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 Refi, Home Purchase, and Other loans. Athol Credit Union has a high proportion of conventional loans. Their top two markets are Worcester and Springfield .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.
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 | 6.41% | 5/4/24 |
| 30 Year Conventional Refi | 6.57% | 5/4/24 |
| 30 Year Cash-out Refi | 7.28% | 5/4/24 |
| 15 Year Conventional Purchase | 5.68% | 5/4/24 |
| 15 Year Conventional Refi | 6.13% | 5/4/24 |
| 15 Year Cash-out Refi | 6.13% | 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. | ||
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
10Origination Dollar Volume (All Markets)
$1,970,000Top 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) | 7 | $1,425,000 | $203,571 | $0 | 0.00% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $0 | 0.00% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 10 | $1,970,000 | $197,000 | $0 | 0.00% |
For 2019, Athol Credit Union's most frequently originated type of loan was Conventional, with 10 originations.
Loan Reason
For 2019, Athol Credit Union's most frequently cited loan purpose was Refi, with 4 originations. The 2nd most popular reason was Home Purchase, with 3 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 6 | $1,280,000 | $213,333 | $0 | 0.00% |
| Other | 4 | $690,000 | $172,500 | $0 | 0.00% |
For 2019, Athol Credit Union's most frequently cited loan duration was 30 Year, with 6 originations. The 2nd most popular length was Other, with 4 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-200k | 5 | $735,000 | $147,000 | $0 | 0.00% |
| $200k-400k | 4 | $1,150,000 | $287,500 | $0 | 0.00% |
| $100,000 or less | 1 | $85,000 | $85,000 | $0 | 0.00% |
2019 saw Athol Credit Union place emphasis on $100k-200k loans with 5 originations, totaling $735,000 in origination value.
Applicant Income
Athol Credit Union lent most frequently to those with incomes in the $50k-75k range, with 5 originations. The second most popular income band? $50k or less, with 3 originations.
Applicant Debt to Income Ratio
Athol Credit Union lent most frequently to those with DTI ratios of 43%, with 2 originations. The next most common DTI ratio? 45%, with 2 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 10 | $1,970,000 | $197,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications86.49%
Athol Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination30.00%
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 |
|---|---|---|---|
| Exempt | 10 | $1,970,000 | $197,000 |