Apco Employees Mortgage Rates, Fees & Info
Birmingham, ALLEI: 549300WC15MLNUIZYR16
Tax ID: 63-0328360
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Apco Employees is a smaller mortgage company specializing in Other and Home Purchase loans. Apco Employees has a high proportion of conventional loans. Their top markets by origination volume include: Birmingham, Atlanta, Dothan, Jasper, and Daphne among others. We have data for 32 markets. (Some data included below & more in-depth data is available with an active subscription.)Apco Employees has an average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Apco Employees is typically a low 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 | 6.86% | 4/5/25 |
| 30 Year Conventional Refi | 7.01% | 4/5/25 |
| 30 Year Cash-out Refi | 6.10% | 4/5/25 |
| 15 Year Conventional Purchase | 6.19% | 4/5/25 |
| 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. | ||
Apco Employees Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
483Origination Dollar Volume (All Markets)
$52,915,000Relative Rate
Apco Employees's average 30 year fixed mortgage rate was
5.5%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of -1.05%.
Relative Fees (Closing Costs)
Apco Employees's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,123.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $8,356.
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 |
|---|---|---|---|---|---|
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 261 | $28,245,000 | $108,218 | $3,172 | 6.28% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 34 | $4,880,000 | $143,529 | $0 | 6.52% |
| DOTHAN, AL (FHA|USDA|VA) | 40 | $4,200,000 | $105,000 | $3,084 | 6.11% |
| Jasper, AL (FHA|USDA|VA) | 40 | $3,500,000 | $87,500 | $2,924 | 6.46% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 17 | $2,425,000 | $142,647 | $2,833 | 5.99% |
| Outside of Metro Areas | 12 | $2,060,000 | $171,667 | $3,485 | 6.00% |
| MOBILE, AL (FHA|USDA|VA) | 21 | $1,655,000 | $78,810 | $0 | 6.23% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 7 | $795,000 | $113,571 | $0 | 6.11% |
| MONTGOMERY, AL (FHA|USDA|VA) | 4 | $560,000 | $140,000 | $0 | 5.81% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 4 | $470,000 | $117,500 | $3,025 | 6.31% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 7 | $415,000 | $59,286 | $0 | 6.25% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 4 | $400,000 | $100,000 | $0 | 6.25% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 3 | $345,000 | $115,000 | $3,170 | 6.17% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $3,298 | 6.19% |
| GAINESVILLE, GA (FHA|USDA|VA) | 3 | $305,000 | $101,667 | $0 | 6.58% |
| Thomasville, GA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,295 | 6.25% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 5.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 5.25% |
| SAVANNAH, GA (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 7.25% |
| Vidalia, GA (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 7.38% |
| Alexander City, AL (FHA|USDA|VA) | 3 | $185,000 | $61,667 | $0 | 6.25% |
| Americus, GA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 6.75% |
| Jefferson, GA (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $0 | 6.63% |
| Cullman, AL (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $0 | 7.25% |
| Cornelia, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 6.25% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 6.25% |
| Ozark, AL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 6.25% |
| Troy, AL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.25% |
| Laurel, MS (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.25% |
| HATTIESBURG, MS (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 6.25% |
| GADSDEN, AL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 6.25% |
| Jesup, GA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 6.25% |
Similar Lenders
We use machine learning to identify the top lenders compared against APCO EMPLOYEES based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 119
Similarity Rank: 120
Similarity Rank: 136
Similarity Rank: 225
Similarity Rank: 285
Similarity Rank: 396
Similarity Rank: 546
Similarity Rank: 603
Similarity Rank: 741
Similarity Rank: 930
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 400 | $29,240,000 | $73,100 | n/a | 6.42% |
| Conventional | 83 | $23,675,000 | $285,241 | $3,035 | 5.62% |
For 2024, Apco Employees's most frequently originated type of loan was HELOC, with 400 originations. Their 2nd most popular type was Conventional, with 83 originations.
Loan Reason
For 2024, Apco Employees's most frequently cited loan purpose was Other, with 314 originations. The 2nd most popular reason was Home Improvement, with 88 originations.
Loan Duration/Length
For 2024, Apco Employees's most frequently cited loan duration was 20 Year, with 346 originations. The 2nd most popular length was 30 Year, with 61 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 83 | $23,675,000 | $285,241 |
Apco Employees's average total fees were $3,123, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 83 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 373 | $28,445,000 | $76,260 |
| 5-6% | 48 | $12,250,000 | $255,208 |
| 4-5% | 27 | $8,495,000 | $314,630 |
| Over 8% | 22 | $1,990,000 | $90,455 |
| 7-8% | 13 | $1,735,000 | $133,462 |
During 2024, Apco Employees's average interest rate for loans was 5.50%, while their most frequently originated rate bucket for loans was 6-7%, with 373 originations.
Loan Sizing
2024 saw Apco Employees place emphasis on $100,000 or less loans with 294 originations, totaling $14,390,000 in origination value.
Applicant Income
Apco Employees lent most frequently to those with incomes in the $100k-150k range, with 143 originations. The second most popular income band? $150k-250k, with 140 originations.
Applicant Debt to Income Ratio
Apco Employees lent most frequently to those with DTI ratios of <20%, with 141 originations. The next most common DTI ratio? 20-30%, with 124 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications72.51%
Apco Employees has a below average approval rate.
Pick Rate
Approvals leading to origination97.31%
Apco Employees 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 | 483 | $52,915,000 | $109,555 |