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: Mount Pleasant, Longview, Ardmore, Sulphur Springs, and Lubbock among others. We have data for 7 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

    56

    Origination Dollar Volume (All Markets)

    $8,710,000

    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 39 $4,945,000 $126,795 $2,035 4.47%
    Mount Pleasant, TX (FHA|USDA|VA) 8 $1,810,000 $226,250 $1,987 4.97%
    LONGVIEW, TX (FHA|USDA|VA) 5 $765,000 $153,000 $2,144 4.45%
    Ardmore, OK (FHA|USDA|VA) 1 $655,000 $655,000 $0 4.75%
    Sulphur Springs, TX (FHA|USDA|VA) 1 $295,000 $295,000 $3,753 3.00%
    LUBBOCK, TX (FHA|USDA|VA) 1 $155,000 $155,000 $2,236 3.50%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $85,000 $85,000 $2,315 3.75%
    North East Texas Credit Union's top markets include Mount Pleasant, Longview, Ardmore, Sulphur Springs, and Lubbock among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 56 $8,710,000 $155,536 $2,083 4.49%

    For 2021, North East Texas Credit Union's most frequently originated type of loan was Conventional, with 56 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 28 $5,100,000 $182,143 $2,638 4.17%
    Cash Out Refi 12 $1,350,000 $112,500 $1,668 4.75%
    Other 9 $1,085,000 $120,556 $1,596 5.61%
    Refi 7 $1,175,000 $167,857 $1,605 3.86%

    For 2021, North East Texas Credit Union's most frequently cited loan purpose was Home Purchase, with 28 originations. The 2nd most popular reason was Cash Out Refi, with 12 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    5 Year 20 $4,740,000 $237,000 $2,587 4.00%
    15 Year 15 $1,715,000 $114,333 $2,043 4.73%
    20 Year 11 $1,375,000 $125,000 $2,064 4.75%
    10 Year 10 $880,000 $88,000 $1,453 4.80%

    For 2021, North East Texas Credit Union's most frequently cited loan duration was 5 Year, with 20 originations. The 2nd most popular length was 15 Year, with 15 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 46 $5,400,000 $117,391

    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 46 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 22 $2,890,000 $131,364
    3-4% 19 $3,655,000 $192,368
    2.5-3% 6 $1,610,000 $268,333
    7-8% 3 $115,000 $38,333
    6-7% 3 $195,000 $65,000
    5-6% 2 $140,000 $70,000
    Over 8% 1 $105,000 $105,000

    During 2021, 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 22 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 30 $1,750,000 $58,333 $1,544 4.83%
    $100k-200k 13 $1,795,000 $138,077 $2,271 4.33%
    $200k-400k 9 $2,385,000 $265,000 $2,802 3.94%
    $400k-600k 2 $910,000 $455,000 $4,723 3.25%
    $1MM+ 1 $1,215,000 $1,215,000 $0 3.50%
    $600k-1MM 1 $655,000 $655,000 $0 4.75%

    2021 saw North East Texas Credit Union place emphasis on $100,000 or less loans with 30 originations, totaling $1,750,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 18 $2,830,000 $157,222 $2,502 4.21%
    $50k-75k 11 $1,055,000 $95,909 $2,076 4.45%
    $75k-100k 9 $795,000 $88,333 $1,790 4.42%
    $150k-250k 7 $1,105,000 $157,857 $2,116 4.71%
    $50k or less 6 $480,000 $80,000 $1,530 5.42%
    $250k+ 1 $355,000 $355,000 $2,557 3.50%

    North East Texas Credit Union lent most frequently to those with incomes in the $100k-150k range, with 18 originations. The second most popular income band? $50k-75k, with 11 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 17 $1,925,000 $113,235 $1,851 4.31%
    30-36% 14 $1,840,000 $131,429 $2,222 4.18%
    <20% 7 $425,000 $60,714 $1,915 5.11%
    41% 2 $290,000 $145,000 $1,778 5.00%
    50-60% 2 $410,000 $205,000 $2,521 4.00%
    37% 2 $440,000 $220,000 $2,793 4.00%
    38% 2 $420,000 $210,000 $2,653 3.75%
    48% 2 $160,000 $80,000 $1,387 5.25%
    43% 1 $105,000 $105,000 $1,568 8.50%
    45% 1 $125,000 $125,000 $1,780 4.50%
    36% 1 $75,000 $75,000 $0 4.50%
    49% 1 $255,000 $255,000 $2,727 5.00%
    42% 1 $205,000 $205,000 $3,258 4.50%

    North East Texas Credit Union lent most frequently to those with DTI ratios of 20-30%, with 17 originations. The next most common DTI ratio? 30-36%, with 14 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 49 $6,405,000 $130,714 $2,106 4.54%
    Not applicable 4 $2,090,000 $522,500 $1,159 4.44%
    American Indian 2 $130,000 $65,000 $1,898 3.75%
    Black 1 $85,000 $85,000 $2,315 3.75%

    Approval Rates

    Total approvals of all applications
    70.21%

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

    Pick Rate

    Approvals leading to origination
    26.79%

    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 56 $8,710,000 $155,536

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    56 $8,710,000 $155,536

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 10 $580,000 $58,000 $1,633 4.43%
    40-60% 16 $1,990,000 $124,375 $1,861 5.02%
    60-80% 14 $3,750,000 $267,857 $2,459 4.21%
    80-100% 16 $2,390,000 $149,375 $2,314 4.23%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    NORTHWEST BANCSHARES INC Conventional home mortgage Struggling to pay mortgage 1 11.1%
    NORTHWEST BANCSHARES INC Conventional home mortgage Trouble during payment process 5 55.6%
    NORTHWEST BANCSHARES INC Home equity loan or line of credit (HELOC) Trouble during payment process 1 11.1%
    NORTHWEST BANCSHARES INC Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 11.1%
    NORTHWEST BANCSHARES INC Other type of mortgage Struggling to pay mortgage 1 11.1%