Altana Federal Credit Union Mortgage Rates, Fees & Info

Billings, MT

LEI: 54930043A47GB1KNJQ31

Tax ID: 81-0231683

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • 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

    Altana Federal Credit Union is a smaller credit union specializing in Refi, Home Purchase, and Cash Out Refi loans. Altana Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Billings, Bozeman, Key West, Butte, and Kalispell among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    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. Altana Federal Credit Union is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 7.29% 5/4/24
    30 Year Conventional Refi 7.84% 5/4/24
    30 Year Cash-out Refi 7.50% 5/4/24
    30 Year FHA Purchase 6.27% 5/4/24
    30 Year VA Purchase 6.90% 5/4/24
    30 Year USDA Purchase 6.27% 5/4/24
    15 Year Conventional Purchase 7.85% 5/4/24
    15 Year Conventional Refi 8.62% 5/4/24
    15 Year Cash-out Refi 8.62% 5/4/24
    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






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Altana Federal Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    265

    Origination Dollar Volume (All Markets)

    $54,665,000

    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
    BILLINGS, MT (FHA|USDA|VA) 249 $49,655,000 $199,418 $3,867 3.57%
    Bozeman, MT (FHA|USDA|VA) 6 $2,180,000 $363,333 $3,385 3.03%
    Outside of Metro Areas 6 $1,180,000 $196,667 $3,771 3.89%
    Key West, FL (FHA|USDA|VA) 1 $755,000 $755,000 $10,244 3.00%
    Butte-Silver Bow, MT (FHA|USDA|VA) 1 $645,000 $645,000 $10,319 3.13%
    Kalispell, MT (FHA|USDA|VA) 1 $155,000 $155,000 $5,110 2.88%
    Helena, MT (FHA|USDA|VA) 1 $95,000 $95,000 $0 5.75%
    Altana Federal Credit Union's top markets include Billings, Bozeman, Key West, Butte, and Kalispell among others.

    Their top states include:
  • Montana (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • 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.

    The Yellowstone Bank
    Similarity Rank: 74
    BILLINGS
    Similarity Rank: 198
    Altana Federal Credit Union
    Similarity Rank: 315
    American Bank Center
    Similarity Rank: 680
    Stockman Bank of Montana
    Similarity Rank: 1649
    VILLAGE CAPITAL MORTGAGE
    Similarity Rank: 2508
    Opportunity Bank of Montana
    Similarity Rank: 3630
    MOUNTAIN AMERICA
    Similarity Rank: 4944
    CLEARPATH LENDING
    Similarity Rank: 6300
    First Interstate Bank
    Similarity Rank: 6510

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 265 $54,665,000 $206,283 $3,894 3.57%

    For 2021, Altana Federal Credit Union's most frequently originated type of loan was Conventional, with 265 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 88 $17,840,000 $202,727 $3,781 3.30%
    Home Purchase 76 $18,400,000 $242,105 $4,899 3.70%
    Cash Out Refi 73 $14,535,000 $199,110 $3,689 3.21%
    Other 22 $3,610,000 $164,091 $2,609 4.62%
    Home Improvement 6 $280,000 $46,667 $507 6.29%

    For 2021, Altana Federal Credit Union's most frequently cited loan purpose was Refi, with 88 originations. The 2nd most popular reason was Home Purchase, with 76 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 100 $28,050,000 $280,500 $5,342 3.11%
    15 Year 55 $10,935,000 $198,818 $3,609 3.01%
    10 Year 32 $3,350,000 $104,688 $1,782 4.10%
    5 Year 29 $3,115,000 $107,414 $988 4.78%
    20 Year 23 $5,725,000 $248,913 $4,753 2.91%
    Other 22 $3,290,000 $149,545 $2,829 5.17%
    3 Year 4 $200,000 $50,000 $1,102 4.63%

    For 2021, Altana Federal Credit Union's most frequently cited loan duration was 30 Year, with 100 originations. The 2nd most popular length was 15 Year, with 55 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 66 $14,410,000 $218,333
    $<1k 57 $7,005,000 $122,895
    $3k-4k 49 $13,105,000 $267,449
    $1k-2k 40 $7,360,000 $184,000
    $4k-5k 17 $6,515,000 $383,235
    $5k+ 8 $3,350,000 $418,750

