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

Marlborough, MA

LEI: 549300Y7VXZSDR0D6I81

Tax ID: 04-1802000

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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 and Cash Out Refi loans. St. Mary's Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Worcester, Providence, Barnstable Town, and Springfield among others. We have data for 6 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.27% 4/18/24
    30 Year Conventional Purchase 6.21% 4/18/24
    30 Year Conventional Refi 6.20% 4/18/24
    30 Year Cash-out Refi 6.35% 4/18/24
    15 Year Conventional Purchase 5.66% 4/18/24
    15 Year Conventional Refi 5.66% 4/18/24
    15 Year Cash-out Refi 5.66% 4/18/24
    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

    364

    Origination Dollar Volume (All Markets)

    $74,850,000

    Awards

    St. Mary's Credit Union 30 Year Conventional Loans silver St. Mary's Credit Union 30 Year Conventional Loans silver St. Mary's Credit Union 30 Year Conventional Loans bronze St. Mary's Credit Union 30 Year Conventional Loans silver
    Show all (4) awards

    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) 184 $37,980,000 $206,413 $2,859 4.06%
    WORCESTER, MA-CT (FHA|USDA|VA) 172 $35,020,000 $203,605 $2,710 4.11%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 3 $765,000 $255,000 $2,695 3.31%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 2 $640,000 $320,000 $2,945 4.13%
    SPRINGFIELD, MA (FHA|USDA|VA) 2 $340,000 $170,000 $2,160 3.94%
    Outside of Metro Areas 1 $105,000 $105,000 $2,463 3.13%
    St. Mary's Credit Union's top markets include Boston, Worcester, Providence, Barnstable Town, 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.

    SOUTHBRIDGE CREDIT UNION
    Similarity Rank: 80
    Piscataqua Savings Bank
    Similarity Rank: 118
    First Ipswich Bank
    Similarity Rank: 139
    LEOMINSTER CREDIT UNION
    Similarity Rank: 180
    Charter Oak Federal Credit Union
    Similarity Rank: 294
    St. Anne's Credit Union of Fall River, Mass.
    Similarity Rank: 417
    Liberty Bank
    Similarity Rank: 420
    QUINCY CREDIT UNION
    Similarity Rank: 435
    Middlesex Savings Bank
    Similarity Rank: 455
    Members Plus Credit Union
    Similarity Rank: 505

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 364 $74,850,000 $205,632 $2,778 4.07%

    For 2019, St. Mary's Credit Union's most frequently originated type of loan was Conventional, with 364 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 108 $30,330,000 $280,833 $2,952 3.93%
    Cash Out Refi 106 $26,210,000 $247,264 $2,979 4.04%
    Home Improvement 61 $3,305,000 $54,180 $817 4.50%
    Refi 51 $12,735,000 $249,706 $2,676 3.59%
    Other 38 $2,270,000 $59,737 $480 4.51%

    For 2019, St. Mary's Credit Union's most frequently cited loan purpose was Home Purchase, with 108 originations. The 2nd most popular reason was Cash Out Refi, with 106 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 160 $46,390,000 $289,938 $2,946 3.92%
    15 Year 92 $20,610,000 $224,022 $2,637 3.77%
    10 Year 32 $2,300,000 $71,875 $0 4.38%
    20 Year 30 $2,830,000 $94,333 $2,499 5.20%
    Other 28 $1,820,000 $65,000 $0 4.33%
    5 Year 22 $900,000 $40,909 $0 4.08%

    For 2019, St. Mary's Credit Union's most frequently cited loan duration was 30 Year, with 160 originations. The 2nd most popular length was 15 Year, with 92 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 216 $50,540,000 $233,981
    $1k-2k 47 $13,315,000 $283,298
    $2k-3k 5 $1,295,000 $259,000
    $3k-4k 5 $1,325,000 $265,000
    $4k-5k 3 $1,145,000 $381,667
    $5k+ 1 $335,000 $335,000

    St. Mary's Credit Union's average total fees were $2,946, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 216 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 152 $39,650,000 $260,855
    4-5% 152 $21,500,000 $141,447
    2.5-3% 30 $10,630,000 $354,333
    5-6% 30 $3,070,000 $102,333

