Triangle Credit Union Mortgage Rates, Fees & Info

Nashua, NH

LEI: 549300MUCZWG8XJCW607

Tax ID: 02-0223137

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
  • Complaints
  • 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

    Triangle Credit Union is a smaller credit union specializing in Refi and Cash Out Refi loans. Triangle Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Manchester, Boston, Concord, Laconia, and Keene among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Triangle 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. Triangle 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 6.40% 12/16/24
    30 Year Conventional Refi 6.32% 12/16/24
    30 Year Cash-out Refi 6.77% 12/16/24
    15 Year Conventional Purchase 5.68% 12/16/24
    15 Year Conventional Refi 6.18% 12/16/24
    15 Year Cash-out Refi 6.18% 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.

    Triangle Credit Union Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Triangle 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

    570

    Origination Dollar Volume (All Markets)

    $133,520,000
    Show all (6) 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
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 380 $86,140,000 $226,684 $2,267 3.04%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 108 $28,040,000 $259,630 $2,484 2.96%
    Concord, NH (FHA|USDA|VA) 55 $13,635,000 $247,909 $2,426 2.95%
    Laconia, NH (FHA|USDA|VA) 12 $2,690,000 $224,167 $2,250 2.93%
    Outside of Metro Areas 4 $1,040,000 $260,000 $2,569 3.25%
    Keene, NH (FHA|USDA|VA) 5 $995,000 $199,000 $2,354 2.95%
    Lebanon, NH-VT (FHA|USDA|VA) 4 $580,000 $145,000 $2,098 3.16%
    WORCESTER, MA-CT (FHA|USDA|VA) 2 $400,000 $200,000 $2,572 2.69%
    Triangle Credit Union's top markets include Manchester, Boston, Concord, Laconia, and Keene among others.

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

    • Similar Lenders

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

    LUSO-AMERICAN CREDIT UNION
    Similarity Rank: 258
    Piscataqua Savings Bank
    Similarity Rank: 310
    COMMUNITY CREDIT UNION OF LYNN
    Similarity Rank: 525
    Bridgewater Savings Bank
    Similarity Rank: 600
    Mascoma Bank
    Similarity Rank: 637
    NESC
    Similarity Rank: 772
    East Boston Savings Bank
    Similarity Rank: 798
    Sharon & Crescent United Credit Union
    Similarity Rank: 830
    QUINCY CREDIT UNION
    Similarity Rank: 876
    NEW HAMPSHIRE
    Similarity Rank: 987

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 570 $133,520,000 $234,246 $2,326 3.02%

    For 2020, Triangle Credit Union's most frequently originated type of loan was Conventional, with 570 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 293 $67,575,000 $230,631 $2,280 2.93%
    Cash Out Refi 223 $51,875,000 $232,623 $2,349 3.04%
    Home Purchase 49 $13,295,000 $271,327 $2,534 3.34%
    Home Improvement 4 $600,000 $150,000 $2,326 2.91%
    NA 1 $175,000 $175,000 $0 5.25%

    For 2020, Triangle Credit Union's most frequently cited loan purpose was Refi, with 293 originations. The 2nd most popular reason was Cash Out Refi, with 223 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 236 $57,370,000 $243,093 $2,370 3.12%
    15 Year 171 $36,165,000 $211,491 $2,275 2.68%
    20 Year 71 $16,415,000 $231,197 $2,297 3.03%
    30+ year 48 $13,140,000 $273,750 $2,411 2.99%
    Other 28 $7,670,000 $273,929 $2,251 4.11%
    10 Year 13 $2,195,000 $168,846 $2,122 2.97%
    5 Year 2 $390,000 $195,000 $2,276 3.73%
    3 Year 1 $175,000 $175,000 $0 5.25%

    For 2020, Triangle Credit Union's most frequently cited loan duration was 30 Year, with 236 originations. The 2nd most popular length was 15 Year, with 171 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 550 $127,650,000 $232,091
    $2k-3k 1 $245,000 $245,000
    $3k-4k 1 $345,000 $345,000

    Triangle Credit Union's average total fees were $2,370, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 550 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 300 $72,600,000 $242,000
    3-4% 174 $40,280,000 $231,494
    <2.5% 75 $14,955,000 $199,400
    4-5% 16 $4,570,000 $285,625
    5-6% 5 $1,115,000 $223,000

    During 2020, Triangle Credit Union's average interest rate for loans was 3.12%, while their most frequently originated rate bucket for loans was 2.5-3%, with 300 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 328 $86,950,000 $265,091 $2,414 3.03%
    $100k-200k 187 $29,735,000 $159,011 $2,146 2.98%
    $400k-600k 29 $13,395,000 $461,897 $2,796 3.08%
    $100,000 or less 24 $1,900,000 $79,167 $1,943 2.92%
    $600k-1MM 2 $1,540,000 $770,000 $3,412 3.81%

