Gulf Coast Educators Federal Credit Union Mortgage Rates, Fees & Info

Pasadena, TX

LEI: 549300HC2W2SFF3LU356

Tax ID: 74-1109899

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

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

    Gulf Coast Educators Federal Credit Union is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. Gulf Coast Educators Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Houston, Dallas, San Antonio, Austin, and College Station among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Gulf Coast Educators 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. Gulf Coast Educators Federal Credit Union is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.43% 12/16/24
    30 Year Conventional Refi 6.17% 12/16/24
    30 Year Cash-out Refi 6.46% 12/16/24
    15 Year Conventional Purchase 5.51% 12/16/24
    15 Year Conventional Refi 5.90% 12/16/24
    15 Year Cash-out Refi 5.90% 12/16/24
    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.

    Gulf Coast Educators Federal Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Gulf Coast Educators Federal Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

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


    Originations

    418

    Origination Dollar Volume (All Markets)

    $88,320,000

    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
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 367 $75,055,000 $204,510 $4,666 5.16%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 12 $3,710,000 $309,167 $6,559 5.65%
    Outside of Metro Areas 12 $2,290,000 $190,833 $5,802 5.06%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 7 $1,845,000 $263,571 $4,867 5.87%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 5 $1,335,000 $267,000 $3,842 5.30%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 3 $865,000 $288,333 $5,147 5.53%
    VICTORIA, TX (FHA|USDA|VA) 2 $720,000 $360,000 $5,521 4.85%
    Gainesville, TX (FHA|USDA|VA) 2 $660,000 $330,000 $5,765 5.41%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 2 $420,000 $210,000 $4,724 5.73%
    Huntsville, TX (FHA|USDA|VA) 1 $325,000 $325,000 $4,699 3.25%
    Brenham, TX (FHA|USDA|VA) 1 $315,000 $315,000 $5,380 5.85%
    AMARILLO, TX (FHA|USDA|VA) 1 $285,000 $285,000 $5,271 5.13%
    PITTSBURGH, PA (FHA|USDA|VA) 1 $185,000 $185,000 $5,189 5.00%
    EL PASO, TX (FHA|USDA|VA) 1 $185,000 $185,000 $5,289 7.00%
    WICHITA FALLS, TX (FHA|USDA|VA) 1 $125,000 $125,000 $4,869 3.63%
    Gulf Coast Educators Federal Credit Union's top markets include Houston, Dallas, San Antonio, Austin, and College Station among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against GULF COAST EDUCATORS FEDERAL CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    PRIMEWAY
    Similarity Rank: 249
    AMOCO
    Similarity Rank: 510
    A+ Federal Credit Union
    Similarity Rank: 858
    FIRST CONTINENTAL MORTGAGE, LTD.
    Similarity Rank: 860
    TEXAS BAY
    Similarity Rank: 957
    CAPITAL PLUS FINANCIAL, LLC
    Similarity Rank: 1032
    COMMUNITY RESOURCE CREDIT UNION
    Similarity Rank: 1074
    AAXY L.L.C.
    Similarity Rank: 1344
    PRIORITY HOME MORTGAGE, L.P.
    Similarity Rank: 1482
    JSC
    Similarity Rank: 1924

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 418 $88,320,000 $211,292 $4,766 5.18%

    For 2022, Gulf Coast Educators Federal Credit Union's most frequently originated type of loan was Conventional, with 418 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 231 $62,735,000 $271,580 $6,608 5.07%
    Cash Out Refi 168 $22,180,000 $132,024 $2,220 5.51%
    Refi 19 $3,405,000 $179,211 $4,882 3.67%

    For 2022, Gulf Coast Educators Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 231 originations. The 2nd most popular reason was Cash Out Refi, with 168 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 257 $70,345,000 $273,716 $6,690 4.95%
    15 Year 60 $7,630,000 $127,167 $2,547 5.55%
    20 Year 51 $6,815,000 $133,627 $1,725 5.84%
    10 Year 32 $2,210,000 $69,063 $604 5.74%
    5 Year 17 $1,055,000 $62,059 $182 4.42%
    Other 1 $265,000 $265,000 $9,635 3.88%

