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 loans. Associated Credit Union Of Texas has a high proportion of conventional loans. Their top markets by origination volume include: Houston, Beaumont, College Station, and Nacogdoches among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Associated Credit Union Of Texas 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. 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    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






    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

    140

    Origination Dollar Volume (All Markets)

    $16,370,000

    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) 136 $15,840,000 $116,471 $3,091 4.61%
    Outside of Metro Areas 1 $205,000 $205,000 $4,049 3.99%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $135,000 $135,000 $4,816 4.25%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $135,000 $135,000 $2,185 4.25%
    Nacogdoches, TX (FHA|USDA|VA) 1 $55,000 $55,000 $2,765 4.88%
    Associated Credit Union Of Texas's top markets include Houston, Beaumont, College Station, and Nacogdoches 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.

    AAXY L.L.C.
    Similarity Rank: 368
    MEMBERS CHOICE Credit Union
    Similarity Rank: 549
    Resource One Credit Union
    Similarity Rank: 582
    SMART FINANCIAL CREDIT UNION
    Similarity Rank: 707
    HIGHLAND HOMELOANS, LLC
    Similarity Rank: 750
    TEXAS BAY
    Similarity Rank: 888
    CAPITAL PLUS FINANCIAL, LLC
    Similarity Rank: 894
    AMERANT BANK, NATIONAL ASSOCIATION
    Similarity Rank: 1060
    JSC
    Similarity Rank: 1296
    ADVISA MORTGAGE SERVICES, LTD.
    Similarity Rank: 1475

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 140 $16,370,000 $116,929 $3,102 4.60%

    For 2019, Associated Credit Union Of Texas's most frequently originated type of loan was Conventional, with 140 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 77 $10,945,000 $142,143 $3,514 4.40%
    Cash Out Refi 39 $2,865,000 $73,462 $2,433 4.73%
    Home Purchase 13 $1,845,000 $141,923 $4,019 4.72%
    Home Improvement 11 $715,000 $65,000 $1,424 5.36%

    For 2019, Associated Credit Union Of Texas's most frequently cited loan purpose was Refi, with 77 originations. The 2nd most popular reason was Cash Out Refi, with 39 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 85 $10,155,000 $119,471 $3,121 4.56%
    10 Year 29 $2,135,000 $73,621 $2,116 4.74%
    30 Year 20 $3,640,000 $182,000 $4,861 4.57%
    Other 3 $245,000 $81,667 $1,369 4.88%
    5 Year 2 $60,000 $30,000 $767 4.25%
    20 Year 1 $135,000 $135,000 $4,816 4.25%

    For 2019, Associated Credit Union Of Texas's most frequently cited loan duration was 15 Year, with 85 originations. The 2nd most popular length was 10 Year, with 29 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 68 $7,850,000 $115,441
    $2k-3k 30 $4,040,000 $134,667
    $<1k 22 $1,100,000 $50,000
    $3k-4k 10 $1,350,000 $135,000
    $5k+ 4 $900,000 $225,000
    $4k-5k 3 $645,000 $215,000

    Associated Credit Union Of Texas's average total fees were $4,861, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 68 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 74 $9,070,000 $122,568
    3-4% 35 $4,395,000 $125,571
    5-6% 23 $1,935,000 $84,130
    6-7% 7 $685,000 $97,857

    During 2019, Associated Credit Union Of Texas's average interest rate for loans was 4.57%, while their most frequently originated rate bucket for loans was 4-5%, with 74 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 65 $4,085,000 $62,846 $2,224 4.80%
    $100k-200k 58 $7,960,000 $137,241 $3,423 4.36%
    $200k-400k 16 $3,840,000 $240,000 $5,411 4.64%
    $400k-600k 1 $485,000 $485,000 $6,287 4.45%

    2019 saw Associated Credit Union Of Texas place emphasis on $100,000 or less loans with 65 originations, totaling $4,085,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 34 $3,310,000 $97,353 $3,079 4.49%
    $50k-75k 33 $3,565,000 $108,030 $3,051 4.68%
    $75k-100k 29 $3,895,000 $134,310 $3,602 4.43%
    $100k-150k 27 $3,605,000 $133,519 $3,201 4.54%
    $150k-250k 17 $1,995,000 $117,353 $2,246 5.02%

    Associated Credit Union Of Texas lent most frequently to those with incomes in the $50k or less range, with 34 originations. The second most popular income band? $50k-75k, with 33 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 23 $2,735,000 $118,913 $3,396 4.57%
    50-60% 13 $1,755,000 $135,000 $3,383 4.45%
    <20% 12 $1,270,000 $105,833 $2,432 4.79%
    20-30% 11 $1,035,000 $94,091 $2,953 4.29%
    47% 9 $965,000 $107,222 $2,876 4.86%
    48% 9 $1,005,000 $111,667 $2,951 4.75%
    43% 8 $1,100,000 $137,500 $3,781 4.25%
    49% 7 $785,000 $112,143 $2,425 4.83%
    36% 6 $650,000 $108,333 $2,061 5.08%
    44% 6 $600,000 $100,000 $2,193 4.57%
    41% 5 $605,000 $121,000 $3,757 4.67%
    38% 5 $905,000 $181,000 $4,452 4.71%
    45% 5 $505,000 $101,000 $3,156 4.14%
    42% 4 $330,000 $82,500 $2,973 4.31%
    39% 4 $470,000 $117,500 $3,694 4.00%
    40% 4 $520,000 $130,000 $4,304 4.89%
    46% 3 $525,000 $175,000 $5,224 4.77%
    >60% 3 $145,000 $48,333 $725 5.25%
    37% 2 $180,000 $90,000 $1,635 4.44%

    Associated Credit Union Of Texas lent most frequently to those with DTI ratios of 30-36%, with 23 originations. The next most common DTI ratio? 50-60%, with 13 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 110 $13,330,000 $121,182 $3,138 4.57%
    Black 28 $2,830,000 $101,071 $3,024 4.70%
    Asian 2 $210,000 $105,000 $2,271 4.44%

    Approval Rates

    Total approvals of all applications
    75.00%

    Associated Credit Union Of Texas has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    85.71%

    Associated Credit Union Of Texas has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 140 $16,370,000 $116,929

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 140 $16,370,000 $116,929

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 20 $1,860,000 $93,000 $2,631 4.52%
    40-60% 17 $1,375,000 $80,882 $2,676 4.32%
    60-80% 63 $8,725,000 $138,492 $3,585 4.46%
    80-100% 19 $3,215,000 $169,211 $4,628 4.46%
    Under 20% 20 $910,000 $45,500 $932 5.48%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    ASSOCIATED BANC-CORP Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 11.8%
    ASSOCIATED BANC-CORP Conventional home mortgage Closing on a mortgage 1 5.9%
    ASSOCIATED BANC-CORP Conventional home mortgage Trouble during payment process 7 41.2%
    ASSOCIATED BANC-CORP Home equity loan or line of credit (HELOC) Trouble during payment process 1 5.9%
    ASSOCIATED BANC-CORP Other type of mortgage Closing on a mortgage 2 11.8%
    ASSOCIATED BANC-CORP Other type of mortgage Trouble during payment process 4 23.5%