Agcarolina Farm Credit Flca Mortgage Rates, Fees & Info

Raleigh, NC

LEI: 549300XYK7KGXCRSH318

Tax ID: 56-2187972

1 stars - Updated: 11/11/24 - out of 5 stars, based on 12 reviews

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

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Mortgage Data

Review & Overview

Agcarolina Farm Credit Flca is a smaller mortgage company specializing in Home Purchase loans. Agcarolina Farm Credit Flca has a high proportion of conventional loans. Their top markets by origination volume include: Raleigh, Rocky Mount, Durham, Fayetteville, and Wilmington among others. We have data for 20 markets. (Some data included below & more in-depth data is available with an active subscription.)

Agcarolina Farm Credit Flca has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Agcarolina Farm Credit Flca is typically an average 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.

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 7.99% 11/11/24
30 Year Conventional Refi 8.31% 11/11/24
15 Year Conventional Purchase 7.71% 11/11/24
15 Year Conventional Refi 7.27% 11/11/24
15 Year Cash-out Refi 7.27% 11/11/24
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.

Agcarolina Farm Credit Flca Mortgage Calculator






Your Estimates

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

This is not an official calculator from Agcarolina Farm Credit Flca. 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

152

Origination Dollar Volume (All Markets)

$46,910,000

Relative Rate

Agcarolina Farm Credit Flca's average 30 year fixed mortgage rate was 8.33%.

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

This yields a difference of 1.85%.

Relative Fees (Closing Costs)

Agcarolina Farm Credit Flca's average total fees/closing costs for a 30 year fixed rate mortgage were $7,910.

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
Outside of Metro Areas 39 $12,495,000 $320,385 $6,532 8.53%
RALEIGH-CARY, NC (FHA|USDA|VA) 37 $11,925,000 $322,297 $6,390 8.18%
ROCKY MOUNT, NC (FHA|USDA|VA) 15 $3,955,000 $263,667 $6,233 8.50%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 6 $2,910,000 $485,000 $9,689 8.55%
FAYETTEVILLE, NC (FHA|USDA|VA) 7 $2,475,000 $353,571 $8,369 8.97%
WILMINGTON, NC (FHA|USDA|VA) 5 $2,055,000 $411,000 $8,008 7.95%
GREENVILLE, NC (FHA|USDA|VA) 7 $1,585,000 $226,429 $5,346 8.30%
NEW BERN, NC (FHA|USDA|VA) 5 $1,495,000 $299,000 $7,862 8.20%
GOLDSBORO, NC (FHA|USDA|VA) 6 $1,300,000 $216,667 $5,861 7.89%
Wilson, NC (FHA|USDA|VA) 4 $930,000 $232,500 $6,278 8.10%
Roanoke Rapids, NC (FHA|USDA|VA) 4 $840,000 $210,000 $7,396 8.02%
Lumberton, NC (FHA|USDA|VA) 4 $820,000 $205,000 $4,951 8.13%
Elizabeth City, NC (FHA|USDA|VA) 3 $665,000 $221,667 $6,148 8.71%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $650,000 $325,000 $4,256 8.91%
Henderson, NC (FHA|USDA|VA) 1 $645,000 $645,000 $10,725 8.17%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 2 $610,000 $305,000 $7,380 8.17%
Morehead City, NC (FHA|USDA|VA) 2 $590,000 $295,000 $6,364 8.09%
Laurinburg, NC (FHA|USDA|VA) 1 $555,000 $555,000 $6,239 8.73%
Kinston, NC (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
Washington, NC (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
Agcarolina Farm Credit Flca's top markets include Raleigh, Rocky Mount, Durham, Fayetteville, and Wilmington among others.

Their top states include:
  • North Carolina (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against AgCarolina Farm Credit FLCA based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    SCIENT Federal Credit Union
    Similarity Rank: 110
    South Pacific Financial Corporation
    Similarity Rank: 1584
    MATTAMY HOME FUNDING, LLC
    Similarity Rank: 1620
    FIRST EQUITY MORTGAGE INCORPORATED
    Similarity Rank: 2058
    Southern Bank and Trust Company
    Similarity Rank: 2592
    JET HOMELOANS, LLC
    Similarity Rank: 2628
    PULTE MORTGAGE LLC
    Similarity Rank: 2698
    LATINO COMMUNITY CREDIT UNION
    Similarity Rank: 2752

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 152 $46,910,000 $308,618 $6,648 8.37%

    For 2023, Agcarolina Farm Credit Flca's most frequently originated type of loan was Conventional, with 152 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 108 $35,800,000 $331,481 $7,479 8.35%
    Refi 24 $6,580,000 $274,167 $4,384 8.33%
    Home Improvement 13 $2,345,000 $180,385 $2,725 8.56%
    Cash Out Refi 7 $2,185,000 $312,143 $7,497 8.55%

