Aom Credit Union Mortgage Rates, Fees & Info

Worcester, MA

LEI: 549300XXEOY2T2W27B44

Tax ID: 04-1163260

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
  • 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

    Aom Credit Union is a smaller credit union specializing in Refi, Home Purchase, and Cash Out Refi loans. Aom Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Worcester, Boston, and Providence among others. We have data for 3 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 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

    48

    Origination Dollar Volume (All Markets)

    $7,510,000

    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
    WORCESTER, MA-CT (FHA|USDA|VA) 42 $6,350,000 $151,190 $0 0.00%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 5 $905,000 $181,000 $0 0.00%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
    Aom Credit Union's top markets include Worcester, Boston, and Providence among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 48 $7,510,000 $156,458 $0 0.00%

    For 2019, Aom Credit Union's most frequently originated type of loan was Conventional, with 48 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 14 $2,400,000 $171,429 $0 0.00%
    Home Purchase 11 $2,115,000 $192,273 $0 0.00%
    Home Improvement 10 $700,000 $70,000 $0 0.00%
    Cash Out Refi 10 $2,080,000 $208,000 $0 0.00%
    Other 3 $215,000 $71,667 $0 0.00%

    For 2019, Aom Credit Union's most frequently cited loan purpose was Refi, with 14 originations. The 2nd most popular reason was Home Purchase, with 11 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 48 $7,510,000 $156,458 $0 0.00%

    For 2019, Aom Credit Union's most frequently cited loan duration was Other, with 48 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 16 $880,000 $55,000 $0 0.00%
    $100k-200k 16 $2,370,000 $148,125 $0 0.00%
    $200k-400k 16 $4,260,000 $266,250 $0 0.00%

    2019 saw Aom Credit Union place emphasis on $100,000 or less loans with 16 originations, totaling $880,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 14 $2,980,000 $212,857 $0 0.00%
    $75k-100k 14 $1,850,000 $132,143 $0 0.00%
    $150k-250k 10 $1,800,000 $180,000 $0 0.00%
    $50k-75k 8 $800,000 $100,000 $0 0.00%
    $250k+ 1 $25,000 $25,000 $0 0.00%
    $50k or less 1 $55,000 $55,000 $0 0.00%

    Aom Credit Union lent most frequently to those with incomes in the $100k-150k range, with 14 originations. The second most popular income band? $75k-100k, with 14 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 48 $7,510,000 $156,458 $0 0.00%

    Aom Credit Union lent most frequently to those with DTI ratios of Exempt%, with 48 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 47 $7,395,000 $157,340 $0 0.00%
    Black 1 $115,000 $115,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.06%

    Aom Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.42%

    Aom Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 48 $7,510,000 $156,458

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 48 $7,510,000 $156,458