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 43 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • 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 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, Bridgeport, Norwich, and Springfield among others. We have data for 12 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.80% 3/31/23
    30 Year Conventional Purchase 6.01% 3/31/23
    30 Year Conventional Refi 5.85% 3/31/23
    30 Year Cash-out Refi 5.98% 3/31/23
    30 Year FHA Purchase 7.02% 3/31/23
    15 Year Conventional Purchase 5.82% 3/31/23
    15 Year Conventional Refi 6.38% 3/31/23
    15 Year Cash-out Refi 6.38% 3/31/23
    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.


    Originations

    1,823

    Origination Dollar Volume (All Markets)

    $241,615,000

    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 mortgage rate was 3.92%.

    The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

    This yields a difference of -0.84%.

    Relative Fees (Closing Costs)

    American Eagle Financial Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $4,226.

    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 $4,750.

    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) 1,536 $198,010,000 $128,913 $1,439 4.90%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 152 $21,490,000 $141,382 $2,185 4.84%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 33 $7,645,000 $231,667 $2,828 5.39%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 32 $4,580,000 $143,125 $1,763 4.84%
    SPRINGFIELD, MA (FHA|USDA|VA) 21 $3,275,000 $155,952 $1,915 4.83%
    Torrington, CT (FHA|USDA|VA) 27 $2,655,000 $98,333 $963 4.71%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 3 $1,135,000 $378,333 $3,475 3.25%
    WORCESTER, MA-CT (FHA|USDA|VA) 11 $1,085,000 $98,636 $1,120 5.15%
    Vineyard Haven, MA (FHA|USDA|VA) 1 $915,000 $915,000 $5,983 4.50%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 5 $745,000 $149,000 $1,789 4.55%
    PITTSFIELD, MA (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.75%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $25,000 $25,000 $0 6.50%
    American Eagle Financial Credit Union's top markets include Hartford, New Haven, Bridgeport, Norwich, and Springfield among others.

    Their top states include:
  • Connecticut (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)

    • 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.

    CorePlus Federal Credit Union
    Similarity Rank: 260
    SCIENT Federal Credit Union
    Similarity Rank: 338
    Sanborn Mortgage Corporation
    Similarity Rank: 348
    Ridgewood Savings Bank
    Similarity Rank: 394
    POLISH NATIONAL
    Similarity Rank: 470
    BNB Bank
    Similarity Rank: 590
    PeoplesBank
    Similarity Rank: 840
    Fairfield County Bank
    Similarity Rank: 840
    The Torrington Savings Bank
    Similarity Rank: 930
    Eastern Bank
    Similarity Rank: 950

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,125 $163,915,000 $145,702 $1,490 4.47%
    HELOC 692 $75,970,000 $109,783 n/a 5.60%
    FHA 6 $1,730,000 $288,333 $9,166 4.92%

    For 2022, American Eagle Financial Credit Union's most frequently originated type of loan was Conventional, with 1,125 originations. Their 2nd most popular type was HELOC, with 692 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 571 $38,785,000 $67,925 $11 5.28%
    Other 433 $36,115,000 $83,406 $47 5.47%
    Refi 407 $54,225,000 $133,231 $766 4.78%
    Home Purchase 262 $74,360,000 $283,817 $4,365 4.41%
    Cash Out Refi 150 $38,130,000 $254,200 $3,540 3.01%

    For 2022, American Eagle Financial Credit Union's most frequently cited loan purpose was Home Improvement, with 571 originations. The 2nd most popular reason was Other, with 433 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 701 $76,335,000 $108,894 $0 5.59%
    10 Year 384 $22,900,000 $59,635 $62 4.63%
    30 Year 304 $90,790,000 $298,651 $4,226 3.92%
    20 Year 175 $21,695,000 $123,971 $897 5.47%
    15 Year 175 $26,775,000 $153,000 $1,681 4.12%
    5 Year 82 $3,090,000 $37,683 $0 4.34%
    3 Year 2 $30,000 $15,000 $0 2.88%

    For 2022, American Eagle Financial Credit Union's most frequently cited loan duration was Other, with 701 originations. The 2nd most popular length was 10 Year, with 384 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 941 $109,745,000 $116,626
    $1k-2k 78 $18,780,000 $240,769
    $2k-3k 45 $16,255,000 $361,222
    $3k-4k 30 $9,820,000 $327,333
    $5k+ 13 $5,245,000 $403,462
    $4k-5k 9 $3,365,000 $373,889

