Altana Federal Credit Union Mortgage Rates, Fees & Info
Billings, MTLEI: 54930043A47GB1KNJQ31
Tax ID: 81-0231683
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Mortgage Data
Review & Overview
Altana Federal Credit Union is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. Altana Federal Credit Union has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top two markets are Billings and Bozeman .Altana 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.29% | 11/22/24 |
| 30 Year Conventional Refi | 7.84% | 11/22/24 |
| 30 Year Cash-out Refi | 7.50% | 11/22/24 |
| 30 Year FHA Purchase | 6.27% | 11/22/24 |
| 30 Year VA Purchase | 6.90% | 11/22/24 |
| 30 Year USDA Purchase | 6.27% | 11/22/24 |
| 15 Year Conventional Purchase | 7.85% | 11/22/24 |
| 15 Year Conventional Refi | 8.62% | 11/22/24 |
| 15 Year Cash-out Refi | 8.62% | 11/22/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Altana Federal Credit Union Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
205Origination Dollar Volume (All Markets)
$32,575,000Top 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 |
|---|---|---|---|---|---|
| BILLINGS, MT (FHA|USDA|VA) | 195 | $30,955,000 | $158,744 | $0 | 0.00% |
| Outside of Metro Areas | 9 | $1,325,000 | $147,222 | $0 | 0.00% |
| Bozeman, MT (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Altana Federal Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 191 | $29,645,000 | $155,209 | $0 | 0.00% |
| FHA | 9 | $1,725,000 | $191,667 | $0 | 0.00% |
| VA | 5 | $1,205,000 | $241,000 | $0 | 0.00% |
For 2019, Altana Federal Credit Union's most frequently originated type of loan was Conventional, with 191 originations. Their 2nd most popular type was FHA, with 9 originations.
Loan Reason
For 2019, Altana Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 83 originations. The 2nd most popular reason was Cash Out Refi, with 60 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 205 | $32,575,000 | $158,902 | $0 | 0.00% |
For 2019, Altana Federal Credit Union's most frequently cited loan duration was Other, with 205 originations.
Loan Sizing
2019 saw Altana Federal Credit Union place emphasis on $100,000 or less loans with 76 originations, totaling $3,570,000 in origination value.
Applicant Income
Altana Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 52 originations. The second most popular income band? $75k-100k, with 47 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 205 | $32,575,000 | $158,902 | $0 | 0.00% |
Altana Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 205 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications82.04%
Altana Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination69.76%
Altana Federal 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 | 205 | $32,575,000 | $158,902 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 9 | $815,000 | $90,556 |
| Single Family (1-4 Units):Site-Built | 196 | $31,760,000 | $162,041 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| ALLIED MORTGAGE GROUP | Conventional home mortgage | Closing on a mortgage | 1 | 33.3% |
| ALLIED MORTGAGE GROUP | Conventional home mortgage | Trouble during payment process | 1 | 33.3% |
| ALLIED MORTGAGE GROUP | Other type of mortgage | Trouble during payment process | 1 | 33.3% |