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 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 by origination volume include: Houston, Dallas, San Antonio, Austin, and Corpus Christi among others. We have data for 26 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% | 4/21/24 |
| 30 Year Conventional Refi | 6.60% | 4/21/24 |
| 30 Year Cash-out Refi | 6.58% | 4/21/24 |
| 30 Year FHA Purchase | 7.80% | 4/21/24 |
| 30 Year VA Purchase | 6.35% | 4/21/24 |
| 15 Year Conventional Purchase | 5.77% | 4/21/24 |
| 15 Year Conventional Refi | 6.38% | 4/21/24 |
| 15 Year Cash-out Refi | 6.38% | 4/21/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
513Origination Dollar Volume (All Markets)
$134,905,000Top 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) | 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% |
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 | 509 | $133,995,000 | $263,251 | $6,694 | 2.97% |
| FHA | 4 | $910,000 | $227,500 | $10,948 | 2.88% |
For 2021, Member Home Loan's most frequently originated type of loan was Conventional, with 509 originations. Their 2nd most popular type was FHA, with 4 originations.
Loan Reason
For 2021, Member Home Loan's most frequently cited loan purpose was Refi, with 208 originations. The 2nd most popular reason was Home Purchase, with 155 originations.
Loan Duration/Length
For 2021, Member Home Loan's most frequently cited loan duration was 30 Year, with 302 originations. The 2nd most popular length was 15 Year, with 146 originations.
Origination Fees/Closing Costs
Member Home Loan's average total fees were $7,485, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 158 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 for loans was 3.19%, while their most frequently originated rate bucket for loans was 2.5-3%, with 191 originations.
Loan Sizing
2021 saw Member Home Loan place emphasis on $200k-400k loans with 212 originations, totaling $59,540,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications93.58%
Member Home Loan has an average approval rate.
Pick Rate
Approvals leading to origination36.06%
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 |
LTV Distribution
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% |