Notre Dame Community Federal Credit Union Mortgage Rates, Fees & Info

Fall River, MA

LEI: 549300IS77G70GGL5Z67

Tax ID: 04-2148710

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
  • Similar Lenders
  • 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

    Notre Dame Community Federal Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Notre Dame Community Federal Credit Union has a high proportion of conventional loans. Their top two markets are Providence and Barnstable Town .

    Notre Dame Community Federal 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. Notre Dame Community Federal Credit Union is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) 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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    Originations

    11

    Origination Dollar Volume (All Markets)

    $1,775,000

    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
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 10 $1,510,000 $151,000 $1,898 4.45%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $265,000 $265,000 $2,197 4.25%
    Notre Dame Community Federal Credit Union's top markets include Providence and Barnstable Town among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Notre Dame Community Federal Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    SOMERSET
    Similarity Rank: 26
    Rhode Island Credit Union
    Similarity Rank: 116
    Sharon & Crescent United Credit Union
    Similarity Rank: 120
    PAWTUCKET
    Similarity Rank: 216
    St. Anne's Credit Union of Fall River, Mass.
    Similarity Rank: 234
    ROCKLAND
    Similarity Rank: 300
    Milford Federal Bank
    Similarity Rank: 306
    BankNewport
    Similarity Rank: 315
    OCEAN STATE CREDIT UNION
    Similarity Rank: 315
    WAVE FEDERAL CREDIT UNION
    Similarity Rank: 348

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 9 $1,605,000 $178,333 $1,931 4.44%
    HELOC 2 $170,000 $85,000 n/a 4.38%

    For 2019, Notre Dame Community Federal Credit Union's most frequently originated type of loan was Conventional, with 9 originations. Their 2nd most popular type was HELOC, with 2 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 6 $1,160,000 $193,333 $2,000 4.50%
    Home Purchase 3 $445,000 $148,333 $1,792 4.33%
    Home Improvement 1 $105,000 $105,000 $0 4.50%
    Other 1 $65,000 $65,000 $0 4.25%

    For 2019, Notre Dame Community Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 6 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 8 $1,520,000 $190,000 $1,966 4.47%
    10 Year 1 $105,000 $105,000 $0 4.50%
    15 Year 1 $85,000 $85,000 $1,655 4.25%
    5 Year 1 $65,000 $65,000 $0 4.25%

    For 2019, Notre Dame Community Federal Credit Union's most frequently cited loan duration was 30 Year, with 8 originations. The 2nd most popular length was 10 Year, with 1 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 11 $1,775,000 $161,364

    During 2019, Notre Dame Community Federal Credit Union's average interest rate for loans was 4.47%, while their most frequently originated rate bucket for loans was 4-5%, with 11 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 4 $630,000 $157,500 $1,908 4.50%
    $200k-400k 4 $910,000 $227,500 $2,069 4.50%
    $100,000 or less 3 $235,000 $78,333 $1,690 4.25%

    2019 saw Notre Dame Community Federal Credit Union place emphasis on $100k-200k loans with 4 originations, totaling $630,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 4 $600,000 $150,000 $1,974 4.38%
    $50k or less 3 $595,000 $198,333 $2,003 4.58%
    $50k-75k 2 $290,000 $145,000 $1,798 4.50%
    $75k-100k 2 $290,000 $145,000 $1,914 4.25%

    Notre Dame Community Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 4 originations. The second most popular income band? $50k or less, with 3 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 5 $845,000 $169,000 $1,924 4.35%
    30-36% 2 $270,000 $135,000 $1,750 4.50%
    37% 2 $230,000 $115,000 $2,003 4.50%
    40% 1 $195,000 $195,000 $1,972 4.25%
    50-60% 1 $235,000 $235,000 $2,035 4.75%

    Notre Dame Community Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 5 originations. The next most common DTI ratio? 30-36%, with 2 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 11 $1,775,000 $161,364 $1,931 4.43%

    Approval Rates

    Total approvals of all applications
    93.75%

    Notre Dame Community Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    63.64%

    Notre Dame Community Federal 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
    NA 11 $1,775,000 $161,364

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 11 $1,775,000 $161,364

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 4 $340,000 $85,000 $1,690 4.31%
    40-60% 1 $235,000 $235,000 $2,035 4.75%
    60-80% 5 $1,035,000 $207,000 $2,043 4.45%
    80-100% 1 $165,000 $165,000 $1,750 4.50%