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
  • 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, Cash Out Refi, and Home Purchase loans. Apco Employees has a high proportion of conventional loans. Their top markets by origination volume include: Birmingham, Jasper, Daphne, Dothan, and Mobile among others. We have data for 25 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.

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    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

    532

    Origination Dollar Volume (All Markets)

    $98,450,000
    Show all (8) 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) 293 $55,745,000 $190,256 $3,205 3.24%
    Jasper, AL (FHA|USDA|VA) 49 $6,405,000 $130,714 $3,049 3.72%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 30 $5,630,000 $187,667 $3,127 3.04%
    DOTHAN, AL (FHA|USDA|VA) 32 $5,190,000 $162,188 $3,104 3.37%
    MOBILE, AL (FHA|USDA|VA) 25 $4,125,000 $165,000 $3,091 3.46%
    TUSCALOOSA, AL (FHA|USDA|VA) 18 $3,560,000 $197,778 $3,160 3.17%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 7 $2,485,000 $355,000 $3,335 2.93%
    Outside of Metro Areas 10 $2,090,000 $209,000 $3,346 3.14%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 8 $1,930,000 $241,250 $3,281 3.28%
    MONTGOMERY, AL (FHA|USDA|VA) 15 $1,835,000 $122,333 $3,223 3.22%
    Cullman, AL (FHA|USDA|VA) 8 $1,600,000 $200,000 $3,233 3.38%
    HUNTSVILLE, AL (FHA|USDA|VA) 6 $1,460,000 $243,333 $3,299 3.90%
    Alexander City, AL (FHA|USDA|VA) 6 $1,210,000 $201,667 $3,376 3.46%
    Talladega-Sylacauga, AL (FHA|USDA|VA) 5 $1,175,000 $235,000 $3,147 3.85%
    PANAMA CITY, FL (FHA|USDA|VA) 3 $835,000 $278,333 $3,399 3.50%
    GADSDEN, AL (FHA|USDA|VA) 4 $730,000 $182,500 $3,126 2.81%
    FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 2 $500,000 $250,000 $3,319 3.19%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $395,000 $395,000 $3,370 2.88%
    DECATUR, AL (FHA|USDA|VA) 2 $310,000 $155,000 $3,108 4.25%
    JACKSON, MS (FHA|USDA|VA) 1 $295,000 $295,000 $0 4.75%
    Atmore, AL (FHA|USDA|VA) 1 $255,000 $255,000 $0 3.50%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $245,000 $245,000 $3,455 3.00%
    Eufaula, AL-GA (FHA|USDA|VA) 3 $225,000 $75,000 $3,050 3.21%
    ANNISTON-OXFORD, AL (FHA|USDA|VA) 1 $165,000 $165,000 $0 3.75%
    Ozark, AL (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.00%
    Apco Employees's top markets include Birmingham, Jasper, Daphne, Dothan, 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.

    Pen Air Federal Credit Union
    Similarity Rank: 144
    Troy Bank and Trust Company
    Similarity Rank: 150
    Liberty Mortgage Corporation
    Similarity Rank: 343
    Eco Credit Union
    Similarity Rank: 392
    Five Star Credit Union
    Similarity Rank: 399
    New Horizons Credit Union
    Similarity Rank: 455
    Jefferson Credit Union
    Similarity Rank: 555
    AVADIAN
    Similarity Rank: 609
    APCO EMPLOYEES
    Similarity Rank: 875
    DSLD MORTGAGE, LLC
    Similarity Rank: 950

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 377 $87,415,000 $231,870 $3,182 3.43%
    HELOC 155 $11,035,000 $71,194 n/a 3.03%

    For 2022, Apco Employees's most frequently originated type of loan was Conventional, with 377 originations. Their 2nd most popular type was HELOC, with 155 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 199 $46,105,000 $231,683 $3,157 3.41%
    Other 154 $11,000,000 $71,429 $0 3.01%
    Cash Out Refi 100 $20,080,000 $200,800 $3,146 3.14%
    Home Purchase 78 $21,230,000 $272,179 $3,292 3.83%
    Home Improvement 1 $35,000 $35,000 $0 5.75%

    For 2022, Apco Employees's most frequently cited loan purpose was Refi, with 199 originations. The 2nd most popular reason was Other, with 154 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 185 $51,595,000 $278,892 $3,268 3.96%
    20 Year 171 $16,095,000 $94,123 $3,192 3.13%
    15 Year 139 $26,205,000 $188,525 $3,119 2.84%
    10 Year 34 $4,140,000 $121,765 $3,073 2.72%
    Other 3 $415,000 $138,333 $2,941 2.25%

