Apco Employees Mortgage Rates, Fees & Info

Birmingham, AL

LEI: 549300WC15MLNUIZYR16

Tax ID: 63-0328360

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Apco 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.

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

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 5.77% 12/16/24
    30 Year Conventional Refi 6.02% 12/16/24
    30 Year Cash-out Refi 6.12% 12/16/24
    15 Year Conventional Purchase 4.84% 12/16/24
    15 Year Conventional Refi 5.38% 12/16/24
    15 Year Cash-out Refi 5.38% 12/16/24
    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

    592

    Origination Dollar Volume (All Markets)

    $111,100,000

    Awards

    APCO EMPLOYEES 30 Year Conventional Loans silver
    Show all (1) awards

    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) 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%
    Apco Employees's top markets include Birmingham, Dothan, Mobile, Jasper, and Decatur among others.

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

    Five Star Credit Union
    Similarity Rank: 589
    BankPlus
    Similarity Rank: 630
    Pen Air Federal Credit Union
    Similarity Rank: 632
    Liberty Mortgage Corporation
    Similarity Rank: 675
    Jefferson Credit Union
    Similarity Rank: 900
    DSLD MORTGAGE, LLC
    Similarity Rank: 1116
    KEESLER
    Similarity Rank: 1394
    Independent Bank
    Similarity Rank: 1504
    ALABAMA TEACHERS
    Similarity Rank: 1638
    Eco Credit Union
    Similarity Rank: 1900

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 564 $109,430,000 $194,025 $2,637 2.80%
    HELOC 28 $1,670,000 $59,643 n/a 3.46%

    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.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 310 $56,740,000 $183,032 $2,731 2.71%
    Home Purchase 112 $23,280,000 $207,857 $2,202 3.06%
    Cash Out Refi 108 $22,520,000 $208,519 $2,704 2.84%
    Other 53 $8,105,000 $152,925 $2,979 2.95%
    Home Improvement 9 $455,000 $50,556 $0 3.44%

    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.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 277 $58,205,000 $210,126 $2,364 3.10%
    15 Year 147 $26,665,000 $181,395 $2,882 2.42%
    20 Year 109 $17,385,000 $159,495 $2,952 3.03%
    10 Year 47 $7,365,000 $156,702 $2,864 2.27%
    Other 12 $1,480,000 $123,333 $2,613 2.08%

    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
    $<1k 564 $109,430,000 $194,025

    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.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 209 $43,055,000 $206,005
    <2.5% 202 $36,270,000 $179,554
    3-4% 181 $31,775,000 $175,552

    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.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 276 $41,450,000 $150,181 $2,488 2.77%
    $200k-400k 193 $50,805,000 $263,238 $2,955 2.87%
    $100,000 or less 97 $6,815,000 $70,258 $2,047 2.94%
    $400k-600k 25 $11,235,000 $449,400 $3,578 2.77%
    $600k-1MM 1 $795,000 $795,000 $5,005 3.00%

    2021 saw Apco Employees place emphasis on $100k-200k loans with 276 originations, totaling $41,450,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 116 $26,390,000 $227,500 $3,111 2.73%
    $100k-150k 109 $20,165,000 $185,000 $3,006 2.79%
    $50k or less 91 $12,725,000 $139,835 $732 3.09%
    $75k-100k 54 $9,290,000 $172,037 $2,922 2.86%
    $50k-75k 48 $8,060,000 $167,917 $2,956 2.94%
    $250k+ 24 $6,540,000 $272,500 $3,246 2.86%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 186 $35,940,000 $193,226 $3,017 2.80%
    20-30% 104 $19,290,000 $185,481 $2,896 2.76%
    30-36% 30 $6,420,000 $214,000 $3,044 2.94%
    39% 4 $830,000 $207,500 $1,904 2.77%
    36% 4 $950,000 $237,500 $2,777 2.59%
    >60% 3 $625,000 $208,333 $3,380 3.00%
    38% 3 $505,000 $168,333 $3,231 2.84%
    50-60% 3 $475,000 $158,333 $3,239 2.86%
    49% 2 $960,000 $480,000 $3,985 2.81%
    37% 2 $320,000 $160,000 $2,981 2.69%
    44% 1 $365,000 $365,000 $3,295 2.90%
    45% 1 $165,000 $165,000 $0 3.88%
    48% 1 $195,000 $195,000 $2,965 2.38%
    40% 1 $215,000 $215,000 $3,067 2.95%

    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.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 495 $91,755,000 $185,364 $2,610 2.83%
    Black 54 $10,300,000 $190,741 $2,607 2.93%
    Not provided 29 $5,935,000 $204,655 $2,986 2.74%
    American Indian 4 $1,060,000 $265,000 $3,251 2.63%
    Asian 3 $785,000 $261,667 $3,143 2.47%
    Asian Indian 3 $695,000 $231,667 $2,153 2.50%
    Korean 1 $205,000 $205,000 $2,985 2.38%
    Filipino 1 $155,000 $155,000 $2,910 3.00%
    Not applicable 1 $135,000 $135,000 $2,910 2.38%
    Other Asian 1 $75,000 $75,000 $2,748 2.13%

    Approval Rates

    Total approvals of all applications
    82.92%

    Apco Employees has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    99.16%

    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 592 $111,100,000 $187,669

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    592 $111,100,000 $187,669

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 33 $4,615,000 $139,848 $2,779 2.56%
    40-60% 78 $14,100,000 $180,769 $2,774 2.61%
    60-80% 192 $40,910,000 $213,073 $2,671 2.80%
    80-100% 79 $15,315,000 $193,861 $1,641 3.19%
    Under 20% 25 $1,355,000 $54,200 $1,410 3.28%

    Complaints

    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%