American Eagle Financial Credit Union Mortgage Rates, Fees & Info

EAST HARTFORD, CT

LEI: 549300TYBI78RNWPFB28

Tax ID: 47-2559616

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • 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 Home Purchase loans. American Eagle Financial Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Hartford, New Haven, Norwich, Worcester, and Springfield among others. We have data for 10 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% 12/16/24
    30 Year Conventional Purchase 6.01% 12/16/24
    30 Year Conventional Refi 5.85% 12/16/24
    30 Year Cash-out Refi 5.98% 12/16/24
    30 Year FHA Purchase 7.02% 12/16/24
    15 Year Conventional Purchase 5.82% 12/16/24
    15 Year Conventional Refi 6.38% 12/16/24
    15 Year Cash-out Refi 6.38% 12/16/24
    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






    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

    1,202

    Origination Dollar Volume (All Markets)

    $183,800,000
    Show all (5) awards

    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) 1,035 $156,205,000 $150,923 $1,784 4.63%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 74 $10,570,000 $142,838 $2,041 4.77%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 33 $6,135,000 $185,909 $2,159 4.64%
    WORCESTER, MA-CT (FHA|USDA|VA) 18 $3,570,000 $198,333 $2,003 4.65%
    SPRINGFIELD, MA (FHA|USDA|VA) 15 $2,095,000 $139,667 $1,537 4.32%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 4 $1,750,000 $437,500 $3,594 3.69%
    Torrington, CT (FHA|USDA|VA) 15 $1,625,000 $108,333 $1,283 4.76%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 5 $825,000 $165,000 $1,127 5.18%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 2 $770,000 $385,000 $3,363 3.63%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $255,000 $255,000 $3,109 4.63%
    American Eagle Financial Credit Union's top markets include Hartford, New Haven, Norwich, Worcester, 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.

    POLISH NATIONAL
    Similarity Rank: 60
    Stafford Savings Bank
    Similarity Rank: 68
    PeoplesBank
    Similarity Rank: 104
    Union Savings Bank
    Similarity Rank: 108
    Charter Oak Federal Credit Union
    Similarity Rank: 114
    The Torrington Savings Bank
    Similarity Rank: 144
    MUTUAL SECURITY CREDIT UNION
    Similarity Rank: 144
    Sanborn Mortgage Corporation
    Similarity Rank: 160
    The First National Bank of Long Island
    Similarity Rank: 236
    Thomaston Savings Bank
    Similarity Rank: 272

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,202 $183,800,000 $152,912 $1,811 4.63%

    For 2018, American Eagle Financial Credit Union's most frequently originated type of loan was Conventional, with 1,202 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 531 $121,435,000 $228,691 $3,179 4.21%
    Refi 236 $26,070,000 $110,466 $869 4.73%
    Home Improvement 169 $7,335,000 $43,402 $21 5.21%
    Other 161 $9,505,000 $59,037 $101 5.49%
    Cash Out Refi 105 $19,455,000 $185,286 $2,514 4.33%

    For 2018, American Eagle Financial Credit Union's most frequently cited loan purpose was Home Purchase, with 531 originations. The 2nd most popular reason was Refi, with 236 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 509 $119,725,000 $235,216 $3,311 4.24%
    10 Year 242 $14,800,000 $61,157 $40 4.92%
    15 Year 208 $30,750,000 $147,837 $1,808 4.56%
    20 Year 131 $15,085,000 $115,153 $810 5.83%
    5 Year 98 $3,070,000 $31,327 $0 4.56%
    Other 14 $370,000 $26,429 $0 4.63%

    For 2018, American Eagle Financial Credit Union's most frequently cited loan duration was 30 Year, with 509 originations. The 2nd most popular length was 10 Year, with 242 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,040 $146,190,000 $140,567
    $1k-2k 76 $16,910,000 $222,500
    $2k-3k 43 $10,025,000 $233,140
    $3k-4k 21 $4,405,000 $209,762
    $4k-5k 14 $3,600,000 $257,143
    $5k+ 8 $2,670,000 $333,750

    American Eagle Financial Credit Union's average total fees were $3,311, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,040 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 595 $93,465,000 $157,084
    3-4% 399 $77,715,000 $194,774
    5-6% 71 $5,365,000 $75,563
    6-7% 67 $3,055,000 $45,597
    7-8% 47 $2,865,000 $60,957
    Over 8% 22 $1,120,000 $50,909
    2.5-3% 1 $215,000 $215,000

