American Eagle Financial Credit Union Mortgage Rates, Fees & Info

EAST HARTFORD, CT

LEI: 549300TYBI78RNWPFB28

Tax ID: 47-2559616

5 stars - Updated: 4/5/25 - out of 5 stars, based on 35 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • 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

    American Eagle Financial Credit Union is a smaller credit union specializing in Home Improvement, Refi, and Home Purchase loans. American Eagle Financial Credit Union has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Barnstable Town, Springfield, Worcester, and Boston among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    American Eagle Financial 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. American Eagle Financial Credit Union is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 7.68% 4/5/25
    30 Year Conventional Purchase 6.54% 4/5/25
    30 Year Conventional Refi 6.16% 4/5/25
    30 Year Cash-out Refi 6.58% 4/5/25
    30 Year FHA Purchase 6.66% 4/5/25
    15 Year Conventional Purchase 5.97% 4/5/25
    15 Year Conventional Refi 7.56% 4/5/25
    15 Year Cash-out Refi 7.56% 4/5/25
    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.

    American Eagle Financial Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from American Eagle Financial Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    1,223

    Origination Dollar Volume (All Markets)

    $148,905,000

    Awards

    AMERICAN EAGLE FINANCIAL CREDIT UNION 30 Year Conventional Loans gold AMERICAN EAGLE FINANCIAL CREDIT UNION 30 Year Conventional Loans gold
    Show all (2) awards

    Relative Rate

    American Eagle Financial Credit Union's average 30 year fixed mortgage rate was 6.06%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of -0.49%.

    Relative Fees (Closing Costs)

    American Eagle Financial Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $4,181.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $8,356.

    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
    Outside of Metro Areas 1,205 $144,535,000 $119,946 $873 8.50%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 4 $2,360,000 $590,000 $7,170 7.97%
    SPRINGFIELD, MA (FHA|USDA|VA) 10 $1,410,000 $141,000 $2,147 8.48%
    WORCESTER, MA-CT (FHA|USDA|VA) 2 $500,000 $250,000 $0 8.25%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 2 $100,000 $50,000 $0 8.13%
    American Eagle Financial Credit Union's top markets include Barnstable Town, Springfield, Worcester, and Boston 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
    HELOC 624 $73,250,000 $117,388 n/a 9.33%
    Conventional 597 $75,115,000 $125,821 $863 7.64%
    FHA 2 $540,000 $270,000 $8,291 5.94%

    For 2024, American Eagle Financial Credit Union's most frequently originated type of loan was HELOC, with 624 originations. Their 2nd most popular type was Conventional, with 597 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 502 $41,830,000 $83,327 $0 8.86%
    Other 303 $28,475,000 $93,977 $125 8.75%
    Refi 291 $38,185,000 $131,220 $243 8.52%
    Home Purchase 107 $34,895,000 $326,121 $4,318 6.48%
    Cash Out Refi 20 $5,520,000 $276,000 $4,159 5.95%

    For 2024, American Eagle Financial Credit Union's most frequently cited loan purpose was Home Improvement, with 502 originations. The 2nd most popular reason was Other, with 303 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 627 $73,345,000 $116,978 $0 9.32%
    10 Year 191 $11,395,000 $59,660 $39 8.37%
    15 Year 178 $18,560,000 $104,270 $447 7.69%
    30 Year 102 $35,390,000 $346,961 $4,181 6.06%
    5 Year 73 $2,775,000 $38,014 $0 7.49%
    20 Year 51 $7,405,000 $145,196 $348 8.04%
    3 Year 1 $35,000 $35,000 $0 7.75%

    For 2024, American Eagle Financial Credit Union's most frequently cited loan duration was Other, with 627 originations. The 2nd most popular length was 10 Year, with 191 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 548 $61,990,000 $113,120
    $1k-2k 27 $7,485,000 $277,222
    $2k-3k 11 $2,345,000 $213,182
    $3k-4k 9 $2,335,000 $259,444
    $5k+ 2 $860,000 $430,000
    $4k-5k 1 $545,000 $545,000

