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

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  • 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 Refi, Home Purchase, and Cash Out Refi 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, Bridgeport, 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.

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    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

    1,866

    Origination Dollar Volume (All Markets)

    $338,110,000

    Awards

    AMERICAN EAGLE FINANCIAL CREDIT UNION 30 Year Conventional Loans bronze
    Show all (1) 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) 1,601 $281,985,000 $176,131 $2,388 3.44%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 131 $24,675,000 $188,359 $2,408 3.57%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 49 $9,735,000 $198,673 $2,415 3.45%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 15 $7,315,000 $487,667 $3,679 3.63%
    SPRINGFIELD, MA (FHA|USDA|VA) 19 $4,395,000 $231,316 $3,066 3.74%
    Torrington, CT (FHA|USDA|VA) 22 $3,570,000 $162,273 $2,116 3.70%
    WORCESTER, MA-CT (FHA|USDA|VA) 21 $2,945,000 $140,238 $1,964 3.88%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 5 $2,075,000 $415,000 $3,145 3.13%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 2 $750,000 $375,000 $4,559 3.31%
    PITTSFIELD, MA (FHA|USDA|VA) 1 $665,000 $665,000 $4,355 3.00%
    American Eagle Financial Credit Union's top markets include Hartford, New Haven, Norwich, Bridgeport, 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.

    Centreville Bank
    Similarity Rank: 112
    CorePlus Federal Credit Union
    Similarity Rank: 250
    Stafford Savings Bank
    Similarity Rank: 266
    WESTERLY COMMUNITY
    Similarity Rank: 345
    Collinsville Bank
    Similarity Rank: 490
    U S WIDE FINANCIAL LLC
    Similarity Rank: 608
    Eastern Bank
    Similarity Rank: 684
    The Washington Trust Company, of Westerly
    Similarity Rank: 704
    SILVERMINE VENTURES LLC
    Similarity Rank: 750
    Ridgewood Savings Bank
    Similarity Rank: 756

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,862 $337,240,000 $181,117 $2,395 3.46%
    FHA 4 $870,000 $217,500 $6,958 3.25%

    For 2020, American Eagle Financial Credit Union's most frequently originated type of loan was Conventional, with 1,862 originations. Their 2nd most popular type was FHA, with 4 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 795 $147,405,000 $185,415 $2,092 3.29%
    Home Purchase 383 $96,305,000 $251,449 $4,127 3.24%
    Cash Out Refi 344 $78,230,000 $227,413 $3,640 3.01%
    Home Improvement 193 $8,545,000 $44,275 $2 4.66%
    Other 151 $7,625,000 $50,497 $130 4.45%

    For 2020, American Eagle Financial Credit Union's most frequently cited loan purpose was Refi, with 795 originations. The 2nd most popular reason was Home Purchase, with 383 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 668 $173,710,000 $260,045 $3,934 3.22%
    15 Year 555 $95,805,000 $172,622 $2,239 3.24%
    20 Year 281 $46,735,000 $166,317 $1,946 3.86%
    10 Year 223 $14,715,000 $65,987 $302 4.06%
    5 Year 119 $4,445,000 $37,353 $0 3.83%
    Other 19 $2,665,000 $140,263 $1,421 3.45%
    3 Year 1 $35,000 $35,000 $0 4.75%

    For 2020, American Eagle Financial Credit Union's most frequently cited loan duration was 30 Year, with 668 originations. The 2nd most popular length was 15 Year, with 555 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,245 $187,245,000 $150,398
    $1k-2k 322 $70,120,000 $217,764
    $2k-3k 158 $42,890,000 $271,456
    $3k-4k 53 $14,855,000 $280,283
    $5k+ 30 $9,740,000 $324,667
    $4k-5k 29 $8,675,000 $299,138

    American Eagle Financial Credit Union's average total fees were $3,934, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,245 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 830 $141,320,000 $170,265
    2.5-3% 762 $175,330,000 $230,092
    4-5% 139 $9,335,000 $67,158
    6-7% 46 $2,350,000 $51,087
    5-6% 40 $2,540,000 $63,500
    <2.5% 28 $6,070,000 $216,786
    7-8% 18 $1,110,000 $61,667
    Over 8% 3 $55,000 $18,333

