Members Trust Of The Southwest Fcu Mortgage Rates, Fees & Info

Houston, TX

LEI: 549300NRFBF7DSU0LE80

Tax ID: 74-1117643

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Members Trust Of The Southwest Fcu is a smaller credit union specializing in Cash Out Refi, Home Purchase, and Refi loans. Members Trust Of The Southwest Fcu has a high proportion of conventional loans. Their top two markets are Stephenville and Houston .

    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.

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    Originations

    21

    Origination Dollar Volume (All Markets)

    $4,515,000

    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) 10 $1,790,000 $179,000 $2,775 6.79%
    Outside of Metro Areas 5 $1,695,000 $339,000 $4,063 6.80%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 6 $1,030,000 $171,667 $4,598 6.63%
    Members Trust Of The Southwest Fcu's top markets include Stephenville and Houston among others.

    Their top states include:
  • Texas (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 21 $4,515,000 $215,000 $3,689 6.74%

    For 2023, Members Trust Of The Southwest Fcu's most frequently originated type of loan was Conventional, with 21 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 10 $1,300,000 $130,000 $3,183 6.60%
    Home Purchase 5 $1,225,000 $245,000 $5,539 6.68%
    Refi 4 $1,450,000 $362,500 $2,644 6.84%
    Home Improvement 2 $540,000 $270,000 $0 7.44%

    For 2023, Members Trust Of The Southwest Fcu's most frequently cited loan purpose was Cash Out Refi, with 10 originations. The 2nd most popular reason was Home Purchase, with 5 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 14 $2,220,000 $158,571 $3,395 6.59%
    10 Year 5 $1,755,000 $351,000 $4,513 6.90%
    1 Year 2 $540,000 $270,000 $0 7.44%

    For 2023, Members Trust Of The Southwest Fcu's most frequently cited loan duration was 15 Year, with 14 originations. The 2nd most popular length was 10 Year, with 5 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 9 $1,205,000 $133,889
    $<1k 5 $1,395,000 $279,000
    $2k-3k 5 $1,025,000 $205,000
    $4k-5k 2 $890,000 $445,000

    Members Trust Of The Southwest Fcu's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 9 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 13 $2,535,000 $195,000
    7-8% 6 $1,560,000 $260,000
    5-6% 2 $420,000 $210,000

    During 2023, Members Trust Of The Southwest Fcu's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 6-7%, with 13 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 10 $1,460,000 $146,000 $3,752 6.89%
    $200k-400k 4 $1,030,000 $257,500 $3,984 6.41%
    $400k-600k 4 $1,810,000 $452,500 $4,420 6.81%
    $100,000 or less 3 $215,000 $71,667 $2,377 6.63%

    2023 saw Members Trust Of The Southwest Fcu place emphasis on $100k-200k loans with 10 originations, totaling $1,460,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 6 $1,250,000 $208,333 $3,009 7.04%
    $150k-250k 5 $1,575,000 $315,000 $5,220 6.58%
    $75k-100k 5 $835,000 $167,000 $3,683 6.50%
    $50k-75k 3 $315,000 $105,000 $3,109 6.83%
    $250k+ 1 $405,000 $405,000 $1,215 6.13%
    $50k or less 1 $135,000 $135,000 $0 7.38%

    Members Trust Of The Southwest Fcu lent most frequently to those with incomes in the $100k-150k range, with 6 originations. The second most popular income band? $150k-250k, with 5 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 5 $1,505,000 $301,000 $2,503 6.48%
    20-30% 3 $595,000 $198,333 $4,604 6.42%
    43% 3 $735,000 $245,000 $3,101 6.71%
    37% 2 $600,000 $300,000 $5,823 6.56%
    45% 2 $190,000 $95,000 $2,996 6.94%
    44% 1 $135,000 $135,000 $0 7.38%
    38% 1 $175,000 $175,000 $5,119 7.75%
    36% 1 $175,000 $175,000 $5,218 7.50%
    <20% 1 $45,000 $45,000 $1,041 6.50%
    39% 1 $155,000 $155,000 $3,632 7.38%
    42% 1 $205,000 $205,000 $4,327 6.38%

    Members Trust Of The Southwest Fcu lent most frequently to those with DTI ratios of 30-36%, with 5 originations. The next most common DTI ratio? 20-30%, with 3 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 21 $4,515,000 $215,000 $3,689 6.74%

    Approval Rates

    Total approvals of all applications
    82.05%

    Members Trust Of The Southwest Fcu has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    80.95%

    Members Trust Of The Southwest Fcu has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 21 $4,515,000 $215,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    21 $4,515,000 $215,000

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 5 $575,000 $115,000 $2,663 6.95%
    40-60% 2 $340,000 $170,000 $3,938 6.06%
    60-80% 11 $2,755,000 $250,455 $3,362 6.89%
    80-100% 3 $845,000 $281,667 $5,984 6.33%