American Eagle Financial Credit Union Mortgage Rates, Fees & Info
EAST HARTFORD, CTLEI: 549300TYBI78RNWPFB28
Tax ID: 47-2559616
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage 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
1,715Origination Dollar Volume (All Markets)
$322,055,000Awards
AMERICAN EAGLE FINANCIAL CREDIT UNION - 2021
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For 2021, less than of lenders were eligible for this award.
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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 applications84.66%
American Eagle Financial Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination72.96%
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% |
