Member Home Loan Mortgage Rates, Fees & Info

AUSTIN, TX

LEI: 549300P6J0MZZT4UMT05

Tax ID: 36-4569955

2.1 stars - out of 5 stars, based on 23 reviews

2021 Data | 2020 Data | 2019 Data | 2018 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

513

Origination Dollar Volume (All Markets)

$134,905,000

Relative 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 applications
93.04%

Member Home Loan has an average approval rate.

Pick Rate

Approvals leading to origination
13.67%

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%