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, Brenham, Huntsville, and San Antonio 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 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. Associated Credit Union Of Texas is typically a low 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 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

    138

    Origination Dollar Volume (All Markets)

    $17,960,000

    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) 129 $16,375,000 $126,938 $2,959 3.61%
    Brenham, TX (FHA|USDA|VA) 5 $895,000 $179,000 $3,471 4.22%
    Huntsville, TX (FHA|USDA|VA) 2 $440,000 $220,000 $3,042 4.50%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $165,000 $165,000 $2,632 2.75%
    Outside of Metro Areas 1 $85,000 $85,000 $4,458 3.88%
    Associated Credit Union Of Texas's top markets include Houston, Brenham, Huntsville, and San Antonio 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: 522
    U S WIDE FINANCIAL LLC
    Similarity Rank: 1140
    SMART CHOICE MORTGAGE, A TEXAS LIMITED LIABILITY C
    Similarity Rank: 1140
    WESTSTAR MORTGAGE CORPORATION
    Similarity Rank: 1265
    CADENCE LENDING GROUP, INC.
    Similarity Rank: 1480
    CAPITAL PLUS FINANCIAL, LLC
    Similarity Rank: 1508
    ADVISA MORTGAGE SERVICES, LTD.
    Similarity Rank: 1524
    MEMBERS CHOICE Credit Union
    Similarity Rank: 1824
    Shea Mortgage Inc.
    Similarity Rank: 1848
    ASSOCIATED CREDIT UNION OF TEXAS
    Similarity Rank: 1895

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 138 $17,960,000 $130,145 $2,987 3.64%

    For 2020, Associated Credit Union Of Texas's most frequently originated type of loan was Conventional, with 138 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 97 $12,325,000 $127,062 $3,021 3.43%
    Cash Out Refi 21 $2,025,000 $96,429 $2,339 4.12%
    Home Purchase 13 $2,995,000 $230,385 $4,995 3.37%
    Home Improvement 7 $615,000 $87,857 $734 5.61%

    For 2020, Associated Credit Union Of Texas's most frequently cited loan purpose was Refi, with 97 originations. The 2nd most popular reason was Cash Out Refi, with 21 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 67 $8,055,000 $120,224 $2,886 3.80%
    10 Year 49 $4,775,000 $97,449 $2,472 3.50%
    30 Year 20 $4,620,000 $231,000 $4,567 3.47%
    20 Year 1 $355,000 $355,000 $4,197 3.50%
    5 Year 1 $155,000 $155,000 $2,213 2.99%

    For 2020, Associated Credit Union Of Texas's most frequently cited loan duration was 15 Year, with 67 originations. The 2nd most popular length was 10 Year, with 49 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 75 $10,755,000 $143,400
    $2k-3k 32 $3,900,000 $121,875
    $<1k 17 $1,265,000 $74,412
    $3k-4k 11 $1,345,000 $122,273
    $4k-5k 3 $695,000 $231,667

    Associated Credit Union Of Texas's average total fees were $4,567, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 75 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 56 $6,900,000 $123,214
    2.5-3% 41 $6,325,000 $154,268
    4-5% 19 $2,315,000 $121,842
    5-6% 11 $955,000 $86,818
    <2.5% 8 $1,310,000 $163,750
    6-7% 3 $155,000 $51,667

    During 2020, Associated Credit Union Of Texas's average interest rate for loans was 3.47%, while their most frequently originated rate bucket for loans was 3-4%, with 56 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 61 $4,355,000 $71,393 $2,371 3.87%
    $100k-200k 59 $8,015,000 $135,847 $3,252 3.56%
    $200k-400k 15 $4,185,000 $279,000 $3,899 3.11%
    $400k-600k 3 $1,405,000 $468,333 $5,755 3.25%

    2020 saw Associated Credit Union Of Texas place emphasis on $100,000 or less loans with 61 originations, totaling $4,355,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 31 $4,745,000 $153,065 $3,124 3.74%
    $50k-75k 31 $3,125,000 $100,806 $2,934 3.61%
    $75k-100k 28 $3,270,000 $116,786 $3,060 3.48%
    $50k or less 22 $1,920,000 $87,273 $3,099 3.57%
    $150k-250k 20 $3,090,000 $154,500 $2,458 3.91%
    $250k+ 6 $1,810,000 $301,667 $3,567 3.38%

    Associated Credit Union Of Texas lent most frequently to those with incomes in the $100k-150k range, with 31 originations. The second most popular income band? $50k-75k, with 31 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 27 $3,835,000 $142,037 $3,019 3.33%
    30-36% 19 $2,555,000 $134,474 $3,138 3.44%
    50-60% 10 $1,420,000 $142,000 $3,426 3.91%
    48% 10 $1,190,000 $119,000 $3,203 3.49%
    47% 8 $860,000 $107,500 $2,975 3.45%
    49% 8 $950,000 $118,750 $2,963 3.67%
    40% 7 $715,000 $102,143 $2,961 3.77%
    <20% 7 $805,000 $115,000 $2,426 3.43%
    46% 6 $820,000 $136,667 $2,607 5.04%
    44% 5 $465,000 $93,000 $2,039 3.92%
    38% 5 $645,000 $129,000 $2,867 4.27%
    36% 5 $995,000 $199,000 $4,208 3.22%
    43% 5 $515,000 $103,000 $3,080 3.50%
    39% 5 $705,000 $141,000 $2,801 3.65%
    45% 4 $670,000 $167,500 $3,185 3.09%
    42% 3 $315,000 $105,000 $2,222 3.96%
    41% 2 $250,000 $125,000 $3,098 4.13%
    37% 1 $165,000 $165,000 $2,595 4.75%
    >60% 1 $85,000 $85,000 $767 5.25%

    Associated Credit Union Of Texas lent most frequently to those with DTI ratios of 20-30%, with 27 originations. The next most common DTI ratio? 30-36%, with 19 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 120 $16,280,000 $135,667 $3,063 3.57%
    Black 17 $1,625,000 $95,588 $2,577 4.05%
    Not provided 1 $55,000 $55,000 $867 5.25%

    Approval Rates

    Total approvals of all applications
    60.87%

    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
    88.41%

    Associated Credit Union Of Texas has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 138 $17,960,000 $130,145

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 138 $17,960,000 $130,145

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 25 $2,005,000 $80,200 $2,164 3.96%
    40-60% 46 $5,510,000 $119,783 $2,906 3.19%
    60-80% 42 $6,540,000 $155,714 $3,623 3.60%
    80-100% 16 $3,430,000 $214,375 $4,086 3.50%
    Under 20% 9 $475,000 $52,778 $763 5.50%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    ASSOCIATED BANC-CORP Conventional home mortgage Closing on a mortgage 2 18.2%
    ASSOCIATED BANC-CORP Conventional home mortgage Trouble during payment process 6 54.5%
    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%