Abilene Teachers Federal Credit Union Mortgage Rates, Fees & Info
Abilene, TXLEI: 549300A8TEVE8WYT0T29
Tax ID: 75-0888860
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Abilene Teachers Federal Credit Union is a smaller credit union specializing in Cash Out Refi loans. Abilene Teachers Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Abilene, Granbury, Dallas, Lubbock, and Stephenville among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Abilene Teachers Federal 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
168Origination Dollar Volume (All Markets)
$16,560,000Top 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 |
|---|---|---|---|---|---|
| ABILENE, TX (FHA|USDA|VA) | 140 | $13,660,000 | $97,571 | $1,135 | 7.49% |
| Outside of Metro Areas | 12 | $1,070,000 | $89,167 | $1,224 | 6.89% |
| Granbury, TX (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $1,613 | 7.25% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 6 | $420,000 | $70,000 | $1,011 | 7.91% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $1,453 | 8.20% |
| Stephenville, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $1,450 | 6.85% |
| Sweetwater, TX (FHA|USDA|VA) | 4 | $200,000 | $50,000 | $1,231 | 7.25% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $1,418 | 6.75% |
| WACO, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $1,692 | 8.60% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $951 | 7.35% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 168 | $16,560,000 | $98,571 | $1,150 | 7.45% |
For 2024, Abilene Teachers Federal Credit Union's most frequently originated type of loan was Conventional, with 168 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 129 | $13,345,000 | $103,450 | $1,161 | 7.32% |
| Other | 39 | $3,215,000 | $82,436 | $1,112 | 7.89% |
For 2024, Abilene Teachers Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 129 originations. The 2nd most popular reason was Other, with 39 originations.
Loan Duration/Length
For 2024, Abilene Teachers Federal Credit Union's most frequently cited loan duration was 20 Year, with 108 originations. The 2nd most popular length was 15 Year, with 33 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 168 | $16,560,000 | $98,571 |
Abilene Teachers Federal 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 168 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 69 | $6,045,000 | $87,609 |
| Over 8% | 45 | $2,895,000 | $64,333 |
| 6-7% | 42 | $5,430,000 | $129,286 |
| 5-6% | 12 | $2,190,000 | $182,500 |
During 2024, Abilene Teachers Federal Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 7-8%, with 69 originations.
Loan Sizing
2024 saw Abilene Teachers Federal Credit Union place emphasis on $100,000 or less loans with 127 originations, totaling $7,745,000 in origination value.
Applicant Income
Abilene Teachers Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 50 originations. The second most popular income band? $75k-100k, with 39 originations.
Applicant Debt to Income Ratio
Abilene Teachers Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 49 originations. The next most common DTI ratio? 30-36%, with 40 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications76.34%
Abilene Teachers Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination83.93%
Abilene Teachers Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 168 | $16,560,000 | $98,571 |