Associated Healthcare Credit Union Mortgage Rates, Fees & Info
Saint Paul, MNLEI: 2549006G3AQ9DK986571
Tax ID: 41-0738787
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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, St. Cloud, Rochester, Faribault, and Marshall among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Associated Healthcare Credit Union has an 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% | 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
154Origination Dollar Volume (All Markets)
$10,790,000Top 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) | 143 | $9,885,000 | $69,126 | $212 | 4.34% |
| Outside of Metro Areas | 3 | $195,000 | $65,000 | $291 | 4.25% |
| ST. CLOUD, MN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $150 | 4.75% |
| ROCHESTER, MN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $101 | 3.38% |
| Faribault-Northfield, MN (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $373 | 4.25% |
| Marshall, MN (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $618 | 4.13% |
| DULUTH, MN-WI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $150 | 5.25% |
| Red Wing, MN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $249 | 4.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 154 | $10,790,000 | $70,065 | $220 | 4.34% |
For 2022, Associated Healthcare Credit Union's most frequently originated type of loan was Conventional, with 154 originations.
Loan Reason
For 2022, Associated Healthcare Credit Union's most frequently cited loan purpose was Other, with 82 originations. The 2nd most popular reason was Home Improvement, with 61 originations.
Loan Duration/Length
For 2022, Associated Healthcare Credit Union's most frequently cited loan duration was 10 Year, with 67 originations. The 2nd most popular length was 15 Year, with 47 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 154 | $10,790,000 | $70,065 |
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 154 originations.
Interest Rates
During 2022, Associated Healthcare Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 60 originations.
Loan Sizing
2022 saw Associated Healthcare Credit Union place emphasis on $100,000 or less loans with 121 originations, totaling $5,475,000 in origination value.
Applicant Income
Associated Healthcare Credit Union lent most frequently to those with incomes in the $150k-250k range, with 44 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 49 originations. The next most common DTI ratio? 30-36%, with 32 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.24%
Associated Healthcare Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination87.66%
Associated Healthcare Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 154 | $10,790,000 | $70,065 |