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, Houston, College Station, Dallas, and Mcallen among others. We have data for 19 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% 4/28/24
    30 Year Conventional Refi 6.13% 4/28/24
    30 Year Cash-out Refi 6.88% 4/28/24
    15 Year Conventional Purchase 5.54% 4/28/24
    15 Year Conventional Refi 5.74% 4/28/24
    15 Year Cash-out Refi 5.74% 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.

    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

    472

    Origination Dollar Volume (All Markets)

    $85,920,000
    Show all (7) 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
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 156 $29,850,000 $191,346 $2,917 4.34%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 79 $14,975,000 $189,557 $2,990 4.39%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 92 $14,400,000 $156,522 $2,746 4.27%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 67 $11,965,000 $178,582 $2,598 4.30%
    Outside of Metro Areas 24 $4,290,000 $178,750 $2,954 4.54%
    MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 20 $3,680,000 $184,000 $3,244 3.96%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 14 $2,510,000 $179,286 $3,179 4.03%
    Brenham, TX (FHA|USDA|VA) 5 $1,605,000 $321,000 $5,437 4.12%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 3 $675,000 $225,000 $3,424 4.29%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 2 $520,000 $260,000 $2,932 5.38%
    Gainesville, TX (FHA|USDA|VA) 1 $255,000 $255,000 $3,715 3.00%
    Corsicana, TX (FHA|USDA|VA) 1 $255,000 $255,000 $11,579 3.50%
    Port Lavaca, TX (FHA|USDA|VA) 1 $205,000 $205,000 $5,099 4.88%
    Snyder, TX (FHA|USDA|VA) 1 $195,000 $195,000 $4,241 3.00%
    WICHITA FALLS, TX (FHA|USDA|VA) 1 $145,000 $145,000 $4,309 4.38%
    Rio Grande City-Roma, TX (FHA|USDA|VA) 1 $125,000 $125,000 $5,424 4.00%
    LUBBOCK, TX (FHA|USDA|VA) 1 $105,000 $105,000 $0 6.13%
    WACO, TX (FHA|USDA|VA) 1 $85,000 $85,000 $4,249 2.63%
    Athens, TX (FHA|USDA|VA) 2 $80,000 $40,000 $239 5.06%
    Greater Texas Federal Credit Union's top markets include Austin, Houston, College Station, Dallas, and Mcallen 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.

    PRIMEWAY
    Similarity Rank: 249
    Citizens State Bank
    Similarity Rank: 322
    AMOCO
    Similarity Rank: 510
    Texas Health Credit Union
    Similarity Rank: 552
    TEXAS BAY
    Similarity Rank: 957
    American Momentum Bank
    Similarity Rank: 1012
    COMMUNITY RESOURCE CREDIT UNION
    Similarity Rank: 1074
    TEXANS
    Similarity Rank: 1170
    SMART CHOICE MORTGAGE, A TEXAS LIMITED LIABILITY C
    Similarity Rank: 1480
    Security State Bank & Trust
    Similarity Rank: 1533

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 472 $85,920,000 $182,034 $2,926 4.31%

    For 2022, Greater Texas Federal Credit Union's most frequently originated type of loan was Conventional, with 472 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 127 $42,715,000 $336,339 $5,905 4.57%
    Home Improvement 121 $9,575,000 $79,132 $383 4.11%
    Other 99 $8,635,000 $87,222 $314 4.73%
    Cash Out Refi 70 $14,320,000 $204,571 $5,478 4.25%
    Refi 55 $10,675,000 $194,091 $3,200 3.47%

    For 2022, Greater Texas Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 127 originations. The 2nd most popular reason was Home Improvement, with 121 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 156 $48,820,000 $312,949 $6,137 4.50%
    20 Year 105 $15,125,000 $144,048 $1,106 4.77%
    15 Year 90 $13,950,000 $155,000 $2,862 4.09%
    10 Year 78 $6,000,000 $76,923 $596 3.90%
    5 Year 43 $2,025,000 $47,093 $226 3.71%

    For 2022, Greater Texas Federal Credit Union's most frequently cited loan duration was 30 Year, with 156 originations. The 2nd most popular length was 20 Year, with 105 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 337 $49,045,000 $145,534
    $1k-2k 42 $8,270,000 $196,905
    $2k-3k 39 $11,195,000 $287,051
    $3k-4k 21 $6,145,000 $292,619
    $5k+ 20 $8,080,000 $404,000
    $4k-5k 11 $2,815,000 $255,909

