Community Credit Union Of Lynn Mortgage Rates, Fees & Info
Lynn, MALEI: 549300R1DB8186CV7Z17
Tax ID: 04-2207787
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Mortgage Data
Review & Overview
Community Credit Union Of Lynn is a smaller credit union specializing in Home Purchase, Refi, and Cash Out Refi loans. Community Credit Union Of Lynn has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Barnstable Town, Worcester, Manchester, and Portland among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Community Credit Union Of Lynn 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.
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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.98% | 11/21/24 |
| 30 Year Conventional Refi | 6.27% | 11/21/24 |
| 30 Year Cash-out Refi | 6.24% | 11/21/24 |
| 15 Year Conventional Purchase | 5.74% | 11/21/24 |
| 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. | ||
Community Credit Union Of Lynn Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
104Origination Dollar Volume (All Markets)
$28,760,000Top 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 |
|---|---|---|---|---|---|
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 98 | $27,650,000 | $282,143 | $0 | 0.00% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $205,000 | $205,000 | $0 | 0.00% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $0 | 0.00% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against COMMUNITY CREDIT UNION OF LYNN based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 104 | $28,760,000 | $276,538 | $0 | 0.00% |
For 2019, Community Credit Union Of Lynn's most frequently originated type of loan was Conventional, with 104 originations.
Loan Reason
For 2019, Community Credit Union Of Lynn's most frequently cited loan purpose was Home Purchase, with 36 originations. The 2nd most popular reason was Refi, with 29 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 104 | $28,760,000 | $276,538 | $0 | 0.00% |
For 2019, Community Credit Union Of Lynn's most frequently cited loan duration was Other, with 104 originations.
Loan Sizing
2019 saw Community Credit Union Of Lynn place emphasis on $200k-400k loans with 45 originations, totaling $13,235,000 in origination value.
Applicant Income
Community Credit Union Of Lynn lent most frequently to those with incomes in the $75k-100k range, with 26 originations. The second most popular income band? $150k-250k, with 25 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 104 | $28,760,000 | $276,538 | $0 | 0.00% |
Community Credit Union Of Lynn lent most frequently to those with DTI ratios of Exempt%, with 104 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.00%
Community Credit Union Of Lynn has an average approval rate.
Pick Rate
Approvals leading to origination91.35%
Community Credit Union Of Lynn has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 104 | $28,760,000 | $276,538 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 104 | $28,760,000 | $276,538 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Community Loan Fund of New Jersey, Inc | Conventional home mortgage | Trouble during payment process | 1 | 100.0% |