    Altana Federal Credit Union's average total fees were $5,342, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 66 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 122 $28,470,000 $233,361
    3-4% 51 $13,945,000 $273,431
    4-5% 31 $4,675,000 $150,806
    <2.5% 25 $5,075,000 $203,000
    6-7% 18 $1,230,000 $68,333
    5-6% 13 $1,015,000 $78,077
    7-8% 3 $135,000 $45,000
    Over 8% 2 $120,000 $60,000

    During 2021, Altana Federal Credit Union's average interest rate for loans was 3.11%, while their most frequently originated rate bucket for loans was 2.5-3%, with 122 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 101 $27,965,000 $276,881 $5,228 3.11%
    $100k-200k 86 $13,130,000 $152,674 $3,642 3.22%
    $100,000 or less 59 $3,365,000 $57,034 $1,116 5.00%
    $400k-600k 14 $6,490,000 $463,571 $6,065 3.09%
    $600k-1MM 5 $3,715,000 $743,000 $7,252 3.15%

    2021 saw Altana Federal Credit Union place emphasis on $200k-400k loans with 101 originations, totaling $27,965,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 70 $15,290,000 $218,429 $3,992 3.69%
    $50k-75k 67 $12,135,000 $181,119 $3,989 3.46%
    $75k-100k 50 $8,030,000 $160,600 $3,444 3.53%
    $50k or less 30 $4,670,000 $155,667 $3,153 3.73%
    $150k-250k 24 $7,220,000 $300,833 $4,697 3.26%
    $250k+ 13 $5,425,000 $417,308 $4,850 3.59%

    Altana Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 70 originations. The second most popular income band? $50k-75k, with 67 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 64 $13,590,000 $212,344 $3,962 3.51%
    30-36% 42 $9,150,000 $217,857 $4,092 3.30%
    <20% 30 $5,800,000 $193,333 $3,808 3.12%
    37% 14 $3,250,000 $232,143 $4,639 3.50%
    38% 12 $2,270,000 $189,167 $3,677 3.92%
    43% 10 $2,040,000 $204,000 $4,123 2.87%
    42% 9 $2,065,000 $229,444 $4,560 3.45%
    36% 9 $2,145,000 $238,333 $4,454 3.75%
    50-60% 9 $1,425,000 $158,333 $2,625 4.68%
    41% 8 $1,560,000 $195,000 $3,294 3.70%
    >60% 8 $1,650,000 $206,250 $2,733 3.23%
    40% 7 $1,395,000 $199,286 $3,050 3.54%
    39% 7 $1,285,000 $183,571 $3,538 4.62%
    48% 5 $745,000 $149,000 $3,570 3.77%
    44% 5 $1,815,000 $363,000 $5,613 3.14%
    47% 4 $1,150,000 $287,500 $5,629 2.91%
    45% 4 $850,000 $212,500 $5,316 2.91%
    46% 2 $160,000 $80,000 $708 5.63%
    49% 2 $80,000 $40,000 $315 7.38%

    Altana Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 64 originations. The next most common DTI ratio? 30-36%, with 42 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 254 $52,990,000 $208,622 $3,892 3.54%
    Not applicable 8 $1,250,000 $156,250 $0 4.21%
    Not provided 2 $290,000 $145,000 $0 4.00%
    Black 1 $135,000 $135,000 $4,476 3.25%

    Approval Rates

    Total approvals of all applications
    86.68%

    Altana Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.91%

    Altana Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 265 $54,665,000 $206,283

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    265 $54,665,000 $206,283

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 35 $3,745,000 $107,000 $2,210 3.82%
    40-60% 54 $9,960,000 $184,444 $3,419 3.33%
    60-80% 98 $25,710,000 $262,347 $4,893 3.29%
    80-100% 49 $13,425,000 $273,980 $5,667 3.21%
    Under 20% 29 $1,825,000 $62,931 $662 5.23%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    ALLIED MORTGAGE GROUP Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 20.0%
    ALLIED MORTGAGE GROUP Conventional home mortgage Trouble during payment process 2 40.0%
    ALLIED MORTGAGE GROUP FHA mortgage Trouble during payment process 2 40.0%