Government Employees Federal Credit Union Mortgage Rates, Fees & Info

Austin, TX

LEI: 5493005O0QVSV3RWRR20

Tax ID: 74-0650996

Latest/2024 | 2023 Data | 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

    Government Employees Federal Credit Union is a smaller credit union specializing in Cash Out Refi loans. Government Employees Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Austin, Houston, Dallas, San Antonio, and Texarkana among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Government Employees Federal Credit Union has an above average approval rate when compared to the average across all 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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    Originations

    99

    Origination Dollar Volume (All Markets)

    $13,065,000

    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
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 84 $11,370,000 $135,357 $0 5.67%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 6 $790,000 $131,667 $0 5.29%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 5 $465,000 $93,000 $0 5.50%
    Outside of Metro Areas 1 $255,000 $255,000 $0 5.50%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.50%
    TEXARKANA, TX-AR (FHA|USDA|VA) 1 $45,000 $45,000 $0 5.25%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $35,000 $35,000 $0 5.50%
    Government Employees Federal Credit Union's top markets include Austin, Houston, Dallas, San Antonio, and Texarkana among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 99 $13,065,000 $131,970 $0 5.63%

    For 2024, Government Employees Federal Credit Union's most frequently originated type of loan was Conventional, with 99 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 99 $13,065,000 $131,970 $0 5.63%

    For 2024, Government Employees Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 99 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 99 $13,065,000 $131,970 $0 5.63%

    For 2024, Government Employees Federal Credit Union's most frequently cited loan duration was Other, with 99 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 85 $12,085,000 $142,176
    4-5% 8 $280,000 $35,000
    Over 8% 4 $630,000 $157,500
    6-7% 2 $70,000 $35,000

    During 2024, Government Employees Federal Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 85 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 44 $2,610,000 $59,318 $0 5.56%
    $100k-200k 31 $4,195,000 $135,323 $0 5.61%
    $200k-400k 23 $5,855,000 $254,565 $0 5.77%
    $400k-600k 1 $405,000 $405,000 $0 6.00%

    2024 saw Government Employees Federal Credit Union place emphasis on $100,000 or less loans with 44 originations, totaling $2,610,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 29 $4,015,000 $138,448 $0 5.55%
    $75k-100k 20 $2,520,000 $126,000 $0 5.75%
    $100k-150k 18 $1,970,000 $109,444 $0 5.53%
    $250k+ 15 $2,555,000 $170,333 $0 5.43%
    $50k or less 9 $665,000 $73,889 $0 5.67%
    $50k-75k 8 $1,340,000 $167,500 $0 6.16%

    Government Employees Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 29 originations. The second most popular income band? $75k-100k, with 20 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 62 $8,510,000 $137,258 $0 5.68%
    Not provided 23 $2,675,000 $116,304 $0 5.49%
    Asian 8 $1,240,000 $155,000 $0 5.53%
    Black 6 $640,000 $106,667 $0 5.75%

    Approval Rates

    Total approvals of all applications
    100.00%

    Government Employees 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 origination

    Points and Fees

    Points Originations Total Value Average Loan
    NA 99 $13,065,000 $131,970

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    99 $13,065,000 $131,970