East Texas Professional Credit Union Mortgage Rates, Fees & Info

Longview, TX

LEI: 549300M59800JNGYFP30

Tax ID: 75-0913075

5 stars - Updated: 11/17/24 - out of 5 stars, based on 19 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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

    East Texas Professional Credit Union is a smaller credit union specializing in Cash Out Refi, Refi, and Home Purchase loans. East Texas Professional Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Longview, Nacogdoches, Tyler, Dallas, and San Antonio among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

    East Texas Professional 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. East Texas Professional Credit Union is typically a low 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 relatively high 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 5.60% 11/17/24
    30 Year Conventional Refi 6.10% 11/17/24
    30 Year Cash-out Refi 6.27% 11/17/24
    15 Year Conventional Purchase 6.23% 11/17/24
    15 Year Conventional Refi 6.64% 11/17/24
    15 Year Cash-out Refi 6.64% 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.

    East Texas Professional Credit Union Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from East Texas Professional 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

    378

    Origination Dollar Volume (All Markets)

    $56,150,000
    Show all (5) awards

    Relative Rate

    East Texas Professional Credit Union's average 30 year fixed mortgage rate was 6.16%.

    The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

    This yields a difference of -0.32%.

    Relative Fees (Closing Costs)

    East Texas Professional Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $3,304.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

    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
    LONGVIEW, TX (FHA|USDA|VA) 250 $36,110,000 $144,440 $1,303 6.97%
    Outside of Metro Areas 64 $8,890,000 $138,906 $1,529 7.04%
    Nacogdoches, TX (FHA|USDA|VA) 17 $3,225,000 $189,706 $1,716 7.24%
    TYLER, TX (FHA|USDA|VA) 12 $2,690,000 $224,167 $1,764 7.19%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 8 $1,440,000 $180,000 $1,439 7.75%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $1,245,000 $1,245,000 $8,466 5.13%
    Lufkin, TX (FHA|USDA|VA) 7 $755,000 $107,857 $666 6.43%
    Mount Pleasant, TX (FHA|USDA|VA) 8 $660,000 $82,500 $1,326 6.70%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 3 $605,000 $201,667 $1,650 6.75%
    Palestine, TX (FHA|USDA|VA) 2 $210,000 $105,000 $1,534 6.69%
    Jacksonville, TX (FHA|USDA|VA) 4 $140,000 $35,000 $97 7.50%
    Athens, TX (FHA|USDA|VA) 1 $105,000 $105,000 $1,042 7.50%
    TEXARKANA, TX-AR (FHA|USDA|VA) 1 $75,000 $75,000 $0 7.25%
    East Texas Professional Credit Union's top markets include Longview, Nacogdoches, Tyler, Dallas, and San Antonio among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against EAST TEXAS PROFESSIONAL Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    EAST TEXAS PROFESSIONAL Credit Union
    Similarity Rank: 26
    VeraBank
    Similarity Rank: 155
    Austin Bank, Texas
    Similarity Rank: 160
    Guaranty Bank & Trust, N.A.
    Similarity Rank: 333
    Origin Bank
    Similarity Rank: 715
    NAVY FEDERAL CREDIT UNION
    Similarity Rank: 1778
    EASTMAN
    Similarity Rank: 3036
    MORTGAGE FINANCIAL SERVICES, LLC
    Similarity Rank: 3321
    BancorpSouth
    Similarity Rank: 3680
    INTERLINC MORTGAGE SERVICES, LLC
    Similarity Rank: 5504

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 378 $56,150,000 $148,545 $1,372 7.00%

    For 2023, East Texas Professional Credit Union's most frequently originated type of loan was Conventional, with 378 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 197 $13,675,000 $69,416 $211 7.42%
    Refi 77 $20,795,000 $270,065 $2,890 6.44%
    Home Purchase 74 $16,500,000 $222,973 $2,617 6.42%
    Home Improvement 28 $4,370,000 $156,071 $1,838 7.23%
    Other 2 $810,000 $405,000 $4,718 6.06%

    For 2023, East Texas Professional Credit Union's most frequently cited loan purpose was Cash Out Refi, with 197 originations. The 2nd most popular reason was Refi, with 77 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 109 $34,745,000 $318,761 $3,304 6.16%
    20 Year 100 $11,340,000 $113,400 $874 7.84%
    10 Year 76 $4,100,000 $53,947 $380 7.04%
    15 Year 39 $3,555,000 $91,154 $644 7.42%
    5 Year 27 $1,175,000 $43,519 $325 6.47%
    Other 22 $1,010,000 $45,909 $366 7.30%
    3 Year 5 $225,000 $45,000 $62 6.30%

