Associated Credit Union Of Texas Mortgage Rates, Fees & Info
League City, TXLEI: 549300JX4XZ2XQAMU684
Tax ID: 74-1321144
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Mortgage Data
Review & Overview
Associated Credit Union Of Texas is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Associated Credit Union Of Texas has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Houston, Dallas, San Antonio, Brenham, and College Station among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Associated Credit Union Of Texas 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. Associated Credit Union Of Texas 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 | 7.10% | 4/5/25 |
| 30 Year Conventional Refi | 6.36% | 4/5/25 |
| 30 Year Cash-out Refi | 7.17% | 4/5/25 |
| 30 Year FHA Purchase | 7.15% | 4/5/25 |
| 30 Year VA Purchase | 7.14% | 4/5/25 |
| 15 Year Conventional Purchase | 7.31% | 4/5/25 |
| 15 Year Conventional Refi | 6.81% | 4/5/25 |
| 15 Year Cash-out Refi | 6.81% | 4/5/25 |
| 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. | ||
Associated Credit Union Of Texas Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
141Origination Dollar Volume (All Markets)
$22,575,000Relative Rate
Associated Credit Union Of Texas's average 30 year fixed mortgage rate was
6.68%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.13%.
Relative Fees (Closing Costs)
Associated Credit Union Of Texas's average total fees/closing costs for a 30 year fixed rate
mortgage were $8,980.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $8,356.
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) | 128 | $19,860,000 | $155,156 | $5,147 | 7.09% |
| Outside of Metro Areas | 4 | $1,170,000 | $292,500 | $8,386 | 6.94% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 4 | $740,000 | $185,000 | $6,019 | 7.31% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $1,004 | 7.50% |
| Brenham, TX (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $4,333 | 6.74% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $4,041 | 7.37% |
Similar Lenders
We use machine learning to identify the top lenders compared against ASSOCIATED CREDIT UNION OF TEXAS 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 | 133 | $19,615,000 | $147,481 | $4,650 | 7.13% |
| FHA | 6 | $2,190,000 | $365,000 | $16,095 | 6.44% |
| VA | 2 | $770,000 | $385,000 | $9,593 | 6.69% |
For 2024, Associated Credit Union Of Texas's most frequently originated type of loan was Conventional, with 133 originations. Their 2nd most popular type was FHA, with 6 originations.
Loan Reason
For 2024, Associated Credit Union Of Texas's most frequently cited loan purpose was Cash Out Refi, with 100 originations. The 2nd most popular reason was Home Purchase, with 35 originations.
Loan Duration/Length
For 2024, Associated Credit Union Of Texas's most frequently cited loan duration was 15 Year, with 77 originations. The 2nd most popular length was 30 Year, with 39 originations.
Origination Fees/Closing Costs
Associated Credit Union Of Texas's average total fees were $8,980, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 49 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 65 | $12,085,000 | $185,923 |
| 7-8% | 42 | $5,660,000 | $134,762 |
| 5-6% | 19 | $2,495,000 | $131,316 |
| Over 8% | 14 | $2,280,000 | $162,857 |
| 4-5% | 1 | $55,000 | $55,000 |
During 2024, Associated Credit Union Of Texas's average interest rate for loans was 6.68%, while their most frequently originated rate bucket for loans was 6-7%, with 65 originations.
Loan Sizing
2024 saw Associated Credit Union Of Texas place emphasis on $100,000 or less loans with 52 originations, totaling $3,200,000 in origination value.
Applicant Income
Associated Credit Union Of Texas lent most frequently to those with incomes in the $100k-150k range, with 48 originations. The second most popular income band? $150k-250k, with 41 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 50-60% | 1 | $475,000 | $475,000 | $25,430 | 6.50% |
Associated Credit Union Of Texas lent most frequently to those with DTI ratios of 50-60%, with 1 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
Associated Credit Union Of Texas has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination87.23%
Associated Credit Union Of Texas has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 141 | $22,575,000 | $160,106 |