Nascoga Federal Credit Union Mortgage Rates, Fees & Info

Gainesville, TX

LEI: 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, Sherman, and Dallas 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 above average approval rate when compared to the average across all lenders. They typically have about average rates.

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Originations

50

Origination Dollar Volume (All Markets)

$11,630,000

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) 35 $8,395,000 $239,857 $0 3.89%
SHERMAN-DENISON, TX (FHA|USDA|VA) 10 $2,510,000 $251,000 $0 4.00%
Outside of Metro Areas 3 $435,000 $145,000 $0 3.92%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $290,000 $145,000 $0 4.25%
Nascoga Federal Credit Union's top markets include Gainesville, Sherman, and Dallas among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 50 $11,630,000 $232,600 $0 3.93%

    For 2021, Nascoga Federal Credit Union's most frequently originated type of loan was Conventional, with 50 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 49 $11,425,000 $233,163 $0 3.92%
    Refi 1 $205,000 $205,000 $0 4.25%

    For 2021, Nascoga Federal Credit Union's most frequently cited loan purpose was Other, with 49 originations. The 2nd most popular reason was Refi, with 1 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 39 $6,355,000 $162,949 $0 4.01%
    Other 7 $3,325,000 $475,000 $0 3.68%
    1 Year 1 $1,405,000 $1,405,000 $0 3.75%
    30 Year 1 $95,000 $95,000 $0 3.75%
    3 Year 1 $365,000 $365,000 $0 3.00%
    5 Year 1 $85,000 $85,000 $0 3.75%

    For 2021, Nascoga Federal Credit Union's most frequently cited loan duration was 15 Year, with 39 originations. The 2nd most popular length was Other, with 7 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 39 $9,625,000 $246,795
    4-5% 9 $1,575,000 $175,000
    2.5-3% 1 $365,000 $365,000
    5-6% 1 $65,000 $65,000

    During 2021, Nascoga Federal Credit Union's average interest rate for loans was 3.75%, while their most frequently originated rate bucket for loans was 3-4%, with 39 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 29 $2,315,000 $79,828 $0 3.97%
    $200k-400k 12 $3,480,000 $290,000 $0 3.79%
    $600k-1MM 3 $2,125,000 $708,333 $0 3.92%
    $100k-200k 2 $380,000 $190,000 $0 4.38%
    $1MM+ 2 $2,410,000 $1,205,000 $0 3.63%
    $400k-600k 2 $920,000 $460,000 $0 3.88%

    2021 saw Nascoga Federal Credit Union place emphasis on $100,000 or less loans with 29 originations, totaling $2,315,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 8 $620,000 $77,500 $0 3.84%
    $100k-150k 6 $1,320,000 $220,000 $0 4.21%
    $150k-250k 6 $2,420,000 $403,333 $0 3.71%
    $50k-75k 6 $450,000 $75,000 $0 3.96%
    $75k-100k 6 $1,000,000 $166,667 $0 4.04%
    $250k+ 3 $1,285,000 $428,333 $0 3.83%

    Nascoga Federal Credit Union lent most frequently to those with incomes in the $50k or less range, with 8 originations. The second most popular income band? $100k-150k, with 6 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1 $335,000 $335,000 $0 3.75%
    30-36% 1 $905,000 $905,000 $0 3.75%

    Nascoga Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 1 originations. The next most common DTI ratio? 30-36%, with 1 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 43 $8,935,000 $207,791 $0 3.94%
    Not applicable 4 $2,450,000 $612,500 $0 3.69%
    Not provided 3 $245,000 $81,667 $0 4.08%

    Approval Rates

    Total approvals of all applications
    100.00%

    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 origination

    Points and Fees

    Points Originations Total Value Average Loan
    NA 50 $11,630,000 $232,600

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    50 $11,630,000 $232,600

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 5 $335,000 $67,000 $0 3.85%
    40-60% 17 $2,305,000 $135,588 $0 3.96%
    60-80% 12 $4,690,000 $390,833 $0 3.85%
    80-100% 9 $2,305,000 $256,111 $0 4.14%
    Over 100% 3 $1,175,000 $391,667 $0 3.75%
    Under 20% 3 $515,000 $171,667 $0 3.67%