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 Refi, Cash Out Refi, and 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, Bridgeport, and Worcester 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% 4/18/24
    30 Year Conventional Purchase 6.01% 4/18/24
    30 Year Conventional Refi 5.85% 4/18/24
    30 Year Cash-out Refi 5.98% 4/18/24
    30 Year FHA Purchase 7.02% 4/18/24
    15 Year Conventional Purchase 5.82% 4/18/24
    15 Year Conventional Refi 6.38% 4/18/24
    15 Year Cash-out Refi 6.38% 4/18/24
    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

    1,715

    Origination Dollar Volume (All Markets)

    $322,055,000

    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

    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) 1,447 $266,025,000 $183,846 $2,586 3.10%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 107 $20,255,000 $189,299 $2,702 3.20%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 64 $12,860,000 $200,938 $2,536 3.02%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 17 $7,255,000 $426,765 $4,261 3.20%
    WORCESTER, MA-CT (FHA|USDA|VA) 26 $5,060,000 $194,615 $2,539 3.02%
    SPRINGFIELD, MA (FHA|USDA|VA) 26 $4,730,000 $181,923 $2,659 2.84%
    Torrington, CT (FHA|USDA|VA) 19 $2,645,000 $139,211 $1,559 3.22%
    Vineyard Haven, MA (FHA|USDA|VA) 2 $1,430,000 $715,000 $6,054 2.81%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 5 $1,085,000 $217,000 $3,951 2.95%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 2 $710,000 $355,000 $3,971 2.94%
    American Eagle Financial Credit Union's top markets include Hartford, New Haven, Norwich, Bridgeport, and Worcester 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.

    SCIENT Federal Credit Union
    Similarity Rank: 286
    POLISH NATIONAL
    Similarity Rank: 376
    Sanborn Mortgage Corporation
    Similarity Rank: 435
    CorePlus Federal Credit Union
    Similarity Rank: 520
    BNB Bank
    Similarity Rank: 590
    Ridgewood Savings Bank
    Similarity Rank: 591
    PeoplesBank
    Similarity Rank: 900
    Eastern Bank
    Similarity Rank: 900
    SIKORSKY FINANCIAL
    Similarity Rank: 906
    The Torrington Savings Bank
    Similarity Rank: 930

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,715 $322,055,000 $187,787 $2,607 3.10%

    For 2021, American Eagle Financial Credit Union's most frequently originated type of loan was Conventional, with 1,715 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 684 $127,450,000 $186,330 $2,362 2.94%
    Cash Out Refi 395 $92,945,000 $235,304 $4,025 2.66%
    Home Purchase 301 $80,795,000 $268,422 $4,190 2.90%
    Home Improvement 201 $11,035,000 $54,900 $2 4.20%
    Other 134 $9,830,000 $73,358 $214 4.00%

    For 2021, American Eagle Financial Credit Union's most frequently cited loan purpose was Refi, with 684 originations. The 2nd most popular reason was Cash Out Refi, with 395 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 620 $164,910,000 $265,984 $4,218 2.89%
    15 Year 537 $83,335,000 $155,186 $1,938 3.04%
    20 Year 315 $55,845,000 $177,286 $2,212 3.37%
    5 Year 108 $5,040,000 $46,667 $0 3.34%
    10 Year 102 $9,040,000 $88,627 $906 3.59%
    Other 31 $3,845,000 $124,032 $1,395 3.27%
    3 Year 2 $40,000 $20,000 $0 2.88%

    For 2021, American Eagle Financial Credit Union's most frequently cited loan duration was 30 Year, with 620 originations. The 2nd most popular length was 15 Year, with 537 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,039 $154,635,000 $148,831
    $1k-2k 261 $52,355,000 $200,594
    $2k-3k 223 $59,095,000 $265,000
    $3k-4k 90 $25,230,000 $280,333
    $5k+ 41 $16,165,000 $394,268
    $4k-5k 36 $10,710,000 $297,500

    American Eagle Financial Credit Union's average total fees were $4,218, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,039 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 834 $194,110,000 $232,746
    <2.5% 412 $87,650,000 $212,743
    3-4% 323 $30,935,000 $95,774
    4-5% 71 $4,425,000 $62,324
    5-6% 34 $2,370,000 $69,706
    6-7% 30 $1,920,000 $64,000
    7-8% 8 $580,000 $72,500
    Over 8% 3 $65,000 $21,667

