Synergy Federal Credit Union Mortgage Rates, Fees & Info
San Antonio, TXLEI: 549300QEVTCM4MW2YI14
Tax ID: 74-2099014
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Synergy Federal Credit Union is a smaller credit union specializing in Home Improvement and Refi loans. Synergy Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: San Antonio, Houston, Corpus Christi, Beaumont, and Killeen among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Synergy Federal Credit Union has an above average approval rate when compared to the average across all lenders.
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Originations
84Origination Dollar Volume (All Markets)
$7,650,000Top 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 |
|---|---|---|---|---|---|
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 43 | $4,175,000 | $97,093 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 17 | $1,385,000 | $81,471 | $0 | 0.00% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 12 | $1,120,000 | $93,333 | $0 | 0.00% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 7 | $545,000 | $77,857 | $0 | 0.00% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 0.00% |
| Beeville, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $65,000 | $65,000 | $0 | 0.00% |
| Alice, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 84 | $7,650,000 | $91,071 | $0 | 0.00% |
For 2018, Synergy Federal Credit Union's most frequently originated type of loan was Conventional, with 84 originations.
Loan Reason
For 2018, Synergy Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 34 originations. The 2nd most popular reason was Refi, with 32 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 84 | $7,650,000 | $91,071 | $0 | 0.00% |
For 2018, Synergy Federal Credit Union's most frequently cited loan duration was Other, with 84 originations.
Loan Sizing
2018 saw Synergy Federal Credit Union place emphasis on $100,000 or less loans with 62 originations, totaling $3,750,000 in origination value.
Applicant Income
Synergy Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 26 originations. The second most popular income band? $150k-250k, with 22 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 84 | $7,650,000 | $91,071 | $0 | 0.00% |
Synergy Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 84 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 69 | $6,655,000 | $96,449 | $0 | 0.00% |
| Not provided | 14 | $920,000 | $65,714 | $0 | 0.00% |
| Black | 1 | $75,000 | $75,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications100.00%
Synergy Federal Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 84 | $7,650,000 | $91,071 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 84 | $7,650,000 | $91,071 |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| SYNERGY ONE LENDING, INC. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |
| SYNERGY ONE LENDING, INC. | Conventional home mortgage | Closing on a mortgage | 1 | 50.0% |