Intouch Credit Union Mortgage Rates, Fees & Info
Plano, TXLEI: 549300L7HZ4C5U35BO37
Tax ID: 75-1447986
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Mortgage Data
Review & Overview
Intouch Credit Union is a smaller credit union specializing in Refi loans. Intouch Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Las Vegas, Sherman, Longview, and Detroit among others. We have data for 33 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.
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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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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
198Origination Dollar Volume (All Markets)
$44,710,000Top 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) | 95 | $24,215,000 | $254,895 | $3,438 | 3.73% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 45 | $8,495,000 | $188,778 | $3,205 | 3.68% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 3 | $1,615,000 | $538,333 | $5,514 | 3.67% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $1,575,000 | $1,575,000 | $0 | 3.99% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 12 | $1,440,000 | $120,000 | $2,201 | 4.12% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 6 | $1,290,000 | $215,000 | $2,865 | 4.14% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 3 | $1,005,000 | $335,000 | $4,596 | 4.48% |
| Outside of Metro Areas | 7 | $575,000 | $82,143 | $1,360 | 4.55% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $6,921 | 2.63% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $6,655 | 3.50% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $5,941 | 3.25% |
| WACO, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $5,406 | 3.00% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $6,580 | 3.38% |
| Mountain Home, AR (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,610 | 3.38% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,919 | 3.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,906 | 2.63% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,154 | 2.63% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,604 | 3.50% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,805 | 2.50% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,127 | 3.38% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $2,031 | 3.83% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $410 | 3.85% |
| Bonham, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,695 | 2.38% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,266 | 3.13% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $837 | 5.05% |
| LINCOLN, NE (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,384 | 2.38% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $632 | 5.25% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $337 | 5.45% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $397 | 3.80% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $1,007 | 5.50% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $337 | 5.35% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $1,024 | 5.35% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $192 | 3.55% |
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 198 | $44,710,000 | $225,808 | $3,181 | 3.79% |
For 2021, Intouch Credit Union's most frequently originated type of loan was Conventional, with 198 originations.
Loan Reason
For 2021, Intouch Credit Union's most frequently cited loan purpose was Refi, with 106 originations. The 2nd most popular reason was Home Improvement, with 46 originations.
Loan Duration/Length
For 2021, Intouch Credit Union's most frequently cited loan duration was 30 Year, with 75 originations. The 2nd most popular length was 15 Year, with 74 originations.
Origination Fees/Closing Costs
Intouch Credit Union's average total fees were $5,538, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 85 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 93 | $25,625,000 | $275,538 |
| 5-6% | 47 | $2,885,000 | $61,383 |
| 2.5-3% | 40 | $11,790,000 | $294,750 |
| <2.5% | 13 | $1,935,000 | $148,846 |
| 4-5% | 5 | $2,475,000 | $495,000 |
During 2021, Intouch Credit Union's average interest rate for loans was 3.30%, while their most frequently originated rate bucket for loans was 3-4%, with 93 originations.
Loan Sizing
2021 saw Intouch Credit Union place emphasis on $100,000 or less loans with 70 originations, totaling $3,810,000 in origination value.
Applicant Income
Intouch Credit Union lent most frequently to those with incomes in the $100k-150k range, with 54 originations. The second most popular income band? $150k-250k, with 41 originations.
Applicant Debt to Income Ratio
Intouch Credit Union lent most frequently to those with DTI ratios of 20-30%, with 42 originations. The next most common DTI ratio? 30-36%, with 23 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications75.24%
Intouch Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination34.34%
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 | 198 | $44,710,000 | $225,808 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| INTEGRITY CREDIT CORPORATION | Conventional home mortgage | Closing on a mortgage | 1 | 100.0% |