Associated Credit Union Of Texas Mortgage Rates, Fees & Info

League City, TX

LEI: 549300JX4XZ2XQAMU684

Tax ID: 74-1321144

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

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

    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.

    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 6.46% 12/16/24
    30 Year Conventional Refi 6.98% 12/16/24
    30 Year Cash-out Refi 5.74% 12/16/24
    30 Year FHA Purchase 6.27% 12/16/24
    15 Year Conventional Purchase 10.35% 12/16/24
    15 Year Conventional Refi 6.89% 12/16/24
    15 Year Cash-out Refi 6.89% 12/16/24
    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






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Associated Credit Union Of Texas. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    60

    Origination Dollar Volume (All Markets)

    $8,270,000

    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
    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%
    Associated Credit Union Of Texas's top markets include Houston, San Antonio, and Dallas among others.

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

    • 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.

    CORNERSTONE MORTGAGE PROVIDERS
    Similarity Rank: 291
    PRIORITY HOME MORTGAGE, L.P.
    Similarity Rank: 360
    Priority Bank
    Similarity Rank: 456
    ADVISA MORTGAGE SERVICES, LTD.
    Similarity Rank: 678
    CAPITAL PLUS FINANCIAL, LLC
    Similarity Rank: 729
    JSC
    Similarity Rank: 900
    TEXAS BAY
    Similarity Rank: 980
    OCEANSIDE MORTGAGE COMPANY
    Similarity Rank: 1840
    East West Bank
    Similarity Rank: 1848
    MEMBER HOME LOAN, L.L.C.
    Similarity Rank: 1862

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 31 $4,485,000 $144,677 $0 4.55%
    Cash Out Refi 14 $1,220,000 $87,143 $0 4.66%
    Home Purchase 12 $2,270,000 $189,167 $0 4.51%
    Home Improvement 3 $295,000 $98,333 $0 5.58%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 37 $4,565,000 $123,378 $0 4.80%
    30 Year 13 $2,605,000 $200,385 $0 4.27%
    10 Year 9 $965,000 $107,222 $0 4.36%
    20 Year 1 $135,000 $135,000 $0 4.63%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 31 $4,495,000 $145,000 $0 4.43%
    $100,000 or less 22 $1,550,000 $70,455 $0 4.77%
    $200k-400k 6 $1,770,000 $295,000 $0 5.29%
    $400k-600k 1 $455,000 $455,000 $0 3.00%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 15 $2,375,000 $158,333 $0 4.95%
    $50k-75k 12 $1,420,000 $118,333 $0 4.28%
    $150k-250k 11 $1,785,000 $162,273 $0 4.79%
    $75k-100k 11 $1,425,000 $129,545 $0 4.42%
    $50k or less 8 $720,000 $90,000 $0 4.42%
    $250k+ 2 $400,000 $200,000 $0 5.13%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 12 $1,570,000 $130,833 $0 4.52%
    50-60% 9 $1,555,000 $172,778 $0 4.17%
    30-36% 6 $740,000 $123,333 $0 4.58%
    44% 4 $560,000 $140,000 $0 5.00%
    36% 4 $610,000 $152,500 $0 5.13%
    <20% 3 $305,000 $101,667 $0 4.88%
    39% 3 $275,000 $91,667 $0 4.79%
    40% 3 $595,000 $198,333 $0 4.53%
    47% 3 $575,000 $191,667 $0 4.63%
    49% 3 $445,000 $148,333 $0 4.50%
    48% 2 $230,000 $115,000 $0 4.56%
    46% 2 $210,000 $105,000 $0 5.94%
    45% 2 $210,000 $105,000 $0 4.31%
    43% 1 $105,000 $105,000 $0 4.38%
    37% 1 $125,000 $125,000 $0 3.75%
    38% 1 $95,000 $95,000 $0 4.80%
    42% 1 $65,000 $65,000 $0 4.88%

    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 applications
    65.35%

    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 origination
    80.00%

    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

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 10 $1,450,000 $145,000 $0 4.79%
    40-60% 14 $1,420,000 $101,429 $0 4.54%
    60-80% 22 $3,310,000 $150,455 $0 4.53%
    80-100% 10 $1,850,000 $185,000 $0 4.35%
    Under 20% 4 $240,000 $60,000 $0 5.63%

    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%