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

Review & Overview

Energy Capital Credit Union is a smaller credit union specializing in Home Purchase 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 an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. They typically have relatively high rates.

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%	11/21/24
15 Year Conventional Purchase	6.62%	11/21/24
15 Year Conventional Refi	5.68%	11/21/24
15 Year Cash-out Refi	5.68%	11/21/24
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

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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

Origination Dollar Volume (All Markets)

$3,850,000

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)	52	$3,850,000	$74,038	$682	4.77%

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	52	$3,850,000	$74,038	$682	4.77%

For 2020, Energy Capital Credit Union's most frequently originated type of loan was Conventional, with 52 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	29	$1,905,000	$65,690	$776	5.31%
Home Improvement	12	$1,030,000	$85,833	$607	4.20%
Other	6	$560,000	$93,333	$909	4.01%
Refi	5	$355,000	$71,000	$570	3.92%

For 2020, Energy Capital Credit Union's most frequently cited loan purpose was Home Purchase, with 29 originations. The 2nd most popular reason was Home Improvement, with 12 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
15 Year	50	$3,670,000	$73,400	$682	4.75%
30 Year	2	$180,000	$90,000	$0	5.25%

For 2020, Energy Capital Credit Union's most frequently cited loan duration was 15 Year, with 50 originations. The 2nd most popular length was 30 Year, with 2 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	23	$1,735,000	$75,435
$1k-2k	1	$255,000	$255,000

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 23 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
5-6%	23	$1,595,000	$69,348
4-5%	17	$995,000	$58,529
3-4%	11	$1,175,000	$106,818
6-7%	1	$85,000	$85,000

During 2020, Energy Capital Credit Union's average interest rate for loans was 5.25%, while their most frequently originated rate bucket for loans was 5-6%, with 23 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	48	$3,200,000	$66,667	$577	4.80%
$100k-200k	3	$395,000	$131,667	$1,621	4.67%
$200k-400k	1	$255,000	$255,000	$2,046	3.50%

2020 saw Energy Capital Credit Union place emphasis on $100,000 or less loans with 48 originations, totaling $3,200,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$150k-250k	18	$1,570,000	$87,222	$771	4.95%
$250k+	15	$1,025,000	$68,333	$426	4.90%
$100k-150k	6	$420,000	$70,000	$1,021	4.87%
$50k-75k	6	$340,000	$56,667	$619	4.57%
$50k or less	4	$260,000	$65,000	$679	4.08%
$75k-100k	3	$235,000	$78,333	$809	4.11%

Energy Capital Credit Union lent most frequently to those with incomes in the $150k-250k range, with 18 originations. The second most popular income band? $250k+, with 15 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
<20%	35	$2,635,000	$75,286	$894	5.02%
20-30%	8	$560,000	$70,000	$554	4.29%
45%	3	$205,000	$68,333	$614	3.88%
44%	2	$120,000	$60,000	$638	4.54%
48%	1	$45,000	$45,000	$336	4.60%
30-36%	1	$95,000	$95,000	$636	4.72%
39%	1	$95,000	$95,000	$611	4.34%
40%	1	$95,000	$95,000	$629	3.50%

Energy Capital Credit Union lent most frequently to those with DTI ratios of <20%, with 35 originations. The next most common DTI ratio? 20-30%, with 8 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	42	$2,990,000	$71,190	$689	4.86%
Not provided	6	$440,000	$73,333	$521	4.49%
Black	4	$420,000	$105,000	$912	4.21%

Approval Rates

Total approvals of all applications
87.13%

Energy Capital Credit Union has an average approval rate.

Pick Rate

Approvals leading to origination
36.54%

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	52	$3,850,000	$74,038

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Single Family (1-4 Units):Site-Built	52	$3,850,000	$74,038

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	5	$505,000	$101,000	$850	3.98%
40-60%	3	$255,000	$85,000	$692	3.97%
60-80%	4	$460,000	$115,000	$991	3.71%
80-100%	1	$65,000	$65,000	$1,281	4.44%
Under 20%	39	$2,565,000	$65,769	$435	5.05%

Complaints

Bank Name	Product	Issue	2020 CPFB Complaints	% of Total Issues
Emerge Financial Services, Inc.	Conventional home mortgage	Closing on a mortgage	1	100.0%