Archer Cooperative Credit Union Mortgage Rates, Fees & Info

CENTRAL CITY, NE

LEI: 549300Z00JCHOAK2QX89

Tax ID: 47-0093680

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Archer Cooperative Credit Union is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. Archer Cooperative Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Grand Island, Lincoln, Omaha, and Columbus among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Archer Cooperative Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

    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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    Originations

    58

    Origination Dollar Volume (All Markets)

    $4,970,000

    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
    GRAND ISLAND, NE (FHA|USDA|VA) 38 $2,830,000 $74,474 $0 0.00%
    Outside of Metro Areas 15 $1,405,000 $93,667 $0 0.00%
    LINCOLN, NE (FHA|USDA|VA) 2 $420,000 $210,000 $0 0.00%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 2 $230,000 $115,000 $0 0.00%
    Columbus, NE (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
    Archer Cooperative Credit Union's top markets include Grand Island, Lincoln, Omaha, and Columbus among others.

    Their top states include:
  • Nebraska (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 58 $4,970,000 $85,690 $0 0.00%

    For 2019, Archer Cooperative Credit Union's most frequently originated type of loan was Conventional, with 58 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 26 $3,010,000 $115,769 $0 0.00%
    Cash Out Refi 15 $1,065,000 $71,000 $0 0.00%
    Other 10 $560,000 $56,000 $0 0.00%
    Home Improvement 4 $220,000 $55,000 $0 0.00%
    Refi 3 $115,000 $38,333 $0 0.00%

    For 2019, Archer Cooperative Credit Union's most frequently cited loan purpose was Home Purchase, with 26 originations. The 2nd most popular reason was Cash Out Refi, with 15 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 58 $4,970,000 $85,690 $0 0.00%

    For 2019, Archer Cooperative Credit Union's most frequently cited loan duration was Other, with 58 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 43 $2,135,000 $49,651 $0 0.00%
    $100k-200k 10 $1,450,000 $145,000 $0 0.00%
    $200k-400k 4 $980,000 $245,000 $0 0.00%
    $400k-600k 1 $405,000 $405,000 $0 0.00%

    2019 saw Archer Cooperative Credit Union place emphasis on $100,000 or less loans with 43 originations, totaling $2,135,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 27 $1,615,000 $59,815 $0 0.00%
    $50k-75k 12 $920,000 $76,667 $0 0.00%
    $75k-100k 10 $870,000 $87,000 $0 0.00%
    $100k-150k 5 $1,065,000 $213,000 $0 0.00%
    $150k-250k 1 $265,000 $265,000 $0 0.00%
    $250k+ 1 $65,000 $65,000 $0 0.00%

    Archer Cooperative Credit Union lent most frequently to those with incomes in the $50k or less range, with 27 originations. The second most popular income band? $50k-75k, with 12 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 58 $4,970,000 $85,690 $0 0.00%

    Archer Cooperative Credit Union lent most frequently to those with DTI ratios of Exempt%, with 58 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 49 $4,335,000 $88,469 $0 0.00%
    Not provided 6 $430,000 $71,667 $0 0.00%
    Not applicable 2 $170,000 $85,000 $0 0.00%
    Asian 1 $35,000 $35,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    72.83%

    Archer Cooperative Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    84.48%

    Archer Cooperative Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 58 $4,970,000 $85,690

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $170,000 $85,000
    Single Family (1-4 Units):Manufactured 9 $665,000 $73,889
    Single Family (1-4 Units):Site-Built 47 $4,135,000 $87,979