American Eagle Financial Credit Union Mortgage Interest Rate and Cost Review

Is American Eagle Financial Credit Union a cheap or expensive mortgage lender? To help you shop for a mortgage, we compare the interest rates and closing costs charged by American Eagle Financial Credit Union to those of other lenders for a comparable set of borrowers. We maintain our independence by not accepting any money from the mortgage lenders we review. Going by historical data, here is our review of American Eagle Financial Credit Union nationally:

Review ItemAmerican Eagle Financial Credit Union
Interest Ratelower than other lenders (-0.14%)
Loan Related Closing Costslower than other lenders (-$356)
National Rate and Closing Cost Star Rating(4.5)

On average, American Eagle Financial Credit Union’s interest rates were lower than those of other lenders (-0.14%) for a comparable set of borrowers. Its loan related closing costs were also lower than those of other lenders, with a difference of -$356. Overall, combining interest rates and closing costs we estimate that American Eagle Financial Credit Union tends to be a cheap lender, and give it a National Rate and Closing Costs Rating of 4.5 out of 5 stars. To visit American Eagle Financial Credit Union, its website is located at: https://www.americaneagle.org.

American Eagle Financial Credit Union’s Rate Review by City

Mortgage lenders often set different rates in different geographical markets. In particular, among the cities we track American Eagle Financial Credit Union was most active in:

  1. Stamford, CT
  2. Springfield, MA
  3. Boston, MA
  4. Pittsfield, MA

You can click through to check out American Eagle Financial Credit Union’s mortgage rate relative to those of other lenders within each city. Or, for our entire list of the top mortgage lenders by city, click here.

American Eagle Financial Credit Union’s Rate Review by Mortgage Type

Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, American Eagle Financial Credit Union originated Conforming and Jumbo mortgages for new home purchases and refinances. Its average interest rate and total loan related closing cost difference relative to other lenders by mortgages type is as follows.

Purchase/Refinance:
New Purchase MortgagesConformingJumbo
Interest Rate Difference-0.22%-0.01%
Loan Related Closing Cost Difference-$238+$183
Cost Adjusted Rate Difference-0.25%-0.01%
National Star Rating(5)(3.5)
Refinance MortgagesConformingJumbo
Interest Rate Difference-0.07%-0.01%
Loan Related Closing Cost Difference-$462+$87
Cost Adjusted Rate Difference-0.14%-0.01%
Average Star Rating(4)(3.5)

As a summary, American Eagle Financial Credit Union is cheap for Conforming purchase mortgages. It is similar to other lenders for Jumbo purchase mortgages. For refinancing, American Eagle Financial Credit Union is cheap for Conforming mortgage refinance. It is similar to other lenders for Jumbo mortgage refinance. Nevertheless, individual circumstances can matter a lot for mortgage rates, and we always recommend shopping among several of our top mortgage lenders in your area before signing.

Other information about American Eagle Financial Credit Union:

Registered name: American Eagle Financial Credit Union Inc
Registered city and state: East Hartford, CT, 06108
Regulator: National Credit Union Administration (NCUA)

* Source of the data is Federal Financial Institutions Examination Council (FFIEC) and is for mortgages originated in the past year. Our comparable mortgages analysis controls for American Eagle Financial Credit Union’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and commuting zone. Cost adjusted rates were computed based on each percent of the loan amount in above average loan related closing costs being worth +0.15 of a percentage point in interest rate. Furthermore, the amounts are regularized using a Bayesian approach to control for small samples.