Abilene Teachers Federal Credit Union Mortgage Rates, Fees & Info

Abilene, TX

LEI: 549300A8TEVE8WYT0T29

Tax ID: 75-0888860

Latest/2023 | 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

    Abilene Teachers Federal Credit Union is a smaller credit union specializing in Home Improvement and Cash Out Refi loans. Abilene Teachers Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Abilene, Dallas, Sweetwater, Snyder, and Brownwood 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 a below average pick rate when compared to similar lenders.

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    Originations

    205

    Origination Dollar Volume (All Markets)

    $15,365,000

    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) 167 $12,585,000 $75,359 $821 5.53%
    Outside of Metro Areas 18 $1,040,000 $57,778 $802 5.55%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 5 $635,000 $127,000 $1,009 6.74%
    Sweetwater, TX (FHA|USDA|VA) 4 $270,000 $67,500 $755 6.01%
    Snyder, TX (FHA|USDA|VA) 2 $270,000 $135,000 $1,405 4.90%
    Brownwood, TX (FHA|USDA|VA) 5 $255,000 $51,000 $952 6.92%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $160,000 $80,000 $568 6.85%
    SAN ANGELO, TX (FHA|USDA|VA) 1 $95,000 $95,000 $484 4.65%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $55,000 $55,000 $579 7.25%
    Abilene Teachers Federal Credit Union's top markets include Abilene, Dallas, Sweetwater, Snyder, and Brownwood among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 205 $15,365,000 $74,951 $826 5.61%

    For 2022, Abilene Teachers Federal Credit Union's most frequently originated type of loan was Conventional, with 205 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 101 $7,945,000 $78,663 $847 5.38%
    Cash Out Refi 92 $6,900,000 $75,000 $791 5.65%
    Other 12 $520,000 $43,333 $918 7.21%

    For 2022, Abilene Teachers Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 101 originations. The 2nd most popular reason was Cash Out Refi, with 92 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 148 $12,580,000 $85,000 $871 5.59%
    15 Year 29 $1,625,000 $56,034 $752 5.76%
    10 Year 28 $1,160,000 $41,429 $669 5.59%

    For 2022, Abilene Teachers Federal Credit Union's most frequently cited loan duration was 20 Year, with 148 originations. The 2nd most popular length was 15 Year, with 29 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 205 $15,365,000 $74,951

    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 205 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 89 $7,125,000 $80,056
    4-5% 38 $2,860,000 $75,263
    3-4% 29 $2,375,000 $81,897
    7-8% 25 $1,195,000 $47,800
    6-7% 20 $1,590,000 $79,500
    Over 8% 4 $220,000 $55,000

    During 2022, Abilene Teachers Federal Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 89 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 171 $10,075,000 $58,918 $724 5.65%
    $100k-200k 29 $4,065,000 $140,172 $1,280 5.35%
    $200k-400k 5 $1,225,000 $245,000 $1,705 5.78%

    2022 saw Abilene Teachers Federal Credit Union place emphasis on $100,000 or less loans with 171 originations, totaling $10,075,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 52 $4,520,000 $86,923 $904 5.72%
    $50k-75k 51 $3,145,000 $61,667 $720 5.30%
    $50k or less 46 $2,790,000 $60,652 $661 5.30%
    $75k-100k 38 $3,250,000 $85,526 $956 5.99%
    $150k-250k 13 $1,305,000 $100,385 $1,221 6.29%
    $250k+ 2 $160,000 $80,000 $602 6.83%

    Abilene Teachers Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 52 originations. The second most popular income band? $50k-75k, with 51 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 55 $3,705,000 $67,364 $790 5.74%
    30-36% 31 $2,745,000 $88,548 $964 5.66%
    <20% 26 $1,480,000 $56,923 $794 6.13%
    47% 14 $1,060,000 $75,714 $888 5.38%
    44% 9 $825,000 $91,667 $935 5.68%
    43% 8 $750,000 $93,750 $718 4.56%
    36% 8 $740,000 $92,500 $796 5.00%
    40% 8 $750,000 $93,750 $824 5.20%
    37% 7 $625,000 $89,286 $866 5.35%
    41% 7 $505,000 $72,143 $722 5.48%
    39% 6 $330,000 $55,000 $681 5.78%
    38% 6 $570,000 $95,000 $920 5.16%
    46% 6 $320,000 $53,333 $630 5.22%
    42% 5 $285,000 $57,000 $685 5.77%
    45% 5 $525,000 $105,000 $849 5.01%
    48% 1 $45,000 $45,000 $545 6.65%
    49% 1 $35,000 $35,000 $1,252 7.95%
    50-60% 1 $25,000 $25,000 $1,195 7.85%

    Abilene Teachers Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 55 originations. The next most common DTI ratio? 30-36%, with 31 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 185 $13,935,000 $75,324 $826 5.57%
    Not provided 10 $610,000 $61,000 $813 5.97%
    American Indian 4 $440,000 $110,000 $837 5.93%
    Black 4 $280,000 $70,000 $1,004 5.69%
    Other Asian 2 $100,000 $50,000 $545 6.90%

    Approval Rates

    Total approvals of all applications
    88.08%

    Abilene Teachers Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    54.15%

    Abilene Teachers Federal 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 205 $15,365,000 $74,951

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    205 $15,365,000 $74,951

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 48 $2,680,000 $55,833 $682 5.57%
    40-60% 42 $3,180,000 $75,714 $743 5.60%
    60-80% 65 $6,265,000 $96,385 $908 5.04%
    80-100% 13 $1,715,000 $131,923 $1,171 4.85%
    Under 20% 36 $1,480,000 $41,111 $848 6.98%