What loan types does Charter Oak Federal Credit Union offer?

Charter Oak Federal Credit Union offers the following mortgage loan types: Conventional. Each product has its own pricing score and performance metrics.

Where does Charter Oak Federal Credit Union offer mortgages?

Charter Oak Federal Credit Union offers mortgages in 2 states: CT, RI.

How competitive are Charter Oak Federal Credit Union's mortgage rates?

Charter Oak Federal Credit Union has an overall pricing score of 83.5/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is Charter Oak Federal Credit Union?

Charter Oak Federal Credit Union is a Credit Union headquartered in Waterford, CT.

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Charter Oak Federal Credit Union

Credit Union•Waterford, CTHQ•Direct•Reviews near you on Google

Charter Oak Federal Credit Union has 185 closed loans in our dataset — fully analyzed and benchmarked against peers across the 5 Ps of Mortgage Shopping.

Ratings· each scored 1–5 against peer lenders

Pricing

Exceptional

5/5

vs. all lenders

Pull-through

Sound

3/5

closing strength

Product

Sound

3/5

Conventional

Place

Strong

4/5

Regional · 3 mkts

Awards

Conventional

Superstar

Purchase

Superstar

Refinance

Superstar

Summary

What They Do Well

Offers rates 18.60 basis points below market average
Lower than average lender fees

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Report Card

Charter Oak Federal Credit Union performance at a glance

Overall Performance· Pricing & closing strength

Pricing

Rate competitiveness

Exceptional

Rates 18.6 bps below market avg

Pull Through

Closing strength

Sound

Top 60% of lenders

By Loan Product· Specialization by type

Conventional

Sound

Top 60% of lenders

By Loan Purpose· Transaction purpose mix

Purchase

Sound

Top 60% of lenders

Refinance

Sound

Top 60% of lenders

By Location· Geographic coverage

Geographic Reach

Regional · 4 markets

Sound

Top 60% of lenders

Loan Product Performance

Performance by Loan Product

Loan Type	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Conventional	Strong	Sound	Exceptional	Strong	177	95.7%	-0.179%Below	$308Credit

Conventional

Overall

Strong

Product

Sound

Pricing

Exceptional

Pull Through

Strong

Volume177

Mix95.7%

Spread

-0.179%Below

Fees

$308Credit

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Strong	Sound	Exceptional	Sound	138	74.6%	-0.239%Below	$413Credit
Refinance	Strong	Sound	Exceptional	Strong	47	25.4%	-0.034%Below	$75Credit

Purchase

Overall

Strong

Product

Sound

Pricing

Exceptional

Pull Through

Sound

Volume138

Mix74.6%

Spread

-0.239%Below

Fees

$413Credit

Refinance

Overall

Strong

Product

Sound

Pricing

Exceptional

Pull Through

Strong

Volume47

Mix25.4%

Spread

-0.034%Below

Fees

$75Credit

At a Glance

Lender Overview

Lending Activity

Loans Originated

185

Applications

256

Volume

$61 million

Pricing & Closing

Avg Rate Spread

-0.186%

vs. market APOR

Avg Net Fees

$-327

Origination − Credits

Pullthrough Rate

72.3%

Applications → Closed

Typical Borrower

Avg Loan Amount

$333,595

Avg Borrower Income

$156,043

Avg Property Value

$487,919

Geographic Coverage

Geographic Performance

Metro Areas

markets with activity

States Served

of 50 states + DC

Avg Place Specialization

Strong

4/5

States with Loan Originations

Northeast2

CTRI

Top Metro Areas by Place Specialization Score

Norwich, CTMetro

Volume 81Mix 43.78% of portfolio

92/100

Exceptional

Hartford, CTMetro

Volume 72Mix 38.92% of portfolio

72/100

Strong

Providence, RI-MAMetro

Volume 10Mix 5.41% of portfolio

44/100

Sound

Top States by Place Specialization Score

ConnecticutState

Volume 175Mix 94.59% of portfolio

78/100

Strong

Rhode IslandState

Volume 10Mix 5.41% of portfolio

44/100

Sound

How We Rank Lenders

Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.

Our Point System (Max 30 Points)

10/ 30 pts

Pricing

Rate and fee competitiveness (33%)

10/ 30 pts

Pull Through

Reliability in closing loans (33%)

10/ 30 pts

Product

Specialization in the loan type (33%)

💎

Champion(80%+ = 24-30 points)

⭐

Superstar(60-79% = 18-23 points)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

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The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.

No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.

HMDA 2024Built using publicly available originated loan data from the federal government.

Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.