Seasons Federal Credit Union Mortgage Rates, Fees & Info

Middletown, CT

LEI: 254900O86JRT86YLQO47

Tax ID: 06-0677569

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

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Mortgage Data

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

    Seasons Federal Credit Union is a smaller credit union specializing in Refi and Cash Out Refi loans. Seasons Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Hartford, New Haven, Norwich, Bridgeport, and Worcester among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    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.

    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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    Originations

    128

    Origination Dollar Volume (All Markets)

    $18,660,000

    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
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 96 $14,450,000 $150,521 $0 0.00%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 28 $3,580,000 $127,857 $0 0.00%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 2 $270,000 $135,000 $0 0.00%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
    WORCESTER, MA-CT (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
    Seasons Federal Credit Union's top markets include Hartford, New Haven, Norwich, Bridgeport, and Worcester among others.

    Their top states include:
  • Connecticut (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 128 $18,660,000 $145,781 $0 0.00%

    For 2020, Seasons Federal Credit Union's most frequently originated type of loan was Conventional, with 128 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 68 $10,510,000 $154,559 $0 0.00%
    Cash Out Refi 46 $6,930,000 $150,652 $0 0.00%
    Home Purchase 5 $885,000 $177,000 $0 0.00%
    Home Improvement 5 $205,000 $41,000 $0 0.00%
    Other 4 $130,000 $32,500 $0 0.00%

    For 2020, Seasons Federal Credit Union's most frequently cited loan purpose was Refi, with 68 originations. The 2nd most popular reason was Cash Out Refi, with 46 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 128 $18,660,000 $145,781 $0 0.00%

    For 2020, Seasons Federal Credit Union's most frequently cited loan duration was Other, with 128 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 61 $9,035,000 $148,115 $0 0.00%
    $100,000 or less 37 $2,195,000 $59,324 $0 0.00%
    $200k-400k 29 $7,015,000 $241,897 $0 0.00%
    $400k-600k 1 $415,000 $415,000 $0 0.00%

    2020 saw Seasons Federal Credit Union place emphasis on $100k-200k loans with 61 originations, totaling $9,035,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 32 $4,640,000 $145,000 $0 0.00%
    $150k-250k 28 $4,460,000 $159,286 $0 0.00%
    $50k-75k 28 $3,540,000 $126,429 $0 0.00%
    $75k-100k 25 $3,515,000 $140,600 $0 0.00%
    $250k+ 9 $1,705,000 $189,444 $0 0.00%
    $50k or less 4 $300,000 $75,000 $0 0.00%

    Seasons Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 32 originations. The second most popular income band? $150k-250k, with 28 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 128 $18,660,000 $145,781 $0 0.00%

    Seasons Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 128 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 108 $15,220,000 $140,926 $0 0.00%
    Not provided 13 $2,295,000 $176,538 $0 0.00%
    Black 6 $1,040,000 $173,333 $0 0.00%
    Other Asian 1 $105,000 $105,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.12%

    Seasons Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    70.31%

    Seasons Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 128 $18,660,000 $145,781

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 128 $18,660,000 $145,781