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 Refi and Home Purchase 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 Austin among others. We have data for 14 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. They have a below average pick rate when compared to similar lenders.
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Originations
198Origination Dollar Volume (All Markets)
$43,170,000Top 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) | 99 | $22,625,000 | $228,535 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 31 | $7,365,000 | $237,581 | $0 | 0.00% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 35 | $6,295,000 | $179,857 | $0 | 0.00% |
| Outside of Metro Areas | 10 | $2,000,000 | $200,000 | $0 | 0.00% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 7 | $1,235,000 | $176,429 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 4 | $1,220,000 | $305,000 | $0 | 0.00% |
| Rockport, TX (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $0 | 0.00% |
| WACO, TX (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $0 | 0.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| Beeville, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| Fredericksburg, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Alice, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 198 | $43,170,000 | $218,030 | $0 | 0.00% |
For 2020, Synergy Federal Credit Union's most frequently originated type of loan was Conventional, with 198 originations.
Loan Reason
For 2020, Synergy Federal Credit Union's most frequently cited loan purpose was Refi, with 106 originations. The 2nd most popular reason was Home Purchase, with 40 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 198 | $43,170,000 | $218,030 | $0 | 0.00% |
For 2020, Synergy Federal Credit Union's most frequently cited loan duration was Other, with 198 originations.
Loan Sizing
2020 saw Synergy Federal Credit Union place emphasis on $200k-400k loans with 83 originations, totaling $23,245,000 in origination value.
Applicant Income
Synergy Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 58 originations. The second most popular income band? $100k-150k, with 56 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 198 | $43,170,000 | $218,030 | $0 | 0.00% |
Synergy Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 198 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.55%
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 origination86.87%
Synergy Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 198 | $43,170,000 | $218,030 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 3 | $295,000 | $98,333 |
| Single Family (1-4 Units):Site-Built | 195 | $42,875,000 | $219,872 |
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| SYNERGY ONE LENDING, INC. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 3 | 33.3% |
| SYNERGY ONE LENDING, INC. | Conventional home mortgage | Closing on a mortgage | 1 | 11.1% |
| SYNERGY ONE LENDING, INC. | Conventional home mortgage | Trouble during payment process | 1 | 11.1% |
| SYNERGY ONE LENDING, INC. | FHA mortgage | Closing on a mortgage | 1 | 11.1% |
| SYNERGY ONE LENDING, INC. | Reverse mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 11.1% |
| SYNERGY ONE LENDING, INC. | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 11.1% |
| SYNERGY ONE LENDING, INC. | VA mortgage | Closing on a mortgage | 1 | 11.1% |