Apco Employees Mortgage Rates, Fees & Info

Birmingham, AL

LEI: 549300WC15MLNUIZYR16

Tax ID: 63-0328360

5 stars - Updated: 12/2/24 - out of 5 stars, based on 24 reviews

Latest/2023 | 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, Dothan, Jasper, Montgomery, and Mobile among others. We have data for 27 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 relatively high 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 5.77% 12/2/24
30 Year Conventional Refi 6.02% 12/2/24
30 Year Cash-out Refi 6.12% 12/2/24
15 Year Conventional Purchase 4.84% 12/2/24
15 Year Conventional Refi 5.38% 12/2/24
15 Year Cash-out Refi 5.38% 12/2/24
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






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Apco Employees. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

563

Origination Dollar Volume (All Markets)

$71,535,000

Awards

APCO EMPLOYEES 30 Year Conventional Loans gold APCO EMPLOYEES 30 Year Conventional Loans bronze
Show all (2) awards

Relative Rate

Apco Employees's average 30 year fixed mortgage rate was 5.52%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.96%.

Relative Fees (Closing Costs)

Apco Employees's average total fees/closing costs for a 30 year fixed rate mortgage were $3,403.

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 $9,089.

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) 310 $38,210,000 $123,258 $3,215 5.88%
DOTHAN, AL (FHA|USDA|VA) 61 $7,855,000 $128,770 $3,136 5.83%
Jasper, AL (FHA|USDA|VA) 50 $4,380,000 $87,600 $3,589 6.32%
MONTGOMERY, AL (FHA|USDA|VA) 15 $3,675,000 $245,000 $3,854 5.82%
MOBILE, AL (FHA|USDA|VA) 38 $3,290,000 $86,579 $3,061 5.74%
Cullman, AL (FHA|USDA|VA) 9 $2,835,000 $315,000 $4,360 4.86%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 15 $1,895,000 $126,333 $3,269 6.08%
Outside of Metro Areas 10 $1,710,000 $171,000 $3,297 6.31%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 8 $1,540,000 $192,500 $3,435 5.50%
TUSCALOOSA, AL (FHA|USDA|VA) 9 $865,000 $96,111 $3,132 6.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 3 $815,000 $271,667 $2,895 4.96%
Alexander City, AL (FHA|USDA|VA) 4 $720,000 $180,000 $3,410 5.63%
Ozark, AL (FHA|USDA|VA) 6 $540,000 $90,000 $0 5.79%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $485,000 $485,000 $0 5.25%
Talladega-Sylacauga, AL (FHA|USDA|VA) 5 $435,000 $87,000 $0 5.60%
Enterprise, AL (FHA|USDA|VA) 4 $420,000 $105,000 $0 6.88%
DECATUR, AL (FHA|USDA|VA) 2 $350,000 $175,000 $5,818 4.19%
Albertville, AL (FHA|USDA|VA) 2 $290,000 $145,000 $0 5.38%
Cornelia, GA (FHA|USDA|VA) 1 $255,000 $255,000 $0 4.75%
Vidalia, GA (FHA|USDA|VA) 1 $255,000 $255,000 $4,145 6.75%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 1 $155,000 $155,000 $3,095 5.00%
HUNTSVILLE, AL (FHA|USDA|VA) 2 $150,000 $75,000 $0 6.13%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $125,000 $125,000 $0 5.00%
GADSDEN, AL (FHA|USDA|VA) 2 $120,000 $60,000 $0 4.12%
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 1 $75,000 $75,000 $0 6.00%
LaGrange, GA-AL (FHA|USDA|VA) 1 $65,000 $65,000 $0 6.25%
Eufaula, AL-GA (FHA|USDA|VA) 1 $25,000 $25,000 $0 6.25%
Apco Employees's top markets include Birmingham, Dothan, Jasper, Montgomery, and Mobile among others.

Their top states include:
  • Alabama (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)
  • 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.

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 419 $31,915,000 $76,169 n/a 6.00%
    Conventional 144 $39,620,000 $275,139 $3,336 5.52%

    For 2023, Apco Employees's most frequently originated type of loan was HELOC, with 419 originations. Their 2nd most popular type was Conventional, with 144 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 418 $31,880,000 $76,268 $0 5.99%
    Home Purchase 106 $28,690,000 $270,660 $3,301 5.51%
    Cash Out Refi 28 $8,110,000 $289,643 $3,429 5.64%
    Refi 10 $2,820,000 $282,000 $3,329 5.30%
    Home Improvement 1 $35,000 $35,000 $0 8.00%

