Investex Credit Union Mortgage Rates, Fees & Info
Humble, TXLEI: 54930051L9BKHSHDSD90
Tax ID: 74-1325622
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Investex Credit Union is a smaller credit union specializing in Refi and Home Purchase loans. Investex Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Houston, Huntsville, Denver, San Antonio, and Austin among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Investex 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. Investex Credit Union is typically an average 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.
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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.41% | 3/24/24 |
| 30 Year Conventional Refi | 6.27% | 3/24/24 |
| 30 Year Cash-out Refi | 6.27% | 3/24/24 |
| 30 Year FHA Purchase | 6.27% | 3/24/24 |
| 30 Year FHA Refi | 7.55% | 3/24/24 |
| 15 Year Conventional Purchase | 5.68% | 3/24/24 |
| 15 Year Conventional Refi | 5.94% | 3/24/24 |
| 15 Year Cash-out Refi | 5.94% | 3/24/24 |
| 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. | ||
Investex Credit Union Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Investex Credit Union. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
30Origination Dollar Volume (All Markets)
$5,900,000Top 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) | 24 | $4,520,000 | $188,333 | $5,574 | 3.12% |
| Huntsville, TX (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $8,146 | 4.88% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $6,216 | 2.60% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $7,214 | 3.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $6,113 | 3.13% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,919 | 3.88% |
| Outside of Metro Areas | 1 | $75,000 | $75,000 | $3,760 | 2.88% |
Similar Lenders
We use machine learning to identify the top lenders compared against INVESTEX CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 522
Similarity Rank: 1140
Similarity Rank: 1140
Similarity Rank: 1265
Similarity Rank: 1480
Similarity Rank: 1508
Similarity Rank: 1524
Similarity Rank: 1824
Similarity Rank: 1848
Similarity Rank: 1895
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 30 | $5,900,000 | $196,667 | $5,638 | 3.17% |
For 2020, Investex Credit Union's most frequently originated type of loan was Conventional, with 30 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 18 | $3,600,000 | $200,000 | $5,452 | 3.14% |
| Home Purchase | 12 | $2,300,000 | $191,667 | $5,917 | 3.23% |
For 2020, Investex Credit Union's most frequently cited loan purpose was Refi, with 18 originations. The 2nd most popular reason was Home Purchase, with 12 originations.
Loan Duration/Length
For 2020, Investex Credit Union's most frequently cited loan duration was 30 Year, with 16 originations. The 2nd most popular length was 15 Year, with 11 originations.
Origination Fees/Closing Costs
Investex Credit Union's average total fees were $6,157, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 10 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 15 | $3,295,000 | $219,667 |
| 3-4% | 12 | $2,080,000 | $173,333 |
| 4-5% | 2 | $430,000 | $215,000 |
| <2.5% | 1 | $95,000 | $95,000 |
During 2020, Investex Credit Union's average interest rate for loans was 3.38%, while their most frequently originated rate bucket for loans was 2.5-3%, with 15 originations.
Loan Sizing
2020 saw Investex Credit Union place emphasis on $200k-400k loans with 11 originations, totaling $3,075,000 in origination value.
Applicant Income
Investex Credit Union lent most frequently to those with incomes in the $50k-75k range, with 14 originations. The second most popular income band? $75k-100k, with 5 originations.
Applicant Debt to Income Ratio
Investex Credit Union lent most frequently to those with DTI ratios of 20-30%, with 5 originations. The next most common DTI ratio? 41%, with 5 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications74.13%
Investex Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination-23.33%
Investex 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 | 30 | $5,900,000 | $196,667 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 30 | $5,900,000 | $196,667 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| INVESTORS BANK | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 4 | 33.3% |
| INVESTORS BANK | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 8.3% |
| INVESTORS BANK | Conventional home mortgage | Trouble during payment process | 5 | 41.7% |
| INVESTORS BANK | Conventional home mortgage | Struggling to pay mortgage | 1 | 8.3% |
| INVESTORS BANK | Conventional home mortgage | Incorrect information on your report | 1 | 8.3% |