Associated Healthcare Credit Union Mortgage Rates, Fees & Info

Saint Paul, MN

LEI: 2549006G3AQ9DK986571

Tax ID: 41-0738787

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Mortgage Data

Review & Overview

Associated Healthcare Credit Union is a smaller credit union specializing in Other and Home Improvement loans. Associated Healthcare Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Minneapolis, Faribault, Mankato, and St. Cloud among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

Associated Healthcare 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
30 Year Conventional Purchase 6.72% 6/22/25
30 Year Conventional Refi 6.72% 6/22/25
15 Year Conventional Refi 7.72% 6/22/25
15 Year Cash-out Refi 7.72% 6/22/25
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.

Associated Healthcare Credit Union Mortgage Calculator






Your Estimates

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

This is not an official calculator from Associated Healthcare 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

105

Origination Dollar Volume (All Markets)

$6,495,000

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
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 101 $6,125,000 $60,644 $275 7.26%
Faribault-Northfield, MN (FHA|USDA|VA) 2 $160,000 $80,000 $473 6.88%
MANKATO, MN (FHA|USDA|VA) 1 $155,000 $155,000 $306 6.88%
ST. CLOUD, MN (FHA|USDA|VA) 1 $55,000 $55,000 $156 6.75%
Associated Healthcare Credit Union's top markets include Minneapolis, Faribault, Mankato, and St. Cloud among others.

Their top states include:
  • Minnesota (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 105 $6,495,000 $61,857 $278 7.24%

    For 2024, Associated Healthcare Credit Union's most frequently originated type of loan was Conventional, with 105 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 75 $4,335,000 $57,800 $271 7.27%
    Home Improvement 26 $1,850,000 $71,154 $283 7.20%
    Cash Out Refi 2 $120,000 $60,000 $206 7.08%
    Home Purchase 1 $35,000 $35,000 $206 6.90%
    Refi 1 $155,000 $155,000 $822 7.25%

    For 2024, Associated Healthcare Credit Union's most frequently cited loan purpose was Other, with 75 originations. The 2nd most popular reason was Home Improvement, with 26 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 45 $3,815,000 $84,778 $303 7.53%
    10 Year 41 $2,105,000 $51,341 $282 7.12%
    5 Year 19 $575,000 $30,263 $204 6.85%

    For 2024, Associated Healthcare Credit Union's most frequently cited loan duration was 15 Year, with 45 originations. The 2nd most popular length was 10 Year, with 41 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 104 $6,460,000 $62,115

    Associated Healthcare 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 104 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 50 $2,460,000 $49,200
    7-8% 47 $3,285,000 $69,894
    Over 8% 8 $750,000 $93,750

    During 2024, Associated Healthcare Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 6-7%, with 50 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 86 $3,860,000 $44,884 $241 7.21%
    $100k-200k 18 $2,330,000 $129,444 $441 7.41%
    $200k-400k 1 $305,000 $305,000 $417 7.50%

    2024 saw Associated Healthcare Credit Union place emphasis on $100,000 or less loans with 86 originations, totaling $3,860,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 31 $2,155,000 $69,516 $320 7.30%
    $100k-150k 27 $1,645,000 $60,926 $271 7.20%
    $75k-100k 21 $1,015,000 $48,333 $225 7.13%
    $250k+ 11 $895,000 $81,364 $364 7.36%
    $50k-75k 10 $610,000 $61,000 $227 7.38%
    $50k or less 5 $175,000 $35,000 $176 7.13%

    Associated Healthcare Credit Union lent most frequently to those with incomes in the $150k-250k range, with 31 originations. The second most popular income band? $100k-150k, with 27 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 31 $1,855,000 $59,839 $293 7.37%
    30-36% 18 $1,010,000 $56,111 $268 7.13%
    <20% 10 $610,000 $61,000 $308 7.06%
    50-60% 10 $620,000 $62,000 $207 7.27%
    41% 4 $290,000 $72,500 $246 7.04%
    37% 4 $250,000 $62,500 $246 7.25%
    38% 4 $340,000 $85,000 $318 7.39%
    46% 4 $200,000 $50,000 $245 7.16%
    42% 3 $165,000 $55,000 $204 7.17%
    44% 3 $165,000 $55,000 $212 7.67%
    39% 3 $205,000 $68,333 $380 7.05%
    47% 2 $150,000 $75,000 $267 8.00%
    48% 2 $160,000 $80,000 $256 6.75%
    40% 2 $90,000 $45,000 $203 7.88%
    45% 2 $180,000 $90,000 $265 7.00%
    >60% 2 $140,000 $70,000 $604 6.75%
    36% 1 $65,000 $65,000 $261 7.00%

    Associated Healthcare Credit Union lent most frequently to those with DTI ratios of 20-30%, with 31 originations. The next most common DTI ratio? 30-36%, with 18 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 75 $4,645,000 $61,933 $284 7.20%
    Not provided 20 $1,140,000 $57,000 $243 7.28%
    Black 7 $485,000 $69,286 $241 7.54%
    Asian 2 $190,000 $95,000 $514 7.08%
    American Indian 1 $35,000 $35,000 $261 8.00%

    Approval Rates

    Total approvals of all applications
    94.57%

    Associated Healthcare Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.76%

    Associated Healthcare Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    607.49 1 $25,000 $25,000
    NA 104 $6,470,000 $62,212

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    105 $6,495,000 $61,857

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 26 $2,440,000 $93,846 $351 7.35%
    40-60% 2 $310,000 $155,000 $333 7.38%
    60-80% 3 $565,000 $188,333 $330 7.54%
    Under 20% 74 $3,180,000 $42,973 $248 7.19%