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 Home Purchase, Cash Out Refi, Refi, and Home Improvement loans. Members Trust Of The Southwest Fcu has a high proportion of conventional loans. Their top markets by origination volume include: Stephenville, Houston, Mineral Wells, Dallas, and Odessa 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 above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
85Origination Dollar Volume (All Markets)
$13,085,000Top 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 |
|---|---|---|---|---|---|
| Stephenville, TX (FHA|USDA|VA) | 61 | $9,445,000 | $154,836 | $2,617 | 5.15% |
| Outside of Metro Areas | 9 | $1,255,000 | $139,444 | $2,697 | 5.33% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 7 | $785,000 | $112,143 | $2,937 | 5.19% |
| Mineral Wells, TX (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $3,802 | 5.10% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $762 | 5.30% |
| ODESSA, TX (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $4,783 | 5.13% |
| Sulphur Springs, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 5.10% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 85 | $13,085,000 | $153,941 | $2,724 | 5.17% |
For 2018, Members Trust Of The Southwest Fcu's most frequently originated type of loan was Conventional, with 85 originations.
Loan Reason
For 2018, Members Trust Of The Southwest Fcu's most frequently cited loan purpose was Home Purchase, with 27 originations. The 2nd most popular reason was Cash Out Refi, with 22 originations.
Loan Duration/Length
For 2018, Members Trust Of The Southwest Fcu's most frequently cited loan duration was 20 Year, with 38 originations. The 2nd most popular length was 15 Year, with 29 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 45 | $4,615,000 | $102,556 |
| $1k-2k | 16 | $2,280,000 | $142,500 |
| $2k-3k | 10 | $2,590,000 | $259,000 |
| $3k-4k | 6 | $2,000,000 | $333,333 |
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 bucket, with 45 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 56 | $6,730,000 | $120,179 |
| 4-5% | 18 | $3,570,000 | $198,333 |
During 2018, 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 5-6%, with 56 originations.
Loan Sizing
2018 saw Members Trust Of The Southwest Fcu place emphasis on $100,000 or less loans with 36 originations, totaling $2,090,000 in origination value.
Applicant Income
Members Trust Of The Southwest Fcu lent most frequently to those with incomes in the $50k or less range, with 18 originations. The second most popular income band? $50k-75k, with 17 originations.
Applicant Debt to Income Ratio
Members Trust Of The Southwest Fcu lent most frequently to those with DTI ratios of <20%, with 68 originations. The next most common DTI ratio? 20-30%, with 13 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 84 | $12,800,000 | $152,381 | $2,689 | 5.17% |
| Not provided | 1 | $285,000 | $285,000 | $5,277 | 5.25% |
Approval Rates
Total approvals of all applications96.63%
Members Trust Of The Southwest Fcu has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination98.82%
Members Trust Of The Southwest Fcu has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 85 | $13,085,000 | $153,941 |
Occupancy Type Mix
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| MEMBER FIRST MORTGAGE, LLC | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |