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 Refi and Home Purchase loans. Associated Credit Union Of Texas has a high proportion of conventional loans. Their top markets by origination volume include: Houston, San Antonio, and Dallas among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Associated Credit Union Of Texas has a below 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.46% | 5/4/24 |
| 30 Year Conventional Refi | 6.98% | 5/4/24 |
| 30 Year Cash-out Refi | 5.74% | 5/4/24 |
| 30 Year FHA Purchase | 6.27% | 5/4/24 |
| 15 Year Conventional Purchase | 10.35% | 5/4/24 |
| 15 Year Conventional Refi | 6.89% | 5/4/24 |
| 15 Year Cash-out Refi | 6.89% | 5/4/24 |
| 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
60Origination Dollar Volume (All Markets)
$8,270,000Top 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 |
|---|---|---|---|---|---|
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 56 | $7,300,000 | $130,357 | $0 | 4.63% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $0 | 4.75% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 4.25% |
| Outside of Metro Areas | 1 | $75,000 | $75,000 | $0 | 4.38% |
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 | 60 | $8,270,000 | $137,833 | $0 | 4.62% |
For 2018, Associated Credit Union Of Texas's most frequently originated type of loan was Conventional, with 60 originations.
Loan Reason
For 2018, Associated Credit Union Of Texas's most frequently cited loan purpose was Refi, with 31 originations. The 2nd most popular reason was Cash Out Refi, with 14 originations.
Loan Duration/Length
For 2018, Associated Credit Union Of Texas's most frequently cited loan duration was 15 Year, with 37 originations. The 2nd most popular length was 30 Year, with 13 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 44 | $5,680,000 | $129,091 |
| 3-4% | 7 | $1,105,000 | $157,857 |
| 5-6% | 5 | $335,000 | $67,000 |
| 6-7% | 3 | $695,000 | $231,667 |
| 2.5-3% | 1 | $455,000 | $455,000 |
During 2018, Associated Credit Union Of Texas's average interest rate for loans was 4.27%, while their most frequently originated rate bucket for loans was 4-5%, with 44 originations.
Loan Sizing
2018 saw Associated Credit Union Of Texas place emphasis on $100k-200k loans with 31 originations, totaling $4,495,000 in origination value.
Applicant Income
Associated Credit Union Of Texas lent most frequently to those with incomes in the $100k-150k range, with 15 originations. The second most popular income band? $50k-75k, with 12 originations.
Applicant Debt to Income Ratio
Associated Credit Union Of Texas lent most frequently to those with DTI ratios of 20-30%, with 12 originations. The next most common DTI ratio? 50-60%, with 9 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 54 | $7,750,000 | $143,519 | $0 | 4.59% |
| Black | 6 | $520,000 | $86,667 | $0 | 4.85% |
Approval Rates
Total approvals of all applications65.35%
Associated Credit Union Of Texas has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination80.00%
Associated Credit Union Of Texas has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 60 | $8,270,000 | $137,833 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 60 | $8,270,000 | $137,833 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| ASSOCIATED BANC-CORP | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 9.1% |
| ASSOCIATED BANC-CORP | Conventional home mortgage | Trouble during payment process | 7 | 63.6% |
| ASSOCIATED BANC-CORP | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 9.1% |
| ASSOCIATED BANC-CORP | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 9.1% |
| ASSOCIATED BANC-CORP | Other type of mortgage | Trouble during payment process | 1 | 9.1% |