Allied Federal Credit Union Mortgage Rates, Fees & Info
Arlington, TXLEI: 549300UP64TRM5LC7R70
Tax ID: 75-6056239
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Mortgage Data
Review & Overview
Allied Federal Credit Union is a smaller credit union specializing in Other, Home Improvement, and Home Purchase loans. Allied Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, San Antonio, Waco, and Granbury among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Allied Federal Credit Union has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Allied 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 |
|---|---|---|
| 30 Year Conventional Purchase | 5.89% | 12/17/24 |
| 30 Year Conventional Refi | 5.95% | 12/17/24 |
| 30 Year Cash-out Refi | 7.61% | 12/17/24 |
| 15 Year Conventional Purchase | 5.68% | 12/17/24 |
| 15 Year Conventional Refi | 5.68% | 12/17/24 |
| 15 Year Cash-out Refi | 5.68% | 12/17/24 |
| 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. | ||
Allied Federal Credit Union Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
44Origination Dollar Volume (All Markets)
$3,070,000Top 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 |
|---|---|---|---|---|---|
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 40 | $2,580,000 | $64,500 | $742 | 5.68% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $7,110 | 3.75% |
| Outside of Metro Areas | 1 | $175,000 | $175,000 | $5,568 | 4.25% |
| WACO, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $103 | 6.49% |
| Granbury, TX (FHA|USDA|VA) | 1 | $5,000 | $5,000 | $103 | 5.15% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 44 | $3,070,000 | $69,773 | $967 | 5.61% |
For 2019, Allied Federal Credit Union's most frequently originated type of loan was Conventional, with 44 originations.
Loan Reason
For 2019, Allied Federal Credit Union's most frequently cited loan purpose was Other, with 20 originations. The 2nd most popular reason was Home Improvement, with 18 originations.
Loan Duration/Length
For 2019, Allied Federal Credit Union's most frequently cited loan duration was 15 Year, with 22 originations. The 2nd most popular length was 10 Year, with 7 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 3 | $395,000 | $131,667 |
| $3k-4k | 2 | $430,000 | $215,000 |
| $2k-3k | 1 | $175,000 | $175,000 |
Allied Federal Credit Union's average total fees were $4,726, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 3 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 28 | $1,410,000 | $50,357 |
| 6-7% | 10 | $690,000 | $69,000 |
| 3-4% | 3 | $585,000 | $195,000 |
| 4-5% | 2 | $350,000 | $175,000 |
| Over 8% | 1 | $35,000 | $35,000 |
During 2019, Allied Federal Credit Union's average interest rate for loans was 4.40%, while their most frequently originated rate bucket for loans was 5-6%, with 28 originations.
Loan Sizing
2019 saw Allied Federal Credit Union place emphasis on $100,000 or less loans with 37 originations, totaling $1,805,000 in origination value.
Applicant Income
Allied Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 11 originations. The second most popular income band? $75k-100k, with 11 originations.
Applicant Debt to Income Ratio
Allied Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 21 originations. The next most common DTI ratio? 30-36%, with 12 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.00%
Allied Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination97.73%
Allied Federal Credit Union has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 44 | $3,070,000 | $69,773 |