Bp Federal Credit Union Mortgage Rates, Fees & Info
HOUSTON, TXLEI: 54930076PACNHY6U9F09
Tax ID: 74-1110193
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Mortgage Data
Review & Overview
Bp Federal Credit Union is a smaller credit union specializing in Home Purchase and Refi loans. Bp Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Houston, Chicago, Baton Rouge, Austin, and Boston among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)Bp Federal Credit Union has an above average approval rate when compared to the average across all lenders.
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Originations
51Origination Dollar Volume (All Markets)
$10,565,000Top 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) | 35 | $7,275,000 | $207,857 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $620,000 | $310,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $0 | 0.00% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| TULSA, OK (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 51 | $10,565,000 | $207,157 | $0 | 0.00% |
For 2019, Bp Federal Credit Union's most frequently originated type of loan was Conventional, with 51 originations.
Loan Reason
For 2019, Bp Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 22 originations. The 2nd most popular reason was Refi, with 20 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 51 | $10,565,000 | $207,157 | $0 | 0.00% |
For 2019, Bp Federal Credit Union's most frequently cited loan duration was Other, with 51 originations.
Loan Sizing
2019 saw Bp Federal Credit Union place emphasis on $200k-400k loans with 16 originations, totaling $4,730,000 in origination value.
Applicant Income
Bp Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 18 originations. The second most popular income band? $100k-150k, with 15 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 51 | $10,565,000 | $207,157 | $0 | 0.00% |
Bp Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 51 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 45 | $9,255,000 | $205,667 | $0 | 0.00% |
| Asian | 5 | $1,165,000 | $233,000 | $0 | 0.00% |
| Black | 1 | $145,000 | $145,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications98.08%
Bp 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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 51 | $10,565,000 | $207,157 |