    For 2023, Agcarolina Farm Credit Flca's most frequently cited loan purpose was Home Purchase, with 108 originations. The 2nd most popular reason was Refi, with 24 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 63 $24,475,000 $388,492 $7,910 8.33%
    Other 28 $8,220,000 $293,571 $5,419 8.18%
    15 Year 19 $2,805,000 $147,632 $4,083 8.42%
    20 Year 18 $5,130,000 $285,000 $5,708 8.36%
    30+ year 13 $4,535,000 $348,846 $7,699 9.17%
    10 Year 8 $1,240,000 $155,000 $3,335 8.02%
    5 Year 3 $505,000 $168,333 $707 7.37%

    For 2023, Agcarolina Farm Credit Flca's most frequently cited loan duration was 30 Year, with 63 originations. The 2nd most popular length was Other, with 28 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 32 $17,640,000 $551,250
    $3k-4k 20 $5,250,000 $262,500
    $4k-5k 20 $6,110,000 $305,500
    $2k-3k 14 $3,040,000 $217,143
    $<1k 12 $1,050,000 $87,500
    $1k-2k 7 $1,065,000 $152,143

    Agcarolina Farm Credit Flca's average total fees were $7,910, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 32 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 84 $26,820,000 $319,286
    7-8% 21 $7,335,000 $349,286

    During 2023, Agcarolina Farm Credit Flca's average interest rate for loans was 8.33%, while their most frequently originated rate bucket for loans was Over 8%, with 84 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 65 $18,085,000 $278,231 $6,564 8.40%
    $100k-200k 26 $4,080,000 $156,923 $4,197 8.51%
    $400k-600k 23 $10,755,000 $467,609 $8,764 8.26%
    $100,000 or less 21 $1,305,000 $62,143 $1,774 8.33%
    $600k-1MM 16 $11,530,000 $720,625 $11,872 8.31%
    $1MM+ 1 $1,155,000 $1,155,000 $10,645 8.07%

    2023 saw Agcarolina Farm Credit Flca place emphasis on $200k-400k loans with 65 originations, totaling $18,085,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 39 $11,705,000 $300,128 $6,247 8.34%
    $100k-150k 38 $11,570,000 $304,474 $7,089 8.31%
    $250k+ 37 $14,835,000 $400,946 $8,528 8.37%
    $75k-100k 14 $3,060,000 $218,571 $5,435 8.44%
    $50k-75k 6 $760,000 $126,667 $2,938 8.54%
    $50k or less 2 $480,000 $240,000 $3,227 8.53%

    Agcarolina Farm Credit Flca lent most frequently to those with incomes in the $150k-250k range, with 39 originations. The second most popular income band? $100k-150k, with 38 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 19 $5,165,000 $271,842 $5,770 8.21%
    30-36% 16 $4,580,000 $286,250 $6,692 8.33%
    38% 12 $3,910,000 $325,833 $7,358 8.42%
    39% 10 $3,290,000 $329,000 $7,570 8.11%
    <20% 7 $1,525,000 $217,857 $3,444 8.37%
    37% 5 $1,935,000 $387,000 $7,420 8.26%
    43% 4 $1,410,000 $352,500 $7,960 8.31%
    40% 4 $1,370,000 $342,500 $7,068 8.45%
    41% 3 $1,245,000 $415,000 $10,028 8.42%
    36% 3 $885,000 $295,000 $4,450 8.24%
    45% 3 $635,000 $211,667 $4,195 9.42%
    >60% 2 $710,000 $355,000 $8,250 8.31%
    50-60% 2 $930,000 $465,000 $8,572 8.53%
    46% 1 $305,000 $305,000 $6,659 7.82%
    48% 1 $235,000 $235,000 $6,607 9.70%
    49% 1 $485,000 $485,000 $9,005 8.71%
    42% 1 $255,000 $255,000 $4,768 8.59%

    Agcarolina Farm Credit Flca lent most frequently to those with DTI ratios of 20-30%, with 19 originations. The next most common DTI ratio? 30-36%, with 16 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 131 $40,265,000 $307,366 $6,665 8.37%
    Not applicable 9 $3,455,000 $383,889 $0 0.00%
    Not provided 6 $1,350,000 $225,000 $6,046 8.34%
    Black 3 $1,035,000 $345,000 $7,334 8.32%
    American Indian 2 $480,000 $240,000 $5,986 8.33%
    Asian 1 $325,000 $325,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.13%

    Agcarolina Farm Credit Flca has an average approval rate.

    Pick Rate

    Approvals leading to origination
    92.11%

    Agcarolina Farm Credit Flca has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 152 $46,910,000 $308,618

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    152 $46,910,000 $308,618

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 17 $3,665,000 $215,588 $4,615 8.04%
    40-60% 28 $10,050,000 $358,929 $6,890 8.43%
    60-80% 64 $21,750,000 $339,844 $7,488 8.36%
    80-100% 24 $8,780,000 $365,833 $7,239 8.42%
    Under 20% 19 $2,665,000 $140,263 $1,484 8.55%