Windsor Locks Federal Credit Union Mortgage Rates, Fees & Info

WINDSOR LOCKS, CT

LEI: 549300QCV4J37OC2IL06

Tax ID: 06-0655069

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Windsor Locks Federal Credit Union is a smaller credit union specializing in Home Improvement and Other loans. Windsor Locks Federal Credit Union has a high proportion of conventional loans.

    Windsor Locks 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.

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    Originations

    45

    Origination Dollar Volume (All Markets)

    $3,165,000

    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
    Outside of Metro Areas 45 $3,165,000 $70,333 $0 0.00%
    Windsor Locks Federal Credit Union's top markets include

    Their top states include:
  • Connecticut (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 45 $3,165,000 $70,333 $0 0.00%

    For 2024, Windsor Locks Federal Credit Union's most frequently originated type of loan was Conventional, with 45 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 26 $1,800,000 $69,231 $0 0.00%
    Other 17 $765,000 $45,000 $0 0.00%
    Home Purchase 2 $600,000 $300,000 $0 0.00%

    For 2024, Windsor Locks Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 26 originations. The 2nd most popular reason was Other, with 17 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 45 $3,165,000 $70,333 $0 0.00%

    For 2024, Windsor Locks Federal Credit Union's most frequently cited loan duration was Other, with 45 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 36 $1,500,000 $41,667 $0 0.00%
    $100k-200k 6 $760,000 $126,667 $0 0.00%
    $200k-400k 2 $450,000 $225,000 $0 0.00%
    $400k-600k 1 $455,000 $455,000 $0 0.00%

    2024 saw Windsor Locks Federal Credit Union place emphasis on $100,000 or less loans with 36 originations, totaling $1,500,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 14 $1,060,000 $75,714 $0 0.00%
    $75k-100k 10 $550,000 $55,000 $0 0.00%
    $150k-250k 9 $1,145,000 $127,222 $0 0.00%
    $50k-75k 6 $160,000 $26,667 $0 0.00%
    $50k or less 6 $250,000 $41,667 $0 0.00%

    Windsor Locks Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 14 originations. The second most popular income band? $75k-100k, with 10 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 45 $3,165,000 $70,333 $0 0.00%

    Windsor Locks Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 45 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 43 $2,835,000 $65,930 $0 0.00%
    Asian 1 $205,000 $205,000 $0 0.00%
    Black 1 $125,000 $125,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    98.31%

    Windsor Locks Federal Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    86.67%

    Windsor Locks Federal Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 45 $3,165,000 $70,333

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    45 $3,165,000 $70,333