Member Home Loan Mortgage Rates, Fees & Info

AUSTIN, TX

LEI: 549300P6J0MZZT4UMT05

Tax ID: 36-4569955

5 stars - Updated: 11/17/24 - out of 5 stars, based on 15 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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

    Member Home Loan is a smaller mortgage company specializing in Home Purchase loans. Member Home Loan has a high proportion of conventional loans. Their top markets by origination volume include: Houston, Amarillo, Dallas, Austin, and Corpus Christi among others. We have data for 21 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Member Home Loan has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Member Home Loan is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

    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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.23% 11/17/24
    30 Year Conventional Refi 6.60% 11/17/24
    30 Year Cash-out Refi 6.58% 11/17/24
    30 Year FHA Purchase 7.80% 11/17/24
    30 Year VA Purchase 6.35% 11/17/24
    15 Year Conventional Purchase 5.77% 11/17/24
    15 Year Conventional Refi 6.38% 11/17/24
    15 Year Cash-out Refi 6.38% 11/17/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Member Home Loan Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Member Home Loan. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    221

    Origination Dollar Volume (All Markets)

    $56,975,000

    Awards

    MEMBER HOME LOAN 30 Year Conventional Loans silver
    Show all (1) awards

    Relative Rate

    Member Home Loan's average 30 year fixed mortgage rate was 6.58%.

    The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

    This yields a difference of 0.1%.

    Relative Fees (Closing Costs)

    Member Home Loan's average total fees/closing costs for a 30 year fixed rate mortgage were $7,785.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

    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
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 135 $35,985,000 $266,556 $7,288 6.65%
    AMARILLO, TX (FHA|USDA|VA) 30 $6,870,000 $229,000 $6,729 6.80%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 14 $4,030,000 $287,857 $8,200 6.45%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 4 $2,240,000 $560,000 $13,039 6.31%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 9 $2,185,000 $242,778 $7,255 6.28%
    Outside of Metro Areas 5 $965,000 $193,000 $6,597 6.70%
    Bay City, TX (FHA|USDA|VA) 3 $805,000 $268,333 $7,771 7.21%
    Del Rio, TX (FHA|USDA|VA) 2 $470,000 $235,000 $8,235 7.06%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 2 $420,000 $210,000 $7,905 6.31%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 3 $415,000 $138,333 $6,246 6.13%
    Huntsville, TX (FHA|USDA|VA) 2 $370,000 $185,000 $6,528 7.63%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $355,000 $355,000 $8,570 6.13%
    Nacogdoches, TX (FHA|USDA|VA) 2 $300,000 $150,000 $5,296 7.00%
    WACO, TX (FHA|USDA|VA) 1 $285,000 $285,000 $8,215 6.88%
    LAKE CHARLES, LA (FHA|USDA|VA) 1 $275,000 $275,000 $7,354 6.88%
    Jennings, LA (FHA|USDA|VA) 1 $265,000 $265,000 $7,075 5.75%
    MIDLAND, TX (FHA|USDA|VA) 1 $195,000 $195,000 $7,035 7.50%
    Kerrville, TX (FHA|USDA|VA) 1 $165,000 $165,000 $6,255 6.88%
    Pampa, TX (FHA|USDA|VA) 2 $160,000 $80,000 $4,171 7.13%
    Corsicana, TX (FHA|USDA|VA) 1 $115,000 $115,000 $4,476 5.50%
    LAFAYETTE, LA (FHA|USDA|VA) 1 $105,000 $105,000 $5,034 7.25%
    Member Home Loan's top markets include Houston, Amarillo, Dallas, Austin, and Corpus Christi among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against MEMBER HOME LOAN based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    HOMEAMERICAN MORTGAGE CORPORATION
    Similarity Rank: 220
    Access Community Credit Union
    Similarity Rank: 220
    Education Credit Union
    Similarity Rank: 242
    AMOCO
    Similarity Rank: 258
    GIBRALTAR MORTGAGE SERVICES, LLC
    Similarity Rank: 360
    SOUTHERN LENDING SERVICES, LTD.
    Similarity Rank: 432
    TEXAS TECH
    Similarity Rank: 546
    COMMUNITY RESOURCE CREDIT UNION
    Similarity Rank: 714
    SCHLUMBERGER EMPLOYEES CREDIT UNION
    Similarity Rank: 770
    First United Bank
    Similarity Rank: 816

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 221 $56,975,000 $257,805 $7,294 6.65%

    For 2023, Member Home Loan's most frequently originated type of loan was Conventional, with 221 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 156 $44,650,000 $286,218 $8,079 6.51%
    Cash Out Refi 56 $10,050,000 $179,464 $5,056 7.07%
    Refi 9 $2,275,000 $252,778 $7,113 6.58%

