American Eagle Financial Credit Union Mortgage Rates, Fees & Info
EAST HARTFORD, CTLEI: 549300TYBI78RNWPFB28
Tax ID: 47-2559616
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Mortgage Data
Review & Overview
American Eagle Financial Credit Union is a smaller credit union specializing in Other, 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: Hartford, New Haven, Norwich, Springfield, and Worcester among others. We have data for 9 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 relatively high 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.80% | 11/17/24 |
| 30 Year Conventional Purchase | 6.01% | 11/17/24 |
| 30 Year Conventional Refi | 5.85% | 11/17/24 |
| 30 Year Cash-out Refi | 5.98% | 11/17/24 |
| 30 Year FHA Purchase | 7.02% | 11/17/24 |
| 15 Year Conventional Purchase | 5.82% | 11/17/24 |
| 15 Year Conventional Refi | 6.38% | 11/17/24 |
| 15 Year Cash-out Refi | 6.38% | 11/17/24 |
| 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. | ||
American Eagle Financial Credit Union Mortgage Calculator
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This is not an official calculator from American Eagle Financial Credit Union. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,057Origination Dollar Volume (All Markets)
$112,855,000Awards
AMERICAN EAGLE FINANCIAL CREDIT UNION - 2023
AMERICAN EAGLE FINANCIAL CREDIT UNION is a 2023 , due to their low .
For 2023, 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 mortgage rate was
6.15%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -0.33%.
Relative Fees (Closing Costs)
American Eagle Financial Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,827.
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 $9,089.
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) | 916 | $97,130,000 | $106,037 | $692 | 8.54% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 79 | $7,835,000 | $99,177 | $682 | 8.83% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 18 | $2,200,000 | $122,222 | $1,481 | 8.31% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 16 | $1,770,000 | $110,625 | $547 | 8.83% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 13 | $1,535,000 | $118,077 | $1,302 | 8.13% |
| Torrington, CT (FHA|USDA|VA) | 9 | $865,000 | $96,111 | $0 | 8.31% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $4,078 | 5.00% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 4 | $560,000 | $140,000 | $695 | 9.28% |
| PITTSFIELD, MA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,294 | 5.00% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against AMERICAN EAGLE FINANCIAL CREDIT UNION 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 |
|---|---|---|---|---|---|
| HELOC | 568 | $62,640,000 | $110,282 | n/a | 9.43% |
| Conventional | 486 | $49,550,000 | $101,955 | $665 | 7.53% |
| FHA | 3 | $665,000 | $221,667 | $8,787 | 7.13% |
For 2023, American Eagle Financial Credit Union's most frequently originated type of loan was HELOC, with 568 originations. Their 2nd most popular type was Conventional, with 486 originations.
Loan Reason
For 2023, American Eagle Financial Credit Union's most frequently cited loan purpose was Other, with 372 originations. The 2nd most popular reason was Home Improvement, with 341 originations.
Loan Duration/Length
For 2023, American Eagle Financial Credit Union's most frequently cited loan duration was Other, with 574 originations. The 2nd most popular length was 10 Year, with 302 originations.
Origination Fees/Closing Costs
American Eagle Financial Credit Union's average total fees were $3,827, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 481 originations.
Interest Rates
During 2023, American Eagle Financial Credit Union's average interest rate for loans was 6.15%, while their most frequently originated rate bucket for loans was Over 8%, with 656 originations.
Loan Sizing
2023 saw American Eagle Financial Credit Union place emphasis on $100,000 or less loans with 658 originations, totaling $32,470,000 in origination value.
Applicant Income
American Eagle Financial Credit Union lent most frequently to those with incomes in the $100k-150k range, with 293 originations. The second most popular income band? $150k-250k, with 257 originations.
Applicant Debt to Income Ratio
American Eagle Financial Credit Union lent most frequently to those with DTI ratios of 20-30%, with 196 originations. The next most common DTI ratio? 30-36%, with 162 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications74.52%
American Eagle Financial Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination85.71%
American Eagle Financial Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,057 | $112,855,000 | $106,769 |