Harris County Federal Credit Union Mortgage Rates, Fees & Info
Houston, TXLEI: 549300N7MKAZNGCKT625
Tax ID: 74-1192150
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Harris County Federal Credit Union is a smaller credit union specializing in Other, Home Improvement, and Cash Out Refi loans. Harris County Federal Credit Union has a high proportion of conventional loans. Their top two markets are Houston and Brenham .Harris County Federal Credit Union has an above average approval rate when compared to the average across all lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.96% | 11/17/24 |
| 30 Year Conventional Refi | 6.52% | 11/17/24 |
| 30 Year Cash-out Refi | 7.09% | 11/17/24 |
| 30 Year FHA Purchase | 6.27% | 11/17/24 |
| 15 Year Conventional Purchase | 5.68% | 11/17/24 |
| 15 Year Conventional Refi | 6.39% | 11/17/24 |
| 15 Year Cash-out Refi | 6.39% | 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. | ||
Harris County Federal 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
71Origination Dollar Volume (All Markets)
$4,615,000Top 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 |
|---|---|---|---|---|---|
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 70 | $4,590,000 | $65,571 | $1,014 | 6.60% |
| Brenham, TX (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $265 | 7.24% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 69 | $4,445,000 | $64,420 | $1,003 | 6.55% |
| HELOC | 2 | $170,000 | $85,000 | n/a | 8.75% |
For 2023, Harris County Federal Credit Union's most frequently originated type of loan was Conventional, with 69 originations. Their 2nd most popular type was HELOC, with 2 originations.
Loan Reason
For 2023, Harris County Federal Credit Union's most frequently cited loan purpose was Other, with 26 originations. The 2nd most popular reason was Home Improvement, with 25 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 10 Year | 32 | $1,760,000 | $55,000 | $473 | 6.45% |
| 15 Year | 26 | $2,250,000 | $86,538 | $2,056 | 7.55% |
| 5 Year | 13 | $605,000 | $46,538 | $365 | 5.12% |
For 2023, Harris County Federal Credit Union's most frequently cited loan duration was 10 Year, with 32 originations. The 2nd most popular length was 15 Year, with 26 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 27 | $1,725,000 | $63,889 |
| 7-8% | 17 | $1,215,000 | $71,471 |
| 5-6% | 11 | $555,000 | $50,455 |
| 4-5% | 9 | $505,000 | $56,111 |
| Over 8% | 7 | $615,000 | $87,857 |
During 2023, Harris County Federal Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 6-7%, with 27 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 57 | $3,145,000 | $55,175 | $943 | 6.52% |
| $100k-200k | 14 | $1,470,000 | $105,000 | $1,265 | 6.99% |
2023 saw Harris County Federal Credit Union place emphasis on $100,000 or less loans with 57 originations, totaling $3,145,000 in origination value.
Applicant Income
Harris County Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 22 originations. The second most popular income band? $50k-75k, with 16 originations.
Applicant Debt to Income Ratio
Harris County Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 15 originations. The next most common DTI ratio? 30-36%, with 10 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.21%
Harris County Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 71 | $4,615,000 | $65,000 |