Fort Worth City Credit Union Mortgage Rates, Fees & Info
Fort Worth, TXLEI: 549300EW5YD0HPCTME62
Tax ID: 75-0275573
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Mortgage Data
Review & Overview
Fort Worth City Credit Union is a smaller credit union specializing in Cash Out Refi, Refi, and Home Purchase loans. Fort Worth City Credit Union has a high proportion of conventional loans. Their top two markets are Dallas and Granbury .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.
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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
96Origination Dollar Volume (All Markets)
$11,460,000Top 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 |
|---|---|---|---|---|---|
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 92 | $10,760,000 | $116,957 | $0 | 0.00% |
| Granbury, TX (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $80,000 | $40,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 96 | $11,460,000 | $119,375 | $0 | 0.00% |
For 2021, Fort Worth City Credit Union's most frequently originated type of loan was Conventional, with 96 originations.
Loan Reason
For 2021, Fort Worth City Credit Union's most frequently cited loan purpose was Cash Out Refi, with 62 originations. The 2nd most popular reason was Refi, with 21 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 96 | $11,460,000 | $119,375 | $0 | 0.00% |
For 2021, Fort Worth City Credit Union's most frequently cited loan duration was Other, with 96 originations.
Loan Sizing
2021 saw Fort Worth City Credit Union place emphasis on $100,000 or less loans with 62 originations, totaling $3,420,000 in origination value.
Applicant Income
Fort Worth City Credit Union lent most frequently to those with incomes in the $100k-150k range, with 29 originations. The second most popular income band? $75k-100k, with 25 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 96 | $11,460,000 | $119,375 | $0 | 0.00% |
Fort Worth City Credit Union lent most frequently to those with DTI ratios of Exempt%, with 96 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.43%
Fort Worth City Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination73.96%
Fort Worth City Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 96 | $11,460,000 | $119,375 |