St. Anne's Credit Union Of Fall River Mass. Mortgage Rates, Fees & Info
Fall River, MALEI: 254900G03BZB89LOWZ28
Tax ID: 04-2128094
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Mortgage Data
Review & 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 by origination volume include: Providence, Boston, Barnstable Town, and Worcester among others. We have data for 4 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 an average 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.40% | 5/4/24 |
| 30 Year Conventional Purchase | 6.03% | 5/4/24 |
| 30 Year Conventional Refi | 6.03% | 5/4/24 |
| 30 Year Cash-out Refi | 6.07% | 5/4/24 |
| 15 Year Conventional Purchase | 5.98% | 5/4/24 |
| 15 Year Conventional Refi | 5.93% | 5/4/24 |
| 15 Year Cash-out Refi | 5.93% | 5/4/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
770Origination Dollar Volume (All Markets)
$148,300,000Top 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 |
|---|---|---|---|---|---|
| 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% |
Their top states include:
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 491 | $119,185,000 | $242,739 | $4,167 | 2.96% |
| HELOC | 279 | $29,115,000 | $104,355 | n/a | 3.04% |
For 2021, St. Anne's Credit Union Of Fall River Mass.'s most frequently originated type of loan was Conventional, with 491 originations. Their 2nd most popular type was HELOC, with 279 originations.
Loan Reason
For 2021, St. Anne's Credit Union Of Fall River Mass.'s most frequently cited loan purpose was Cash Out Refi, with 281 originations. The 2nd most popular reason was Home Improvement, with 161 originations.
Loan Duration/Length
For 2021, St. Anne's Credit Union Of Fall River Mass.'s most frequently cited loan duration was Other, with 281 originations. The 2nd most popular length was 30 Year, with 257 originations.
Origination Fees/Closing Costs
St. Anne's Credit Union Of Fall River Mass.'s average total fees were $4,857, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.03%, while their most frequently originated rate bucket for loans was 2.5-3%, with 454 originations.
Loan Sizing
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
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
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
Approval Rates
Total approvals of all applications79.48%
St. Anne's Credit Union Of Fall River Mass. has a below average approval rate.
Pick Rate
Approvals leading to origination74.16%
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 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| STONEGATE MORTGAGE CORPORATION | VA mortgage | Closing on a mortgage | 1 | 100.0% |