Allegacy Federal Credit Union Mortgage Rates, Fees & Info

Winston-Salem, NC

LEI: 549300TQWW6MLVH6KY61

Tax ID: 56-6087383

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Mortgage Data

Review & 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 by origination volume include: Winston, Charlotte, Greensboro, Raleigh, and Atlanta among others. We have data for 90 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% 3/28/24
30 Year Conventional Purchase 6.62% 3/28/24
30 Year Conventional Refi 6.29% 3/28/24
30 Year Cash-out Refi 6.68% 3/28/24
30 Year USDA Purchase 6.27% 3/28/24
15 Year Conventional Purchase 4.89% 3/28/24
15 Year Conventional Refi 4.57% 3/28/24
15 Year Cash-out Refi 4.57% 3/28/24
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

3,163

Origination Dollar Volume (All Markets)

$427,715,000

Awards

ALLEGACY FEDERAL CREDIT UNION 30 Year Conventional Loans silver
Show all (1) awards

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) 1,776 $221,150,000 $124,521 $3,408 2.63%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 374 $57,490,000 $153,717 $4,441 2.51%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 311 $44,485,000 $143,039 $3,175 2.69%
RALEIGH-CARY, NC (FHA|USDA|VA) 103 $15,585,000 $151,311 $4,433 2.61%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 93 $11,745,000 $126,290 $3,339 2.78%
Mount Airy, NC (FHA|USDA|VA) 100 $11,290,000 $112,900 $3,289 2.65%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 54 $10,140,000 $187,778 $2,449 2.85%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 19 $3,995,000 $210,263 $4,524 2.77%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 25 $3,715,000 $148,600 $3,121 2.61%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 26 $3,690,000 $141,923 $229 2.36%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 24 $3,160,000 $131,667 $3,434 2.51%
Morehead City, NC (FHA|USDA|VA) 4 $2,760,000 $690,000 $7,210 3.19%
Outside of Metro Areas 17 $2,455,000 $144,412 $1,178 2.63%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 12 $1,900,000 $158,333 $183 2.44%
Albemarle, NC (FHA|USDA|VA) 4 $1,780,000 $445,000 $0 2.79%
FAYETTEVILLE, NC (FHA|USDA|VA) 6 $1,660,000 $276,667 $4,418 2.88%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 11 $1,625,000 $147,727 $0 2.36%
North Wilkesboro, NC (FHA|USDA|VA) 12 $1,610,000 $134,167 $3,273 2.45%
COLUMBIA, SC (FHA|USDA|VA) 9 $1,445,000 $160,556 $5,076 2.26%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 5 $1,405,000 $281,000 $6,455 3.12%
RICHMOND, VA (FHA|USDA|VA) 12 $1,400,000 $116,667 $244 2.42%
BURLINGTON, NC (FHA|USDA|VA) 12 $1,370,000 $114,167 $3,774 2.49%
ASHEVILLE, NC (FHA|USDA|VA) 6 $1,030,000 $171,667 $4,317 2.50%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 7 $1,025,000 $146,429 $2,165 2.69%
Boone, NC (FHA|USDA|VA) 5 $1,025,000 $205,000 $4,543 2.85%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $1,015,000 $1,015,000 $0 3.75%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 4 $930,000 $232,500 $9,642 2.65%
ROANOKE, VA (FHA|USDA|VA) 5 $905,000 $181,000 $2,881 2.50%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 7 $825,000 $117,857 $5,723 2.67%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 7 $735,000 $105,000 $0 1.99%
WILMINGTON, NC (FHA|USDA|VA) 7 $725,000 $103,571 $0 2.53%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 5 $695,000 $139,000 $83 2.22%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 5 $675,000 $135,000 $2,221 2.42%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 4 $610,000 $152,500 $0 3.69%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 3 $595,000 $198,333 $409 2.29%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 2 $580,000 $290,000 $0 4.25%
FLORENCE, SC (FHA|USDA|VA) 2 $520,000 $260,000 $0 4.06%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 3 $495,000 $165,000 $186 3.71%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 8 $480,000 $60,000 $0 1.99%
PITTSBURGH, PA (FHA|USDA|VA) 4 $480,000 $120,000 $0 2.99%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $470,000 $235,000 $4,524 2.81%
Shelby, NC (FHA|USDA|VA) 2 $450,000 $225,000 $0 3.06%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 2 $430,000 $215,000 $0 2.93%
JACKSONVILLE, FL (FHA|USDA|VA) 6 $400,000 $66,667 $0 1.99%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 3 $345,000 $115,000 $2,703 2.33%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $345,000 $345,000 $0 4.25%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 2 $320,000 $160,000 $0 2.84%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 3 $315,000 $105,000 $5,419 2.29%
Laurinburg, NC (FHA|USDA|VA) 2 $290,000 $145,000 $3,811 3.81%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $245,000 $245,000 $5,145 3.25%
GREENVILLE, NC (FHA|USDA|VA) 1 $235,000 $235,000 $0 3.04%
Brevard, NC (FHA|USDA|VA) 1 $225,000 $225,000 $0 1.99%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $225,000 $225,000 $0 4.25%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 2 $220,000 $110,000 $0 3.12%
CHARLESTON, WV (FHA|USDA|VA) 1 $215,000 $215,000 $1,242 2.89%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 1 $215,000 $215,000 $183 3.04%
Greenwood, SC (FHA|USDA|VA) 1 $205,000 $205,000 $0 4.25%
WARNER ROBINS, GA (FHA|USDA|VA) 1 $195,000 $195,000 $4,313 2.75%
NEW BERN, NC (FHA|USDA|VA) 2 $190,000 $95,000 $0 3.00%
GAINESVILLE, FL (FHA|USDA|VA) 1 $185,000 $185,000 $186 2.89%
LANCASTER, PA (FHA|USDA|VA) 1 $185,000 $185,000 $0 2.89%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 2 $180,000 $90,000 $0 3.12%
Marion, NC (FHA|USDA|VA) 1 $175,000 $175,000 $4,458 2.88%
WINCHESTER, VA-WV (FHA|USDA|VA) 1 $175,000 $175,000 $3,260 3.50%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $155,000 $155,000 $0 4.25%
Wilson, NC (FHA|USDA|VA) 1 $155,000 $155,000 $3,914 3.13%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $140,000 $70,000 $0 1.99%
SYRACUSE, NY (FHA|USDA|VA) 2 $140,000 $70,000 $4,714 2.31%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $115,000 $115,000 $0 1.99%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $105,000 $105,000 $0 1.99%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $105,000 $105,000 $0 1.99%
Martinsville, VA (FHA|USDA|VA) 1 $105,000 $105,000 $247 3.04%
BRUNSWICK, GA (FHA|USDA|VA) 1 $105,000 $105,000 $0 1.99%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $95,000 $95,000 $0 1.99%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $95,000 $95,000 $0 4.25%
SALISBURY, MD-DE (FHA|USDA|VA) 1 $85,000 $85,000 $2,791 2.38%
Forest City, NC (FHA|USDA|VA) 1 $85,000 $85,000 $0 1.99%
SPARTANBURG, SC (FHA|USDA|VA) 1 $85,000 $85,000 $0 1.99%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $75,000 $75,000 $0 1.99%
Jefferson, GA (FHA|USDA|VA) 1 $65,000 $65,000 $0 1.99%
Statesboro, GA (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.25%
GAINESVILLE, GA (FHA|USDA|VA) 1 $55,000 $55,000 $0 1.99%
Lumberton, NC (FHA|USDA|VA) 1 $55,000 $55,000 $0 1.99%
Georgetown, SC (FHA|USDA|VA) 1 $45,000 $45,000 $0 1.99%
STAUNTON, VA (FHA|USDA|VA) 1 $45,000 $45,000 $0 1.99%
GETTYSBURG, PA (FHA|USDA|VA) 1 $35,000 $35,000 $0 7.99%
VALDOSTA, GA (FHA|USDA|VA) 1 $25,000 $25,000 $0 1.99%
JACKSONVILLE, NC (FHA|USDA|VA) 1 $25,000 $25,000 $0 1.99%
MODESTO, CA (FHA|USDA|VA) 1 $15,000 $15,000 $0 1.99%
SAVANNAH, GA (FHA|USDA|VA) 1 $15,000 $15,000 $0 1.99%
Allegacy Federal Credit Union's top markets include Winston, Charlotte, Greensboro, Raleigh, and Atlanta among others.

