Access Federal Credit Union Mortgage Rates, Fees & Info
Clinton, NYLEI: 549300V4QN9VP69K5I11
Tax ID: 15-6017605
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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
52Origination 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 |
|---|---|---|---|---|---|
| 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% |
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
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
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
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 applications91.46%
Access Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination88.46%
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 |