First Abilene Federal Credit Union Mortgage Rates, Fees & Info

Abilene, TX

LEI: 549300DGOV1UVLJKW474

Tax ID: 75-1091446

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    First Abilene Federal Credit Union is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. First Abilene Federal Credit Union has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top (well, only) market is Abilene.

    First Abilene 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.

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    Originations

    20

    Origination Dollar Volume (All Markets)

    $3,990,000

    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
    ABILENE, TX (FHA|USDA|VA) 19 $3,815,000 $200,789 $0 0.00%
    Outside of Metro Areas 1 $175,000 $175,000 $0 0.00%
    First Abilene Federal Credit Union's top markets include and Abilene among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 19 $3,755,000 $197,632 $0 0.00%
    FHA 1 $235,000 $235,000 $0 0.00%

    For 2023, First Abilene Federal Credit Union's most frequently originated type of loan was Conventional, with 19 originations. Their 2nd most popular type was FHA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 13 $2,985,000 $229,615 $0 0.00%
    Cash Out Refi 7 $1,005,000 $143,571 $0 0.00%

    For 2023, First Abilene Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 13 originations. The 2nd most popular reason was Cash Out Refi, with 7 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 20 $3,990,000 $199,500 $0 0.00%

    For 2023, First Abilene Federal Credit Union's most frequently cited loan duration was Other, with 20 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 9 $2,285,000 $253,889 $0 0.00%
    $100,000 or less 5 $425,000 $85,000 $0 0.00%
    $100k-200k 5 $855,000 $171,000 $0 0.00%
    $400k-600k 1 $425,000 $425,000 $0 0.00%

    2023 saw First Abilene Federal Credit Union place emphasis on $200k-400k loans with 9 originations, totaling $2,285,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 8 $1,620,000 $202,500 $0 0.00%
    $50k-75k 5 $725,000 $145,000 $0 0.00%
    $75k-100k 4 $810,000 $202,500 $0 0.00%
    $150k-250k 2 $770,000 $385,000 $0 0.00%
    $50k or less 1 $65,000 $65,000 $0 0.00%

    First Abilene Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 8 originations. The second most popular income band? $50k-75k, with 5 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 20 $3,990,000 $199,500 $0 0.00%

    First Abilene Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 20 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 16 $3,220,000 $201,250 $0 0.00%
    Not provided 2 $500,000 $250,000 $0 0.00%
    American Indian 1 $175,000 $175,000 $0 0.00%
    Native Hawaiian or Islander 1 $95,000 $95,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    79.41%

    First Abilene Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    70.00%

    First Abilene 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
    Exempt 20 $3,990,000 $199,500

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    20 $3,990,000 $199,500