Associated Healthcare Credit Union Mortgage Rates, Fees & Info

Saint Paul, MN

LEI: 2549006G3AQ9DK986571

Tax ID: 41-0738787

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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, Brainerd, and Red Wing among others. We have data for 3 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 an above average pick rate when compared to similar lenders. Associated Healthcare Credit Union is typically a low 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 6.27% 4/28/24
    30 Year Conventional Refi 6.27% 4/28/24
    30 Year Cash-out Refi 6.27% 4/28/24
    15 Year Conventional Purchase 5.68% 4/28/24
    15 Year Conventional Refi 5.68% 4/28/24
    15 Year Cash-out Refi 5.68% 4/28/24
    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






    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

    126

    Origination Dollar Volume (All Markets)

    $6,540,000

    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) 124 $6,460,000 $52,097 $306 4.68%
    Brainerd, MN (FHA|USDA|VA) 1 $55,000 $55,000 $195 4.50%
    Red Wing, MN (FHA|USDA|VA) 1 $25,000 $25,000 $248 3.75%
    Associated Healthcare Credit Union's top markets include Minneapolis, Brainerd, and Red Wing among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 126 $6,540,000 $51,905 $304 4.67%

    For 2018, Associated Healthcare Credit Union's most frequently originated type of loan was Conventional, with 126 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 61 $3,275,000 $53,689 $259 4.70%
    Home Improvement 49 $2,105,000 $42,959 $347 4.67%
    Refi 11 $675,000 $61,364 $367 4.34%
    Home Purchase 2 $270,000 $135,000 $506 4.88%
    Cash Out Refi 2 $100,000 $50,000 $198 5.50%
    NA 1 $115,000 $115,000 $106 5.25%

    For 2018, Associated Healthcare Credit Union's most frequently cited loan purpose was Other, with 61 originations. The 2nd most popular reason was Home Improvement, with 49 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 49 $2,655,000 $54,184 $311 4.62%
    5 Year 33 $895,000 $27,121 $271 3.83%
    15 Year 30 $2,310,000 $77,000 $384 5.87%
    Other 12 $320,000 $26,667 $196 4.29%
    30 Year 1 $325,000 $325,000 $106 4.13%
    30+ year 1 $35,000 $35,000 $271 4.50%

    For 2018, Associated Healthcare Credit Union's most frequently cited loan duration was 10 Year, with 49 originations. The 2nd most popular length was 5 Year, with 33 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1 $65,000 $65,000

    Associated Healthcare Credit Union's average total fees were $106, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 48 $2,670,000 $55,625
    3-4% 40 $1,260,000 $31,500
    5-6% 25 $1,735,000 $69,400
    6-7% 13 $875,000 $67,308

    During 2018, Associated Healthcare Credit Union's average interest rate for loans was 4.13%, while their most frequently originated rate bucket for loans was 4-5%, with 48 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 115 $4,705,000 $40,913 $301 4.68%
    $100k-200k 9 $1,305,000 $145,000 $396 4.79%
    $200k-400k 2 $530,000 $265,000 $106 4.13%

    2018 saw Associated Healthcare Credit Union place emphasis on $100,000 or less loans with 115 originations, totaling $4,705,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 42 $2,390,000 $56,905 $299 4.67%
    $150k-250k 32 $1,750,000 $54,688 $361 4.98%
    $75k-100k 22 $1,040,000 $47,273 $276 4.48%
    $50k-75k 16 $900,000 $56,250 $300 4.72%
    $50k or less 12 $300,000 $25,000 $243 4.20%
    $250k+ 1 $45,000 $45,000 $337 3.75%

    Associated Healthcare Credit Union lent most frequently to those with incomes in the $100k-150k range, with 42 originations. The second most popular income band? $150k-250k, with 32 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 39 $1,815,000 $46,538 $306 4.75%
    <20% 30 $1,720,000 $57,333 $302 4.48%
    30-36% 17 $975,000 $57,353 $330 4.75%
    50-60% 6 $460,000 $76,667 $206 5.29%
    42% 5 $365,000 $73,000 $291 4.00%
    41% 4 $120,000 $30,000 $249 4.25%
    36% 4 $130,000 $32,500 $182 4.41%
    39% 3 $145,000 $48,333 $549 5.25%
    37% 3 $45,000 $15,000 $432 4.75%
    40% 3 $145,000 $48,333 $326 4.67%
    48% 2 $70,000 $35,000 $125 4.13%
    45% 2 $80,000 $40,000 $388 4.88%
    38% 2 $100,000 $50,000 $513 4.75%
    47% 2 $130,000 $65,000 $125 4.50%
    >60% 1 $55,000 $55,000 $0 6.50%
    44% 1 $15,000 $15,000 $145 3.75%
    46% 1 $55,000 $55,000 $545 6.00%

    Associated Healthcare Credit Union lent most frequently to those with DTI ratios of 20-30%, with 39 originations. The next most common DTI ratio? <20%, with 30 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 103 $5,155,000 $50,049 $294 4.65%
    Not provided 16 $1,020,000 $63,750 $373 4.84%
    Asian 2 $110,000 $55,000 $136 4.63%
    Black 2 $100,000 $50,000 $288 5.50%
    American Indian 2 $90,000 $45,000 $418 4.13%
    Not applicable 1 $65,000 $65,000 $367 4.50%

    Approval Rates

    Total approvals of all applications
    95.17%

    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 origination
    92.06%

    Associated Healthcare Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 126 $6,540,000 $51,905

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $55,000 $55,000
    Single Family (1-4 Units):Site-Built 125 $6,485,000 $51,880

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 32 $1,990,000 $62,188 $314 5.08%
    40-60% 1 $175,000 $175,000 $145 4.50%
    60-80% 10 $1,560,000 $156,000 $301 4.76%
    80-100% 1 $165,000 $165,000 $581 5.25%
    Under 20% 82 $2,650,000 $32,317 $300 4.50%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    ASSOCIATED BANC-CORP Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 9.1%
    ASSOCIATED BANC-CORP Conventional home mortgage Trouble during payment process 7 63.6%
    ASSOCIATED BANC-CORP Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 9.1%
    ASSOCIATED BANC-CORP Home equity loan or line of credit (HELOC) Trouble during payment process 1 9.1%
    ASSOCIATED BANC-CORP Other type of mortgage Trouble during payment process 1 9.1%