My Community Credit Union Mortgage Rates, Fees & Info

Midland, TX

LEI: 2549000PNXYVRN44TV91

Tax ID: 75-0969777

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Mortgage Data

Review & Overview

My Community Credit Union is a smaller credit union specializing in Home Purchase loans. My Community Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Midland, Odessa, and Andrews among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

My Community Credit Union has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

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Originations

23

Origination Dollar Volume (All Markets)

$5,855,000

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
MIDLAND, TX (FHA|USDA|VA) 15 $4,065,000 $271,000 $0 0.00%
Outside of Metro Areas 3 $865,000 $288,333 $0 0.00%
ODESSA, TX (FHA|USDA|VA) 4 $760,000 $190,000 $0 0.00%
Andrews, TX (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
My Community Credit Union's top markets include Midland, Odessa, and Andrews among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against My Community Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    DIRECTIONS EQUITY, LLC
    Similarity Rank: 576
    LRS FINANCIAL NETWORK, INC.
    Similarity Rank: 756
    CHEVRON
    Similarity Rank: 882
    Prosperity Bank
    Similarity Rank: 1078
    PREMIA MORTGAGE, LLC
    Similarity Rank: 1720
    DHI MORTGAGE COMPANY, LTD.
    Similarity Rank: 2270
    City Bank
    Similarity Rank: 2430
    Mortgage Research Center, LLC
    Similarity Rank: 3672
    SFMC, LP
    Similarity Rank: 4556
    GUARANTEED RATE AFFINITY, LLC
    Similarity Rank: 5447

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 23 $5,855,000 $254,565 $0 0.00%

    For 2023, My Community Credit Union's most frequently originated type of loan was Conventional, with 23 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 15 $3,985,000 $265,667 $0 0.00%
    Refi 3 $835,000 $278,333 $0 0.00%
    Cash Out Refi 3 $685,000 $228,333 $0 0.00%
    Home Improvement 2 $350,000 $175,000 $0 0.00%

    For 2023, My Community Credit Union's most frequently cited loan purpose was Home Purchase, with 15 originations. The 2nd most popular reason was Refi, with 3 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 23 $5,855,000 $254,565 $0 0.00%

    For 2023, My Community Credit Union's most frequently cited loan duration was Other, with 23 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 13 $3,915,000 $301,154 $0 0.00%
    $100k-200k 8 $1,330,000 $166,250 $0 0.00%
    $100,000 or less 1 $85,000 $85,000 $0 0.00%
    $400k-600k 1 $525,000 $525,000 $0 0.00%

    2023 saw My Community Credit Union place emphasis on $200k-400k loans with 13 originations, totaling $3,915,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 9 $2,115,000 $235,000 $0 0.00%
    $150k-250k 4 $1,010,000 $252,500 $0 0.00%
    $75k-100k 4 $990,000 $247,500 $0 0.00%
    $250k+ 3 $1,315,000 $438,333 $0 0.00%
    $50k-75k 2 $340,000 $170,000 $0 0.00%
    $50k or less 1 $85,000 $85,000 $0 0.00%

    My Community Credit Union lent most frequently to those with incomes in the $100k-150k range, with 9 originations. The second most popular income band? $150k-250k, with 4 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 23 $5,855,000 $254,565 $0 0.00%

    My Community Credit Union lent most frequently to those with DTI ratios of Exempt%, with 23 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 20 $5,360,000 $268,000 $0 0.00%
    Not provided 2 $370,000 $185,000 $0 0.00%
    Black 1 $125,000 $125,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.43%

    My Community Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    86.96%

    My Community Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 23 $5,855,000 $254,565

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    23 $5,855,000 $254,565