Alden Credit Union Mortgage Rates, Fees & Info

Chicopee, MA

LEI: 549300XB72WCLQVIHN50

Tax ID: 04-1020315

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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 Refi and Home Purchase loans. Alden Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Springfield, Boston, Barnstable Town, and Hartford among others. We have data for 4 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 a below 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.

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    Originations

    101

    Origination Dollar Volume (All Markets)

    $15,095,000

    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) 98 $13,510,000 $137,857 $0 0.00%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $1,255,000 $1,255,000 $0 0.00%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
    Alden Credit Union's top markets include Springfield, Boston, Barnstable Town, and Hartford 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 101 $15,095,000 $149,455 $0 0.00%

    For 2018, Alden Credit Union's most frequently originated type of loan was Conventional, with 101 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 44 $7,230,000 $164,318 $0 0.00%
    Home Purchase 37 $6,655,000 $179,865 $0 0.00%
    Home Improvement 11 $575,000 $52,273 $0 0.00%
    Other 9 $635,000 $70,556 $0 0.00%

    For 2018, Alden Credit Union's most frequently cited loan purpose was Refi, with 44 originations. The 2nd most popular reason was Home Purchase, with 37 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 101 $15,095,000 $149,455 $0 0.00%

    For 2018, Alden Credit Union's most frequently cited loan duration was Other, with 101 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 41 $6,345,000 $154,756 $0 0.00%
    $100,000 or less 36 $1,790,000 $49,722 $0 0.00%
    $200k-400k 22 $5,300,000 $240,909 $0 0.00%
    $1MM+ 1 $1,255,000 $1,255,000 $0 0.00%
    $400k-600k 1 $405,000 $405,000 $0 0.00%

    2018 saw Alden Credit Union place emphasis on $100k-200k loans with 41 originations, totaling $6,345,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 26 $3,300,000 $126,923 $0 0.00%
    $100k-150k 21 $3,705,000 $176,429 $0 0.00%
    $50k or less 20 $1,600,000 $80,000 $0 0.00%
    $75k-100k 16 $1,980,000 $123,750 $0 0.00%
    $150k-250k 11 $1,865,000 $169,545 $0 0.00%
    $250k+ 6 $2,400,000 $400,000 $0 0.00%

    Alden Credit Union lent most frequently to those with incomes in the $50k-75k range, with 26 originations. The second most popular income band? $100k-150k, with 21 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 101 $15,095,000 $149,455 $0 0.00%

    Alden Credit Union lent most frequently to those with DTI ratios of Exempt%, with 101 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 95 $14,295,000 $150,474 $0 0.00%
    Black 5 $785,000 $157,000 $0 0.00%
    Not provided 1 $15,000 $15,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    85.71%

    Alden Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.20%

    Alden Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 101 $15,095,000 $149,455

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $440,000 $220,000
    Single Family (1-4 Units):Manufactured 1 $205,000 $205,000
    Single Family (1-4 Units):Site-Built 98 $14,450,000 $147,449

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    ALLIED MORTGAGE GROUP FHA mortgage Closing on a mortgage 1 100.0%