American Eagle Financial Credit Union Mortgage Rates, Fees & InfoEAST HARTFORD, CT
Tax ID: 47-2559616
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewAmerican 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.
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|Simulated Rate||Simulation Date|
|Home Equity Line of Credit (HELOC)||6.80%||9/25/23|
|30 Year Conventional Purchase||6.01%||9/25/23|
|30 Year Conventional Refi||5.85%||9/25/23|
|30 Year Cash-out Refi||5.98%||9/25/23|
|30 Year FHA Purchase||7.02%||9/25/23|
|15 Year Conventional Purchase||5.82%||9/25/23|
|15 Year Conventional Refi||6.38%||9/25/23|
|15 Year Cash-out Refi||6.38%||9/25/23|
|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.|
American Eagle Financial Credit Union Mortgage Calculator
Your EstimatesEstimated 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.
Origination Dollar Volume (All Markets)$241,615,000
AMERICAN EAGLE FINANCIAL CREDIT UNION - 2022
AMERICAN EAGLE FINANCIAL CREDIT UNION is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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American Eagle Financial Credit Union's average 30 year fixed mortgage rate was
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.
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%|
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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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
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.
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.
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|
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.
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.
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.
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
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.
Approval RatesTotal approvals of all applications
American Eagle Financial Credit Union has a below average approval rate.
Pick RateApprovals leading to origination
American Eagle Financial Credit Union has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|
|Bank Name||Product||Issue||2022 CPFB Complaints||% of Total Issues|
|American Financial Network Inc.||FHA mortgage||Trouble during payment process||1||100.0%|