Greater Texas Federal Credit Union Mortgage Rates, Fees & Info
Austin, TXLEI: 549300D5DG8D4966HK70
Tax ID: 74-1197940
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Mortgage Data
Review & Overview
Greater Texas Federal Credit Union is a smaller credit union specializing in Cash Out Refi, Refi, and 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 Mcallen among others. We have data for 24 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.46% | 12/16/24 |
| 30 Year Conventional Refi | 6.13% | 12/16/24 |
| 30 Year Cash-out Refi | 6.88% | 12/16/24 |
| 15 Year Conventional Purchase | 5.54% | 12/16/24 |
| 15 Year Conventional Refi | 5.74% | 12/16/24 |
| 15 Year Cash-out Refi | 5.74% | 12/16/24 |
| 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
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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
536Origination Dollar Volume (All Markets)
$98,230,000Top 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) | 149 | $30,925,000 | $207,550 | $3,277 | 3.01% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 128 | $20,100,000 | $157,031 | $2,934 | 2.92% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 89 | $16,035,000 | $180,169 | $3,563 | 2.94% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 71 | $14,545,000 | $204,859 | $3,752 | 3.05% |
| Outside of Metro Areas | 21 | $4,515,000 | $215,000 | $4,147 | 2.86% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 34 | $4,000,000 | $117,647 | $2,012 | 2.95% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 22 | $3,780,000 | $171,818 | $2,506 | 2.96% |
| Brenham, TX (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $6,184 | 3.19% |
| LUBBOCK, TX (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $6,693 | 3.50% |
| Stephenville, TX (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $9,168 | 3.38% |
| Athens, TX (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $7,668 | 2.88% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 3 | $345,000 | $115,000 | $2,566 | 2.54% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,481 | 3.00% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,326 | 3.13% |
| Huntsville, TX (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $264 | 2.94% |
| Snyder, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $6,526 | 2.88% |
| Nacogdoches, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,614 | 4.13% |
| Raymondville, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,391 | 2.88% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,047 | 2.63% |
| WACO, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,590 | 3.13% |
| Jacksonville, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,942 | 2.50% |
| Sulphur Springs, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $238 | 3.13% |
| Granbury, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $240 | 4.00% |
| Rio Grande City-Roma, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $328 | 2.88% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 536 | $98,230,000 | $183,265 | $3,257 | 2.97% |
For 2021, Greater Texas Federal Credit Union's most frequently originated type of loan was Conventional, with 536 originations.
Loan Reason
For 2021, Greater Texas Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 159 originations. The 2nd most popular reason was Refi, with 145 originations.
Loan Duration/Length
For 2021, Greater Texas Federal Credit Union's most frequently cited loan duration was 30 Year, with 204 originations. The 2nd most popular length was 15 Year, with 121 originations.
Origination Fees/Closing Costs
Greater Texas Federal Credit Union's average total fees were $5,532, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 273 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 259 | $48,515,000 | $187,317 |
| 3-4% | 183 | $37,135,000 | $202,923 |
| <2.5% | 86 | $11,740,000 | $136,512 |
| 4-5% | 8 | $840,000 | $105,000 |
During 2021, Greater Texas Federal Credit Union's average interest rate for loans was 3.12%, while their most frequently originated rate bucket for loans was 2.5-3%, with 259 originations.
Loan Sizing
2021 saw Greater Texas Federal Credit Union place emphasis on $100k-200k loans with 205 originations, totaling $29,485,000 in origination value.
Applicant Income
Greater Texas Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 138 originations. The second most popular income band? $50k-75k, with 120 originations.
Applicant Debt to Income Ratio
Greater Texas Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 132 originations. The next most common DTI ratio? 30-36%, with 121 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications81.01%
Greater Texas Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination50.93%
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 | 536 | $98,230,000 | $183,265 |