Jeanne D'arc Credit Union Mortgage Rates, Fees & Info

Lowell, MA

LEI: 549300KGE82WIZC87Y08

Tax ID: 04-1231965

5 stars - out of 5 stars, based on 41 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Jeanne D'arc Credit Union is a smaller credit union specializing in Refi, Cash Out Refi, and Home Purchase loans. Jeanne D'arc Credit Union has a high proportion of conventional loans. Their top markets include Boston, Manchester, Worcester, Providence, and Portland among others. Jeanne D'arc Credit Union has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Jeanne D'arc Credit Union is typically a low fee lendor.


Originations

1,693

Origination Dollar Volume (All Markets)

$497,815,000

Awards

Jeanne D'Arc Credit Union 30 Year Conventional Loans silver Jeanne D'Arc Credit Union 30 Year Conventional Loans silver Jeanne D'Arc Credit Union 30 Year Conventional Loans silver Jeanne D'Arc Credit Union 30 Year Conventional Loans silver
Show all (4) awards

Relative Rate

Jeanne D'arc Credit Union's average 30 year fixed rate mortgage of loans were 2.98%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.17%.

Relative Fees

Jeanne D'arc Credit Union's average total fees for a 30 year fixed rate mortgage are $3,111.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1,423 $423,255,000 $297,439 $2,639 3.15%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 174 $41,730,000 $239,828 $2,561 3.12%
WORCESTER, MA-CT (FHA|USDA|VA) 41 $12,885,000 $314,268 $2,972 3.38%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 10 $4,960,000 $496,000 $3,452 2.99%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 11 $3,825,000 $347,727 $3,009 3.07%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 6 $2,970,000 $495,000 $3,499 3.06%
Outside of Metro Areas 5 $2,605,000 $521,000 $4,789 3.00%
Concord, NH (FHA|USDA|VA) 7 $1,915,000 $273,571 $2,040 3.25%
Laconia, NH (FHA|USDA|VA) 5 $1,265,000 $253,000 $2,768 2.85%
Lebanon, NH-VT (FHA|USDA|VA) 5 $1,165,000 $233,000 $2,324 3.21%
SPRINGFIELD, MA (FHA|USDA|VA) 4 $600,000 $150,000 $2,258 3.64%
PITTSFIELD, MA (FHA|USDA|VA) 1 $415,000 $415,000 $2,932 2.25%
Berlin, NH (FHA|USDA|VA) 1 $225,000 $225,000 $3,003 2.88%

Jeanne D'arc Credit Union's top markets include Boston, Manchester, Worcester, Providence, and Portland among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,693 $497,815,000 $294,043 $2,651 3.15%

For the 2021 period, Jeanne D'arc Credit Union's most frequently originated loan type of loans were Conventional, with 1,693 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 602 $191,890,000 $318,754 $2,690 2.77%
Cash Out Refi 527 $155,065,000 $294,241 $2,703 3.22%
Home Purchase 362 $133,570,000 $368,978 $3,105 3.31%
Home Improvement 114 $10,230,000 $89,737 $602 3.68%
Other 88 $7,060,000 $80,227 $70 3.94%

For the 2021, Jeanne D'arc Credit Union's most frequently cited loan purpose of loans were Refi, with 602 originations. The 2nd most popular reason of loans were Cash Out Refi, with 527 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 1,000 $363,720,000 $363,720 $3,111 2.98%
20 Year 299 $36,715,000 $122,793 $1,556 3.42%
15 Year 227 $69,245,000 $305,044 $2,304 2.85%
Other 101 $15,775,000 $156,188 $635 4.43%
10 Year 49 $11,825,000 $241,327 $1,070 3.48%
5 Year 15 $475,000 $31,667 $0 3.62%
3 Year 2 $60,000 $30,000 $0 3.49%

For the 2021, Jeanne D'arc Credit Union's most frequently cited loan length of loans were 30 Year, with 1,000 originations. The 2nd most popular length of loans were 20 Year, with 299 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 1,207 $371,195,000 $307,535
$1k-2k 96 $27,940,000 $291,042
$2k-3k 14 $4,890,000 $349,286
$3k-4k 4 $1,120,000 $280,000
$5k+ 4 $1,110,000 $277,500

$3,111 of loans were Jeanne D'arc Credit Union's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 1,207 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 648 $193,510,000 $298,627
2.5-3% 638 $221,660,000 $347,429
<2.5% 261 $67,055,000 $256,916
5-6% 105 $8,815,000 $83,952
4-5% 41 $6,775,000 $165,244

During 2021, Jeanne D'arc Credit Union's average interest rate of loans were 2.98%, while their most frequently originated rate bucket of loans were 3-4%, with 648 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 694 $201,340,000 $290,115 $2,870 2.94%
$100k-200k 334 $49,510,000 $148,234 $2,285 3.02%
$100,000 or less 296 $16,850,000 $56,926 $312 3.91%
$400k-600k 266 $127,900,000 $480,827 $3,324 2.93%
$600k-1MM 73 $57,815,000 $791,986 $4,291 3.26%
$1MM+ 30 $44,400,000 $1,480,000 $5,222 3.41%

