Abilene Teachers Federal Credit Union Mortgage Rates, Fees & Info

Abilene, TX

LEI: 549300A8TEVE8WYT0T29

Tax ID: 75-0888860

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Mortgage Data

Review & Overview

Abilene Teachers Federal Credit Union is a smaller credit union specializing in Cash Out Refi and Home Improvement loans. Abilene Teachers Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Abilene, Dallas, San Antonio, Sweetwater, and Killeen among others. We have data for 9 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 an above average pick rate when compared to similar lenders.

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Originations

201

Origination Dollar Volume (All Markets)

$15,465,000

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
ABILENE, TX (FHA|USDA|VA) 174 $13,370,000 $76,839 $757 5.10%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 4 $830,000 $207,500 $1,618 4.81%
Outside of Metro Areas 14 $630,000 $45,000 $1,746 4.87%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $275,000 $275,000 $1,220 4.75%
Sweetwater, TX (FHA|USDA|VA) 4 $200,000 $50,000 $910 4.98%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $55,000 $55,000 $594 4.75%
Brownwood, TX (FHA|USDA|VA) 1 $45,000 $45,000 $769 4.75%
MIDLAND, TX (FHA|USDA|VA) 1 $35,000 $35,000 $720 6.75%
Rockport, TX (FHA|USDA|VA) 1 $25,000 $25,000 $792 6.75%
Abilene Teachers Federal Credit Union's top markets include Abilene, Dallas, San Antonio, Sweetwater, and Killeen among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 201 $15,465,000 $76,940 $848 5.08%

    For 2019, Abilene Teachers Federal Credit Union's most frequently originated type of loan was Conventional, with 201 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 139 $11,635,000 $83,705 $892 5.02%
    Home Improvement 58 $3,450,000 $59,483 $711 5.26%
    Refi 2 $180,000 $90,000 $1,112 4.75%
    Home Purchase 1 $165,000 $165,000 $2,368 4.50%
    Other 1 $35,000 $35,000 $609 4.70%

    For 2019, Abilene Teachers Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 139 originations. The 2nd most popular reason was Home Improvement, with 58 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 135 $11,945,000 $88,481 $812 5.08%
    15 Year 36 $2,280,000 $63,333 $1,093 5.07%
    10 Year 30 $1,240,000 $41,333 $712 5.12%

    For 2019, Abilene Teachers Federal Credit Union's most frequently cited loan duration was 20 Year, with 135 originations. The 2nd most popular length was 15 Year, with 36 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 199 $15,275,000 $76,759
    $1k-2k 1 $165,000 $165,000

    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 199 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 101 $7,845,000 $77,673
    5-6% 90 $7,200,000 $80,000
    6-7% 6 $290,000 $48,333
    7-8% 4 $130,000 $32,500

    During 2019, Abilene Teachers Federal Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 101 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 170 $9,910,000 $58,294 $763 5.11%
    $100k-200k 24 $3,380,000 $140,833 $1,316 4.91%
    $200k-400k 6 $1,700,000 $283,333 $1,272 4.87%
    $400k-600k 1 $475,000 $475,000 $1,514 5.50%

    2019 saw Abilene Teachers Federal Credit Union place emphasis on $100,000 or less loans with 170 originations, totaling $9,910,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 65 $3,995,000 $61,462 $722 5.01%
    $50k-75k 52 $3,360,000 $64,615 $946 5.09%
    $100k-150k 36 $3,590,000 $99,722 $867 5.14%
    $75k-100k 32 $2,540,000 $79,375 $864 5.05%
    $150k-250k 11 $1,105,000 $100,455 $942 5.43%
    $250k+ 5 $875,000 $175,000 $998 4.93%

    Abilene Teachers Federal Credit Union lent most frequently to those with incomes in the $50k or less range, with 65 originations. The second most popular income band? $50k-75k, with 52 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 44 $3,700,000 $84,091 $783 4.99%
    30-36% 34 $2,530,000 $74,412 $834 5.17%
    <20% 31 $1,825,000 $58,871 $1,164 5.07%
    50-60% 11 $725,000 $65,909 $664 5.05%
    >60% 10 $1,330,000 $133,000 $944 5.11%
    47% 9 $915,000 $101,667 $799 4.89%
    45% 8 $620,000 $77,500 $807 4.85%
    46% 7 $665,000 $95,000 $783 5.07%
    36% 6 $430,000 $71,667 $812 4.90%
    39% 6 $320,000 $53,333 $794 5.18%
    42% 6 $270,000 $45,000 $683 5.23%
    37% 6 $380,000 $63,333 $744 5.40%
    38% 5 $375,000 $75,000 $771 5.36%
    43% 5 $355,000 $71,000 $754 5.15%
    44% 4 $280,000 $70,000 $758 4.99%
    40% 3 $135,000 $45,000 $638 5.97%
    41% 3 $415,000 $138,333 $868 5.00%
    48% 1 $35,000 $35,000 $899 5.10%
    49% 1 $65,000 $65,000 $700 4.70%

    Abilene Teachers Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 44 originations. The next most common DTI ratio? 30-36%, with 34 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 186 $14,490,000 $77,903 $860 5.07%
    Black 10 $650,000 $65,000 $688 5.02%
    American Indian 3 $225,000 $75,000 $731 5.03%
    Filipino 1 $75,000 $75,000 $675 7.00%
    Not provided 1 $25,000 $25,000 $792 6.75%

    Approval Rates

    Total approvals of all applications
    89.79%

    Abilene Teachers Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    95.52%

    Abilene Teachers Federal Credit Union has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 201 $15,465,000 $76,940

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 201 $15,465,000 $76,940

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 46 $1,930,000 $41,957 $665 5.31%
    40-60% 43 $2,885,000 $67,093 $782 4.97%
    60-80% 85 $8,365,000 $98,412 $1,006 4.96%
    80-100% 17 $1,805,000 $106,176 $810 5.07%
    Over 100% 2 $160,000 $80,000 $713 5.03%
    Under 20% 8 $320,000 $40,000 $668 5.81%