    2020 saw Triangle Credit Union place emphasis on $200k-400k loans with 328 originations, totaling $86,950,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 176 $41,860,000 $237,841 $2,369 3.00%
    $150k-250k 127 $34,935,000 $275,079 $2,406 2.92%
    $75k-100k 107 $22,355,000 $208,925 $2,267 2.99%
    $50k-75k 91 $16,625,000 $182,692 $2,227 2.95%
    $250k+ 27 $9,435,000 $349,444 $2,568 2.83%
    $50k or less 24 $3,180,000 $132,500 $2,002 2.97%

    Triangle Credit Union lent most frequently to those with incomes in the $100k-150k range, with 176 originations. The second most popular income band? $150k-250k, with 127 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 171 $39,835,000 $232,953 $2,317 2.92%
    30-36% 108 $24,620,000 $227,963 $2,295 2.95%
    <20% 75 $17,125,000 $228,333 $2,330 2.88%
    38% 20 $4,980,000 $249,000 $2,621 3.03%
    40% 19 $4,495,000 $236,579 $2,364 3.01%
    37% 18 $4,870,000 $270,556 $2,492 2.97%
    46% 17 $3,885,000 $228,529 $2,259 3.15%
    42% 16 $3,860,000 $241,250 $2,325 3.02%
    36% 16 $4,030,000 $251,875 $2,290 3.16%
    41% 16 $3,690,000 $230,625 $2,349 3.06%
    45% 16 $3,490,000 $218,125 $2,297 2.90%
    44% 15 $3,515,000 $234,333 $2,392 3.19%
    39% 13 $2,935,000 $225,769 $2,269 3.07%
    43% 11 $2,895,000 $263,182 $2,379 2.98%
    50-60% 8 $1,330,000 $166,250 $2,158 2.86%
    47% 5 $975,000 $195,000 $2,150 2.95%
    48% 4 $1,170,000 $292,500 $2,415 3.09%
    49% 2 $370,000 $185,000 $2,274 3.19%
    >60% 2 $320,000 $160,000 $1,956 2.94%

    Triangle Credit Union lent most frequently to those with DTI ratios of 20-30%, with 171 originations. The next most common DTI ratio? 30-36%, with 108 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 498 $115,480,000 $231,888 $2,328 2.97%
    Not provided 45 $10,245,000 $227,667 $2,318 3.05%
    Not applicable 15 $4,685,000 $312,333 $1,918 4.44%
    Asian 6 $1,340,000 $223,333 $2,291 2.69%
    Asian Indian 2 $730,000 $365,000 $2,640 2.88%
    Black 2 $510,000 $255,000 $2,188 3.56%
    Other Asian 1 $315,000 $315,000 $2,739 2.50%
    American Indian 1 $215,000 $215,000 $2,038 3.25%

    Approval Rates

    Total approvals of all applications
    89.10%

    Triangle Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    78.95%

    Triangle Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    2306.85 1 $195,000 $195,000
    NA 569 $133,325,000 $234,315

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 6 $2,620,000 $436,667
    Single Family (1-4 Units):Site-Built 564 $130,900,000 $232,092

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 43 $5,175,000 $120,349 $2,095 2.82%
    40-60% 171 $35,895,000 $209,912 $2,251 2.85%
    60-80% 282 $73,500,000 $260,638 $2,378 3.12%
    80-100% 67 $18,105,000 $270,224 $2,419 3.13%
    Over 100% 1 $195,000 $195,000 $0 4.75%
    Under 20% 5 $405,000 $81,000 $2,135 2.90%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    TRANSUNION INTERMEDIATE HOLDINGS, INC. Home equity loan or line of credit (HELOC) Incorrect information on your report 1 9.1%
    TRANSUNION INTERMEDIATE HOLDINGS, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 9.1%
    TRANSUNION INTERMEDIATE HOLDINGS, INC. Conventional home mortgage Improper use of your report 1 9.1%
    TRANSUNION INTERMEDIATE HOLDINGS, INC. Conventional home mortgage Incorrect information on your report 4 36.4%
    TRANSUNION INTERMEDIATE HOLDINGS, INC. Conventional home mortgage Problem with a credit reporting company's investigation into an existing problem 1 9.1%
    TRANSUNION INTERMEDIATE HOLDINGS, INC. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 9.1%
    TRANSUNION INTERMEDIATE HOLDINGS, INC. FHA mortgage Improper use of your report 1 9.1%
    TRANSUNION INTERMEDIATE HOLDINGS, INC. FHA mortgage Incorrect information on your report 1 9.1%