Agcarolina Farm Credit Flca Mortgage Rates, Fees & Info
Raleigh, NCLEI: 549300XYK7KGXCRSH318
Tax ID: 56-2187972
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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, Roanoke Rapids, and Wilson among others. We have data for 15 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 a below 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.99% | 11/21/24 |
| 30 Year Conventional Refi | 8.31% | 11/21/24 |
| 15 Year Conventional Purchase | 7.71% | 11/21/24 |
| 15 Year Conventional Refi | 7.27% | 11/21/24 |
| 15 Year Cash-out Refi | 7.27% | 11/21/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
67Origination Dollar Volume (All Markets)
$17,515,000Top 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 |
|---|---|---|---|---|---|
| RALEIGH-CARY, NC (FHA|USDA|VA) | 22 | $5,420,000 | $246,364 | $5,188 | 6.15% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 12 | $3,200,000 | $266,667 | $6,774 | 6.39% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 5 | $2,015,000 | $403,000 | $6,271 | 6.15% |
| Outside of Metro Areas | 5 | $1,625,000 | $325,000 | $7,637 | 5.89% |
| Roanoke Rapids, NC (FHA|USDA|VA) | 6 | $1,440,000 | $240,000 | $5,434 | 5.92% |
| Wilson, NC (FHA|USDA|VA) | 2 | $1,240,000 | $620,000 | $11,677 | 6.04% |
| Henderson, NC (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $3,681 | 5.63% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 5.81% |
| NEW BERN, NC (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $4,762 | 6.68% |
| Kinston, NC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,729 | 4.85% |
| Washington, NC (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $2,864 | 6.34% |
| GREENVILLE, NC (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $3,451 | 6.27% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,597 | 6.20% |
| Elizabeth City, NC (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $2,667 | 5.64% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,506 | 5.68% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 67 | $17,515,000 | $261,418 | $5,556 | 6.11% |
For 2018, Agcarolina Farm Credit Flca's most frequently originated type of loan was Conventional, with 67 originations.
Loan Reason
For 2018, Agcarolina Farm Credit Flca's most frequently cited loan purpose was Home Purchase, with 50 originations. The 2nd most popular reason was Refi, with 12 originations.
Loan Duration/Length
For 2018, Agcarolina Farm Credit Flca's most frequently cited loan duration was 30 Year, with 26 originations. The 2nd most popular length was Other, with 17 originations.
Origination Fees/Closing Costs
Agcarolina Farm Credit Flca's average total fees were $6,929, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 17 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 35 | $10,015,000 | $286,143 |
| 5-6% | 28 | $6,610,000 | $236,071 |
| 4-5% | 2 | $650,000 | $325,000 |
| 7-8% | 2 | $240,000 | $120,000 |
During 2018, Agcarolina Farm Credit Flca's average interest rate for loans was 6.30%, while their most frequently originated rate bucket for loans was 6-7%, with 35 originations.
Loan Sizing
2018 saw Agcarolina Farm Credit Flca place emphasis on $200k-400k loans with 33 originations, totaling $9,815,000 in origination value.
Applicant Income
Agcarolina Farm Credit Flca lent most frequently to those with incomes in the $250k+ range, with 30 originations. The second most popular income band? $150k-250k, with 16 originations.
Applicant Debt to Income Ratio
Agcarolina Farm Credit Flca lent most frequently to those with DTI ratios of 20-30%, with 17 originations. The next most common DTI ratio? 30-36%, with 14 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 66 | $17,300,000 | $262,121 | $5,567 | 6.11% |
| Black | 1 | $215,000 | $215,000 | $4,858 | 6.20% |
Approval Rates
Total approvals of all applications96.34%
Agcarolina Farm Credit Flca has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination86.57%
Agcarolina Farm Credit Flca has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 67 | $17,515,000 | $261,418 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 2 | $470,000 | $235,000 |
| Single Family (1-4 Units):Site-Built | 65 | $17,045,000 | $262,231 |