    During 2021, American Eagle Financial Credit Union's average interest rate for loans was 2.89%, while their most frequently originated rate bucket for loans was 2.5-3%, with 834 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 585 $157,165,000 $268,658 $3,904 2.73%
    $100k-200k 562 $86,250,000 $153,470 $2,665 2.92%
    $100,000 or less 468 $23,700,000 $50,641 $236 3.84%
    $400k-600k 76 $36,400,000 $478,947 $5,434 2.76%
    $600k-1MM 23 $17,455,000 $758,913 $6,498 2.82%
    $1MM+ 1 $1,085,000 $1,085,000 $8,988 2.88%

    2021 saw American Eagle Financial Credit Union place emphasis on $200k-400k loans with 585 originations, totaling $157,165,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 500 $94,680,000 $189,360 $2,724 3.11%
    $150k-250k 380 $85,090,000 $223,921 $2,757 3.11%
    $75k-100k 339 $54,055,000 $159,454 $2,506 3.10%
    $50k-75k 274 $36,730,000 $134,051 $2,265 3.07%
    $250k+ 108 $39,740,000 $367,963 $3,734 3.03%
    $50k or less 99 $8,935,000 $90,253 $1,575 3.20%

    American Eagle Financial Credit Union lent most frequently to those with incomes in the $100k-150k range, with 500 originations. The second most popular income band? $150k-250k, with 380 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 555 $115,975,000 $208,964 $2,991 2.93%
    30-36% 297 $54,445,000 $183,316 $2,547 3.16%
    <20% 253 $47,815,000 $188,992 $2,532 2.82%
    50-60% 61 $6,055,000 $99,262 $479 3.67%
    42% 55 $9,465,000 $172,091 $2,409 3.53%
    36% 53 $9,155,000 $172,736 $2,611 3.17%
    40% 49 $9,025,000 $184,184 $2,237 3.51%
    39% 46 $7,810,000 $169,783 $2,735 3.47%
    38% 45 $7,805,000 $173,444 $2,276 3.56%
    43% 44 $7,650,000 $173,864 $3,266 3.16%
    48% 39 $7,875,000 $201,923 $2,451 3.16%
    37% 36 $6,190,000 $171,944 $2,158 3.06%
    45% 34 $5,330,000 $156,765 $2,018 3.36%
    41% 34 $6,840,000 $201,176 $2,499 3.21%
    44% 32 $5,270,000 $164,688 $2,056 3.16%
    47% 30 $5,500,000 $183,333 $2,902 3.16%
    49% 29 $6,065,000 $209,138 $3,312 3.17%
    46% 21 $3,535,000 $168,333 $2,769 3.30%
    >60% 2 $250,000 $125,000 $0 3.13%

    American Eagle Financial Credit Union lent most frequently to those with DTI ratios of 20-30%, with 555 originations. The next most common DTI ratio? 30-36%, with 297 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,334 $247,560,000 $185,577 $2,491 3.11%
    Not provided 199 $40,485,000 $203,442 $3,000 3.03%
    Black 101 $16,695,000 $165,297 $3,207 3.18%
    Asian 57 $12,645,000 $221,842 $2,997 2.97%
    Asian Indian 8 $2,120,000 $265,000 $3,888 2.80%
    American Indian 10 $1,460,000 $146,000 $2,151 3.29%
    Other Asian 3 $525,000 $175,000 $2,221 4.25%
    Native Hawaiian or Islander 2 $370,000 $185,000 $1,251 3.25%
    Chinese 1 $195,000 $195,000 $2,283 2.50%

    Approval Rates

    Total approvals of all applications
    85.62%

    American Eagle Financial Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    71.90%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,715 $322,055,000 $187,787

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,715 $322,055,000 $187,787

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 173 $16,535,000 $95,578 $526 3.71%
    40-60% 262 $48,630,000 $185,611 $2,456 2.76%
    60-80% 701 $173,175,000 $247,040 $3,690 2.75%
    80-100% 261 $70,565,000 $270,364 $4,473 2.87%
    Under 20% 318 $13,150,000 $41,352 $3 4.01%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    AMERICA FIRST FEDERAL CREDIT UNION Home equity loan or line of credit (HELOC) Incorrect information on your report 1 33.3%
    AMERICA FIRST FEDERAL CREDIT UNION Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 33.3%
    AMERICA FIRST FEDERAL CREDIT UNION Other type of mortgage Struggling to pay mortgage 1 33.3%