Their top states include:
  • North Carolina (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • 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.

    Belmont Savings Bank, SSB
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 1,667 $149,935,000 $89,943 n/a 2.22%
    Conventional 1,496 $277,780,000 $185,682 $3,483 3.08%

    For 2020, Allegacy Federal Credit Union's most frequently originated type of loan was HELOC, with 1,667 originations. Their 2nd most popular type was Conventional, with 1,496 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 1,492 $230,150,000 $154,256 $2,671 2.79%
    Other 595 $43,595,000 $73,269 $101 2.20%
    Home Improvement 556 $46,410,000 $83,471 $0 2.14%
    Home Purchase 364 $71,890,000 $197,500 $4,151 3.13%
    Cash Out Refi 156 $35,670,000 $228,654 $4,291 3.27%

    For 2020, Allegacy Federal Credit Union's most frequently cited loan purpose was Refi, with 1,492 originations. The 2nd most popular reason was Other, with 595 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,140 $258,640,000 $120,860 $4,159 2.43%
    15 Year 615 $105,795,000 $172,024 $2,141 3.02%
    Other 282 $45,970,000 $163,014 $398 3.09%
    10 Year 106 $13,250,000 $125,000 $324 2.98%
    20 Year 18 $3,960,000 $220,000 $4,384 3.13%
    3 Year 1 $35,000 $35,000 $0 1.99%
    5 Year 1 $65,000 $65,000 $0 1.99%

