Connecticut State Employees Mortgage Rates, Fees & Info
Hartford, CTLEI: 5493005H3NABV4GMAG85
Tax ID: 06-0663293
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Connecticut State Employees is a smaller mortgage company specializing in Refi loans. Connecticut State Employees has a high proportion of conventional loans. Their top markets by origination volume include: Hartford, New Haven, Worcester, Norwich, and Torrington among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Connecticut State Employees has an average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 15 Year Conventional Refi | 5.71% | 4/19/24 |
| 15 Year Cash-out Refi | 5.71% | 4/19/24 |
| 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. | ||
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
400Origination Dollar Volume (All Markets)
$44,920,000Top 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 |
|---|---|---|---|---|---|
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 259 | $29,435,000 | $113,649 | $338 | 3.65% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 62 | $7,230,000 | $116,613 | $332 | 3.73% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 27 | $2,995,000 | $110,926 | $350 | 3.72% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 27 | $2,785,000 | $103,148 | $313 | 3.83% |
| Torrington, CT (FHA|USDA|VA) | 17 | $1,755,000 | $103,235 | $332 | 3.55% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 7 | $505,000 | $72,143 | $344 | 3.37% |
| Outside of Metro Areas | 1 | $215,000 | $215,000 | $408 | 3.20% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 400 | $44,920,000 | $112,300 | $336 | 3.67% |
For 2019, Connecticut State Employees's most frequently originated type of loan was Conventional, with 400 originations.
Loan Reason
For 2019, Connecticut State Employees's most frequently cited loan purpose was Refi, with 205 originations. The 2nd most popular reason was Home Improvement, with 108 originations.
Loan Duration/Length
For 2019, Connecticut State Employees's most frequently cited loan duration was 15 Year, with 125 originations. The 2nd most popular length was 20 Year, with 93 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 295 | $37,085,000 | $125,712 |
| 4-5% | 43 | $4,665,000 | $108,488 |
| 2.5-3% | 36 | $2,460,000 | $68,333 |
| 6-7% | 18 | $390,000 | $21,667 |
| 5-6% | 8 | $320,000 | $40,000 |
During 2019, Connecticut State Employees's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 3-4%, with 295 originations.
Loan Sizing
2019 saw Connecticut State Employees place emphasis on $100,000 or less loans with 202 originations, totaling $10,060,000 in origination value.
Applicant Income
Connecticut State Employees lent most frequently to those with incomes in the $100k-150k range, with 107 originations. The second most popular income band? $75k-100k, with 100 originations.
Applicant Debt to Income Ratio
Connecticut State Employees lent most frequently to those with DTI ratios of 20-30%, with 168 originations. The next most common DTI ratio? <20%, with 142 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.48%
Connecticut State Employees has a below average approval rate.
Pick Rate
Approvals leading to origination97.75%
Connecticut State Employees has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 400 | $44,920,000 | $112,300 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 400 | $44,920,000 | $112,300 |