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 13 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. Texell Credit Union is typically an average 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 relatively high 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.

    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% 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

    331

    Origination Dollar Volume (All Markets)

    $34,895,000

    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) 243 $23,615,000 $97,181 $316 5.18%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 41 $5,775,000 $140,854 $585 5.56%
    WACO, TX (FHA|USDA|VA) 22 $2,830,000 $128,636 $810 4.85%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 4 $1,090,000 $272,500 $3,522 4.71%
    Outside of Metro Areas 11 $875,000 $79,545 $0 5.67%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $155,000 $155,000 $0 4.24%
    Brenham, TX (FHA|USDA|VA) 2 $150,000 $75,000 $0 5.49%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $130,000 $65,000 $1,943 4.85%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $115,000 $115,000 $0 3.09%
    Corsicana, TX (FHA|USDA|VA) 1 $55,000 $55,000 $0 2.38%
    MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $35,000 $35,000 $0 4.70%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $35,000 $35,000 $0 7.60%
    Brownwood, TX (FHA|USDA|VA) 1 $35,000 $35,000 $0 4.09%
    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.

    Extraco Banks
    Similarity Rank: 432
    Texas Health Credit Union
    Similarity Rank: 552
    A+ Federal Credit Union
    Similarity Rank: 726
    Opendoor Home Loans LLC
    Similarity Rank: 1020
    AAXY L.L.C.
    Similarity Rank: 1212
    ADVISA MORTGAGE SERVICES, LTD.
    Similarity Rank: 1412
    SMART CHOICE MORTGAGE, A TEXAS LIMITED LIABILITY C
    Similarity Rank: 1480
    Security State Bank & Trust
    Similarity Rank: 1533
    PRIORITY HOME MORTGAGE, L.P.
    Similarity Rank: 1650
    VILLAGE CAPITAL MORTGAGE
    Similarity Rank: 1782

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 331 $34,895,000 $105,423 $412 5.20%

    For 2022, Texell Credit Union's most frequently originated type of loan was Conventional, with 331 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 255 $25,895,000 $101,549 $286 5.36%
    Refi 46 $4,320,000 $93,913 $198 4.36%
    Home Purchase 11 $2,665,000 $242,273 $4,231 5.17%
    Home Improvement 10 $1,160,000 $116,000 $0 5.23%
    Other 9 $855,000 $95,000 $882 5.04%

    For 2022, Texell Credit Union's most frequently cited loan purpose was Cash Out Refi, with 255 originations. The 2nd most popular reason was Refi, with 46 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 178 $16,220,000 $91,124 $206 5.67%
    20 Year 78 $12,650,000 $162,179 $932 4.84%
    10 Year 51 $3,265,000 $64,020 $96 4.36%
    5 Year 17 $1,385,000 $81,471 $58 4.39%
    30 Year 4 $1,310,000 $327,500 $5,308 5.66%
    Other 3 $65,000 $21,667 $0 5.50%

    For 2022, Texell Credit Union's most frequently cited loan duration was 15 Year, with 178 originations. The 2nd most popular length was 20 Year, with 78 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 319 $32,015,000 $100,361
    $1k-2k 5 $825,000 $165,000
    $2k-3k 5 $1,485,000 $297,000
    $3k-4k 1 $135,000 $135,000
    $5k+ 1 $435,000 $435,000

    Texell Credit Union's average total fees were $5,308, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 319 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 91 $11,545,000 $126,868
    5-6% 72 $9,150,000 $127,083
    4-5% 60 $5,200,000 $86,667
    6-7% 46 $4,640,000 $100,870
    7-8% 24 $1,370,000 $57,083
    Over 8% 21 $1,335,000 $63,571
    2.5-3% 14 $1,440,000 $102,857
    <2.5% 3 $215,000 $71,667

    During 2022, Texell Credit Union's average interest rate for loans was 5.66%, while their most frequently originated rate bucket for loans was 3-4%, with 91 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 199 $10,875,000 $54,648 $67 5.41%
    $100k-200k 100 $13,410,000 $134,100 $429 4.98%
    $200k-400k 23 $6,325,000 $275,000 $2,245 4.50%
    $400k-600k 7 $3,075,000 $439,286 $4,078 5.00%
    $600k-1MM 2 $1,210,000 $605,000 $0 3.97%

    2022 saw Texell Credit Union place emphasis on $100,000 or less loans with 199 originations, totaling $10,875,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 85 $8,675,000 $102,059 $218 5.32%
    $50k-75k 66 $5,910,000 $89,545 $396 4.97%
    $75k-100k 64 $5,650,000 $88,281 $439 5.49%
    $50k or less 61 $4,785,000 $78,443 $156 4.96%
    $150k-250k 40 $6,610,000 $165,250 $988 5.16%
    $250k+ 14 $3,220,000 $230,000 $1,010 5.05%

    Texell Credit Union lent most frequently to those with incomes in the $100k-150k range, with 85 originations. The second most popular income band? $50k-75k, with 66 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 71 $7,615,000 $107,254 $392 4.94%
    20-30% 70 $7,820,000 $111,714 $545 4.99%
    40% 22 $2,060,000 $93,636 $253 5.82%
    <20% 20 $1,800,000 $90,000 $298 4.82%
    42% 18 $1,650,000 $91,667 $188 5.78%
    43% 15 $1,395,000 $93,000 $177 6.34%
    38% 15 $1,535,000 $102,333 $522 5.29%
    45% 15 $1,075,000 $71,667 $64 5.36%
    39% 14 $1,280,000 $91,429 $0 6.16%
    44% 12 $1,340,000 $111,667 $531 5.25%
    47% 11 $1,065,000 $96,818 $581 4.76%
    46% 10 $1,380,000 $138,000 $939 4.11%
    36% 10 $1,190,000 $119,000 $75 4.73%
    41% 9 $1,245,000 $138,333 $644 4.74%
    50-60% 8 $990,000 $123,750 $851 6.13%
    37% 7 $605,000 $86,429 $732 5.69%
    48% 4 $850,000 $212,500 $898 4.40%

    Texell Credit Union lent most frequently to those with DTI ratios of 30-36%, with 71 originations. The next most common DTI ratio? 20-30%, with 70 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 267 $28,355,000 $106,199 $405 5.23%
    Not provided 25 $2,315,000 $92,600 $308 4.51%
    Asian 8 $1,610,000 $201,250 $1,684 4.24%
    Black 20 $1,330,000 $66,500 $357 5.64%
    Asian Indian 4 $560,000 $140,000 $0 4.74%
    American Indian 5 $455,000 $91,000 $0 7.96%
    Vietnamese 1 $145,000 $145,000 $0 3.74%
    Native Hawaiian or Islander 1 $125,000 $125,000 $0 3.09%

    Approval Rates

    Total approvals of all applications
    85.11%

    Texell Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    79.15%

    Texell Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 331 $34,895,000 $105,423

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    331 $34,895,000 $105,423

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 98 $8,740,000 $89,184 $179 5.23%
    40-60% 45 $4,775,000 $106,111 $385 4.80%
    60-80% 78 $13,710,000 $175,769 $1,051 4.38%
    80-100% 11 $2,595,000 $235,909 $1,572 4.86%
    Under 20% 99 $5,075,000 $51,263 $24 6.04%