St. Mary's Credit Union Mortgage Rates, Fees & Info

Marlborough, MA

LEI: 549300Y7VXZSDR0D6I81

Tax ID: 04-1802000

5 stars - Updated: 4/5/25 - out of 5 stars, based on 15 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

    St. Mary's Credit Union is a smaller credit union specializing in Home Purchase loans. St. Mary's Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Worcester, Boston, Barnstable Town, Pittsfield, and Springfield among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    St. Mary's 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. St. Mary's 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
    30 Year Conventional Purchase 6.54% 4/5/25
    30 Year Conventional Refi 6.59% 4/5/25
    30 Year Cash-out Refi 6.68% 4/5/25
    15 Year Conventional Purchase 6.00% 4/5/25
    15 Year Conventional Refi 5.92% 4/5/25
    15 Year Cash-out Refi 5.92% 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.

    St. Mary's Credit Union Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from St. Mary's 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

    226

    Origination Dollar Volume (All Markets)

    $46,120,000
    Show all (6) awards

    Relative Rate

    St. Mary's Credit Union's average 30 year fixed mortgage rate was 6.38%.

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

    This yields a difference of -0.17%.

    Relative Fees (Closing Costs)

    St. Mary's Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $3,699.

    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
    WORCESTER, MA-CT (FHA|USDA|VA) 121 $24,615,000 $203,430 $1,231 6.66%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 100 $20,070,000 $200,700 $1,184 6.67%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 3 $745,000 $248,333 $1,307 6.46%
    PITTSFIELD, MA (FHA|USDA|VA) 1 $505,000 $505,000 $8,702 5.88%
    SPRINGFIELD, MA (FHA|USDA|VA) 1 $185,000 $185,000 $2,699 6.00%
    St. Mary's Credit Union's top markets include Worcester, Boston, Barnstable Town, Pittsfield, and Springfield among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against St. Mary's 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
    Sharon & Crescent United Credit Union
    Similarity Rank: 245
    CENTRAL ONE FEDERAL CREDIT UNION
    Similarity Rank: 299
    ROCKLAND
    Similarity Rank: 305
    St. Mary's Credit Union
    Similarity Rank: 355
    COMMUNITY CREDIT UNION OF LYNN
    Similarity Rank: 357
    UniBank for Savings
    Similarity Rank: 360
    St. Anne's Credit Union of Fall River, Mass.
    Similarity Rank: 364
    IC Federal Credit Union
    Similarity Rank: 365
    Bridgewater Savings Bank
    Similarity Rank: 420

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 226 $46,120,000 $204,071 $1,252 6.65%

    For 2024, St. Mary's Credit Union's most frequently originated type of loan was Conventional, with 226 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 88 $8,450,000 $96,023 $234 6.73%
    Home Purchase 60 $27,530,000 $458,833 $3,577 6.45%
    Other 38 $3,050,000 $80,263 $236 6.73%
    Cash Out Refi 34 $4,920,000 $144,706 $535 6.79%
    Refi 6 $2,170,000 $361,667 $3,752 6.31%

    For 2024, St. Mary's Credit Union's most frequently cited loan purpose was Home Improvement, with 88 originations. The 2nd most popular reason was Home Purchase, with 60 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 63 $10,505,000 $166,746 $432 7.05%
    30 Year 62 $26,740,000 $431,290 $3,699 6.38%
    10 Year 39 $2,835,000 $72,692 $158 6.50%
    Other 25 $1,915,000 $76,600 $123 6.61%
    15 Year 24 $3,460,000 $144,167 $519 6.81%
    5 Year 13 $665,000 $51,154 $68 6.31%

    For 2024, St. Mary's Credit Union's most frequently cited loan duration was 20 Year, with 63 originations. The 2nd most popular length was 30 Year, with 62 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 197 $31,705,000 $160,939
    $1k-2k 21 $11,345,000 $540,238
    $5k+ 2 $1,020,000 $510,000
    $4k-5k 1 $235,000 $235,000

    St. Mary's Credit Union's average total fees were $3,699, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 197 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 182 $31,050,000 $170,604
    5-6% 22 $10,280,000 $467,273
    7-8% 22 $4,790,000 $217,727

    During 2024, St. Mary's Credit Union's average interest rate for loans was 6.38%, while their most frequently originated rate bucket for loans was 6-7%, with 182 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 101 $5,635,000 $55,792 $101 6.70%
    $100k-200k 47 $6,435,000 $136,915 $421 6.82%
    $200k-400k 43 $11,335,000 $263,605 $2,401 6.51%
    $400k-600k 18 $8,520,000 $473,333 $4,137 6.56%
    $600k-1MM 13 $9,385,000 $721,923 $4,335 6.50%
    $1MM+ 4 $4,810,000 $1,202,500 $6,055 6.03%

    2024 saw St. Mary's Credit Union place emphasis on $100,000 or less loans with 101 originations, totaling $5,635,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 81 $15,185,000 $187,469 $1,191 6.71%
    $100k-150k 55 $8,935,000 $162,455 $1,022 6.69%
    $250k+ 35 $13,275,000 $379,286 $1,679 6.61%
    $75k-100k 30 $3,780,000 $126,000 $956 6.58%
    $50k-75k 19 $3,035,000 $159,737 $1,853 6.42%
    $50k or less 2 $200,000 $100,000 $1,169 6.75%

    St. Mary's Credit Union lent most frequently to those with incomes in the $150k-250k range, with 81 originations. The second most popular income band? $100k-150k, with 55 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 57 $12,545,000 $220,088 $1,428 6.62%
    20-30% 50 $7,470,000 $149,400 $786 6.69%
    42% 23 $5,345,000 $232,391 $1,168 6.69%
    41% 21 $4,995,000 $237,857 $1,469 6.74%
    40% 14 $3,400,000 $242,857 $1,306 6.77%
    <20% 11 $1,335,000 $121,364 $928 6.44%
    39% 11 $2,295,000 $208,636 $2,403 6.59%
    37% 10 $2,390,000 $239,000 $1,319 6.64%
    38% 9 $1,245,000 $138,333 $367 6.69%
    36% 9 $1,645,000 $182,778 $1,213 6.44%
    43% 5 $1,215,000 $243,000 $2,262 6.51%
    44% 1 $185,000 $185,000 $2,699 6.00%
    46% 1 $345,000 $345,000 $3,109 7.00%

    St. Mary's Credit Union lent most frequently to those with DTI ratios of 30-36%, with 57 originations. The next most common DTI ratio? 20-30%, with 50 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 181 $30,575,000 $168,923 $1,064 6.64%
    Not provided 22 $6,310,000 $286,818 $1,807 6.76%
    Black 6 $3,690,000 $615,000 $3,955 6.52%
    Not applicable 4 $1,710,000 $427,500 $0 7.11%
    Asian 7 $1,625,000 $232,143 $1,847 6.59%
    Other Asian 1 $1,005,000 $1,005,000 $5,734 6.00%
    Asian Indian 3 $925,000 $308,333 $1,119 6.42%
    American Indian 2 $280,000 $140,000 $220 6.75%

    Approval Rates

    Total approvals of all applications
    84.26%

    St. Mary's Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    83.19%

    St. Mary's Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 226 $46,120,000 $204,071

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    226 $46,120,000 $204,071

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 39 $7,005,000 $179,615 $784 6.86%
    40-60% 13 $4,535,000 $348,846 $2,856 6.67%
    60-80% 24 $12,740,000 $530,833 $4,069 6.41%
    80-100% 30 $13,470,000 $449,000 $3,547 6.38%
    Under 20% 120 $8,370,000 $69,750 $126 6.70%