Energy One Federal Credit Union Mortgage Rates, Fees & Info

Tulsa, OK

LEI: 54930013MXTMNAENKY84

Tax ID: 73-0589767

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

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

    Energy One Federal Credit Union is a smaller credit union specializing in Cash Out Refi, Refi, and Home Purchase loans. Energy One Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Houston, Tulsa, Fernley, and Dallas among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Energy One Federal 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. Energy One Federal Credit Union is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

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    Originations

    19

    Origination Dollar Volume (All Markets)

    $5,175,000

    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
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 6 $2,190,000 $365,000 $3,565 2.98%
    TULSA, OK (FHA|USDA|VA) 6 $1,470,000 $245,000 $1,606 2.92%
    Outside of Metro Areas 5 $1,145,000 $229,000 $1,288 2.68%
    Fernley, NV (FHA|USDA|VA) 1 $275,000 $275,000 $5,070 3.50%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $95,000 $95,000 $2,458 2.88%
    Energy One Federal Credit Union's top markets include Houston, Tulsa, Fernley, and Dallas among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 19 $5,175,000 $272,368 $2,368 2.90%

    For 2021, Energy One Federal Credit Union's most frequently originated type of loan was Conventional, with 19 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 8 $2,230,000 $278,750 $1,256 2.80%
    Refi 6 $1,120,000 $186,667 $2,116 2.85%
    Home Purchase 5 $1,825,000 $365,000 $4,449 3.13%

    For 2021, Energy One Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 8 originations. The 2nd most popular reason was Refi, with 6 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 8 $1,200,000 $150,000 $669 2.59%
    30 Year 7 $3,295,000 $470,714 $4,429 3.32%
    10 Year 2 $520,000 $260,000 $2,059 2.69%
    20 Year 2 $160,000 $80,000 $2,257 2.88%

    For 2021, Energy One Federal Credit Union's most frequently cited loan duration was 15 Year, with 8 originations. The 2nd most popular length was 30 Year, with 7 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 18 $4,900,000 $272,222
    $3k-4k 1 $275,000 $275,000

    Energy One Federal Credit Union's average total fees were $4,429, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 18 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 11 $2,235,000 $203,182
    <2.5% 4 $660,000 $165,000
    3-4% 4 $2,280,000 $570,000

    During 2021, Energy One Federal Credit Union's average interest rate for loans was 3.32%, while their most frequently originated rate bucket for loans was 2.5-3%, with 11 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 6 $1,760,000 $293,333 $2,688 2.85%
    $100,000 or less 5 $375,000 $75,000 $1,168 2.73%
    $100k-200k 4 $620,000 $155,000 $1,368 2.63%
    $400k-600k 2 $820,000 $410,000 $4,079 3.13%
    $600k-1MM 2 $1,600,000 $800,000 $4,696 3.81%

    2021 saw Energy One Federal Credit Union place emphasis on $200k-400k loans with 6 originations, totaling $1,760,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 5 $1,515,000 $303,000 $2,052 2.78%
    $75k-100k 4 $870,000 $217,500 $3,025 2.78%
    $100k-150k 3 $505,000 $168,333 $2,228 2.92%
    $250k+ 3 $1,985,000 $661,667 $3,517 3.42%
    $50k-75k 3 $205,000 $68,333 $980 2.75%
    $50k or less 1 $95,000 $95,000 $2,458 2.88%

    Energy One Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 5 originations. The second most popular income band? $75k-100k, with 4 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 9 $3,225,000 $358,333 $2,066 2.90%
    30-36% 4 $880,000 $220,000 $3,760 3.09%
    <20% 3 $325,000 $108,333 $527 2.58%
    36% 1 $95,000 $95,000 $2,458 2.88%
    39% 1 $235,000 $235,000 $4,115 3.00%
    48% 1 $415,000 $415,000 $3,203 3.00%

    Energy One Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 9 originations. The next most common DTI ratio? 30-36%, with 4 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 15 $4,565,000 $304,333 $2,540 2.96%
    American Indian 1 $245,000 $245,000 $721 2.63%
    Black 2 $230,000 $115,000 $1,607 2.69%
    Not provided 1 $135,000 $135,000 $2,958 2.75%

    Approval Rates

    Total approvals of all applications
    77.03%

    Energy One Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    47.37%

    Energy One Federal 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 19 $5,175,000 $272,368

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    19 $5,175,000 $272,368

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 5 $475,000 $95,000 $1,292 2.73%
    40-60% 4 $570,000 $142,500 $1,246 2.66%
    60-80% 9 $3,715,000 $412,778 $3,371 3.10%
    80-100% 1 $415,000 $415,000 $3,203 3.00%