Nascoga Federal Credit Union Mortgage Rates, Fees & Info
Gainesville, TXLEI: 254900EQ7TPQ6NBKRF55
Tax ID: 75-0974099
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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.
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Originations
54Origination Dollar Volume (All Markets)
$10,270,000Top 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) | 35 | $6,015,000 | $171,857 | $0 | 4.36% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 13 | $3,445,000 | $265,000 | $0 | 4.56% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 4 | $690,000 | $172,500 | $0 | 5.31% |
| Outside of Metro Areas | 2 | $120,000 | $60,000 | $0 | 4.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 54 | $10,270,000 | $190,185 | $0 | 4.47% |
For 2022, Nascoga Federal Credit Union's most frequently originated type of loan was Conventional, with 54 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Other | 53 | $10,215,000 | $192,736 | $0 | 4.48% |
| Cash Out Refi | 1 | $55,000 | $55,000 | $0 | 3.75% |
For 2022, Nascoga Federal Credit Union's most frequently cited loan purpose was Other, with 53 originations. The 2nd most popular reason was Cash Out Refi, with 1 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 15 Year | 44 | $7,380,000 | $167,727 | $0 | 4.52% |
| Other | 9 | $2,765,000 | $307,222 | $0 | 4.31% |
| 10 Year | 1 | $125,000 | $125,000 | $0 | 3.75% |
For 2022, Nascoga Federal Credit Union's most frequently cited loan duration was 15 Year, with 44 originations. The 2nd most popular length was Other, with 9 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 25 | $4,985,000 | $199,400 |
| 4-5% | 20 | $3,580,000 | $179,000 |
| 5-6% | 5 | $1,315,000 | $263,000 |
| 6-7% | 2 | $230,000 | $115,000 |
| 7-8% | 2 | $160,000 | $80,000 |
During 2022, Nascoga Federal Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 3-4%, with 25 originations.
Loan Sizing
2022 saw Nascoga Federal Credit Union place emphasis on $100k-200k loans with 19 originations, totaling $2,665,000 in origination value.
Applicant Income
Nascoga Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 10 originations. The second most popular income band? $250k+, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30-36% | 2 | $360,000 | $180,000 | $0 | 5.38% |
Nascoga Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 2 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 53 | $10,115,000 | $190,849 | $0 | 4.44% |
| Asian | 1 | $155,000 | $155,000 | $0 | 5.75% |
Approval Rates
Total approvals of all applications100.00%
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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 54 | $10,270,000 | $190,185 |