Fort Worth City Credit Union Mortgage Rates, Fees & Info

Fort Worth, TX

LEI: 549300EW5YD0HPCTME62

Tax ID: 75-0275573

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

Review & Overview

Fort Worth City Credit Union is a smaller credit union specializing in Home Improvement and Home Purchase loans. Fort Worth City Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Waco, and Granbury among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

Fort Worth City 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. 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	6.49%	5/5/24
30 Year Conventional Refi	5.96%	5/5/24
15 Year Conventional Purchase	5.57%	5/5/24
15 Year Conventional Refi	6.31%	5/5/24
15 Year Cash-out Refi	6.31%	5/5/24
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.

Fort Worth City Credit Union Mortgage Calculator

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The default purchase price is the median sales price across the US for 2022Q4, per FRED.

Originations

Origination Dollar Volume (All Markets)

$6,880,000

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
Dallas-Fort Worth-Arlington, TX (FHA\|USDA\|VA)	58	$6,250,000	$107,759	$0	4.05%
WACO, TX (FHA\|USDA\|VA)	1	$275,000	$275,000	$0	4.77%
Outside of Metro Areas	1	$265,000	$265,000	$0	3.44%
Granbury, TX (FHA\|USDA\|VA)	2	$90,000	$45,000	$0	3.87%

Fort Worth City Credit Union's top markets include Dallas, Waco, and Granbury among others.

Their top states include:

Texas (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	62	$6,880,000	$110,968	$0	4.04%

For 2019, Fort Worth City Credit Union's most frequently originated type of loan was Conventional, with 62 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Improvement	46	$3,380,000	$73,478	$0	4.02%
Home Purchase	14	$3,310,000	$236,429	$0	4.14%
Refi	2	$190,000	$95,000	$0	3.89%

For 2019, Fort Worth City Credit Union's most frequently cited loan purpose was Home Improvement, with 46 originations. The 2nd most popular reason was Home Purchase, with 14 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
15 Year	36	$3,240,000	$90,000	$0	3.98%
30 Year	12	$2,840,000	$236,667	$0	4.31%
10 Year	9	$485,000	$53,889	$0	4.07%
5 Year	4	$130,000	$32,500	$0	3.71%
20 Year	1	$185,000	$185,000	$0	4.25%

For 2019, Fort Worth City Credit Union's most frequently cited loan duration was 15 Year, with 36 originations. The 2nd most popular length was 30 Year, with 12 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
3-4%	30	$2,650,000	$88,333
4-5%	24	$2,980,000	$124,167
5-6%	7	$905,000	$129,286
2.5-3%	1	$345,000	$345,000

During 2019, Fort Worth City Credit Union's average interest rate for loans was 4.31%, while their most frequently originated rate bucket for loans was 3-4%, with 30 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	41	$2,365,000	$57,683	$0	3.99%
$100k-200k	10	$1,440,000	$144,000	$0	3.98%
$200k-400k	10	$2,620,000	$262,000	$0	4.32%
$400k-600k	1	$455,000	$455,000	$0	4.02%

2019 saw Fort Worth City Credit Union place emphasis on $100,000 or less loans with 41 originations, totaling $2,365,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$75k-100k	19	$1,675,000	$88,158	$0	4.04%
$50k-75k	17	$1,485,000	$87,353	$0	3.87%
$100k-150k	14	$2,050,000	$146,429	$0	4.46%
$150k-250k	9	$1,505,000	$167,222	$0	3.79%
$50k or less	3	$165,000	$55,000	$0	3.83%

Fort Worth City Credit Union lent most frequently to those with incomes in the $75k-100k range, with 19 originations. The second most popular income band? $50k-75k, with 17 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	18	$1,590,000	$88,333	$0	3.80%
<20%	11	$885,000	$80,455	$0	3.98%
30-36%	10	$880,000	$88,000	$0	3.99%
38%	3	$225,000	$75,000	$0	4.52%
39%	3	$375,000	$125,000	$0	4.23%
44%	3	$355,000	$118,333	$0	4.76%
36%	3	$745,000	$248,333	$0	3.40%
37%	3	$385,000	$128,333	$0	4.37%
42%	3	$445,000	$148,333	$0	4.75%
40%	2	$380,000	$190,000	$0	3.68%
41%	2	$530,000	$265,000	$0	3.98%
43%	1	$85,000	$85,000	$0	5.16%

Fort Worth City Credit Union lent most frequently to those with DTI ratios of 20-30%, with 18 originations. The next most common DTI ratio? <20%, with 11 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	58	$6,200,000	$106,897	$0	4.06%
Black	4	$680,000	$170,000	$0	3.83%

Approval Rates

Total approvals of all applications
74.74%

Fort Worth City Credit Union has a below average approval rate.

Pick Rate

Approvals leading to origination
85.48%

Fort Worth City Credit Union has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
NA	62	$6,880,000	$110,968

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Single Family (1-4 Units):Site-Built	62	$6,880,000	$110,968

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	10	$540,000	$54,000	$0	3.80%
40-60%	19	$1,815,000	$95,526	$0	4.08%
60-80%	10	$1,630,000	$163,000	$0	3.78%
80-100%	10	$2,440,000	$244,000	$0	4.42%
Under 20%	13	$455,000	$35,000	$0	4.10%

Complaints

Bank Name	Product	Issue	2019 CPFB Complaints	% of Total Issues
Forthright Funding Corporation	VA mortgage	Applying for a mortgage or refinancing an existing mortgage	1	100.0%