    During 2018, American Eagle Financial Credit Union's average interest rate for loans was 4.24%, while their most frequently originated rate bucket for loans was 4-5%, with 595 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 500 $23,610,000 $47,220 $313 5.17%
    $100k-200k 358 $53,710,000 $150,028 $2,281 4.38%
    $200k-400k 284 $77,330,000 $272,289 $3,396 4.16%
    $400k-600k 54 $25,160,000 $465,926 $3,960 3.89%
    $600k-1MM 6 $3,990,000 $665,000 $4,307 4.13%

    2018 saw American Eagle Financial Credit Union place emphasis on $100,000 or less loans with 500 originations, totaling $23,610,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 324 $48,350,000 $149,228 $1,672 4.70%
    $150k-250k 254 $53,730,000 $211,535 $2,051 4.55%
    $50k-75k 251 $29,515,000 $117,590 $1,804 4.69%
    $75k-100k 226 $29,420,000 $130,177 $1,759 4.69%
    $50k or less 93 $8,235,000 $88,548 $1,571 4.52%
    $250k+ 48 $13,510,000 $281,458 $2,202 4.35%

    American Eagle Financial Credit Union lent most frequently to those with incomes in the $100k-150k range, with 324 originations. The second most popular income band? $150k-250k, with 254 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 349 $56,785,000 $162,708 $1,947 4.44%
    30-36% 221 $35,305,000 $159,751 $1,881 4.70%
    <20% 152 $24,850,000 $163,487 $1,947 4.16%
    38% 46 $6,750,000 $146,739 $1,650 4.95%
    36% 43 $5,045,000 $117,326 $1,582 4.90%
    41% 42 $6,830,000 $162,619 $1,639 5.36%
    39% 39 $6,055,000 $155,256 $1,624 4.99%
    43% 38 $6,410,000 $168,684 $1,921 4.65%
    47% 34 $4,990,000 $146,765 $1,709 4.63%
    45% 34 $3,930,000 $115,588 $1,146 4.91%
    40% 33 $4,555,000 $138,030 $1,987 5.25%
    37% 32 $4,600,000 $143,750 $1,863 4.81%
    46% 30 $3,960,000 $132,000 $1,645 4.55%
    44% 25 $3,815,000 $152,600 $2,089 4.79%
    48% 22 $2,160,000 $98,182 $1,019 4.84%
    42% 21 $2,805,000 $133,571 $1,537 4.89%
    50-60% 19 $1,405,000 $73,947 $188 5.22%
    49% 17 $2,625,000 $154,412 $2,285 4.48%
    >60% 1 $245,000 $245,000 $6,697 4.63%

    American Eagle Financial Credit Union lent most frequently to those with DTI ratios of 20-30%, with 349 originations. The next most common DTI ratio? 30-36%, with 221 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 930 $131,570,000 $141,473 $1,669 4.71%
    Not provided 108 $17,230,000 $159,537 $1,868 4.55%
    Asian 74 $17,160,000 $231,892 $2,809 4.10%
    Asian Indian 39 $10,035,000 $257,308 $2,776 3.95%
    Black 39 $5,635,000 $144,487 $1,877 4.83%
    Chinese 4 $1,010,000 $252,500 $3,392 3.69%
    Other Pacific Islander 2 $350,000 $175,000 $2,781 4.63%
    Other Asian 2 $320,000 $160,000 $2,890 4.50%
    American Indian 3 $265,000 $88,333 $1,947 5.29%
    Vietnamese 1 $225,000 $225,000 $3,608 4.00%

    Approval Rates

    Total approvals of all applications
    82.50%

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

    Pick Rate

    Approvals leading to origination
    80.78%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,202 $183,800,000 $152,912

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 1,202 $183,800,000 $152,912

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 181 $15,065,000 $83,232 $356 5.22%
    40-60% 97 $14,385,000 $148,299 $1,719 4.35%
    60-80% 271 $61,025,000 $225,185 $2,987 4.10%
    80-100% 347 $83,025,000 $239,265 $3,260 4.26%
    Under 20% 306 $10,300,000 $33,660 $17 5.27%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    American Financial Network Inc. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 2 22.2%
    American Financial Network Inc. FHA mortgage Closing on a mortgage 2 22.2%
    American Financial Network Inc. Home equity loan or line of credit (HELOC) Trouble during payment process 1 11.1%
    American Financial Network Inc. Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 11.1%
    American Financial Network Inc. VA mortgage Closing on a mortgage 1 11.1%
    American Financial Network Inc. VA mortgage Applying for a mortgage or refinancing an existing mortgage 2 22.2%