Windsor Locks Federal Credit Union Mortgage Rates, Fees & Info

WINDSOR LOCKS, CT

LEI: 549300QCV4J37OC2IL06

Tax ID: 06-0655069

Latest/2023 | 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 Cash Out Refi, Refi, and Home Purchase loans. Windsor Locks Federal Credit Union has a high proportion of conventional loans. Their top two markets are Hartford and New Haven .

    Windsor Locks 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.

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    Originations

    54

    Origination Dollar Volume (All Markets)

    $5,460,000

    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
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 52 $5,140,000 $98,846 $0 0.00%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
    Outside of Metro Areas 1 $145,000 $145,000 $0 0.00%
    Windsor Locks Federal Credit Union's top markets include Hartford and New Haven among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 54 $5,460,000 $101,111 $0 0.00%

    For 2018, Windsor Locks Federal Credit Union's most frequently originated type of loan was Conventional, with 54 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 24 $2,110,000 $87,917 $0 0.00%
    Refi 13 $1,505,000 $115,769 $0 0.00%
    Home Purchase 9 $1,245,000 $138,333 $0 0.00%
    Home Improvement 7 $435,000 $62,143 $0 0.00%
    Other 1 $165,000 $165,000 $0 0.00%

    For 2018, Windsor Locks Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 24 originations. The 2nd most popular reason was Refi, with 13 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 54 $5,460,000 $101,111 $0 0.00%

    For 2018, Windsor Locks Federal Credit Union's most frequently cited loan duration was Other, with 54 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 30 $1,400,000 $46,667 $0 0.00%
    $100k-200k 17 $2,495,000 $146,765 $0 0.00%
    $200k-400k 7 $1,565,000 $223,571 $0 0.00%

    2018 saw Windsor Locks Federal Credit Union place emphasis on $100,000 or less loans with 30 originations, totaling $1,400,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 18 $1,950,000 $108,333 $0 0.00%
    $100k-150k 10 $910,000 $91,000 $0 0.00%
    $50k-75k 10 $1,020,000 $102,000 $0 0.00%
    $50k or less 10 $640,000 $64,000 $0 0.00%
    $150k-250k 4 $460,000 $115,000 $0 0.00%
    $250k+ 1 $305,000 $305,000 $0 0.00%

    Windsor Locks Federal Credit Union lent most frequently to those with incomes in the $75k-100k range, with 18 originations. The second most popular income band? $100k-150k, with 10 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 54 $5,460,000 $101,111 $0 0.00%

    Windsor Locks Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 54 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 52 $5,170,000 $99,423 $0 0.00%
    Black 2 $290,000 $145,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    86.30%

    Windsor Locks Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.33%

    Windsor Locks Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 54 $5,460,000 $101,111

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 54 $5,460,000 $101,111