Texell Credit Union Mortgage Rates, Fees & Info

Temple, TX

LEI: 549300BDFK1ZR5QSYO15

Tax ID: 74-1109882

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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

    Texell Credit Union is a smaller credit union specializing in Cash Out Refi loans. Texell Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Killeen, Austin, Waco, Dallas, and College Station among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Texell 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.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.74% 5/13/24
    30 Year FHA Purchase 6.27% 5/13/24
    15 Year Conventional Purchase 5.68% 5/13/24
    15 Year Conventional Refi 6.71% 5/13/24
    15 Year Cash-out Refi 6.71% 5/13/24
    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.

    Texell Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Texell 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

    134

    Origination Dollar Volume (All Markets)

    $9,930,000

    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
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 97 $7,075,000 $72,938 $1,918 4.62%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 16 $1,160,000 $72,500 $1,738 4.76%
    WACO, TX (FHA|USDA|VA) 13 $1,135,000 $87,308 $2,156 5.22%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $245,000 $245,000 $0 4.14%
    Outside of Metro Areas 4 $220,000 $55,000 $2,586 5.56%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.99%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $25,000 $25,000 $0 4.74%
    LONGVIEW, TX (FHA|USDA|VA) 1 $15,000 $15,000 $0 3.99%
    Texell Credit Union's top markets include Killeen, Austin, Waco, Dallas, and College Station among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against TEXELL Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    SOUTHERN LENDING SERVICES, LTD.
    Similarity Rank: 386
    AUSTIN TELCO Federal Credit Union
    Similarity Rank: 481
    ADVISA MORTGAGE SERVICES, LTD.
    Similarity Rank: 498
    HIGHLAND HOMELOANS, LLC
    Similarity Rank: 540
    AMERICAN HERITAGE CAPITAL, L.P.
    Similarity Rank: 546
    CRESTMARK MORTGAGE COMPANY, LTD.
    Similarity Rank: 596
    PRIORITY HOME MORTGAGE, L.P.
    Similarity Rank: 690
    A+ Federal Credit Union
    Similarity Rank: 975
    AMPLIFY
    Similarity Rank: 1512
    FIRST EQUITY MORTGAGE INCORPORATED
    Similarity Rank: 1924

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 134 $9,930,000 $74,104 $1,920 4.72%

    For 2018, Texell Credit Union's most frequently originated type of loan was Conventional, with 134 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 104 $7,460,000 $71,731 $1,500 4.81%
    Refi 18 $1,620,000 $90,000 $1,304 4.19%
    Home Purchase 6 $470,000 $78,333 $5,290 5.23%
    Other 5 $345,000 $69,000 $1,566 4.52%
    Home Improvement 1 $35,000 $35,000 $0 3.59%

    For 2018, Texell Credit Union's most frequently cited loan purpose was Cash Out Refi, with 104 originations. The 2nd most popular reason was Refi, with 18 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 66 $6,330,000 $95,909 $2,524 5.10%
    5 Year 27 $935,000 $34,630 $1,088 3.92%
    Other 24 $1,670,000 $69,583 $692 4.77%
    10 Year 15 $965,000 $64,333 $1,456 4.63%
    3 Year 2 $30,000 $15,000 $1,152 3.38%

    For 2018, Texell Credit Union's most frequently cited loan duration was 15 Year, with 66 originations. The 2nd most popular length was 5 Year, with 27 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 8 $830,000 $103,750
    $1k-2k 4 $360,000 $90,000

    Texell 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 8 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 66 $5,860,000 $88,788
    3-4% 30 $2,120,000 $70,667
    5-6% 12 $620,000 $51,667
    2.5-3% 10 $460,000 $46,000
    Over 8% 9 $465,000 $51,667
    6-7% 5 $245,000 $49,000
    7-8% 2 $160,000 $80,000

    During 2018, Texell Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 66 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 102 $5,140,000 $50,392 $1,737 4.78%
    $100k-200k 25 $3,175,000 $127,000 $2,317 4.61%
    $200k-400k 7 $1,615,000 $230,714 $2,523 4.29%

    2018 saw Texell Credit Union place emphasis on $100,000 or less loans with 102 originations, totaling $5,140,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 36 $2,200,000 $61,111 $2,236 4.90%
    $50k or less 32 $2,090,000 $65,313 $2,123 4.61%
    $75k-100k 29 $2,265,000 $78,103 $1,701 4.57%
    $100k-150k 26 $2,300,000 $88,462 $1,465 4.40%
    $150k-250k 8 $880,000 $110,000 $2,453 5.86%

    Texell Credit Union lent most frequently to those with incomes in the $50k-75k range, with 36 originations. The second most popular income band? $50k or less, with 32 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 29 $2,105,000 $72,586 $1,120 4.74%
    30-36% 16 $930,000 $58,125 $988 3.96%
    42% 11 $755,000 $68,636 $0 4.57%
    39% 9 $685,000 $76,111 $4,368 4.88%
    44% 9 $755,000 $83,889 $3,132 5.36%
    45% 8 $620,000 $77,500 $2,344 4.90%
    38% 8 $470,000 $58,750 $1,342 5.27%
    <20% 6 $280,000 $46,667 $1,465 4.35%
    40% 6 $490,000 $81,667 $4,257 5.10%
    43% 5 $505,000 $101,000 $1,707 5.36%
    37% 5 $445,000 $89,000 $2,344 5.08%
    41% 4 $200,000 $50,000 $1,116 3.65%
    36% 4 $510,000 $127,500 $1,836 4.78%
    50-60% 1 $135,000 $135,000 $0 4.39%
    >60% 1 $35,000 $35,000 $5,617 6.24%

    Texell Credit Union lent most frequently to those with DTI ratios of 20-30%, with 29 originations. The next most common DTI ratio? 30-36%, with 16 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 99 $7,205,000 $72,778 $1,935 4.72%
    Not provided 31 $2,315,000 $74,677 $1,933 4.81%
    American Indian 2 $310,000 $155,000 $2,764 4.39%
    Black 2 $100,000 $50,000 $589 3.86%

    Approval Rates

    Total approvals of all applications
    85.59%

    Texell Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    74.63%

    Texell Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 134 $9,930,000 $74,104

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 134 $9,930,000 $74,104

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 27 $1,695,000 $62,778 $1,136 4.87%
    40-60% 17 $1,555,000 $91,471 $1,928 4.68%
    60-80% 40 $3,380,000 $84,500 $2,738 4.55%
    80-100% 10 $1,180,000 $118,000 $589 4.60%
    Over 100% 1 $275,000 $275,000 $0 4.00%
    Under 20% 27 $905,000 $33,519 $1,739 4.96%