Access Federal Credit Union Mortgage Rates, Fees & Info

Clinton, NY

LEI: 549300V4QN9VP69K5I11

Tax ID: 15-6017605

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Mortgage Data

Review & Overview

Access Federal Credit Union is a smaller credit union specializing in Cash Out Refi, Refi, and Home Purchase loans. Access Federal Credit Union has a high proportion of conventional loans. Their top two markets are Utica and Syracuse .

Access 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.

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Originations

63

Origination Dollar Volume (All Markets)

$5,045,000

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) 47 $3,845,000 $81,809 $0 0.00%
SYRACUSE, NY (FHA|USDA|VA) 16 $1,200,000 $75,000 $0 0.00%
Access Federal Credit Union's top markets include Utica and Syracuse among others.

Their top states include:
  • New York (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 63 $5,045,000 $80,079 $0 0.00%

    For 2019, Access Federal Credit Union's most frequently originated type of loan was Conventional, with 63 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 17 $1,855,000 $109,118 $0 0.00%
    Home Improvement 16 $740,000 $46,250 $0 0.00%
    Refi 12 $1,140,000 $95,000 $0 0.00%
    Home Purchase 11 $1,055,000 $95,909 $0 0.00%
    Other 7 $255,000 $36,429 $0 0.00%

    For 2019, Access Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 17 originations. The 2nd most popular reason was Home Improvement, with 16 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 63 $5,045,000 $80,079 $0 0.00%

    For 2019, Access Federal Credit Union's most frequently cited loan duration was Other, with 63 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 47 $2,375,000 $50,532 $0 0.00%
    $100k-200k 11 $1,485,000 $135,000 $0 0.00%
    $200k-400k 5 $1,185,000 $237,000 $0 0.00%

    2019 saw Access Federal Credit Union place emphasis on $100,000 or less loans with 47 originations, totaling $2,375,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 19 $1,245,000 $65,526 $0 0.00%
    $75k-100k 15 $1,315,000 $87,667 $0 0.00%
    $50k-75k 12 $810,000 $67,500 $0 0.00%
    $100k-150k 11 $785,000 $71,364 $0 0.00%
    $150k-250k 5 $855,000 $171,000 $0 0.00%
    $250k+ 1 $35,000 $35,000 $0 0.00%

    Access Federal Credit Union lent most frequently to those with incomes in the $50k or less range, with 19 originations. The second most popular income band? $75k-100k, with 15 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 63 $5,045,000 $80,079 $0 0.00%

    Access Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 63 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 62 $5,000,000 $80,645 $0 0.00%
    Black 1 $45,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    84.71%

    Access Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    85.71%

    Access Federal Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 63 $5,045,000 $80,079

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 5 $285,000 $57,000
    Single Family (1-4 Units):Site-Built 58 $4,760,000 $82,069