Member Home Loan Mortgage Rates, Fees & Info
AUSTIN, TXLEI: 549300P6J0MZZT4UMT05
Tax ID: 36-4569955
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Member Home Loan is a smaller mortgage company specializing in Refi, Home Purchase, and Cash Out Refi loans. Member Home Loan has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets include Houston, Dallas, San Antonio, Austin, and Corpus Christi among others. Member Home Loan has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Member Home Loan is typically a high fee lendor.Originations
513Origination Dollar Volume (All Markets)
$134,905,000Relative Rate
Member Home Loan 's average 30 year fixed rate mortgage of loans were
3.19%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of 0.04%.
Relative Fees
Member Home Loan 's average total fees for a 30 year fixed rate
mortgage are $7,485.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 366 | $99,940,000 | $273,060 | $6,836 | 2.97% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 44 | $10,540,000 | $239,545 | $6,442 | 2.94% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 26 | $6,670,000 | $256,538 | $7,014 | 3.05% |
| Outside of Metro Areas | 15 | $4,075,000 | $271,667 | $6,335 | 3.02% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 7 | $3,535,000 | $505,000 | $10,956 | 3.16% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 13 | $2,405,000 | $185,000 | $6,593 | 2.88% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 7 | $1,125,000 | $160,714 | $4,249 | 2.68% |
| Huntsville, TX (FHA|USDA|VA) | 2 | $900,000 | $450,000 | $8,534 | 3.19% |
| MIDLAND, TX (FHA|USDA|VA) | 2 | $830,000 | $415,000 | $11,299 | 3.00% |
| AMARILLO, TX (FHA|USDA|VA) | 4 | $660,000 | $165,000 | $5,061 | 2.75% |
| Bay City, TX (FHA|USDA|VA) | 4 | $640,000 | $160,000 | $5,349 | 2.82% |
| TYLER, TX (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $4,686 | 2.71% |
| El Campo, TX (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $5,380 | 2.81% |
| LONGVIEW, TX (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $6,726 | 4.06% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $4,667 | 3.13% |
| Fredericksburg, TX (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $5,781 | 2.13% |
| Del Rio, TX (FHA|USDA|VA) | 3 | $325,000 | $108,333 | $5,137 | 2.96% |
| LUBBOCK, TX (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $4,026 | 2.75% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $6,065 | 2.99% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $6,034 | 2.88% |
| Athens, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,773 | 5.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,041 | 2.75% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,876 | 2.25% |
| DeRidder, LA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,261 | 2.38% |
| VICTORIA, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,597 | 3.00% |
| Jacksonville, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,901 | 2.75% |
Member Home Loan 's top markets include Houston, Dallas, San Antonio, Austin, and Corpus Christi among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 509 | $133,995,000 | $263,251 | $6,694 | 2.97% |
| FHA | 4 | $910,000 | $227,500 | $10,948 | 2.88% |
For the 2021 period, Member Home Loan 's most frequently originated loan type of loans were Conventional, with 509 originations. Their 2nd most popular type is FHA, with 4 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Refi | 208 | $52,390,000 | $251,875 | $5,848 | 2.72% |
| Home Purchase | 155 | $44,945,000 | $289,968 | $8,034 | 3.24% |
| Cash Out Refi | 150 | $37,570,000 | $250,467 | $6,589 | 3.03% |
For the 2021, Member Home Loan 's most frequently cited loan purpose of loans were Refi, with 208 originations. The 2nd most popular reason of loans were Home Purchase, with 155 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 302 | $92,440,000 | $306,093 | $7,485 | 3.19% |
| 15 Year | 146 | $30,020,000 | $205,616 | $5,549 | 2.49% |
| 20 Year | 46 | $8,760,000 | $190,435 | $5,806 | 3.05% |
| 10 Year | 17 | $3,245,000 | $190,882 | $5,983 | 2.93% |
| Other | 2 | $440,000 | $220,000 | $6,165 | 2.31% |
For the 2021, Member Home Loan 's most frequently cited loan length of loans were 30 Year, with 302 originations. The 2nd most popular length of loans were 15 Year, with 146 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $3k-4k | 239 | $60,115,000 | $251,527 |
| $2k-3k | 158 | $23,520,000 | $148,861 |
| $5k+ | 94 | $46,520,000 | $494,894 |
