Cy-fair Federal Credit Union Mortgage Rates, Fees & Info

Houston, TX

LEI: 549300LUMAIOXHIFK142

Tax ID: 74-1396345

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
  • 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

    Cy-fair Federal Credit Union is a smaller credit union specializing in Other loans. Cy-fair Federal Credit Union has a high proportion of conventional loans. Their top (well, only) market is Houston.

    Cy-fair Federal Credit Union has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

    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
    15 Year Conventional Purchase 5.71% 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.

    Cy-fair Federal Credit Union Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Cy-fair Federal 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

    116

    Origination Dollar Volume (All Markets)

    $11,060,000

    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) 114 $10,840,000 $95,088 $0 6.75%
    Outside of Metro Areas 2 $220,000 $110,000 $0 6.02%
    Cy-fair Federal Credit Union's top markets include and Houston among others.

    Their top states include:
  • Texas (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 116 $11,060,000 $95,345 $0 6.74%

    For 2023, Cy-fair Federal Credit Union's most frequently originated type of loan was Conventional, with 116 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 96 $9,070,000 $94,479 $0 6.76%
    Home Improvement 19 $1,875,000 $98,684 $0 6.55%
    Home Purchase 1 $115,000 $115,000 $0 8.67%

    For 2023, Cy-fair Federal Credit Union's most frequently cited loan purpose was Other, with 96 originations. The 2nd most popular reason was Home Improvement, with 19 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 73 $8,315,000 $113,904 $0 7.02%
    10 Year 34 $2,210,000 $65,000 $0 6.31%
    5 Year 8 $510,000 $63,750 $0 6.12%
    Other 1 $25,000 $25,000 $0 6.17%

    For 2023, Cy-fair Federal Credit Union's most frequently cited loan duration was 15 Year, with 73 originations. The 2nd most popular length was 10 Year, with 34 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 44 $4,210,000 $95,682
    6-7% 30 $2,680,000 $89,333
    Over 8% 24 $2,400,000 $100,000
    7-8% 18 $1,770,000 $98,333

    During 2023, Cy-fair Federal Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 44 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 72 $4,360,000 $60,556 $0 6.70%
    $100k-200k 38 $5,160,000 $135,789 $0 6.94%
    $200k-400k 6 $1,540,000 $256,667 $0 6.04%

    2023 saw Cy-fair Federal Credit Union place emphasis on $100,000 or less loans with 72 originations, totaling $4,360,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 28 $3,060,000 $109,286 $0 6.64%
    $75k-100k 26 $2,080,000 $80,000 $0 6.54%
    $150k-250k 24 $2,270,000 $94,583 $0 6.70%
    $50k-75k 18 $1,410,000 $78,333 $0 6.95%
    $250k+ 14 $1,870,000 $133,571 $0 7.43%
    $50k or less 6 $370,000 $61,667 $0 6.05%

    Cy-fair Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 28 originations. The second most popular income band? $75k-100k, with 26 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 26 $2,760,000 $106,154 $0 6.59%
    30-36% 20 $2,220,000 $111,000 $0 6.60%
    <20% 15 $1,515,000 $101,000 $0 6.42%
    50-60% 13 $1,645,000 $126,538 $0 6.84%
    48% 8 $570,000 $71,250 $0 7.41%
    38% 5 $305,000 $61,000 $0 6.92%
    42% 4 $190,000 $47,500 $0 7.62%
    45% 4 $190,000 $47,500 $0 6.67%
    47% 3 $225,000 $75,000 $0 7.67%
    39% 3 $265,000 $88,333 $0 5.78%
    49% 3 $215,000 $71,667 $0 6.93%
    37% 3 $225,000 $75,000 $0 7.27%
    40% 2 $210,000 $105,000 $0 7.17%
    36% 2 $140,000 $70,000 $0 6.92%
    41% 2 $140,000 $70,000 $0 5.97%
    43% 1 $75,000 $75,000 $0 5.20%
    46% 1 $55,000 $55,000 $0 5.87%
    >60% 1 $115,000 $115,000 $0 8.47%

    Cy-fair Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 26 originations. The next most common DTI ratio? 30-36%, with 20 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 95 $9,295,000 $97,842 $0 6.69%
    Black 16 $1,240,000 $77,500 $0 7.01%
    Asian Indian 2 $250,000 $125,000 $0 7.42%
    Other Asian 1 $125,000 $125,000 $0 6.37%
    Filipino 1 $85,000 $85,000 $0 7.25%
    Asian 1 $65,000 $65,000 $0 5.47%

    Approval Rates

    Total approvals of all applications
    90.65%

    Cy-fair Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.38%

    Cy-fair Federal Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 116 $11,060,000 $95,345

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    116 $11,060,000 $95,345

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 50 $4,570,000 $91,400 $0 6.93%
    40-60% 17 $2,185,000 $128,529 $0 6.14%
    60-80% 11 $2,165,000 $196,818 $0 6.44%
    Under 20% 38 $2,140,000 $56,316 $0 6.84%