North East Texas Credit Union Mortgage Rates, Fees & Info

Lone Star, TX

LEI: 254900N91HZUUV8IZM62

Tax ID: 75-0830371

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    North East Texas Credit Union is a smaller credit union specializing in Home Purchase loans. North East Texas Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Longview, Dallas, Tyler, Texarkana, and Mount Pleasant among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    North East Texas Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.27% 3/24/24
    15 Year Conventional Purchase 5.68% 3/24/24
    15 Year Conventional Refi 7.12% 3/24/24
    15 Year Cash-out Refi 7.12% 3/24/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    North East Texas Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from North East Texas Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    59

    Origination Dollar Volume (All Markets)

    $6,755,000

    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
    Outside of Metro Areas 35 $3,025,000 $86,429 $1,903 6.07%
    LONGVIEW, TX (FHA|USDA|VA) 18 $2,430,000 $135,000 $1,849 5.39%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $705,000 $705,000 $5,816 4.00%
    TYLER, TX (FHA|USDA|VA) 2 $360,000 $180,000 $0 5.00%
    TEXARKANA, TX-AR (FHA|USDA|VA) 2 $170,000 $85,000 $2,141 5.75%
    Mount Pleasant, TX (FHA|USDA|VA) 1 $65,000 $65,000 $1,248 6.50%
    North East Texas Credit Union's top markets include Longview, Dallas, Tyler, Texarkana, and Mount Pleasant among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 59 $6,755,000 $114,492 $1,956 5.79%

    For 2019, North East Texas Credit Union's most frequently originated type of loan was Conventional, with 59 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 33 $4,485,000 $135,909 $2,444 5.18%
    Refi 11 $1,215,000 $110,455 $1,768 6.77%
    Other 9 $695,000 $77,222 $1,313 6.27%
    Home Improvement 4 $240,000 $60,000 $1,222 7.75%
    Cash Out Refi 2 $120,000 $60,000 $1,394 4.48%

    For 2019, North East Texas Credit Union's most frequently cited loan purpose was Home Purchase, with 33 originations. The 2nd most popular reason was Refi, with 11 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 27 $2,015,000 $74,630 $1,616 6.61%
    5 Year 24 $4,080,000 $170,000 $2,817 4.94%
    10 Year 5 $375,000 $75,000 $1,479 5.85%
    Other 3 $285,000 $95,000 $1,272 5.17%

    For 2019, North East Texas Credit Union's most frequently cited loan duration was 15 Year, with 27 originations. The 2nd most popular length was 5 Year, with 24 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 42 $4,600,000 $109,524

    North East Texas 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 42 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 28 $2,660,000 $95,000
    5-6% 10 $710,000 $71,000
    Over 8% 10 $650,000 $65,000
    3-4% 7 $2,435,000 $347,857
    6-7% 3 $165,000 $55,000
    7-8% 1 $135,000 $135,000

    During 2019, North East Texas 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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 37 $2,085,000 $56,351 $1,512 6.14%
    $100k-200k 13 $1,825,000 $140,385 $1,880 5.98%
    $200k-400k 7 $1,705,000 $243,571 $3,266 4.14%
    $400k-600k 1 $435,000 $435,000 $2,606 3.75%
    $600k-1MM 1 $705,000 $705,000 $5,816 4.00%

    2019 saw North East Texas Credit Union place emphasis on $100,000 or less loans with 37 originations, totaling $2,085,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 14 $1,550,000 $110,714 $2,079 5.43%
    $50k or less 12 $770,000 $64,167 $1,627 7.54%
    $75k-100k 12 $1,290,000 $107,500 $2,048 4.89%
    $50k-75k 10 $900,000 $90,000 $1,605 5.87%
    $150k-250k 9 $1,485,000 $165,000 $2,037 5.28%
    $250k+ 1 $705,000 $705,000 $5,816 4.00%

    North East Texas Credit Union lent most frequently to those with incomes in the $100k-150k range, with 14 originations. The second most popular income band? $50k or less, with 12 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 20 $2,440,000 $122,000 $1,990 6.18%
    30-36% 13 $1,675,000 $128,846 $2,035 5.38%
    <20% 7 $455,000 $65,000 $1,589 5.24%
    39% 3 $285,000 $95,000 $1,675 5.15%
    36% 3 $315,000 $105,000 $2,065 6.17%
    50-60% 3 $255,000 $85,000 $1,555 6.40%
    42% 2 $360,000 $180,000 $2,647 4.63%
    >60% 2 $180,000 $90,000 $1,569 6.63%
    41% 1 $205,000 $205,000 $2,825 4.00%
    37% 1 $205,000 $205,000 $2,421 5.00%
    46% 1 $175,000 $175,000 $3,043 5.00%
    38% 1 $65,000 $65,000 $1,248 6.50%
    40% 1 $85,000 $85,000 $1,402 8.75%

    North East Texas Credit Union lent most frequently to those with DTI ratios of 20-30%, with 20 originations. The next most common DTI ratio? 30-36%, with 13 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 52 $6,100,000 $117,308 $1,908 5.65%
    Asian 2 $230,000 $115,000 $2,172 7.00%
    Not provided 1 $205,000 $205,000 $3,334 4.50%
    Black 3 $165,000 $55,000 $2,123 7.57%
    Not applicable 1 $55,000 $55,000 $0 6.50%

    Approval Rates

    Total approvals of all applications
    75.00%

    North East Texas Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    57.63%

    North East Texas Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 59 $6,755,000 $114,492

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 2 $210,000 $105,000
    Single Family (1-4 Units):Site-Built 57 $6,545,000 $114,825

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 4 $180,000 $45,000 $1,372 8.13%
    40-60% 12 $930,000 $77,500 $1,425 6.28%
    60-80% 28 $3,630,000 $129,643 $2,078 5.77%
    80-100% 12 $1,800,000 $150,000 $2,728 4.75%
    Under 20% 3 $215,000 $71,667 $1,684 5.08%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    NORTHWEST BANCSHARES INC Other type of mortgage Trouble during payment process 1 100.0%