Texell Credit Union Mortgage Rates, Fees & Info

Temple, TX

LEI: 549300BDFK1ZR5QSYO15

Tax ID: 74-1109882

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Mortgage Data

Review & Overview

Texell Credit Union is a smaller credit union specializing in Refi loans. Texell Credit Union has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Killeen, Austin, Waco, Houston, and Dallas among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

Texell Credit Union has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Texell Credit Union is typically a high fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.74% 12/16/24
30 Year FHA Purchase 6.27% 12/16/24
15 Year Conventional Purchase 5.68% 12/16/24
15 Year Conventional Refi 6.71% 12/16/24
15 Year Cash-out Refi 6.71% 12/16/24
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

377

Origination Dollar Volume (All Markets)

$55,325,000

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) 266 $33,240,000 $124,962 $2,194 3.21%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 54 $11,630,000 $215,370 $1,786 2.91%
WACO, TX (FHA|USDA|VA) 28 $3,850,000 $137,500 $2,696 2.99%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 7 $1,705,000 $243,571 $6,640 2.89%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 7 $1,275,000 $182,143 $8,295 2.87%
Outside of Metro Areas 7 $1,145,000 $163,571 $7,677 2.88%
LONGVIEW, TX (FHA|USDA|VA) 2 $640,000 $320,000 $13,382 2.75%
TYLER, TX (FHA|USDA|VA) 1 $515,000 $515,000 $0 2.85%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $355,000 $355,000 $5,456 2.99%
CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $325,000 $325,000 $0 2.85%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $265,000 $265,000 $8,355 2.88%
Stephenville, TX (FHA|USDA|VA) 1 $215,000 $215,000 $13,641 3.25%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $165,000 $165,000 $0 2.75%
Texell Credit Union's top markets include Killeen, Austin, Waco, Houston, and Dallas among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 376 $55,200,000 $146,809 $2,711 3.12%
    USDA 1 $125,000 $125,000 $0 3.34%

    For 2020, Texell Credit Union's most frequently originated type of loan was Conventional, with 376 originations. Their 2nd most popular type was USDA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 248 $39,130,000 $157,782 $1,945 2.88%
    Cash Out Refi 63 $5,895,000 $93,571 $490 3.62%
    Home Purchase 34 $7,620,000 $224,118 $9,484 3.08%
    Other 28 $2,140,000 $76,429 $29 4.08%
    Home Improvement 4 $540,000 $135,000 $0 4.17%

    For 2020, Texell Credit Union's most frequently cited loan purpose was Refi, with 248 originations. The 2nd most popular reason was Cash Out Refi, with 63 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 262 $38,060,000 $145,267 $292 3.08%
    30 Year 49 $10,845,000 $221,327 $9,512 3.16%
    10 Year 38 $3,480,000 $91,579 $13 3.08%
    Other 11 $1,115,000 $101,364 $2,152 4.22%
    5 Year 9 $415,000 $46,111 $0 2.81%
    20 Year 8 $1,410,000 $176,250 $10,678 3.28%

    For 2020, Texell Credit Union's most frequently cited loan duration was 15 Year, with 262 originations. The 2nd most popular length was 30 Year, with 49 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 314 $41,990,000 $133,726
    $2k-3k 29 $7,275,000 $250,862
    $1k-2k 27 $3,015,000 $111,667
    $3k-4k 7 $3,045,000 $435,000

    Texell Credit Union's average total fees were $9,512, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 314 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 251 $40,655,000 $161,972
    3-4% 101 $12,775,000 $126,485
    4-5% 15 $1,135,000 $75,667
    5-6% 4 $260,000 $65,000
    Over 8% 4 $190,000 $47,500
    <2.5% 1 $245,000 $245,000
    7-8% 1 $65,000 $65,000

    During 2020, Texell Credit Union's average interest rate for loans was 3.16%, while their most frequently originated rate bucket for loans was 2.5-3%, with 251 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 158 $22,010,000 $139,304 $1,736 3.01%
    $100,000 or less 133 $9,035,000 $67,932 $945 3.42%
    $200k-400k 79 $21,005,000 $265,886 $5,211 2.85%
    $400k-600k 7 $3,275,000 $467,857 $16,430 3.06%

    2020 saw Texell Credit Union place emphasis on $100k-200k loans with 158 originations, totaling $22,010,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 99 $11,655,000 $117,727 $2,715 3.14%
    $100k-150k 91 $16,235,000 $178,407 $3,513 3.01%
    $75k-100k 68 $9,180,000 $135,000 $2,641 3.12%
    $50k or less 62 $5,040,000 $81,290 $1,520 3.42%
    $150k-250k 49 $11,125,000 $227,041 $3,020 2.99%
    $250k+ 8 $2,090,000 $261,250 $1,857 2.78%

    Texell Credit Union lent most frequently to those with incomes in the $50k-75k range, with 99 originations. The second most popular income band? $100k-150k, with 91 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 111 $15,505,000 $139,685 $2,115 3.02%
    30-36% 69 $9,575,000 $138,768 $2,557 3.13%
    <20% 38 $5,450,000 $143,421 $778 2.89%
    45% 16 $2,400,000 $150,000 $4,212 3.62%
    41% 16 $2,100,000 $131,250 $1,145 3.32%
    37% 15 $2,345,000 $156,333 $4,413 2.91%
    39% 14 $1,710,000 $122,143 $3,929 3.09%
    40% 14 $2,360,000 $168,571 $2,653 3.16%
    42% 12 $1,640,000 $136,667 $3,359 3.53%
    44% 12 $1,830,000 $152,500 $1,846 3.64%
    36% 11 $1,835,000 $166,818 $6,806 3.06%
    43% 11 $1,425,000 $129,545 $1,986 3.10%
    38% 10 $1,630,000 $163,000 $2,906 3.10%
    46% 9 $1,935,000 $215,000 $3,125 3.35%
    47% 7 $1,895,000 $270,714 $5,440 2.86%
    >60% 5 $595,000 $119,000 $1,315 3.18%
    50-60% 3 $395,000 $131,667 $3,941 3.23%
    48% 2 $450,000 $225,000 $17,317 3.75%
    49% 2 $250,000 $125,000 $0 3.05%

    Texell Credit Union lent most frequently to those with DTI ratios of 20-30%, with 111 originations. The next most common DTI ratio? 30-36%, with 69 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not provided 208 $29,550,000 $142,067 $988 3.15%
    White 156 $23,860,000 $152,949 $6,143 3.08%
    Asian 4 $950,000 $237,500 $11,449 3.22%
    Black 6 $570,000 $95,000 $2,809 3.14%
    American Indian 3 $395,000 $131,667 $8,865 3.08%

    Approval Rates

    Total approvals of all applications
    99.53%

    Texell Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    89.12%

    Texell Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 1 $105,000 $105,000
    NA 376 $55,220,000 $146,862

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $85,000 $85,000
    Single Family (1-4 Units):Site-Built 376 $55,240,000 $146,915

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 50 $4,180,000 $83,600 $962 3.27%
    40-60% 86 $11,550,000 $134,302 $1,006 2.98%
    60-80% 174 $29,320,000 $168,506 $2,184 3.02%
    80-100% 54 $9,690,000 $179,444 $6,472 3.16%
    Under 20% 13 $585,000 $45,000 $0 4.79%