Seasons Federal Credit Union Mortgage Rates, Fees & Info
Middletown, CTLEI: 254900O86JRT86YLQO47
Tax ID: 06-0677569
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Seasons Federal Credit Union is a smaller credit union specializing in Other and Home Purchase loans. Seasons Federal Credit Union has a high proportion of conventional loans. Their top two markets are Hartford and New Haven .Seasons Federal 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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Originations
72Origination Dollar Volume (All Markets)
$6,580,000Top 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 |
|---|---|---|---|---|---|
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 53 | $4,995,000 | $94,245 | $0 | 0.00% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 19 | $1,585,000 | $83,421 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 72 | $6,580,000 | $91,389 | $0 | 0.00% |
For 2023, Seasons Federal Credit Union's most frequently originated type of loan was Conventional, with 72 originations.
Loan Reason
For 2023, Seasons Federal Credit Union's most frequently cited loan purpose was Other, with 31 originations. The 2nd most popular reason was Home Improvement, with 17 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 72 | $6,580,000 | $91,389 | $0 | 0.00% |
For 2023, Seasons Federal Credit Union's most frequently cited loan duration was Other, with 72 originations.
Loan Sizing
2023 saw Seasons Federal Credit Union place emphasis on $100,000 or less loans with 52 originations, totaling $2,850,000 in origination value.
Applicant Income
Seasons Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 21 originations. The second most popular income band? $75k-100k, with 17 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 72 | $6,580,000 | $91,389 | $0 | 0.00% |
Seasons Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 72 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications72.60%
Seasons Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination55.56%
Seasons Federal Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 72 | $6,580,000 | $91,389 |