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 markets by origination volume include: Austin, Dallas, San Antonio, Houston, and Killeen among others. We have data for 6 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

    135

    Origination Dollar Volume (All Markets)

    $17,495,000

    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) 127 $16,655,000 $131,142 $0 3.72%
    Outside of Metro Areas 2 $350,000 $175,000 $0 3.63%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $185,000 $185,000 $0 3.50%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 3 $155,000 $51,667 $0 3.50%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $125,000 $125,000 $0 3.75%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $25,000 $25,000 $0 3.25%
    Government Employees Federal Credit Union's top markets include Austin, Dallas, San Antonio, Houston, and Killeen among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 135 $17,495,000 $129,593 $0 3.71%

    For 2022, Government Employees Federal Credit Union's most frequently originated type of loan was Conventional, with 135 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 135 $17,495,000 $129,593 $0 3.71%

    For 2022, Government Employees Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 135 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 135 $17,495,000 $129,593 $0 3.71%

    For 2022, Government Employees Federal Credit Union's most frequently cited loan duration was Other, with 135 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 105 $13,045,000 $124,238
    4-5% 21 $4,055,000 $193,095
    2.5-3% 7 $255,000 $36,429
    6-7% 2 $140,000 $70,000

    During 2022, 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 105 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 59 $3,315,000 $56,186 $0 3.64%
    $100k-200k 46 $6,470,000 $140,652 $0 3.68%
    $200k-400k 30 $7,710,000 $257,000 $0 3.89%

    2022 saw Government Employees Federal Credit Union place emphasis on $100,000 or less loans with 59 originations, totaling $3,315,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 37 $5,785,000 $156,351 $0 3.65%
    $100k-150k 31 $3,945,000 $127,258 $0 3.69%
    $50k-75k 25 $2,425,000 $97,000 $0 3.65%
    $75k-100k 20 $2,810,000 $140,500 $0 3.69%
    $50k or less 15 $1,325,000 $88,333 $0 4.05%
    $250k+ 7 $1,205,000 $172,143 $0 3.68%

    Government Employees Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 37 originations. The second most popular income band? $100k-150k, with 31 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 93 $12,705,000 $136,613 $0 3.77%
    Not provided 22 $2,570,000 $116,818 $0 3.50%
    Asian 10 $1,400,000 $140,000 $0 3.53%
    Black 10 $820,000 $82,000 $0 3.80%

    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 135 $17,495,000 $129,593

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    135 $17,495,000 $129,593