Member Home Loan Mortgage Rates, Fees & Info
AUSTIN, TXLEI: 549300P6J0MZZT4UMT05
Tax ID: 36-4569955
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Mortgage Data
Review & Overview
Member Home Loan is a smaller mortgage company specializing in 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 by origination volume include: Houston, Amarillo, Austin, Dallas, and San Antonio among others. We have data for 33 markets. (Some data included below & more in-depth data is available with an active subscription.)Member Home Loan 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. Member Home Loan is typically a high 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 about average 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.23% | 3/30/23 |
| 30 Year Conventional Refi | 6.60% | 3/30/23 |
| 30 Year Cash-out Refi | 6.58% | 3/30/23 |
| 30 Year FHA Purchase | 7.80% | 3/30/23 |
| 30 Year VA Purchase | 6.35% | 3/30/23 |
| 15 Year Conventional Purchase | 5.77% | 3/30/23 |
| 15 Year Conventional Refi | 6.38% | 3/30/23 |
| 15 Year Cash-out Refi | 6.38% | 3/30/23 |
| 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. | ||
Originations
424Origination Dollar Volume (All Markets)
$133,670,000Relative Rate
Member Home Loan's average 30 year fixed mortgage rate was
4.82%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.06%.
Relative Fees (Closing Costs)
Member Home Loan's average total fees/closing costs for a 30 year fixed rate
mortgage were $8,361.
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 $4,750.
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) | 244 | $78,600,000 | $322,131 | $8,370 | 4.66% |
| AMARILLO, TX (FHA|USDA|VA) | 56 | $14,600,000 | $260,714 | $7,367 | 5.13% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 28 | $14,520,000 | $518,571 | $11,504 | 4.54% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 19 | $6,105,000 | $321,316 | $8,495 | 4.36% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 14 | $4,790,000 | $342,143 | $8,871 | 4.61% |
| GOLDSBORO, NC (FHA|USDA|VA) | 16 | $3,290,000 | $205,625 | $4,671 | 4.23% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $1,205,000 | $1,205,000 | $22,525 | 4.25% |
| Huntsville, TX (FHA|USDA|VA) | 2 | $1,090,000 | $545,000 | $6,674 | 5.25% |
| Bay City, TX (FHA|USDA|VA) | 4 | $780,000 | $195,000 | $7,294 | 6.19% |
| Outside of Metro Areas | 5 | $765,000 | $153,000 | $6,337 | 5.40% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $8,686 | 5.88% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $6,687 | 4.29% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $4,993 | 4.25% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 4 | $680,000 | $170,000 | $6,063 | 3.91% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $8,754 | 6.75% |
| Pampa, TX (FHA|USDA|VA) | 4 | $610,000 | $152,500 | $6,129 | 5.13% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $6,983 | 5.19% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $4,122 | 3.50% |
| Kerrville, TX (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $6,707 | 5.00% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $6,485 | 5.25% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $5,442 | 3.38% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $7,364 | 4.75% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,778 | 3.13% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,884 | 6.25% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,848 | 3.25% |
| Borger, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $7,010 | 6.13% |
| Nacogdoches, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,583 | 3.50% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,689 | 3.50% |
| Rockport, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,392 | 5.25% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,972 | 5.38% |
| Brenham, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,290 | 4.50% |
| TYLER, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,726 | 6.75% |
| Brownwood, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $5,376 | 4.00% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 420 | $132,680,000 | $315,905 | $8,119 | 4.71% |
| FHA | 3 | $605,000 | $201,667 | $9,760 | 5.38% |
| VA | 1 | $385,000 | $385,000 | $11,747 | 4.25% |
For 2022, Member Home Loan's most frequently originated type of loan was Conventional, with 420 originations. Their 2nd most popular type was FHA, with 3 originations.
Loan Reason
For 2022, Member Home Loan's most frequently cited loan purpose was Home Purchase, with 301 originations. The 2nd most popular reason was Cash Out Refi, with 89 originations.
Loan Duration/Length
For 2022, Member Home Loan's most frequently cited loan duration was 30 Year, with 354 originations. The 2nd most popular length was 15 Year, with 47 originations.
Origination Fees/Closing Costs
Member Home Loan's average total fees were $8,361, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 120 originations.
Interest Rates
During 2022, Member Home Loan's average interest rate for loans was 4.82%, while their most frequently originated rate bucket for loans was 4-5%, with 165 originations.
Loan Sizing
2022 saw Member Home Loan place emphasis on $200k-400k loans with 187 originations, totaling $55,175,000 in origination value.
Applicant Income
Member Home Loan lent most frequently to those with incomes in the $150k-250k range, with 110 originations. The second most popular income band? $100k-150k, with 108 originations.
Applicant Debt to Income Ratio
Member Home Loan lent most frequently to those with DTI ratios of 30-36%, with 88 originations. The next most common DTI ratio? 20-30%, with 82 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.60%
Member Home Loan has an average approval rate.
Pick Rate
Approvals leading to origination37.50%
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 | 424 | $133,670,000 | $315,259 |