Fivepoint Credit Union Mortgage Rates, Fees & Info

Nederland, TX

LEI: 549300HO5ZZCX2Z8V467

Tax ID: 74-1109889

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Mortgage Data

Review & Overview

Fivepoint Credit Union is a smaller credit union specializing in Refi and Home Purchase loans. Fivepoint Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Beaumont, Houston, San Antonio, Daphne, and Austin among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

Fivepoint 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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Originations

361

Origination Dollar Volume (All Markets)

$50,705,000

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
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 315 $39,815,000 $126,397 $0 0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 25 $6,685,000 $267,400 $0 0.00%
Outside of Metro Areas 16 $3,030,000 $189,375 $0 0.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $410,000 $205,000 $0 0.00%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $375,000 $375,000 $0 0.00%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
Lufkin, TX (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
Fivepoint Credit Union's top markets include Beaumont, Houston, San Antonio, Daphne, and Austin among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 361 $50,705,000 $140,457 $0 0.00%

    For 2021, Fivepoint Credit Union's most frequently originated type of loan was Conventional, with 361 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 196 $27,920,000 $142,449 $0 0.00%
    Home Purchase 113 $19,565,000 $173,142 $0 0.00%
    Home Improvement 52 $3,220,000 $61,923 $0 0.00%

    For 2021, Fivepoint Credit Union's most frequently cited loan purpose was Refi, with 196 originations. The 2nd most popular reason was Home Purchase, with 113 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 361 $50,705,000 $140,457 $0 0.00%

    For 2021, Fivepoint Credit Union's most frequently cited loan duration was Other, with 361 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 163 $10,235,000 $62,791 $0 0.00%
    $100k-200k 133 $18,735,000 $140,865 $0 0.00%
    $200k-400k 55 $14,775,000 $268,636 $0 0.00%
    $400k-600k 5 $2,395,000 $479,000 $0 0.00%
    $600k-1MM 4 $2,880,000 $720,000 $0 0.00%
    $1MM+ 1 $1,685,000 $1,685,000 $0 0.00%

    2021 saw Fivepoint Credit Union place emphasis on $100,000 or less loans with 163 originations, totaling $10,235,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 69 $7,775,000 $112,681 $0 0.00%
    $100k-150k 59 $9,685,000 $164,153 $0 0.00%
    $50k-75k 58 $5,590,000 $96,379 $0 0.00%
    $150k-250k 55 $10,135,000 $184,273 $0 0.00%
    $50k or less 48 $3,470,000 $72,292 $0 0.00%
    $250k+ 13 $5,425,000 $417,308 $0 0.00%

    Fivepoint Credit Union lent most frequently to those with incomes in the $75k-100k range, with 69 originations. The second most popular income band? $100k-150k, with 59 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 361 $50,705,000 $140,457 $0 0.00%

    Fivepoint Credit Union lent most frequently to those with DTI ratios of Exempt%, with 361 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 214 $29,330,000 $137,056 $0 0.00%
    Not provided 62 $9,760,000 $157,419 $0 0.00%
    Not applicable 46 $6,450,000 $140,217 $0 0.00%
    Black 33 $4,265,000 $129,242 $0 0.00%
    Asian 4 $700,000 $175,000 $0 0.00%
    Other Pacific Islander 1 $155,000 $155,000 $0 0.00%
    Vietnamese 1 $45,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.12%

    Fivepoint Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.99%

    Fivepoint Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 361 $50,705,000 $140,457

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    361 $50,705,000 $140,457