Synergy Federal Credit Union Mortgage Rates, Fees & Info

San Antonio, TX

LEI: 549300QEVTCM4MW2YI14

Tax ID: 74-2099014

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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, Corpus Christi, Houston, Beaumont, and Beeville among others. We have data for 13 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

150

Origination Dollar Volume (All Markets)

$30,760,000

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
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 63 $16,465,000 $261,349 $0 0.00%
CORPUS CHRISTI, TX (FHA|USDA|VA) 35 $5,025,000 $143,571 $0 0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 20 $3,160,000 $158,000 $0 0.00%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 9 $1,335,000 $148,333 $0 0.00%
Outside of Metro Areas 8 $1,270,000 $158,750 $0 0.00%
Beeville, TX (FHA|USDA|VA) 4 $770,000 $192,500 $0 0.00%
Rockport, TX (FHA|USDA|VA) 2 $670,000 $335,000 $0 0.00%
AMARILLO, TX (FHA|USDA|VA) 1 $545,000 $545,000 $0 0.00%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $540,000 $270,000 $0 0.00%
HAMMOND, LA (FHA|USDA|VA) 1 $385,000 $385,000 $0 0.00%
Kerrville, TX (FHA|USDA|VA) 3 $325,000 $108,333 $0 0.00%
Alice, TX (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
Kingsville, TX (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
Synergy Federal Credit Union's top markets include San Antonio, Corpus Christi, Houston, Beaumont, and Beeville among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Louisiana (FHA|USDA|VA)
  • Nebraska (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 150 $30,760,000 $205,067 $0 0.00%

    For 2021, Synergy Federal Credit Union's most frequently originated type of loan was Conventional, with 150 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 69 $15,605,000 $226,159 $0 0.00%
    Home Purchase 37 $10,365,000 $280,135 $0 0.00%
    Home Improvement 28 $2,300,000 $82,143 $0 0.00%
    Cash Out Refi 14 $2,420,000 $172,857 $0 0.00%
    Other 2 $70,000 $35,000 $0 0.00%

    For 2021, Synergy Federal Credit Union's most frequently cited loan purpose was Refi, with 69 originations. The 2nd most popular reason was Home Purchase, with 37 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 150 $30,760,000 $205,067 $0 0.00%

    For 2021, Synergy Federal Credit Union's most frequently cited loan duration was Other, with 150 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 47 $12,215,000 $259,894 $0 0.00%
    $100k-200k 44 $6,400,000 $145,455 $0 0.00%
    $100,000 or less 41 $2,395,000 $58,415 $0 0.00%
    $400k-600k 15 $6,995,000 $466,333 $0 0.00%
    $1MM+ 2 $2,110,000 $1,055,000 $0 0.00%
    $600k-1MM 1 $645,000 $645,000 $0 0.00%

    2021 saw Synergy Federal Credit Union place emphasis on $200k-400k loans with 47 originations, totaling $12,215,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 56 $11,620,000 $207,500 $0 0.00%
    $100k-150k 52 $8,120,000 $156,154 $0 0.00%
    $250k+ 18 $7,490,000 $416,111 $0 0.00%
    $75k-100k 12 $1,910,000 $159,167 $0 0.00%
    $50k-75k 6 $950,000 $158,333 $0 0.00%
    $50k or less 6 $670,000 $111,667 $0 0.00%

    Synergy Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 56 originations. The second most popular income band? $100k-150k, with 52 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 150 $30,760,000 $205,067 $0 0.00%

    Synergy Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 150 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 109 $24,075,000 $220,872 $0 0.00%
    Not provided 31 $4,985,000 $160,806 $0 0.00%
    Not applicable 6 $790,000 $131,667 $0 0.00%
    Asian 2 $490,000 $245,000 $0 0.00%
    American Indian 1 $385,000 $385,000 $0 0.00%
    Native Hawaiian or Islander 1 $35,000 $35,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.70%

    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 origination
    86.67%

    Synergy Federal Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 150 $30,760,000 $205,067

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    150 $30,760,000 $205,067

    Complaints

    Bank Name Product Issue 2021 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. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%