    American Eagle Financial Credit Union's average total fees were $4,181, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 548 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 815 $83,855,000 $102,890
    6-7% 170 $24,150,000 $142,059
    7-8% 138 $12,550,000 $90,942
    5-6% 79 $21,035,000 $266,266
    4-5% 21 $7,315,000 $348,333

    During 2024, American Eagle Financial Credit Union's average interest rate for loans was 6.06%, while their most frequently originated rate bucket for loans was Over 8%, with 815 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 713 $38,005,000 $53,303 $39 8.78%
    $100k-200k 294 $39,050,000 $132,823 $771 8.65%
    $200k-400k 170 $46,080,000 $271,059 $3,126 7.51%
    $400k-600k 39 $18,615,000 $477,308 $5,056 7.03%
    $600k-1MM 4 $2,970,000 $742,500 $5,379 5.47%
    $1MM+ 3 $4,185,000 $1,395,000 $6,773 5.54%

    2024 saw American Eagle Financial Credit Union place emphasis on $100,000 or less loans with 713 originations, totaling $38,005,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 337 $38,055,000 $112,923 $775 8.52%
    $150k-250k 330 $47,910,000 $145,182 $1,133 8.34%
    $75k-100k 202 $19,710,000 $97,574 $603 8.75%
    $50k-75k 177 $11,985,000 $67,712 $539 8.67%
    $250k+ 106 $26,380,000 $248,868 $2,039 8.19%
    $50k or less 60 $3,140,000 $52,333 $505 8.45%

    American Eagle Financial Credit Union lent most frequently to those with incomes in the $100k-150k range, with 337 originations. The second most popular income band? $150k-250k, with 330 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 227 $23,705,000 $104,427 $7 9.31%
    20-30% 189 $22,905,000 $121,190 $1,379 8.01%
    30-36% 174 $22,030,000 $126,609 $957 8.31%
    <20% 93 $11,115,000 $119,516 $1,199 7.83%
    40% 47 $6,315,000 $134,362 $1,117 8.36%
    42% 43 $5,905,000 $137,326 $1,159 8.16%
    38% 43 $4,885,000 $113,605 $1,133 8.20%
    44% 43 $6,875,000 $159,884 $747 8.49%
    43% 43 $4,825,000 $112,209 $621 8.82%
    48% 40 $4,340,000 $108,500 $582 8.74%
    45% 40 $5,860,000 $146,500 $570 8.40%
    39% 39 $4,365,000 $111,923 $572 8.88%
    46% 39 $4,715,000 $120,897 $771 8.74%
    49% 36 $4,620,000 $128,333 $1,201 8.41%
    36% 35 $5,935,000 $169,571 $2,080 8.22%
    41% 34 $4,970,000 $146,176 $1,646 8.28%
    47% 30 $2,780,000 $92,667 $345 8.90%
    37% 28 $2,760,000 $98,571 $0 8.54%

    American Eagle Financial Credit Union lent most frequently to those with DTI ratios of 50-60%, with 227 originations. The next most common DTI ratio? 20-30%, with 189 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 901 $108,095,000 $119,972 $791 8.43%
    Not provided 153 $20,515,000 $134,085 $1,161 8.68%
    Black 113 $11,265,000 $99,690 $898 8.85%
    Asian 28 $4,550,000 $162,500 $1,183 8.01%
    Asian Indian 8 $2,580,000 $322,500 $3,719 7.16%
    American Indian 12 $1,070,000 $89,167 $1,339 9.51%
    Other Asian 3 $485,000 $161,667 $0 8.58%
    Other Pacific Islander 4 $250,000 $62,500 $0 9.88%
    Native Hawaiian or Islander 1 $95,000 $95,000 $0 8.75%

    Approval Rates

    Total approvals of all applications
    77.17%

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

    Pick Rate

    Approvals leading to origination
    87.24%

    American Eagle Financial Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,223 $148,905,000 $121,754

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,223 $148,905,000 $121,754

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 387 $47,915,000 $123,811 $326 8.92%
    40-60% 111 $25,075,000 $225,901 $1,679 8.13%
    60-80% 74 $25,820,000 $348,919 $4,023 6.77%
    80-100% 55 $19,535,000 $355,182 $4,369 6.59%
    Under 20% 596 $30,560,000 $51,275 $15 8.68%