Align Credit Union Mortgage Rates, Fees & Info

Lowell, MA

LEI: 549300XYJEJCSZHWWM52

Tax ID: 04-1680140

5 stars - Updated: 4/5/25 - out of 5 stars, based on 17 reviews

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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

    Align Credit Union is a smaller credit union specializing in Home Improvement and Refi loans. Align Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Manchester, Worcester, Providence, and Barnstable Town among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Align 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. Align Credit Union is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 5.85% 4/5/25
    30 Year Conventional Purchase 6.40% 4/5/25
    30 Year Conventional Refi 6.09% 4/5/25
    30 Year Cash-out Refi 6.77% 4/5/25
    15 Year Conventional Refi 5.85% 4/5/25
    15 Year Cash-out Refi 5.85% 4/5/25
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Align Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Align Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    289

    Origination Dollar Volume (All Markets)

    $47,545,000

    Awards

    ALIGN CREDIT UNION 30 Year Conventional Loans gold ALIGN CREDIT UNION 30 Year Conventional Loans silver ALIGN CREDIT UNION 30 Year Conventional Loans bronze ALIGN CREDIT UNION 30 Year Conventional Loans silver
    Show all (4) awards

    Relative Rate

    Align Credit Union's average 30 year fixed mortgage rate was 6.33%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of -0.23%.

    Relative Fees (Closing Costs)

    Align Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $3,253.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $8,356.

    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
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 259 $41,985,000 $162,104 $753 5.65%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 13 $3,005,000 $231,154 $1,078 6.06%
    WORCESTER, MA-CT (FHA|USDA|VA) 9 $1,305,000 $145,000 $0 5.07%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 2 $320,000 $160,000 $0 4.99%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $255,000 $255,000 $0 4.99%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $255,000 $255,000 $0 5.99%
    Lebanon, NH-VT (FHA|USDA|VA) 1 $235,000 $235,000 $2,660 5.75%
    SPRINGFIELD, MA (FHA|USDA|VA) 1 $65,000 $65,000 $0 4.99%
    Laconia, NH (FHA|USDA|VA) 1 $65,000 $65,000 $0 6.99%
    Outside of Metro Areas 1 $55,000 $55,000 $0 4.99%
    Align Credit Union's top markets include Boston, Manchester, Worcester, Providence, and Barnstable Town among others.

    Their top states include:
  • Massachusetts (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)
  • Maine (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against ALIGN CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Piscataqua Savings Bank
    Similarity Rank: 100
    St. Mary's Credit Union
    Similarity Rank: 220
    ROCKLAND
    Similarity Rank: 240
    Sharon & Crescent United Credit Union
    Similarity Rank: 245
    UniBank for Savings
    Similarity Rank: 300
    Middlesex Savings Bank
    Similarity Rank: 320
    COMMUNITY CREDIT UNION OF LYNN
    Similarity Rank: 357
    St. Anne's Credit Union of Fall River, Mass.
    Similarity Rank: 364
    Workers Credit Union
    Similarity Rank: 390
    MERRIMACK VALLEY
    Similarity Rank: 407

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 216 $31,770,000 $147,083 n/a 5.15%
    Conventional 73 $15,775,000 $216,096 $785 7.10%

    For 2024, Align Credit Union's most frequently originated type of loan was HELOC, with 216 originations. Their 2nd most popular type was Conventional, with 73 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 142 $17,370,000 $122,324 $0 5.65%
    Refi 87 $13,815,000 $158,793 $377 5.43%
    Other 34 $4,590,000 $135,000 $448 5.66%
    Home Purchase 17 $6,115,000 $359,706 $3,518 5.95%
    Cash Out Refi 9 $5,655,000 $628,333 $3,040 7.00%

    For 2024, Align Credit Union's most frequently cited loan purpose was Home Improvement, with 142 originations. The 2nd most popular reason was Refi, with 87 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 239 $33,945,000 $142,029 $139 5.39%
    10 Year 23 $6,785,000 $295,000 $28 7.05%
    30 Year 15 $5,675,000 $378,333 $3,253 6.33%
    15 Year 6 $640,000 $106,667 $0 7.38%
    5 Year 5 $355,000 $71,000 $0 6.43%
    Other 1 $145,000 $145,000 $0 9.50%

