Alden Credit Union Mortgage Rates, Fees & Info

Chicopee, MA

LEI: 549300XB72WCLQVIHN50

Tax ID: 04-1020315

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Alden Credit Union is a smaller credit union specializing in Home Purchase and Refi loans. Alden Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Springfield, Barnstable Town, Worcester, and Pittsfield among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Alden Credit Union has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.

    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.


    Originations

    78

    Origination Dollar Volume (All Markets)

    $9,730,000

    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
    SPRINGFIELD, MA (FHA|USDA|VA) 72 $7,430,000 $103,194 $0 0.00%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 2 $1,100,000 $550,000 $0 0.00%
    WORCESTER, MA-CT (FHA|USDA|VA) 1 $725,000 $725,000 $0 0.00%
    Outside of Metro Areas 2 $290,000 $145,000 $0 0.00%
    PITTSFIELD, MA (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
    Alden Credit Union's top markets include Springfield, Barnstable Town, Worcester, and Pittsfield among others.

    Their top states include:
  • Massachusetts (FHA|USDA|VA)
  • Connecticut (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 78 $9,730,000 $124,744 $0 0.00%

    For 2024, Alden Credit Union's most frequently originated type of loan was Conventional, with 78 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 28 $1,590,000 $56,786 $0 0.00%
    Home Purchase 19 $5,035,000 $265,000 $0 0.00%
    Other 16 $710,000 $44,375 $0 0.00%
    Refi 15 $2,395,000 $159,667 $0 0.00%

    For 2024, Alden Credit Union's most frequently cited loan purpose was Home Improvement, with 28 originations. The 2nd most popular reason was Home Purchase, with 19 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 78 $9,730,000 $124,744 $0 0.00%

    For 2024, Alden Credit Union's most frequently cited loan duration was Other, with 78 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 47 $2,175,000 $46,277 $0 0.00%
    $100k-200k 15 $2,195,000 $146,333 $0 0.00%
    $200k-400k 13 $3,535,000 $271,923 $0 0.00%
    $400k-600k 2 $1,100,000 $550,000 $0 0.00%
    $600k-1MM 1 $725,000 $725,000 $0 0.00%

    2024 saw Alden Credit Union place emphasis on $100,000 or less loans with 47 originations, totaling $2,175,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 22 $3,000,000 $136,364 $0 0.00%
    $50k-75k 19 $1,815,000 $95,526 $0 0.00%
    $100k-150k 15 $1,635,000 $109,000 $0 0.00%
    $75k-100k 12 $1,540,000 $128,333 $0 0.00%
    $50k or less 7 $425,000 $60,714 $0 0.00%
    $250k+ 3 $1,315,000 $438,333 $0 0.00%

    Alden Credit Union lent most frequently to those with incomes in the $150k-250k range, with 22 originations. The second most popular income band? $50k-75k, with 19 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 78 $9,730,000 $124,744 $0 0.00%

    Alden Credit Union lent most frequently to those with DTI ratios of Exempt%, with 78 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 66 $7,990,000 $121,061 $0 0.00%
    Not provided 10 $1,650,000 $165,000 $0 0.00%
    Black 2 $90,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    78.38%

    Alden Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    91.03%

    Alden Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 78 $9,730,000 $124,744

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    78 $9,730,000 $124,744