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

  • 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

    The Dutch Point Credit Union is a smaller credit union specializing in 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, Worcester, and Springfield 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.

    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

    144

    Origination Dollar Volume (All Markets)

    $12,510,000

    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) 107 $9,735,000 $90,981 $0 0.00%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 17 $1,255,000 $73,824 $0 0.00%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 11 $855,000 $77,727 $0 0.00%
    WORCESTER, MA-CT (FHA|USDA|VA) 4 $260,000 $65,000 $0 0.00%
    SPRINGFIELD, MA (FHA|USDA|VA) 2 $150,000 $75,000 $0 0.00%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 2 $130,000 $65,000 $0 0.00%
    Torrington, CT (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
    The Dutch Point Credit Union's top markets include Hartford, Norwich, New Haven, Worcester, and Springfield among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 144 $12,510,000 $86,875 $0 0.00%

    For 2020, The Dutch Point Credit Union's most frequently originated type of loan was Conventional, with 144 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 77 $9,315,000 $120,974 $0 0.00%
    Other 35 $1,665,000 $47,571 $0 0.00%
    Home Improvement 27 $1,045,000 $38,704 $0 0.00%
    Home Purchase 3 $395,000 $131,667 $0 0.00%
    Cash Out Refi 2 $90,000 $45,000 $0 0.00%

    For 2020, The Dutch Point Credit Union's most frequently cited loan purpose was Refi, with 77 originations. The 2nd most popular reason was Other, with 35 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 144 $12,510,000 $86,875 $0 0.00%

    For 2020, The Dutch Point Credit Union's most frequently cited loan duration was Other, with 144 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 99 $4,635,000 $46,818 $0 0.00%
    $100k-200k 31 $4,285,000 $138,226 $0 0.00%
    $200k-400k 14 $3,590,000 $256,429 $0 0.00%

    2020 saw The Dutch Point Credit Union place emphasis on $100,000 or less loans with 99 originations, totaling $4,635,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 42 $3,460,000 $82,381 $0 0.00%
    $150k-250k 36 $4,140,000 $115,000 $0 0.00%
    $75k-100k 26 $1,250,000 $48,077 $0 0.00%
    $50k-75k 19 $1,275,000 $67,105 $0 0.00%
    $50k or less 7 $235,000 $33,571 $0 0.00%
    $250k+ 3 $985,000 $328,333 $0 0.00%

    The Dutch Point Credit Union lent most frequently to those with incomes in the $100k-150k range, with 42 originations. The second most popular income band? $150k-250k, with 36 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 144 $12,510,000 $86,875 $0 0.00%

    The Dutch Point Credit Union lent most frequently to those with DTI ratios of Exempt%, with 144 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 119 $10,735,000 $90,210 $0 0.00%
    Black 12 $660,000 $55,000 $0 0.00%
    Not provided 10 $630,000 $63,000 $0 0.00%
    Asian Indian 1 $275,000 $275,000 $0 0.00%
    Chinese 1 $105,000 $105,000 $0 0.00%
    Other Asian 1 $105,000 $105,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.08%

    The Dutch Point Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    70.83%

    The Dutch Point Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 144 $12,510,000 $86,875

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 144 $12,510,000 $86,875