    For 2024, Align Credit Union's most frequently cited loan duration was 20 Year, with 239 originations. The 2nd most popular length was 10 Year, with 23 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 67 $10,505,000 $156,791

    Align Credit Union's average total fees were $3,253, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 67 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 162 $23,550,000 $145,370
    6-7% 41 $12,695,000 $309,634
    7-8% 40 $3,970,000 $99,250
    5-6% 28 $4,530,000 $161,786
    3-4% 17 $2,655,000 $156,176
    Over 8% 1 $145,000 $145,000

    During 2024, Align Credit Union's average interest rate for loans was 6.33%, while their most frequently originated rate bucket for loans was 4-5%, with 162 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 99 $5,665,000 $57,222 $15 5.85%
    $200k-400k 90 $22,080,000 $245,333 $2,604 5.29%
    $100k-200k 89 $11,725,000 $131,742 $386 5.65%
    $400k-600k 7 $3,655,000 $522,143 $3,480 6.64%
    $600k-1MM 3 $2,415,000 $805,000 $4,459 6.54%
    $1MM+ 1 $2,005,000 $2,005,000 $0 6.75%

    2024 saw Align Credit Union place emphasis on $100,000 or less loans with 99 originations, totaling $5,665,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 95 $17,405,000 $183,211 $1,078 5.56%
    $100k-150k 76 $10,890,000 $143,289 $1,039 5.49%
    $75k-100k 41 $3,715,000 $90,610 $242 5.87%
    $250k+ 40 $8,080,000 $202,000 $1,115 5.40%
    $50k-75k 25 $1,575,000 $63,000 $0 5.89%
    $50k or less 5 $795,000 $159,000 $1,001 6.67%

    Align Credit Union lent most frequently to those with incomes in the $150k-250k range, with 95 originations. The second most popular income band? $100k-150k, with 76 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 45 $6,085,000 $135,222 $1,336 5.38%
    30-36% 40 $7,230,000 $180,750 $1,521 5.47%
    44% 30 $5,140,000 $171,333 $332 5.64%
    50-60% 21 $2,155,000 $102,619 $0 5.90%
    41% 17 $2,245,000 $132,059 $667 5.66%
    39% 17 $3,155,000 $185,588 $784 5.84%
    43% 16 $2,320,000 $145,000 $705 5.72%
    38% 11 $1,575,000 $143,182 $0 4.90%
    42% 10 $1,590,000 $159,000 $0 5.65%
    49% 10 $1,600,000 $160,000 $0 5.74%
    40% 9 $1,375,000 $152,778 $1,551 5.52%
    37% 9 $1,735,000 $192,778 $2,142 5.49%
    36% 9 $1,245,000 $138,333 $0 5.32%
    48% 8 $1,320,000 $165,000 $1,170 5.71%
    47% 8 $940,000 $117,500 $0 6.26%
    45% 8 $1,160,000 $145,000 $801 6.34%
    46% 8 $870,000 $108,750 $0 5.90%
    <20% 6 $390,000 $65,000 $0 5.16%

    Align Credit Union lent most frequently to those with DTI ratios of 20-30%, with 45 originations. The next most common DTI ratio? 30-36%, with 40 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 234 $35,230,000 $150,556 $848 5.62%
    Not provided 33 $5,165,000 $156,515 $517 5.47%
    Not applicable 5 $4,165,000 $833,000 $0 7.35%
    Asian 7 $1,345,000 $192,143 $0 5.67%
    Black 5 $615,000 $123,000 $667 6.77%
    American Indian 3 $515,000 $171,667 $0 5.29%
    Other Asian 1 $255,000 $255,000 $0 4.99%
    Korean 1 $255,000 $255,000 $0 4.99%

    Approval Rates

    Total approvals of all applications
    71.66%

    Align Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    77.85%

    Align Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 289 $47,545,000 $164,516

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    289 $47,545,000 $164,516

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 102 $19,270,000 $188,922 $551 5.43%
    40-60% 13 $3,775,000 $290,385 $3,382 5.56%
    60-80% 10 $6,230,000 $623,000 $3,263 6.24%
    80-100% 6 $3,280,000 $546,667 $3,770 6.69%
    Under 20% 158 $14,990,000 $94,873 $12 5.72%