| $1k-2k | 20 | $3,480,000 | $174,000 |
| $<1k | 2 | $1,270,000 | $635,000 |
$7,485 of loans were Member Home Loan 's average total fees, while their most frequently occuring range of origination fees were in the $3k-4k bucket, with 239 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 191 | $49,835,000 | $260,916 |
| 3-4% | 185 | $55,435,000 | $299,649 |
| <2.5% | 120 | $25,890,000 | $215,750 |
| 4-5% | 14 | $3,470,000 | $247,857 |
| 6-7% | 3 | $275,000 | $91,667 |
During 2021, Member Home Loan 's average interest rate of loans were 3.19%, while their most frequently originated rate bucket of loans were 2.5-3%, with 191 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 212 | $59,540,000 | $280,849 | $6,901 | 2.94% |
| $100k-200k | 187 | $28,315,000 | $151,417 | $5,273 | 2.93% |
| $400k-600k | 54 | $26,330,000 | $487,593 | $10,089 | 3.12% |
| $100,000 or less | 37 | $2,855,000 | $77,162 | $4,176 | 2.95% |
| $600k-1MM | 21 | $15,085,000 | $718,333 | $12,572 | 3.18% |
| $1MM+ | 2 | $2,780,000 | $1,390,000 | $20,855 | 3.13% |
2021 saw Member Home Loan place emphasis on $200k-400k loans with 212 originations, totaling $59,540,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 132 | $31,700,000 | $240,152 | $6,434 | 2.90% |
| $150k-250k | 109 | $34,765,000 | $318,945 | $7,631 | 2.97% |
| $50k-75k | 86 | $14,690,000 | $170,814 | $5,563 | 3.07% |
| $75k-100k | 86 | $17,520,000 | $203,721 | $5,873 | 2.97% |
| $250k+ | 66 | $31,230,000 | $473,182 | $9,899 | 3.07% |
| $50k or less | 34 | $5,000,000 | $147,059 | $4,002 | 2.77% |
Member Home Loan lent most frequently to those with incomes in the $100k-150k range, with 132 originations. The second most popular income band? $150k-250k, with 109 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 128 | $33,760,000 | $263,750 | $6,692 | 2.90% |
| 30-36% | 84 | $21,860,000 | $260,238 | $6,839 | 2.96% |
| <20% | 61 | $13,865,000 | $227,295 | $5,415 | 2.81% |
| 44% | 32 | $7,740,000 | $241,875 | $6,890 | 3.21% |
| 43% | 23 | $5,605,000 | $243,696 | $6,649 | 3.10% |
| 40% | 23 | $5,765,000 | $250,652 | $6,706 | 2.91% |
| 39% | 22 | $6,110,000 | $277,727 | $6,953 | 2.94% |
| 41% | 21 | $6,355,000 | $302,619 | $7,327 | 3.23% |
| 38% | 19 | $5,995,000 | $315,526 | $7,832 | 3.14% |
| 42% | 18 | $4,680,000 | $260,000 | $7,014 | 2.99% |
| 37% | 15 | $5,295,000 | $353,000 | $8,518 | 2.87% |
| 36% | 14 | $4,120,000 | $294,286 | $7,651 | 2.92% |
| >60% | 10 | $2,100,000 | $210,000 | $2,778 | 2.46% |
| 48% | 9 | $2,195,000 | $243,889 | $7,790 | 3.36% |
| 46% | 8 | $2,240,000 | $280,000 | $6,998 | 3.17% |
| 47% | 7 | $1,525,000 | $217,857 | $6,494 | 2.75% |
| 49% | 7 | $1,995,000 | $285,000 | $6,678 | 2.79% |
| 45% | 7 | $1,905,000 | $272,143 | $7,179 | 3.43% |
| 50-60% | 5 | $1,795,000 | $359,000 | $9,788 | 3.40% |
Member Home Loan lent most frequently to those with DTI ratios of 20-30%, with 128 originations. The next most common DTI ratio? 30-36%, with 84 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 280 | $67,000,000 | $239,286 | $6,358 | 2.93% |
| Asian | 66 | $25,890,000 | $392,273 | $8,694 | 2.98% |
| Black | 80 | $19,410,000 | $242,625 | $6,363 | 3.00% |
| Not provided | 75 | $18,955,000 | $252,733 | $6,602 | 3.04% |
| American Indian | 8 | $2,110,000 | $263,750 | $7,177 | 2.92% |
| Other Asian | 1 | $775,000 | $775,000 | $12,389 | 3.13% |
| Asian Indian | 1 | $535,000 | $535,000 | $13,551 | 4.25% |
| Filipino | 1 | $135,000 | $135,000 | $5,777 | 3.13% |
| Native Hawaiian | 1 | $95,000 | $95,000 | $3,416 | 2.50% |
Approval Rates
Total approvals of all applications93.04%
Member Home Loan has an average approval rate.
Pick Rate
Approvals leading to origination13.67%
Member Home Loan 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 | 513 | $134,905,000 | $262,973 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 513 | $134,905,000 | $262,973 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 18 | $2,510,000 | $139,444 | $5,247 | 2.45% |
| 40-60% | 85 | $15,815,000 | $186,059 | $5,368 | 2.68% |
| 60-80% | 240 | $65,920,000 | $274,667 | $6,663 | 2.96% |
| 80-100% | 170 | $50,660,000 | $298,000 | $7,653 | 3.18% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| MEMBER FIRST MORTGAGE, LLC | Conventional home mortgage | Closing on a mortgage | 1 | 33.3% |
| MEMBER FIRST MORTGAGE, LLC | Conventional home mortgage | Incorrect information on your report | 1 | 33.3% |
| MEMBER FIRST MORTGAGE, LLC | Conventional home mortgage | Trouble during payment process | 1 | 33.3% |
