Fivepoint Credit Union Mortgage Rates, Fees & Info

Nederland, TX

LEI: 549300HO5ZZCX2Z8V467

Tax ID: 74-1109889

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

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Mortgage Data

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

    Fivepoint Credit Union is a smaller credit union specializing in Home Purchase and Refi loans. Fivepoint Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Beaumont, Houston, Lufkin, Waco, and Daphne among others. We have data for 6 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.

    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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    Originations

    359

    Origination Dollar Volume (All Markets)

    $61,645,000

    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) 294 $46,550,000 $158,333 $0 0.00%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 43 $10,035,000 $233,372 $0 0.00%
    Outside of Metro Areas 17 $3,565,000 $209,706 $0 0.00%
    Lufkin, TX (FHA|USDA|VA) 2 $600,000 $300,000 $0 0.00%
    WACO, TX (FHA|USDA|VA) 2 $480,000 $240,000 $0 0.00%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $415,000 $415,000 $0 0.00%
    Fivepoint Credit Union's top markets include Beaumont, Houston, Lufkin, Waco, and Daphne 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 359 $61,645,000 $171,713 $0 0.00%

    For 2022, Fivepoint Credit Union's most frequently originated type of loan was Conventional, with 359 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 154 $34,220,000 $222,208 $0 0.00%
    Refi 146 $23,340,000 $159,863 $0 0.00%
    Home Improvement 59 $4,085,000 $69,237 $0 0.00%

    For 2022, Fivepoint Credit Union's most frequently cited loan purpose was Home Purchase, with 154 originations. The 2nd most popular reason was Refi, with 146 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 359 $61,645,000 $171,713 $0 0.00%

    For 2022, Fivepoint Credit Union's most frequently cited loan duration was Other, with 359 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 130 $7,920,000 $60,923 $0 0.00%
    $100k-200k 126 $18,030,000 $143,095 $0 0.00%
    $200k-400k 84 $22,230,000 $264,643 $0 0.00%
    $400k-600k 14 $6,540,000 $467,143 $0 0.00%
    $1MM+ 3 $5,395,000 $1,798,333 $0 0.00%
    $600k-1MM 2 $1,530,000 $765,000 $0 0.00%

    2022 saw Fivepoint Credit Union place emphasis on $100,000 or less loans with 130 originations, totaling $7,920,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 79 $13,705,000 $173,481 $0 0.00%
    $75k-100k 57 $8,905,000 $156,228 $0 0.00%
    $50k-75k 56 $5,910,000 $105,536 $0 0.00%
    $150k-250k 55 $9,975,000 $181,364 $0 0.00%
    $50k or less 35 $2,495,000 $71,286 $0 0.00%
    $250k+ 12 $4,510,000 $375,833 $0 0.00%

    Fivepoint Credit Union lent most frequently to those with incomes in the $100k-150k range, with 79 originations. The second most popular income band? $75k-100k, with 57 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 359 $61,645,000 $171,713 $0 0.00%

    Fivepoint Credit Union lent most frequently to those with DTI ratios of Exempt%, with 359 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 213 $34,955,000 $164,108 $0 0.00%
    Not applicable 61 $15,495,000 $254,016 $0 0.00%
    Not provided 47 $6,755,000 $143,723 $0 0.00%
    Black 27 $2,725,000 $100,926 $0 0.00%
    Asian 7 $1,265,000 $180,714 $0 0.00%
    American Indian 3 $395,000 $131,667 $0 0.00%
    Other Pacific Islander 1 $55,000 $55,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    84.50%

    Fivepoint Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    86.07%

    Fivepoint Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 359 $61,645,000 $171,713

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    359 $61,645,000 $171,713