Esl Federal Credit Union Mortgage Rates, Fees & Info
Rochester, NYLEI: 549300KUYF5QOROM7N37
Tax ID: 16-1490324
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Mortgage Data
Review & Overview
Esl Federal Credit Union is a smaller credit union specializing in Other, Refi, and Home Purchase loans. Esl Federal Credit Union has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Rochester, Batavia, Buffalo, Seneca Falls, and Corning among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)Esl Federal 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. Esl 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 11/17/24 |
| 30 Year Conventional Purchase | 6.60% | 11/17/24 |
| 30 Year Conventional Refi | 6.36% | 11/17/24 |
| 30 Year Cash-out Refi | 6.56% | 11/17/24 |
| 30 Year FHA Purchase | 7.64% | 11/17/24 |
| 30 Year FHA Refi | 6.27% | 11/17/24 |
| 30 Year VA Purchase | 6.06% | 11/17/24 |
| 15 Year Conventional Purchase | 6.23% | 11/17/24 |
| 15 Year Conventional Refi | 5.99% | 11/17/24 |
| 15 Year Cash-out Refi | 5.99% | 11/17/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Esl Federal Credit Union Mortgage Calculator
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This is not an official calculator from Esl Federal Credit Union. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
5,428Origination Dollar Volume (All Markets)
$425,430,000Awards
ESL Federal Credit Union - 2018
ESL Federal Credit Union is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| ROCHESTER, NY (FHA|USDA|VA) | 5,208 | $408,850,000 | $78,504 | $2,837 | 5.12% |
| Batavia, NY (FHA|USDA|VA) | 144 | $9,170,000 | $63,681 | $2,870 | 5.33% |
| Outside of Metro Areas | 27 | $1,665,000 | $61,667 | $2,415 | 5.12% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 22 | $1,620,000 | $73,636 | $2,850 | 5.67% |
| Seneca Falls, NY (FHA|USDA|VA) | 10 | $1,120,000 | $112,000 | $2,868 | 4.24% |
| Corning, NY (FHA|USDA|VA) | 10 | $930,000 | $93,000 | $2,968 | 4.73% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $735,000 | $735,000 | $0 | 5.00% |
| Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $3,357 | 4.06% |
| SYRACUSE, NY (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,249 | 4.50% |
| Auburn, NY (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,486 | 4.00% |
| Olean, NY (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,086 | 4.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 5.50% |
Similar Lenders
We use machine learning to identify the top lenders compared against ESL Federal Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2018, Esl Federal Credit Union's most frequently originated type of loan was HELOC, with 2,727 originations. Their 2nd most popular type was Conventional, with 2,645 originations.
Loan Reason
For 2018, Esl Federal Credit Union's most frequently cited loan purpose was Other, with 2,382 originations. The 2nd most popular reason was Refi, with 1,574 originations.
Loan Duration/Length
For 2018, Esl Federal Credit Union's most frequently cited loan duration was Other, with 2,901 originations. The 2nd most popular length was 30 Year, with 696 originations.
Origination Fees/Closing Costs
Esl Federal Credit Union's average total fees were $3,169, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 797 originations.
Interest Rates
During 2018, Esl Federal Credit Union's average interest rate for loans was 4.65%, while their most frequently originated rate bucket for loans was 4-5%, with 1,696 originations.
Loan Sizing
2018 saw Esl Federal Credit Union place emphasis on $100,000 or less loans with 3,727 originations, totaling $164,865,000 in origination value.
Applicant Income
Esl Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 1,438 originations. The second most popular income band? $50k or less, with 1,321 originations.
Applicant Debt to Income Ratio
Esl Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 1,334 originations. The next most common DTI ratio? 30-36%, with 948 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.34%
Esl Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination85.11%
Esl Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 5,428 | $425,430,000 | $78,377 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 6 | $7,640,000 | $1,273,333 |
| Single Family (1-4 Units):Site-Built | 5,422 | $417,790,000 | $77,055 |