    During 2020, American Eagle Financial Credit Union's average interest rate for loans was 3.22%, while their most frequently originated rate bucket for loans was 3-4%, with 830 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 614 $166,770,000 $271,612 $3,625 3.08%
    $100k-200k 608 $92,770,000 $152,582 $2,663 3.19%
    $100,000 or less 549 $26,085,000 $47,514 $312 4.26%
    $400k-600k 76 $36,880,000 $485,263 $4,826 3.07%
    $600k-1MM 16 $11,730,000 $733,125 $4,931 3.06%
    $1MM+ 3 $3,875,000 $1,291,667 $8,642 3.08%

    2020 saw American Eagle Financial Credit Union place emphasis on $200k-400k loans with 614 originations, totaling $166,770,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 520 $93,940,000 $180,654 $2,392 3.52%
    $150k-250k 425 $96,875,000 $227,941 $2,677 3.41%
    $75k-100k 352 $54,150,000 $153,835 $2,398 3.40%
    $50k-75k 316 $38,560,000 $122,025 $2,104 3.51%
    $50k or less 122 $10,820,000 $88,689 $1,617 3.58%
    $250k+ 110 $40,320,000 $366,545 $3,300 3.31%

    American Eagle Financial Credit Union lent most frequently to those with incomes in the $100k-150k range, with 520 originations. The second most popular income band? $150k-250k, with 425 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 526 $104,720,000 $199,087 $2,662 3.30%
    30-36% 353 $59,985,000 $169,929 $2,316 3.42%
    <20% 256 $50,040,000 $195,469 $2,540 3.13%
    36% 69 $12,155,000 $176,159 $2,467 3.60%
    41% 60 $10,420,000 $173,667 $2,369 3.70%
    38% 60 $9,300,000 $155,000 $1,915 3.87%
    42% 56 $9,720,000 $173,571 $2,410 3.47%
    39% 56 $10,630,000 $189,821 $2,422 3.87%
    43% 55 $9,625,000 $175,000 $2,284 3.87%
    40% 54 $9,720,000 $180,000 $2,760 3.59%
    50-60% 52 $3,600,000 $69,231 $169 4.41%
    37% 48 $9,920,000 $206,667 $2,771 3.37%
    46% 46 $7,720,000 $167,826 $2,344 3.46%
    45% 43 $8,555,000 $198,953 $2,432 3.53%
    44% 40 $6,660,000 $166,500 $2,497 3.86%
    48% 31 $5,335,000 $172,097 $2,062 3.57%
    49% 31 $5,205,000 $167,903 $1,930 3.70%
    47% 30 $4,800,000 $160,000 $2,381 3.81%

    American Eagle Financial Credit Union lent most frequently to those with DTI ratios of 20-30%, with 526 originations. The next most common DTI ratio? 30-36%, with 353 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,467 $257,565,000 $175,573 $2,276 3.49%
    Not provided 202 $40,720,000 $201,584 $2,609 3.44%
    Asian 70 $15,530,000 $221,857 $3,389 3.26%
    Black 75 $13,185,000 $175,800 $3,177 3.43%
    Asian Indian 23 $6,455,000 $280,652 $3,633 3.14%
    American Indian 13 $1,885,000 $145,000 $2,458 3.19%
    Other Asian 5 $845,000 $169,000 $2,678 2.88%
    Filipino 2 $690,000 $345,000 $5,376 3.06%
    Chinese 3 $585,000 $195,000 $2,092 3.21%
    Korean 2 $320,000 $160,000 $1,232 3.25%
    Vietnamese 3 $315,000 $105,000 $765 3.29%
    Native Hawaiian or Islander 1 $15,000 $15,000 $0 6.75%

    Approval Rates

    Total approvals of all applications
    87.22%

    American Eagle Financial Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    68.27%

    American Eagle Financial Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,866 $338,110,000 $181,195

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 1,866 $338,110,000 $181,195

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 209 $17,435,000 $83,421 $473 4.17%
    40-60% 232 $37,990,000 $163,750 $2,099 3.14%
    60-80% 667 $157,195,000 $235,675 $3,282 3.04%
    80-100% 424 $113,670,000 $268,090 $4,060 3.18%
    Under 20% 334 $11,820,000 $35,389 $36 4.44%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    AMERICA FIRST FEDERAL CREDIT UNION Conventional home mortgage Closing on a mortgage 1 33.3%
    AMERICA FIRST FEDERAL CREDIT UNION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 66.7%