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 Home Purchase and Refi 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, Dallas, Austin, San Antonio, and St. Louis among others. We have data for 25 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.23% | 12/16/24 |
| 30 Year Conventional Refi | 6.60% | 12/16/24 |
| 30 Year Cash-out Refi | 6.58% | 12/16/24 |
| 30 Year FHA Purchase | 7.80% | 12/16/24 |
| 30 Year VA Purchase | 6.35% | 12/16/24 |
| 15 Year Conventional Purchase | 5.77% | 12/16/24 |
| 15 Year Conventional Refi | 6.38% | 12/16/24 |
| 15 Year Cash-out Refi | 6.38% | 12/16/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
508Origination Dollar Volume (All Markets)
$123,200,000Awards
MEMBER HOME LOAN - 2019
MEMBER HOME LOAN is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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) | 389 | $100,045,000 | $257,185 | $6,601 | 3.85% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 44 | $9,330,000 | $212,045 | $6,879 | 3.82% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 8 | $2,800,000 | $350,000 | $8,804 | 4.30% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 12 | $2,560,000 | $213,333 | $4,917 | 3.81% |
| Outside of Metro Areas | 8 | $1,490,000 | $186,250 | $6,628 | 3.75% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 10 | $1,440,000 | $144,000 | $4,615 | 4.38% |
| AMARILLO, TX (FHA|USDA|VA) | 7 | $995,000 | $142,143 | $7,588 | 4.03% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 7 | $905,000 | $129,286 | $5,721 | 4.27% |
| Bay City, TX (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $6,783 | 3.73% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $5,536 | 3.88% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $8,516 | 3.75% |
| Kerrville, TX (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $7,505 | 4.50% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $8,736 | 4.63% |
| VICTORIA, TX (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $7,167 | 4.19% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $7,546 | 3.65% |
| Huntsville, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,996 | 3.45% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $7,845 | 3.95% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,103 | 3.75% |
| TYLER, TX (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $1,779 | 2.75% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,778 | 3.63% |
| Beeville, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 4.63% |
| Pampa, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $6,328 | 5.63% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,191 | 3.38% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $4,284 | 4.50% |
| El Campo, TX (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $3,434 | 4.63% |
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 | 474 | $117,010,000 | $246,857 | $6,362 | 3.87% |
| FHA | 34 | $6,190,000 | $182,059 | $9,205 | 3.98% |
For 2019, Member Home Loan's most frequently originated type of loan was Conventional, with 474 originations. Their 2nd most popular type was FHA, with 34 originations.
Loan Reason
For 2019, Member Home Loan's most frequently cited loan purpose was Home Purchase, with 282 originations. The 2nd most popular reason was Cash Out Refi, with 115 originations.
Loan Duration/Length
For 2019, Member Home Loan's most frequently cited loan duration was 30 Year, with 375 originations. The 2nd most popular length was 15 Year, with 90 originations.
Origination Fees/Closing Costs
Member Home Loan's average total fees were $6,843, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 205 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 320 | $79,990,000 | $249,969 |
| 4-5% | 152 | $33,670,000 | $221,513 |
| 2.5-3% | 26 | $6,570,000 | $252,692 |
| 5-6% | 10 | $2,970,000 | $297,000 |
During 2019, Member Home Loan's average interest rate for loans was 3.98%, while their most frequently originated rate bucket for loans was 3-4%, with 320 originations.
Loan Sizing
2019 saw Member Home Loan place emphasis on $100k-200k loans with 207 originations, totaling $31,305,000 in origination value.
Applicant Income
Member Home Loan lent most frequently to those with incomes in the $100k-150k range, with 128 originations. The second most popular income band? $50k-75k, with 101 originations.
Applicant Debt to Income Ratio
Member Home Loan lent most frequently to those with DTI ratios of 20-30%, with 94 originations. The next most common DTI ratio? 30-36%, with 93 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.23%
Member Home Loan has an average approval rate.
Pick Rate
Approvals leading to origination25.39%
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 | 508 | $123,200,000 | $242,520 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 508 | $123,200,000 | $242,520 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| MEMBER FIRST MORTGAGE, LLC | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 100.0% |