The Dutch Point Credit Union Mortgage Rates, Fees & Info
Wethersfield, CTLEI: 5493003XFPPSO0JVIB33
Tax ID: 06-6039973
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
The Dutch Point Credit Union is a smaller credit union specializing in Home Improvement, Other, and Refi loans. The Dutch Point Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Hartford, Norwich, New Haven, Torrington, and Bridgeport among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)The Dutch Point 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
222Origination Dollar Volume (All Markets)
$14,400,000Top 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) | 171 | $10,135,000 | $59,269 | $0 | 0.00% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 23 | $2,155,000 | $93,696 | $0 | 0.00% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 16 | $1,160,000 | $72,500 | $0 | 0.00% |
| Torrington, CT (FHA|USDA|VA) | 7 | $395,000 | $56,429 | $0 | 0.00% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 0.00% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 222 | $14,400,000 | $64,865 | $0 | 0.00% |
For 2023, The Dutch Point Credit Union's most frequently originated type of loan was Conventional, with 222 originations.
Loan Reason
For 2023, The Dutch Point Credit Union's most frequently cited loan purpose was Home Improvement, with 77 originations. The 2nd most popular reason was Other, with 74 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 222 | $14,400,000 | $64,865 | $0 | 0.00% |
For 2023, The Dutch Point Credit Union's most frequently cited loan duration was Other, with 222 originations.
Loan Sizing
2023 saw The Dutch Point Credit Union place emphasis on $100,000 or less loans with 193 originations, totaling $9,955,000 in origination value.
Applicant Income
The Dutch Point Credit Union lent most frequently to those with incomes in the $100k-150k range, with 57 originations. The second most popular income band? $150k-250k, with 46 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 222 | $14,400,000 | $64,865 | $0 | 0.00% |
The Dutch Point Credit Union lent most frequently to those with DTI ratios of Exempt%, with 222 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.70%
The Dutch Point Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination63.51%
The Dutch Point 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 | 222 | $14,400,000 | $64,865 |