360 Federal Credit Union Mortgage Rates, Fees & Info
Windsor Locks, CTLEI: 549300ZOKUKS0Z7C3X31
Tax ID: 06-0674541
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
360 Federal Credit Union is a smaller credit union specializing in Cash Out Refi, Home Improvement, 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 Torrington among others. We have data for 9 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.
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Originations
264Origination Dollar Volume (All Markets)
$19,640,000Top 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 |
|---|---|---|---|---|---|
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 219 | $16,175,000 | $73,858 | $0 | 0.00% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 34 | $2,420,000 | $71,176 | $0 | 0.00% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 4 | $370,000 | $92,500 | $0 | 0.00% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Torrington, CT (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $0 | 0.00% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $45,000 | $45,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 264 | $19,640,000 | $74,394 | $0 | 0.00% |
For 2022, 360 Federal Credit Union's most frequently originated type of loan was Conventional, with 264 originations.
Loan Reason
For 2022, 360 Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 112 originations. The 2nd most popular reason was Home Improvement, with 83 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 264 | $19,640,000 | $74,394 | $0 | 0.00% |
For 2022, 360 Federal Credit Union's most frequently cited loan duration was Other, with 264 originations.
Loan Sizing
2022 saw 360 Federal Credit Union place emphasis on $100,000 or less loans with 194 originations, totaling $8,850,000 in origination value.
Applicant Income
360 Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 81 originations. The second most popular income band? $75k-100k, with 58 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 264 | $19,640,000 | $74,394 | $0 | 0.00% |
360 Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 264 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications83.37%
360 Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination78.41%
360 Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 264 | $19,640,000 | $74,394 |