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 and Home Purchase loans. Athol Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Worcester, Springfield, Barnstable Town, and Pittsfield among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Athol Credit Union has an above average approval rate when compared to the average across all lenders. They have a below 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 | 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
74Origination Dollar Volume (All Markets)
$13,510,000Top 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) | 39 | $7,985,000 | $204,744 | $0 | 3.07% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 33 | $4,875,000 | $147,727 | $0 | 3.17% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 3.13% |
| PITTSFIELD, MA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 4.25% |
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 | 74 | $13,510,000 | $182,568 | $0 | 3.13% |
For 2020, Athol Credit Union's most frequently originated type of loan was Conventional, with 74 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 54 | $10,110,000 | $187,222 | $0 | 3.04% |
| Home Purchase | 19 | $3,135,000 | $165,000 | $0 | 3.36% |
| Other | 1 | $265,000 | $265,000 | $0 | 3.63% |
For 2020, Athol Credit Union's most frequently cited loan purpose was Refi, with 54 originations. The 2nd most popular reason was Home Purchase, with 19 originations.
Loan Duration/Length
For 2020, Athol Credit Union's most frequently cited loan duration was 30 Year, with 42 originations. The 2nd most popular length was 15 Year, with 22 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 74 | $13,510,000 | $182,568 |
Athol Credit Union's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 74 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 38 | $7,490,000 | $197,105 |
| 2.5-3% | 20 | $3,440,000 | $172,000 |
| <2.5% | 12 | $1,870,000 | $155,833 |
| 4-5% | 4 | $710,000 | $177,500 |
During 2020, Athol Credit Union's average interest rate for loans was 3.45%, while their most frequently originated rate bucket for loans was 3-4%, with 38 originations.
Loan Sizing
2020 saw Athol Credit Union place emphasis on $100k-200k loans with 47 originations, totaling $6,895,000 in origination value.
Applicant Income
Athol Credit Union lent most frequently to those with incomes in the $100k-150k range, with 19 originations. The second most popular income band? $50k-75k, with 19 originations.
Applicant Debt to Income Ratio
Athol Credit Union lent most frequently to those with DTI ratios of 30-36%, with 16 originations. The next most common DTI ratio? 20-30%, with 13 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 72 | $13,140,000 | $182,500 | $0 | 3.13% |
| Asian | 1 | $185,000 | $185,000 | $0 | 3.13% |
| Not provided | 1 | $185,000 | $185,000 | $0 | 3.13% |
Approval Rates
Total approvals of all applications100.00%
Athol Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination85.14%
Athol Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1000.0 | 1 | $105,000 | $105,000 |
| 1030.0 | 1 | $105,000 | $105,000 |
| 1035.0 | 1 | $105,000 | $105,000 |
| 1060.0 | 1 | $105,000 | $105,000 |
| 1080.0 | 1 | $105,000 | $105,000 |
| 1140.0 | 1 | $115,000 | $115,000 |
| 1144.0 | 1 | $115,000 | $115,000 |
| 1170.0 | 1 | $115,000 | $115,000 |
| 1235.0 | 1 | $125,000 | $125,000 |
| 1250.0 | 1 | $125,000 | $125,000 |
| 1260.0 | 1 | $125,000 | $125,000 |
| 1270.0 | 1 | $125,000 | $125,000 |
| 1290.0 | 1 | $125,000 | $125,000 |
| 1310.0 | 1 | $135,000 | $135,000 |
| 1311.5 | 1 | $135,000 | $135,000 |
| 1360.0 | 1 | $135,000 | $135,000 |
| 1368.0 | 1 | $135,000 | $135,000 |
| 1390.0 | 2 | $270,000 | $135,000 |
| 1410.0 | 1 | $145,000 | $145,000 |
| 1420.1 | 1 | $145,000 | $145,000 |
| 1435.0 | 1 | $145,000 | $145,000 |
| 1440.0 | 2 | $290,000 | $145,000 |
| 1450.5 | 1 | $145,000 | $145,000 |
| 1482.0 | 1 | $145,000 | $145,000 |
| 1500.0 | 1 | $155,000 | $155,000 |
| 1505.0 | 1 | $155,000 | $155,000 |
| 1557.5 | 1 | $155,000 | $155,000 |
| 1600.0 | 1 | $165,000 | $165,000 |
| 1614.05 | 1 | $165,000 | $165,000 |
| 1650.0 | 1 | $165,000 | $165,000 |
| 1657.0 | 1 | $165,000 | $165,000 |
| 1680.0 | 2 | $330,000 | $165,000 |
| 1744.0 | 1 | $175,000 | $175,000 |
| 1760.0 | 1 | $175,000 | $175,000 |
| 1770.0 | 1 | $175,000 | $175,000 |
| 1816.0 | 1 | $185,000 | $185,000 |
| 1825.8 | 1 | $185,000 | $185,000 |
| 1850.0 | 1 | $185,000 | $185,000 |
| 1859.15 | 1 | $185,000 | $185,000 |
| 1860.0 | 1 | $185,000 | $185,000 |
| 1876.25 | 1 | $185,000 | $185,000 |
| 1890.0 | 1 | $185,000 | $185,000 |
| 1985.5 | 1 | $195,000 | $195,000 |
| 2000.0 | 2 | $410,000 | $205,000 |
| 2080.0 | 1 | $205,000 | $205,000 |
| 2120.0 | 1 | $215,000 | $215,000 |
| 2160.0 | 1 | $105,000 | $105,000 |
| 2270.0 | 1 | $225,000 | $225,000 |
| 2272.0 | 1 | $225,000 | $225,000 |
| 2389.57 | 1 | $235,000 | $235,000 |
| 2450.0 | 1 | $245,000 | $245,000 |
| 2550.0 | 1 | $255,000 | $255,000 |
| 2640.0 | 1 | $265,000 | $265,000 |
| 2648.0 | 1 | $265,000 | $265,000 |
| 2650.0 | 1 | $265,000 | $265,000 |
| 2690.0 | 1 | $265,000 | $265,000 |
| 2885.0 | 1 | $285,000 | $285,000 |
| 2980.0 | 1 | $295,000 | $295,000 |
| 3087.5 | 1 | $305,000 | $305,000 |
| 3600.0 | 1 | $365,000 | $365,000 |
| 3780.0 | 1 | $375,000 | $375,000 |
| 4376.0 | 1 | $435,000 | $435,000 |
| 4482.0 | 1 | $445,000 | $445,000 |
| 5000.0 | 1 | $505,000 | $505,000 |
| 750.0 | 1 | $75,000 | $75,000 |
| 780.0 | 1 | $75,000 | $75,000 |
| 900.0 | 1 | $95,000 | $95,000 |
| 950.0 | 2 | $190,000 | $95,000 |
| 970.0 | 1 | $95,000 | $95,000 |