Healthcare Employees Fcu Mortgage Rates, Fees & Info
Princeton, NJLEI: 549300VW4CUMQW09U139
Tax ID: 22-2570818
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Mortgage Data
Review & Overview
Healthcare Employees Fcu is a smaller credit union specializing in Home Improvement and Refi loans. Healthcare Employees Fcu has a high proportion of conventional loans. Their top markets by origination volume include: New York, Philadelphia, Trenton, and Atlantic City among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Healthcare Employees Fcu has an above average approval rate when compared to the average across all lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 15 Year Conventional Refi | 5.68% | 12/16/24 |
| 15 Year Cash-out Refi | 5.68% | 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. | ||
Healthcare Employees Fcu Mortgage Calculator
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Originations
49Origination Dollar Volume (All Markets)
$3,355,000Top 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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 31 | $2,225,000 | $71,774 | $384 | 4.94% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 13 | $935,000 | $71,923 | $348 | 4.84% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 4 | $140,000 | $35,000 | $344 | 4.39% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $841 | 4.24% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 49 | $3,355,000 | $68,469 | $380 | 4.85% |
For 2019, Healthcare Employees Fcu's most frequently originated type of loan was Conventional, with 49 originations.
Loan Reason
For 2019, Healthcare Employees Fcu's most frequently cited loan purpose was Home Improvement, with 34 originations. The 2nd most popular reason was Refi, with 10 originations.
Loan Duration/Length
For 2019, Healthcare Employees Fcu's most frequently cited loan duration was 10 Year, with 19 originations. The 2nd most popular length was 5 Year, with 11 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 4 | $90,000 | $22,500 |
Healthcare Employees Fcu's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 4 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 29 | $1,665,000 | $57,414 |
| 5-6% | 14 | $1,130,000 | $80,714 |
| 3-4% | 4 | $260,000 | $65,000 |
| 6-7% | 2 | $300,000 | $150,000 |
During 2019, Healthcare Employees Fcu's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 29 originations.
Loan Sizing
2019 saw Healthcare Employees Fcu place emphasis on $100,000 or less loans with 38 originations, totaling $1,720,000 in origination value.
Applicant Income
Healthcare Employees Fcu lent most frequently to those with incomes in the $100k-150k range, with 17 originations. The second most popular income band? $150k-250k, with 17 originations.
Applicant Debt to Income Ratio
Healthcare Employees Fcu lent most frequently to those with DTI ratios of 20-30%, with 14 originations. The next most common DTI ratio? 30-36%, with 10 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.45%
Healthcare Employees Fcu has an average approval rate.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 49 | $3,355,000 | $68,469 |