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 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.

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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

    279

    Origination Dollar Volume (All Markets)

    $42,775,000

    Awards

    EAST TEXAS PROFESSIONAL Credit Union 30 Year Conventional Loans gold EAST TEXAS PROFESSIONAL Credit Union 30 Year Conventional Loans gold EAST TEXAS PROFESSIONAL Credit Union 30 Year Conventional Loans silver
    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) 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%
    East Texas Professional Credit Union's top markets include Longview, Jacksonville, Tyler, Nacogdoches, 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: 66
    Texas Bank and Trust Company
    Similarity Rank: 270
    VeraBank
    Similarity Rank: 330
    Austin Bank, Texas
    Similarity Rank: 400
    The City National Bank of Sulphur Springs
    Similarity Rank: 468
    Texas Mortgage Lending, LLC
    Similarity Rank: 660
    Prosperity Bank
    Similarity Rank: 990
    TIB The Independent Bankersbank
    Similarity Rank: 1350
    Guaranty Bank & Trust, N.A.
    Similarity Rank: 1440
    USAA Federal Savings Bank
    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 150 $8,730,000 $58,200 $278 5.98%
    Refi 55 $15,945,000 $289,909 $3,130 4.83%
    Home Purchase 49 $12,325,000 $251,531 $2,616 4.37%
    Home Improvement 23 $4,885,000 $212,391 $2,328 5.18%
    Other 2 $890,000 $445,000 $4,898 4.00%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 89 $30,445,000 $342,079 $3,521 4.17%
    20 Year 50 $4,630,000 $92,600 $627 6.93%
    10 Year 42 $2,170,000 $51,667 $388 6.71%
    5 Year 39 $1,385,000 $35,513 $154 3.90%
    15 Year 31 $2,685,000 $86,613 $879 6.31%
    Other 26 $1,420,000 $54,615 $417 5.80%
    3 Year 2 $40,000 $20,000 $152 3.50%

    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

    Loan Rate Originations Total Value Average Loan
    4-5% 63 $14,125,000 $224,206
    3-4% 62 $17,150,000 $276,613
    6-7% 50 $4,640,000 $92,800
    5-6% 33 $2,845,000 $86,212
    7-8% 30 $1,850,000 $61,667
    2.5-3% 21 $1,215,000 $57,857
    Over 8% 20 $950,000 $47,500

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 161 $7,505,000 $46,615 $321 6.00%
    $200k-400k 54 $16,180,000 $299,630 $3,181 4.35%
    $100k-200k 40 $5,450,000 $136,250 $1,458 5.19%
    $400k-600k 20 $10,060,000 $503,000 $4,801 3.94%
    $600k-1MM 3 $1,975,000 $658,333 $5,513 4.08%
    $1MM+ 1 $1,605,000 $1,605,000 $11,100 4.75%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 79 $13,925,000 $176,266 $1,786 4.99%
    $50k-75k 64 $5,350,000 $83,594 $731 5.81%
    $150k-250k 45 $12,725,000 $282,778 $2,724 4.90%
    $75k-100k 43 $4,905,000 $114,070 $892 5.52%
    $50k or less 38 $1,970,000 $51,842 $622 6.24%
    $250k+ 9 $3,875,000 $430,556 $3,645 4.22%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 82 $13,420,000 $163,659 $1,467 5.19%
    30-36% 64 $12,740,000 $199,063 $1,952 5.20%
    <20% 24 $2,530,000 $105,417 $1,115 4.88%
    39% 14 $2,740,000 $195,714 $1,730 5.91%
    42% 13 $1,645,000 $126,538 $1,494 6.12%
    38% 12 $1,560,000 $130,000 $1,342 5.88%
    43% 11 $1,955,000 $177,727 $1,687 5.57%
    41% 11 $1,185,000 $107,727 $912 6.14%
    44% 10 $880,000 $88,000 $864 6.08%
    50-60% 6 $670,000 $111,667 $877 5.67%
    >60% 5 $435,000 $87,000 $366 5.80%
    37% 5 $765,000 $153,000 $1,949 4.05%
    36% 5 $975,000 $195,000 $1,663 5.65%
    45% 4 $260,000 $65,000 $731 4.56%
    40% 4 $320,000 $80,000 $445 5.94%
    46% 3 $425,000 $141,667 $1,458 4.67%
    48% 3 $175,000 $58,333 $306 7.50%
    49% 2 $70,000 $35,000 $584 6.00%
    47% 1 $25,000 $25,000 $139 5.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 247 $39,475,000 $159,818 $1,486 5.33%
    Black 27 $2,735,000 $101,296 $1,209 6.09%
    Asian 4 $540,000 $135,000 $1,391 4.88%
    American Indian 1 $25,000 $25,000 $191 3.00%

    Approval Rates

    Total approvals of all applications
    79.30%

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

    Pick Rate

    Approvals leading to origination
    69.89%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    279 $42,775,000 $153,315

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 50 $3,020,000 $60,400 $390 6.04%
    40-60% 42 $5,310,000 $126,429 $1,012 5.43%
    60-80% 50 $11,600,000 $232,000 $2,308 5.26%
    80-100% 62 $19,390,000 $312,742 $3,216 4.35%
    Over 100% 1 $75,000 $75,000 $1,676 3.50%
    Under 20% 64 $2,200,000 $34,375 $299 5.80%