My Community Credit Union Mortgage Rates, Fees & Info
Midland, TXLEI: 2549000PNXYVRN44TV91
Tax ID: 75-0969777
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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
23Origination Dollar Volume (All Markets)
$5,855,000Top 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% |
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.
Similarity Rank: 576
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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
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
2023 saw My Community Credit Union place emphasis on $200k-400k loans with 13 originations, totaling $3,915,000 in origination value.
Applicant Income
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 applications96.43%
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 origination86.96%
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 |