American Eagle Financial Credit Union Mortgage Rates, Fees & Info

EAST HARTFORD, CT

LEI: 549300TYBI78RNWPFB28

Tax ID: 47-2559616

5 stars - out of 5 stars, based on 41 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

American Eagle Financial Credit Union is a smaller credit union specializing in Refi, Cash Out Refi, and Home Purchase loans. American Eagle Financial Credit Union has a high proportion of conventional loans. Their top markets include Hartford, New Haven, Norwich, Bridgeport, and Worcester among others. American Eagle Financial Credit Union has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. American Eagle Financial Credit Union is typically an average fee lendor.


Originations

1,715

Origination Dollar Volume (All Markets)

$322,055,000

Awards

AMERICAN EAGLE FINANCIAL CREDIT UNION 30 Year Conventional Loans gold AMERICAN EAGLE FINANCIAL CREDIT UNION 30 Year Conventional Loans gold AMERICAN EAGLE FINANCIAL CREDIT UNION 30 Year Conventional Loans gold AMERICAN EAGLE FINANCIAL CREDIT UNION 30 Year Conventional Loans gold
Show all (4) awards

Relative Rate

American Eagle Financial Credit Union's average 30 year fixed rate mortgage of loans were 2.89%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.26%.

Relative Fees

American Eagle Financial Credit Union's average total fees for a 30 year fixed rate mortgage are $4,218.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1,447 $266,025,000 $183,846 $2,586 3.10%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 107 $20,255,000 $189,299 $2,702 3.20%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 64 $12,860,000 $200,938 $2,536 3.02%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 17 $7,255,000 $426,765 $4,261 3.20%
WORCESTER, MA-CT (FHA|USDA|VA) 26 $5,060,000 $194,615 $2,539 3.02%
SPRINGFIELD, MA (FHA|USDA|VA) 26 $4,730,000 $181,923 $2,659 2.84%
Torrington, CT (FHA|USDA|VA) 19 $2,645,000 $139,211 $1,559 3.22%
Vineyard Haven, MA (FHA|USDA|VA) 2 $1,430,000 $715,000 $6,054 2.81%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 5 $1,085,000 $217,000 $3,951 2.95%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 2 $710,000 $355,000 $3,971 2.94%

American Eagle Financial Credit Union's top markets include Hartford, New Haven, Norwich, Bridgeport, and Worcester among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,715 $322,055,000 $187,787 $2,607 3.10%

For the 2021 period, American Eagle Financial Credit Union's most frequently originated loan type of loans were Conventional, with 1,715 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 684 $127,450,000 $186,330 $2,362 2.94%
Cash Out Refi 395 $92,945,000 $235,304 $4,025 2.66%
Home Purchase 301 $80,795,000 $268,422 $4,190 2.90%
Home Improvement 201 $11,035,000 $54,900 $2 4.20%
Other 134 $9,830,000 $73,358 $214 4.00%

For the 2021, American Eagle Financial Credit Union's most frequently cited loan purpose of loans were Refi, with 684 originations. The 2nd most popular reason of loans were Cash Out Refi, with 395 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 620 $164,910,000 $265,984 $4,218 2.89%
15 Year 537 $83,335,000 $155,186 $1,938 3.04%
20 Year 315 $55,845,000 $177,286 $2,212 3.37%
5 Year 108 $5,040,000 $46,667 $0 3.34%
10 Year 102 $9,040,000 $88,627 $906 3.59%
Other 31 $3,845,000 $124,032 $1,395 3.27%
3 Year 2 $40,000 $20,000 $0 2.88%

For the 2021, American Eagle Financial Credit Union's most frequently cited loan length of loans were 30 Year, with 620 originations. The 2nd most popular length of loans were 15 Year, with 537 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 1,039 $154,635,000 $148,831
$1k-2k 261 $52,355,000 $200,594
$2k-3k 223 $59,095,000 $265,000
$3k-4k 126 $35,940,000 $285,238
$5k+ 41 $16,165,000 $394,268

$4,218 of loans were American Eagle Financial Credit Union's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 1,039 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 834 $194,110,000 $232,746
<2.5% 412 $87,650,000 $212,743
3-4% 323 $30,935,000 $95,774
4-5% 71 $4,425,000 $62,324
5-6% 34 $2,370,000 $69,706
6-7% 30 $1,920,000 $64,000
7-8% 8 $580,000 $72,500
Over 8% 3 $65,000 $21,667

