Shell Federal Credit Union Mortgage Rates, Fees & Info

Deer Park, TX

LEI: 549300CYYO0YQ3EVCV77

Tax ID: 74-1132577

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Mortgage Data

Review & 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 by origination volume include: Houston, Austin, San Antonio, Beaumont, and Dallas among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)

Shell 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. Shell Federal 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 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 6.03% 3/28/24
30 Year Conventional Refi 5.91% 3/28/24
30 Year Cash-out Refi 6.27% 3/28/24
15 Year Conventional Purchase 4.80% 3/28/24
15 Year Conventional Refi 6.18% 3/28/24
15 Year Cash-out Refi 6.18% 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.

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

1,284

Origination Dollar Volume (All Markets)

$189,340,000

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
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.

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

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,284 $189,340,000 $147,461 $2,553 3.11%

    For 2021, Shell Federal Credit Union's most frequently originated type of loan was Conventional, with 1,284 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Shell Federal Credit Union's most frequently cited loan purpose was Refi, with 469 originations. The 2nd most popular reason was 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 2021, Shell Federal Credit Union's most frequently cited loan duration was 15 Year, with 539 originations. The 2nd most popular length was 20 Year, with 301 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost 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 55 $18,355,000 $333,727
    $4k-5k 10 $4,490,000 $449,000
    $5k+ 8 $3,680,000 $460,000

    Shell Federal Credit Union's average total fees were $4,889, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.01%, while their most frequently originated rate bucket for loans was 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 or Islander 1 $205,000 $205,000 $4,081 2.88%

    Approval Rates

    Total approvals of all applications
    78.70%

    Shell Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    49.61%

    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%