    For 2022, Gulf Coast Educators Federal Credit Union's most frequently cited loan duration was 30 Year, with 257 originations. The 2nd most popular length was 15 Year, with 60 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 247 $63,465,000 $256,943
    $<1k 123 $10,785,000 $87,683
    $5k+ 40 $12,400,000 $310,000
    $3k-4k 4 $870,000 $217,500
    $2k-3k 2 $370,000 $185,000
    $4k-5k 2 $430,000 $215,000

    Gulf Coast Educators Federal Credit Union's average total fees were $6,690, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 247 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 149 $32,925,000 $220,973
    4-5% 104 $24,930,000 $239,712
    3-4% 73 $17,745,000 $243,082
    6-7% 42 $6,480,000 $154,286
    2.5-3% 20 $3,250,000 $162,500
    7-8% 17 $1,905,000 $112,059
    Over 8% 13 $1,085,000 $83,462

    During 2022, Gulf Coast Educators Federal Credit Union's average interest rate for loans was 4.95%, while their most frequently originated rate bucket for loans was 5-6%, with 149 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 198 $55,710,000 $281,364 $6,530 4.90%
    $100,000 or less 100 $6,570,000 $65,700 $740 5.94%
    $100k-200k 97 $15,305,000 $157,784 $4,109 5.08%
    $400k-600k 22 $10,110,000 $459,545 $9,150 4.75%
    $600k-1MM 1 $625,000 $625,000 $25,331 4.25%

    2022 saw Gulf Coast Educators Federal Credit Union place emphasis on $200k-400k loans with 198 originations, totaling $55,710,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 145 $34,815,000 $240,103 $5,506 5.14%
    $150k-250k 85 $21,305,000 $250,647 $5,198 5.30%
    $75k-100k 82 $14,560,000 $177,561 $4,105 5.13%
    $50k-75k 76 $12,280,000 $161,579 $4,075 5.03%
    $50k or less 18 $1,590,000 $88,333 $1,937 5.86%
    $250k+ 10 $3,440,000 $344,000 $6,430 5.16%

    Gulf Coast Educators Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 145 originations. The second most popular income band? $150k-250k, with 85 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 102 $21,920,000 $214,902 $4,878 5.14%
    20-30% 73 $14,635,000 $200,479 $4,372 4.89%
    38% 33 $7,715,000 $233,788 $5,548 5.25%
    44% 27 $4,705,000 $174,259 $3,872 5.70%
    42% 24 $5,200,000 $216,667 $4,430 5.58%
    43% 22 $4,330,000 $196,818 $4,863 5.13%
    39% 21 $5,205,000 $247,857 $4,493 4.55%
    36% 20 $4,100,000 $205,000 $4,063 5.28%
    41% 20 $4,640,000 $232,000 $5,906 5.11%
    40% 18 $4,120,000 $228,889 $5,346 5.55%
    37% 17 $3,825,000 $225,000 $5,629 5.69%
    <20% 15 $3,425,000 $228,333 $6,750 4.15%
    45% 10 $1,870,000 $187,000 $4,148 6.03%
    46% 5 $775,000 $155,000 $1,469 5.26%
    47% 4 $990,000 $247,500 $5,062 5.21%
    48% 3 $355,000 $118,333 $3,189 5.21%
    49% 2 $240,000 $120,000 $2,769 6.12%
    50-60% 2 $270,000 $135,000 $1,769 6.80%

    Gulf Coast Educators Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 102 originations. The next most common DTI ratio? 20-30%, with 73 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 291 $62,575,000 $215,034 $4,810 5.14%
    Not provided 84 $16,500,000 $196,429 $4,392 5.16%
    Black 25 $5,755,000 $230,200 $5,161 5.82%
    Asian 12 $2,380,000 $198,333 $5,774 5.14%
    American Indian 4 $690,000 $172,500 $3,833 4.93%
    Native Hawaiian or Islander 2 $420,000 $210,000 $4,993 5.24%

    Approval Rates

    Total approvals of all applications
    93.06%

    Gulf Coast Educators Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.78%

    Gulf Coast Educators Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 418 $88,320,000 $211,292

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    418 $88,320,000 $211,292

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 52 $4,250,000 $81,731 $736 5.84%
    40-60% 34 $5,250,000 $154,412 $3,093 4.51%
    60-80% 86 $19,680,000 $228,837 $5,789 4.82%
    80-100% 175 $46,665,000 $266,657 $6,449 5.02%
    Over 100% 33 $10,125,000 $306,818 $6,377 5.35%
    Under 20% 38 $2,350,000 $61,842 $315 6.32%