Shell Federal Credit Union Mortgage Rates, Fees & Info

Deer Park, TX

LEI: 549300CYYO0YQ3EVCV77

Tax ID: 74-1132577

5 stars - Updated: 6/22/25 - out of 5 stars, based on 29 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • 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

    Shell Federal Credit Union is a smaller credit union specializing in Other, Cash Out Refi, and Home Purchase loans. Shell Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Houston, Austin, Dallas, San Antonio, and Beaumont among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Shell Federal Credit Union has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Shell Federal Credit Union is typically a low 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 6.92% 6/22/25
    30 Year Conventional Refi 7.27% 6/22/25
    30 Year Cash-out Refi 7.20% 6/22/25
    15 Year Conventional Purchase 6.38% 6/22/25
    15 Year Conventional Refi 6.10% 6/22/25
    15 Year Cash-out Refi 6.10% 6/22/25
    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.

    Shell 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 Shell 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

    829

    Origination Dollar Volume (All Markets)

    $98,995,000

    Awards

    SHELL FEDERAL CREDIT UNION 30 Year Conventional Loans gold
    Show all (1) awards

    Relative Rate

    Shell Federal Credit Union's average 30 year fixed mortgage rate was 6.85%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of 0.3%.

    Relative Fees (Closing Costs)

    Shell Federal Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $4,584.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $8,356.

    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
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 803 $94,235,000 $117,354 $1,551 7.37%
    Outside of Metro Areas 11 $1,965,000 $178,636 $3,151 7.01%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 4 $1,200,000 $300,000 $4,204 7.16%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $560,000 $280,000 $4,732 7.13%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $435,000 $435,000 $9,250 6.88%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 2 $270,000 $135,000 $3,154 6.69%
    MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 2 $170,000 $85,000 $2,437 7.88%
    Bay City, TX (FHA|USDA|VA) 1 $65,000 $65,000 $307 6.50%
    Huntsville, TX (FHA|USDA|VA) 1 $35,000 $35,000 $0 8.75%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $35,000 $35,000 $307 8.13%
    TYLER, TX (FHA|USDA|VA) 1 $25,000 $25,000 $312 6.63%
    Shell Federal Credit Union's top markets include Houston, Austin, Dallas, San Antonio, and Beaumont among others.

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

    • Similar Lenders

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

    DSLD MORTGAGE, LLC
    Similarity Rank: 105
    AMOCO
    Similarity Rank: 180
    SCHLUMBERGER EMPLOYEES CREDIT UNION
    Similarity Rank: 275
    FIRST CONTINENTAL MORTGAGE, LTD.
    Similarity Rank: 323
    SMART FINANCIAL CREDIT UNION
    Similarity Rank: 405
    PRIMEWAY
    Similarity Rank: 532
    HOMEWAY MORTGAGE LLC
    Similarity Rank: 586
    FC LENDING, LTD.
    Similarity Rank: 609
    COMMUNITY RESOURCE CREDIT UNION
    Similarity Rank: 675
    MEMBERS CHOICE Credit Union
    Similarity Rank: 1280

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 761 $92,495,000 $121,544 $1,606 7.14%
    HELOC 68 $6,500,000 $95,588 n/a 9.85%

    For 2024, Shell Federal Credit Union's most frequently originated type of loan was Conventional, with 761 originations. Their 2nd most popular type was HELOC, with 68 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 327 $29,245,000 $89,434 $769 7.66%
    Cash Out Refi 206 $29,750,000 $144,417 $1,425 7.14%
    Home Improvement 192 $14,130,000 $73,594 $593 7.55%
    Home Purchase 92 $24,190,000 $262,935 $6,226 6.54%
    Refi 12 $1,680,000 $140,000 $3,437 6.43%

    For 2024, Shell Federal Credit Union's most frequently cited loan purpose was Other, with 327 originations. The 2nd most popular reason was Cash Out Refi, with 206 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 347 $37,095,000 $106,902 $1,074 7.67%
    15 Year 190 $18,080,000 $95,158 $916 7.41%
    30 Year 146 $34,760,000 $238,082 $4,584 6.85%
    10 Year 107 $7,145,000 $66,776 $579 7.05%
    5 Year 33 $1,455,000 $44,091 $338 7.18%
    Other 6 $460,000 $76,667 $476 7.47%