    For 2023, Apco Employees's most frequently cited loan purpose was Other, with 418 originations. The 2nd most popular reason was Home Purchase, with 106 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 425 $33,025,000 $77,706 $3,172 6.00%
    30 Year 114 $33,900,000 $297,368 $3,403 5.52%
    15 Year 15 $3,105,000 $207,000 $3,332 5.53%
    10 Year 5 $705,000 $141,000 $3,055 5.30%
    Other 4 $800,000 $200,000 $3,139 4.75%

    For 2023, Apco Employees's most frequently cited loan duration was 20 Year, with 425 originations. The 2nd most popular length was 30 Year, with 114 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 142 $39,180,000 $275,915
    $2k-3k 1 $185,000 $185,000
    $3k-4k 1 $255,000 $255,000

    Apco Employees's average total fees were $3,403, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 142 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 282 $28,530,000 $101,170
    6-7% 148 $20,210,000 $136,554
    4-5% 55 $17,125,000 $311,364
    7-8% 44 $3,030,000 $68,864
    <2.5% 18 $1,140,000 $63,333
    Over 8% 15 $1,335,000 $89,000
    3-4% 1 $165,000 $165,000

    During 2023, Apco Employees's average interest rate for loans was 5.52%, while their most frequently originated rate bucket for loans was 5-6%, with 282 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 299 $15,065,000 $50,385 $2,855 5.98%
    $100k-200k 151 $19,515,000 $129,238 $3,134 5.92%
    $200k-400k 89 $24,125,000 $271,067 $3,422 5.61%
    $400k-600k 16 $7,560,000 $472,500 $3,586 5.16%
    $600k-1MM 8 $5,270,000 $658,750 $4,678 5.59%

    2023 saw Apco Employees place emphasis on $100,000 or less loans with 299 originations, totaling $15,065,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 167 $22,245,000 $133,204 $3,423 5.80%
    $100k-150k 152 $18,900,000 $124,342 $3,460 5.88%
    $75k-100k 93 $8,605,000 $92,527 $3,091 5.90%
    $250k+ 65 $13,095,000 $201,462 $3,562 5.72%
    $50k-75k 61 $5,885,000 $96,475 $3,045 6.15%
    $50k or less 23 $2,385,000 $103,696 $3,068 6.15%

    Apco Employees lent most frequently to those with incomes in the $150k-250k range, with 167 originations. The second most popular income band? $100k-150k, with 152 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 241 $27,445,000 $113,880 $3,590 5.84%
    20-30% 156 $20,120,000 $128,974 $3,168 5.88%
    30-36% 76 $11,620,000 $152,895 $3,274 5.88%
    50-60% 14 $1,470,000 $105,000 $0 6.48%
    38% 11 $2,145,000 $195,000 $3,295 5.52%
    >60% 7 $835,000 $119,286 $0 5.53%
    36% 5 $1,095,000 $219,000 $4,360 5.02%
    45% 5 $535,000 $107,000 $3,355 6.20%
    47% 4 $240,000 $60,000 $0 7.06%
    39% 3 $335,000 $111,667 $3,045 7.67%
    40% 3 $435,000 $145,000 $0 6.00%
    37% 3 $165,000 $55,000 $0 5.50%
    46% 2 $40,000 $20,000 $0 7.13%
    42% 2 $160,000 $80,000 $0 5.63%
    43% 2 $220,000 $110,000 $0 5.88%
    41% 2 $220,000 $110,000 $0 5.25%
    49% 1 $105,000 $105,000 $0 6.00%
    44% 1 $55,000 $55,000 $0 6.00%

    Apco Employees lent most frequently to those with DTI ratios of <20%, with 241 originations. The next most common DTI ratio? 20-30%, with 156 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 488 $63,820,000 $130,779 $3,356 5.89%
    Black 42 $3,470,000 $82,619 $3,193 6.00%
    Not provided 18 $2,280,000 $126,667 $3,345 5.84%
    Asian 7 $1,525,000 $217,857 $3,380 4.88%
    American Indian 6 $240,000 $40,000 $2,820 5.79%
    Asian Indian 1 $105,000 $105,000 $0 6.25%
    Filipino 1 $95,000 $95,000 $0 1.99%

    Approval Rates

    Total approvals of all applications
    75.10%

    Apco Employees has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    97.69%

    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 563 $71,535,000 $127,060

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    563 $71,535,000 $127,060

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 138 $13,840,000 $100,290 $3,412 5.97%
    40-60% 54 $9,890,000 $183,148 $3,434 6.02%
    60-80% 65 $18,185,000 $279,769 $3,385 5.72%
    80-100% 49 $13,905,000 $283,776 $3,244 5.51%
    Under 20% 240 $12,740,000 $53,083 $2,908 5.93%