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 Cash Out Refi loans. Their top markets by origination volume include: Dallas, Austin, Houston, San Antonio, and Sherman among others. We have data for 32 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% | 4/21/24 |
| 30 Year Conventional Purchase | 7.53% | 4/21/24 |
| 30 Year Conventional Refi | 6.27% | 4/21/24 |
| 15 Year Conventional Purchase | 3.89% | 4/21/24 |
| 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. | ||
Credit Union Of Texas Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,716Origination Dollar Volume (All Markets)
$199,640,000Top 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) | 1,470 | $165,140,000 | $112,340 | $0 | 5.41% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 66 | $12,190,000 | $184,697 | $0 | 4.96% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 79 | $10,995,000 | $139,177 | $0 | 5.28% |
| Outside of Metro Areas | 28 | $3,300,000 | $117,857 | $0 | 5.29% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 10 | $2,090,000 | $209,000 | $0 | 4.77% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 6 | $760,000 | $126,667 | $0 | 5.62% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 5 | $575,000 | $115,000 | $0 | 5.98% |
| EL PASO, TX (FHA|USDA|VA) | 6 | $500,000 | $83,333 | $0 | 5.46% |
| Granbury, TX (FHA|USDA|VA) | 5 | $485,000 | $97,000 | $0 | 5.24% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 4 | $400,000 | $100,000 | $0 | 5.41% |
| LONGVIEW, TX (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $0 | 4.75% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $0 | 4.88% |
| Mount Pleasant, TX (FHA|USDA|VA) | 4 | $370,000 | $92,500 | $0 | 5.93% |
| TYLER, TX (FHA|USDA|VA) | 5 | $325,000 | $65,000 | $0 | 5.27% |
| WACO, TX (FHA|USDA|VA) | 3 | $255,000 | $85,000 | $0 | 6.37% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 3 | $185,000 | $61,667 | $0 | 5.58% |
| Gainesville, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 4.20% |
| Pecos, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 6.25% |
| LAREDO, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 6.25% |
| MIDLAND, TX (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $0 | 5.95% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 4.25% |
| Levelland, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 6.25% |
| Big Spring, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 5.75% |
| Athens, TX (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $0 | 6.83% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 5.75% |
| Corsicana, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 5.75% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 5.50% |
| VICTORIA, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 5.70% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 6.70% |
| Bonham, TX (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 5.95% |
| Brenham, TX (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 5.95% |
| SAN ANGELO, TX (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 7.45% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 1,716 | $199,640,000 | $116,340 | n/a | 5.39% |
For 2021, Credit Union Of Texas's most frequently originated type of loan was HELOC, with 1,716 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 1,714 | $199,410,000 | $116,342 | $0 | 5.39% |
| Home Purchase | 2 | $230,000 | $115,000 | $0 | 4.85% |
For 2021, Credit Union Of Texas's most frequently cited loan purpose was Cash Out Refi, with 1,714 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 | 1,716 | $199,640,000 | $116,340 | $0 | 5.39% |
For 2021, Credit Union Of Texas's most frequently cited loan duration was Other, with 1,716 originations.
Interest Rates
During 2021, Credit Union Of Texas's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 727 originations.
Loan Sizing
2021 saw Credit Union Of Texas place emphasis on $100,000 or less loans with 981 originations, totaling $60,695,000 in origination value.
Applicant Income
Credit Union Of Texas lent most frequently to those with incomes in the $100k-150k range, with 395 originations. The second most popular income band? $150k-250k, with 383 originations.
Applicant Debt to Income Ratio
Credit Union Of Texas lent most frequently to those with DTI ratios of 20-30%, with 398 originations. The next most common DTI ratio? 30-36%, with 318 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.39%
Credit Union Of Texas has a below average approval rate.
Pick Rate
Approvals leading to origination77.80%
Credit Union Of Texas has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,716 | $199,640,000 | $116,340 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Credit Union Mortgage Association, Inc. | Conventional home mortgage | Trouble during payment process | 1 | 100.0% |