Russell Country Fcu Mortgage Rates, Fees & Info
GREAT FALLS, MTLEI: 549300ZBJ7X2KWFZ7A33
Tax ID: 81-0227407
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Russell Country Fcu is a smaller credit union specializing in Refi and Other loans. Russell Country Fcu has a high proportion of conventional loans. Their top (well, only) market is Great Falls.Russell Country Fcu 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.
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.
Originations
51Origination Dollar Volume (All Markets)
$2,805,000Top 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 |
|---|---|---|---|---|---|
| GREAT FALLS, MT (FHA|USDA|VA) | 41 | $2,055,000 | $50,122 | $972 | 8.05% |
| Outside of Metro Areas | 10 | $750,000 | $75,000 | $2,005 | 8.51% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 51 | $2,805,000 | $55,000 | $1,158 | 8.14% |
For 2023, Russell Country Fcu's most frequently originated type of loan was Conventional, with 51 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 36 | $1,680,000 | $46,667 | $933 | 7.84% |
| Other | 12 | $710,000 | $59,167 | $1,074 | 8.89% |
| Cash Out Refi | 3 | $415,000 | $138,333 | $4,119 | 8.82% |
For 2023, Russell Country Fcu's most frequently cited loan purpose was Refi, with 36 originations. The 2nd most popular reason was Other, with 12 originations.
Loan Duration/Length
For 2023, Russell Country Fcu's most frequently cited loan duration was 15 Year, with 39 originations. The 2nd most popular length was 10 Year, with 7 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 47 | $2,365,000 | $50,319 |
| $1k-2k | 2 | $190,000 | $95,000 |
| $3k-4k | 1 | $225,000 | $225,000 |
Russell Country Fcu's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 47 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 24 | $1,560,000 | $65,000 |
| 7-8% | 12 | $590,000 | $49,167 |
| 6-7% | 10 | $410,000 | $41,000 |
| 5-6% | 4 | $220,000 | $55,000 |
| 4-5% | 1 | $25,000 | $25,000 |
During 2023, Russell Country Fcu's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 24 originations.
Loan Sizing
2023 saw Russell Country Fcu place emphasis on $100,000 or less loans with 47 originations, totaling $2,245,000 in origination value.
Applicant Income
Russell Country Fcu lent most frequently to those with incomes in the $75k-100k range, with 14 originations. The second most popular income band? $100k-150k, with 12 originations.
Applicant Debt to Income Ratio
Russell Country Fcu lent most frequently to those with DTI ratios of 50-60%, with 13 originations. The next most common DTI ratio? 20-30%, with 8 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications78.16%
Russell Country Fcu has a below average approval rate.
Pick Rate
Approvals leading to origination66.67%
Russell Country Fcu has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 51 | $2,805,000 | $55,000 |