Nascoga Federal Credit Union Mortgage Rates, Fees & Info
Gainesville, TXLEI: 254900EQ7TPQ6NBKRF55
Tax ID: 75-0974099
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Mortgage Data
Review & Overview
Nascoga Federal Credit Union is a smaller credit union specializing in Cash Out Refi, Home Purchase, and Refi loans. Nascoga Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Gainesville, Sherman, Dallas, and Granbury among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Nascoga Federal Credit Union has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.
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Originations
36Origination Dollar Volume (All Markets)
$4,960,000Top 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 |
|---|---|---|---|---|---|
| Gainesville, TX (FHA|USDA|VA) | 23 | $3,055,000 | $132,826 | $1,620 | 4.79% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 8 | $1,160,000 | $145,000 | $2,222 | 4.74% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 4 | $510,000 | $127,500 | $2,524 | 4.98% |
| Granbury, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,828 | 4.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 36 | $4,960,000 | $137,778 | $1,856 | 4.78% |
For 2019, Nascoga Federal Credit Union's most frequently originated type of loan was Conventional, with 36 originations.
Loan Reason
For 2019, Nascoga Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 22 originations. The 2nd most popular reason was Home Purchase, with 9 originations.
Loan Duration/Length
For 2019, Nascoga Federal Credit Union's most frequently cited loan duration was 15 Year, with 29 originations. The 2nd most popular length was 10 Year, with 5 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 23 | $3,315,000 | $144,130 |
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 23 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 28 | $3,430,000 | $122,500 |
| 5-6% | 6 | $740,000 | $123,333 |
| 3-4% | 2 | $790,000 | $395,000 |
During 2019, 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 28 originations.
Loan Sizing
2019 saw Nascoga Federal Credit Union place emphasis on $100,000 or less loans with 25 originations, totaling $1,775,000 in origination value.
Applicant Income
Nascoga Federal Credit Union lent most frequently to those with incomes in the $75k-100k range, with 9 originations. The second most popular income band? $100k-150k, with 6 originations.
Applicant Debt to Income Ratio
Nascoga Federal Credit Union lent most frequently to those with DTI ratios of <20%, with 9 originations. The next most common DTI ratio? 20-30%, with 7 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 33 | $4,695,000 | $142,273 | $1,856 | 4.80% |
| Not applicable | 3 | $265,000 | $88,333 | $0 | 4.50% |
Approval Rates
Total approvals of all applications82.61%
Nascoga Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination94.44%
Nascoga Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 36 | $4,960,000 | $137,778 |