Greater Texas Federal Credit Union Mortgage Rates, Fees & Info

Austin, TX

LEI: 549300D5DG8D4966HK70

Tax ID: 74-1197940

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

    Greater Texas Federal Credit Union is a smaller credit union specializing in Home Purchase loans. Greater Texas Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Austin, College Station, Houston, Dallas, and San Antonio among others. We have data for 18 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Greater Texas 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. Greater Texas 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.46% 4/14/24
    30 Year Conventional Refi 6.13% 4/14/24
    30 Year Cash-out Refi 6.88% 4/14/24
    15 Year Conventional Purchase 5.54% 4/14/24
    15 Year Conventional Refi 5.74% 4/14/24
    15 Year Cash-out Refi 5.74% 4/14/24
    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.

    Greater Texas 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 Greater Texas 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

    306

    Origination Dollar Volume (All Markets)

    $44,040,000

    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
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 88 $12,870,000 $146,250 $5,341 4.41%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 78 $10,740,000 $137,692 $4,261 4.20%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 44 $7,820,000 $177,727 $4,707 4.32%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 23 $3,345,000 $145,435 $4,759 4.46%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 22 $2,790,000 $126,818 $3,956 4.36%
    Outside of Metro Areas 17 $2,615,000 $153,824 $5,432 4.43%
    MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 19 $1,355,000 $71,316 $4,979 4.39%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 2 $380,000 $190,000 $4,605 4.19%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 2 $330,000 $165,000 $2,922 4.44%
    EL PASO, TX (FHA|USDA|VA) 1 $285,000 $285,000 $10,387 4.25%
    BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 2 $280,000 $140,000 $3,695 3.69%
    ABILENE, TX (FHA|USDA|VA) 2 $270,000 $135,000 $3,517 4.13%
    AMARILLO, TX (FHA|USDA|VA) 1 $235,000 $235,000 $3,721 4.00%
    Dumas, TX (FHA|USDA|VA) 1 $195,000 $195,000 $4,808 3.63%
    Rockport, TX (FHA|USDA|VA) 1 $195,000 $195,000 $4,272 4.00%
    El Campo, TX (FHA|USDA|VA) 1 $185,000 $185,000 $0 4.49%
    Nacogdoches, TX (FHA|USDA|VA) 1 $135,000 $135,000 $4,259 3.50%
    Alice, TX (FHA|USDA|VA) 1 $15,000 $15,000 $0 5.01%
    Greater Texas Federal Credit Union's top markets include Austin, College Station, Houston, Dallas, 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 GREATER TEXAS FEDERAL CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Extraco Banks
    Similarity Rank: 330
    SMART CHOICE MORTGAGE, A TEXAS LIMITED LIABILITY C
    Similarity Rank: 459
    MEMBERS CHOICE Credit Union
    Similarity Rank: 549
    SMART FINANCIAL CREDIT UNION
    Similarity Rank: 707
    TEXAS BAY
    Similarity Rank: 888
    AMERANT BANK, NATIONAL ASSOCIATION
    Similarity Rank: 1060
    SOUTHERN LENDING SERVICES, LTD.
    Similarity Rank: 1120
    TEXANS
    Similarity Rank: 1204
    AAXY L.L.C.
    Similarity Rank: 1216
    NEIGHBORHOOD
    Similarity Rank: 1228

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 306 $44,040,000 $143,922 $4,735 4.33%

    For 2019, Greater Texas Federal Credit Union's most frequently originated type of loan was Conventional, with 306 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 85 $19,025,000 $223,824 $4,848 4.27%
    Other 84 $5,950,000 $70,833 $0 4.44%
    Home Improvement 55 $3,475,000 $63,182 $4,097 4.28%
    Cash Out Refi 49 $8,655,000 $176,633 $4,681 4.62%
    Refi 33 $6,935,000 $210,152 $4,537 3.86%

    For 2019, Greater Texas Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 85 originations. The 2nd most popular reason was Other, with 84 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 118 $26,220,000 $222,203 $4,957 4.42%
    20 Year 56 $6,740,000 $120,357 $4,205 4.62%
    15 Year 54 $6,770,000 $125,370 $4,255 4.23%
    10 Year 37 $1,985,000 $53,649 $3,612 4.22%
    5 Year 35 $1,505,000 $43,000 $0 3.82%
    Other 6 $820,000 $136,667 $4,143 4.44%

