Arsenal Credit Union Mortgage Rates, Fees & Info
Arnold, MOLEI: 549300OSS620JYU5KR81
Tax ID: 43-0663009
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Mortgage Data
Review & Overview
Arsenal Credit Union is a smaller credit union specializing in Home Improvement and Home Purchase loans. Their top two markets are St. Louis and Farmington .Arsenal Credit Union has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.27% | 12/16/24 |
| 15 Year Conventional Refi | 6.59% | 12/16/24 |
| 15 Year Cash-out Refi | 6.59% | 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. | ||
Arsenal Credit Union Mortgage Calculator
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
57Origination Dollar Volume (All Markets)
$3,355,000Top 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 |
|---|---|---|---|---|---|
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 55 | $3,205,000 | $58,273 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $105,000 | $105,000 | $0 | 0.00% |
| Farmington, MO (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 57 | $3,355,000 | $58,860 | n/a | 0.00% |
For 2018, Arsenal Credit Union's most frequently originated type of loan was HELOC, with 57 originations.
Loan Reason
For 2018, Arsenal Credit Union's most frequently cited loan purpose was Home Improvement, with 31 originations. The 2nd most popular reason was Refi, with 10 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 57 | $3,355,000 | $58,860 | $0 | 0.00% |
For 2018, Arsenal Credit Union's most frequently cited loan duration was Other, with 57 originations.
Loan Sizing
2018 saw Arsenal Credit Union place emphasis on $100,000 or less loans with 52 originations, totaling $2,080,000 in origination value.
Applicant Income
Arsenal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 17 originations. The second most popular income band? $75k-100k, with 15 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.06%
Arsenal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination98.25%
Arsenal Credit Union has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 57 | $3,355,000 | $58,860 |