First Abilene Federal Credit Union Mortgage Rates, Fees & Info

Abilene, TX

LEI: 549300DGOV1UVLJKW474

Tax ID: 75-1091446

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Mortgage Data

Review & Overview

First Abilene Federal Credit Union is a smaller credit union specializing in Home Purchase loans. First Abilene Federal Credit Union has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Abilene, Houston, Odessa, Amarillo, and Big Spring among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

First Abilene Federal Credit Union has an above 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

78

Origination Dollar Volume (All Markets)

$11,790,000

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) 69 $10,015,000 $145,145 $0 0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $565,000 $565,000 $0 0.00%
Outside of Metro Areas 3 $255,000 $85,000 $0 0.00%
ODESSA, TX (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
AMARILLO, TX (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
Big Spring, TX (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
Sweetwater, TX (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
LUBBOCK, TX (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
First Abilene Federal Credit Union's top markets include Abilene, Houston, Odessa, Amarillo, and Big Spring among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 59 $8,535,000 $144,661 $0 0.00%
    FHA 13 $2,065,000 $158,846 $0 0.00%
    VA 6 $1,190,000 $198,333 $0 0.00%

    For 2018, First Abilene Federal Credit Union's most frequently originated type of loan was Conventional, with 59 originations. Their 2nd most popular type was FHA, with 13 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 47 $7,765,000 $165,213 $0 0.00%
    Cash Out Refi 20 $1,700,000 $85,000 $0 0.00%
    Refi 11 $2,325,000 $211,364 $0 0.00%

    For 2018, First Abilene Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 47 originations. The 2nd most popular reason was Cash Out Refi, with 20 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 78 $11,790,000 $151,154 $0 0.00%

    For 2018, First Abilene Federal Credit Union's most frequently cited loan duration was Other, with 78 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 42 $6,050,000 $144,048 $0 0.00%
    $100,000 or less 19 $1,105,000 $58,158 $0 0.00%
    $200k-400k 16 $4,070,000 $254,375 $0 0.00%
    $400k-600k 1 $565,000 $565,000 $0 0.00%

    2018 saw First Abilene Federal Credit Union place emphasis on $100k-200k loans with 42 originations, totaling $6,050,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 21 $3,235,000 $154,048 $0 0.00%
    $50k-75k 20 $2,610,000 $130,500 $0 0.00%
    $100k-150k 16 $3,150,000 $196,875 $0 0.00%
    $50k or less 13 $995,000 $76,538 $0 0.00%
    $150k-250k 6 $1,190,000 $198,333 $0 0.00%
    $250k+ 2 $610,000 $305,000 $0 0.00%

    First Abilene Federal Credit Union lent most frequently to those with incomes in the $75k-100k range, with 21 originations. The second most popular income band? $50k-75k, with 20 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 71 $10,755,000 $151,479 $0 0.00%
    Not provided 5 $695,000 $139,000 $0 0.00%
    Black 2 $340,000 $170,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.33%

    First Abilene Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    76.92%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 78 $11,790,000 $151,154

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 78 $11,790,000 $151,154

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    First Technology Federal Credit Union Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    First Technology Federal Credit Union Other type of mortgage Trouble during payment process 1 50.0%