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 Cash Out Refi and Home Purchase loans. Rtn Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Worcester, Providence, Manchester, and Barnstable Town among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Rtn 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. 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% 12/16/24
    30 Year Conventional Refi 6.25% 12/16/24
    30 Year Cash-out Refi 6.19% 12/16/24
    15 Year Conventional Purchase 5.05% 12/16/24
    15 Year Conventional Refi 5.77% 12/16/24
    15 Year Cash-out Refi 5.77% 12/16/24
    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

    307

    Origination Dollar Volume (All Markets)

    $82,065,000

    Awards

    RTN FEDERAL CREDIT UNION 30 Year Conventional Loans bronze RTN FEDERAL CREDIT UNION 30 Year Conventional Loans bronze
    Show all (2) 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) 237 $65,635,000 $276,941 $2,047 4.33%
    WORCESTER, MA-CT (FHA|USDA|VA) 31 $7,875,000 $254,032 $2,678 4.43%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 9 $3,405,000 $378,333 $1,771 4.61%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 12 $1,730,000 $144,167 $1,474 4.29%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 7 $1,545,000 $220,714 $2,115 3.55%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 5 $965,000 $193,000 $2,338 3.95%
    Concord, NH (FHA|USDA|VA) 2 $480,000 $240,000 $3,665 4.00%
    SPRINGFIELD, MA (FHA|USDA|VA) 1 $185,000 $185,000 $2,229 3.75%
    Laconia, NH (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.25%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.63%
    Keene, NH (FHA|USDA|VA) 1 $35,000 $35,000 $0 5.75%
    Rtn Federal Credit Union's top markets include Boston, Worcester, Providence, Manchester, and Barnstable Town among others.

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

    SOMERSET
    Similarity Rank: 26
    SOUTHBRIDGE CREDIT UNION
    Similarity Rank: 80
    Rhode Island Credit Union
    Similarity Rank: 116
    Piscataqua Savings Bank
    Similarity Rank: 118
    First Ipswich Bank
    Similarity Rank: 139
    LEOMINSTER CREDIT UNION
    Similarity Rank: 180
    Charter Oak Federal Credit Union
    Similarity Rank: 294
    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 306 $82,010,000 $268,007 $2,071 4.32%
    HELOC 1 $55,000 $55,000 n/a 6.50%

    For 2019, Rtn Federal Credit Union's most frequently originated type of loan was Conventional, with 306 originations. Their 2nd most popular type was HELOC, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 112 $31,210,000 $278,661 $1,842 4.44%
    Home Purchase 89 $32,365,000 $363,652 $3,147 4.21%
    Refi 50 $13,540,000 $270,800 $2,463 3.64%
    Home Improvement 47 $3,945,000 $83,936 $543 4.93%
    Other 9 $1,005,000 $111,667 $795 4.76%

    For 2019, Rtn Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 112 originations. The 2nd most popular reason was Home Purchase, with 89 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 113 $38,515,000 $340,841 $3,139 4.10%
    15 Year 78 $26,990,000 $346,026 $1,937 4.16%
    10 Year 53 $7,425,000 $140,094 $407 5.01%
    20 Year 40 $8,200,000 $205,000 $1,829 4.40%
    5 Year 21 $775,000 $36,905 $19 4.25%
    Other 2 $160,000 $80,000 $0 5.00%

    For 2019, Rtn Federal Credit Union's most frequently cited loan duration was 30 Year, with 113 originations. The 2nd most popular length was 15 Year, with 78 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 216 $44,930,000 $208,009
    $1k-2k 28 $9,000,000 $321,429
    $2k-3k 10 $2,840,000 $284,000
    $3k-4k 4 $1,440,000 $360,000
    $4k-5k 2 $680,000 $340,000
    $5k+ 1 $425,000 $425,000

    Rtn Federal Credit Union's average total fees were $3,139, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 216 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 132 $32,880,000 $249,091
    3-4% 112 $35,340,000 $315,536
    5-6% 43 $8,995,000 $209,186
    2.5-3% 14 $3,870,000 $276,429
    6-7% 6 $980,000 $163,333

