Cy-fair Federal Credit Union Mortgage Rates, Fees & Info
Houston, TXLEI: 549300LUMAIOXHIFK142
Tax ID: 74-1396345
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Mortgage Data
Review & Overview
Cy-fair Federal Credit Union is a smaller credit union specializing in Home Improvement and 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 average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
29Origination Dollar Volume (All Markets)
$2,315,000Top 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 |
|---|---|---|---|---|---|
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 28 | $2,290,000 | $81,786 | $0 | 4.72% |
| Outside of Metro Areas | 1 | $25,000 | $25,000 | $0 | 5.75% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 29 | $2,315,000 | $79,828 | $0 | 4.76% |
For 2020, Cy-fair Federal Credit Union's most frequently originated type of loan was Conventional, with 29 originations.
Loan Reason
For 2020, Cy-fair Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 12 originations. The 2nd most popular reason was Other, with 10 originations.
Loan Duration/Length
For 2020, Cy-fair Federal Credit Union's most frequently cited loan duration was 15 Year, with 13 originations. The 2nd most popular length was 10 Year, with 11 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 14 | $1,370,000 | $97,857 |
| 5-6% | 7 | $285,000 | $40,714 |
| 6-7% | 3 | $165,000 | $55,000 |
| 2.5-3% | 2 | $180,000 | $90,000 |
| 3-4% | 2 | $190,000 | $95,000 |
During 2020, Cy-fair Federal Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 14 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 21 | $1,135,000 | $54,048 | $0 | 4.96% |
| $100k-200k | 8 | $1,180,000 | $147,500 | $0 | 4.16% |
2020 saw Cy-fair Federal Credit Union place emphasis on $100,000 or less loans with 21 originations, totaling $1,135,000 in origination value.
Applicant Income
Cy-fair Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 11 originations. The second most popular income band? $50k-75k, with 7 originations.
Applicant Debt to Income Ratio
Cy-fair Federal Credit Union lent most frequently to those with DTI ratios of <20%, with 11 originations. The next most common DTI ratio? 20-30%, with 7 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.50%
Cy-fair Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination89.66%
Cy-fair Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 29 | $2,315,000 | $79,828 |