Connex Credit Union Mortgage Rates, Fees & Info

North Haven, CT

LEI: 549300CA0J0Z7OFQBG71

Tax ID: 06-0655052

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Connex Credit Union is a smaller credit union specializing in Home Improvement, Other, and Cash Out Refi loans. Connex Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: New Haven, Hartford, Bridgeport, and Norwich among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Connex Credit Union has an average approval rate when compared to the average across all lenders. They have an 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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    Originations

    172

    Origination Dollar Volume (All Markets)

    $11,290,000

    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
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 144 $9,440,000 $65,556 $0 0.00%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 21 $1,215,000 $57,857 $0 0.00%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 6 $580,000 $96,667 $0 0.00%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
    Connex Credit Union's top markets include New Haven, Hartford, Bridgeport, and Norwich among others.

    Their top states include:
  • Connecticut (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 172 $11,290,000 $65,640 $0 0.00%

    For 2018, Connex Credit Union's most frequently originated type of loan was Conventional, with 172 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 60 $2,280,000 $38,000 $0 0.00%
    Other 50 $2,650,000 $53,000 $0 0.00%
    Cash Out Refi 28 $2,910,000 $103,929 $0 0.00%
    Home Purchase 25 $2,185,000 $87,400 $0 0.00%
    Refi 9 $1,265,000 $140,556 $0 0.00%

    For 2018, Connex Credit Union's most frequently cited loan purpose was Home Improvement, with 60 originations. The 2nd most popular reason was Other, with 50 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 172 $11,290,000 $65,640 $0 0.00%

    For 2018, Connex Credit Union's most frequently cited loan duration was Other, with 172 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 141 $6,215,000 $44,078 $0 0.00%
    $100k-200k 23 $3,255,000 $141,522 $0 0.00%
    $200k-400k 8 $1,820,000 $227,500 $0 0.00%

    2018 saw Connex Credit Union place emphasis on $100,000 or less loans with 141 originations, totaling $6,215,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 49 $3,375,000 $68,878 $0 0.00%
    $50k-75k 35 $1,685,000 $48,143 $0 0.00%
    $75k-100k 35 $2,105,000 $60,143 $0 0.00%
    $150k-250k 33 $2,525,000 $76,515 $0 0.00%
    $50k or less 13 $785,000 $60,385 $0 0.00%
    $250k+ 7 $815,000 $116,429 $0 0.00%

    Connex Credit Union lent most frequently to those with incomes in the $100k-150k range, with 49 originations. The second most popular income band? $50k-75k, with 35 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 172 $11,290,000 $65,640 $0 0.00%

    Connex Credit Union lent most frequently to those with DTI ratios of Exempt%, with 172 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 130 $8,590,000 $66,077 $0 0.00%
    Not provided 25 $1,755,000 $70,200 $0 0.00%
    Black 14 $810,000 $57,857 $0 0.00%
    American Indian 1 $55,000 $55,000 $0 0.00%
    Asian 1 $45,000 $45,000 $0 0.00%
    Asian Indian 1 $35,000 $35,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    81.04%

    Connex Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    94.77%

    Connex Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 172 $11,290,000 $65,640

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 172 $11,290,000 $65,640