Intouch Credit Union Mortgage Rates, Fees & Info

Plano, TX

LEI: 549300L7HZ4C5U35BO37

Tax ID: 75-1447986

3.6 stars - Updated: 3/28/24 - out of 5 stars, based on 11 reviews

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

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Mortgage Data

Review & Overview

Intouch Credit Union is a smaller credit union specializing in Other and Home Improvement loans. Intouch Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Las Vegas, Sherman, Los Angeles, and North Port among others. We have data for 26 markets. (Some data included below & more in-depth data is available with an active subscription.)

Intouch Credit Union 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. Intouch Credit Union is typically a high 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 relatively high 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 6.00% 3/28/24
30 Year Conventional Refi 6.57% 3/28/24
30 Year Cash-out Refi 6.61% 3/28/24
30 Year FHA Refi 6.27% 3/28/24
15 Year Conventional Purchase 6.83% 3/28/24
15 Year Conventional Refi 7.06% 3/28/24
15 Year Cash-out Refi 7.06% 3/28/24
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.

Intouch Credit Union Mortgage Calculator






Your Estimates

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

This is not an official calculator from Intouch Credit Union. 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

111

Origination Dollar Volume (All Markets)

$11,315,000

Relative Rate

Intouch Credit Union's average 30 year fixed mortgage rate was 7.11%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.63%.

Relative Fees (Closing Costs)

Intouch Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $8,603.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 49 $5,845,000 $119,286 $1,624 8.57%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 25 $1,245,000 $49,800 $401 9.19%
Outside of Metro Areas 2 $430,000 $215,000 $2,921 7.00%
SHERMAN-DENISON, TX (FHA|USDA|VA) 3 $345,000 $115,000 $200 7.08%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 3 $315,000 $105,000 $588 9.37%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $295,000 $295,000 $394 6.80%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $290,000 $145,000 $3,738 7.48%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $255,000 $255,000 $6,386 7.00%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $245,000 $245,000 $7,931 8.13%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 3 $215,000 $71,667 $581 9.08%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $215,000 $215,000 $7,961 6.88%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 4 $200,000 $50,000 $336 9.21%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $190,000 $95,000 $3,354 7.96%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $165,000 $165,000 $5,074 9.05%
Freeport, IL (FHA|USDA|VA) 1 $165,000 $165,000 $0 8.00%
LAREDO, TX (FHA|USDA|VA) 1 $155,000 $155,000 $0 6.75%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 2 $130,000 $65,000 $434 8.40%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $125,000 $125,000 $1,226 9.40%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $115,000 $115,000 $4,543 6.13%
CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $115,000 $115,000 $409 9.10%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $75,000 $75,000 $399 9.95%
Pahrump, NV (FHA|USDA|VA) 1 $55,000 $55,000 $224 9.95%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $55,000 $55,000 $703 10.20%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $35,000 $35,000 $519 9.65%
PITTSBURGH, PA (FHA|USDA|VA) 1 $25,000 $25,000 $885 7.25%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $15,000 $15,000 $409 9.25%
Intouch Credit Union's top markets include Dallas, Las Vegas, Sherman, Los Angeles, and North Port among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against INTOUCH CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    CLARK COUNTY CREDIT UNION
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 111 $11,315,000 $101,937 $1,423 8.63%

    For 2023, Intouch Credit Union's most frequently originated type of loan was Conventional, with 111 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 54 $3,560,000 $65,926 $512 9.25%
    Home Improvement 33 $2,435,000 $73,788 $381 8.59%
    Home Purchase 13 $2,215,000 $170,385 $5,622 7.04%
    Cash Out Refi 6 $1,670,000 $278,333 $4,908 8.03%
    Refi 5 $1,435,000 $287,000 $8,677 7.06%

    For 2023, Intouch Credit Union's most frequently cited loan purpose was Other, with 54 originations. The 2nd most popular reason was Home Improvement, with 33 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 65 $6,305,000 $97,000 $956 9.03%
    10 Year 22 $1,320,000 $60,000 $331 8.44%
    5 Year 14 $1,040,000 $74,286 $281 8.17%
    30 Year 10 $2,650,000 $265,000 $8,603 7.11%

