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 loans. Access Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Utica, Syracuse, and Oneonta among others. We have data for 4 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.

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Originations

52

Origination Dollar Volume (All Markets)

$3,070,000

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) 40 $2,380,000 $59,500 $0 0.00%
SYRACUSE, NY (FHA|USDA|VA) 9 $585,000 $65,000 $0 0.00%
Oneonta, NY (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
Outside of Metro Areas 2 $50,000 $25,000 $0 0.00%
Access Federal Credit Union's top markets include Utica, Syracuse, and Oneonta 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 52 $3,070,000 $59,038 $0 0.00%

    For 2022, Access Federal Credit Union's most frequently originated type of loan was Conventional, with 52 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 42 $2,350,000 $55,952 $0 0.00%
    Home Improvement 6 $380,000 $63,333 $0 0.00%
    Refi 3 $315,000 $105,000 $0 0.00%
    Home Purchase 1 $25,000 $25,000 $0 0.00%

    For 2022, Access Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 42 originations. The 2nd most popular reason was Home Improvement, with 6 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 52 $3,070,000 $59,038 $0 0.00%

    For 2022, Access Federal Credit Union's most frequently cited loan duration was Other, with 52 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 44 $1,760,000 $40,000 $0 0.00%
    $100k-200k 6 $830,000 $138,333 $0 0.00%
    $200k-400k 2 $480,000 $240,000 $0 0.00%

    2022 saw Access Federal Credit Union place emphasis on $100,000 or less loans with 44 originations, totaling $1,760,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 16 $1,100,000 $68,750 $0 0.00%
    $50k-75k 14 $620,000 $44,286 $0 0.00%
    $75k-100k 10 $920,000 $92,000 $0 0.00%
    $50k or less 7 $205,000 $29,286 $0 0.00%
    $150k-250k 5 $225,000 $45,000 $0 0.00%

    Access Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 16 originations. The second most popular income band? $50k-75k, with 14 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 52 $3,070,000 $59,038 $0 0.00%

    Access Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 52 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 50 $2,990,000 $59,800 $0 0.00%
    American Indian 1 $55,000 $55,000 $0 0.00%
    Asian 1 $25,000 $25,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.46%

    Access Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.46%

    Access Federal Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 52 $3,070,000 $59,038

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    52 $3,070,000 $59,038