Nascoga Federal Credit Union Mortgage Rates, Fees & Info

Gainesville, TX

LEI: 254900EQ7TPQ6NBKRF55

Tax ID: 75-0974099

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Nascoga Federal Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Nascoga Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Gainesville, Sherman, Bonham, Oklahoma City, and Dallas among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Nascoga Federal Credit Union has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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    Originations

    56

    Origination Dollar Volume (All Markets)

    $7,930,000

    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
    Gainesville, TX (FHA|USDA|VA) 39 $4,715,000 $120,897 $1,833 4.77%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 10 $1,900,000 $190,000 $2,867 4.88%
    Outside of Metro Areas 4 $580,000 $145,000 $2,223 4.44%
    Bonham, TX (FHA|USDA|VA) 1 $455,000 $455,000 $0 4.75%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $225,000 $225,000 $0 5.75%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.75%
    Nascoga Federal Credit Union's top markets include Gainesville, Sherman, Bonham, Oklahoma City, and Dallas among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 56 $7,930,000 $141,607 $2,100 4.78%

    For 2018, Nascoga Federal Credit Union's most frequently originated type of loan was Conventional, with 56 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 24 $1,980,000 $82,500 $1,197 4.87%
    Home Purchase 20 $4,270,000 $213,500 $3,246 4.70%
    Home Improvement 6 $450,000 $75,000 $862 4.67%
    Refi 5 $1,165,000 $233,000 $2,556 4.55%
    Other 1 $65,000 $65,000 $918 6.00%

    For 2018, Nascoga Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 24 originations. The 2nd most popular reason was Home Purchase, with 20 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 42 $6,660,000 $158,571 $2,289 4.80%
    10 Year 10 $810,000 $81,000 $1,394 4.90%
    5 Year 2 $200,000 $100,000 $1,539 4.25%
    Other 2 $260,000 $130,000 $2,146 4.25%

    For 2018, Nascoga Federal Credit Union's most frequently cited loan duration was 15 Year, with 42 originations. The 2nd most popular length was 10 Year, with 10 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 31 $5,045,000 $162,742

    Nascoga Federal Credit Union's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 31 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 44 $6,100,000 $138,636
    5-6% 9 $905,000 $100,556
    3-4% 3 $925,000 $308,333

    During 2018, Nascoga Federal Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 44 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 33 $2,425,000 $73,485 $900 4.89%
    $100k-200k 13 $1,875,000 $144,231 $2,768 4.65%
    $200k-400k 6 $1,500,000 $250,000 $2,833 4.71%
    $400k-600k 3 $1,415,000 $471,667 $4,059 4.58%
    $600k-1MM 1 $715,000 $715,000 $5,886 3.75%

    2018 saw Nascoga Federal Credit Union place emphasis on $100,000 or less loans with 33 originations, totaling $2,425,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 14 $1,530,000 $109,286 $1,867 4.68%
    $100k-150k 10 $1,270,000 $127,000 $2,091 4.67%
    $150k-250k 9 $1,995,000 $221,667 $2,410 5.00%
    $50k-75k 9 $1,005,000 $111,667 $1,838 4.72%
    $250k+ 5 $1,155,000 $231,000 $5,886 4.70%
    $50k or less 2 $200,000 $100,000 $1,540 4.63%

    Nascoga Federal Credit Union lent most frequently to those with incomes in the $75k-100k range, with 14 originations. The second most popular income band? $100k-150k, with 10 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 20 $2,210,000 $110,500 $1,901 4.83%
    <20% 10 $1,720,000 $172,000 $2,126 4.78%
    30-36% 9 $1,045,000 $116,111 $2,069 4.72%
    40% 2 $620,000 $310,000 $0 4.63%
    41% 2 $200,000 $100,000 $1,422 4.50%
    38% 1 $225,000 $225,000 $0 5.75%
    50-60% 1 $175,000 $175,000 $3,366 4.50%
    42% 1 $55,000 $55,000 $928 5.00%
    43% 1 $105,000 $105,000 $3,090 4.50%
    44% 1 $715,000 $715,000 $5,886 3.75%
    39% 1 $85,000 $85,000 $925 3.99%

    Nascoga Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 20 originations. The next most common DTI ratio? <20%, with 10 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 49 $7,155,000 $146,020 $2,100 4.74%
    Not applicable 7 $775,000 $110,714 $0 5.04%

    Approval Rates

    Total approvals of all applications
    92.19%

    Nascoga Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    94.64%

    Nascoga Federal Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 56 $7,930,000 $141,607

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $455,000 $455,000
    Single Family (1-4 Units):Site-Built 55 $7,475,000 $135,909

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 3 $445,000 $148,333 $2,429 5.17%
    40-60% 7 $715,000 $102,143 $1,999 4.79%
    60-80% 32 $4,560,000 $142,500 $1,799 4.77%
    80-100% 13 $2,175,000 $167,308 $3,134 4.69%
    Under 20% 1 $35,000 $35,000 $610 5.00%