    For 2023, Member Home Loan's most frequently cited loan purpose was Home Purchase, with 156 originations. The 2nd most popular reason was Cash Out Refi, with 56 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 192 $52,800,000 $275,000 $7,785 6.58%
    15 Year 13 $2,345,000 $180,385 $5,295 6.50%
    20 Year 12 $1,350,000 $112,500 $3,557 7.60%
    10 Year 4 $480,000 $120,000 $1,697 7.62%

    For 2023, Member Home Loan's most frequently cited loan duration was 30 Year, with 192 originations. The 2nd most popular length was 15 Year, with 13 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 46 $8,070,000 $175,435
    $3k-4k 45 $9,865,000 $219,222
    $4k-5k 42 $12,140,000 $289,048
    $5k+ 40 $20,690,000 $517,250
    $1k-2k 32 $4,590,000 $143,438
    $<1k 16 $1,620,000 $101,250

    Member Home Loan's average total fees were $7,785, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 46 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 106 $28,930,000 $272,925
    5-6% 54 $15,360,000 $284,444
    7-8% 51 $11,215,000 $219,902
    Over 8% 10 $1,470,000 $147,000

    During 2023, Member Home Loan's average interest rate for loans was 6.58%, while their most frequently originated rate bucket for loans was 6-7%, with 106 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 98 $27,490,000 $280,510 $7,936 6.56%
    $100k-200k 73 $11,605,000 $158,973 $5,859 6.68%
    $100,000 or less 22 $1,470,000 $66,818 $2,616 7.24%
    $400k-600k 16 $7,770,000 $485,625 $10,841 6.57%
    $600k-1MM 11 $7,635,000 $694,091 $14,562 6.29%
    $1MM+ 1 $1,005,000 $1,005,000 $14,656 6.00%

    2023 saw Member Home Loan place emphasis on $200k-400k loans with 98 originations, totaling $27,490,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 52 $17,180,000 $330,385 $8,502 6.65%
    $100k-150k 51 $12,165,000 $238,529 $7,111 6.68%
    $50k-75k 38 $6,740,000 $177,368 $5,662 6.58%
    $75k-100k 33 $6,915,000 $209,545 $6,896 6.70%
    $250k+ 31 $12,395,000 $399,839 $9,782 6.57%
    $50k or less 16 $1,580,000 $98,750 $3,894 6.82%

    Member Home Loan lent most frequently to those with incomes in the $150k-250k range, with 52 originations. The second most popular income band? $100k-150k, with 51 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 47 $11,685,000 $248,617 $6,885 6.61%
    20-30% 34 $9,660,000 $284,118 $7,323 6.66%
    44% 18 $3,100,000 $172,222 $5,626 6.85%
    41% 13 $3,475,000 $267,308 $8,093 7.10%
    40% 12 $3,050,000 $254,167 $7,079 6.31%
    45% 11 $2,615,000 $237,727 $7,423 6.64%
    37% 10 $3,130,000 $313,000 $8,288 6.77%
    43% 9 $1,925,000 $213,889 $6,419 6.74%
    49% 9 $2,265,000 $251,667 $7,514 6.49%
    <20% 9 $2,525,000 $280,556 $8,345 6.47%
    38% 8 $2,190,000 $273,750 $8,143 6.55%
    50-60% 8 $2,500,000 $312,500 $7,773 6.61%
    39% 7 $1,955,000 $279,286 $7,280 6.93%
    36% 7 $1,695,000 $242,143 $7,464 6.91%
    46% 5 $1,225,000 $245,000 $7,505 6.20%
    47% 5 $1,545,000 $309,000 $8,377 6.10%
    42% 4 $720,000 $180,000 $7,041 6.59%
    48% 4 $1,410,000 $352,500 $9,059 6.81%
    >60% 1 $305,000 $305,000 $8,234 6.38%

    Member Home Loan lent most frequently to those with DTI ratios of 30-36%, with 47 originations. The next most common DTI ratio? 20-30%, with 34 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 136 $34,300,000 $252,206 $7,134 6.66%
    Black 35 $8,585,000 $245,286 $7,197 6.71%
    Asian 15 $6,475,000 $431,667 $9,874 6.35%
    Not provided 28 $5,980,000 $213,571 $6,994 6.63%
    Asian Indian 3 $1,165,000 $388,333 $9,511 6.45%
    American Indian 2 $220,000 $110,000 $4,726 6.30%
    Other Asian 1 $205,000 $205,000 $7,216 7.25%
    1 $45,000 $45,000 $450 9.49%

    Approval Rates

    Total approvals of all applications
    89.76%

    Member Home Loan has an average approval rate.

    Pick Rate

    Approvals leading to origination
    24.89%

    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 221 $56,975,000 $257,805

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    221 $56,975,000 $257,805

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 12 $1,730,000 $144,167 $4,514 7.08%
    40-60% 27 $4,755,000 $176,111 $5,687 6.65%
    60-80% 62 $17,210,000 $277,581 $7,687 6.62%
    80-100% 114 $32,890,000 $288,509 $8,048 6.56%
    Under 20% 6 $390,000 $65,000 $1,498 7.95%