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, 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, Killeen, Granbury, and Mineral Wells among others. We have data for 6 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

    55

    Origination Dollar Volume (All Markets)

    $8,405,000

    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) 38 $5,760,000 $151,579 $2,497 4.28%
    Outside of Metro Areas 10 $1,620,000 $162,000 $3,470 4.56%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 4 $400,000 $100,000 $2,315 4.38%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $275,000 $275,000 $2,735 3.90%
    Granbury, TX (FHA|USDA|VA) 1 $225,000 $225,000 $4,935 4.75%
    Mineral Wells, TX (FHA|USDA|VA) 1 $125,000 $125,000 $2,734 3.80%
    Members Trust Of The Southwest Fcu's top markets include Stephenville, Houston, Killeen, Granbury, and Mineral Wells among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 55 $8,405,000 $152,818 $2,703 4.33%

    For 2020, Members Trust Of The Southwest Fcu's most frequently originated type of loan was Conventional, with 55 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 18 $2,230,000 $123,889 $2,861 4.23%
    Cash Out Refi 16 $1,670,000 $104,375 $2,377 4.41%
    Refi 14 $2,530,000 $180,714 $1,839 4.36%
    Home Improvement 6 $1,950,000 $325,000 $5,215 4.31%
    Other 1 $25,000 $25,000 $922 4.65%

    For 2020, Members Trust Of The Southwest Fcu's most frequently cited loan purpose was Home Purchase, with 18 originations. The 2nd most popular reason was Cash Out Refi, with 16 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 27 $3,605,000 $133,519 $2,888 4.37%
    20 Year 17 $2,545,000 $149,706 $2,030 4.24%
    10 Year 5 $185,000 $37,000 $710 4.44%
    1 Year 5 $1,935,000 $387,000 $6,228 4.39%
    Other 1 $135,000 $135,000 $1,862 3.80%

    For 2020, 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 17 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 28 $2,410,000 $86,071
    $1k-2k 17 $2,845,000 $167,353
    $2k-3k 5 $1,135,000 $227,000
    $3k-4k 3 $1,075,000 $358,333
    $5k+ 1 $605,000 $605,000

    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 28 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 37 $5,945,000 $160,676
    3-4% 16 $2,400,000 $150,000
    5-6% 2 $60,000 $30,000

    During 2020, 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 4-5%, with 37 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 23 $1,275,000 $55,435 $1,292 4.47%
    $100k-200k 16 $2,230,000 $139,375 $2,740 4.23%
    $200k-400k 13 $3,445,000 $265,000 $4,553 4.13%
    $400k-600k 2 $850,000 $425,000 $3,487 4.45%
    $600k-1MM 1 $605,000 $605,000 $9,404 4.75%

    2020 saw Members Trust Of The Southwest Fcu place emphasis on $100,000 or less loans with 23 originations, totaling $1,275,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 14 $1,180,000 $84,286 $1,264 4.39%
    $150k-250k 11 $1,615,000 $146,818 $2,785 4.35%
    $100k-150k 9 $1,375,000 $152,778 $2,893 4.33%
    $75k-100k 9 $2,185,000 $242,778 $3,330 4.28%
    $50k-75k 8 $1,060,000 $132,500 $3,114 4.31%
    $250k+ 4 $990,000 $247,500 $4,135 4.18%

    Members Trust Of The Southwest Fcu lent most frequently to those with incomes in the $50k or less range, with 14 originations. The second most popular income band? $150k-250k, with 11 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 18 $3,810,000 $211,667 $3,842 4.26%
    20-30% 11 $1,305,000 $118,636 $2,563 4.26%
    30-36% 4 $310,000 $77,500 $2,380 4.35%
    50-60% 3 $405,000 $135,000 $2,582 4.42%
    41% 3 $415,000 $138,333 $2,196 4.23%
    >60% 2 $300,000 $150,000 $3,234 4.33%
    38% 2 $80,000 $40,000 $793 4.03%
    40% 2 $310,000 $155,000 $894 4.78%
    45% 2 $150,000 $75,000 $1,339 4.83%
    37% 1 $65,000 $65,000 $1,597 4.90%
    39% 1 $145,000 $145,000 $732 4.75%
    43% 1 $445,000 $445,000 $670 4.15%

    Members Trust Of The Southwest Fcu lent most frequently to those with DTI ratios of <20%, with 18 originations. The next most common DTI ratio? 20-30%, with 11 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 39 $6,325,000 $162,179 $2,754 4.23%
    Not provided 15 $2,065,000 $137,667 $2,749 4.61%
    Black 1 $15,000 $15,000 $153 3.90%

    Approval Rates

    Total approvals of all applications
    95.77%

    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 origination
    76.36%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 55 $8,405,000 $152,818

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 2 $150,000 $75,000
    Single Family (1-4 Units):Site-Built 53 $8,255,000 $155,755

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 10 $1,420,000 $142,000 $2,406 4.33%
    40-60% 7 $935,000 $133,571 $2,675 4.36%
    60-80% 23 $3,465,000 $150,652 $2,924 4.37%
    80-100% 14 $2,570,000 $183,571 $2,729 4.28%
    Under 20% 1 $15,000 $15,000 $153 3.90%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    MEMBER FIRST MORTGAGE, LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    MEMBER FIRST MORTGAGE, LLC FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%