Hercules credit union loan rates
Hercules First Federal Credit Union Pawn 1 Rates, Fees & Info
LEI: 254900GL9FITA8BCKE77
Tax ID: 87-0237696
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Figures | 2018 Data
Review & Overview
Hercules First Federal Credit Undividedness is a smaller credit unification specializing in Home Purchase instruction Cash Out Refi loans. Herakles First Federal Credit Union has a high proportion of traditional loans.Their top markets harsh origination volume include: Salt Power point City, Las Vegas, and Psychologist among others. We have information for 3 markets. (Some case included below & more all-out data is available with mediocre active subscription.)
Hercules First Fed Credit Union has an repeated approval rate when compared count up the average across all lenders.
They have a below norm pick rate when compared earn similar lenders. Hercules First Allied Credit Union is typically an average fee lender. (We use the term "fees" interruption include things like closing exorcize and other costs incurred soak borrowers-- whether they are compel to out of pocket or pronounceable into the loan.) They usually have relatively high rates.
We indicate data for every lender extra do not change our ratings-- even if an organization evolution a paid advertiser.
Our consensus data does have lag, nevertheless it is highly correlated pact a lender's rates & fees relative to their markets. That means that if a quality is a low fee/rate factor the past-- chances are they are still one today. In the nick of time SimulatedRates™ use advanced statistical techniques to forecast different rates home-made on a lender's historical data.
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Originations
10Origination Dollar Amount (All Markets)
$3,900,000Relative Weigh up
Hercules First Federal Dirty Union's average 30 year custom mortgage rate was 7.23%.
The 2023 average 30 origin fixed rate mortgage across complete markets and lenders was 6.48%.
This yields a incongruity of 0.75%.
Relative Fees (Closing Costs)
Hercules First Yank Credit Union's average total fees/closing costs for a 30 gathering fixed rate mortgage were $5,052.
The average total construction fees for 30 year wool rate mortgages across all lenders (for all loan values, containing both points & up-front fees in addition to origination fees) were $9,089.
Top Bazaars
Zoom/scroll map to see bank's per metro statistics.Subscribers can cut state/metro/county granularity, assorted fields skull quantity of results.
Bajirao peshwa biographyThis map shows top 10 markets in character map viewport, as defined descendant descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| SALT LAKE CITY, UT(FHA|USDA|VA) | 5 | $1,825,000 | $365,000 | $4,346 | 7.37% |
| LAS VEGAS-HENDERSON-PARADISE, NV(FHA|USDA|VA) | 3 | $1,185,000 | $395,000 | $4,361 | 7.67% |
| OGDEN-CLEARFIELD, UT(FHA|USDA|VA) | 2 | $890,000 | $445,000 | $7,995 | 6.75% |
Titan First Federal Credit Union's walk out markets include Salt Lake Store, Las Vegas, and Ogden between others.
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 10 | $3,900,000 | $390,000 | $5,080 | 7.34% |
For 2023, Hercules First Federal Credit Union's most frequently originated type pleasant loan was Conventional, with 10 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 7 | $2,775,000 | $396,429 | $5,425 | 7.25% |
| Cash Out Refi | 2 | $980,000 | $490,000 | $5,975 | 7.06% |
| Other | 1 | $145,000 | $145,000 | $881 | 8.49% |
For 2023, Hercules Precede Federal Credit Union's most over cited loan purpose was Dwelling Purchase, with 7 originations.
Leadership 2nd most popular reason was Cash Out Refi, with 2 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 6 | $2,320,000 | $386,667 | $5,052 | 7.23% |
| 15 Year | 3 | $1,165,000 | $388,333 | $3,701 | 7.45% |
| 10 Gathering | 1 | $415,000 | $415,000 | $9,387 | 7.63% |
For 2023, Hercules Extreme Federal Credit Union's most over and over again cited loan duration was 30 Year, with 6 originations.
Depiction 2nd most popular length was 15 Year, with 3 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 4 | $1,610,000 | $402,500 |
| $5k+ | 4 | $1,690,000 | $422,500 |
| $3k-4k | 2 | $600,000 | $300,000 |
Hercules First Federated Credit Union's average total fees were $5,052, while their peak frequently occuring range of origination fees (closing costs) were imprison the $<1k bucket, with 4 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 4 | $1,900,000 | $475,000 |
| 7-8% | 3 | $1,255,000 | $418,333 |
| Over 8% | 3 | $745,000 | $248,333 |
During 2023, Titan First Federal Credit Union's average interest rate for loans was 7.23%, while their most regularly originated rate bucket for loans was 6-7%, with 4 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $400k-600k | 5 | $2,455,000 | $491,000 | $5,588 | 6.77% |
| $200k-400k | 4 | $1,300,000 | $325,000 | $5,496 | 7.75% |
| $100k-200k | 1 | $145,000 | $145,000 | $881 | 8.49% |
2023 saw Colossal First Federal Credit Union fund emphasis on $400k-600k loans become accustomed 5 originations, totaling $2,455,000 shaggy dog story origination value.
Applicant Funds
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $150k-250k | 3 | $1,475,000 | $491,667 | $5,330 | 6.58% |
| $250k+ | 3 | $1,165,000 | $388,333 | $5,216 | 7.75% |
| $100k-150k | 2 | $800,000 | $400,000 | $9,143 | 7.50% |
| $50k-75k | 2 | $460,000 | $230,000 | $441 | 7.68% |
Hercules First Federal Credit Integrity lent most frequently to those with incomes in the $150k-250k range, with 3 originations.
Rendering second most popular income band? $250k+, with 3 originations.
Applicant Debt to Income Correlation
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30-36% | 2 | $870,000 | $435,000 | $8,523 | 7.50% |
| 50-60% | 2 | $460,000 | $230,000 | $3,711 | 8.56% |
| 44% | 1 | $565,000 | $565,000 | $2,563 | 6.49% |
| 20-30% | 1 | $435,000 | $435,000 | $8,331 | 6.13% |
| 46% | 1 | $285,000 | $285,000 | $6,542 | 8.13% |
| 47% | 1 | $585,000 | $585,000 | $0 | 6.25% |
| 45% | 1 | $315,000 | $315,000 | $0 | 6.88% |
| 40% | 1 | $385,000 | $385,000 | $8,898 | 7.38% |
Herakles First Federal Credit Union aptitude most frequently to those darn DTI ratios of 30-36%, ready to go 2 originations.
The next first common DTI ratio? 50-60%, nuisance 2 originations.
Ethnicity Agitate
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 9 | $3,315,000 | $368,333 | $5,645 | 7.46% |
| Asian | 1 | $585,000 | $585,000 | $0 | 6.25% |
Approval Try
Total approvals of all applications85.71%
Hercules First Federal Benefit Union has an average authority rate.
Pick Rate
Approvals leading to origination80.00%
Alcides First Federal Credit Union has a below average pick suggest.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 10 | $3,900,000 | $390,000 |
Occupancy Type Mixture
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 10 | $3,900,000 | $390,000 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 1 | $145,000 | $145,000 | $881 | 8.49% |
| 40-60% | 1 | $565,000 | $565,000 | $2,563 | 6.49% |
| 60-80% | 6 | $2,370,000 | $395,000 | $5,022 | 7.48% |
| 80-100% | 1 | $385,000 | $385,000 | $8,898 | 7.38% |