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
  • 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 Cash Out Refi and Home Purchase loans. Altana Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Billings, Great Falls, Missoula, and Phoenix among others. We have data for 5 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

    196

    Origination Dollar Volume (All Markets)

    $39,120,000

    Awards

    Altana Federal Credit Union 30 Year Conventional Loans silver
    Show all (1) awards

    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) 179 $36,645,000 $204,721 $3,316 4.97%
    Outside of Metro Areas 14 $1,740,000 $124,286 $2,858 5.02%
    GREAT FALLS, MT (FHA|USDA|VA) 1 $375,000 $375,000 $9,371 3.75%
    MISSOULA, MT (FHA|USDA|VA) 1 $255,000 $255,000 $0 5.50%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $105,000 $105,000 $3,530 5.25%
    Altana Federal Credit Union's top markets include Billings, Great Falls, Missoula, and Phoenix among others.

    Their top states include:
  • Montana (FHA|USDA|VA)
  • Wyoming (FHA|USDA|VA)
  • Arizona (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: 36
    VALLEY FINANCIAL CREDIT UNION
    Similarity Rank: 39
    BILLINGS
    Similarity Rank: 93
    Altana Federal Credit Union
    Similarity Rank: 150
    American Bank Center
    Similarity Rank: 990
    Stockman Bank of Montana
    Similarity Rank: 1088
    Opportunity Bank of Montana
    Similarity Rank: 1656
    UNIVERSAL LENDING CORPORATION
    Similarity Rank: 4176
    Glacier Bank
    Similarity Rank: 4346
    First Interstate Bank
    Similarity Rank: 4964

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 194 $38,660,000 $199,278 $3,254 4.98%
    VA 2 $460,000 $230,000 $9,481 4.25%

    For 2022, Altana Federal Credit Union's most frequently originated type of loan was Conventional, with 194 originations. Their 2nd most popular type was VA, with 2 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 72 $16,950,000 $235,417 $3,570 4.20%
    Home Purchase 61 $15,045,000 $246,639 $5,316 5.10%
    Refi 26 $4,790,000 $184,231 $2,046 4.53%
    Other 23 $1,495,000 $65,000 $660 6.38%
    Home Improvement 14 $840,000 $60,000 $680 6.95%

    For 2022, Altana Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 72 originations. The 2nd most popular reason was Home Purchase, with 61 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 57 $17,455,000 $306,228 $5,696 4.85%
    15 Year 49 $8,125,000 $165,816 $2,501 4.03%
    10 Year 36 $3,240,000 $90,000 $1,120 5.61%
    Other 22 $4,420,000 $200,909 $2,747 6.48%
    5 Year 21 $3,675,000 $175,000 $1,675 5.11%
    3 Year 6 $1,180,000 $196,667 $2,635 5.08%
    20 Year 5 $1,025,000 $205,000 $5,608 3.68%

    For 2022, Altana Federal Credit Union's most frequently cited loan duration was 30 Year, with 57 originations. The 2nd most popular length was 15 Year, with 49 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 69 $8,835,000 $128,043
    $1k-2k 42 $8,680,000 $206,667
    $2k-3k 28 $5,830,000 $208,214
    $3k-4k 22 $5,610,000 $255,000
    $4k-5k 12 $4,680,000 $390,000
    $5k+ 6 $2,000,000 $333,333

    Altana Federal Credit Union's average total fees were $5,696, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 69 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 64 $14,230,000 $222,344
    5-6% 40 $7,690,000 $192,250
    2.5-3% 28 $5,410,000 $193,214
    3-4% 23 $6,565,000 $285,435
    6-7% 19 $2,865,000 $150,789
    7-8% 10 $930,000 $93,000
    Over 8% 9 $495,000 $55,000
    <2.5% 3 $935,000 $311,667

    During 2022, Altana Federal Credit Union's average interest rate for loans was 4.85%, while their most frequently originated rate bucket for loans was 4-5%, with 64 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 75 $20,705,000 $276,067 $5,124 4.56%
    $100k-200k 56 $8,180,000 $146,071 $3,171 4.45%
    $100,000 or less 55 $3,135,000 $57,000 $885 6.19%
    $400k-600k 5 $2,485,000 $497,000 $5,714 4.20%
    $600k-1MM 4 $3,260,000 $815,000 $4,796 4.60%
    $1MM+ 1 $1,355,000 $1,355,000 $2,013 4.00%

    2022 saw Altana Federal Credit Union place emphasis on $200k-400k loans with 75 originations, totaling $20,705,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 61 $12,335,000 $202,213 $3,710 4.75%
    $75k-100k 46 $9,350,000 $203,261 $3,718 5.07%
    $150k-250k 37 $7,795,000 $210,676 $2,620 5.14%
    $50k-75k 27 $3,045,000 $112,778 $2,827 5.43%
    $50k or less 10 $1,260,000 $126,000 $3,138 4.44%
    $250k+ 6 $3,010,000 $501,667 $3,131 4.19%

    Altana Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 61 originations. The second most popular income band? $75k-100k, with 46 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 46 $7,810,000 $169,783 $3,136 4.70%
    30-36% 31 $7,525,000 $242,742 $3,407 5.17%
    <20% 22 $3,130,000 $142,273 $3,153 4.37%
    39% 11 $2,325,000 $211,364 $3,902 5.34%
    41% 8 $1,090,000 $136,250 $2,615 4.79%
    50-60% 8 $2,340,000 $292,500 $2,095 5.93%
    40% 7 $1,375,000 $196,429 $3,806 5.26%
    37% 7 $1,675,000 $239,286 $3,721 4.63%
    43% 7 $1,395,000 $199,286 $4,855 5.09%
    44% 7 $1,315,000 $187,857 $3,827 5.52%
    48% 6 $1,220,000 $203,333 $3,350 4.99%
    36% 4 $830,000 $207,500 $4,757 6.38%
    46% 3 $555,000 $185,000 $4,091 3.66%
    45% 3 $335,000 $111,667 $1,060 5.45%
    38% 3 $295,000 $98,333 $2,207 6.29%
    >60% 2 $700,000 $350,000 $4,154 4.80%
    47% 2 $260,000 $130,000 $1,250 4.55%
    49% 2 $920,000 $460,000 $4,504 5.25%
    42% 1 $505,000 $505,000 $5,607 3.75%

    Altana Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 46 originations. The next most common DTI ratio? 30-36%, with 31 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 181 $36,465,000 $201,464 $3,345 4.94%
    Not applicable 6 $1,230,000 $205,000 $0 5.17%
    Not provided 5 $1,015,000 $203,000 $3,683 6.00%
    American Indian 3 $345,000 $115,000 $2,512 5.58%
    Asian 1 $65,000 $65,000 $215 3.25%

    Approval Rates

    Total approvals of all applications
    81.02%

    Altana Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    81.12%

    Altana Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 196 $39,120,000 $199,592

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    196 $39,120,000 $199,592

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 21 $2,925,000 $139,286 $2,052 4.94%
    40-60% 36 $8,500,000 $236,111 $3,287 4.32%
    60-80% 63 $16,325,000 $259,127 $4,279 4.69%
    80-100% 34 $8,860,000 $260,588 $6,030 4.60%
    Under 20% 42 $2,510,000 $59,762 $783 6.27%