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Hanscom Federal Credit Union

Credit Union|Bedford, MA|Multi-Region
Loans Originated
94
Applications
209
Volume
$39 million
Offers loans directly to consumers
Overall Pricing
Strong
Overall Pull Through
Acceptable

Pricing and Pullthrough Overview

Average Rate Spread
-0.065%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$900
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
45.0%
Percentage of applications that result in closed loans

Safe Rate's Summary

What They Do Well

  • Offers rates 6.50 basis points below market average
  • Lower than average lender fees

Things to Think About

  • Pull through efficiency is below industry average

Report Card

Hanscom Federal Credit Union performance at a glance

CategoryRatingGradeDetails
Pricing
Rate competitiveness
StrongHighly Competitive
Pull Through
Closing Strength
AcceptableNear industry average
Products
Loan Type Specialists
Specialization score by loan product
Conventional
AcceptableNear industry average
Purpose
Reason specialization
Specialization score by loan purpose
Purchase
AcceptableNear industry average
Refinance
AcceptableNear industry average
Places
Geographic coverage
SoundMulti-Regional · 3 metro areas · 19 states
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)

Typical Borrower Profile

Average Loan Amount
$417,872
Average Borrower Income
$220,553
Average Property Value
$646,383

Performance by Loan Product

Loan TypeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Conventional
Acceptable
Acceptable
Strong
Mediocre
8186.2%-0.040%$920

Performance by Loan Purpose

PurposeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Purchase
Acceptable
Acceptable
Strong
Mediocre
6569.1%-0.033%$969
Refinance
Sound
Acceptable
Exceptional
Acceptable
2930.9%-0.137%$742

Geographic Coverage

Metro Areas
2
States Served
19
We count Washington DC as a state
Avg Place Specialization
Sound

States with Loan Originations

CACTFLGAIAILMAMDMEMINCNHNJNVORPARIVAVT

Top Metro Areas by Place Specialization Score

1
Cambridge, MAMSA
Volume: 24Mix: 25.53%
Place Specialization
Sound
2
Boston, MA, MAMSA
Volume: 12Mix: 12.77%
Place Specialization
Sound

Top States by Place Specialization Score

1
MAState
Volume: 48Mix: 51.06%
Place Specialization
Strong
2
NHState
Volume: 11Mix: 11.70%
Place Specialization
Sound

How We Rank Lenders

Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.

Our Point System (Max 30 Points)

10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
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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