Alden Credit Union Mortgage Rates, Fees & Info
Chicopee, MALEI: 549300XB72WCLQVIHN50
Tax ID: 04-1020315
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
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, Hartford, Boston, Worcester, and Barnstable Town among others. We have data for 6 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.
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Originations
186Origination Dollar Volume (All Markets)
$35,980,000Top 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 |
|---|---|---|---|---|---|
| SPRINGFIELD, MA (FHA|USDA|VA) | 178 | $33,910,000 | $190,506 | $0 | 0.00% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $0 | 0.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 0.00% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $375,000 | $375,000 | $0 | 0.00% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 186 | $35,980,000 | $193,441 | $0 | 0.00% |
For 2021, Alden Credit Union's most frequently originated type of loan was Conventional, with 186 originations.
Loan Reason
For 2021, Alden Credit Union's most frequently cited loan purpose was Refi, with 124 originations. The 2nd most popular reason was Home Purchase, with 43 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 186 | $35,980,000 | $193,441 | $0 | 0.00% |
For 2021, Alden Credit Union's most frequently cited loan duration was Other, with 186 originations.
Loan Sizing
2021 saw Alden Credit Union place emphasis on $100k-200k loans with 74 originations, totaling $11,570,000 in origination value.
Applicant Income
Alden Credit Union lent most frequently to those with incomes in the $100k-150k range, with 49 originations. The second most popular income band? $50k-75k, with 41 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 186 | $35,980,000 | $193,441 | $0 | 0.00% |
Alden Credit Union lent most frequently to those with DTI ratios of Exempt%, with 186 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.26%
Alden Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination88.17%
Alden Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 186 | $35,980,000 | $193,441 |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| ALLIED MORTGAGE GROUP | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 20.0% |
| ALLIED MORTGAGE GROUP | Conventional home mortgage | Trouble during payment process | 2 | 40.0% |
| ALLIED MORTGAGE GROUP | FHA mortgage | Trouble during payment process | 2 | 40.0% |