Access Federal Credit Union Mortgage Rates, Fees & Info

Clinton, NY

LEI: 549300V4QN9VP69K5I11

Tax ID: 15-6017605

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Access Federal Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Access Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Utica, Syracuse, Hilton Head Island, Cape Coral, and Oneonta among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Access Federal Credit Union has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

    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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    Originations

    89

    Origination Dollar Volume (All Markets)

    $7,755,000

    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
    UTICA-ROME, NY (FHA|USDA|VA) 62 $5,760,000 $92,903 $0 0.00%
    SYRACUSE, NY (FHA|USDA|VA) 22 $1,300,000 $59,091 $0 0.00%
    Outside of Metro Areas 2 $270,000 $135,000 $0 0.00%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
    Oneonta, NY (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
    Access Federal Credit Union's top markets include Utica, Syracuse, Hilton Head Island, Cape Coral, and Oneonta among others.

    Their top states include:
  • New York (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 89 $7,755,000 $87,135 $0 0.00%

    For 2018, Access Federal Credit Union's most frequently originated type of loan was Conventional, with 89 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 30 $1,550,000 $51,667 $0 0.00%
    Cash Out Refi 25 $2,285,000 $91,400 $0 0.00%
    Home Purchase 14 $2,000,000 $142,857 $0 0.00%
    Other 13 $1,055,000 $81,154 $0 0.00%
    Refi 7 $865,000 $123,571 $0 0.00%

    For 2018, Access Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 30 originations. The 2nd most popular reason was Cash Out Refi, with 25 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 89 $7,755,000 $87,135 $0 0.00%

    For 2018, Access Federal Credit Union's most frequently cited loan duration was Other, with 89 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 64 $3,260,000 $50,938 $0 0.00%
    $100k-200k 20 $2,950,000 $147,500 $0 0.00%
    $200k-400k 5 $1,545,000 $309,000 $0 0.00%

    2018 saw Access Federal Credit Union place emphasis on $100,000 or less loans with 64 originations, totaling $3,260,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 30 $2,480,000 $82,667 $0 0.00%
    $50k or less 17 $1,235,000 $72,647 $0 0.00%
    $150k-250k 14 $1,190,000 $85,000 $0 0.00%
    $75k-100k 13 $1,145,000 $88,077 $0 0.00%
    $100k-150k 9 $615,000 $68,333 $0 0.00%
    $250k+ 4 $980,000 $245,000 $0 0.00%

    Access Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 30 originations. The second most popular income band? $50k or less, with 17 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 89 $7,755,000 $87,135 $0 0.00%

    Access Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 89 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 87 $7,545,000 $86,724 $0 0.00%
    American Indian 1 $125,000 $125,000 $0 0.00%
    Not applicable 1 $85,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.44%

    Access Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.39%

    Access Federal Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 89 $7,755,000 $87,135

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 3 $155,000 $51,667
    Single Family (1-4 Units):Site-Built 86 $7,600,000 $88,372