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

Fall River, MA

LEI: 254900G03BZB89LOWZ28

Tax ID: 04-2128094

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • 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

    St. Anne's Credit Union Of Fall River Mass. is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. St. Anne's Credit Union Of Fall River Mass. has a high proportion of conventional loans. Their top markets by origination volume include: Providence, Boston, and Barnstable Town among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

    St. Anne's Credit Union Of Fall River Mass. 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. St. Anne's Credit Union Of Fall River Mass. 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
    Home Equity Line of Credit (HELOC) 6.40% 4/22/24
    30 Year Conventional Purchase 6.03% 4/22/24
    30 Year Conventional Refi 6.03% 4/22/24
    30 Year Cash-out Refi 6.07% 4/22/24
    15 Year Conventional Purchase 5.98% 4/22/24
    15 Year Conventional Refi 5.93% 4/22/24
    15 Year Cash-out Refi 5.93% 4/22/24
    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.

    St. Anne's Credit Union Of Fall River Mass. Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from St. Anne's Credit Union Of Fall River Mass.. 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

    631

    Origination Dollar Volume (All Markets)

    $88,895,000

    Awards

    St. Anne's Credit Union of Fall River Mass. 30 Year Conventional Loans gold St. Anne's Credit Union of Fall River Mass. 30 Year Conventional Loans gold
    Show all (2) awards

    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
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 587 $81,085,000 $138,135 $1,798 4.08%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 43 $7,585,000 $176,395 $1,929 3.88%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $225,000 $225,000 $3,828 4.38%
    St. Anne's Credit Union Of Fall River Mass.'s top markets include Providence, Boston, and Barnstable Town among others.

    Their top states include:
  • Massachusetts (FHA|USDA|VA)
  • Rhode Island (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against St. Anne's Credit Union of Fall River Mass. based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Westport Federal Credit Union
    Similarity Rank: 23
    Notre Dame Community Federal Credit Union
    Similarity Rank: 38
    PAWTUCKET
    Similarity Rank: 60
    Bank of Easton
    Similarity Rank: 66
    Charter Oak Federal Credit Union
    Similarity Rank: 66
    SOMERSET
    Similarity Rank: 99
    MERRIMACK VALLEY
    Similarity Rank: 110
    Middlesex Federal Savings, F.A.
    Similarity Rank: 111
    Triangle Credit Union
    Similarity Rank: 147
    First Ipswich Bank
    Similarity Rank: 164

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 475 $75,025,000 $157,947 $1,811 4.25%
    HELOC 156 $13,870,000 $88,910 n/a 3.51%

    For 2018, St. Anne's Credit Union Of Fall River Mass.'s most frequently originated type of loan was Conventional, with 475 originations. Their 2nd most popular type was HELOC, with 156 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 169 $21,875,000 $129,438 $1,310 4.11%
    Home Improvement 158 $9,340,000 $59,114 $254 3.88%
    Home Purchase 149 $38,975,000 $261,577 $3,685 4.24%
    Other 82 $5,910,000 $72,073 $490 4.06%
    Refi 73 $12,795,000 $175,274 $2,277 4.02%

    For 2018, St. Anne's Credit Union Of Fall River Mass.'s most frequently cited loan purpose was Cash Out Refi, with 169 originations. The 2nd most popular reason was Home Improvement, with 158 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 208 $52,680,000 $253,269 $3,526 4.19%
    Other 159 $14,205,000 $89,340 $1,227 3.52%
    15 Year 122 $12,120,000 $99,344 $209 4.72%
    10 Year 109 $8,195,000 $75,183 $514 3.94%
    5 Year 30 $1,080,000 $36,000 $2 3.86%
    20 Year 3 $615,000 $205,000 $2,692 3.75%

    For 2018, St. Anne's Credit Union Of Fall River Mass.'s most frequently cited loan duration was 30 Year, with 208 originations. The 2nd most popular length was Other, with 159 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 342 $38,690,000 $113,129
    $1k-2k 90 $23,630,000 $262,556
    $2k-3k 20 $7,340,000 $367,000

    St. Anne's Credit Union Of Fall River Mass.'s average total fees were $3,526, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 342 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 324 $43,320,000 $133,704
    4-5% 238 $35,390,000 $148,697
    5-6% 28 $5,130,000 $183,214
    2.5-3% 20 $2,780,000 $139,000
    <2.5% 17 $1,675,000 $98,529
    7-8% 3 $415,000 $138,333
    6-7% 1 $185,000 $185,000