    For 2023, Intouch Credit Union's most frequently cited loan duration was 15 Year, with 65 originations. The 2nd most popular length was 10 Year, with 22 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 93 $6,825,000 $73,387
    $3k-4k 5 $1,265,000 $253,000
    $5k+ 3 $1,405,000 $468,333
    $2k-3k 2 $270,000 $135,000
    $4k-5k 2 $630,000 $315,000

    Intouch Credit Union's average total fees were $8,603, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 93 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 76 $5,470,000 $71,974
    6-7% 17 $2,925,000 $172,059
    7-8% 16 $2,120,000 $132,500
    4-5% 1 $235,000 $235,000
    5-6% 1 $565,000 $565,000

    During 2023, Intouch Credit Union's average interest rate for loans was 7.11%, while their most frequently originated rate bucket for loans was Over 8%, with 76 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 72 $3,580,000 $49,722 $433 9.02%
    $100k-200k 25 $3,435,000 $137,400 $1,203 8.38%
    $200k-400k 12 $3,140,000 $261,667 $5,094 7.11%
    $400k-600k 2 $1,160,000 $580,000 $17,102 6.81%

    2023 saw Intouch Credit Union place emphasis on $100,000 or less loans with 72 originations, totaling $3,580,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 39 $3,445,000 $88,333 $1,101 8.87%
    $150k-250k 25 $3,275,000 $131,000 $2,231 9.07%
    $75k-100k 17 $1,155,000 $67,941 $1,067 8.56%
    $50k-75k 10 $460,000 $46,000 $306 8.96%
    $250k+ 9 $1,875,000 $208,333 $2,549 7.66%
    $50k or less 6 $350,000 $58,333 $1,271 7.95%

    Intouch Credit Union lent most frequently to those with incomes in the $100k-150k range, with 39 originations. The second most popular income band? $150k-250k, with 25 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 14 $1,270,000 $90,714 $1,364 9.12%
    30-36% 13 $1,145,000 $88,077 $1,176 8.88%
    20-30% 12 $1,520,000 $126,667 $2,189 8.14%
    <20% 10 $1,020,000 $102,000 $1,077 7.30%
    48% 7 $735,000 $105,000 $653 8.94%
    >60% 6 $450,000 $75,000 $446 9.42%
    45% 6 $360,000 $60,000 $347 9.04%
    46% 5 $265,000 $53,000 $310 9.27%
    42% 4 $510,000 $127,500 $2,668 8.49%
    39% 4 $620,000 $155,000 $4,325 8.74%
    44% 4 $410,000 $102,500 $572 8.94%
    47% 4 $340,000 $85,000 $379 9.43%
    37% 4 $830,000 $207,500 $5,714 8.48%
    41% 3 $375,000 $125,000 $2,998 8.98%
    40% 3 $135,000 $45,000 $526 8.28%
    36% 3 $305,000 $101,667 $324 8.57%
    49% 2 $100,000 $50,000 $380 9.63%
    38% 1 $105,000 $105,000 $239 9.00%
    43% 1 $65,000 $65,000 $239 9.05%

    Intouch Credit Union lent most frequently to those with DTI ratios of 50-60%, with 14 originations. The next most common DTI ratio? 30-36%, with 13 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 70 $6,770,000 $96,714 $1,424 8.67%
    Black 15 $1,605,000 $107,000 $2,018 8.55%
    Not provided 10 $1,320,000 $132,000 $1,555 8.53%
    Not applicable 5 $755,000 $151,000 $0 6.76%
    Asian 8 $710,000 $88,750 $515 9.42%
    American Indian 1 $75,000 $75,000 $224 9.95%
    Other Asian 1 $65,000 $65,000 $459 9.70%
    Chinese 1 $15,000 $15,000 $521 9.25%

    Approval Rates

    Total approvals of all applications
    62.07%

    Intouch Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    45.95%

    Intouch Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 111 $11,315,000 $101,937

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    111 $11,315,000 $101,937

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 16 $2,120,000 $132,500 $1,293 8.50%
    40-60% 9 $2,105,000 $233,889 $3,330 7.33%
    60-80% 9 $2,005,000 $222,778 $9,960 6.93%
    80-100% 4 $950,000 $237,500 $7,498 7.11%
    Under 20% 73 $4,135,000 $56,644 $498 9.12%