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 Refi, Cash Out Refi, and 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, Providence, 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.27% 4/22/24
    30 Year Conventional Purchase 6.21% 4/22/24
    30 Year Conventional Refi 6.20% 4/22/24
    30 Year Cash-out Refi 6.35% 4/22/24
    15 Year Conventional Purchase 5.66% 4/22/24
    15 Year Conventional Refi 5.66% 4/22/24
    15 Year Cash-out Refi 5.66% 4/22/24
    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

    408

    Origination Dollar Volume (All Markets)

    $97,190,000

    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) 218 $51,980,000 $238,440 $2,498 3.48%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 177 $41,535,000 $234,661 $2,423 3.51%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 7 $1,975,000 $282,143 $2,456 3.21%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 4 $1,290,000 $322,500 $2,883 3.16%
    SPRINGFIELD, MA (FHA|USDA|VA) 2 $410,000 $205,000 $2,748 3.06%
    St. Mary's Credit Union's top markets include Worcester, Boston, Barnstable Town, Providence, 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.

    LUSO-AMERICAN CREDIT UNION
    Similarity Rank: 258
    Piscataqua Savings Bank
    Similarity Rank: 310
    Centreville Bank
    Similarity Rank: 512
    COMMUNITY CREDIT UNION OF LYNN
    Similarity Rank: 525
    Triangle Credit Union
    Similarity Rank: 696
    Bridgewater Savings Bank
    Similarity Rank: 702
    CorePlus Federal Credit Union
    Similarity Rank: 710
    NEW HAMPSHIRE
    Similarity Rank: 756
    NESC
    Similarity Rank: 772
    East Boston Savings Bank
    Similarity Rank: 798

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 408 $97,190,000 $238,211 $2,470 3.48%

    For 2020, St. Mary's Credit Union's most frequently originated type of loan was Conventional, with 408 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 127 $32,975,000 $259,646 $2,714 3.15%
    Cash Out Refi 121 $32,485,000 $268,471 $2,855 3.52%
    Home Purchase 85 $25,345,000 $298,176 $3,266 3.27%
    Home Improvement 56 $4,320,000 $77,143 $222 4.28%
    Other 19 $2,065,000 $108,684 $1,354 4.11%

    For 2020, St. Mary's Credit Union's most frequently cited loan purpose was Refi, with 127 originations. The 2nd most popular reason was Cash Out Refi, with 121 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 192 $59,880,000 $311,875 $3,228 3.38%
    15 Year 97 $21,215,000 $218,711 $2,743 3.11%
    20 Year 51 $10,445,000 $204,804 $1,904 3.96%
    Other 28 $3,040,000 $108,571 $74 4.19%
    10 Year 25 $2,085,000 $83,400 $789 3.77%
    5 Year 15 $525,000 $35,000 $0 3.81%

    For 2020, St. Mary's Credit Union's most frequently cited loan duration was 30 Year, with 192 originations. The 2nd most popular length was 15 Year, with 97 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 312 $68,100,000 $218,269
    $1k-2k 49 $14,855,000 $303,163
    $3k-4k 16 $3,900,000 $243,750
    $5k+ 14 $5,310,000 $379,286
    $2k-3k 11 $2,105,000 $191,364
    $4k-5k 5 $1,485,000 $297,000

    St. Mary's Credit Union's average total fees were $3,228, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 312 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 230 $62,410,000 $271,348
    2.5-3% 106 $26,020,000 $245,472
    4-5% 63 $6,465,000 $102,619
    <2.5% 6 $2,100,000 $350,000
    5-6% 3 $195,000 $65,000

    During 2020, St. Mary's Credit Union's average interest rate for loans was 3.38%, while their most frequently originated rate bucket for loans was 3-4%, with 230 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 177 $48,785,000 $275,621 $3,225 3.27%
    $100k-200k 91 $13,965,000 $153,462 $2,349 3.38%
    $100,000 or less 86 $4,340,000 $50,465 $235 4.16%
    $400k-600k 37 $17,495,000 $472,838 $3,667 3.23%
    $600k-1MM 16 $11,170,000 $698,125 $3,907 3.30%
    $1MM+ 1 $1,435,000 $1,435,000 $0 3.95%

