Access Community Credit Union Mortgage Rates, Fees & Info

Amarillo, TX

LEI: 549300ZLEJNF277L8Q40

Tax ID: 75-0870689

4.3 stars - Updated: 2/25/24 - out of 5 stars, based on 12 reviews

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

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Mortgage Data

Review & Overview

Access Community Credit Union is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. Access Community Credit Union has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Amarillo, Lubbock, Sherman, San Antonio, and Fredericksburg among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)

Access Community Credit Union 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. Access Community Credit Union 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 7.23% 2/25/24
30 Year Conventional Refi 6.85% 2/25/24
30 Year Cash-out Refi 6.79% 2/25/24
30 Year FHA Purchase 7.64% 2/25/24
15 Year Conventional Purchase 6.33% 2/25/24
15 Year Conventional Refi 6.39% 2/25/24
15 Year Cash-out Refi 6.39% 2/25/24
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.

Access Community Credit Union Mortgage Calculator






Your Estimates

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

This is not an official calculator from Access Community Credit Union. 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

155

Origination Dollar Volume (All Markets)

$28,845,000

Awards

Access Community Credit Union 30 Year Conventional Loans silver
Show all (1) awards

Relative Rate

Access Community Credit Union's average 30 year fixed mortgage rate was 5.38%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.62%.

Relative Fees (Closing Costs)

Access Community Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $5,285.

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 $4,750.

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
AMARILLO, TX (FHA|USDA|VA) 122 $22,480,000 $184,262 $4,767 5.26%
Outside of Metro Areas 12 $1,620,000 $135,000 $3,794 5.10%
LUBBOCK, TX (FHA|USDA|VA) 4 $680,000 $170,000 $2,632 5.25%
SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $555,000 $555,000 $7,534 5.25%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $515,000 $515,000 $8,497 3.75%
Fredericksburg, TX (FHA|USDA|VA) 1 $515,000 $515,000 $8,502 3.38%
Clovis, NM (FHA|USDA|VA) 2 $460,000 $230,000 $3,771 4.13%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $425,000 $425,000 $9,036 4.88%
Dumas, TX (FHA|USDA|VA) 2 $270,000 $135,000 $4,423 6.19%
Hereford, TX (FHA|USDA|VA) 2 $270,000 $135,000 $3,991 5.44%
SAN ANGELO, TX (FHA|USDA|VA) 1 $265,000 $265,000 $5,147 5.88%
Plainview, TX (FHA|USDA|VA) 3 $255,000 $85,000 $3,542 6.38%
Pecos, TX (FHA|USDA|VA) 1 $235,000 $235,000 $4,381 5.63%
Pampa, TX (FHA|USDA|VA) 1 $225,000 $225,000 $4,832 5.25%
Snyder, TX (FHA|USDA|VA) 1 $75,000 $75,000 $4,404 4.63%
Access Community Credit Union's top markets include Amarillo, Lubbock, Sherman, San Antonio, and Fredericksburg among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)
  • Similar Lenders

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

    AMARILLO COMMUNITY
    Similarity Rank: 366
    Access Community Credit Union
    Similarity Rank: 525
    Education Credit Union
    Similarity Rank: 528
    INFINITY MORTGAGE HOLDINGS, LLC
    Similarity Rank: 722
    HOMETRUST MORTGAGE COMPANY
    Similarity Rank: 1320
    BETTER MORTGAGE CORPORATION
    Similarity Rank: 1370
    First United Bank
    Similarity Rank: 1462
    UNIVERSAL LENDING CORPORATION
    Similarity Rank: 1856
    CLEARPATH LENDING
    Similarity Rank: 1992
    ASSOCIATED MORTGAGE CORPORATION
    Similarity Rank: 2720

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 154 $28,680,000 $186,234 $4,663 5.24%
    FHA 1 $165,000 $165,000 $6,738 5.88%

    For 2022, Access Community Credit Union's most frequently originated type of loan was Conventional, with 154 originations. Their 2nd most popular type was FHA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 83 $17,205,000 $207,289 $6,104 5.36%
    Cash Out Refi 43 $6,715,000 $156,163 $3,304 5.24%
    Home Improvement 15 $1,315,000 $87,667 $1,410 5.54%
    Refi 13 $3,555,000 $273,462 $4,234 4.04%
    Other 1 $55,000 $55,000 $1,436 7.25%

    For 2022, Access Community Credit Union's most frequently cited loan purpose was Home Purchase, with 83 originations. The 2nd most popular reason was Cash Out Refi, with 43 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 111 $23,185,000 $208,874 $5,285 5.38%
    15 Year 25 $3,055,000 $122,200 $3,450 5.11%
    20 Year 11 $1,785,000 $162,273 $3,430 4.70%
    10 Year 5 $245,000 $49,000 $1,755 4.28%
    Other 3 $575,000 $191,667 $2,051 4.87%