2021 saw Jeanne D'arc Credit Union place emphasis on $200k-400k loans with 694 originations, totaling $201,340,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$150k-250k 409 $129,865,000 $317,518 $2,747 3.11%
$100k-150k 408 $108,730,000 $266,495 $2,580 3.17%
$75k-100k 312 $71,770,000 $230,032 $2,541 3.10%
$50k-75k 253 $48,235,000 $190,652 $2,556 3.09%
$250k+ 175 $88,675,000 $506,714 $3,157 3.24%
$50k or less 91 $14,135,000 $155,330 $2,324 3.09%

Jeanne D'arc Credit Union lent most frequently to those with incomes in the $150k-250k range, with 409 originations. The second most popular income band? $100k-150k, with 408 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 472 $132,000,000 $279,661 $2,673 3.04%
30-36% 285 $75,535,000 $265,035 $2,627 3.13%
<20% 191 $54,425,000 $284,948 $2,665 2.89%
39% 76 $16,920,000 $222,632 $2,486 3.28%
37% 72 $22,280,000 $309,444 $2,698 3.19%
42% 57 $15,555,000 $272,895 $2,276 3.61%
41% 57 $15,185,000 $266,404 $2,593 3.24%
38% 56 $11,620,000 $207,500 $2,366 3.27%
40% 55 $15,165,000 $275,727 $2,513 3.22%
36% 53 $16,975,000 $320,283 $2,630 3.26%
44% 47 $14,575,000 $310,106 $2,803 3.20%
43% 45 $15,145,000 $336,556 $2,875 3.23%
45% 41 $13,325,000 $325,000 $3,062 3.25%
47% 30 $8,730,000 $291,000 $2,592 3.22%
46% 27 $6,605,000 $244,630 $2,341 3.22%
50-60% 26 $8,590,000 $330,385 $2,690 3.22%
48% 23 $7,335,000 $318,913 $2,857 3.12%
49% 23 $7,185,000 $312,391 $3,354 3.18%
>60% 15 $4,655,000 $310,333 $2,537 3.40%

Jeanne D'arc Credit Union lent most frequently to those with DTI ratios of 20-30%, with 472 originations. The next most common DTI ratio? 30-36%, with 285 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 1,326 $375,980,000 $283,544 $2,643 3.12%
Not provided 180 $41,540,000 $230,778 $2,511 3.15%
Asian 121 $38,925,000 $321,694 $2,736 3.21%
Not applicable 37 $32,645,000 $882,297 $0 3.68%
Black 27 $8,325,000 $308,333 $3,351 3.52%
American Indian 1 $345,000 $345,000 $4,326 2.75%
Vietnamese 1 $55,000 $55,000 $0 3.25%

Approval Rates

Total approvals of all applications
91.85%

Jeanne D'arc Credit Union has an average approval rate.

Pick Rate

Approvals leading to origination
88.35%

Jeanne D'arc Credit Union has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
2260.0 1 $165,000 $165,000
2479.0 1 $75,000 $75,000
2508.0 1 $115,000 $115,000
2520.6 1 $115,000 $115,000
2617.8 1 $105,000 $105,000
2627.6 1 $125,000 $125,000
2639.0 1 $85,000 $85,000
2649.0 1 $95,000 $95,000
2662.0 1 $125,000 $125,000
2693.0 1 $135,000 $135,000
2711.0 1 $145,000 $145,000
2745.0 1 $125,000 $125,000
2794.0 1 $135,000 $135,000
2812.0 1 $165,000 $165,000
2817.0 1 $65,000 $65,000
2822.0 1 $145,000 $145,000
2848.0 1 $195,000 $195,000
2901.0 1 $105,000 $105,000
2917.0 1 $205,000 $205,000
2922.0 1 $85,000 $85,000
2927.0 1 $235,000 $235,000
2950.0 1 $155,000 $155,000
2952.0 1 $115,000 $115,000
2965.0 1 $225,000 $225,000
2972.0 1 $135,000 $135,000
2982.0 1 $205,000 $205,000
2992.0 1 $105,000 $105,000
3010.0 1 $185,000 $185,000
3092.0 1 $65,000 $65,000
3199.0 1 $205,000 $205,000
3355.8 1 $225,000 $225,000
NA 1,662 $493,450,000 $296,901

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,693 $497,815,000 $294,043

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 179 $29,015,000 $162,095 $2,208 3.08%
40-60% 389 $110,825,000 $284,897 $2,641 2.79%
60-80% 641 $260,965,000 $407,122 $3,171 3.02%
80-100% 190 $77,450,000 $407,632 $3,476 3.01%
Under 20% 294 $19,560,000 $66,531 $132 4.01%