    2020 saw St. Mary's Credit Union place emphasis on $200k-400k loans with 177 originations, totaling $48,785,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 105 $22,455,000 $213,857 $2,392 3.54%
    $150k-250k 104 $28,600,000 $275,000 $2,280 3.65%
    $50k-75k 68 $11,800,000 $173,529 $2,308 3.34%
    $75k-100k 61 $12,385,000 $203,033 $2,591 3.44%
    $250k+ 48 $18,550,000 $386,458 $3,146 3.36%
    $50k or less 18 $2,610,000 $145,000 $2,296 3.26%

    St. Mary's Credit Union lent most frequently to those with incomes in the $100k-150k range, with 105 originations. The second most popular income band? $150k-250k, with 104 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 126 $33,880,000 $268,889 $2,701 3.36%
    30-36% 96 $22,930,000 $238,854 $2,435 3.57%
    <20% 42 $9,880,000 $235,238 $2,848 3.26%
    40% 26 $4,260,000 $163,846 $2,126 3.50%
    37% 19 $4,575,000 $240,789 $3,030 3.45%
    38% 18 $3,540,000 $196,667 $2,424 3.67%
    39% 18 $4,050,000 $225,000 $2,150 3.45%
    41% 17 $3,295,000 $193,824 $1,603 3.77%
    42% 16 $2,570,000 $160,625 $1,042 4.27%
    36% 10 $2,050,000 $205,000 $2,082 3.58%
    44% 8 $2,210,000 $276,250 $2,762 3.38%
    43% 6 $1,590,000 $265,000 $2,599 3.23%
    45% 2 $320,000 $160,000 $2,301 2.88%
    48% 1 $215,000 $215,000 $3,165 3.38%
    50-60% 1 $235,000 $235,000 $2,451 3.50%

    St. Mary's Credit Union lent most frequently to those with DTI ratios of 20-30%, with 126 originations. The next most common DTI ratio? 30-36%, with 96 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 338 $79,800,000 $236,095 $2,428 3.48%
    Not provided 43 $10,235,000 $238,023 $2,675 3.57%
    Asian 18 $5,800,000 $322,222 $3,194 3.19%
    Black 9 $1,355,000 $150,556 $1,695 3.69%

    Approval Rates

    Total approvals of all applications
    86.89%

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

    Pick Rate

    Approvals leading to origination
    78.68%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 408 $97,190,000 $238,211

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $1,435,000 $1,435,000
    Single Family (1-4 Units):Site-Built 407 $95,755,000 $235,270

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 55 $8,125,000 $147,727 $1,905 3.39%
    40-60% 78 $19,510,000 $250,128 $3,023 3.20%
    60-80% 123 $41,945,000 $341,016 $3,538 3.34%
    80-100% 73 $23,575,000 $322,945 $3,033 3.27%
    Under 20% 79 $4,035,000 $51,076 $117 4.24%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    21ST MORTGAGE CORP. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 3 6.0%
    21ST MORTGAGE CORP. Conventional home mortgage Closing on a mortgage 1 2.0%
    21ST MORTGAGE CORP. Conventional home mortgage Problem with a credit reporting company's investigation into an existing problem 1 2.0%
    21ST MORTGAGE CORP. Conventional home mortgage Struggling to pay mortgage 13 26.0%
    21ST MORTGAGE CORP. Conventional home mortgage Trouble during payment process 13 26.0%
    21ST MORTGAGE CORP. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 2.0%
    21ST MORTGAGE CORP. FHA mortgage Struggling to pay mortgage 4 8.0%
    21ST MORTGAGE CORP. FHA mortgage Trouble during payment process 1 2.0%
    21ST MORTGAGE CORP. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 2.0%
    21ST MORTGAGE CORP. Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 2.0%
    21ST MORTGAGE CORP. Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 2.0%
    21ST MORTGAGE CORP. Other type of mortgage Closing on a mortgage 1 2.0%
    21ST MORTGAGE CORP. Other type of mortgage Struggling to pay mortgage 4 8.0%
    21ST MORTGAGE CORP. Other type of mortgage Trouble during payment process 5 10.0%