Concho Educators Federal Credit Union Mortgage Rates, Fees & Info

San Angelo, TX

LEI: 5493004TN1RD20MW1Y08

Tax ID: 75-0803279

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

    Concho Educators Federal Credit Union is a smaller credit union specializing in Cash Out Refi loans. Concho Educators Federal Credit Union has a high proportion of conventional loans. Their top (well, only) market is San Angelo.

    Concho Educators Federal Credit Union has an above average approval rate when compared to the average across all lenders.

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    Originations

    16

    Origination Dollar Volume (All Markets)

    $1,350,000

    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
    SAN ANGELO, TX (FHA|USDA|VA) 15 $1,325,000 $88,333 $790 4.23%
    Outside of Metro Areas 1 $25,000 $25,000 $765 4.00%
    Concho Educators Federal Credit Union's top markets include and San Angelo among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 16 $1,350,000 $84,375 $789 4.22%

    For 2022, Concho Educators Federal Credit Union's most frequently originated type of loan was Conventional, with 16 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 16 $1,350,000 $84,375 $789 4.22%

    For 2022, Concho Educators Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 16 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 5 $165,000 $33,000 $765 4.00%
    15 Year 5 $435,000 $87,000 $769 4.05%
    20 Year 5 $715,000 $143,000 $837 4.70%
    5 Year 1 $35,000 $35,000 $765 3.75%

    For 2022, Concho Educators Federal Credit Union's most frequently cited loan duration was 10 Year, with 5 originations. The 2nd most popular length was 15 Year, with 5 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 8 $850,000 $106,250
    3-4% 7 $355,000 $50,714
    5-6% 1 $145,000 $145,000

    During 2022, Concho Educators Federal Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 8 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 10 $440,000 $44,000 $767 4.10%
    $100k-200k 5 $705,000 $141,000 $837 4.40%
    $200k-400k 1 $205,000 $205,000 $765 4.50%

    2022 saw Concho Educators Federal Credit Union place emphasis on $100,000 or less loans with 10 originations, totaling $440,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 5 $425,000 $85,000 $837 4.50%
    $50k or less 4 $230,000 $57,500 $765 4.13%
    $100k-150k 3 $285,000 $95,000 $765 4.25%
    $150k-250k 2 $320,000 $160,000 $765 3.88%
    $75k-100k 2 $90,000 $45,000 $775 4.00%

    Concho Educators Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 5 originations. The second most popular income band? $50k or less, with 4 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 5 $205,000 $41,000 $765 4.05%
    30-36% 5 $705,000 $141,000 $837 4.30%
    <20% 2 $80,000 $40,000 $775 4.13%
    41% 2 $240,000 $120,000 $765 4.38%
    37% 1 $55,000 $55,000 $765 4.25%
    40% 1 $65,000 $65,000 $765 4.50%

    Concho Educators Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 5 originations. The next most common DTI ratio? 30-36%, with 5 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 16 $1,350,000 $84,375 $789 4.22%

    Approval Rates

    Total approvals of all applications
    94.12%

    Concho Educators Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    NA 16 $1,350,000 $84,375

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    16 $1,350,000 $84,375

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2 $120,000 $60,000 $765 4.38%
    40-60% 4 $160,000 $40,000 $770 4.06%
    60-80% 6 $640,000 $106,667 $825 4.29%
    80-100% 2 $370,000 $185,000 $765 4.50%
    Under 20% 2 $60,000 $30,000 $765 3.88%