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 Other, Home Improvement, and Cash Out Refi loans. Intouch Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Las Vegas, Waco, Detroit, and Washington among others. We have data for 34 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 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
221Origination Dollar Volume (All Markets)
$27,405,000Awards
INTOUCH CREDIT UNION - 2022
INTOUCH CREDIT UNION is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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) | 126 | $16,260,000 | $129,048 | $1,438 | 5.69% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 46 | $6,240,000 | $135,652 | $2,394 | 5.40% |
| WACO, TX (FHA|USDA|VA) | 1 | $905,000 | $905,000 | $11,437 | 3.25% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 9 | $465,000 | $51,667 | $275 | 5.13% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 4 | $410,000 | $102,500 | $893 | 4.74% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $7,632 | 6.63% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $205 | 3.50% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 5.55% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 4 | $200,000 | $50,000 | $314 | 5.66% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,526 | 3.63% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $1,358 | 6.15% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $1,027 | 5.85% |
| Outside of Metro Areas | 2 | $140,000 | $70,000 | $429 | 5.73% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,434 | 3.63% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 3.25% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $1,272 | 6.30% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $813 | 7.30% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $555 | 5.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $379 | 7.25% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,407 | 5.40% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $405 | 4.43% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $439 | 7.30% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $259 | 5.65% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $531 | 4.30% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $1,552 | 7.30% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 4.50% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,129 | 7.75% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $389 | 7.15% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $505 | 7.15% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $1,711 | 6.10% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $512 | 5.60% |
| Richmond-Berea, KY (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $150 | 5.00% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $322 | 7.25% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $354 | 4.50% |
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 | 221 | $27,405,000 | $124,005 | $1,563 | 5.57% |
For 2022, Intouch Credit Union's most frequently originated type of loan was Conventional, with 221 originations.
Loan Reason
For 2022, Intouch Credit Union's most frequently cited loan purpose was Other, with 99 originations. The 2nd most popular reason was Home Improvement, with 72 originations.
Loan Duration/Length
For 2022, Intouch Credit Union's most frequently cited loan duration was 15 Year, with 130 originations. The 2nd most popular length was 10 Year, with 35 originations.
Origination Fees/Closing Costs
Intouch Credit Union's average total fees were $8,346, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 186 originations.
Interest Rates
During 2022, Intouch Credit Union's average interest rate for loans was 4.39%, while their most frequently originated rate bucket for loans was 4-5%, with 61 originations.
Loan Sizing
2022 saw Intouch Credit Union place emphasis on $100,000 or less loans with 136 originations, totaling $6,750,000 in origination value.
Applicant Income
Intouch Credit Union lent most frequently to those with incomes in the $100k-150k range, with 74 originations. The second most popular income band? $150k-250k, with 56 originations.
Applicant Debt to Income Ratio
Intouch Credit Union lent most frequently to those with DTI ratios of 50-60%, with 36 originations. The next most common DTI ratio? 20-30%, with 29 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications62.31%
Intouch Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination61.54%
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 |
|---|---|---|---|
| 0.0 | 1 | $95,000 | $95,000 |
| NA | 220 | $27,310,000 | $124,136 |