Shell Federal Credit Union Mortgage Rates, Fees & Info

Deer Park, TX

LEI: 549300CYYO0YQ3EVCV77

Tax ID: 74-1132577

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
  • 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 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, Beaumont, College Station, and San Antonio among others. We have data for 12 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% 4/28/24
    30 Year Conventional Refi 5.91% 4/28/24
    30 Year Cash-out Refi 6.27% 4/28/24
    15 Year Conventional Purchase 4.80% 4/28/24
    15 Year Conventional Refi 6.18% 4/28/24
    15 Year Cash-out Refi 6.18% 4/28/24
    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

    838

    Origination Dollar Volume (All Markets)

    $109,040,000

    Awards

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

    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) 809 $103,235,000 $127,608 $1,764 5.07%
    Outside of Metro Areas 11 $1,695,000 $154,091 $3,196 4.63%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 3 $1,095,000 $365,000 $6,848 3.94%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 5 $1,035,000 $207,000 $5,259 4.98%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 2 $720,000 $360,000 $8,739 5.59%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $610,000 $305,000 $5,006 6.57%
    MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $195,000 $195,000 $5,373 4.13%
    Lufkin, TX (FHA|USDA|VA) 1 $145,000 $145,000 $4,041 4.38%
    Bonham, TX (FHA|USDA|VA) 1 $95,000 $95,000 $285 6.25%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $95,000 $95,000 $278 5.13%
    Brenham, TX (FHA|USDA|VA) 1 $95,000 $95,000 $281 5.63%
    Rio Grande City-Roma, TX (FHA|USDA|VA) 1 $25,000 $25,000 $280 3.75%
    Shell Federal Credit Union's top markets include Houston, Austin, Beaumont, College Station, and San Antonio 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.

    PRIMEWAY
    Similarity Rank: 249
    AMOCO
    Similarity Rank: 510
    A+ Federal Credit Union
    Similarity Rank: 858
    FIRST CONTINENTAL MORTGAGE, LTD.
    Similarity Rank: 860
    TEXAS BAY
    Similarity Rank: 957
    CAPITAL PLUS FINANCIAL, LLC
    Similarity Rank: 1032
    COMMUNITY RESOURCE CREDIT UNION
    Similarity Rank: 1074
    AAXY L.L.C.
    Similarity Rank: 1344
    PRIORITY HOME MORTGAGE, L.P.
    Similarity Rank: 1482
    JSC
    Similarity Rank: 1924

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 838 $109,040,000 $130,119 $1,847 5.06%

    For 2022, Shell Federal Credit Union's most frequently originated type of loan was Conventional, with 838 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 255 $36,695,000 $143,902 $1,231 4.78%
    Other 232 $19,600,000 $84,483 $675 5.82%
    Home Improvement 132 $9,120,000 $69,091 $552 5.57%
    Home Purchase 114 $28,010,000 $245,702 $5,773 4.98%
    Refi 105 $15,615,000 $148,714 $3,346 3.53%

    For 2022, Shell Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 255 originations. The 2nd most popular reason was Other, with 232 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 332 $37,370,000 $112,560 $1,476 4.82%
    20 Year 247 $34,945,000 $141,478 $1,410 5.40%
    10 Year 118 $8,500,000 $72,034 $638 5.08%
    30 Year 113 $26,985,000 $238,805 $5,560 5.04%
    5 Year 23 $855,000 $37,174 $207 4.91%
    Other 5 $385,000 $77,000 $697 5.08%

    For 2022, Shell Federal Credit Union's most frequently cited loan duration was 15 Year, with 332 originations. The 2nd most popular length was 20 Year, with 247 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 664 $69,550,000 $104,744
    $1k-2k 84 $12,720,000 $151,429
    $2k-3k 60 $14,600,000 $243,333
    $3k-4k 16 $5,660,000 $353,750
    $4k-5k 9 $4,075,000 $452,778
    $5k+ 5 $2,435,000 $487,000

