% | 11 | $1,385,000 | $125,909 | $1,198 | 2.41% |
| 49% | 8 | $1,150,000 | $143,750 | $171 | 2.42% |
| 50-60% | 6 | $1,580,000 | $263,333 | $2,710 | 2.51% |
Allegacy Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 826 originations. The next most common DTI ratio? 30-36%, with 587 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 2,100 | $262,010,000 | $124,767 | $1,460 | 2.44% |
| Not provided | 617 | $79,505,000 | $128,857 | $913 | 2.40% |
| Black | 169 | $18,195,000 | $107,663 | $1,824 | 2.50% |
| Not applicable | 16 | $9,220,000 | $576,250 | $169 | 3.87% |
| Asian | 40 | $6,780,000 | $169,500 | $1,873 | 2.51% |
| American Indian | 7 | $1,235,000 | $176,429 | $3,435 | 2.56% |
| Asian Indian | 2 | $200,000 | $100,000 | $0 | 1.99% |
| Samoan | 1 | $75,000 | $75,000 | $0 | 1.99% |
| Chinese | 1 | $15,000 | $15,000 | $0 | 1.99% |
Approval Rates
Total approvals of all applications87.79%
Allegacy Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination76.00%
Allegacy Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,953 | $377,235,000 | $127,746 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2,953 | $377,235,000 | $127,746 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 970 | $108,620,000 | $111,979 | $498 | 2.28% |
| 40-60% | 465 | $70,565,000 | $151,753 | $935 | 2.57% |
| 60-80% | 478 | $100,490,000 | $210,230 | $1,536 | 2.82% |
| 80-100% | 182 | $41,580,000 | $228,462 | $3,259 | 3.00% |
| Under 20% | 858 | $55,980,000 | $65,245 | $261 | 2.23% |
