Allegacy Federal Credit Union Mortgage Rates, Fees & Info
Winston-Salem, NCLEI: 549300TQWW6MLVH6KY61
Tax ID: 56-6087383
Latest/2022 | 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 Improvement 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 79 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 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 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.
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) | 6.27% | 11/30/23 |
| 30 Year Conventional Purchase | 6.62% | 11/30/23 |
| 30 Year Conventional Refi | 6.29% | 11/30/23 |
| 30 Year Cash-out Refi | 6.68% | 11/30/23 |
| 30 Year USDA Purchase | 6.27% | 11/30/23 |
| 15 Year Conventional Purchase | 4.89% | 11/30/23 |
| 15 Year Conventional Refi | 4.57% | 11/30/23 |
| 15 Year Cash-out Refi | 4.57% | 11/30/23 |
| 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
2,571Origination Dollar Volume (All Markets)
$358,865,000Relative Rate
Allegacy Federal Credit Union's average 30 year fixed mortgage rate was
2.76%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -2%.
Relative Fees (Closing Costs)
Allegacy Federal Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,660.
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 $4,750.
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) | 1,389 | $173,865,000 | $125,173 | $1,520 | 2.81% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 369 | $69,095,000 | $187,249 | $1,795 | 3.02% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 238 | $29,500,000 | $123,950 | $1,889 | 2.83% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 80 | $10,390,000 | $129,875 | $1,890 | 3.11% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 64 | $10,100,000 | $157,813 | $3,629 | 2.82% |
| Mount Airy, NC (FHA|USDA|VA) | 93 | $9,145,000 | $98,333 | $847 | 2.61% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 32 | $8,200,000 | $256,250 | $7,214 | 3.16% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 24 | $4,540,000 | $189,167 | $7,100 | 2.58% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 21 | $4,185,000 | $199,286 | $355 | 2.87% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 18 | $3,400,000 | $188,889 | $188 | 3.29% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 28 | $3,340,000 | $119,286 | $146 | 2.56% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 14 | $2,510,000 | $179,286 | $2,964 | 3.81% |
| BURLINGTON, NC (FHA|USDA|VA) | 14 | $2,420,000 | $172,857 | $3,400 | 2.65% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 7 | $2,225,000 | $317,857 | $0 | 2.28% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 10 | $1,830,000 | $183,000 | $0 | 2.44% |
| ASHEVILLE, NC (FHA|USDA|VA) | 7 | $1,695,000 | $242,143 | $2,351 | 3.14% |
| Outside of Metro Areas | 16 | $1,660,000 | $103,750 | $3,784 | 2.85% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 3 | $1,365,000 | $455,000 | $4,860 | 4.34% |
| North Wilkesboro, NC (FHA|USDA|VA) | 6 | $1,230,000 | $205,000 | $122 | 2.68% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 4 | $1,190,000 | $297,500 | $16,165 | 3.53% |
| WILMINGTON, NC (FHA|USDA|VA) | 7 | $1,095,000 | $156,429 | $2,215 | 2.94% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 4 | $1,020,000 | $255,000 | $0 | 3.37% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 5 | $915,000 | $183,000 | $1,580 | 4.14% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 8 | $890,000 | $111,250 | $5,027 | 2.74% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 5 | $845,000 | $169,000 | $5,489 | 3.32% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 4 | $820,000 | $205,000 | $0 | 3.87% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $9,308 | 4.31% |
| Shelby, NC (FHA|USDA|VA) | 5 | $665,000 | $133,000 | $0 | 3.19% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 5 | $635,000 | $127,000 | $0 | 1.99% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 7 | $605,000 | $86,429 | $0 | 1.99% |
| SPARTANBURG, SC (FHA|USDA|VA) | 4 | $440,000 | $110,000 | $614 | 5.62% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $1,113 | 2.36% |
| GREENVILLE, NC (FHA|USDA|VA) | 4 | $380,000 | $95,000 | $0 | 2.93% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $1,437 | 2.34% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 5 | $365,000 | $73,000 | $1,306 | 4.15% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $0 | 1.99% |
| Boone, NC (FHA|USDA|VA) | 3 | $345,000 | $115,000 | $4,607 | 2.37% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $5,420 | 5.44% |
| COLUMBIA, SC (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $0 | 3.29% |
| Georgetown, SC (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 4.87% |
| ROANOKE, VA (FHA|USDA|VA) | 3 | $295,000 | $98,333 | $247 | 3.71% |
| Albemarle, NC (FHA|USDA|VA) | 3 | $275,000 | $91,667 | $0 | 2.83% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $5,185 | 3.38% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 3.12% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,599 | 5.75% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $0 | 3.87% |
| Elizabeth City, NC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 6.50% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,701 | 3.39% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 1.99% |
| RICHMOND, VA (FHA|USDA|VA) | 3 | $205,000 | $68,333 | $0 | 1.99% |
| Morehead City, NC (FHA|USDA|VA) | 3 | $205,000 | $68,333 | $3,434 | 2.33% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $174 | 3.07% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $72 | 3.55% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,704 | 6.75% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $2,080 | 6.43% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,412 | 4.88% |
| READING, PA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 1.99% |
| Washington, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,478 | 4.63% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 1.99% |
| PARKERSBURG-VIENNA, WV (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,619 | 2.80% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 4.25% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 1.99% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 6.50% |
| Waycross, GA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 1.99% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 1.99% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $169 | 7.99% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 4.00% |
| Union, SC (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $762 | 3.49% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 1.99% |
| Forest City, NC (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 1.99% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 1.99% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 1.99% |
| SYRACUSE, NY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $172 | 7.49% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 1.99% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 1.99% |
| Henderson, NC (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 1.99% |
| Marion, IN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 1.99% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 2 | $40,000 | $20,000 | $0 | 1.99% |
| Cedartown, GA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 1.99% |
Similar Lenders
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 1,762 | $207,290,000 | $117,645 | n/a | 2.47% |
| Conventional | 809 | $151,575,000 | $187,361 | $1,675 | 3.77% |
For 2022, Allegacy Federal Credit Union's most frequently originated type of loan was HELOC, with 1,762 originations. Their 2nd most popular type was Conventional, with 809 originations.
Loan Reason
For 2022, Allegacy Federal Credit Union's most frequently cited loan purpose was Refi, with 872 originations. The 2nd most popular reason was Home Improvement, with 760 originations.
Loan Duration/Length
For 2022, Allegacy Federal Credit Union's most frequently cited loan duration was 30 Year, with 2,016 originations. The 2nd most popular length was 15 Year, with 410 originations.
Origination Fees/Closing Costs
Allegacy Federal Credit Union's average total fees were $4,660, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 523 originations.
Interest Rates
During 2022, Allegacy Federal Credit Union's average interest rate for loans was 2.76%, while their most frequently originated rate bucket for loans was <2.5%, with 1,528 originations.
Loan Sizing
2022 saw Allegacy Federal Credit Union place emphasis on $100,000 or less loans with 1,126 originations, totaling $65,560,000 in origination value.
Applicant Income
Allegacy Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 592 originations. The second most popular income band? $150k-250k, with 543 originations.
Applicant Debt to Income Ratio
Allegacy Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 621 originations. The next most common DTI ratio? 30-36%, with 514 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.93%
Allegacy Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination74.64%
Allegacy Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,571 | $358,865,000 | $139,582 |