Credit Union Of Texas Mortgage Rates, Fees & Info
Plano, TXLEI: 254900Z5QRSHW4Y8CR51
Tax ID: 75-0225045
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Mortgage Data
Review & Overview
Credit Union Of Texas is a smaller credit union specializing in loans. Credit Union Of Texas has a low ratio of conventional loans.Their top markets by origination volume include: Dallas, Austin, Houston, San Antonio, and Sherman among others. We have data for 35 markets. (Some data included below & more in-depth data is available with an active subscription.)Credit Union Of Texas 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 3/24/23 |
| 30 Year Conventional Purchase | 7.53% | 3/24/23 |
| 30 Year Conventional Refi | 6.27% | 3/24/23 |
| 15 Year Conventional Purchase | 3.89% | 3/24/23 |
| 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. | ||
Originations
2,865Origination Dollar Volume (All Markets)
$381,475,000Top 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 |
|---|---|---|---|---|---|
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2,444 | $318,590,000 | $130,356 | $0 | 7.07% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 102 | $19,700,000 | $193,137 | $0 | 6.55% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 132 | $18,810,000 | $142,500 | $0 | 7.03% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 38 | $6,060,000 | $159,474 | $0 | 7.07% |
| Outside of Metro Areas | 23 | $3,595,000 | $156,304 | $5,247 | 6.81% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 19 | $2,245,000 | $118,158 | $0 | 7.51% |
| WACO, TX (FHA|USDA|VA) | 6 | $1,200,000 | $200,000 | $0 | 6.39% |
| Athens, TX (FHA|USDA|VA) | 8 | $1,200,000 | $150,000 | $0 | 6.38% |
| LONGVIEW, TX (FHA|USDA|VA) | 15 | $1,165,000 | $77,667 | $0 | 7.36% |
| TYLER, TX (FHA|USDA|VA) | 10 | $950,000 | $95,000 | $0 | 6.45% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 8 | $900,000 | $112,500 | $0 | 7.58% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 7 | $585,000 | $83,571 | $0 | 8.49% |
| Granbury, TX (FHA|USDA|VA) | 4 | $550,000 | $137,500 | $0 | 8.24% |
| Bonham, TX (FHA|USDA|VA) | 5 | $535,000 | $107,000 | $0 | 7.70% |
| MIDLAND, TX (FHA|USDA|VA) | 4 | $530,000 | $132,500 | $0 | 7.49% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $0 | 6.42% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 4 | $490,000 | $122,500 | $0 | 6.43% |
| Mount Pleasant, TX (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $0 | 5.90% |
| EL PASO, TX (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $0 | 8.48% |
| Gainesville, TX (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $0 | 7.55% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 3 | $325,000 | $108,333 | $0 | 8.97% |
| Corsicana, TX (FHA|USDA|VA) | 3 | $305,000 | $101,667 | $0 | 6.47% |
| Sulphur Springs, TX (FHA|USDA|VA) | 3 | $265,000 | $88,333 | $0 | 6.27% |
| Brenham, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 6.60% |
| LUBBOCK, TX (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $0 | 7.28% |
| ODESSA, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 5.95% |
| LAREDO, TX (FHA|USDA|VA) | 3 | $155,000 | $51,667 | $0 | 9.18% |
| SAN ANGELO, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 5.90% |
| AMARILLO, TX (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $0 | 6.70% |
| Huntsville, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 6.25% |
| Palestine, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 9.15% |
| Fredericksburg, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 6.80% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 6.70% |
| Stephenville, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 5.70% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 7.45% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 2,862 | $380,660,000 | $133,005 | n/a | 7.06% |
| Conventional | 3 | $815,000 | $271,667 | $5,247 | 6.18% |
For 2022, Credit Union Of Texas's most frequently originated type of loan was HELOC, with 2,862 originations. Their 2nd most popular type was Conventional, with 3 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 2,861 | $380,385,000 | $132,955 | $0 | 7.06% |
| Home Purchase | 2 | $660,000 | $330,000 | $5,247 | 6.05% |
| Other | 2 | $430,000 | $215,000 | $0 | 4.45% |
For 2022, Credit Union Of Texas's most frequently cited loan purpose was Cash Out Refi, with 2,861 originations. The 2nd most popular reason was Home Purchase, with 2 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 2,864 | $380,870,000 | $132,985 | $0 | 7.06% |
| 15 Year | 1 | $605,000 | $605,000 | $5,247 | 2.50% |
For 2022, Credit Union Of Texas's most frequently cited loan duration was Other, with 2,864 originations. The 2nd most popular length was 15 Year, with 1 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 1 | $605,000 | $605,000 |
Credit Union Of Texas's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1 originations.
Interest Rates
During 2022, Credit Union Of Texas's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 916 originations.
Loan Sizing
2022 saw Credit Union Of Texas place emphasis on $100,000 or less loans with 1,326 originations, totaling $86,540,000 in origination value.
Applicant Income
Credit Union Of Texas lent most frequently to those with incomes in the $100k-150k range, with 817 originations. The second most popular income band? $150k-250k, with 763 originations.
Applicant Debt to Income Ratio
Credit Union Of Texas lent most frequently to those with DTI ratios of 20-30%, with 571 originations. The next most common DTI ratio? 30-36%, with 486 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications83.86%
Credit Union Of Texas has a below average approval rate.
Pick Rate
Approvals leading to origination85.76%
Credit Union Of Texas has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,865 | $381,475,000 | $133,150 |