Energy Capital Credit Union Mortgage Rates, Fees & Info

Houston, TX

LEI: 5493007X0QZ825CCEZ27

Tax ID: 74-1110016

Latest/2024 | 2023 Data | 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

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

    Energy Capital Credit Union has a below 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

    24

    Origination Dollar Volume (All Markets)

    $1,550,000

    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) 24 $1,550,000 $64,583 $553 5.22%
    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 24 $1,550,000 $64,583 $553 5.22%

    For 2019, Energy Capital Credit Union's most frequently originated type of loan was Conventional, with 24 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 8 $500,000 $62,500 $246 5.65%
    Other 8 $490,000 $61,250 $622 5.30%
    Home Improvement 6 $370,000 $61,667 $392 4.68%
    Refi 2 $190,000 $95,000 $1,064 4.75%

    For 2019, Energy Capital Credit Union's most frequently cited loan purpose was Home Purchase, with 8 originations. The 2nd most popular reason was Other, with 8 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 24 $1,550,000 $64,583 $553 5.22%

    For 2019, Energy Capital Credit Union's most frequently cited loan duration was 15 Year, with 24 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 18 $1,220,000 $67,778

    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 18 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 12 $620,000 $51,667
    4-5% 11 $845,000 $76,818
    6-7% 1 $85,000 $85,000

    During 2019, Energy Capital Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 12 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 24 $1,550,000 $64,583 $553 5.22%

    2019 saw Energy Capital Credit Union place emphasis on $100,000 or less loans with 24 originations, totaling $1,550,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 7 $405,000 $57,857 $617 5.10%
    $75k-100k 6 $430,000 $71,667 $741 5.06%
    $100k-150k 4 $210,000 $52,500 $134 5.50%
    $250k+ 4 $340,000 $85,000 $505 5.65%
    $50k or less 2 $130,000 $65,000 $430 4.69%
    $150k-250k 1 $35,000 $35,000 $278 5.13%

    Energy Capital Credit Union lent most frequently to those with incomes in the $50k-75k range, with 7 originations. The second most popular income band? $75k-100k, with 6 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 13 $785,000 $60,385 $415 5.31%
    20-30% 3 $195,000 $65,000 $412 5.09%
    50-60% 2 $130,000 $65,000 $433 5.12%
    30-36% 2 $170,000 $85,000 $989 4.68%
    41% 1 $95,000 $95,000 $1,826 4.95%
    44% 1 $35,000 $35,000 $254 5.95%
    49% 1 $45,000 $45,000 $292 5.63%
    40% 1 $95,000 $95,000 $592 4.72%

    Energy Capital Credit Union lent most frequently to those with DTI ratios of <20%, with 13 originations. The next most common DTI ratio? 20-30%, with 3 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 15 $955,000 $63,667 $586 5.42%
    Black 4 $280,000 $70,000 $442 4.76%
    Not provided 4 $220,000 $55,000 $575 5.01%
    Asian 1 $95,000 $95,000 $592 4.85%

    Approval Rates

    Total approvals of all applications
    61.54%

    Energy Capital Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    NA 24 $1,550,000 $64,583

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 24 $1,550,000 $64,583

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 5 $265,000 $53,000 $701 5.15%
    40-60% 2 $190,000 $95,000 $592 4.79%
    60-80% 4 $330,000 $82,500 $734 4.87%
    80-100% 1 $85,000 $85,000 $492 4.25%
    Under 20% 12 $680,000 $56,667 $305 5.51%