Athol Credit Union Mortgage Rates, Fees & Info
Athol, MALEI: 54930075V56LV2823P16
Tax ID: 04-1046540
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Athol Credit Union is a smaller credit union specializing in Home Purchase and Home Improvement loans. Athol Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Worcester, Springfield, and Barnstable Town among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)Athol 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. Athol Credit Union is typically a low 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.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.41% | 12/4/24 |
| 30 Year Conventional Refi | 6.57% | 12/4/24 |
| 30 Year Cash-out Refi | 7.28% | 12/4/24 |
| 15 Year Conventional Purchase | 5.68% | 12/4/24 |
| 15 Year Conventional Refi | 6.13% | 12/4/24 |
| 15 Year Cash-out Refi | 6.13% | 12/4/24 |
| 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. | ||
Athol Credit Union Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Athol 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
24Origination Dollar Volume (All Markets)
$2,980,000Top 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 |
|---|---|---|---|---|---|
| WORCESTER, MA-CT (FHA|USDA|VA) | 17 | $1,925,000 | $113,235 | $1,972 | 4.56% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 6 | $760,000 | $126,667 | $1,839 | 4.33% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 4.88% |
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: 18
Similarity Rank: 48
Similarity Rank: 65
Similarity Rank: 130
Similarity Rank: 144
Similarity Rank: 168
Similarity Rank: 170
Similarity Rank: 182
Similarity Rank: 182
Similarity Rank: 200
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 24 | $2,980,000 | $124,167 | $1,928 | 4.51% |
For 2018, Athol Credit Union's most frequently originated type of loan was Conventional, with 24 originations.
Loan Reason
For 2018, Athol Credit Union's most frequently cited loan purpose was Home Purchase, with 13 originations. The 2nd most popular reason was Home Improvement, with 6 originations.
Loan Duration/Length
For 2018, Athol Credit Union's most frequently cited loan duration was 30 Year, with 18 originations. The 2nd most popular length was Other, with 4 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 8 | $850,000 | $106,250 |
Athol Credit Union's average total fees were $2,028, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 8 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 15 | $2,025,000 | $135,000 |
| 5-6% | 5 | $575,000 | $115,000 |
| 2.5-3% | 2 | $160,000 | $80,000 |
| 3-4% | 2 | $220,000 | $110,000 |
During 2018, Athol Credit Union's average interest rate for loans was 4.69%, while their most frequently originated rate bucket for loans was 4-5%, with 15 originations.
Loan Sizing
2018 saw Athol Credit Union place emphasis on $100k-200k loans with 17 originations, totaling $2,275,000 in origination value.
Applicant Income
Athol Credit Union lent most frequently to those with incomes in the $50k-75k range, with 11 originations. The second most popular income band? $50k or less, with 5 originations.
Applicant Debt to Income Ratio
Athol Credit Union lent most frequently to those with DTI ratios of 20-30%, with 8 originations. The next most common DTI ratio? 30-36%, with 4 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 24 | $2,980,000 | $124,167 | $1,928 | 4.51% |
Approval Rates
Total approvals of all applications88.89%
Athol Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination-4.17%
Athol 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 |
|---|---|---|---|
| 399.0 | 13 | $1,875,000 | $144,231 |
| NA | 11 | $1,105,000 | $100,455 |