Hughes Federal Credit Union Mortgage Rates, Fees & Info

Tucson, AZ

LEI: 549300HPQK71BCBQVT93

Tax ID: 86-0107651

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Relative Rates
  • 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

    Hughes Federal Credit Union is a smaller credit union specializing in Other and Home Improvement loans. Their top markets by origination volume include: Tucson, Phoenix, Yuma, Safford, and Show Low among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Hughes Federal 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 relatively high 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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    Originations

    355

    Origination Dollar Volume (All Markets)

    $27,905,000

    Relative Rate

    Hughes Federal Credit Union's average 30 year fixed mortgage rate was 9.68%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of 3.13%.

    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
    TUCSON, AZ (FHA|USDA|VA) 261 $19,755,000 $75,690 $0 9.66%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 66 $6,160,000 $93,333 $0 9.81%
    YUMA, AZ (FHA|USDA|VA) 4 $460,000 $115,000 $0 10.25%
    Safford, AZ (FHA|USDA|VA) 7 $415,000 $59,286 $0 9.93%
    Show Low, AZ (FHA|USDA|VA) 3 $315,000 $105,000 $0 9.83%
    SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 5 $285,000 $57,000 $0 9.90%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 2 $180,000 $90,000 $0 9.50%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 3 $135,000 $45,000 $0 10.17%
    Nogales, AZ (FHA|USDA|VA) 2 $110,000 $55,000 $0 9.50%
    Payson, AZ (FHA|USDA|VA) 1 $45,000 $45,000 $0 9.50%
    Outside of Metro Areas 1 $45,000 $45,000 $0 9.50%
    Hughes Federal Credit Union's top markets include Tucson, Phoenix, Yuma, Safford, and Show Low among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 355 $27,905,000 $78,606 n/a 9.71%

    For 2024, Hughes Federal Credit Union's most frequently originated type of loan was HELOC, with 355 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 206 $16,510,000 $80,146 $0 9.75%
    Home Improvement 149 $11,395,000 $76,477 $0 9.65%

    For 2024, Hughes Federal Credit Union's most frequently cited loan purpose was Other, with 206 originations. The 2nd most popular reason was Home Improvement, with 149 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 246 $24,190,000 $98,333 $0 9.68%
    Other 106 $3,660,000 $34,528 $0 9.77%
    20 Year 3 $55,000 $18,333 $0 9.50%

    For 2024, Hughes Federal Credit Union's most frequently cited loan duration was 30 Year, with 246 originations. The 2nd most popular length was Other, with 106 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 355 $27,905,000 $78,606

    During 2024, Hughes Federal Credit Union's average interest rate for loans was 9.68%, while their most frequently originated rate bucket for loans was Over 8%, with 355 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 267 $14,775,000 $55,337 $0 9.72%
    $100k-200k 72 $9,370,000 $130,139 $0 9.65%
    $200k-400k 16 $3,760,000 $235,000 $0 9.75%

    2024 saw Hughes Federal Credit Union place emphasis on $100,000 or less loans with 267 originations, totaling $14,775,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 104 $8,110,000 $77,981 $0 9.69%
    $150k-250k 73 $7,885,000 $108,014 $0 9.82%
    $75k-100k 64 $4,180,000 $65,313 $0 9.73%
    $50k-75k 58 $3,410,000 $58,793 $0 9.71%
    $50k or less 34 $1,770,000 $52,059 $0 9.50%
    $250k+ 16 $2,210,000 $138,125 $0 9.75%

    Hughes Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 104 originations. The second most popular income band? $150k-250k, with 73 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 78 $6,090,000 $78,077 $0 9.75%
    20-30% 76 $6,280,000 $82,632 $0 9.63%
    <20% 23 $1,585,000 $68,913 $0 9.63%
    42% 20 $1,790,000 $89,500 $0 9.70%
    36% 19 $1,395,000 $73,421 $0 9.50%
    47% 18 $1,270,000 $70,556 $0 9.94%
    37% 14 $1,020,000 $72,857 $0 10.04%
    45% 14 $1,270,000 $90,714 $0 9.50%
    40% 13 $1,125,000 $86,538 $0 9.73%
    41% 12 $1,040,000 $86,667 $0 10.04%
    43% 12 $1,000,000 $83,333 $0 9.50%
    44% 12 $960,000 $80,000 $0 9.75%
    46% 12 $770,000 $64,167 $0 9.67%
    48% 12 $750,000 $62,500 $0 9.83%
    39% 11 $895,000 $81,364 $0 9.68%
    38% 7 $605,000 $86,429 $0 9.50%
    49% 2 $60,000 $30,000 $0 10.00%

    Hughes Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 78 originations. The next most common DTI ratio? 20-30%, with 76 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 262 $20,970,000 $80,038 $0 9.70%
    Not provided 69 $5,245,000 $76,014 $0 9.74%
    Black 13 $905,000 $69,615 $0 9.73%
    Asian 4 $360,000 $90,000 $0 9.50%
    American Indian 6 $320,000 $53,333 $0 9.67%
    Native Hawaiian or Islander 1 $105,000 $105,000 $0 9.50%

    Approval Rates

    Total approvals of all applications
    70.95%

    Hughes Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    32.11%

    Hughes Federal Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 355 $27,905,000 $78,606

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    355 $27,905,000 $78,606

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 125 $13,975,000 $111,800 $0 9.64%
    40-60% 16 $2,490,000 $155,625 $0 9.75%
    60-80% 2 $410,000 $205,000 $0 10.00%
    Under 20% 212 $11,030,000 $52,028 $0 9.74%