St. Anne's Credit Union Of Fall River Mass. Mortgage Rates, Fees & Info
Fall River, MALEI: 254900G03BZB89LOWZ28
Tax ID: 04-2128094
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
St. Anne's Credit Union Of Fall River Mass. is a smaller credit union specializing in Cash Out Refi and Refi loans. St. Anne's Credit Union Of Fall River Mass. has a high proportion of conventional loans. Their top markets include Providence, Boston, Barnstable Town, and Worcester among others. St. Anne's Credit Union Of Fall River Mass. has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. St. Anne's Credit Union Of Fall River Mass. is typically an average fee lendor.Originations
770Origination Dollar Volume (All Markets)
$148,300,000Relative Rate
St. Anne's Credit Union Of Fall River Mass.'s average 30 year fixed rate mortgage of loans were
3.03%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.12%.
Relative Fees
St. Anne's Credit Union Of Fall River Mass.'s average total fees for a 30 year fixed rate
mortgage are $4,857.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 714 | $135,870,000 | $190,294 | $4,152 | 3.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 47 | $10,235,000 | $217,766 | $4,310 | 2.79% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 7 | $1,485,000 | $212,143 | $3,777 | 2.86% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $6,169 | 3.06% |
St. Anne's Credit Union Of Fall River Mass.'s top markets include Providence, Boston, Barnstable Town, and Worcester among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 770 | $148,300,000 | $192,597 | $4,167 | 2.99% |
For the 2021 period, St. Anne's Credit Union Of Fall River Mass.'s most frequently originated loan type of loans were Conventional, with 770 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 281 | $67,995,000 | $241,975 | $4,325 | 2.96% |
| Home Improvement | 161 | $11,485,000 | $71,335 | $1,304 | 3.15% |
| Refi | 155 | $35,105,000 | $226,484 | $4,333 | 2.77% |
| Home Purchase | 98 | $25,070,000 | $255,816 | $4,404 | 2.95% |
| Other | 75 | $8,645,000 | $115,267 | $1,469 | 3.22% |
For the 2021, St. Anne's Credit Union Of Fall River Mass.'s most frequently cited loan purpose of loans were Cash Out Refi, with 281 originations. The 2nd most popular reason of loans were Home Improvement, with 161 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 281 | $29,555,000 | $105,178 | $8,893 | 3.03% |
| 30 Year | 257 | $69,735,000 | $271,342 | $4,857 | 3.03% |
| 15 Year | 116 | $22,450,000 | $193,534 | $3,351 | 2.88% |
| 10 Year | 83 | $19,195,000 | $231,265 | $2,983 | 2.80% |
| 20 Year | 32 | $7,160,000 | $223,750 | $4,118 | 3.02% |
| 1 Year | 1 | $205,000 | $205,000 | $0 | 5.25% |
For the 2021, St. Anne's Credit Union Of Fall River Mass.'s most frequently cited loan length of loans were Other, with 281 originations. The 2nd most popular length of loans were 30 Year, with 257 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 287 | $67,035,000 | $233,571 |
| $2k-3k | 70 | $14,450,000 | $206,429 |
| $3k-4k | 65 | $22,815,000 | $351,000 |
| $<1k | 46 | $3,630,000 | $78,913 |
$4,857 of loans were St. Anne's Credit Union Of Fall River Mass.'s average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 287 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 454 | $77,030,000 | $169,670 |
| 3-4% | 172 | $47,310,000 | $275,058 |
| <2.5% | 110 | $20,730,000 | $188,455 |
| 4-5% | 23 | $2,225,000 | $96,739 |
| 5-6% | 11 | $1,005,000 | $91,364 |
During 2021, St. Anne's Credit Union Of Fall River Mass.'s average interest rate of loans were 3.03%, while their most frequently originated rate bucket of loans were 2.5-3%, with 454 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 281 | $77,875,000 | $277,135 | $4,628 | 2.96% |
