East Texas Professional Credit Union Mortgage Rates, Fees & Info

Longview, TX

LEI: 549300M59800JNGYFP30

Tax ID: 75-0913075

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
  • 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 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.

    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% 12/16/24
    30 Year Conventional Refi 6.10% 12/16/24
    30 Year Cash-out Refi 6.27% 12/16/24
    15 Year Conventional Purchase 6.23% 12/16/24
    15 Year Conventional Refi 6.64% 12/16/24
    15 Year Cash-out Refi 6.64% 12/16/24
    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

    289

    Origination Dollar Volume (All Markets)

    $35,745,000

    Awards

    EAST TEXAS PROFESSIONAL Credit Union 30 Year Conventional Loans gold EAST TEXAS PROFESSIONAL Credit Union 30 Year Conventional Loans silver EAST TEXAS PROFESSIONAL Credit Union 30 Year Conventional Loans bronze
    Show all (3) awards

    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%
    East Texas Professional Credit Union's top markets include Longview, Tyler, Nacogdoches, Jacksonville, and Mount Pleasant 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: 442
    Southside Bank
    Similarity Rank: 812
    Austin Bank, Texas
    Similarity Rank: 960
    VeraBank
    Similarity Rank: 1008
    RESIDENTIAL BANCORP
    Similarity Rank: 1392
    Guaranty Bank & Trust, N.A.
    Similarity Rank: 1404
    TIB The Independent Bankersbank
    Similarity Rank: 2376
    VILLAGE CAPITAL MORTGAGE
    Similarity Rank: 3144
    Prosperity Bank
    Similarity Rank: 4644
    EASTMAN
    Similarity Rank: 6336

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 115 $5,645,000 $49,087 $213 5.43%
    Refi 85 $15,115,000 $177,824 $1,919 4.01%
    Home Purchase 76 $14,020,000 $184,474 $2,448 3.82%
    Home Improvement 13 $965,000 $74,231 $1,116 5.98%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 114 $24,830,000 $217,807 $2,598 3.69%
    20 Year 37 $3,155,000 $85,270 $750 6.14%
    10 Year 36 $2,090,000 $58,056 $465 5.56%
    15 Year 35 $2,805,000 $80,143 $936 5.41%
    5 Year 30 $1,180,000 $39,333 $190 4.04%
    Other 26 $1,340,000 $51,538 $267 5.10%
    3 Year 11 $345,000 $31,364 $194 3.74%

    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

    Loan Rate Originations Total Value Average Loan
    3-4% 153 $25,935,000 $169,510
    4-5% 64 $5,770,000 $90,156
    5-6% 24 $1,050,000 $43,750
    6-7% 22 $1,430,000 $65,000
    7-8% 15 $925,000 $61,667
    Over 8% 11 $635,000 $57,727

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 168 $8,140,000 $48,452 $459 5.11%
    $200k-400k 57 $15,625,000 $274,123 $3,141 3.61%
    $100k-200k 56 $7,910,000 $141,250 $1,797 4.26%
    $400k-600k 7 $3,255,000 $465,000 $3,551 3.68%
    $600k-1MM 1 $815,000 $815,000 $6,547 3.50%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 72 $10,010,000 $139,028 $1,480 4.52%
    $75k-100k 58 $6,590,000 $113,621 $1,295 4.68%
    $50k-75k 54 $4,950,000 $91,667 $1,190 4.72%
    $50k or less 52 $3,040,000 $58,462 $683 4.81%
    $150k-250k 38 $6,760,000 $177,895 $1,691 4.53%
    $250k+ 11 $3,605,000 $327,727 $2,824 3.74%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 80 $10,690,000 $133,625 $1,464 4.22%
    30-36% 66 $8,430,000 $127,727 $1,314 4.66%
    <20% 50 $6,350,000 $127,000 $1,515 4.34%
    40% 17 $2,015,000 $118,529 $1,206 5.13%
    41% 13 $1,575,000 $121,154 $768 5.62%
    37% 13 $1,445,000 $111,154 $1,274 4.66%
    39% 11 $1,005,000 $91,364 $1,054 4.78%
    38% 9 $605,000 $67,222 $1,271 5.03%
    36% 8 $1,050,000 $131,250 $1,592 5.17%
    43% 7 $885,000 $126,429 $1,310 5.36%
    42% 6 $330,000 $55,000 $386 4.83%
    >60% 3 $425,000 $141,667 $2,461 4.75%
    46% 2 $140,000 $70,000 $1,006 5.25%
    48% 1 $255,000 $255,000 $2,612 3.50%
    49% 1 $415,000 $415,000 $1,909 3.50%
    50-60% 1 $45,000 $45,000 $137 8.25%
    44% 1 $85,000 $85,000 $140 3.75%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 258 $32,280,000 $125,116 $1,333 4.56%
    Black 28 $2,580,000 $92,143 $1,272 5.12%
    Asian 3 $885,000 $295,000 $2,895 3.92%

    Approval Rates

    Total approvals of all applications
    77.93%

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

    Pick Rate

    Approvals leading to origination
    80.28%

    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

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 55 $2,835,000 $51,545 $450 5.04%
    40-60% 48 $4,550,000 $94,792 $960 4.93%
    60-80% 55 $8,415,000 $153,000 $1,322 4.68%
    80-100% 76 $14,860,000 $195,526 $2,399 3.87%
    Over 100% 3 $675,000 $225,000 $3,066 3.67%
    Under 20% 39 $1,125,000 $28,846 $259 5.35%