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 Refi loans. Associated Healthcare Credit Union has a high proportion of conventional loans. Their top two markets are Minneapolis and Faribault .

    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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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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

    161

    Origination Dollar Volume (All Markets)

    $21,625,000

    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) 156 $20,940,000 $134,231 $199 2.90%
    Outside of Metro Areas 4 $610,000 $152,500 $687 2.78%
    Faribault-Northfield, MN (FHA|USDA|VA) 1 $75,000 $75,000 $101 2.13%
    Associated Healthcare Credit Union's top markets include Minneapolis and Faribault 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 161 $21,625,000 $134,317 $211 2.89%

    For 2021, Associated Healthcare Credit Union's most frequently originated type of loan was Conventional, with 161 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 57 $6,685,000 $117,281 $193 3.18%
    Refi 57 $9,525,000 $167,105 $215 2.47%
    Cash Out Refi 24 $4,300,000 $179,167 $193 2.32%
    Home Improvement 23 $1,115,000 $48,478 $260 3.83%

    For 2021, Associated Healthcare Credit Union's most frequently cited loan purpose was Other, with 57 originations. The 2nd most popular reason was Refi, with 57 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 88 $15,920,000 $180,909 $203 2.69%
    10 Year 35 $3,245,000 $92,714 $211 3.18%
    Other 22 $1,940,000 $88,182 $203 2.63%
    5 Year 15 $495,000 $33,000 $270 3.73%
    3 Year 1 $25,000 $25,000 $101 3.50%

    For 2021, Associated Healthcare Credit Union's most frequently cited loan duration was 15 Year, with 88 originations. The 2nd most popular length was 10 Year, with 35 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 161 $21,625,000 $134,317

    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 161 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 106 $17,380,000 $163,962
    2.5-3% 18 $2,610,000 $145,000
    3-4% 17 $525,000 $30,882
    5-6% 9 $605,000 $67,222
    4-5% 8 $320,000 $40,000
    6-7% 3 $185,000 $61,667

    During 2021, Associated Healthcare Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was <2.5%, with 106 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 71 $3,825,000 $53,873 $215 3.43%
    $100k-200k 52 $7,580,000 $145,769 $195 2.50%
    $200k-400k 36 $9,400,000 $261,111 $216 2.42%
    $400k-600k 2 $820,000 $410,000 $344 2.31%

    2021 saw Associated Healthcare Credit Union place emphasis on $100,000 or less loans with 71 originations, totaling $3,825,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 41 $5,145,000 $125,488 $194 2.75%
    $150k-250k 40 $6,330,000 $158,250 $253 3.31%
    $50k-75k 31 $4,055,000 $130,806 $166 2.79%
    $75k-100k 24 $2,820,000 $117,500 $248 2.76%
    $50k or less 16 $1,290,000 $80,625 $109 2.45%
    $250k+ 8 $1,860,000 $232,500 $360 3.27%

    Associated Healthcare Credit Union lent most frequently to those with incomes in the $100k-150k range, with 41 originations. The second most popular income band? $150k-250k, with 40 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 58 $7,880,000 $135,862 $168 2.50%
    20-30% 50 $7,760,000 $155,200 $219 2.81%
    30-36% 21 $2,565,000 $122,143 $294 3.54%
    39% 4 $500,000 $125,000 $144 2.94%
    40% 4 $820,000 $205,000 $457 3.06%
    50-60% 3 $285,000 $95,000 $101 2.38%
    44% 3 $255,000 $85,000 $130 2.79%
    45% 3 $195,000 $65,000 $144 3.42%
    46% 3 $155,000 $51,667 $234 4.13%
    48% 2 $190,000 $95,000 $147 2.44%
    49% 2 $530,000 $265,000 $344 2.44%
    36% 2 $90,000 $45,000 $544 5.38%
    37% 1 $75,000 $75,000 $144 6.50%
    42% 1 $75,000 $75,000 $101 2.38%
    41% 1 $25,000 $25,000 $144 3.50%
    43% 1 $85,000 $85,000 $106 2.38%
    38% 1 $15,000 $15,000 $144 5.50%

    Associated Healthcare Credit Union lent most frequently to those with DTI ratios of <20%, with 58 originations. The next most common DTI ratio? 20-30%, with 50 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 117 $14,845,000 $126,880 $201 2.92%
    Not provided 23 $3,565,000 $155,000 $243 2.75%
    Black 13 $2,385,000 $183,462 $268 2.46%
    Asian 6 $590,000 $98,333 $173 3.83%
    Not applicable 1 $135,000 $135,000 $144 2.63%
    American Indian 1 $105,000 $105,000 $144 2.63%

    Approval Rates

    Total approvals of all applications
    93.81%

    Associated Healthcare Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.99%

    Associated Healthcare Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 161 $21,625,000 $134,317

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    161 $21,625,000 $134,317

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 31 $2,685,000 $86,613 $176 2.95%
    40-60% 33 $5,135,000 $155,606 $151 2.41%
    60-80% 50 $11,170,000 $223,400 $223 2.44%
    80-100% 4 $890,000 $222,500 $156 2.38%
    Under 20% 43 $1,745,000 $40,581 $272 3.80%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    ASSOCIATED BANC-CORP Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 16.7%
    ASSOCIATED BANC-CORP Conventional home mortgage Incorrect information on your report 1 8.3%
    ASSOCIATED BANC-CORP Conventional home mortgage Struggling to pay mortgage 2 16.7%
    ASSOCIATED BANC-CORP Conventional home mortgage Trouble during payment process 3 25.0%
    ASSOCIATED BANC-CORP FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 8.3%
    ASSOCIATED BANC-CORP FHA mortgage Struggling to pay mortgage 1 8.3%
    ASSOCIATED BANC-CORP FHA mortgage Trouble during payment process 1 8.3%
    ASSOCIATED BANC-CORP Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 8.3%