    During 2018, St. Anne's Credit Union Of Fall River Mass.'s average interest rate for loans was 4.19%, while their most frequently originated rate bucket for loans was 3-4%, with 324 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 308 $14,570,000 $47,305 $86 4.04%
    $200k-400k 152 $41,670,000 $274,145 $3,545 4.13%
    $100k-200k 146 $21,150,000 $144,863 $2,580 4.05%
    $400k-600k 24 $10,600,000 $441,667 $4,402 4.12%
    $600k-1MM 1 $905,000 $905,000 $5,028 4.38%

    2018 saw St. Anne's Credit Union Of Fall River Mass. place emphasis on $100,000 or less loans with 308 originations, totaling $14,570,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 171 $26,445,000 $154,649 $1,945 3.91%
    $75k-100k 128 $17,870,000 $139,609 $2,028 4.01%
    $50k-75k 119 $15,475,000 $130,042 $1,919 4.11%
    $50k or less 106 $9,440,000 $89,057 $1,157 4.19%
    $150k-250k 77 $11,815,000 $153,442 $1,805 4.03%
    $250k+ 13 $3,695,000 $284,231 $2,347 3.76%

    St. Anne's Credit Union Of Fall River Mass. lent most frequently to those with incomes in the $100k-150k range, with 171 originations. The second most popular income band? $75k-100k, with 128 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 189 $24,805,000 $131,243 $1,576 4.00%
    30-36% 124 $16,870,000 $136,048 $1,766 4.04%
    <20% 94 $9,940,000 $105,745 $1,328 3.76%
    39% 20 $3,830,000 $191,500 $2,692 4.01%
    37% 19 $3,245,000 $170,789 $2,546 4.00%
    38% 18 $2,280,000 $126,667 $2,035 4.05%
    46% 18 $2,570,000 $142,778 $1,563 4.28%
    40% 18 $2,260,000 $125,556 $2,084 4.08%
    42% 17 $3,245,000 $190,882 $2,601 4.07%
    44% 15 $2,525,000 $168,333 $2,313 4.28%
    45% 14 $1,240,000 $88,571 $754 4.32%
    36% 14 $1,620,000 $115,714 $1,327 4.25%
    43% 13 $2,105,000 $161,923 $1,875 4.13%
    48% 11 $2,455,000 $223,182 $3,374 4.06%
    41% 10 $1,690,000 $169,000 $2,256 3.86%
    49% 5 $1,115,000 $223,000 $3,446 4.45%
    47% 4 $1,000,000 $250,000 $4,033 5.19%
    50-60% 3 $475,000 $158,333 $2,074 3.96%
    >60% 1 $95,000 $95,000 $0 3.75%

    St. Anne's Credit Union Of Fall River Mass. lent most frequently to those with DTI ratios of 20-30%, with 189 originations. The next most common DTI ratio? 30-36%, with 124 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 541 $77,365,000 $143,004 $1,857 4.09%
    Not provided 64 $6,390,000 $99,844 $778 3.66%
    Not applicable 9 $2,225,000 $247,222 $0 5.44%
    Black 8 $1,100,000 $137,500 $1,944 3.98%
    Asian 3 $795,000 $265,000 $2,226 4.46%
    American Indian 4 $390,000 $97,500 $953 4.09%
    Guamanian 1 $325,000 $325,000 $3,466 4.00%
    Other Pacific Islander 1 $305,000 $305,000 $4,726 4.38%

    Approval Rates

    Total approvals of all applications
    85.04%

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

    Pick Rate

    Approvals leading to origination
    83.68%

    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 631 $88,895,000 $140,880

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 10 $2,720,000 $272,000
    Single Family (1-4 Units):Site-Built 621 $86,175,000 $138,768

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 121 $11,385,000 $94,091 $663 3.92%
    40-60% 61 $10,975,000 $179,918 $2,639 3.97%
    60-80% 99 $24,795,000 $250,455 $3,496 4.41%
    80-100% 70 $20,100,000 $287,143 $3,924 4.21%
    Under 20% 234 $9,510,000 $40,641 $19 4.00%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    STONEGATE MORTGAGE CORPORATION Conventional home mortgage Struggling to pay mortgage 1 33.3%
    STONEGATE MORTGAGE CORPORATION Conventional home mortgage Trouble during payment process 2 66.7%