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 loans. Associated Healthcare Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Minneapolis, Brainerd, Faribault, and Rochester 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. 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% 11/22/24
    30 Year Conventional Refi 6.27% 11/22/24
    30 Year Cash-out Refi 6.27% 11/22/24
    15 Year Conventional Purchase 5.68% 11/22/24
    15 Year Conventional Refi 5.68% 11/22/24
    15 Year Cash-out Refi 5.68% 11/22/24
    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

    128

    Origination Dollar Volume (All Markets)

    $10,910,000

    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) 120 $10,310,000 $85,917 $315 3.76%
    Brainerd, MN (FHA|USDA|VA) 3 $395,000 $131,667 $176 3.92%
    Faribault-Northfield, MN (FHA|USDA|VA) 3 $135,000 $45,000 $314 4.71%
    ROCHESTER, MN (FHA|USDA|VA) 2 $70,000 $35,000 $125 4.25%
    Associated Healthcare Credit Union's top markets include Minneapolis, Brainerd, Faribault, and Rochester among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 128 $10,910,000 $85,234 $309 3.79%

    For 2020, Associated Healthcare Credit Union's most frequently originated type of loan was Conventional, with 128 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 84 $7,510,000 $89,405 $275 3.80%
    Home Improvement 26 $1,230,000 $47,308 $275 4.26%
    Refi 11 $1,365,000 $124,091 $532 2.97%
    Cash Out Refi 7 $805,000 $115,000 $498 3.18%

    For 2020, Associated Healthcare Credit Union's most frequently cited loan purpose was Other, with 84 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
    10 Year 56 $4,630,000 $82,679 $363 3.83%
    5 Year 24 $810,000 $33,750 $242 3.67%
    Other 24 $2,430,000 $101,250 $246 3.12%
    15 Year 23 $2,615,000 $113,696 $298 4.54%
    30 Year 1 $425,000 $425,000 $656 3.00%

    For 2020, Associated Healthcare Credit Union's most frequently cited loan duration was 10 Year, with 56 originations. The 2nd most popular length was 5 Year, with 24 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 127 $10,845,000 $85,394

    Associated Healthcare Credit Union's average total fees were $656, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 127 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 52 $6,720,000 $129,231
    3-4% 36 $1,910,000 $53,056
    4-5% 17 $675,000 $39,706
    5-6% 11 $715,000 $65,000
    6-7% 9 $495,000 $55,000
    <2.5% 2 $370,000 $185,000
    7-8% 1 $25,000 $25,000

    During 2020, Associated Healthcare Credit Union's average interest rate for loans was 3.00%, while their most frequently originated rate bucket for loans was 2.5-3%, with 52 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 89 $4,345,000 $48,820 $266 4.10%
    $100k-200k 30 $4,210,000 $140,333 $434 3.07%
    $200k-400k 8 $1,930,000 $241,250 $281 3.11%
    $400k-600k 1 $425,000 $425,000 $656 3.00%

    2020 saw Associated Healthcare Credit Union place emphasis on $100,000 or less loans with 89 originations, totaling $4,345,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 37 $3,375,000 $91,216 $408 3.90%
    $150k-250k 33 $3,315,000 $100,455 $295 3.93%
    $75k-100k 24 $1,860,000 $77,500 $284 3.67%
    $50k-75k 18 $1,510,000 $83,889 $232 3.13%
    $50k or less 13 $735,000 $56,538 $209 3.94%
    $250k+ 3 $115,000 $38,333 $338 5.17%

    Associated Healthcare Credit Union lent most frequently to those with incomes in the $100k-150k range, with 37 originations. The second most popular income band? $150k-250k, with 33 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 41 $3,445,000 $84,024 $274 3.66%
    <20% 39 $3,625,000 $92,949 $353 3.32%
    30-36% 16 $1,570,000 $98,125 $337 4.41%
    41% 5 $145,000 $29,000 $167 4.30%
    36% 4 $470,000 $117,500 $221 4.06%
    50-60% 3 $185,000 $61,667 $183 3.33%
    40% 3 $145,000 $48,333 $145 4.67%
    42% 3 $325,000 $108,333 $400 5.29%
    44% 3 $205,000 $68,333 $259 3.50%
    48% 3 $105,000 $35,000 $174 4.83%
    39% 2 $250,000 $125,000 $703 3.25%
    37% 2 $120,000 $60,000 $292 3.94%
    49% 1 $55,000 $55,000 $414 4.25%
    46% 1 $55,000 $55,000 $272 3.50%
    47% 1 $185,000 $185,000 $701 3.00%
    43% 1 $25,000 $25,000 $595 7.25%

    Associated Healthcare Credit Union lent most frequently to those with DTI ratios of 20-30%, with 41 originations. The next most common DTI ratio? <20%, with 39 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 94 $7,470,000 $79,468 $314 3.93%
    Not provided 24 $2,180,000 $90,833 $282 3.40%
    Black 6 $990,000 $165,000 $422 3.50%
    Native Hawaiian or Islander 2 $170,000 $85,000 $106 3.13%
    Asian 1 $75,000 $75,000 $417 3.50%
    American Indian 1 $25,000 $25,000 $149 3.50%

    Approval Rates

    Total approvals of all applications
    91.86%

    Associated Healthcare Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    79.69%

    Associated Healthcare Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 128 $10,910,000 $85,234

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 128 $10,910,000 $85,234

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 29 $2,375,000 $81,897 $238 3.70%
    40-60% 27 $3,545,000 $131,296 $398 3.16%
    60-80% 12 $2,160,000 $180,000 $340 2.91%
    80-100% 4 $740,000 $185,000 $540 2.84%
    Under 20% 56 $2,090,000 $37,321 $280 4.40%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    ASSOCIATED BANC-CORP Conventional home mortgage Closing on a mortgage 2 18.2%
    ASSOCIATED BANC-CORP Conventional home mortgage Trouble during payment process 6 54.5%
    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%