Intouch Credit Union Mortgage Rates, Fees & Info

Plano, TX

LEI: 549300L7HZ4C5U35BO37

Tax ID: 75-1447986

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

Review & Overview

Intouch Credit Union is a smaller credit union specializing in Refi and Home Purchase loans. Intouch Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Washington, Las Vegas, Detroit, and Houston among others. We have data for 27 markets. (Some data included below & more in-depth data is available with an active subscription.)

Intouch Credit Union 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. Intouch Credit Union 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	6.00%	11/17/24
30 Year Conventional Refi	6.57%	11/17/24
30 Year Cash-out Refi	6.61%	11/17/24
30 Year FHA Refi	6.27%	11/17/24
15 Year Conventional Purchase	6.83%	11/17/24
15 Year Conventional Refi	7.06%	11/17/24
15 Year Cash-out Refi	7.06%	11/17/24
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

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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

153

Origination Dollar Volume (All Markets)

$37,365,000

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
Dallas-Fort Worth-Arlington, TX (FHA\|USDA\|VA)	89	$28,255,000	$317,472	$3,354	4.05%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA\|USDA\|VA)	7	$2,225,000	$317,857	$4,439	3.60%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA\|USDA\|VA)	21	$1,945,000	$92,619	$1,321	4.57%
Detroit-Warren-Dearborn, MI (FHA\|USDA\|VA)	8	$1,140,000	$142,500	$2,113	3.75%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA\|USDA\|VA)	3	$675,000	$225,000	$2,385	3.85%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA\|USDA\|VA)	1	$355,000	$355,000	$4,287	2.88%
FLINT, MI (FHA\|USDA\|VA)	2	$350,000	$175,000	$3,180	3.56%
NEW ORLEANS-METAIRIE, LA (FHA\|USDA\|VA)	1	$265,000	$265,000	$3,237	4.00%
Athens, TX (FHA\|USDA\|VA)	1	$245,000	$245,000	$5,554	3.50%
RENO, NV (FHA\|USDA\|VA)	1	$215,000	$215,000	$3,551	2.50%
Helena, MT (FHA\|USDA\|VA)	1	$205,000	$205,000	$3,592	2.50%
PHOENIX-MESA-CHANDLER, AZ (FHA\|USDA\|VA)	3	$195,000	$65,000	$769	5.18%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA\|USDA\|VA)	1	$195,000	$195,000	$6,984	3.38%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA\|USDA\|VA)	1	$185,000	$185,000	$3,557	2.50%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA\|USDA\|VA)	1	$185,000	$185,000	$3,547	2.88%
Indiana, PA (FHA\|USDA\|VA)	1	$175,000	$175,000	$2,692	4.10%
Outside of Metro Areas	1	$135,000	$135,000	$4,064	4.88%
RICHMOND, VA (FHA\|USDA\|VA)	1	$75,000	$75,000	$599	4.35%
ST. LOUIS, MO-IL (FHA\|USDA\|VA)	1	$75,000	$75,000	$372	5.55%
New York-Newark-Jersey City, NY-NJ-PA (FHA\|USDA\|VA)	1	$65,000	$65,000	$2,111	6.15%
MEMPHIS, TN-MS-AR (FHA\|USDA\|VA)	1	$55,000	$55,000	$1,183	5.50%
Mount Pleasant, TX (FHA\|USDA\|VA)	1	$45,000	$45,000	$182	4.10%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA\|USDA\|VA)	1	$35,000	$35,000	$182	5.80%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA\|USDA\|VA)	1	$25,000	$25,000	$182	3.80%
KANSAS CITY, MO-KS (FHA\|USDA\|VA)	1	$15,000	$15,000	$319	6.00%
WILMINGTON, NC (FHA\|USDA\|VA)	1	$15,000	$15,000	$378	5.35%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA\|USDA\|VA)	1	$15,000	$15,000	$362	5.95%

Intouch Credit Union's top markets include Dallas, Washington, Las Vegas, Detroit, and Houston among others.

Their top states include:

Texas (FHA|USDA|VA)

Virginia (FHA|USDA|VA)

Nevada (FHA|USDA|VA)

Michigan (FHA|USDA|VA)

Louisiana (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.

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Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	153	$37,365,000	$244,216	$2,839	4.13%

For 2020, Intouch Credit Union's most frequently originated type of loan was Conventional, with 153 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Refi	60	$16,360,000	$272,667	$4,362	3.31%
Home Improvement	34	$2,960,000	$87,059	$448	4.87%
Other	28	$1,510,000	$53,929	$530	5.36%
Cash Out Refi	18	$4,500,000	$250,000	$4,643	3.90%
Home Purchase	13	$12,035,000	$925,769	$5,354	3.66%