    Greater Texas Federal Credit Union's average total fees were $6,137, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 337 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 130 $26,280,000 $202,154
    4-5% 103 $22,815,000 $221,505
    5-6% 93 $16,015,000 $172,204
    2.5-3% 75 $11,795,000 $157,267
    6-7% 39 $5,595,000 $143,462
    <2.5% 20 $2,100,000 $105,000
    7-8% 12 $1,320,000 $110,000

    During 2022, Greater Texas Federal Credit Union's average interest rate for loans was 4.50%, while their most frequently originated rate bucket for loans was 3-4%, with 130 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 191 $10,465,000 $54,791 $503 4.42%
    $200k-400k 120 $33,260,000 $277,167 $4,944 4.14%
    $100k-200k 116 $17,110,000 $147,500 $2,782 4.28%
    $400k-600k 35 $17,155,000 $490,143 $7,761 4.45%
    $600k-1MM 9 $6,845,000 $760,556 $9,526 4.10%
    $1MM+ 1 $1,085,000 $1,085,000 $11,189 4.25%

    2022 saw Greater Texas Federal Credit Union place emphasis on $100,000 or less loans with 191 originations, totaling $10,465,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 145 $27,645,000 $190,655 $3,150 4.44%
    $150k-250k 126 $26,240,000 $208,254 $2,972 4.33%
    $50k-75k 73 $9,115,000 $124,863 $2,135 4.22%
    $75k-100k 69 $9,665,000 $140,072 $2,470 4.26%
    $250k+ 33 $10,555,000 $319,848 $4,196 4.25%
    $50k or less 25 $2,625,000 $105,000 $3,378 3.90%

    Greater Texas Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 145 originations. The second most popular income band? $150k-250k, with 126 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 101 $17,105,000 $169,356 $2,494 4.38%
    20-30% 100 $15,380,000 $153,800 $2,401 4.08%
    <20% 47 $7,095,000 $150,957 $1,886 3.83%
    44% 36 $7,750,000 $215,278 $3,721 4.59%
    43% 26 $3,610,000 $138,846 $2,343 4.99%
    41% 23 $5,085,000 $221,087 $3,916 4.36%
    42% 20 $3,060,000 $153,000 $2,108 4.88%
    38% 20 $3,190,000 $159,500 $2,663 4.56%
    39% 18 $3,970,000 $220,556 $3,268 3.99%
    45% 16 $4,820,000 $301,250 $4,459 4.37%
    37% 15 $2,625,000 $175,000 $3,110 4.29%
    40% 11 $1,185,000 $107,727 $1,491 3.85%
    36% 10 $2,150,000 $215,000 $3,516 4.18%
    49% 8 $2,370,000 $296,250 $5,787 4.69%
    47% 8 $2,170,000 $271,250 $6,308 4.39%
    46% 6 $1,110,000 $185,000 $8,022 4.23%
    48% 5 $2,535,000 $507,000 $7,873 5.10%
    50-60% 2 $710,000 $355,000 $3,760 4.13%

    Greater Texas Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 101 originations. The next most common DTI ratio? 20-30%, with 100 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 283 $45,425,000 $160,512 $2,465 4.29%
    Not provided 124 $26,130,000 $210,726 $3,750 4.47%
    Asian 29 $9,795,000 $337,759 $4,891 3.83%
    Black 25 $3,105,000 $124,200 $2,727 4.40%
    Asian Indian 6 $970,000 $161,667 $515 3.52%
    American Indian 4 $450,000 $112,500 $1,674 5.38%
    Filipino 1 $45,000 $45,000 $205 3.25%

    Approval Rates

    Total approvals of all applications
    73.39%

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

    Pick Rate

    Approvals leading to origination
    37.92%

    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 472 $85,920,000 $182,034

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    472 $85,920,000 $182,034

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 81 $10,475,000 $129,321 $1,158 4.20%
    40-60% 57 $11,365,000 $199,386 $3,758 3.90%
    60-80% 91 $25,745,000 $282,912 $6,048 4.30%
    80-100% 79 $28,735,000 $363,734 $6,067 4.51%
    Under 20% 164 $9,600,000 $58,537 $302 4.42%