Aneca Federal Credit Union Mortgage Rates, Fees & Info
Shreveport, LALEI: 89450088V2BYQUO61B62
Tax ID: 72-0427045
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Mortgage Data
Review & Overview
Aneca Federal Credit Union is a smaller credit union specializing in Home Purchase and Refi loans. Aneca Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Shreveport, Monroe, Hot Springs, Fort Collins, and Providence among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Aneca Federal Credit Union has an average approval rate when compared to the average across all lenders. Aneca Federal 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 11.42% | 11/17/24 |
| 30 Year Conventional Refi | 11.80% | 11/17/24 |
| 15 Year Conventional Purchase | 5.68% | 11/17/24 |
| 15 Year Conventional Refi | 10.03% | 11/17/24 |
| 15 Year Cash-out Refi | 10.03% | 11/17/24 |
| 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. | ||
Aneca Federal Credit Union Mortgage Calculator
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This is not an official calculator from Aneca Federal Credit Union. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
49Origination Dollar Volume (All Markets)
$14,175,000Top 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 |
|---|---|---|---|---|---|
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 27 | $7,255,000 | $268,704 | $5,161 | 4.04% |
| Outside of Metro Areas | 11 | $2,415,000 | $219,545 | $3,442 | 4.22% |
| MONROE, LA (FHA|USDA|VA) | 4 | $1,470,000 | $367,500 | $6,092 | 3.06% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $10,807 | 3.75% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $8,119 | 3.13% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $9,749 | 3.13% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $8,080 | 3.00% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $5,564 | 3.25% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,869 | 2.75% |
| Ruston, LA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,444 | 3.75% |
Similar Lenders
We use machine learning to identify the top lenders compared against ANECA Federal Credit Union 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 | 49 | $14,175,000 | $289,286 | $5,141 | 3.88% |
For 2021, Aneca Federal Credit Union's most frequently originated type of loan was Conventional, with 49 originations.
Loan Reason
For 2021, Aneca Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 32 originations. The 2nd most popular reason was Refi, with 14 originations.
Loan Duration/Length
For 2021, Aneca Federal Credit Union's most frequently cited loan duration was 30 Year, with 34 originations. The 2nd most popular length was 15 Year, with 10 originations.
Origination Fees/Closing Costs
Aneca Federal Credit Union's average total fees were $5,956, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 18 originations.
Interest Rates
During 2021, Aneca Federal Credit Union's average interest rate for loans was 3.43%, while their most frequently originated rate bucket for loans was 3-4%, with 21 originations.
Loan Sizing
2021 saw Aneca Federal Credit Union place emphasis on $100,000 or less loans with 14 originations, totaling $700,000 in origination value.
Applicant Income
Aneca Federal Credit Union lent most frequently to those with incomes in the $250k+ range, with 12 originations. The second most popular income band? $50k or less, with 12 originations.
Applicant Debt to Income Ratio
Aneca Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 5 originations. The next most common DTI ratio? <20%, with 2 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.89%
Aneca Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 49 | $14,175,000 | $289,286 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Amos Financial LLC | Conventional home mortgage | Struggling to pay mortgage | 1 | 50.0% |
| Amos Financial LLC | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 50.0% |