Apco Employees Mortgage Rates, Fees & InfoBirmingham, AL
Tax ID: 63-0328360
Latest/2021 | 2020 Data | 2019 Data | 2018 Data
Review & OverviewApco Employees is a smaller mortgage company specializing in Refi, Home Purchase, and Cash Out Refi loans. Apco Employees has a high proportion of conventional loans. Their top markets by origination volume include: Birmingham, Dothan, Mobile, Jasper, and Decatur among others. We have data for 28 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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|Simulated Rate||Simulation Date|
|30 Year Conventional Purchase||7.60%||3/19/23|
|30 Year Conventional Refi||7.08%||3/19/23|
|30 Year Cash-out Refi||7.09%||3/19/23|
|15 Year Conventional Purchase||6.38%||3/19/23|
|15 Year Conventional Refi||6.04%||3/19/23|
|15 Year Cash-out Refi||6.04%||3/19/23|
|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.|
Origination Dollar Volume (All Markets)$111,100,000
Apco Employees's average 30 year fixed mortgage rate was
The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.
This yields a difference of -0.05%.
Relative Fees (Closing Costs)
Apco Employees's average total fees/closing costs for a 30 year fixed rate
mortgage were $2,364.
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 $4,750.
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)||298||$60,100,000||$201,678||$2,989||2.79%|
|DOTHAN, AL (FHA|USDA|VA)||40||$6,320,000||$158,000||$2,937||2.72%|
|MOBILE, AL (FHA|USDA|VA)||28||$5,330,000||$190,357||$2,612||2.94%|
|Outside of Metro Areas||28||$5,060,000||$180,714||$2,208||2.98%|
|Jasper, AL (FHA|USDA|VA)||37||$4,755,000||$128,514||$2,883||2.68%|
|DECATUR, AL (FHA|USDA|VA)||32||$4,690,000||$146,563||$741||3.02%|
|DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA)||23||$4,465,000||$194,130||$2,718||2.88%|
|TUSCALOOSA, AL (FHA|USDA|VA)||12||$2,410,000||$200,833||$3,005||2.74%|
|HUNTSVILLE, AL (FHA|USDA|VA)||13||$2,295,000||$176,538||$1,145||2.99%|
|MONTGOMERY, AL (FHA|USDA|VA)||8||$1,700,000||$212,500||$3,061||2.41%|
|Albertville, AL (FHA|USDA|VA)||11||$1,505,000||$136,818||$534||3.16%|
|ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA)||5||$1,505,000||$301,000||$3,674||2.53%|
|Talladega-Sylacauga, AL (FHA|USDA|VA)||6||$1,460,000||$243,333||$3,085||3.02%|
|Cullman, AL (FHA|USDA|VA)||8||$1,410,000||$176,250||$1,163||2.93%|
|GADSDEN, AL (FHA|USDA|VA)||10||$1,370,000||$137,000||$1,794||2.90%|
|Alexander City, AL (FHA|USDA|VA)||4||$1,270,000||$317,500||$3,213||2.82%|
|AUBURN-OPELIKA, AL (FHA|USDA|VA)||3||$895,000||$298,333||$3,002||2.29%|
|Enterprise, AL (FHA|USDA|VA)||4||$710,000||$177,500||$2,977||3.02%|
|Ozark, AL (FHA|USDA|VA)||3||$705,000||$235,000||$3,060||2.96%|
|PANAMA CITY, FL (FHA|USDA|VA)||3||$615,000||$205,000||$3,401||3.11%|
|Eufaula, AL-GA (FHA|USDA|VA)||3||$525,000||$175,000||$3,133||2.53%|
|ANNISTON-OXFORD, AL (FHA|USDA|VA)||4||$490,000||$122,500||$2,868||3.31%|
|Fort Payne, AL (FHA|USDA|VA)||4||$490,000||$122,500||$675||3.54%|
|Selma, AL (FHA|USDA|VA)||1||$255,000||$255,000||$3,095||3.00%|
|AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA)||1||$235,000||$235,000||$3,555||2.38%|
|VALDOSTA, GA (FHA|USDA|VA)||1||$235,000||$235,000||$3,615||2.50%|
|GAINESVILLE, GA (FHA|USDA|VA)||1||$155,000||$155,000||$2,895||2.90%|
|Scottsboro, AL (FHA|USDA|VA)||1||$145,000||$145,000||$0||3.45%|
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: 589
Similarity Rank: 630
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Similarity Rank: 900
Similarity Rank: 1116
Similarity Rank: 1394
Similarity Rank: 1504
Similarity Rank: 1638
Similarity Rank: 1900
|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2021, Apco Employees's most frequently originated type of loan was Conventional, with 564 originations. Their 2nd most popular type was HELOC, with 28 originations.
For 2021, Apco Employees's most frequently cited loan purpose was Refi, with 310 originations. The 2nd most popular reason was Home Purchase, with 112 originations.
For 2021, Apco Employees's most frequently cited loan duration was 30 Year, with 277 originations. The 2nd most popular length was 15 Year, with 147 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Apco Employees's average total fees were $2,364, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 564 originations.
|Loan Rate||Originations||Total Value||Average Loan|
During 2021, Apco Employees's average interest rate for loans was 3.10%, while their most frequently originated rate bucket for loans was 2.5-3%, with 209 originations.
2021 saw Apco Employees place emphasis on $100k-200k loans with 276 originations, totaling $41,450,000 in origination value.
Apco Employees lent most frequently to those with incomes in the $150k-250k range, with 116 originations. The second most popular income band? $100k-150k, with 109 originations.
Applicant Debt to Income Ratio
Apco Employees lent most frequently to those with DTI ratios of <20%, with 186 originations. The next most common DTI ratio? 20-30%, with 104 originations.
Approval RatesTotal approvals of all applications
Apco Employees has a below average approval rate.
Pick RateApprovals leading to origination
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|
|Bank Name||Product||Issue||2021 CPFB Complaints||% of Total Issues|
|Apex Mortgage LLC||FHA mortgage||Applying for a mortgage or refinancing an existing mortgage||1||50.0%|
|Apex Mortgage LLC||VA mortgage||Closing on a mortgage||1||50.0%|