First Abilene Federal Credit Union Mortgage Rates, Fees & Info
Abilene, TXLEI: 549300DGOV1UVLJKW474
Tax ID: 75-1091446
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
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.
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.
Originations
78Origination Dollar Volume (All Markets)
$11,790,000Top 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 |
|---|---|---|---|---|---|
| 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% |
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
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
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 applications93.33%
First Abilene Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination76.92%
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% |