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 Refi and Home Purchase loans. Windsor Locks Federal Credit Union has a high proportion of conventional loans. Their top two markets are Hartford and Springfield .

    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

    48

    Origination Dollar Volume (All Markets)

    $4,630,000

    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) 46 $4,440,000 $96,522 $0 0.00%
    SPRINGFIELD, MA (FHA|USDA|VA) 2 $190,000 $95,000 $0 0.00%
    Windsor Locks Federal Credit Union's top markets include Hartford and Springfield among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 48 $4,630,000 $96,458 $0 0.00%

    For 2019, Windsor Locks Federal Credit Union's most frequently originated type of loan was Conventional, with 48 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 19 $2,385,000 $125,526 $0 0.00%
    Home Purchase 12 $1,780,000 $148,333 $0 0.00%
    Other 9 $265,000 $29,444 $0 0.00%
    Home Improvement 8 $200,000 $25,000 $0 0.00%

    For 2019, Windsor Locks Federal Credit Union's most frequently cited loan purpose was Refi, with 19 originations. The 2nd most popular reason was Home Purchase, with 12 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 48 $4,630,000 $96,458 $0 0.00%

    For 2019, Windsor Locks Federal Credit Union's most frequently cited loan duration was Other, with 48 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 25 $995,000 $39,800 $0 0.00%
    $100k-200k 20 $2,960,000 $148,000 $0 0.00%
    $200k-400k 3 $675,000 $225,000 $0 0.00%

    2019 saw Windsor Locks Federal Credit Union place emphasis on $100,000 or less loans with 25 originations, totaling $995,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 11 $1,085,000 $98,636 $0 0.00%
    $50k or less 8 $500,000 $62,500 $0 0.00%
    $75k-100k 4 $130,000 $32,500 $0 0.00%
    $100k-150k 3 $435,000 $145,000 $0 0.00%
    $150k-250k 3 $95,000 $31,667 $0 0.00%

    Windsor Locks Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 11 originations. The second most popular income band? $50k or less, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 48 $4,630,000 $96,458 $0 0.00%

    Windsor Locks Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 48 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 47 $4,425,000 $94,149 $0 0.00%
    Asian 1 $205,000 $205,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    78.26%

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

    Pick Rate

    Approvals leading to origination
    87.50%

    Windsor Locks Federal Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 48 $4,630,000 $96,458

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 48 $4,630,000 $96,458