Go Federal Credit Union Mortgage Rates, Fees & Info
Dallas, TXLEI: 549300JCJTE5UXLF3V46
Tax ID: 75-0807953
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Mortgage Data
Review & Overview
Go Federal Credit Union is a smaller credit union specializing in Refi and Cash Out Refi loans. Go Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, San Diego, College Station, Corsicana, and Houston among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Go 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. Go 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.
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Originations
54Origination Dollar Volume (All Markets)
$9,750,000Top 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) | 49 | $8,195,000 | $167,245 | $6,812 | 3.87% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $785,000 | $785,000 | $4,751 | 2.75% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $4,367 | 3.63% |
| Corsicana, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $7,546 | 4.25% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,643 | 3.38% |
| Outside of Metro Areas | 1 | $65,000 | $65,000 | $0 | 4.49% |
Similar Lenders
We use machine learning to identify the top lenders compared against GO Federal Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 54 | $9,750,000 | $180,556 | $6,572 | 3.85% |
For 2020, Go Federal Credit Union's most frequently originated type of loan was Conventional, with 54 originations.
Loan Reason
For 2020, Go Federal Credit Union's most frequently cited loan purpose was Refi, with 20 originations. The 2nd most popular reason was Other, with 14 originations.
Loan Duration/Length
For 2020, Go Federal Credit Union's most frequently cited loan duration was 30 Year, with 20 originations. The 2nd most popular length was Other, with 15 originations.
Origination Fees/Closing Costs
Go Federal Credit Union's average total fees were $7,773, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 11 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 29 | $5,195,000 | $179,138 |
| 2.5-3% | 11 | $3,465,000 | $315,000 |
| 4-5% | 8 | $780,000 | $97,500 |
| 6-7% | 4 | $220,000 | $55,000 |
| 5-6% | 2 | $90,000 | $45,000 |
During 2020, Go Federal Credit Union's average interest rate for loans was 3.42%, while their most frequently originated rate bucket for loans was 3-4%, with 29 originations.
Loan Sizing
2020 saw Go Federal Credit Union place emphasis on $100,000 or less loans with 26 originations, totaling $1,400,000 in origination value.
Applicant Income
Go Federal Credit Union lent most frequently to those with incomes in the $75k-100k range, with 13 originations. The second most popular income band? $50k-75k, with 11 originations.
Applicant Debt to Income Ratio
Go Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 16 originations. The next most common DTI ratio? 30-36%, with 9 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications80.95%
Go Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination38.89%
Go 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 | 54 | $9,750,000 | $180,556 |