Community Resource Credit Union Mortgage Rates, Fees & Info

Baytown, TX

LEI: 549300QWA589VRBWSZ92

Tax ID: 74-1109927

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Mortgage Data

Review & Overview

Community Resource Credit Union is a smaller credit union specializing in Cash Out Refi, Refi, and Home Purchase loans. Community Resource Credit Union has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Houston, Austin, Corpus Christi, Nacogdoches, and Mcallen among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

Community Resource Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

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 6.70% 10/29/24
30 Year Conventional Refi 6.71% 10/29/24
30 Year Cash-out Refi 6.89% 10/29/24
30 Year FHA Purchase 6.27% 10/29/24
15 Year Conventional Purchase 6.55% 10/29/24
15 Year Conventional Refi 6.07% 10/29/24
15 Year Cash-out Refi 6.07% 10/29/24
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.

Community Resource Credit Union Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Community Resource Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

249

Origination Dollar Volume (All Markets)

$41,255,000

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
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 242 $39,540,000 $163,388 $0 0.00%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $505,000 $505,000 $0 0.00%
Outside of Metro Areas 2 $470,000 $235,000 $0 0.00%
CORPUS CHRISTI, TX (FHA|USDA|VA) 2 $310,000 $155,000 $0 0.00%
Nacogdoches, TX (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
Community Resource Credit Union's top markets include Houston, Austin, Corpus Christi, Nacogdoches, and Mcallen among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against COMMUNITY RESOURCE CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    AAXY L.L.C.
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    ASSOCIATED CREDIT UNION OF TEXAS
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 248 $41,180,000 $166,048 $0 0.00%
    USDA 1 $75,000 $75,000 $0 0.00%

    For 2020, Community Resource Credit Union's most frequently originated type of loan was Conventional, with 248 originations. Their 2nd most popular type was USDA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 98 $11,160,000 $113,878 $0 0.00%
    Refi 63 $13,875,000 $220,238 $0 0.00%
    Home Purchase 62 $14,460,000 $233,226 $0 0.00%
    Home Improvement 24 $1,620,000 $67,500 $0 0.00%
    Other 2 $140,000 $70,000 $0 0.00%

    For 2020, Community Resource Credit Union's most frequently cited loan purpose was Cash Out Refi, with 98 originations. The 2nd most popular reason was Refi, with 63 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 249 $41,255,000 $165,683 $0 0.00%

    For 2020, Community Resource Credit Union's most frequently cited loan duration was Other, with 249 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 99 $14,355,000 $145,000 $0 0.00%
    $100,000 or less 86 $6,010,000 $69,884 $0 0.00%
    $200k-400k 51 $14,335,000 $281,078 $0 0.00%
    $400k-600k 12 $5,720,000 $476,667 $0 0.00%
    $600k-1MM 1 $835,000 $835,000 $0 0.00%

    2020 saw Community Resource Credit Union place emphasis on $100k-200k loans with 99 originations, totaling $14,355,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 75 $12,075,000 $161,000 $0 0.00%
    $150k-250k 57 $12,765,000 $223,947 $0 0.00%
    $50k-75k 45 $5,545,000 $123,222 $0 0.00%
    $75k-100k 42 $5,730,000 $136,429 $0 0.00%
    $50k or less 15 $1,415,000 $94,333 $0 0.00%
    $250k+ 12 $3,330,000 $277,500 $0 0.00%

    Community Resource Credit Union lent most frequently to those with incomes in the $100k-150k range, with 75 originations. The second most popular income band? $150k-250k, with 57 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 249 $41,255,000 $165,683 $0 0.00%

    Community Resource Credit Union lent most frequently to those with DTI ratios of Exempt%, with 249 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 225 $36,395,000 $161,756 $0 0.00%
    Black 14 $2,620,000 $187,143 $0 0.00%
    Asian 6 $1,550,000 $258,333 $0 0.00%
    Not applicable 3 $395,000 $131,667 $0 0.00%
    American Indian 1 $295,000 $295,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    81.71%

    Community Resource Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    45.38%

    Community Resource Credit Union 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
    Exempt 249 $41,255,000 $165,683

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 249 $41,255,000 $165,683

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    COMMUNITY BANK SYSTEM, INC. Conventional home mortgage Struggling to pay mortgage 1 33.3%
    COMMUNITY BANK SYSTEM, INC. Conventional home mortgage Trouble during payment process 1 33.3%
    COMMUNITY BANK SYSTEM, INC. Other type of mortgage Closing on a mortgage 1 33.3%