Energy Capital Credit Union Mortgage Rates, Fees & Info

Houston, TX

LEI: 5493007X0QZ825CCEZ27

Tax ID: 74-1110016

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Energy Capital Credit Union is a smaller credit union specializing in Other, Home Improvement, and Home Purchase loans. Energy Capital Credit Union has a high proportion of conventional loans. Their top (well, only) market is Houston.

Energy Capital Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar 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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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 5.40% 12/17/24
15 Year Conventional Purchase 6.62% 12/17/24
15 Year Conventional Refi 5.68% 12/17/24
15 Year Cash-out Refi 5.68% 12/17/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Energy Capital Credit Union Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Energy Capital Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

42

Origination Dollar Volume (All Markets)

$4,120,000

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
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 40 $3,950,000 $98,750 $1,756 7.69%
Outside of Metro Areas 2 $170,000 $85,000 $448 6.54%
Energy Capital Credit Union's top markets include and Houston among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 42 $4,120,000 $98,095 $1,720 7.63%

    For 2023, Energy Capital Credit Union's most frequently originated type of loan was Conventional, with 42 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 22 $2,080,000 $94,545 $2,032 7.87%
    Home Improvement 13 $1,095,000 $84,231 $1,245 7.66%
    Home Purchase 6 $860,000 $143,333 $0 6.62%
    Refi 1 $85,000 $85,000 $1,030 8.19%

    For 2023, Energy Capital Credit Union's most frequently cited loan purpose was Other, with 22 originations. The 2nd most popular reason was Home Improvement, with 13 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 37 $3,855,000 $104,189 $1,816 7.70%
    10 Year 3 $215,000 $71,667 $1,625 7.04%
    5 Year 2 $50,000 $25,000 $361 7.29%

    For 2023, Energy Capital Credit Union's most frequently cited loan duration was 15 Year, with 37 originations. The 2nd most popular length was 10 Year, with 3 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 31 $2,155,000 $69,516
    $1k-2k 4 $590,000 $147,500
    $5k+ 1 $515,000 $515,000

    Energy Capital Credit Union's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 31 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 16 $1,590,000 $99,375
    7-8% 15 $1,435,000 $95,667
    6-7% 11 $1,095,000 $99,545

    During 2023, Energy Capital Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 16 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 33 $2,255,000 $68,333 $870 7.75%
    $100k-200k 6 $870,000 $145,000 $6,100 7.19%
    $200k-400k 2 $480,000 $240,000 $0 6.75%
    $400k-600k 1 $515,000 $515,000 $10,543 8.23%

    2023 saw Energy Capital Credit Union place emphasis on $100,000 or less loans with 33 originations, totaling $2,255,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 13 $1,875,000 $144,231 $1,998 7.39%
    $100k-150k 9 $725,000 $80,556 $1,842 7.60%
    $150k-250k 9 $825,000 $91,667 $1,370 7.75%
    $75k-100k 7 $415,000 $59,286 $706 7.77%
    $50k-75k 4 $280,000 $70,000 $3,282 7.98%

    Energy Capital Credit Union lent most frequently to those with incomes in the $250k+ range, with 13 originations. The second most popular income band? $100k-150k, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 12 $1,700,000 $141,667 $2,529 6.94%
    20-30% 7 $525,000 $75,000 $963 7.80%
    50-60% 5 $365,000 $73,000 $2,839 8.28%
    30-36% 5 $535,000 $107,000 $2,249 7.88%
    49% 3 $305,000 $101,667 $2,090 7.84%
    47% 2 $140,000 $70,000 $821 7.85%
    44% 2 $130,000 $65,000 $796 7.93%
    45% 2 $160,000 $80,000 $960 7.61%
    38% 1 $45,000 $45,000 $536 6.91%
    42% 1 $25,000 $25,000 $349 8.83%
    48% 1 $95,000 $95,000 $1,136 8.20%
    41% 1 $95,000 $95,000 $1,109 7.66%

    Energy Capital Credit Union lent most frequently to those with DTI ratios of <20%, with 12 originations. The next most common DTI ratio? 20-30%, with 7 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 34 $3,420,000 $100,588 $1,877 7.58%
    Black 4 $440,000 $110,000 $936 7.51%
    Asian 2 $100,000 $50,000 $935 8.30%
    American Indian 1 $95,000 $95,000 $1,126 7.91%
    Not provided 1 $65,000 $65,000 $736 8.46%

    Approval Rates

    Total approvals of all applications
    73.00%

    Energy Capital Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    26.19%

    Energy Capital Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 42 $4,120,000 $98,095

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    42 $4,120,000 $98,095

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 12 $1,580,000 $131,667 $2,056 7.87%
    40-60% 2 $290,000 $145,000 $7,938 7.71%
    80-100% 1 $175,000 $175,000 $4,731 7.51%
    Under 20% 27 $2,075,000 $76,852 $849 7.52%