    For 2024, Shell Federal Credit Union's most frequently cited loan duration was 20 Year, with 347 originations. The 2nd most popular length was 15 Year, with 190 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 668 $67,500,000 $101,048
    $2k-3k 31 $7,445,000 $240,161
    $1k-2k 30 $4,690,000 $156,333
    $3k-4k 19 $6,565,000 $345,526
    $4k-5k 7 $3,075,000 $439,286
    $5k+ 5 $3,135,000 $627,000

    Shell Federal Credit Union's average total fees were $4,584, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 668 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 317 $42,465,000 $133,959
    7-8% 262 $31,600,000 $120,611
    Over 8% 192 $16,820,000 $87,604
    5-6% 58 $8,110,000 $139,828

    During 2024, Shell Federal Credit Union's average interest rate for loans was 6.85%, while their most frequently originated rate bucket for loans was 6-7%, with 317 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 520 $33,050,000 $63,558 $421 7.53%
    $100k-200k 175 $26,365,000 $150,657 $2,351 7.17%
    $200k-400k 119 $31,465,000 $264,412 $4,348 6.92%
    $400k-600k 13 $5,965,000 $458,846 $8,815 7.18%
    $1MM+ 1 $1,425,000 $1,425,000 $24,100 7.50%
    $600k-1MM 1 $725,000 $725,000 $6,748 7.63%

    2024 saw Shell Federal Credit Union place emphasis on $100,000 or less loans with 520 originations, totaling $33,050,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 276 $34,890,000 $126,413 $1,733 7.42%
    $150k-250k 212 $26,150,000 $123,349 $1,605 7.56%
    $75k-100k 130 $13,860,000 $106,615 $1,428 7.33%
    $50k-75k 118 $10,860,000 $92,034 $1,390 6.93%
    $250k+ 55 $10,375,000 $188,636 $2,452 7.76%
    $50k or less 35 $2,235,000 $63,857 $830 6.66%

    Shell Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 276 originations. The second most popular income band? $150k-250k, with 212 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 202 $22,060,000 $109,208 $1,317 7.30%
    30-36% 195 $21,125,000 $108,333 $1,351 7.41%
    <20% 64 $5,720,000 $89,375 $881 7.04%
    37% 43 $5,155,000 $119,884 $1,733 7.51%
    36% 41 $6,725,000 $164,024 $2,231 7.22%
    39% 38 $3,480,000 $91,579 $1,091 7.54%
    40% 34 $3,900,000 $114,706 $1,765 7.25%
    43% 32 $4,510,000 $140,938 $2,637 7.36%
    44% 29 $4,485,000 $154,655 $2,494 7.44%
    38% 28 $3,440,000 $122,857 $1,815 7.68%
    42% 25 $3,415,000 $136,600 $1,844 7.54%
    41% 24 $2,660,000 $110,833 $1,499 7.35%
    45% 22 $2,990,000 $135,909 $2,034 8.10%
    46% 18 $2,630,000 $146,111 $2,491 7.61%
    50-60% 12 $1,860,000 $155,000 $1,134 6.89%
    47% 11 $1,775,000 $161,364 $2,257 6.92%
    48% 8 $2,480,000 $310,000 $6,497 6.88%
    49% 2 $430,000 $215,000 $4,112 6.88%
    >60% 1 $155,000 $155,000 $1,923 6.50%

    Shell Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 202 originations. The next most common DTI ratio? 30-36%, with 195 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 670 $81,070,000 $121,000 $1,619 7.32%
    Not provided 61 $7,715,000 $126,475 $2,032 7.54%
    Black 63 $6,065,000 $96,270 $1,079 7.74%
    Asian 18 $1,900,000 $105,556 $1,277 7.23%
    American Indian 13 $1,875,000 $144,231 $2,011 6.93%
    Other Asian 3 $295,000 $98,333 $804 7.58%
    Native Hawaiian or Islander 1 $75,000 $75,000 $307 8.38%

    Approval Rates

    Total approvals of all applications
    61.73%

    Shell Federal Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    56.82%

    Shell 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
    NA 829 $98,995,000 $119,415

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    829 $98,995,000 $119,415

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 263 $24,935,000 $94,810 $827 7.41%
    40-60% 100 $13,050,000 $130,500 $1,660 6.82%
    60-80% 130 $27,030,000 $207,923 $2,816 7.16%
    80-100% 80 $20,330,000 $254,125 $5,384 6.80%
    Under 20% 256 $13,650,000 $53,320 $426 7.80%