    For 2022, Access Community Credit Union's most frequently cited loan duration was 30 Year, with 111 originations. The 2nd most popular length was 15 Year, with 25 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 91 $18,685,000 $205,330
    $<1k 45 $5,685,000 $126,333
    $2k-3k 11 $2,515,000 $228,636
    $3k-4k 5 $1,315,000 $263,000
    $4k-5k 2 $490,000 $245,000
    $5k+ 1 $155,000 $155,000

    Access Community Credit Union's average total fees were $5,285, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 91 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 51 $9,395,000 $184,216
    4-5% 33 $5,605,000 $169,848
    3-4% 32 $7,600,000 $237,500
    6-7% 32 $5,510,000 $172,188
    7-8% 5 $455,000 $91,000
    <2.5% 1 $155,000 $155,000
    2.5-3% 1 $125,000 $125,000

    During 2022, Access Community Credit Union's average interest rate for loans was 5.38%, while their most frequently originated rate bucket for loans was 5-6%, with 51 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 52 $7,820,000 $150,385 $6,025 5.28%
    $200k-400k 51 $13,345,000 $261,667 $4,545 5.17%
    $100,000 or less 43 $2,965,000 $68,953 $2,603 5.43%
    $400k-600k 8 $3,910,000 $488,750 $7,176 4.69%
    $600k-1MM 1 $805,000 $805,000 $8,360 3.75%

    2022 saw Access Community Credit Union place emphasis on $100k-200k loans with 52 originations, totaling $7,820,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 45 $8,795,000 $195,444 $6,215 5.30%
    $50k-75k 39 $5,975,000 $153,205 $4,046 5.28%
    $150k-250k 26 $5,830,000 $224,231 $4,414 5.09%
    $75k-100k 25 $4,965,000 $198,600 $4,317 5.06%
    $50k or less 11 $1,265,000 $115,000 $3,741 5.75%
    $250k+ 5 $1,375,000 $275,000 $2,520 5.65%

    Access Community Credit Union lent most frequently to those with incomes in the $100k-150k range, with 45 originations. The second most popular income band? $50k-75k, with 39 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 33 $4,985,000 $151,061 $3,229 5.24%
    30-36% 27 $5,065,000 $187,593 $3,791 5.29%
    <20% 14 $1,570,000 $112,143 $3,548 5.12%
    38% 10 $2,290,000 $229,000 $4,380 5.13%
    47% 10 $2,110,000 $211,000 $15,103 4.84%
    42% 7 $1,545,000 $220,714 $4,664 5.41%
    46% 7 $1,665,000 $237,857 $4,376 5.57%
    45% 6 $1,620,000 $270,000 $5,779 5.52%
    36% 6 $1,370,000 $228,333 $4,833 4.38%
    41% 5 $685,000 $137,000 $3,408 4.85%
    43% 5 $905,000 $181,000 $4,461 6.75%
    44% 5 $1,115,000 $223,000 $4,251 5.72%
    40% 4 $560,000 $140,000 $4,129 5.59%
    50-60% 4 $1,450,000 $362,500 $5,191 5.16%
    49% 4 $960,000 $240,000 $5,361 5.28%
    48% 3 $475,000 $158,333 $3,590 4.75%
    39% 3 $325,000 $108,333 $3,087 5.58%
    37% 1 $85,000 $85,000 $2,612 3.50%

    Access Community Credit Union lent most frequently to those with DTI ratios of 20-30%, with 33 originations. The next most common DTI ratio? 30-36%, with 27 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 142 $26,300,000 $185,211 $4,735 5.30%
    Not provided 7 $1,725,000 $246,429 $4,665 5.05%
    Asian 4 $630,000 $157,500 $4,023 4.34%
    Black 1 $155,000 $155,000 $2,684 4.00%
    American Indian 1 $35,000 $35,000 $1,193 3.50%

    Approval Rates

    Total approvals of all applications
    93.78%

    Access Community Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.58%

    Access Community Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 155 $28,845,000 $186,097

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    155 $28,845,000 $186,097

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 15 $1,495,000 $99,667 $2,995 5.07%
    40-60% 10 $1,880,000 $188,000 $4,135 4.71%
    60-80% 50 $10,370,000 $207,400 $6,399 5.31%
    80-100% 71 $14,545,000 $204,859 $4,359 5.27%
    Under 20% 9 $555,000 $61,667 $982 5.54%