Shell Federal Credit Union Mortgage Rates, Fees & Info
Deer Park, TXLEI: 549300CYYO0YQ3EVCV77
Tax ID: 74-1132577
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Shell Federal Credit Union is a smaller credit union specializing in Refi and Cash Out Refi loans. Shell Federal Credit Union has a high proportion of conventional loans. Their top markets include Houston, Austin, San Antonio, Beaumont, and Dallas among others. Shell Federal Credit Union has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Shell Federal Credit Union is typically an average fee lendor.Originations
1,284Origination Dollar Volume (All Markets)
$189,340,000Relative Rate
Shell Federal Credit Union's average 30 year fixed rate mortgage of loans were
3.01%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.14%.
Relative Fees
Shell Federal Credit Union's average total fees for a 30 year fixed rate
mortgage are $4,889.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1,247 | $181,775,000 | $145,770 | $2,507 | 3.11% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 7 | $2,115,000 | $302,143 | $5,060 | 2.80% |
| Outside of Metro Areas | 11 | $1,805,000 | $164,091 | $4,122 | 2.94% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $5,336 | 3.08% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $5,502 | 2.63% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $4,977 | 2.63% |
| Bonham, TX (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $7,269 | 2.38% |
| WACO, TX (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $2,052 | 2.56% |
| Kerrville, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,461 | 3.00% |
| Nacogdoches, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,269 | 3.63% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $1,800 | 2.69% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,249 | 2.38% |
| Palestine, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,699 | 3.25% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $268 | 3.50% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $256 | 3.13% |
Shell Federal Credit Union's top markets include Houston, Austin, San Antonio, Beaumont, and Dallas among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 1,284 | $189,340,000 | $147,461 | $2,553 | 3.11% |
For the 2021 period, Shell Federal Credit Union's most frequently originated loan type of loans were Conventional, with 1,284 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Refi | 469 | $79,995,000 | $170,565 | $3,816 | 2.56% |
| Cash Out Refi | 446 | $57,830,000 | $129,664 | $1,199 | 3.44% |
| Home Purchase | 148 | $33,880,000 | $228,919 | $5,517 | 2.97% |
| Other | 123 | $10,815,000 | $87,927 | $726 | 3.69% |
| Home Improvement | 98 | $6,820,000 | $69,592 | $535 | 3.66% |
For the 2021, Shell Federal Credit Union's most frequently cited loan purpose of loans were Refi, with 469 originations. The 2nd most popular reason of loans were Cash Out Refi, with 446 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 15 Year | 539 | $72,965,000 | $135,371 | $2,234 | 2.91% |
| 20 Year | 301 | $47,535,000 | $157,924 | $2,254 | 3.48% |
| 30 Year | 251 | $54,715,000 | $217,988 | $4,889 | 3.01% |
| 10 Year | 155 | $12,315,000 | $79,452 | $1,038 | 3.12% |
| 5 Year | 31 | $1,415,000 | $45,645 | $345 | 3.57% |
| Other | 7 | $395,000 | $56,429 | $229 | 3.21% |
For the 2021, Shell Federal Credit Union's most frequently cited loan length of loans were 15 Year, with 539 originations. The 2nd most popular length of loans were 20 Year, with 301 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 771 | $84,125,000 | $109,112 |
| $1k-2k | 293 | $43,285,000 | $147,730 |
| $2k-3k | 147 | $35,405,000 | $240,850 |
| $3k-4k | 65 | $22,845,000 | $351,462 |
| $5k+ | 8 | $3,680,000 | $460,000 |
