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, Athens, Austin, and Brenham 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 an 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 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

    144

    Origination Dollar Volume (All Markets)

    $19,250,000

    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) 138 $18,480,000 $133,913 $3,028 3.20%
    Athens, TX (FHA|USDA|VA) 1 $305,000 $305,000 $2,197 2.88%
    Outside of Metro Areas 3 $265,000 $88,333 $3,556 2.67%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $145,000 $145,000 $2,592 2.45%
    Brenham, TX (FHA|USDA|VA) 1 $55,000 $55,000 $2,727 2.75%
    Associated Credit Union Of Texas's top markets include Houston, Athens, Austin, and Brenham 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.

    AMOCO
    Similarity Rank: 405
    WESTSTAR MORTGAGE CORPORATION
    Similarity Rank: 560
    U S WIDE FINANCIAL LLC
    Similarity Rank: 588
    AAXY L.L.C.
    Similarity Rank: 648
    CAPITAL PLUS FINANCIAL, LLC
    Similarity Rank: 1104
    SCHLUMBERGER EMPLOYEES CREDIT UNION
    Similarity Rank: 1320
    Credence Funding Corporation
    Similarity Rank: 1616
    SMART CHOICE MORTGAGE, A TEXAS LIMITED LIABILITY C
    Similarity Rank: 1832
    LOANFLIGHT LENDING, LLC
    Similarity Rank: 1950
    TEXAS BAY
    Similarity Rank: 2076

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 144 $19,250,000 $133,681 $3,028 3.18%

    For 2021, Associated Credit Union Of Texas's most frequently originated type of loan was Conventional, with 144 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 102 $13,600,000 $133,333 $3,036 2.95%
    Cash Out Refi 20 $1,770,000 $88,500 $2,473 3.18%
    Home Purchase 16 $3,450,000 $215,625 $4,448 3.73%
    Home Improvement 6 $430,000 $71,667 $952 5.71%

    For 2021, Associated Credit Union Of Texas's most frequently cited loan purpose was Refi, with 102 originations. The 2nd most popular reason was Cash Out Refi, with 20 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 104 $13,960,000 $134,231 $2,954 3.20%
    10 Year 27 $2,685,000 $99,444 $2,536 2.97%
    30 Year 11 $2,455,000 $223,182 $5,076 3.65%
    5 Year 2 $150,000 $75,000 $2,235 2.75%

    For 2021, Associated Credit Union Of Texas's most frequently cited loan duration was 15 Year, with 104 originations. The 2nd most popular length was 10 Year, with 27 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 84 $11,380,000 $135,476
    $2k-3k 35 $4,495,000 $128,429
    $<1k 15 $955,000 $63,667
    $3k-4k 5 $1,115,000 $223,000
    $5k+ 3 $875,000 $291,667
    $4k-5k 2 $430,000 $215,000

    Associated Credit Union Of Texas's average total fees were $5,076, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 84 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 78 $11,400,000 $146,154
    3-4% 24 $3,740,000 $155,833
    <2.5% 21 $2,415,000 $115,000
    4-5% 13 $1,175,000 $90,385
    5-6% 4 $280,000 $70,000
    6-7% 4 $240,000 $60,000

    During 2021, Associated Credit Union Of Texas's average interest rate for loans was 3.65%, while their most frequently originated rate bucket for loans was 2.5-3%, with 78 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 61 $4,335,000 $71,066 $2,617 3.44%
    $100k-200k 60 $8,260,000 $137,667 $2,764 2.99%
    $200k-400k 20 $5,340,000 $267,000 $4,501 3.04%
    $400k-600k 3 $1,315,000 $438,333 $6,853 2.79%

    2021 saw Associated Credit Union Of Texas place emphasis on $100,000 or less loans with 61 originations, totaling $4,335,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 40 $4,580,000 $114,500 $2,981 3.26%
    $100k-150k 31 $4,505,000 $145,323 $2,847 3.36%
    $75k-100k 27 $3,485,000 $129,074 $3,060 2.98%
    $50k or less 26 $2,330,000 $89,615 $3,053 2.89%
    $150k-250k 15 $3,145,000 $209,667 $3,178 3.42%
    $250k+ 5 $1,205,000 $241,000 $3,775 3.30%

    Associated Credit Union Of Texas lent most frequently to those with incomes in the $50k-75k range, with 40 originations. The second most popular income band? $100k-150k, with 31 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 27 $3,325,000 $123,148 $2,956 3.18%
    20-30% 22 $2,840,000 $129,091 $3,058 2.85%
    50-60% 18 $2,070,000 $115,000 $2,800 3.41%
    49% 11 $1,415,000 $128,636 $3,287 3.11%
    45% 9 $965,000 $107,222 $2,594 3.61%
    <20% 7 $855,000 $122,143 $3,241 3.13%
    42% 6 $720,000 $120,000 $2,668 3.17%
    47% 6 $1,190,000 $198,333 $3,592 2.85%
    40% 5 $745,000 $149,000 $2,475 3.18%
    37% 5 $745,000 $149,000 $3,024 3.18%
    38% 5 $1,075,000 $215,000 $3,953 3.03%
    46% 5 $695,000 $139,000 $2,249 3.90%
    48% 5 $825,000 $165,000 $3,505 2.68%
    43% 4 $440,000 $110,000 $2,797 3.91%
    39% 3 $525,000 $175,000 $3,669 2.75%
    41% 3 $255,000 $85,000 $2,434 3.58%
    44% 2 $420,000 $210,000 $5,045 2.94%
    36% 1 $145,000 $145,000 $3,162 3.50%

    Associated Credit Union Of Texas lent most frequently to those with DTI ratios of 30-36%, with 27 originations. The next most common DTI ratio? 20-30%, with 22 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 122 $17,050,000 $139,754 $3,065 3.21%
    Black 21 $2,065,000 $98,333 $2,851 3.04%
    American Indian 1 $135,000 $135,000 $2,247 2.75%

    Approval Rates

    Total approvals of all applications
    64.49%

    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
    93.75%

    Associated Credit Union Of Texas has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 144 $19,250,000 $133,681

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    144 $19,250,000 $133,681

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 26 $2,280,000 $87,692 $2,599 3.21%
    40-60% 48 $5,590,000 $116,458 $2,815 2.79%
    60-80% 47 $8,375,000 $178,191 $3,664 3.17%
    80-100% 11 $2,385,000 $216,818 $4,141 2.98%
    Under 20% 12 $620,000 $51,667 $1,294 4.96%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    ASSOCIATED BANC-CORP Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 16.7%
    ASSOCIATED BANC-CORP Conventional home mortgage Incorrect information on your report 1 8.3%
    ASSOCIATED BANC-CORP Conventional home mortgage Struggling to pay mortgage 2 16.7%
    ASSOCIATED BANC-CORP Conventional home mortgage Trouble during payment process 3 25.0%
    ASSOCIATED BANC-CORP FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 8.3%
    ASSOCIATED BANC-CORP FHA mortgage Struggling to pay mortgage 1 8.3%
    ASSOCIATED BANC-CORP FHA mortgage Trouble during payment process 1 8.3%
    ASSOCIATED BANC-CORP Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 8.3%