Bp Federal Credit Union Mortgage Rates, Fees & Info
HOUSTON, TXLEI: 54930076PACNHY6U9F09
Tax ID: 74-1110193
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Bp Federal Credit Union is a smaller credit union specializing in Refi, Home Purchase, and Cash Out Refi loans. Bp Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Houston, Chicago, Boston, Tulsa, and Dallas among others. We have data for 12 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
85Origination Dollar Volume (All Markets)
$23,795,000Top 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) | 71 | $19,895,000 | $280,211 | $3,048 | 3.30% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 3 | $925,000 | $308,333 | $0 | 2.75% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $695,000 | $695,000 | $0 | 3.38% |
| TULSA, OK (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 2.75% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 2.75% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 2.88% |
| Outside of Metro Areas | 2 | $290,000 | $145,000 | $0 | 3.13% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 3.50% |
| CHARLESTON, WV (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| TYLER, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 5.00% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 2.50% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 2.63% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 85 | $23,795,000 | $279,941 | $3,048 | 3.26% |
For 2021, Bp Federal Credit Union's most frequently originated type of loan was Conventional, with 85 originations.
Loan Reason
For 2021, Bp Federal Credit Union's most frequently cited loan purpose was Refi, with 34 originations. The 2nd most popular reason was Home Purchase, with 29 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 85 | $23,795,000 | $279,941 | $3,048 | 3.26% |
For 2021, Bp Federal Credit Union's most frequently cited loan duration was Other, with 85 originations.
Origination Fees/Closing Costs
Bp Federal Credit Union's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 19 originations.
Interest Rates
During 2021, Bp Federal Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 2.5-3%, with 38 originations.
Loan Sizing
2021 saw Bp Federal Credit Union place emphasis on $100k-200k loans with 27 originations, totaling $4,065,000 in origination value.
Applicant Income
Bp Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 43 originations. The second most popular income band? $100k-150k, with 15 originations.
Applicant Debt to Income Ratio
Bp Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 26 originations. The next most common DTI ratio? <20%, with 24 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
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 |
|---|---|---|---|
| NA | 85 | $23,795,000 | $279,941 |