What loan types does Westerly Community offer?

Westerly Community offers the following mortgage loan types: Conventional. Each product has its own pricing score and performance metrics.

Where does Westerly Community offer mortgages?

Westerly Community offers mortgages in 2 states: CT, RI.

How competitive are Westerly Community's mortgage rates?

Westerly Community has an overall pricing score of 90.2/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is Westerly Community?

Westerly Community is a Credit Union headquartered in Westerly, RI.

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Westerly Community

Credit Union•Westerly, RIHQ•Direct•Reviews near you on Google

Westerly Community has 62 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

Acceptable

2/5

closing strength

Product

Acceptable

2/5

Conventional

Place

Sound

3/5

Regional · 2 mkts

Summary

What They Do Well

Offers rates 19.40 basis points below market average
Lower than average lender fees

Things to Think About

Pull through efficiency is below industry average

Explore another lender or local market

Report Card

Westerly Community performance at a glance

Overall Performance· Pricing & closing strength

Pricing

Rate competitiveness

Exceptional

Rates 19.4 bps below market avg

Pull Through

Closing strength

Acceptable

Bottom 40% of lenders

By Loan Product· Specialization by type

Conventional

Acceptable

Bottom 40% of lenders

By Loan Purpose· Transaction purpose mix

Purchase

Acceptable

Bottom 40% of lenders

Refinance

Acceptable

Bottom 40% of lenders

By Location· Geographic coverage

Geographic Reach

Regional · 2 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	Sound	Acceptable	Exceptional	Sound	61	98.4%	-0.192%Below	$1,076Fees

Conventional

Overall

Sound

Product

Acceptable

Pricing

Exceptional

Pull Through

Sound

Volume61

Mix98.4%

Spread

-0.192%Below

Fees

$1,076Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Sound	Acceptable	Exceptional	Sound	48	77.4%	-0.174%Below	$1,251Fees
Refinance	Acceptable	Acceptable	—	Acceptable	14	22.6%	-0.258%Below	$490Fees

Purchase

Overall

Sound

Product

Acceptable

Pricing

Exceptional

Pull Through

Sound

Volume48

Mix77.4%

Spread

-0.174%Below

Fees

$1,251Fees

Refinance

Overall

Acceptable

Product

Acceptable

Pricing—

Pull Through

Acceptable

Volume14

Mix22.6%

Spread

-0.258%Below

Fees

$490Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

Applications

Volume

$24 million

Pricing & Closing

Avg Rate Spread

-0.194%

vs. market APOR

Avg Net Fees

$1,074

Origination − Credits

Pullthrough Rate

72.1%

Applications → Closed

Typical Borrower

Avg Loan Amount

$398,871

Avg Borrower Income

$169,000

Avg Property Value

$581,935

Geographic Coverage

Geographic Performance

Metro Areas

markets with activity

States Served

of 50 states + DC

Avg Place Specialization

Sound

3/5

States with Loan Originations

Northeast2

CTRI

Top Metro Areas by Place Specialization Score

Providence, RI-MAMetro

Volume 49Mix 79.03% of portfolio

70/100

Strong

Norwich, CTMetro

Volume 10Mix 16.13% of portfolio

50/100

Sound

Top States by Place Specialization Score

Rhode IslandState

Volume 49Mix 79.03% of portfolio

70/100

Strong

ConnecticutState

Volume 13Mix 20.97% of portfolio

48/100

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.