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

Houston, TX

LEI: 549300NRFBF7DSU0LE80

Tax ID: 74-1117643

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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 Home Purchase, Cash Out Refi, Home Improvement, and Refi loans. Members Trust Of The Southwest Fcu has a high proportion of conventional loans. Their top markets by origination volume include: Stephenville, Mineral Wells, Granbury, Dallas, and Houston among others. We have data for 10 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 a below average pick rate when compared to similar lenders.

    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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    Originations

    73

    Origination Dollar Volume (All Markets)

    $11,795,000

    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) 56 $9,750,000 $174,107 $2,821 5.36%
    Outside of Metro Areas 5 $865,000 $173,000 $1,885 5.18%
    Mineral Wells, TX (FHA|USDA|VA) 2 $410,000 $205,000 $643 5.10%
    Granbury, TX (FHA|USDA|VA) 2 $200,000 $100,000 $2,620 5.40%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $165,000 $165,000 $4,121 5.35%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 3 $165,000 $55,000 $1,975 5.77%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $65,000 $65,000 $55 7.00%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $65,000 $65,000 $1,673 5.65%
    ODESSA, TX (FHA|USDA|VA) 1 $55,000 $55,000 $1,800 5.65%
    WACO, TX (FHA|USDA|VA) 1 $55,000 $55,000 $2,229 5.50%
    Members Trust Of The Southwest Fcu's top markets include Stephenville, Mineral Wells, Granbury, Dallas, 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 73 $11,795,000 $161,575 $2,579 5.39%

    For 2019, Members Trust Of The Southwest Fcu's most frequently originated type of loan was Conventional, with 73 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 19 $2,985,000 $157,105 $3,156 5.38%
    Cash Out Refi 19 $2,515,000 $132,368 $2,057 5.41%
    Home Improvement 14 $2,850,000 $203,571 $3,791 5.39%
    Refi 12 $2,520,000 $210,000 $603 5.23%
    Other 9 $925,000 $102,778 $2,908 5.58%

    For 2019, Members Trust Of The Southwest Fcu's most frequently cited loan purpose was Home Purchase, with 19 originations. The 2nd most popular reason was Cash Out Refi, with 19 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 27 $3,115,000 $115,370 $2,623 5.44%
    20 Year 26 $5,500,000 $211,538 $2,092 5.24%
    1 Year 10 $2,400,000 $240,000 $4,374 5.34%
    Other 6 $660,000 $110,000 $2,379 5.53%
    10 Year 4 $120,000 $30,000 $1,134 5.86%

    For 2019, Members Trust Of The Southwest Fcu's most frequently cited loan duration was 15 Year, with 27 originations. The 2nd most popular length was 20 Year, with 26 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 35 $4,375,000 $125,000
    $1k-2k 23 $3,445,000 $149,783
    $2k-3k 7 $2,015,000 $287,857
    $3k-4k 1 $655,000 $655,000
    $4k-5k 1 $415,000 $415,000

    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 bucket, with 35 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 55 $7,785,000 $141,545
    4-5% 14 $3,590,000 $256,429
    6-7% 3 $135,000 $45,000

    During 2019, 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 55 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 28 $4,050,000 $144,643 $3,213 5.41%
    $100,000 or less 25 $1,535,000 $61,400 $1,441 5.60%
    $200k-400k 16 $4,290,000 $268,125 $2,611 5.09%
    $400k-600k 3 $1,265,000 $421,667 $4,034 4.92%
    $600k-1MM 1 $655,000 $655,000 $8,052 5.50%

    2019 saw Members Trust Of The Southwest Fcu place emphasis on $100k-200k loans with 28 originations, totaling $4,050,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 18 $2,000,000 $111,111 $2,450 5.57%
    $75k-100k 18 $3,620,000 $201,111 $2,895 5.25%
    $100k-150k 15 $2,455,000 $163,667 $2,134 5.36%
    $50k-75k 10 $1,130,000 $113,000 $2,608 5.35%
    $250k+ 7 $1,345,000 $192,143 $843 5.30%
    $150k-250k 5 $1,245,000 $249,000 $4,608 5.51%

    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? $75k-100k, with 18 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 27 $3,335,000 $123,519 $2,179 5.45%
    20-30% 12 $3,210,000 $267,500 $3,764 5.20%
    30-36% 8 $900,000 $112,500 $2,131 5.54%
    50-60% 4 $660,000 $165,000 $2,805 5.48%
    46% 3 $795,000 $265,000 $994 5.20%
    38% 3 $255,000 $85,000 $1,561 5.30%
    42% 2 $420,000 $210,000 $2,001 5.38%
    40% 1 $65,000 $65,000 $2,043 5.65%
    43% 1 $175,000 $175,000 $3,732 5.35%
    44% 1 $105,000 $105,000 $2,664 5.50%
    45% 1 $295,000 $295,000 $635 4.75%
    37% 1 $115,000 $115,000 $0 5.50%
    48% 1 $255,000 $255,000 $5,231 5.50%
    36% 1 $105,000 $105,000 $2,192 5.15%
    >60% 1 $295,000 $295,000 $590 4.75%

    Members Trust Of The Southwest Fcu lent most frequently to those with DTI ratios of <20%, with 27 originations. The next most common DTI ratio? 20-30%, with 12 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 71 $11,465,000 $161,479 $2,545 5.39%
    Not provided 1 $195,000 $195,000 $4,107 5.50%
    Black 1 $135,000 $135,000 $3,243 5.50%

    Approval Rates

    Total approvals of all applications
    90.11%

    Members Trust Of The Southwest Fcu has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.67%

    Members Trust Of The Southwest Fcu has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 73 $11,795,000 $161,575

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 2 $110,000 $55,000
    Single Family (1-4 Units):Site-Built 71 $11,685,000 $164,577

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 12 $1,650,000 $137,500 $3,423 5.47%
    40-60% 15 $2,585,000 $172,333 $2,136 5.41%
    60-80% 31 $5,485,000 $176,935 $2,517 5.39%
    80-100% 11 $1,765,000 $160,455 $2,447 5.26%
    Under 20% 2 $70,000 $35,000 $1,327 5.65%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    MEMBER FIRST MORTGAGE, LLC FHA mortgage Applying for a mortgage or refinancing an existing mortgage 2 100.0%