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 loans. Healthcare Employees Fcu has a high proportion of conventional loans. Their top markets by origination volume include: New York, Philadelphia, Allentown, Atlantic City, and Trenton among others. We have data for 5 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
39Origination Dollar Volume (All Markets)
$2,595,000Top 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) | 22 | $1,730,000 | $78,636 | $337 | 4.46% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 14 | $750,000 | $53,571 | $359 | 4.53% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $390 | 4.49% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $829 | 4.99% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $298 | 3.24% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 39 | $2,595,000 | $66,538 | $358 | 4.46% |
For 2022, Healthcare Employees Fcu's most frequently originated type of loan was Conventional, with 39 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Improvement | 31 | $2,105,000 | $67,903 | $355 | 4.43% |
| Refi | 6 | $360,000 | $60,000 | $363 | 4.45% |
| Home Purchase | 2 | $130,000 | $65,000 | $390 | 5.12% |
For 2022, Healthcare Employees Fcu's most frequently cited loan purpose was Home Improvement, with 31 originations. The 2nd most popular reason was Refi, with 6 originations.
Loan Duration/Length
For 2022, Healthcare Employees Fcu's most frequently cited loan duration was Other, with 12 originations. The 2nd most popular length was 10 Year, with 10 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 19 | $1,255,000 | $66,053 |
| 3-4% | 12 | $600,000 | $50,000 |
| 5-6% | 8 | $740,000 | $92,500 |
During 2022, 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 19 originations.
Loan Sizing
2022 saw Healthcare Employees Fcu place emphasis on $100,000 or less loans with 31 originations, totaling $1,555,000 in origination value.
Applicant Income
Healthcare Employees Fcu lent most frequently to those with incomes in the $150k-250k range, with 15 originations. The second most popular income band? $100k-150k, with 14 originations.
Applicant Debt to Income Ratio
Healthcare Employees Fcu lent most frequently to those with DTI ratios of 20-30%, with 10 originations. The next most common DTI ratio? 30-36%, with 8 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
Healthcare Employees Fcu has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 39 | $2,595,000 | $66,538 |