360 Federal Credit Union Mortgage Rates, Fees & Info

Windsor Locks, CT

LEI: 549300ZOKUKS0Z7C3X31

Tax ID: 06-0674541

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    360 Federal Credit Union is a smaller credit union specializing in Cash Out Refi and Refi loans. 360 Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Hartford, Springfield, New Haven, Worcester, and Rockford among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    360 Federal 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.

    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.

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    Originations

    193

    Origination Dollar Volume (All Markets)

    $16,515,000

    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
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 154 $13,120,000 $85,195 $0 0.00%
    SPRINGFIELD, MA (FHA|USDA|VA) 31 $2,125,000 $68,548 $0 0.00%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 4 $980,000 $245,000 $0 0.00%
    WORCESTER, MA-CT (FHA|USDA|VA) 2 $140,000 $70,000 $0 0.00%
    ROCKFORD, IL (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
    360 Federal Credit Union's top markets include Hartford, Springfield, New Haven, Worcester, and Rockford among others.

    Their top states include:
  • Connecticut (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 193 $16,515,000 $85,570 $0 0.00%

    For 2020, 360 Federal Credit Union's most frequently originated type of loan was Conventional, with 193 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 123 $10,005,000 $81,341 $0 0.00%
    Refi 70 $6,510,000 $93,000 $0 0.00%

    For 2020, 360 Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 123 originations. The 2nd most popular reason was Refi, with 70 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 193 $16,515,000 $85,570 $0 0.00%

    For 2020, 360 Federal Credit Union's most frequently cited loan duration was Other, with 193 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 137 $6,785,000 $49,526 $0 0.00%
    $100k-200k 42 $5,730,000 $136,429 $0 0.00%
    $200k-400k 13 $3,525,000 $271,154 $0 0.00%
    $400k-600k 1 $475,000 $475,000 $0 0.00%

    2020 saw 360 Federal Credit Union place emphasis on $100,000 or less loans with 137 originations, totaling $6,785,000 in origination value.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 193 $16,515,000 $85,570 $0 0.00%

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 164 $13,810,000 $84,207 $0 0.00%
    Not provided 18 $1,650,000 $91,667 $0 0.00%
    Asian 8 $690,000 $86,250 $0 0.00%
    Black 2 $260,000 $130,000 $0 0.00%
    Not applicable 1 $105,000 $105,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.07%

    360 Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    77.72%

    360 Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 193 $16,515,000 $85,570

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 193 $16,515,000 $85,570