Rtn Federal Credit Union Mortgage Rates, Fees & Info

Waltham, MA

LEI: 549300LVO0PEC3F2EB53

Tax ID: 04-6017803

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • 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

    Rtn Federal Credit Union is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. Rtn Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Worcester, Manchester, Portland, and Providence among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Rtn 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. Rtn 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.23% 4/22/24
    30 Year Conventional Refi 6.25% 4/22/24
    30 Year Cash-out Refi 6.19% 4/22/24
    15 Year Conventional Purchase 5.05% 4/22/24
    15 Year Conventional Refi 5.77% 4/22/24
    15 Year Cash-out Refi 5.77% 4/22/24
    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.

    Rtn Federal Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Rtn Federal Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    300

    Origination Dollar Volume (All Markets)

    $65,700,000

    Awards

    RTN FEDERAL CREDIT UNION 30 Year Conventional Loans silver RTN FEDERAL CREDIT UNION 30 Year Conventional Loans gold RTN FEDERAL CREDIT UNION 30 Year Conventional Loans bronze
    Show all (3) awards

    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
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 238 $54,660,000 $229,664 $1,516 4.58%
    WORCESTER, MA-CT (FHA|USDA|VA) 22 $4,300,000 $195,455 $2,240 4.60%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 14 $2,250,000 $160,714 $1,400 4.61%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 5 $1,215,000 $243,000 $1,507 4.63%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 9 $1,115,000 $123,889 $1,211 4.28%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 5 $675,000 $135,000 $826 4.20%
    SPRINGFIELD, MA (FHA|USDA|VA) 1 $475,000 $475,000 $0 4.25%
    Laconia, NH (FHA|USDA|VA) 2 $390,000 $195,000 $1,804 4.75%
    Outside of Metro Areas 3 $385,000 $128,333 $1,285 4.92%
    Keene, NH (FHA|USDA|VA) 1 $235,000 $235,000 $2,806 4.88%
    Rtn Federal Credit Union's top markets include Boston, Worcester, Manchester, Portland, and Providence among others.

    Their top states include:
  • Massachusetts (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)
  • Maine (FHA|USDA|VA)
  • Rhode Island (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against RTN FEDERAL CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Westport Federal Credit Union
    Similarity Rank: 23
    Notre Dame Community Federal Credit Union
    Similarity Rank: 38
    PAWTUCKET
    Similarity Rank: 60
    Bank of Easton
    Similarity Rank: 66
    Charter Oak Federal Credit Union
    Similarity Rank: 84
    SOMERSET
    Similarity Rank: 99
    MERRIMACK VALLEY
    Similarity Rank: 110
    Middlesex Federal Savings, F.A.
    Similarity Rank: 111
    Triangle Credit Union
    Similarity Rank: 147
    First Ipswich Bank
    Similarity Rank: 164

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 298 $64,020,000 $214,832 $1,542 4.56%
    HELOC 2 $1,680,000 $840,000 n/a 5.33%

    For 2018, Rtn Federal Credit Union's most frequently originated type of loan was Conventional, with 298 originations. Their 2nd most popular type was HELOC, with 2 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 96 $33,640,000 $350,417 $3,014 4.49%
    Home Improvement 95 $6,805,000 $71,632 $187 4.65%
    Cash Out Refi 62 $16,580,000 $267,419 $2,089 4.61%
    Other 28 $1,580,000 $56,429 $0 4.62%
    Refi 19 $7,095,000 $373,421 $2,642 4.35%

    For 2018, Rtn Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 96 originations. The 2nd most popular reason was Home Improvement, with 95 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 109 $36,645,000 $336,193 $3,063 4.46%
    15 Year 73 $14,605,000 $200,068 $847 4.55%
    10 Year 54 $8,780,000 $162,593 $54 4.67%
    20 Year 33 $4,185,000 $126,818 $810 5.24%
    5 Year 29 $1,355,000 $46,724 $31 4.05%
    Other 2 $130,000 $65,000 $0 4.88%