| $100,000 or less | 223 | $11,665,000 | $52,309 | $1,644 | 3.14% |
| $100k-200k | 221 | $31,835,000 | $144,050 | $3,980 | 2.85% |
| $400k-600k | 42 | $19,370,000 | $461,190 | $5,726 | 2.98% |
| $1MM+ | 2 | $6,690,000 | $3,345,000 | $5,409 | 3.33% |
| $600k-1MM | 1 | $865,000 | $865,000 | $5,798 | 3.13% |
2021 saw St. Anne's Credit Union Of Fall River Mass. place emphasis on $200k-400k loans with 281 originations, totaling $77,875,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 219 | $43,235,000 | $197,420 | $4,266 | 3.02% |
| $50k-75k | 159 | $25,555,000 | $160,723 | $4,101 | 2.92% |
| $75k-100k | 157 | $28,535,000 | $181,752 | $4,180 | 2.98% |
| $150k-250k | 119 | $25,165,000 | $211,471 | $4,134 | 2.96% |
| $50k or less | 81 | $9,235,000 | $114,012 | $3,964 | 2.94% |
| $250k+ | 21 | $6,945,000 | $330,714 | $4,658 | 2.89% |
St. Anne's Credit Union Of Fall River Mass. lent most frequently to those with incomes in the $100k-150k range, with 219 originations. The second most popular income band? $50k-75k, with 159 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 184 | $30,560,000 | $166,087 | $4,158 | 2.97% |
| 30-36% | 157 | $30,385,000 | $193,535 | $4,093 | 2.98% |
| <20% | 82 | $13,160,000 | $160,488 | $4,278 | 2.89% |
| 39% | 35 | $5,965,000 | $170,429 | $4,449 | 2.99% |
| 36% | 32 | $5,290,000 | $165,313 | $3,799 | 2.98% |
| 43% | 29 | $6,265,000 | $216,034 | $4,282 | 2.78% |
| 38% | 26 | $4,960,000 | $190,769 | $4,050 | 3.04% |
| 40% | 26 | $4,290,000 | $165,000 | $3,375 | 3.00% |
| 44% | 25 | $4,315,000 | $172,600 | $3,907 | 2.91% |
| 42% | 24 | $4,650,000 | $193,750 | $3,965 | 3.21% |
| 37% | 23 | $4,615,000 | $200,652 | $4,354 | 3.02% |
| 49% | 20 | $5,040,000 | $252,000 | $4,912 | 2.89% |
| 45% | 17 | $2,835,000 | $166,765 | $4,233 | 2.92% |
| 46% | 16 | $3,670,000 | $229,375 | $4,681 | 2.86% |
| 47% | 16 | $2,930,000 | $183,125 | $4,322 | 3.19% |
| 41% | 15 | $4,025,000 | $268,333 | $4,568 | 3.01% |
| 50-60% | 15 | $2,805,000 | $187,000 | $4,645 | 3.00% |
| 48% | 12 | $2,530,000 | $210,833 | $4,834 | 3.10% |
| >60% | 1 | $205,000 | $205,000 | $0 | 2.99% |
St. Anne's Credit Union Of Fall River Mass. lent most frequently to those with DTI ratios of 20-30%, with 184 originations. The next most common DTI ratio? 30-36%, with 157 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 695 | $130,295,000 | $187,475 | $4,193 | 2.97% |
| Not applicable | 9 | $8,225,000 | $913,889 | $0 | 3.74% |
| Not provided | 50 | $6,800,000 | $136,000 | $3,570 | 3.01% |
| Asian | 7 | $1,485,000 | $212,143 | $3,415 | 3.25% |
| Black | 5 | $885,000 | $177,000 | $4,256 | 3.19% |
| American Indian | 4 | $610,000 | $152,500 | $4,044 | 2.96% |
Approval Rates
Total approvals of all applications80.90%
St. Anne's Credit Union Of Fall River Mass. has a below average approval rate.
Pick Rate
Approvals leading to origination74.99%
St. Anne's Credit Union Of Fall River Mass. has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 770 | $148,300,000 | $192,597 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 770 | $148,300,000 | $192,597 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 159 | $21,535,000 | $135,440 | $3,786 | 2.80% |
| 40-60% | 172 | $37,860,000 | $220,116 | $4,392 | 2.84% |
| 60-80% | 186 | $62,800,000 | $337,634 | $4,777 | 3.04% |
| 80-100% | 47 | $15,175,000 | $322,872 | $4,908 | 3.08% |
| Under 20% | 206 | $10,930,000 | $53,058 | $1,005 | 3.18% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| STONEGATE MORTGAGE CORPORATION | VA mortgage | Closing on a mortgage | 1 | 100.0% |
