St. Anne's Credit Union Of Fall River Mass. Mortgage Rates, Fees & Info

Fall River, MA

LEI: 254900G03BZB89LOWZ28

Tax ID: 04-2128094

5 stars - out of 5 stars, based on 28 reviews

2021 Data | 2020 Data | 2019 Data | 2018 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

770

Origination Dollar Volume (All Markets)

$148,300,000

Relative 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 applications
80.90%

St. Anne's Credit Union Of Fall River Mass. has a below average approval rate.

Pick Rate

Approvals leading to origination
74.99%

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%