    For 2022, Apco Employees's most frequently cited loan duration was 30 Year, with 185 originations. The 2nd most popular length was 20 Year, with 171 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 376 $87,310,000 $232,207
    $1k-2k 1 $105,000 $105,000

    Apco Employees's average total fees were $3,268, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 376 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 212 $28,590,000 $134,858
    3-4% 133 $30,065,000 $226,053
    4-5% 75 $15,075,000 $201,000
    2.5-3% 54 $12,710,000 $235,370
    5-6% 51 $10,045,000 $196,961
    6-7% 7 $1,965,000 $280,714

    During 2022, Apco Employees's average interest rate for loans was 3.96%, while their most frequently originated rate bucket for loans was <2.5%, with 212 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 183 $26,145,000 $142,869 $3,044 3.14%
    $200k-400k 166 $47,550,000 $286,446 $3,306 3.62%
    $100,000 or less 145 $7,385,000 $50,931 $2,885 3.05%
    $400k-600k 38 $17,370,000 $457,105 $3,674 3.80%

    2022 saw Apco Employees place emphasis on $100k-200k loans with 183 originations, totaling $26,145,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 125 $19,665,000 $157,320 $3,135 3.07%
    $150k-250k 109 $21,665,000 $198,761 $3,294 3.19%
    $75k-100k 63 $7,795,000 $123,730 $3,128 3.35%
    $50k-75k 44 $5,160,000 $117,273 $3,048 3.10%
    $250k+ 40 $8,140,000 $203,500 $3,311 3.03%
    $50k or less 18 $1,870,000 $103,889 $2,962 2.89%

    Apco Employees lent most frequently to those with incomes in the $100k-150k range, with 125 originations. The second most popular income band? $150k-250k, with 109 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 188 $30,070,000 $159,947 $3,156 3.05%
    20-30% 118 $21,250,000 $180,085 $3,184 3.18%
    30-36% 46 $6,220,000 $135,217 $3,199 3.45%
    37% 5 $915,000 $183,000 $3,226 3.50%
    >60% 4 $250,000 $62,500 $2,915 3.25%
    38% 4 $900,000 $225,000 $3,414 2.71%
    36% 3 $215,000 $71,667 $0 1.99%
    41% 3 $375,000 $125,000 $2,968 3.04%
    45% 3 $445,000 $148,333 $3,074 3.41%
    47% 3 $455,000 $151,667 $3,311 2.66%
    48% 3 $215,000 $71,667 $2,905 2.33%
    50-60% 3 $355,000 $118,333 $0 3.75%
    39% 2 $590,000 $295,000 $3,210 3.25%
    43% 2 $60,000 $30,000 $0 3.87%
    40% 1 $445,000 $445,000 $0 2.50%
    49% 1 $105,000 $105,000 $0 5.75%
    42% 1 $385,000 $385,000 $3,708 5.00%
    44% 1 $95,000 $95,000 $0 1.99%

    Apco Employees lent most frequently to those with DTI ratios of <20%, with 188 originations. The next most common DTI ratio? 20-30%, with 118 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 447 $80,565,000 $180,235 $3,169 3.30%
    Black 53 $10,135,000 $191,226 $3,210 3.23%
    Not provided 24 $4,810,000 $200,417 $3,322 3.50%
    Asian Indian 3 $995,000 $331,667 $3,100 3.29%
    American Indian 2 $660,000 $330,000 $3,456 3.00%
    Asian 1 $515,000 $515,000 $0 3.25%
    Native Hawaiian or Islander 1 $435,000 $435,000 $0 4.68%
    Chinese 1 $335,000 $335,000 $3,363 5.13%

    Approval Rates

    Total approvals of all applications
    83.19%

    Apco Employees has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    97.56%

    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 532 $98,450,000 $185,056

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    532 $98,450,000 $185,056

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 71 $7,715,000 $108,662 $2,983 2.76%
    40-60% 67 $12,705,000 $189,627 $3,106 2.87%
    60-80% 102 $24,990,000 $245,000 $3,244 3.27%
    80-100% 55 $13,685,000 $248,818 $3,230 3.75%
    Under 20% 104 $5,200,000 $50,000 $3,158 3.12%