Arrha Credit Union Mortgage Rates, Fees & Info
Springfield, MALEI: 549300CGP3B8XPP1N814
Tax ID: 04-1859690
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Arrha Credit Union is a smaller credit union specializing in Other, Cash Out Refi, and Home Purchase loans. Arrha Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Springfield, Barnstable Town, and Worcester among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Arrha Credit Union has an average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
60Origination Dollar Volume (All Markets)
$9,180,000Top 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 |
|---|---|---|---|---|---|
| SPRINGFIELD, MA (FHA|USDA|VA) | 45 | $6,705,000 | $149,000 | $0 | 0.00% |
| Outside of Metro Areas | 12 | $1,350,000 | $112,500 | $0 | 0.00% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 2 | $870,000 | $435,000 | $0 | 0.00% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against ARRHA Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 35
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 60 | $9,180,000 | $153,000 | $0 | 0.00% |
For 2024, Arrha Credit Union's most frequently originated type of loan was Conventional, with 60 originations.
Loan Reason
For 2024, Arrha Credit Union's most frequently cited loan purpose was Other, with 30 originations. The 2nd most popular reason was Cash Out Refi, with 14 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 60 | $9,180,000 | $153,000 | $0 | 0.00% |
For 2024, Arrha Credit Union's most frequently cited loan duration was Other, with 60 originations.
Loan Sizing
2024 saw Arrha Credit Union place emphasis on $100,000 or less loans with 29 originations, totaling $1,375,000 in origination value.
Applicant Income
Arrha Credit Union lent most frequently to those with incomes in the $150k-250k range, with 19 originations. The second most popular income band? $75k-100k, with 15 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 60 | $9,180,000 | $153,000 | $0 | 0.00% |
Arrha Credit Union lent most frequently to those with DTI ratios of Exempt%, with 60 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications79.27%
Arrha Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination98.33%
Arrha Credit Union has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 60 | $9,180,000 | $153,000 |