    During 2019, Rtn Federal Credit Union's average interest rate for loans was 4.10%, while their most frequently originated rate bucket for loans was 4-5%, with 132 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 122 $36,380,000 $298,197 $2,997 4.10%
    $100,000 or less 75 $3,385,000 $45,133 $67 4.93%
    $100k-200k 58 $8,510,000 $146,724 $1,786 4.24%
    $400k-600k 38 $18,330,000 $482,368 $3,600 4.01%
    $1MM+ 7 $10,235,000 $1,462,143 $0 4.71%
    $600k-1MM 7 $5,225,000 $746,429 $3,549 3.90%

    2019 saw Rtn Federal Credit Union place emphasis on $200k-400k loans with 122 originations, totaling $36,380,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 81 $21,705,000 $267,963 $2,324 4.23%
    $100k-150k 68 $14,170,000 $208,382 $2,040 4.31%
    $75k-100k 46 $9,580,000 $208,261 $2,026 4.28%
    $50k-75k 35 $6,045,000 $172,714 $1,838 4.36%
    $250k+ 26 $9,850,000 $378,846 $2,053 4.41%
    $50k or less 16 $2,280,000 $142,500 $1,759 4.27%

    Rtn Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 81 originations. The second most popular income band? $100k-150k, with 68 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 70 $15,740,000 $224,857 $1,985 4.13%
    30-36% 43 $9,805,000 $228,023 $2,487 4.21%
    <20% 24 $5,190,000 $216,250 $2,019 4.17%
    37% 13 $3,675,000 $282,692 $2,628 4.20%
    38% 13 $2,875,000 $221,154 $1,704 4.42%
    41% 12 $2,490,000 $207,500 $1,315 4.31%
    42% 11 $1,585,000 $144,091 $910 4.51%
    40% 11 $2,115,000 $192,273 $1,392 4.51%
    39% 10 $1,810,000 $181,000 $1,973 4.44%
    36% 8 $1,180,000 $147,500 $1,077 4.77%
    >60% 7 $2,255,000 $322,143 $2,027 3.89%
    44% 6 $1,710,000 $285,000 $2,638 4.21%
    43% 6 $1,710,000 $285,000 $4,394 3.71%
    47% 5 $1,505,000 $301,000 $3,274 4.20%
    48% 5 $1,355,000 $271,000 $2,450 3.83%
    46% 4 $950,000 $237,500 $1,718 4.13%
    49% 4 $1,010,000 $252,500 $2,311 4.03%
    50-60% 4 $1,120,000 $280,000 $2,570 3.84%
    45% 4 $1,210,000 $302,500 $2,395 4.34%

    Rtn Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 70 originations. The next most common DTI ratio? 30-36%, with 43 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 214 $49,520,000 $231,402 $2,070 4.27%
    Not applicable 28 $16,850,000 $601,786 $0 4.75%
    Not provided 40 $8,130,000 $203,250 $1,718 4.49%
    Black 14 $4,100,000 $292,857 $2,343 4.33%
    Asian 8 $2,350,000 $293,750 $2,089 3.86%
    American Indian 2 $910,000 $455,000 $4,589 3.50%
    Native Hawaiian or Islander 1 $205,000 $205,000 $4,531 3.88%

    Approval Rates

    Total approvals of all applications
    88.93%

    Rtn Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    72.96%

    Rtn Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 307 $82,065,000 $267,313

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 9 $6,415,000 $712,778
    Single Family (1-4 Units):Site-Built 298 $75,650,000 $253,859

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 34 $5,810,000 $170,882 $1,338 4.44%
    40-60% 46 $12,310,000 $267,609 $2,845 3.74%
    60-80% 106 $43,740,000 $412,642 $3,180 4.22%
    80-100% 51 $16,965,000 $332,647 $2,907 4.18%
    Under 20% 70 $3,240,000 $46,286 $39 4.92%