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

San Angelo, TX

LEI: 549300BOONATEIE9GC38

Tax ID: 75-0873880

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
  • 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

    1st Community Federal Credit Union is a smaller credit union specializing in Refi and Home Improvement loans. 1st Community Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: San Angelo, Granbury, Dallas, Midland, and Lamesa among others. We have data for 6 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.

    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 5.76% 4/22/24
    30 Year Cash-out Refi 6.99% 4/22/24
    15 Year Conventional Purchase 7.15% 4/22/24
    15 Year Conventional Refi 5.89% 4/22/24
    15 Year Cash-out Refi 5.89% 4/22/24
    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

    107

    Origination Dollar Volume (All Markets)

    $11,945,000

    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) 85 $8,955,000 $105,353 $1,529 3.82%
    Outside of Metro Areas 17 $2,335,000 $137,353 $2,580 3.70%
    Granbury, TX (FHA|USDA|VA) 1 $425,000 $425,000 $4,482 3.50%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $110,000 $55,000 $711 3.50%
    MIDLAND, TX (FHA|USDA|VA) 1 $75,000 $75,000 $683 3.50%
    Lamesa, TX (FHA|USDA|VA) 1 $45,000 $45,000 $547 3.50%
    1st Community Federal Credit Union's top markets include San Angelo, Granbury, Dallas, Midland, and Lamesa among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 107 $11,945,000 $111,636 $1,696 3.79%

    For 2021, 1st Community Federal Credit Union's most frequently originated type of loan was Conventional, with 107 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 37 $4,525,000 $122,297 $1,748 3.55%
    Home Improvement 25 $2,755,000 $110,200 $1,537 4.20%
    Cash Out Refi 18 $2,100,000 $116,667 $2,014 3.61%
    Other 14 $980,000 $70,000 $901 3.96%
    Home Purchase 13 $1,585,000 $121,923 $2,376 3.75%

    For 2021, 1st Community Federal Credit Union's most frequently cited loan purpose was Refi, with 37 originations. The 2nd most popular reason was Home Improvement, with 25 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 80 $9,800,000 $122,500 $1,862 3.79%
    10 Year 13 $835,000 $64,231 $869 3.64%
    Other 9 $585,000 $65,000 $994 3.52%
    5 Year 3 $275,000 $91,667 $1,669 4.83%
    20 Year 2 $450,000 $225,000 $3,289 4.23%

    For 2021, 1st Community Federal Credit Union's most frequently cited loan duration was 15 Year, with 80 originations. The 2nd most popular length was 10 Year, with 13 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 95 $8,585,000 $90,368
    $1k-2k 7 $1,885,000 $269,286
    $2k-3k 1 $425,000 $425,000
    $3k-4k 1 $805,000 $805,000

    1st Community 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 95 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 92 $10,260,000 $111,522
    6-7% 8 $540,000 $67,500
    4-5% 6 $1,070,000 $178,333
    5-6% 1 $75,000 $75,000

    During 2021, 1st Community Federal Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 3-4%, with 92 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 63 $3,825,000 $60,714 $790 3.89%
    $100k-200k 34 $4,800,000 $141,176 $2,525 3.65%
    $200k-400k 8 $2,090,000 $261,250 $3,685 3.66%
    $400k-600k 1 $425,000 $425,000 $4,482 3.50%
    $600k-1MM 1 $805,000 $805,000 $10,909 3.50%

    2021 saw 1st Community Federal Credit Union place emphasis on $100,000 or less loans with 63 originations, totaling $3,825,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 25 $3,275,000 $131,000 $1,819 3.83%
    $50k-75k 22 $1,690,000 $76,818 $1,189 3.66%
    $50k or less 20 $1,430,000 $71,500 $1,046 3.56%
    $75k-100k 19 $2,285,000 $120,263 $2,229 3.54%
    $150k-250k 16 $2,140,000 $133,750 $1,867 4.16%
    $250k+ 2 $880,000 $440,000 $5,799 4.88%

    1st Community Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 25 originations. The second most popular income band? $50k-75k, with 22 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 30 $3,110,000 $103,667 $1,438 3.54%
    20-30% 28 $3,190,000 $113,929 $1,599 3.78%
    30-36% 18 $2,230,000 $123,889 $2,261 3.88%
    38% 8 $1,080,000 $135,000 $1,742 3.50%
    36% 5 $495,000 $99,000 $1,479 4.60%
    50-60% 3 $405,000 $135,000 $1,887 3.50%
    41% 2 $250,000 $125,000 $2,192 3.50%
    37% 2 $250,000 $125,000 $2,212 3.60%
    42% 1 $45,000 $45,000 $2,505 3.50%
    43% 1 $105,000 $105,000 $1,384 3.50%
    39% 1 $45,000 $45,000 $547 3.50%
    46% 1 $85,000 $85,000 $1,391 3.50%
    47% 1 $35,000 $35,000 $487 6.25%
    49% 1 $45,000 $45,000 $547 6.25%
    45% 1 $205,000 $205,000 $2,538 3.50%
    40% 1 $125,000 $125,000 $2,591 3.50%

    1st Community Federal Credit Union lent most frequently to those with DTI ratios of <20%, with 30 originations. The next most common DTI ratio? 20-30%, with 28 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 89 $10,535,000 $118,371 $1,792 3.77%
    Not provided 12 $920,000 $76,667 $1,057 3.73%
    Not applicable 3 $245,000 $81,667 $0 4.83%
    Asian 1 $115,000 $115,000 $2,372 3.50%
    American Indian 1 $105,000 $105,000 $1,384 3.50%
    Other Pacific Islander 1 $25,000 $25,000 $471 3.50%

    Approval Rates

    Total approvals of all applications
    78.26%

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

    Pick Rate

    Approvals leading to origination
    87.85%

    1st Community Federal Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 107 $11,945,000 $111,636

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    107 $11,945,000 $111,636

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 14 $790,000 $56,429 $660 3.96%
    40-60% 25 $2,635,000 $105,400 $1,583 3.66%
    60-80% 46 $6,320,000 $137,391 $2,159 3.58%
    80-100% 14 $1,850,000 $132,143 $2,141 3.73%
    Under 20% 8 $350,000 $43,750 $589 5.22%