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 Other and Home Improvement loans. Energy Capital Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Houston, Brenham, and Brownsville among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    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 about average rates.

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    Originations

    53

    Origination Dollar Volume (All Markets)

    $3,815,000

    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) 49 $3,535,000 $72,143 $776 5.45%
    Brenham, TX (FHA|USDA|VA) 2 $150,000 $75,000 $459 4.58%
    BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $65,000 $65,000 $436 5.90%
    Outside of Metro Areas 1 $65,000 $65,000 $0 4.25%
    Energy Capital Credit Union's top markets include Houston, Brenham, and Brownsville among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 53 $3,815,000 $71,981 $746 5.40%

    For 2022, Energy Capital Credit Union's most frequently originated type of loan was Conventional, with 53 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 28 $2,000,000 $71,429 $748 5.70%
    Home Improvement 19 $1,285,000 $67,632 $782 5.20%
    Home Purchase 6 $530,000 $88,333 $0 4.66%

    For 2022, Energy Capital Credit Union's most frequently cited loan purpose was Other, with 28 originations. The 2nd most popular reason was Home Improvement, with 19 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 50 $3,600,000 $72,000 $755 5.44%
    10 Year 1 $45,000 $45,000 $336 5.33%
    20 Year 1 $75,000 $75,000 $0 4.75%
    30 Year 1 $95,000 $95,000 $0 4.50%

    For 2022, Energy Capital Credit Union's most frequently cited loan duration was 15 Year, with 50 originations. The 2nd most popular length was 10 Year, with 1 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 47 $3,095,000 $65,851
    $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 47 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 20 $1,360,000 $68,000
    5-6% 15 $1,135,000 $75,667
    6-7% 11 $705,000 $64,091
    3-4% 4 $460,000 $115,000
    Over 8% 2 $120,000 $60,000
    7-8% 1 $35,000 $35,000

    During 2022, Energy Capital Credit Union's average interest rate for loans was 4.50%, while their most frequently originated rate bucket for loans was 4-5%, with 20 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 49 $3,175,000 $64,796 $515 5.48%
    $100k-200k 3 $385,000 $128,333 $3,244 3.98%
    $200k-400k 1 $255,000 $255,000 $6,140 6.00%

    2022 saw Energy Capital Credit Union place emphasis on $100,000 or less loans with 49 originations, totaling $3,175,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 14 $970,000 $69,286 $701 5.23%
    $150k-250k 12 $970,000 $80,833 $1,078 5.56%
    $75k-100k 10 $710,000 $71,000 $642 6.08%
    $50k-75k 9 $585,000 $65,000 $725 4.89%
    $250k+ 6 $500,000 $83,333 $496 5.19%
    $50k or less 2 $80,000 $40,000 $324 5.31%

    Energy Capital Credit Union lent most frequently to those with incomes in the $100k-150k range, with 14 originations. The second most popular income band? $150k-250k, with 12 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 16 $1,150,000 $71,875 $1,042 5.24%
    <20% 15 $1,145,000 $76,333 $484 5.07%
    30-36% 4 $300,000 $75,000 $590 5.66%
    50-60% 3 $215,000 $71,667 $1,253 5.37%
    40% 3 $185,000 $61,667 $445 6.30%
    43% 3 $215,000 $71,667 $662 5.71%
    42% 2 $160,000 $80,000 $536 5.14%
    41% 2 $140,000 $70,000 $482 4.89%
    44% 1 $65,000 $65,000 $436 5.90%
    48% 1 $45,000 $45,000 $549 8.43%
    49% 1 $95,000 $95,000 $1,102 5.43%
    47% 1 $35,000 $35,000 $286 6.00%
    37% 1 $65,000 $65,000 $441 5.85%

    Energy Capital Credit Union lent most frequently to those with DTI ratios of 20-30%, with 16 originations. The next most common DTI ratio? <20%, with 15 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 39 $2,895,000 $74,231 $829 5.47%
    Black 6 $460,000 $76,667 $615 5.53%
    Not provided 7 $415,000 $59,286 $386 5.14%
    Asian 1 $45,000 $45,000 $336 4.09%

    Approval Rates

    Total approvals of all applications
    74.34%

    Energy Capital Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    41.51%

    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 53 $3,815,000 $71,981

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    53 $3,815,000 $71,981

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 14 $1,330,000 $95,000 $1,275 5.63%
    40-60% 3 $285,000 $95,000 $638 4.57%
    60-80% 1 $155,000 $155,000 $3,598 3.58%
    Under 20% 35 $2,045,000 $58,429 $442 5.44%