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 Other loans. Nascoga Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Gainesville, Dallas, Sherman, and Altus among others. We have data for 5 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. They typically have about average rates.
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Originations
60Origination Dollar Volume (All Markets)
$9,980,000Top 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) | 48 | $8,150,000 | $169,792 | $1,818 | 3.93% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 7 | $915,000 | $130,714 | $859 | 4.02% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $0 | 3.83% |
| Outside of Metro Areas | 1 | $355,000 | $355,000 | $0 | 4.00% |
| Altus, OK (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 3.75% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 60 | $9,980,000 | $166,333 | $1,698 | 3.93% |
For 2020, Nascoga Federal Credit Union's most frequently originated type of loan was Conventional, with 60 originations.
Loan Reason
For 2020, Nascoga Federal Credit Union's most frequently cited loan purpose was Other, with 46 originations. The 2nd most popular reason was Cash Out Refi, with 10 originations.
Loan Duration/Length
For 2020, Nascoga Federal Credit Union's most frequently cited loan duration was 15 Year, with 48 originations. The 2nd most popular length was 10 Year, with 4 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 8 | $1,140,000 | $142,500 |
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 8 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 47 | $8,855,000 | $188,404 |
| 4-5% | 12 | $1,000,000 | $83,333 |
During 2020, Nascoga Federal Credit Union's average interest rate for loans was 3.92%, while their most frequently originated rate bucket for loans was 3-4%, with 47 originations.
Loan Sizing
2020 saw Nascoga Federal Credit Union place emphasis on $100,000 or less loans with 29 originations, totaling $2,195,000 in origination value.
Applicant Income
Nascoga Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 11 originations. The second most popular income band? $100k-150k, with 10 originations.
Applicant Debt to Income Ratio
Nascoga Federal Credit Union lent most frequently to those with DTI ratios of <20%, with 10 originations. The next most common DTI ratio? 30-36%, with 4 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.38%
Nascoga Federal 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 origination96.67%
Nascoga Federal Credit Union has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 60 | $9,980,000 | $166,333 |