Connex Credit Union Mortgage Rates, Fees & Info
North Haven, CTLEI: 549300CA0J0Z7OFQBG71
Tax ID: 06-0655052
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Mortgage Data
Review & Overview
Connex Credit Union is a smaller credit union specializing in 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 a below average pick rate when compared to similar lenders.
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Originations
187Origination Dollar Volume (All Markets)
$12,555,000Top 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 |
|---|---|---|---|---|---|
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 142 | $9,520,000 | $67,042 | $0 | 0.00% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 34 | $2,370,000 | $69,706 | $0 | 0.00% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 10 | $480,000 | $48,000 | $0 | 0.00% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 187 | $12,555,000 | $67,139 | $0 | 0.00% |
For 2019, Connex Credit Union's most frequently originated type of loan was Conventional, with 187 originations.
Loan Reason
For 2019, Connex Credit Union's most frequently cited loan purpose was Cash Out Refi, with 61 originations. The 2nd most popular reason was Other, with 55 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 187 | $12,555,000 | $67,139 | $0 | 0.00% |
For 2019, Connex Credit Union's most frequently cited loan duration was Other, with 187 originations.
Loan Sizing
2019 saw Connex Credit Union place emphasis on $100,000 or less loans with 150 originations, totaling $6,720,000 in origination value.
Applicant Income
Connex Credit Union lent most frequently to those with incomes in the $100k-150k range, with 45 originations. The second most popular income band? $150k-250k, with 41 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 187 | $12,555,000 | $67,139 | $0 | 0.00% |
Connex Credit Union lent most frequently to those with DTI ratios of Exempt%, with 187 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications79.43%
Connex Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination83.42%
Connex Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 187 | $12,555,000 | $67,139 |