    For 2023, East Texas Professional Credit Union's most frequently cited loan duration was 30 Year, with 109 originations. The 2nd most popular length was 20 Year, with 100 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 378 $56,150,000 $148,545

    East Texas Professional Credit Union's average total fees were $3,304, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 378 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 155 $23,145,000 $149,323
    7-8% 82 $6,670,000 $81,341
    5-6% 67 $18,185,000 $271,418
    Over 8% 63 $4,415,000 $70,079
    4-5% 10 $3,650,000 $365,000
    3-4% 1 $85,000 $85,000

    During 2023, East Texas Professional Credit Union's average interest rate for loans was 6.16%, while their most frequently originated rate bucket for loans was 6-7%, with 155 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 206 $10,160,000 $49,320 $402 7.33%
    $100k-200k 79 $11,095,000 $140,443 $1,375 7.03%
    $200k-400k 68 $19,650,000 $288,971 $2,947 6.42%
    $400k-600k 14 $6,970,000 $497,857 $4,343 5.79%
    $600k-1MM 10 $7,030,000 $703,000 $5,753 5.96%
    $1MM+ 1 $1,245,000 $1,245,000 $8,466 5.13%

    2023 saw East Texas Professional Credit Union place emphasis on $100,000 or less loans with 206 originations, totaling $10,160,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 116 $16,750,000 $144,397 $1,395 7.06%
    $150k-250k 75 $17,375,000 $231,667 $2,130 7.02%
    $75k-100k 62 $7,740,000 $124,839 $1,292 6.77%
    $50k-75k 58 $4,430,000 $76,379 $724 7.13%
    $50k or less 48 $2,740,000 $57,083 $517 7.15%
    $250k+ 18 $7,030,000 $390,556 $2,788 6.44%

    East Texas Professional Credit Union lent most frequently to those with incomes in the $100k-150k range, with 116 originations. The second most popular income band? $150k-250k, with 75 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 94 $14,130,000 $150,319 $1,340 6.86%
    30-36% 84 $15,070,000 $179,405 $1,672 6.99%
    <20% 66 $5,300,000 $80,303 $896 6.97%
    50-60% 15 $2,975,000 $198,333 $1,898 6.95%
    39% 14 $2,640,000 $188,571 $1,664 7.08%
    42% 13 $1,675,000 $128,846 $1,144 6.99%
    40% 12 $2,240,000 $186,667 $2,007 6.95%
    41% 12 $1,780,000 $148,333 $1,141 7.29%
    >60% 11 $1,635,000 $148,636 $1,029 7.75%
    45% 10 $1,800,000 $180,000 $1,649 6.80%
    38% 9 $915,000 $101,667 $688 8.47%
    44% 8 $1,260,000 $157,500 $1,252 6.47%
    37% 8 $1,700,000 $212,500 $2,254 6.45%
    36% 8 $700,000 $87,500 $932 6.72%
    47% 3 $825,000 $275,000 $2,388 6.58%
    46% 3 $685,000 $228,333 $1,628 7.42%
    43% 3 $265,000 $88,333 $1,097 7.67%
    48% 3 $455,000 $151,667 $1,241 6.75%
    49% 2 $100,000 $50,000 $69 9.00%

    East Texas Professional Credit Union lent most frequently to those with DTI ratios of 20-30%, with 94 originations. The next most common DTI ratio? 30-36%, with 84 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 327 $48,785,000 $149,190 $1,377 6.97%
    Black 35 $4,805,000 $137,286 $1,496 7.04%
    American Indian 6 $1,130,000 $188,333 $1,641 7.10%
    Not provided 7 $1,045,000 $149,286 $850 7.96%
    Asian Indian 1 $175,000 $175,000 $153 7.75%
    Other Pacific Islander 1 $155,000 $155,000 $192 6.00%
    Asian 1 $55,000 $55,000 $0 8.25%

    Approval Rates

    Total approvals of all applications
    80.03%

    East Texas Professional Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    70.11%

    East Texas Professional Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 378 $56,150,000 $148,545

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    378 $56,150,000 $148,545

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 79 $5,745,000 $72,722 $519 7.53%
    40-60% 51 $7,005,000 $137,353 $1,373 6.90%
    60-80% 68 $14,530,000 $213,676 $1,954 6.82%
    80-100% 78 $23,020,000 $295,128 $3,054 6.31%
    Over 100% 3 $1,265,000 $421,667 $3,860 6.71%
    Under 20% 97 $4,115,000 $42,423 $209 7.32%