1st Community Federal Credit Union Mortgage Rates, Fees & Info

San Angelo, TX

LEI: 549300BOONATEIE9GC38

Tax ID: 75-0873880

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Mortgage Data

Review & Overview

1st Community Federal Credit Union is a smaller credit union specializing in Home Improvement and Other loans. 1st Community Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: San Angelo, Kerrville, Lubbock, and Dallas among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

1st Community 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.

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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 5.76% 3/28/24
30 Year Cash-out Refi 6.99% 3/28/24
15 Year Conventional Purchase 7.15% 3/28/24
15 Year Conventional Refi 5.89% 3/28/24
15 Year Cash-out Refi 5.89% 3/28/24
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.

1st Community Federal Credit Union Mortgage Calculator






Your Estimates

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

This is not an official calculator from 1st Community Federal 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

54

Origination Dollar Volume (All Markets)

$5,520,000

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
SAN ANGELO, TX (FHA|USDA|VA) 41 $4,785,000 $116,707 $0 0.00%
Outside of Metro Areas 10 $560,000 $56,000 $0 0.00%
Kerrville, TX (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
LUBBOCK, TX (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
1st Community Federal Credit Union's top markets include San Angelo, Kerrville, Lubbock, and Dallas among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 54 $5,520,000 $102,222 $0 0.00%

    For 2023, 1st Community Federal Credit Union's most frequently originated type of loan was Conventional, with 54 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 25 $2,385,000 $95,400 $0 0.00%
    Other 17 $1,445,000 $85,000 $0 0.00%
    Cash Out Refi 9 $835,000 $92,778 $0 0.00%
    Home Purchase 3 $855,000 $285,000 $0 0.00%

    For 2023, 1st Community Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 25 originations. The 2nd most popular reason was Other, with 17 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 54 $5,520,000 $102,222 $0 0.00%

    For 2023, 1st Community Federal Credit Union's most frequently cited loan duration was Other, with 54 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 36 $1,970,000 $54,722 $0 0.00%
    $100k-200k 13 $1,575,000 $121,154 $0 0.00%
    $200k-400k 3 $965,000 $321,667 $0 0.00%
    $400k-600k 1 $405,000 $405,000 $0 0.00%
    $600k-1MM 1 $605,000 $605,000 $0 0.00%

    2023 saw 1st Community Federal Credit Union place emphasis on $100,000 or less loans with 36 originations, totaling $1,970,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 15 $1,605,000 $107,000 $0 0.00%
    $50k-75k 14 $810,000 $57,857 $0 0.00%
    $50k or less 8 $440,000 $55,000 $0 0.00%
    $75k-100k 7 $605,000 $86,429 $0 0.00%
    $150k-250k 5 $855,000 $171,000 $0 0.00%
    $250k+ 4 $1,120,000 $280,000 $0 0.00%

    1st Community Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 15 originations. The second most popular income band? $50k-75k, with 14 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 54 $5,520,000 $102,222 $0 0.00%

    1st Community Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 54 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 53 $5,435,000 $102,547 $0 0.00%
    Not applicable 1 $85,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    73.47%

    1st Community Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    66.67%

    1st Community 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
    Exempt 54 $5,520,000 $102,222

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    54 $5,520,000 $102,222