    American Eagle Financial Credit Union's average total fees were $4,226, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 941 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 428 $54,200,000 $126,636
    3-4% 403 $48,675,000 $120,782
    5-6% 302 $33,790,000 $111,887
    6-7% 204 $20,020,000 $98,137
    2.5-3% 187 $46,205,000 $247,086
    7-8% 126 $12,520,000 $99,365
    <2.5% 87 $18,805,000 $216,149
    Over 8% 86 $7,400,000 $86,047

    During 2022, American Eagle Financial Credit Union's average interest rate for loans was 3.92%, while their most frequently originated rate bucket for loans was 4-5%, with 428 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 982 $49,190,000 $50,092 $42 5.27%
    $100k-200k 428 $59,650,000 $139,369 $1,823 4.85%
    $200k-400k 338 $92,290,000 $273,047 $3,848 4.11%
    $400k-600k 56 $26,030,000 $464,821 $4,328 4.07%
    $600k-1MM 18 $13,300,000 $738,889 $6,496 3.39%
    $1MM+ 1 $1,155,000 $1,155,000 $4,792 2.75%

    2022 saw American Eagle Financial Credit Union place emphasis on $100,000 or less loans with 982 originations, totaling $49,190,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 526 $67,230,000 $127,814 $1,539 4.92%
    $150k-250k 449 $71,925,000 $160,189 $1,736 4.75%
    $75k-100k 330 $36,680,000 $111,152 $1,384 4.92%
    $50k-75k 265 $23,945,000 $90,358 $1,287 4.91%
    $250k+ 144 $33,480,000 $232,500 $2,369 5.14%
    $50k or less 103 $7,855,000 $76,262 $1,047 4.95%

    American Eagle Financial Credit Union lent most frequently to those with incomes in the $100k-150k range, with 526 originations. The second most popular income band? $150k-250k, with 449 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 439 $67,115,000 $152,882 $1,934 4.47%
    30-36% 331 $43,185,000 $130,468 $1,481 4.88%
    <20% 179 $29,235,000 $163,324 $2,158 4.20%
    50-60% 157 $12,065,000 $76,847 $72 5.76%
    38% 62 $7,730,000 $124,677 $1,861 5.23%
    39% 62 $7,770,000 $125,323 $1,586 5.46%
    41% 61 $7,095,000 $116,311 $1,675 4.89%
    36% 56 $6,230,000 $111,250 $1,063 5.05%
    43% 54 $6,940,000 $128,519 $1,595 4.79%
    37% 53 $6,215,000 $117,264 $791 5.17%
    42% 53 $8,195,000 $154,623 $1,979 5.12%
    44% 51 $5,855,000 $114,804 $1,089 5.20%
    49% 50 $5,880,000 $117,600 $978 4.61%
    47% 49 $5,835,000 $119,082 $1,398 5.52%
    45% 45 $3,795,000 $84,333 $582 5.62%
    48% 44 $6,880,000 $156,364 $1,714 5.33%
    40% 42 $7,520,000 $179,048 $2,440 4.74%
    46% 35 $4,075,000 $116,429 $1,657 5.66%

    American Eagle Financial Credit Union lent most frequently to those with DTI ratios of 20-30%, with 439 originations. The next most common DTI ratio? 30-36%, with 331 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,408 $178,020,000 $126,435 $1,341 4.91%
    Not provided 209 $34,775,000 $166,388 $2,113 4.47%
    Black 140 $16,830,000 $120,214 $1,727 5.58%
    Asian 45 $8,495,000 $188,778 $3,043 4.58%
    Asian Indian 11 $1,965,000 $178,636 $3,562 4.31%
    Other Asian 5 $1,075,000 $215,000 $3,269 4.53%
    American Indian 4 $360,000 $90,000 $1,085 4.56%
    Native Hawaiian or Islander 1 $95,000 $95,000 $0 6.25%

    Approval Rates

    Total approvals of all applications
    78.94%

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

    Pick Rate

    Approvals leading to origination
    83.54%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,823 $241,615,000 $132,537

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,823 $241,615,000 $132,537

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 427 $45,905,000 $107,506 $177 5.46%
    40-60% 170 $33,930,000 $199,588 $2,348 4.23%
    60-80% 255 $70,085,000 $274,843 $3,564 3.68%
    80-100% 167 $51,215,000 $306,677 $4,790 4.35%
    Under 20% 804 $40,480,000 $50,348 $5 5.24%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    American Financial Network Inc. FHA mortgage Trouble during payment process 1 100.0%