Anoka Hennepin Credit Union Mortgage Rates, Fees & Info
Coon Rapids, MNLEI: 2549005NO86X9J3D1U18
Tax ID: 41-6036540
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Mortgage Data
Review & Overview
Anoka Hennepin Credit Union is a smaller credit union specializing in Home Improvement, Refi, and Other loans. Anoka Hennepin Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Minneapolis, Brainerd, Grand Rapids, and Duluth among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Anoka Hennepin 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.
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 |
|---|---|---|
| 15 Year Conventional Refi | 6.51% | 4/17/25 |
| 15 Year Cash-out Refi | 6.51% | 4/17/25 |
| 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. | ||
Anoka Hennepin Credit Union Mortgage Calculator
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Originations
137Origination Dollar Volume (All Markets)
$12,895,000Top Markets
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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 |
|---|---|---|---|---|---|
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 133 | $12,605,000 | $94,774 | $365 | 5.80% |
| Brainerd, MN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $261 | 6.75% |
| Outside of Metro Areas | 1 | $105,000 | $105,000 | $0 | 4.99% |
| Grand Rapids, MN (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.99% |
| DULUTH, MN-WI (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $291 | 6.75% |
Similar Lenders
We use machine learning to identify the top lenders compared against Anoka Hennepin 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 | 76 | $5,580,000 | $73,421 | $362 | 6.46% |
| HELOC | 61 | $7,315,000 | $119,918 | n/a | 4.99% |
For 2024, Anoka Hennepin Credit Union's most frequently originated type of loan was Conventional, with 76 originations. Their 2nd most popular type was HELOC, with 61 originations.
Loan Reason
For 2024, Anoka Hennepin Credit Union's most frequently cited loan purpose was Home Improvement, with 72 originations. The 2nd most popular reason was Refi, with 33 originations.
Loan Duration/Length
For 2024, Anoka Hennepin Credit Union's most frequently cited loan duration was 15 Year, with 94 originations. The 2nd most popular length was 10 Year, with 33 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 62 | $4,450,000 | $71,774 |
| $3k-4k | 1 | $215,000 | $215,000 |
Anoka Hennepin Credit Union's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 62 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 61 | $7,315,000 | $119,918 |
| 6-7% | 44 | $3,750,000 | $85,227 |
| 5-6% | 29 | $1,535,000 | $52,931 |
| 7-8% | 3 | $295,000 | $98,333 |
During 2024, Anoka Hennepin Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 61 originations.
Loan Sizing
2024 saw Anoka Hennepin Credit Union place emphasis on $100,000 or less loans with 91 originations, totaling $5,015,000 in origination value.
Applicant Income
Anoka Hennepin Credit Union lent most frequently to those with incomes in the $100k-150k range, with 44 originations. The second most popular income band? $150k-250k, with 43 originations.
Applicant Debt to Income Ratio
Anoka Hennepin Credit Union lent most frequently to those with DTI ratios of 20-30%, with 36 originations. The next most common DTI ratio? 30-36%, with 25 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.74%
Anoka Hennepin Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination78.83%
Anoka Hennepin Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 137 | $12,895,000 | $94,124 |