Associated Healthcare Credit Union Mortgage Rates, Fees & Info
Saint Paul, MNLEI: 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, and Brainerd 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.27% | 4/18/24 |
| 30 Year Conventional Refi | 6.27% | 4/18/24 |
| 30 Year Cash-out Refi | 6.27% | 4/18/24 |
| 15 Year Conventional Purchase | 5.68% | 4/18/24 |
| 15 Year Conventional Refi | 5.68% | 4/18/24 |
| 15 Year Cash-out Refi | 5.68% | 4/18/24 |
| 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. | ||
Associated Healthcare Credit Union Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
133Origination Dollar Volume (All Markets)
$8,545,000Top 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 |
|---|---|---|---|---|---|
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 124 | $7,910,000 | $63,790 | $201 | 6.41% |
| Outside of Metro Areas | 5 | $405,000 | $81,000 | $194 | 6.50% |
| Faribault-Northfield, MN (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $125 | 6.50% |
| Brainerd, MN (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $160 | 6.13% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 133 | $8,545,000 | $64,248 | $199 | 6.41% |
For 2023, Associated Healthcare Credit Union's most frequently originated type of loan was Conventional, with 133 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Other | 95 | $6,165,000 | $64,895 | $203 | 6.40% |
| Home Improvement | 37 | $2,345,000 | $63,378 | $191 | 6.44% |
| Refi | 1 | $35,000 | $35,000 | $101 | 6.00% |
For 2023, Associated Healthcare Credit Union's most frequently cited loan purpose was Other, with 95 originations. The 2nd most popular reason was Home Improvement, with 37 originations.
Loan Duration/Length
For 2023, Associated Healthcare Credit Union's most frequently cited loan duration was 15 Year, with 52 originations. The 2nd most popular length was 10 Year, with 48 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 133 | $8,545,000 | $64,248 |
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 133 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 73 | $5,155,000 | $70,616 |
| 5-6% | 46 | $2,450,000 | $53,261 |
| 7-8% | 12 | $850,000 | $70,833 |
| Over 8% | 2 | $90,000 | $45,000 |
During 2023, 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 73 originations.
Loan Sizing
2023 saw Associated Healthcare Credit Union place emphasis on $100,000 or less loans with 111 originations, totaling $4,905,000 in origination value.
Applicant Income
Associated Healthcare Credit Union lent most frequently to those with incomes in the $150k-250k range, with 43 originations. The second most popular income band? $100k-150k, with 39 originations.
Applicant Debt to Income Ratio
Associated Healthcare 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 24 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.73%
Associated Healthcare Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination87.97%
Associated Healthcare Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 133 | $8,545,000 | $64,248 |