During 2021, American Eagle Financial Credit Union's average interest rate of loans were 2.89%, while their most frequently originated rate bucket of loans were 2.5-3%, with 834 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 585 $157,165,000 $268,658 $3,904 2.73%
$100k-200k 562 $86,250,000 $153,470 $2,665 2.92%
$100,000 or less 468 $23,700,000 $50,641 $236 3.84%
$400k-600k 76 $36,400,000 $478,947 $5,434 2.76%
$600k-1MM 23 $17,455,000 $758,913 $6,498 2.82%
$1MM+ 1 $1,085,000 $1,085,000 $8,988 2.88%

2021 saw American Eagle Financial Credit Union place emphasis on $200k-400k loans with 585 originations, totaling $157,165,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 500 $94,680,000 $189,360 $2,724 3.11%
$150k-250k 380 $85,090,000 $223,921 $2,757 3.11%
$75k-100k 339 $54,055,000 $159,454 $2,506 3.10%
$50k-75k 274 $36,730,000 $134,051 $2,265 3.07%
$250k+ 108 $39,740,000 $367,963 $3,734 3.03%
$50k or less 99 $8,935,000 $90,253 $1,575 3.20%

American Eagle Financial Credit Union lent most frequently to those with incomes in the $100k-150k range, with 500 originations. The second most popular income band? $150k-250k, with 380 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 555 $115,975,000 $208,964 $2,991 2.93%
30-36% 297 $54,445,000 $183,316 $2,547 3.16%
<20% 253 $47,815,000 $188,992 $2,532 2.82%
50-60% 61 $6,055,000 $99,262 $479 3.67%
42% 55 $9,465,000 $172,091 $2,409 3.53%
36% 53 $9,155,000 $172,736 $2,611 3.17%
40% 49 $9,025,000 $184,184 $2,237 3.51%
39% 46 $7,810,000 $169,783 $2,735 3.47%
38% 45 $7,805,000 $173,444 $2,276 3.56%
43% 44 $7,650,000 $173,864 $3,266 3.16%
48% 39 $7,875,000 $201,923 $2,451 3.16%
37% 36 $6,190,000 $171,944 $2,158 3.06%
45% 34 $5,330,000 $156,765 $2,018 3.36%
41% 34 $6,840,000 $201,176 $2,499 3.21%
44% 32 $5,270,000 $164,688 $2,056 3.16%
47% 30 $5,500,000 $183,333 $2,902 3.16%
49% 29 $6,065,000 $209,138 $3,312 3.17%
46% 21 $3,535,000 $168,333 $2,769 3.30%
>60% 2 $250,000 $125,000 $0 3.13%

American Eagle Financial Credit Union lent most frequently to those with DTI ratios of 20-30%, with 555 originations. The next most common DTI ratio? 30-36%, with 297 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 1,334 $247,560,000 $185,577 $2,491 3.11%
Not provided 199 $40,485,000 $203,442 $3,000 3.03%
Black 101 $16,695,000 $165,297 $3,207 3.18%
Asian 57 $12,645,000 $221,842 $2,997 2.97%
Asian Indian 8 $2,120,000 $265,000 $3,888 2.80%
American Indian 10 $1,460,000 $146,000 $2,151 3.29%
Other Asian 3 $525,000 $175,000 $2,221 4.25%
Native Hawaiian 2 $370,000 $185,000 $1,251 3.25%
Chinese 1 $195,000 $195,000 $2,283 2.50%

Approval Rates

Total approvals of all applications
84.66%

American Eagle Financial Credit Union has a below average approval rate.

Pick Rate

Approvals leading to origination
72.96%

American Eagle Financial Credit Union has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 1,715 $322,055,000 $187,787

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,715 $322,055,000 $187,787

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 173 $16,535,000 $95,578 $526 3.71%
40-60% 262 $48,630,000 $185,611 $2,456 2.76%
60-80% 701 $173,175,000 $247,040 $3,690 2.75%
80-100% 261 $70,565,000 $270,364 $4,473 2.87%
Under 20% 318 $13,150,000 $41,352 $3 4.01%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
AMERICA FIRST FEDERAL CREDIT UNION Home equity loan or line of credit (HELOC) Incorrect information on your report 1 33.3%
AMERICA FIRST FEDERAL CREDIT UNION Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 33.3%
AMERICA FIRST FEDERAL CREDIT UNION Other type of mortgage Struggling to pay mortgage 1 33.3%