$4,889 of loans were Shell Federal Credit Union's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 771 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 608 | $84,460,000 | $138,914 |
| 2.5-3% | 326 | $55,420,000 | $170,000 |
| <2.5% | 275 | $45,075,000 | $163,909 |
| 4-5% | 64 | $3,790,000 | $59,219 |
| 5-6% | 10 | $460,000 | $46,000 |
During 2021, Shell Federal Credit Union's average interest rate of loans were 3.01%, while their most frequently originated rate bucket of loans were 3-4%, with 608 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-200k | 517 | $76,215,000 | $147,418 | $2,837 | 3.01% |
| $100,000 or less | 484 | $34,480,000 | $71,240 | $762 | 3.31% |
| $200k-400k | 263 | $68,835,000 | $261,730 | $4,879 | 2.94% |
| $400k-600k | 19 | $9,105,000 | $479,211 | $8,095 | 2.75% |
| $600k-1MM | 1 | $705,000 | $705,000 | $6,006 | 3.00% |
2021 saw Shell Federal Credit Union place emphasis on $100k-200k loans with 517 originations, totaling $76,215,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 357 | $57,095,000 | $159,930 | $2,726 | 3.14% |
| $50k-75k | 318 | $38,930,000 | $122,421 | $2,314 | 3.01% |
| $75k-100k | 252 | $34,420,000 | $136,587 | $2,333 | 3.14% |
| $150k-250k | 186 | $36,370,000 | $195,538 | $3,116 | 3.19% |
| $50k or less | 137 | $12,975,000 | $94,708 | $1,771 | 3.04% |
| $250k+ | 26 | $8,500,000 | $326,923 | $5,689 | 3.03% |
Shell Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 357 originations. The second most popular income band? $50k-75k, with 318 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 308 | $43,530,000 | $141,331 | $2,353 | 3.10% |
| 30-36% | 253 | $37,585,000 | $148,557 | $2,567 | 3.10% |
| <20% | 125 | $15,395,000 | $123,160 | $2,017 | 3.03% |
| 43% | 55 | $8,345,000 | $151,727 | $2,844 | 3.23% |
| 39% | 49 | $6,495,000 | $132,551 | $2,460 | 3.15% |
| 42% | 47 | $7,525,000 | $160,106 | $3,103 | 3.07% |
| 37% | 46 | $7,570,000 | $164,565 | $2,799 | 3.14% |
| 36% | 46 | $7,380,000 | $160,435 | $2,925 | 3.17% |
| 44% | 46 | $7,770,000 | $168,913 | $3,237 | 3.13% |
| 38% | 45 | $7,875,000 | $175,000 | $3,036 | 3.14% |
| 40% | 44 | $6,530,000 | $148,409 | $2,614 | 3.13% |
| 46% | 36 | $5,890,000 | $163,611 | $3,010 | 2.98% |
| 41% | 36 | $5,160,000 | $143,333 | $2,389 | 3.12% |
| 49% | 33 | $4,745,000 | $143,788 | $2,977 | 2.89% |
| 47% | 33 | $4,805,000 | $145,606 | $2,568 | 3.11% |
| 50-60% | 29 | $3,715,000 | $128,103 | $1,296 | 3.45% |
| 45% | 23 | $3,445,000 | $149,783 | $2,571 | 3.14% |
| 48% | 15 | $3,575,000 | $238,333 | $4,070 | 2.97% |
| >60% | 11 | $1,095,000 | $99,545 | $984 | 3.32% |
Shell Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 308 originations. The next most common DTI ratio? 30-36%, with 253 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 1,119 | $161,595,000 | $144,410 | $2,468 | 3.12% |
| Black | 79 | $12,025,000 | $152,215 | $2,510 | 3.26% |
| Asian | 30 | $6,530,000 | $217,667 | $4,181 | 2.72% |
| Not provided | 28 | $5,070,000 | $181,071 | $3,653 | 2.77% |
| American Indian | 27 | $3,915,000 | $145,000 | $3,201 | 2.94% |
| Native Hawaiian | 1 | $205,000 | $205,000 | $4,081 | 2.88% |
Approval Rates
Total approvals of all applications75.74%
Shell Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination52.18%
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 | 1,284 | $189,340,000 | $147,461 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1,284 | $189,340,000 | $147,461 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 173 | $13,215,000 | $76,387 | $1,079 | 3.24% |
| 40-60% | 335 | $41,795,000 | $124,761 | $2,186 | 2.86% |
| 60-80% | 483 | $85,795,000 | $177,629 | $2,954 | 3.09% |
| 80-100% | 216 | $45,290,000 | $209,676 | $4,185 | 3.09% |
| Under 20% | 77 | $3,245,000 | $42,143 | $394 | 4.01% |
