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 and Cash Out Refi loans. Russell Country Fcu has a high proportion of conventional 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.
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Originations
20Origination Dollar Volume (All Markets)
$1,350,000Top 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) | 17 | $1,215,000 | $71,471 | $3,583 | 5.11% |
| Outside of Metro Areas | 3 | $135,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 16 | $810,000 | $50,625 | $0 | 0.00% |
| Conventional | 4 | $540,000 | $135,000 | $3,583 | 5.11% |
For 2019, Russell Country Fcu's most frequently originated type of loan was Conventional, with 16 originations. Their 2nd most popular type was Conventional, with 4 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Other | 12 | $640,000 | $53,333 | $0 | 0.00% |
| Home Improvement | 4 | $170,000 | $42,500 | $0 | 0.00% |
| Cash Out Refi | 4 | $540,000 | $135,000 | $3,583 | 5.11% |
For 2019, Russell Country Fcu's most frequently cited loan purpose was Other, with 12 originations. The 2nd most popular reason was Home Improvement, with 4 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 18 | $1,120,000 | $62,222 | $3,920 | 4.75% |
| 15 Year | 2 | $230,000 | $115,000 | $3,246 | 5.48% |
For 2019, Russell Country Fcu's most frequently cited loan duration was Other, with 18 originations. The 2nd most popular length was 15 Year, with 2 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 3 | $355,000 | $118,333 |
| $2k-3k | 1 | $185,000 | $185,000 |
Russell Country Fcu's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 3 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 2 | $310,000 | $155,000 |
| 5-6% | 2 | $230,000 | $115,000 |
During 2019, Russell Country Fcu's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 2 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 17 | $885,000 | $52,059 | $2,662 | 5.45% |
| $100k-200k | 3 | $465,000 | $155,000 | $3,890 | 5.00% |
2019 saw Russell Country Fcu place emphasis on $100,000 or less loans with 17 originations, totaling $885,000 in origination value.
Applicant Income
Russell Country Fcu lent most frequently to those with incomes in the $50k-75k range, with 8 originations. The second most popular income band? $75k-100k, with 5 originations.
Applicant Debt to Income Ratio
Russell Country Fcu lent most frequently to those with DTI ratios of Exempt%, with 16 originations. The next most common DTI ratio? 20-30%, with 1 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 19 | $1,305,000 | $68,684 | $3,583 | 5.11% |
| Not applicable | 1 | $45,000 | $45,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications88.46%
Russell Country Fcu has an average approval rate.
Pick Rate
Approvals leading to origination85.00%
Russell Country Fcu has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 16 | $810,000 | $50,625 |
| NA | 4 | $540,000 | $135,000 |