Athol Credit Union Mortgage Rates, Fees & Info
Athol, MALEI: 54930075V56LV2823P16
Tax ID: 04-1046540
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Mortgage Data
Review & Overview
Athol Credit Union is a smaller credit union specializing in Home Purchase and Refi loans. Athol Credit Union has a high proportion of conventional loans. Their top two markets are Worcester and Springfield .Athol Credit Union has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.29% | 4/20/25 |
| 30 Year Conventional Refi | 6.44% | 4/20/25 |
| 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. | ||
Athol 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
24Origination Dollar Volume (All Markets)
$6,180,000Relative Rate
Athol Credit Union's average 30 year fixed mortgage rate was
6.83%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.28%.
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 |
|---|---|---|---|---|---|
| WORCESTER, MA-CT (FHA|USDA|VA) | 15 | $4,095,000 | $273,000 | $0 | 6.74% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 9 | $2,085,000 | $231,667 | $0 | 6.99% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against ATHOL CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 35
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 24 | $6,180,000 | $257,500 | $0 | 6.83% |
For 2024, Athol Credit Union's most frequently originated type of loan was Conventional, with 24 originations.
Loan Reason
For 2024, Athol Credit Union's most frequently cited loan purpose was Home Purchase, with 10 originations. The 2nd most popular reason was Home Improvement, with 6 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 22 | $6,040,000 | $274,545 | $0 | 6.83% |
| 20 Year | 2 | $140,000 | $70,000 | $0 | 6.88% |
For 2024, Athol Credit Union's most frequently cited loan duration was 30 Year, with 22 originations. The 2nd most popular length was 20 Year, with 2 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 8 | $1,790,000 | $223,750 |
| 5-6% | 7 | $1,745,000 | $249,286 |
| 7-8% | 5 | $1,275,000 | $255,000 |
| Over 8% | 4 | $1,370,000 | $342,500 |
During 2024, Athol Credit Union's average interest rate for loans was 6.83%, while their most frequently originated rate bucket for loans was 6-7%, with 8 originations.
Loan Sizing
2024 saw Athol Credit Union place emphasis on $200k-400k loans with 14 originations, totaling $3,860,000 in origination value.
Applicant Income
Athol Credit Union lent most frequently to those with incomes in the $100k-150k range, with 9 originations. The second most popular income band? $75k-100k, with 7 originations.
Applicant Debt to Income Ratio
Athol Credit Union lent most frequently to those with DTI ratios of 47%, with 3 originations. The next most common DTI ratio? 30-36%, with 3 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 23 | $6,115,000 | $265,870 | $0 | 6.84% |
| Not provided | 1 | $65,000 | $65,000 | $0 | 6.75% |
Approval Rates
Total approvals of all applications93.33%
Athol Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination95.83%
Athol Credit Union 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 |
|---|---|---|---|
| 1000.0 | 1 | $205,000 | $205,000 |
| 1070.0 | 1 | $105,000 | $105,000 |
| 1080.0 | 1 | $215,000 | $215,000 |
| 1200.0 | 1 | $245,000 | $245,000 |
| 1262.5 | 1 | $255,000 | $255,000 |
| 1325.0 | 1 | $265,000 | $265,000 |
| 1430.75 | 1 | $285,000 | $285,000 |
| 2380.0 | 1 | $235,000 | $235,000 |
| 2500.0 | 1 | $355,000 | $355,000 |
| 2600.0 | 1 | $525,000 | $525,000 |
| 3200.0 | 1 | $325,000 | $325,000 |
| 3268.5 | 1 | $325,000 | $325,000 |
| 3279.28 | 1 | $325,000 | $325,000 |
| 3500.0 | 1 | $485,000 | $485,000 |
| 4080.0 | 1 | $405,000 | $405,000 |
| 748.02 | 1 | $75,000 | $75,000 |
| 760.0 | 1 | $155,000 | $155,000 |
| 810.0 | 1 | $165,000 | $165,000 |
| 835.0 | 1 | $165,000 | $165,000 |
| 883.03 | 1 | $175,000 | $175,000 |
| NA | 4 | $890,000 | $222,500 |