Russell Country Fcu Mortgage Rates, Fees & Info
GREAT FALLS, MTLEI: 549300ZBJ7X2KWFZ7A33
Tax ID: 81-0227407
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Mortgage Data
Review & Overview
Russell Country Fcu is a smaller credit union specializing in Other, Home Purchase, and Cash Out Refi loans. They have a a high proportion of FHA loans. Russell Country Fcu has a high proportion of conventional loans.Russell Country Fcu has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
22Origination Dollar Volume (All Markets)
$1,900,000Top Markets
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| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Outside of Metro Areas | 22 | $1,900,000 | $86,364 | $3,569 | 5.75% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| FHA | 15 | $885,000 | $59,000 | $0 | 0.00% |
| Conventional | 7 | $1,015,000 | $145,000 | $3,569 | 5.75% |
For 2018, Russell Country Fcu's most frequently originated type of loan was FHA, with 15 originations. Their 2nd most popular type was Conventional, with 7 originations.
Loan Reason
For 2018, Russell Country Fcu's most frequently cited loan purpose was Other, with 13 originations. The 2nd most popular reason was Home Purchase, with 3 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 15 | $885,000 | $59,000 | $0 | 0.00% |
| 15 Year | 6 | $920,000 | $153,333 | $3,682 | 5.92% |
| 10 Year | 1 | $95,000 | $95,000 | $2,892 | 4.75% |
For 2018, Russell Country Fcu's most frequently cited loan duration was Other, with 15 originations. The 2nd most popular length was 15 Year, with 6 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 4 | $360,000 | $90,000 |
| $2k-3k | 3 | $655,000 | $218,333 |
Russell Country Fcu's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 4 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 4 | $720,000 | $180,000 |
| 4-5% | 1 | $95,000 | $95,000 |
| 6-7% | 1 | $105,000 | $105,000 |
| 7-8% | 1 | $95,000 | $95,000 |
During 2018, Russell Country Fcu's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 4 originations.
Loan Sizing
2018 saw Russell Country Fcu place emphasis on $100,000 or less loans with 16 originations, totaling $860,000 in origination value.
Applicant Income
Russell Country Fcu lent most frequently to those with incomes in the $50k-75k range, with 2 originations. The second most popular income band? $50k or less, with 2 originations.
Applicant Debt to Income Ratio
Russell Country Fcu lent most frequently to those with DTI ratios of Exempt%, with 15 originations. The next most common DTI ratio? 30-36%, with 4 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 22 | $1,900,000 | $86,364 | $3,569 | 5.75% |
Approval Rates
Total approvals of all applications100.00%
Russell Country Fcu has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination77.27%
Russell Country Fcu has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 15 | $885,000 | $59,000 |
| NA | 7 | $1,015,000 | $145,000 |