For 2020, Intouch Credit Union's most frequently cited loan purpose was Refi, with 60 originations. The 2nd most popular reason was Home Improvement, with 34 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
15 Year	67	$10,745,000	$160,373	$2,167	4.31%
30 Year	40	$13,460,000	$336,500	$5,755	3.52%
10 Year	20	$1,370,000	$68,500	$697	4.64%
5 Year	15	$1,875,000	$125,000	$271	4.77%
20 Year	8	$1,290,000	$161,250	$3,419	3.33%
Other	3	$8,625,000	$2,875,000	$0	3.90%

For 2020, Intouch Credit Union's most frequently cited loan duration was 15 Year, with 67 originations. The 2nd most popular length was 30 Year, with 40 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	89	$9,345,000	$105,000
$2k-3k	24	$6,660,000	$277,500
$1k-2k	18	$3,170,000	$176,111
$3k-4k	7	$2,355,000	$336,429
$4k-5k	5	$1,825,000	$365,000
$5k+	5	$4,015,000	$803,000

Intouch Credit Union's average total fees were $5,755, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 89 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
3-4%	56	$24,750,000	$441,964
5-6%	33	$1,675,000	$50,758
4-5%	27	$3,035,000	$112,407
2.5-3%	22	$6,030,000	$274,091
<2.5%	8	$1,550,000	$193,750
6-7%	7	$325,000	$46,429

During 2020, Intouch Credit Union's average interest rate for loans was 3.52%, 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	63	$3,325,000	$52,778	$636	4.98%
$200k-400k	40	$11,260,000	$281,500	$4,463	3.44%
$100k-200k	35	$5,385,000	$153,857	$2,894	3.71%
$400k-600k	7	$3,325,000	$475,000	$7,923	3.13%
$1MM+	5	$12,045,000	$2,409,000	$13,876	3.54%
$600k-1MM	3	$2,025,000	$675,000	$7,700	3.75%

2020 saw Intouch Credit Union place emphasis on $100,000 or less loans with 63 originations, totaling $3,325,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-150k	50	$8,070,000	$161,400	$2,483	4.16%
$150k-250k	33	$6,885,000	$208,636	$3,884	4.07%
$75k-100k	24	$2,740,000	$114,167	$1,798	4.48%
$50k-75k	19	$1,955,000	$102,895	$1,313	4.18%
$250k+	10	$6,510,000	$651,000	$8,143	3.34%
$50k or less	10	$600,000	$60,000	$1,408	4.27%

Intouch Credit Union lent most frequently to those with incomes in the $100k-150k range, with 50 originations. The second most popular income band? $150k-250k, with 33 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	36	$6,290,000	$174,722	$3,227	3.69%
30-36%	30	$6,910,000	$230,333	$3,411	3.86%
<20%	18	$2,520,000	$140,000	$1,362	3.93%
50-60%	11	$625,000	$56,818	$404	5.44%
44%	8	$940,000	$117,500	$1,723	5.26%
38%	7	$1,805,000	$257,857	$5,068	4.26%
46%	6	$450,000	$75,000	$1,734	4.73%
42%	5	$1,975,000	$395,000	$5,531	3.35%
40%	4	$2,080,000	$520,000	$6,064	3.88%
39%	4	$560,000	$140,000	$2,663	4.14%
45%	4	$890,000	$222,500	$3,197	3.57%
>60%	3	$575,000	$191,667	$2,987	4.61%
43%	3	$425,000	$141,667	$3,349	4.72%
37%	2	$110,000	$55,000	$903	5.55%
41%	2	$320,000	$160,000	$1,397	3.93%
36%	2	$550,000	$275,000	$4,693	3.50%
49%	1	$255,000	$255,000	$2,454	4.10%
47%	1	$65,000	$65,000	$2,111	6.15%
48%	1	$25,000	$25,000	$172	5.35%

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

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	99	$17,205,000	$173,788	$2,686	4.16%
Not applicable	5	$9,995,000	$1,999,000	$0	3.94%
Not provided	22	$4,650,000	$211,364	$3,493	3.97%
Black	14	$1,820,000	$130,000	$2,345	4.29%
Asian	5	$1,525,000	$305,000	$3,187	4.50%
Asian Indian	2	$1,520,000	$760,000	$8,850	3.25%
American Indian	2	$270,000	$135,000	$3,367	4.74%
Filipino	1	$215,000	$215,000	$3,551	2.50%
Native Hawaiian or Islander	3	$165,000	$55,000	$211	4.12%

Approval Rates

Total approvals of all applications
77.58%

Intouch Credit Union has a below average approval rate.

Pick Rate

Approvals leading to origination
-10.46%

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	153	$37,365,000	$244,216

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	1	$3,555,000	$3,555,000
Single Family (1-4 Units):Site-Built	152	$33,810,000	$222,434

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	28	$3,240,000	$115,714	$1,585	4.33%
40-60%	29	$5,345,000	$184,310	$2,840	3.73%
60-80%	42	$18,920,000	$450,476	$5,408	3.51%
80-100%	15	$4,795,000	$319,667	$4,842	3.47%
Under 20%	39	$5,065,000	$129,872	$403	5.21%