    For 2019, Greater Texas Federal Credit Union's most frequently cited loan duration was 30 Year, with 118 originations. The 2nd most popular length was 20 Year, with 56 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 93 $19,945,000 $214,462
    $1k-2k 49 $9,215,000 $188,061
    $2k-3k 11 $1,605,000 $145,909
    $3k-4k 10 $1,820,000 $182,000
    $4k-5k 8 $1,690,000 $211,250
    $5k+ 6 $2,200,000 $366,667

    Greater Texas Federal Credit Union's average total fees were $4,957, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 93 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 173 $23,015,000 $133,035
    3-4% 98 $17,220,000 $175,714
    5-6% 31 $3,315,000 $106,935
    2.5-3% 2 $260,000 $130,000
    6-7% 2 $230,000 $115,000

    During 2019, Greater Texas Federal Credit Union's average interest rate for loans was 4.42%, while their most frequently originated rate bucket for loans was 4-5%, with 173 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 132 $7,000,000 $53,030 $3,371 4.38%
    $100k-200k 95 $14,245,000 $149,947 $4,458 4.36%
    $200k-400k 73 $19,705,000 $269,932 $4,994 4.25%
    $400k-600k 4 $1,850,000 $462,500 $8,703 3.81%
    $600k-1MM 2 $1,240,000 $620,000 $9,177 3.63%

    2019 saw Greater Texas Federal Credit Union place emphasis on $100,000 or less loans with 132 originations, totaling $7,000,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 91 $14,175,000 $155,769 $4,791 4.21%
    $50k-75k 71 $9,875,000 $139,085 $4,439 4.51%
    $75k-100k 63 $7,435,000 $118,016 $5,205 4.36%
    $150k-250k 36 $6,920,000 $192,222 $4,738 4.27%
    $50k or less 31 $3,035,000 $97,903 $3,927 4.41%
    $250k+ 14 $2,600,000 $185,714 $7,518 4.10%

    Greater Texas Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 91 originations. The second most popular income band? $50k-75k, with 71 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 75 $10,935,000 $145,800 $4,682 4.22%
    30-36% 44 $6,770,000 $153,864 $4,622 4.29%
    <20% 24 $1,810,000 $75,417 $4,436 4.09%
    42% 21 $2,585,000 $123,095 $4,839 4.15%
    45% 20 $2,410,000 $120,500 $4,746 4.35%
    43% 16 $2,110,000 $131,875 $3,823 4.58%
    44% 13 $1,925,000 $148,077 $5,767 4.38%
    36% 13 $2,275,000 $175,000 $4,907 4.29%
    40% 13 $2,375,000 $182,692 $5,975 4.23%
    39% 12 $1,260,000 $105,000 $4,836 4.77%
    38% 12 $2,000,000 $166,667 $4,013 4.68%
    41% 11 $1,785,000 $162,273 $4,621 4.39%
    37% 10 $1,410,000 $141,000 $4,481 4.42%
    49% 8 $1,380,000 $172,500 $5,147 4.44%
    46% 7 $1,335,000 $190,714 $4,732 4.68%
    47% 5 $1,445,000 $289,000 $4,852 4.40%
    48% 2 $230,000 $115,000 $3,154 5.44%

    Greater Texas Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 75 originations. The next most common DTI ratio? 30-36%, with 44 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 195 $28,045,000 $143,821 $4,636 4.29%
    Not provided 74 $11,860,000 $160,270 $5,124 4.36%
    Black 23 $2,165,000 $94,130 $4,002 4.59%
    Asian 7 $1,005,000 $143,571 $4,536 4.38%
    American Indian 6 $860,000 $143,333 $5,376 4.22%
    Native Hawaiian or Islander 1 $105,000 $105,000 $0 4.72%

    Approval Rates

    Total approvals of all applications
    83.28%

    Greater Texas Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    54.25%

    Greater Texas 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 306 $44,040,000 $143,922

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 306 $44,040,000 $143,922

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 47 $3,525,000 $75,000 $3,429 4.41%
    40-60% 40 $6,030,000 $150,750 $4,314 4.25%
    60-80% 72 $13,470,000 $187,083 $4,712 4.52%
    80-100% 81 $18,445,000 $227,716 $4,958 4.26%
    Under 20% 66 $2,570,000 $38,939 $0 4.20%