City Of Boston Credit Union Mortgage Rates, Fees & Info
Boston, MALEI: 254900PH44D8BB632E53
Tax ID: 04-1103180
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
City Of Boston Credit Union is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. City Of Boston Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Barnstable Town, Providence, Worcester, and Manchester among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)City Of Boston Credit Union has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
216Origination Dollar Volume (All Markets)
$72,390,000Top 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 |
|---|---|---|---|---|---|
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 182 | $57,960,000 | $318,462 | $0 | 0.00% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 9 | $3,965,000 | $440,556 | $0 | 0.00% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 8 | $2,560,000 | $320,000 | $0 | 0.00% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 4 | $1,750,000 | $437,500 | $0 | 0.00% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 2 | $1,380,000 | $690,000 | $0 | 0.00% |
| Keene, NH (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $0 | 0.00% |
| PITTSFIELD, MA (FHA|USDA|VA) | 1 | $875,000 | $875,000 | $0 | 0.00% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $745,000 | $248,333 | $0 | 0.00% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $0 | 0.00% |
| Laconia, NH (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 216 | $72,390,000 | $335,139 | $0 | 0.00% |
For 2022, City Of Boston Credit Union's most frequently originated type of loan was Conventional, with 216 originations.
Loan Reason
For 2022, City Of Boston Credit Union's most frequently cited loan purpose was Home Purchase, with 85 originations. The 2nd most popular reason was Cash Out Refi, with 48 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 216 | $72,390,000 | $335,139 | $0 | 0.00% |
For 2022, City Of Boston Credit Union's most frequently cited loan duration was Other, with 216 originations.
Loan Sizing
2022 saw City Of Boston Credit Union place emphasis on $200k-400k loans with 58 originations, totaling $16,980,000 in origination value.
Applicant Income
City Of Boston Credit Union lent most frequently to those with incomes in the $150k-250k range, with 71 originations. The second most popular income band? $250k+, with 52 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 216 | $72,390,000 | $335,139 | $0 | 0.00% |
City Of Boston Credit Union lent most frequently to those with DTI ratios of Exempt%, with 216 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.09%
City Of Boston Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination99.07%
City Of Boston Credit Union has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 216 | $72,390,000 | $335,139 |