    During 2019, St. Mary's Credit Union's average interest rate for loans was 3.92%, while their most frequently originated rate bucket for loans was 3-4%, with 152 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 136 $38,580,000 $283,676 $2,973 3.78%
    $100,000 or less 118 $5,870,000 $49,746 $421 4.51%
    $100k-200k 73 $11,155,000 $152,808 $2,520 4.13%
    $400k-600k 29 $13,815,000 $476,379 $3,532 3.74%
    $600k-1MM 8 $5,430,000 $678,750 $3,379 3.30%

    2019 saw St. Mary's Credit Union place emphasis on $200k-400k loans with 136 originations, totaling $38,580,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 104 $20,780,000 $199,808 $2,736 4.08%
    $150k-250k 82 $19,530,000 $238,171 $3,088 3.98%
    $50k-75k 70 $11,270,000 $161,000 $2,713 4.09%
    $75k-100k 54 $10,160,000 $188,148 $2,733 4.22%
    $250k+ 32 $9,990,000 $312,188 $2,950 3.82%
    $50k or less 18 $1,980,000 $110,000 $2,082 4.13%

    St. Mary's Credit Union lent most frequently to those with incomes in the $100k-150k range, with 104 originations. The second most popular income band? $150k-250k, with 82 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 93 $18,915,000 $203,387 $2,841 3.98%
    30-36% 88 $19,170,000 $217,841 $2,733 4.01%
    <20% 41 $8,085,000 $197,195 $2,706 3.93%
    42% 25 $5,575,000 $223,000 $2,586 4.30%
    39% 21 $3,785,000 $180,238 $2,446 4.39%
    38% 21 $5,135,000 $244,524 $3,348 4.23%
    40% 20 $3,730,000 $186,500 $2,783 4.07%
    41% 18 $1,370,000 $76,111 $1,572 4.39%
    37% 15 $2,695,000 $179,667 $2,503 4.26%
    36% 9 $2,175,000 $241,667 $2,975 3.86%
    44% 6 $1,520,000 $253,333 $2,982 3.81%
    43% 3 $1,005,000 $335,000 $2,653 3.21%
    46% 2 $630,000 $315,000 $2,986 3.81%

    St. Mary's Credit Union lent most frequently to those with DTI ratios of 20-30%, with 93 originations. The next most common DTI ratio? 30-36%, with 88 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 310 $60,440,000 $194,968 $2,707 4.10%
    Not provided 21 $5,325,000 $253,571 $3,724 3.91%
    Asian 15 $5,165,000 $344,333 $2,809 3.69%
    Black 12 $2,300,000 $191,667 $2,539 4.03%
    Not applicable 2 $1,060,000 $530,000 $0 5.13%
    Asian Indian 3 $475,000 $158,333 $5,241 3.71%
    Vietnamese 1 $85,000 $85,000 $0 4.13%

    Approval Rates

    Total approvals of all applications
    87.18%

    St. Mary's Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.59%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 364 $74,850,000 $205,632

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $1,060,000 $530,000
    Single Family (1-4 Units):Site-Built 362 $73,790,000 $203,840

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 46 $5,100,000 $110,870 $1,334 4.50%
    40-60% 48 $12,510,000 $260,625 $2,778 3.68%
    60-80% 74 $23,710,000 $320,405 $3,136 3.79%
    80-100% 95 $28,495,000 $299,947 $2,986 3.85%
    Under 20% 101 $5,035,000 $49,851 $657 4.48%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    21ST MORTGAGE CORP. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 3 10.7%
    21ST MORTGAGE CORP. Conventional home mortgage Closing on a mortgage 2 7.1%
    21ST MORTGAGE CORP. Conventional home mortgage Problem with a credit reporting company's investigation into an existing problem 1 3.6%
    21ST MORTGAGE CORP. Conventional home mortgage Struggling to pay mortgage 5 17.9%
    21ST MORTGAGE CORP. Conventional home mortgage Trouble during payment process 2 7.1%
    21ST MORTGAGE CORP. FHA mortgage Closing on a mortgage 1 3.6%
    21ST MORTGAGE CORP. FHA mortgage Trouble during payment process 2 7.1%
    21ST MORTGAGE CORP. Home equity loan or line of credit (HELOC) Struggling to pay mortgage 4 14.3%
    21ST MORTGAGE CORP. Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 2 7.1%
    21ST MORTGAGE CORP. Other type of mortgage Closing on a mortgage 1 3.6%
    21ST MORTGAGE CORP. Other type of mortgage Struggling to pay mortgage 1 3.6%
    21ST MORTGAGE CORP. Other type of mortgage Trouble during payment process 4 14.3%