Member Home Loan Mortgage Rates, Fees & Info

AUSTIN, TX

LEI: 549300P6J0MZZT4UMT05

Tax ID: 36-4569955

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Mortgage Data

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. They have an average proportion of FHA loans. Their top markets by origination volume include: Houston, Beaumont, Dallas, Tyler, and Bay City among others. We have data for 7 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 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.

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% 3/24/24
30 Year Conventional Refi 6.60% 3/24/24
30 Year Cash-out Refi 6.58% 3/24/24
30 Year FHA Purchase 7.80% 3/24/24
30 Year VA Purchase 6.35% 3/24/24
15 Year Conventional Purchase 5.77% 3/24/24
15 Year Conventional Refi 6.38% 3/24/24
15 Year Cash-out Refi 6.38% 3/24/24
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

34

Origination Dollar Volume (All Markets)

$7,100,000

Awards

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

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) 25 $5,865,000 $234,600 $7,252 4.45%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 3 $445,000 $148,333 $7,309 4.33%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $210,000 $105,000 $4,997 3.69%
TYLER, TX (FHA|USDA|VA) 1 $175,000 $175,000 $5,447 4.25%
Bay City, TX (FHA|USDA|VA) 1 $165,000 $165,000 $6,407 4.75%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $125,000 $125,000 $4,761 3.38%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $115,000 $115,000 $4,151 3.63%
Member Home Loan's top markets include Houston, Beaumont, Dallas, Tyler, and Bay City among others.

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

    SOUTHERN LENDING SERVICES, LTD.
    Similarity Rank: 86
    NEIGHBORHOOD
    Similarity Rank: 200
    CORNERSTONE MORTGAGE PROVIDERS
    Similarity Rank: 291
    TEXANS
    Similarity Rank: 416
    Priority Bank
    Similarity Rank: 456
    ADVISA MORTGAGE SERVICES, LTD.
    Similarity Rank: 678
    JSC
    Similarity Rank: 900
    TEXAS BAY
    Similarity Rank: 980
    First Commercial Bank
    Similarity Rank: 1122

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 29 $6,105,000 $210,517 $6,398 4.36%
    FHA 5 $995,000 $199,000 $9,689 4.23%

    For 2018, Member Home Loan's most frequently originated type of loan was Conventional, with 29 originations. Their 2nd most popular type was FHA, with 5 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 22 $5,170,000 $235,000 $7,600 4.45%
    Cash Out Refi 7 $1,165,000 $166,429 $5,745 4.34%
    Refi 5 $765,000 $153,000 $5,316 3.85%

    For 2018, Member Home Loan's most frequently cited loan purpose was Home Purchase, with 22 originations. The 2nd most popular reason was Cash Out Refi, with 7 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 23 $5,455,000 $237,174 $7,599 4.48%
    15 Year 6 $1,060,000 $176,667 $5,736 3.83%
    20 Year 3 $345,000 $115,000 $5,222 4.75%
    10 Year 2 $240,000 $120,000 $4,563 3.69%

    For 2018, Member Home Loan's most frequently cited loan duration was 30 Year, with 23 originations. The 2nd most popular length was 15 Year, with 6 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 17 $1,975,000 $116,176
    $3k-4k 10 $2,290,000 $229,000
    $5k+ 4 $2,040,000 $510,000
    $4k-5k 3 $795,000 $265,000

    Member Home Loan's average total fees were $7,599, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 17 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 19 $3,945,000 $207,632
    3-4% 11 $2,495,000 $226,818
    5-6% 4 $660,000 $165,000

    During 2018, Member Home Loan's average interest rate for loans was 4.48%, while their most frequently originated rate bucket for loans was 4-5%, with 19 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 16 $2,260,000 $141,250 $5,672 4.29%
    $200k-400k 7 $1,795,000 $256,429 $8,848 4.54%
    $100,000 or less 6 $550,000 $91,667 $4,586 4.46%
    $400k-600k 4 $1,790,000 $447,500 $9,768 4.06%
    $600k-1MM 1 $705,000 $705,000 $14,721 4.25%

    2018 saw Member Home Loan place emphasis on $100k-200k loans with 16 originations, totaling $2,260,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 11 $1,705,000 $155,000 $6,019 4.44%
    $75k-100k 7 $1,015,000 $145,000 $5,769 4.50%
    $100k-150k 6 $1,090,000 $181,667 $7,400 3.98%
    $150k-250k 4 $930,000 $232,500 $6,917 4.59%
    $250k+ 4 $2,070,000 $517,500 $11,155 4.12%
    $50k or less 2 $290,000 $145,000 $5,360 4.25%

    Member Home Loan lent most frequently to those with incomes in the $50k-75k range, with 11 originations. The second most popular income band? $75k-100k, with 7 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 20 $3,000,000 $150,000 $5,820 4.31%
    Black 5 $1,645,000 $329,000 $8,094 4.25%
    Asian 5 $1,555,000 $311,000 $9,374 4.55%
    Not provided 4 $900,000 $225,000 $7,564 4.34%

    Approval Rates

    Total approvals of all applications
    86.27%

    Member Home Loan has an average approval rate.

    Pick Rate

    Approvals leading to origination
    70.59%

    Member Home Loan has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 34 $7,100,000 $208,824

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 34 $7,100,000 $208,824

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    MEMBER FIRST MORTGAGE, LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%