Rtn Federal Credit Union Mortgage Rates, Fees & Info
Waltham, MALEI: 549300LVO0PEC3F2EB53
Tax ID: 04-6017803
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Rtn Federal Credit Union is a smaller credit union specializing in Refi, 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 Portland among others. We have data for 12 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% | 9/1/24 |
30 Year Conventional Refi | 6.25% | 9/1/24 |
30 Year Cash-out Refi | 6.19% | 9/1/24 |
15 Year Conventional Purchase | 5.05% | 9/1/24 |
15 Year Conventional Refi | 5.77% | 9/1/24 |
15 Year Cash-out Refi | 5.77% | 9/1/24 |
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
394Origination Dollar Volume (All Markets)
$116,240,000Top 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) | 278 | $87,140,000 | $313,453 | $2,658 | 3.45% |
WORCESTER, MA-CT (FHA|USDA|VA) | 44 | $12,070,000 | $274,318 | $2,594 | 3.47% |
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 26 | $6,820,000 | $262,308 | $2,361 | 3.53% |
MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 20 | $3,810,000 | $190,500 | $2,020 | 3.54% |
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 4 | $1,480,000 | $370,000 | $2,401 | 3.28% |
Outside of Metro Areas | 6 | $1,370,000 | $228,333 | $2,334 | 3.19% |
BARNSTABLE TOWN, MA (FHA|USDA|VA) | 7 | $1,335,000 | $190,714 | $2,194 | 3.41% |
SPRINGFIELD, MA (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $2,163 | 3.71% |
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $3,556 | 3.69% |
Laconia, NH (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $2,054 | 4.13% |
Augusta-Waterville, ME (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $5,251 | 3.13% |
Lebanon, NH-VT (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $2,516 | 3.13% |
Their top states include:
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.
Similarity Rank: 166
Similarity Rank: 169
Similarity Rank: 252
Similarity Rank: 258
Similarity Rank: 310
Similarity Rank: 510
Similarity Rank: 525
Similarity Rank: 696
Similarity Rank: 710
Similarity Rank: 756
Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 390 | $115,690,000 | $296,641 | $2,585 | 3.44% |
HELOC | 4 | $550,000 | $137,500 | n/a | 5.00% |
For 2020, Rtn Federal Credit Union's most frequently originated type of loan was Conventional, with 390 originations. Their 2nd most popular type was HELOC, with 4 originations.
Loan Reason
For 2020, Rtn Federal Credit Union's most frequently cited loan purpose was Refi, with 144 originations. The 2nd most popular reason was Cash Out Refi, with 116 originations.
Loan Duration/Length
For 2020, Rtn Federal Credit Union's most frequently cited loan duration was 30 Year, with 178 originations. The 2nd most popular length was 15 Year, with 119 originations.
Origination Fees/Closing Costs
Rtn Federal Credit Union's average total fees were $3,146, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 274 originations.
Interest Rates
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
3-4% | 225 | $74,535,000 | $331,267 |
2.5-3% | 101 | $23,765,000 | $235,297 |
4-5% | 57 | $16,265,000 | $285,351 |
5-6% | 11 | $1,675,000 | $152,273 |
During 2020, Rtn Federal Credit Union's average interest rate for loans was 3.43%, while their most frequently originated rate bucket for loans was 3-4%, with 225 originations.
Loan Sizing
2020 saw Rtn Federal Credit Union place emphasis on $200k-400k loans with 208 originations, totaling $59,380,000 in origination value.
Applicant Income
Rtn Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 125 originations. The second most popular income band? $100k-150k, with 101 originations.
Applicant Debt to Income Ratio
Rtn Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 119 originations. The next most common DTI ratio? 30-36%, with 68 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.90%
Rtn Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination40.86%
Rtn 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 | 394 | $116,240,000 | $295,025 |
Occupancy Type Mix
Dwelling Type | Originations | Total Value | Average Loan |
---|---|---|---|
Multifamily:Site-Built | 11 | $8,915,000 | $810,455 |
Single Family (1-4 Units):Site-Built | 383 | $107,325,000 | $280,222 |