Nizari Progressive Federal Credit Union Mortgage Rates, Fees & Info
SUGAR LAND, TXLEI: 54930047YAX7UHRKN043
Tax ID: 76-0286049
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Mortgage Data
Review & Overview
Nizari Progressive Federal Credit Union is a smaller credit union specializing in Home Purchase loans. Nizari Progressive Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Houston, Dallas, Austin, Beaumont, and Waco among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Nizari Progressive Federal Credit Union has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
49Origination Dollar Volume (All Markets)
$16,925,000Top 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 |
|---|---|---|---|---|---|
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 37 | $12,745,000 | $344,459 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 5 | $1,865,000 | $373,000 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 4 | $1,350,000 | $337,500 | $0 | 0.00% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $0 | 0.00% |
| WACO, TX (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Nizari Progressive Federal Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 49 | $16,925,000 | $345,408 | $0 | 0.00% |
For 2019, Nizari Progressive Federal Credit Union's most frequently originated type of loan was Conventional, with 49 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 28 | $11,330,000 | $404,643 | $0 | 0.00% |
| Refi | 11 | $3,325,000 | $302,273 | $0 | 0.00% |
| Cash Out Refi | 10 | $2,270,000 | $227,000 | $0 | 0.00% |
For 2019, Nizari Progressive Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 28 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 |
|---|---|---|---|---|---|
| Other | 49 | $16,925,000 | $345,408 | $0 | 0.00% |
For 2019, Nizari Progressive Federal Credit Union's most frequently cited loan duration was Other, with 49 originations.
Loan Sizing
2019 saw Nizari Progressive Federal Credit Union place emphasis on $200k-400k loans with 23 originations, totaling $6,815,000 in origination value.
Applicant Income
Nizari Progressive Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 17 originations. The second most popular income band? $100k-150k, with 14 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 49 | $16,925,000 | $345,408 | $0 | 0.00% |
Nizari Progressive Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 49 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Asian | 49 | $16,925,000 | $345,408 | $0 | 0.00% |
Approval Rates
Total approvals of all applications96.19%
Nizari Progressive Federal Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination10.20%
Nizari Progressive 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 |
|---|---|---|---|
| Exempt | 49 | $16,925,000 | $345,408 |