East Texas Professional Credit Union Mortgage Rates, Fees & Info
Longview, TXLEI: 549300M59800JNGYFP30
Tax ID: 75-0913075
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Mortgage Data
Review & Overview
East Texas Professional Credit Union is a smaller credit union specializing in 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, Tyler, Nacogdoches, Jacksonville, and Mount Pleasant 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 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 | 5.60% | 4/28/24 |
| 30 Year Conventional Refi | 6.10% | 4/28/24 |
| 30 Year Cash-out Refi | 6.27% | 4/28/24 |
| 15 Year Conventional Purchase | 6.23% | 4/28/24 |
| 15 Year Conventional Refi | 6.64% | 4/28/24 |
| 15 Year Cash-out Refi | 6.64% | 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. | ||
East Texas Professional 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
289Origination Dollar Volume (All Markets)
$35,745,000Awards
EAST TEXAS PROFESSIONAL Credit Union - 2020
EAST TEXAS PROFESSIONAL Credit Union is a 2020 , due to their low .
For 2020, 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 |
|---|---|---|---|---|---|
| LONGVIEW, TX (FHA|USDA|VA) | 206 | $25,830,000 | $125,388 | $1,333 | 4.53% |
| Outside of Metro Areas | 29 | $3,365,000 | $116,034 | $1,302 | 4.88% |
| TYLER, TX (FHA|USDA|VA) | 14 | $1,650,000 | $117,857 | $1,367 | 4.62% |
| Nacogdoches, TX (FHA|USDA|VA) | 18 | $1,530,000 | $85,000 | $1,211 | 4.89% |
| Jacksonville, TX (FHA|USDA|VA) | 4 | $990,000 | $247,500 | $1,647 | 4.63% |
| Mount Pleasant, TX (FHA|USDA|VA) | 4 | $750,000 | $187,500 | $2,404 | 4.75% |
| Athens, TX (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $3,058 | 3.50% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,205 | 3.50% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,753 | 3.50% |
| Lufkin, TX (FHA|USDA|VA) | 5 | $275,000 | $55,000 | $571 | 5.60% |
| Brownwood, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,528 | 3.50% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $165,000 | $55,000 | $146 | 6.08% |
| Palestine, TX (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $769 | 4.75% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 289 | $35,745,000 | $123,685 | $1,343 | 4.61% |
For 2020, East Texas Professional Credit Union's most frequently originated type of loan was Conventional, with 289 originations.
Loan Reason
For 2020, East Texas Professional Credit Union's most frequently cited loan purpose was Cash Out Refi, with 115 originations. The 2nd most popular reason was Refi, with 85 originations.
Loan Duration/Length
For 2020, East Texas Professional Credit Union's most frequently cited loan duration was 30 Year, with 114 originations. The 2nd most popular length was 20 Year, with 37 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 289 | $35,745,000 | $123,685 |
East Texas Professional Credit Union's average total fees were $2,598, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 289 originations.
Interest Rates
During 2020, East Texas Professional Credit Union's average interest rate for loans was 3.69%, while their most frequently originated rate bucket for loans was 3-4%, with 153 originations.
Loan Sizing
2020 saw East Texas Professional Credit Union place emphasis on $100,000 or less loans with 168 originations, totaling $8,140,000 in origination value.
Applicant Income
East Texas Professional Credit Union lent most frequently to those with incomes in the $100k-150k range, with 72 originations. The second most popular income band? $75k-100k, with 58 originations.
Applicant Debt to Income Ratio
East Texas Professional Credit Union lent most frequently to those with DTI ratios of 20-30%, with 80 originations. The next most common DTI ratio? 30-36%, with 66 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications77.93%
East Texas Professional Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination80.28%
East Texas Professional Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 289 | $35,745,000 | $123,685 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 289 | $35,745,000 | $123,685 |