East Texas Professional Credit Union Mortgage Rates, Fees & Info
Longview, TXLEI: 549300M59800JNGYFP30
Tax ID: 75-0913075
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
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, Jacksonville, Tyler, Nacogdoches, and Mount Pleasant among others. We have data for 11 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.
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 |
|---|---|---|
| 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
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
279Origination Dollar Volume (All Markets)
$42,775,000Awards
EAST TEXAS PROFESSIONAL Credit Union - 2022
EAST TEXAS PROFESSIONAL Credit Union is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
Work for EAST TEXAS PROFESSIONAL Credit Union?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
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) | 208 | $31,140,000 | $149,712 | $1,385 | 5.28% |
| Outside of Metro Areas | 29 | $3,835,000 | $132,241 | $1,357 | 5.99% |
| Jacksonville, TX (FHA|USDA|VA) | 5 | $2,145,000 | $429,000 | $3,281 | 5.90% |
| TYLER, TX (FHA|USDA|VA) | 10 | $1,680,000 | $168,000 | $1,686 | 5.20% |
| Nacogdoches, TX (FHA|USDA|VA) | 14 | $1,480,000 | $105,714 | $1,321 | 5.45% |
| Mount Pleasant, TX (FHA|USDA|VA) | 6 | $980,000 | $163,333 | $1,046 | 6.25% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $5,101 | 3.50% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $2,071 | 4.50% |
| Lufkin, TX (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,905 | 6.75% |
| Athens, TX (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $3,283 | 6.13% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $161 | 5.25% |
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.
Similarity Rank: 66
Similarity Rank: 270
Similarity Rank: 330
Similarity Rank: 400
Similarity Rank: 468
Similarity Rank: 660
Similarity Rank: 990
Similarity Rank: 1350
Similarity Rank: 1440
Similarity Rank: 3352
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 279 | $42,775,000 | $153,315 | $1,453 | 5.39% |
For 2022, East Texas Professional Credit Union's most frequently originated type of loan was Conventional, with 279 originations.
Loan Reason
For 2022, East Texas Professional Credit Union's most frequently cited loan purpose was Cash Out Refi, with 150 originations. The 2nd most popular reason was Refi, with 55 originations.
Loan Duration/Length
For 2022, East Texas Professional Credit Union's most frequently cited loan duration was 30 Year, with 89 originations. The 2nd most popular length was 20 Year, with 50 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 279 | $42,775,000 | $153,315 |
East Texas Professional Credit Union's average total fees were $3,521, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 279 originations.
Interest Rates
During 2022, East Texas Professional Credit Union's average interest rate for loans was 4.17%, while their most frequently originated rate bucket for loans was 4-5%, with 63 originations.
Loan Sizing
2022 saw East Texas Professional Credit Union place emphasis on $100,000 or less loans with 161 originations, totaling $7,505,000 in origination value.
Applicant Income
East Texas Professional Credit Union lent most frequently to those with incomes in the $100k-150k range, with 79 originations. The second most popular income band? $50k-75k, with 64 originations.
Applicant Debt to Income Ratio
East Texas Professional Credit Union lent most frequently to those with DTI ratios of 20-30%, with 82 originations. The next most common DTI ratio? 30-36%, with 64 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications79.30%
East Texas Professional Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination69.89%
East Texas Professional Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 279 | $42,775,000 | $153,315 |