Cy-fair Federal Credit Union Mortgage Rates, Fees & Info
Houston, TXLEI: 549300LUMAIOXHIFK142
Tax ID: 74-1396345
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Cy-fair Federal Credit Union is a smaller credit union specializing in Other and Home Improvement 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 an 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.
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 |
|---|---|---|
| 15 Year Conventional Purchase | 5.71% | 4/28/24 |
| 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
92Origination Dollar Volume (All Markets)
$9,100,000Top 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) | 91 | $9,015,000 | $99,066 | $0 | 6.21% |
| Outside of Metro Areas | 1 | $85,000 | $85,000 | $0 | 5.60% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 92 | $9,100,000 | $98,913 | $0 | 6.21% |
For 2022, Cy-fair Federal Credit Union's most frequently originated type of loan was Conventional, with 92 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Other | 56 | $5,110,000 | $91,250 | $0 | 6.59% |
| Home Improvement | 35 | $3,935,000 | $112,429 | $0 | 5.58% |
| Cash Out Refi | 1 | $55,000 | $55,000 | $0 | 6.75% |
For 2022, Cy-fair Federal Credit Union's most frequently cited loan purpose was Other, with 56 originations. The 2nd most popular reason was Home Improvement, with 35 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 15 Year | 58 | $7,110,000 | $122,586 | $0 | 6.32% |
| 10 Year | 27 | $1,705,000 | $63,148 | $0 | 6.19% |
| 5 Year | 7 | $285,000 | $40,714 | $0 | 5.36% |
For 2022, Cy-fair Federal Credit Union's most frequently cited loan duration was 15 Year, with 58 originations. The 2nd most popular length was 10 Year, with 27 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 30 | $2,050,000 | $68,333 |
| 7-8% | 29 | $2,965,000 | $102,241 |
| 4-5% | 19 | $2,675,000 | $140,789 |
| 5-6% | 12 | $1,320,000 | $110,000 |
| 3-4% | 2 | $90,000 | $45,000 |
During 2022, Cy-fair Federal Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 6-7%, with 30 originations.
Loan Sizing
2022 saw Cy-fair Federal Credit Union place emphasis on $100,000 or less loans with 60 originations, totaling $3,550,000 in origination value.
Applicant Income
Cy-fair Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 26 originations. The second most popular income band? $150k-250k, with 24 originations.
Applicant Debt to Income Ratio
Cy-fair Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 28 originations. The next most common DTI ratio? 30-36%, with 19 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.72%
Cy-fair Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination91.30%
Cy-fair Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 92 | $9,100,000 | $98,913 |