    Shell Federal Credit Union's average total fees were $5,560, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 664 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 209 $32,275,000 $154,426
    4-5% 184 $24,130,000 $131,141
    5-6% 180 $24,400,000 $135,556
    6-7% 156 $16,390,000 $105,064
    7-8% 50 $3,990,000 $79,800
    <2.5% 27 $4,175,000 $154,630
    Over 8% 19 $1,295,000 $68,158
    2.5-3% 13 $2,385,000 $183,462

    During 2022, Shell Federal Credit Union's average interest rate for loans was 5.04%, while their most frequently originated rate bucket for loans was 3-4%, with 209 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 436 $28,870,000 $66,216 $502 5.48%
    $100k-200k 253 $37,475,000 $148,123 $2,391 4.57%
    $200k-400k 131 $33,755,000 $257,672 $4,467 4.71%
    $400k-600k 17 $8,055,000 $473,824 $8,212 4.63%
    $600k-1MM 1 $885,000 $885,000 $0 3.93%

    2022 saw Shell Federal Credit Union place emphasis on $100,000 or less loans with 436 originations, totaling $28,870,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 194 $27,320,000 $140,825 $2,104 5.29%
    $75k-100k 185 $22,645,000 $122,405 $1,703 4.91%
    $50k-75k 184 $20,590,000 $111,902 $1,667 4.84%
    $150k-250k 149 $24,405,000 $163,792 $2,227 5.49%
    $50k or less 88 $6,880,000 $78,182 $1,201 4.52%
    $250k+ 32 $6,450,000 $201,563 $2,270 5.24%

    Shell Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 194 originations. The second most popular income band? $75k-100k, with 185 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 176 $20,750,000 $117,898 $1,487 5.18%
    30-36% 163 $20,385,000 $125,061 $1,778 4.99%
    <20% 64 $7,170,000 $112,031 $1,148 5.00%
    38% 36 $4,500,000 $125,000 $2,033 4.92%
    40% 36 $5,160,000 $143,333 $2,158 5.06%
    43% 35 $6,115,000 $174,714 $3,002 4.64%
    36% 35 $4,315,000 $123,286 $1,924 5.04%
    41% 35 $4,635,000 $132,429 $1,614 5.17%
    44% 30 $4,530,000 $151,000 $2,696 4.98%
    50-60% 30 $3,690,000 $123,000 $1,132 5.23%
    39% 30 $3,070,000 $102,333 $1,296 5.39%
    42% 26 $3,510,000 $135,000 $1,904 5.01%
    48% 24 $3,140,000 $130,833 $2,502 4.93%
    37% 24 $2,840,000 $118,333 $1,807 5.49%
    46% 23 $3,955,000 $171,957 $1,989 4.55%
    47% 20 $3,210,000 $160,500 $2,549 5.44%
    45% 20 $4,080,000 $204,000 $4,135 4.82%
    49% 20 $2,700,000 $135,000 $1,989 5.31%
    >60% 11 $1,285,000 $116,818 $1,590 4.97%

    Shell Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 176 originations. The next most common DTI ratio? 30-36%, with 163 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 702 $90,820,000 $129,373 $1,841 5.04%
    Black 58 $8,280,000 $142,759 $1,754 5.03%
    Not provided 42 $5,690,000 $135,476 $2,138 5.53%
    Asian 16 $2,010,000 $125,625 $1,630 4.69%
    American Indian 13 $1,275,000 $98,077 $1,893 5.26%
    Other Asian 3 $505,000 $168,333 $1,725 4.71%
    Native Hawaiian or Islander 1 $265,000 $265,000 $6,213 5.25%
    Asian Indian 1 $95,000 $95,000 $921 6.50%
    Other Pacific Islander 1 $55,000 $55,000 $301 7.75%
    Korean 1 $45,000 $45,000 $281 5.88%

    Approval Rates

    Total approvals of all applications
    73.21%

    Shell Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    54.06%

    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 838 $109,040,000 $130,119

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    838 $109,040,000 $130,119

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 208 $17,210,000 $82,740 $718 5.45%
    40-60% 145 $16,395,000 $113,069 $1,404 4.53%
    60-80% 229 $40,295,000 $175,961 $2,567 4.54%
    80-100% 126 $29,170,000 $231,508 $4,371 4.87%
    Under 20% 130 $5,970,000 $45,923 $446 6.14%