The Dutch Point Credit Union Mortgage Rates, Fees & Info

Wethersfield, CT

LEI: 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

222

Origination Dollar Volume (All Markets)

$14,400,000

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) 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%
The Dutch Point Credit Union's top markets include Hartford, Norwich, New Haven, Torrington, and Bridgeport among others.

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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 77 $3,925,000 $50,974 $0 0.00%
    Other 74 $4,500,000 $60,811 $0 0.00%
    Refi 55 $4,185,000 $76,091 $0 0.00%
    Cash Out Refi 12 $980,000 $81,667 $0 0.00%
    Home Purchase 3 $715,000 $238,333 $0 0.00%
    NA 1 $95,000 $95,000 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 193 $9,955,000 $51,580 $0 0.00%
    $100k-200k 24 $3,150,000 $131,250 $0 0.00%
    $200k-400k 5 $1,295,000 $259,000 $0 0.00%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 57 $3,735,000 $65,526 $0 0.00%
    $150k-250k 46 $3,580,000 $77,826 $0 0.00%
    $75k-100k 40 $2,200,000 $55,000 $0 0.00%
    $50k-75k 39 $1,795,000 $46,026 $0 0.00%
    $250k+ 13 $1,205,000 $92,692 $0 0.00%
    $50k or less 9 $295,000 $32,778 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 188 $12,170,000 $64,734 $0 0.00%
    Not provided 14 $1,170,000 $83,571 $0 0.00%
    Black 17 $765,000 $45,000 $0 0.00%
    Asian 2 $260,000 $130,000 $0 0.00%
    Not applicable 1 $35,000 $35,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.70%

    The Dutch Point Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    63.51%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    222 $14,400,000 $64,865