    For 2020, Allegacy Federal Credit Union's most frequently cited loan duration was 30 Year, with 2,140 originations. The 2nd most popular length was 15 Year, with 615 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 931 $148,385,000 $159,382
    $1k-2k 216 $27,520,000 $127,407
    $2k-3k 198 $41,160,000 $207,879
    $3k-4k 72 $23,620,000 $328,056
    $4k-5k 37 $14,415,000 $389,595
    $5k+ 16 $8,330,000 $520,625

    Allegacy Federal Credit Union's average total fees were $4,159, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 931 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 1,554 $136,490,000 $87,831
    2.5-3% 799 $144,345,000 $180,657
    3-4% 635 $114,825,000 $180,827
    4-5% 145 $28,825,000 $198,793
    5-6% 14 $2,280,000 $162,857
    Over 8% 9 $545,000 $60,556
    7-8% 5 $165,000 $33,000
    6-7% 2 $240,000 $120,000

    During 2020, Allegacy Federal Credit Union's average interest rate for loans was 2.43%, while their most frequently originated rate bucket for loans was <2.5%, with 1,554 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,448 $81,250,000 $56,112 $2,562 2.38%
    $100k-200k 1,092 $150,130,000 $137,482 $3,339 2.78%
    $200k-400k 535 $144,295,000 $269,710 $3,753 2.92%
    $400k-600k 63 $29,655,000 $470,714 $3,858 3.08%
    $600k-1MM 18 $12,500,000 $694,444 $3,841 3.32%
    $1MM+ 7 $9,885,000 $1,412,143 $10,953 3.98%

    2020 saw Allegacy Federal Credit Union place emphasis on $100,000 or less loans with 1,448 originations, totaling $81,250,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 803 $99,495,000 $123,904 $3,515 2.53%
    $150k-250k 666 $110,480,000 $165,886 $3,396 2.60%
    $50k-75k 522 $52,000,000 $99,617 $3,651 2.70%
    $75k-100k 500 $53,950,000 $107,900 $3,569 2.62%
    $50k or less 332 $28,800,000 $86,747 $3,340 2.81%
    $250k+ 312 $68,280,000 $218,846 $3,333 2.51%

    Allegacy Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 803 originations. The second most popular income band? $150k-250k, with 666 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 952 $125,270,000 $131,586 $3,412 2.62%
    30-36% 572 $78,310,000 $136,906 $3,614 2.61%
    <20% 489 $69,055,000 $141,217 $3,497 2.74%
    43% 145 $15,365,000 $105,966 $4,206 2.42%
    38% 129 $15,835,000 $122,752 $3,313 2.58%
    36% 123 $17,075,000 $138,821 $3,354 2.61%
    41% 121 $13,975,000 $115,496 $3,681 2.56%
    37% 120 $15,940,000 $132,833 $3,171 2.59%
    42% 119 $14,855,000 $124,832 $3,221 2.44%
    39% 105 $12,665,000 $120,619 $3,260 2.57%
    40% 92 $11,020,000 $119,783 $3,107 2.70%
    44% 56 $6,820,000 $121,786 $4,146 2.51%
    45% 34 $3,830,000 $112,647 $3,148 2.50%
    46% 22 $3,170,000 $144,091 $3,721 3.13%
    47% 18 $3,000,000 $166,667 $3,736 3.08%
    50-60% 15 $2,745,000 $183,000 $6,155 2.40%
    48% 11 $1,405,000 $127,727 $5,762 2.20%
    49% 11 $1,605,000 $145,909 $3,328 2.66%
    >60% 4 $1,610,000 $402,500 $3,688 3.53%

    Allegacy Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 952 originations. The next most common DTI ratio? 30-36%, with 572 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,193 $292,185,000 $133,235 $3,640 2.60%
    Not provided 722 $95,030,000 $131,620 $2,450 2.60%
    Black 175 $20,435,000 $116,771 $3,316 2.79%
    Not applicable 25 $14,165,000 $566,600 $0 4.30%
    Asian 35 $3,925,000 $112,143 $3,155 2.68%
    Asian Indian 4 $910,000 $227,500 $0 2.48%
    American Indian 7 $695,000 $99,286 $3,319 2.88%
    Native Hawaiian or Islander 1 $255,000 $255,000 $0 2.89%
    Other Asian 1 $115,000 $115,000 $0 2.89%

    Approval Rates

    Total approvals of all applications
    88.53%

    Allegacy Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    70.50%

    Allegacy Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,163 $427,715,000 $135,224

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 14 $11,520,000 $822,857
    Single Family (1-4 Units):Manufactured 15 $1,175,000 $78,333
    Single Family (1-4 Units):Site-Built 3,134 $415,020,000 $132,425

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 863 $94,895,000 $109,959 $2,223 2.41%
    40-60% 441 $65,275,000 $148,016 $2,803 2.77%
    60-80% 681 $140,155,000 $205,808 $3,363 3.00%
    80-100% 352 $77,190,000 $219,290 $3,953 3.09%
    Over 100% 1 $165,000 $165,000 $0 4.13%
    Under 20% 825 $50,035,000 $60,648 $111 2.28%