    For 2018, Rtn Federal Credit Union's most frequently cited loan duration was 30 Year, with 109 originations. The 2nd most popular length was 15 Year, with 73 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 234 $40,280,000 $172,137
    $1k-2k 19 $5,495,000 $289,211
    $2k-3k 5 $1,605,000 $321,000
    $3k-4k 5 $1,515,000 $303,000
    $4k-5k 4 $1,630,000 $407,500

    Rtn Federal Credit Union's average total fees were $3,063, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 234 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 195 $46,495,000 $238,436
    3-4% 60 $12,710,000 $211,833
    5-6% 45 $6,495,000 $144,333

    During 2018, Rtn Federal Credit Union's average interest rate for loans was 4.46%, while their most frequently originated rate bucket for loans was 4-5%, with 195 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 115 $5,655,000 $49,174 $128 4.62%
    $200k-400k 90 $25,550,000 $283,889 $2,936 4.46%
    $100k-200k 57 $7,965,000 $139,737 $1,262 4.68%
    $400k-600k 21 $9,785,000 $465,952 $3,797 4.55%
    $600k-1MM 11 $7,595,000 $690,455 $3,350 4.39%
    $1MM+ 6 $9,150,000 $1,525,000 $4,633 4.69%

    2018 saw Rtn Federal Credit Union place emphasis on $100,000 or less loans with 115 originations, totaling $5,655,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 85 $19,815,000 $233,118 $1,599 4.51%
    $100k-150k 76 $13,540,000 $178,158 $1,462 4.59%
    $75k-100k 49 $7,195,000 $146,837 $1,623 4.59%
    $50k-75k 33 $4,675,000 $141,667 $1,475 4.54%
    $250k+ 20 $5,160,000 $258,000 $1,210 4.57%
    $50k or less 15 $1,345,000 $89,667 $1,350 4.79%

    Rtn Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 85 originations. The second most popular income band? $100k-150k, with 76 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 74 $12,590,000 $170,135 $1,269 4.52%
    30-36% 55 $10,725,000 $195,000 $1,787 4.54%
    42% 20 $2,130,000 $106,500 $596 4.85%
    <20% 18 $2,650,000 $147,222 $1,149 4.34%
    38% 15 $3,515,000 $234,333 $2,294 4.33%
    36% 13 $3,315,000 $255,000 $2,175 4.81%
    41% 12 $2,440,000 $203,333 $1,265 4.46%
    37% 12 $1,880,000 $156,667 $1,222 4.80%
    40% 12 $1,050,000 $87,500 $811 4.52%
    39% 9 $1,465,000 $162,778 $1,061 4.58%
    43% 7 $1,915,000 $273,571 $2,725 4.52%
    49% 6 $2,240,000 $373,333 $2,523 4.13%
    44% 5 $2,105,000 $421,000 $3,181 4.65%
    46% 3 $485,000 $161,667 $2,644 4.67%
    48% 3 $795,000 $265,000 $2,604 4.08%
    45% 1 $405,000 $405,000 $6,532 4.63%
    50-60% 1 $125,000 $125,000 $0 5.75%

    Rtn Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 74 originations. The next most common DTI ratio? 30-36%, with 55 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 210 $40,990,000 $195,190 $1,650 4.57%
    Not applicable 16 $11,730,000 $733,125 $0 4.72%
    Not provided 52 $7,800,000 $150,000 $966 4.54%
    Black 12 $2,620,000 $218,333 $1,551 4.86%
    Asian 9 $2,505,000 $278,333 $2,464 4.14%
    Chinese 1 $55,000 $55,000 $0 4.00%

    Approval Rates

    Total approvals of all applications
    90.13%

    Rtn Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.33%

    Rtn Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 300 $65,700,000 $219,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 5 $6,415,000 $1,283,000
    Single Family (1-4 Units):Site-Built 295 $59,285,000 $200,966

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 48 $6,780,000 $141,250 $693 4.74%
    40-60% 38 $14,610,000 $384,474 $3,030 4.33%
    60-80% 51 $18,645,000 $365,588 $3,127 4.46%
    80-100% 56 $20,120,000 $359,286 $3,125 4.56%
    Under 20% 107 $5,545,000 $51,822 $57 4.64%