Aom Credit Union Mortgage Rates, Fees & Info
Worcester, MALEI: 549300XXEOY2T2W27B44
Tax ID: 04-1163260
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Aom Credit Union is a smaller credit union specializing in Home Improvement and Home Purchase loans. Aom Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Worcester, Hartford, Providence, and Barnstable Town among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Aom Credit Union has an average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
20Origination Dollar Volume (All Markets)
$1,870,000Top 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 |
|---|---|---|---|---|---|
| WORCESTER, MA-CT (FHA|USDA|VA) | 17 | $1,675,000 | $98,529 | $0 | 0.00% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 20 | $1,870,000 | $93,500 | $0 | 0.00% |
For 2023, Aom Credit Union's most frequently originated type of loan was Conventional, with 20 originations.
Loan Reason
For 2023, Aom Credit Union's most frequently cited loan purpose was Home Improvement, with 9 originations. The 2nd most popular reason was Other, with 5 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 20 | $1,870,000 | $93,500 | $0 | 0.00% |
For 2023, Aom Credit Union's most frequently cited loan duration was Other, with 20 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 15 | $805,000 | $53,667 | $0 | 0.00% |
| $200k-400k | 4 | $940,000 | $235,000 | $0 | 0.00% |
| $100k-200k | 1 | $125,000 | $125,000 | $0 | 0.00% |
2023 saw Aom Credit Union place emphasis on $100,000 or less loans with 15 originations, totaling $805,000 in origination value.
Applicant Income
Aom Credit Union lent most frequently to those with incomes in the $75k-100k range, with 8 originations. The second most popular income band? $100k-150k, with 7 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 20 | $1,870,000 | $93,500 | $0 | 0.00% |
Aom Credit Union lent most frequently to those with DTI ratios of Exempt%, with 20 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 17 | $1,615,000 | $95,000 | $0 | 0.00% |
| Not provided | 3 | $255,000 | $85,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications88.46%
Aom Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination95.00%
Aom Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 20 | $1,870,000 | $93,500 |