Members Trust Of The Southwest Fcu Mortgage Rates, Fees & Info
Houston, TXLEI: 549300NRFBF7DSU0LE80
Tax ID: 74-1117643
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Mortgage Data
Review & Overview
Members Trust Of The Southwest Fcu is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Members Trust Of The Southwest Fcu has a high proportion of conventional loans. Their top markets by origination volume include: Stephenville, Houston, Mount Pleasant, Corpus Christi, and Granbury among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Members Trust Of The Southwest Fcu 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. Members Trust Of The Southwest Fcu 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 | 7.01% | 4/5/25 |
| 30 Year Conventional Refi | 6.55% | 4/5/25 |
| 30 Year Cash-out Refi | 6.72% | 4/5/25 |
| 15 Year Conventional Purchase | 6.33% | 4/5/25 |
| 15 Year Conventional Refi | 6.85% | 4/5/25 |
| 15 Year Cash-out Refi | 6.85% | 4/5/25 |
| 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. | ||
Members Trust Of The Southwest Fcu Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
55Origination Dollar Volume (All Markets)
$9,025,000Relative Rate
Members Trust Of The Southwest Fcu's average 30 year fixed mortgage rate was
6.66%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.11%.
Relative Fees (Closing Costs)
Members Trust Of The Southwest Fcu's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,693.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $8,356.
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 |
|---|---|---|---|---|---|
| Stephenville, TX (FHA|USDA|VA) | 28 | $5,610,000 | $200,357 | $4,464 | 7.12% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 16 | $2,190,000 | $136,875 | $3,410 | 6.98% |
| Outside of Metro Areas | 7 | $745,000 | $106,429 | $3,104 | 7.14% |
| Mount Pleasant, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,440 | 5.63% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,273 | 7.38% |
| Granbury, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,943 | 6.88% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,364 | 7.75% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 55 | $9,025,000 | $164,091 | $3,920 | 7.07% |
For 2024, Members Trust Of The Southwest Fcu's most frequently originated type of loan was Conventional, with 55 originations.
Loan Reason
For 2024, Members Trust Of The Southwest Fcu's most frequently cited loan purpose was Cash Out Refi, with 36 originations. The 2nd most popular reason was Home Purchase, with 15 originations.
Loan Duration/Length
For 2024, Members Trust Of The Southwest Fcu's most frequently cited loan duration was 15 Year, with 36 originations. The 2nd most popular length was 30 Year, with 15 originations.
Origination Fees/Closing Costs
Members Trust Of The Southwest Fcu's average total fees were $5,693, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 23 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 27 | $4,765,000 | $176,481 |
| 7-8% | 17 | $2,975,000 | $175,000 |
| Over 8% | 6 | $410,000 | $68,333 |
| 5-6% | 5 | $875,000 | $175,000 |
During 2024, Members Trust Of The Southwest Fcu's average interest rate for loans was 6.66%, while their most frequently originated rate bucket for loans was 6-7%, with 27 originations.
Loan Sizing
2024 saw Members Trust Of The Southwest Fcu place emphasis on $100,000 or less loans with 20 originations, totaling $1,180,000 in origination value.
Applicant Income
Members Trust Of The Southwest Fcu lent most frequently to those with incomes in the $100k-150k range, with 15 originations. The second most popular income band? $50k-75k, with 13 originations.
Applicant Debt to Income Ratio
Members Trust Of The Southwest Fcu lent most frequently to those with DTI ratios of 30-36%, with 14 originations. The next most common DTI ratio? 20-30%, with 7 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 54 | $8,870,000 | $164,259 | $3,920 | 7.07% |
| Black | 1 | $155,000 | $155,000 | $3,883 | 7.00% |
Approval Rates
Total approvals of all applications81.91%
Members Trust Of The Southwest Fcu has a below average approval rate.
Pick Rate
Approvals leading to origination61.82%
Members Trust Of The Southwest Fcu 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 | 55 | $9,025,000 | $164,091 |