Government Employees Federal Credit Union Mortgage Rates, Fees & Info

Austin, TX

LEI: 5493005O0QVSV3RWRR20

Tax ID: 74-0650996

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

    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 two markets are Austin and Dallas .

    Government Employees Federal Credit Union has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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    Originations

    99

    Origination Dollar Volume (All Markets)

    $11,555,000

    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) 97 $11,315,000 $116,649 $0 4.06%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $205,000 $205,000 $0 3.65%
    Outside of Metro Areas 1 $35,000 $35,000 $0 3.15%
    Government Employees Federal Credit Union's top markets include Austin and Dallas 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 $11,555,000 $116,717 $0 4.05%

    For 2018, 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 $11,555,000 $116,717 $0 4.05%

    For 2018, 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 $11,555,000 $116,717 $0 4.05%

    For 2018, 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
    3-4% 69 $7,335,000 $106,304
    4-5% 20 $3,310,000 $165,500
    5-6% 4 $520,000 $130,000
    6-7% 4 $170,000 $42,500
    7-8% 2 $220,000 $110,000

    During 2018, Government Employees Federal Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 3-4%, with 69 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 55 $3,095,000 $56,273 $0 4.08%
    $100k-200k 28 $4,110,000 $146,786 $0 4.05%
    $200k-400k 15 $3,595,000 $239,667 $0 3.97%
    $600k-1MM 1 $755,000 $755,000 $0 3.65%

    2018 saw Government Employees Federal Credit Union place emphasis on $100,000 or less loans with 55 originations, totaling $3,095,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 36 $2,980,000 $82,778 $0 4.22%
    $100k-150k 19 $3,015,000 $158,684 $0 3.78%
    $150k-250k 16 $2,670,000 $166,875 $0 3.93%
    $50k or less 14 $1,130,000 $80,714 $0 4.01%
    $75k-100k 12 $1,240,000 $103,333 $0 4.21%
    $250k+ 2 $520,000 $260,000 $0 3.78%

    Government Employees Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 36 originations. The second most popular income band? $100k-150k, with 19 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 84 $10,120,000 $120,476 $0 4.06%
    Not provided 7 $735,000 $105,000 $0 3.86%
    Black 7 $665,000 $95,000 $0 4.26%
    Asian 1 $35,000 $35,000 $0 3.15%

    Approval Rates

    Total approvals of all applications
    98.04%

    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
    98.99%

    Government Employees Federal Credit Union has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 99 $11,555,000 $116,717

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 99 $11,555,000 $116,717