Community Resource Credit Union Mortgage Rates, Fees & Info

Baytown, TX

LEI: 549300QWA589VRBWSZ92

Tax ID: 74-1109927

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Community Resource Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Community Resource Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Houston, Beaumont, Stephenville, San Angelo, and San Antonio 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. Community Resource Credit Union is typically a low 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.70% 11/22/24
    30 Year Conventional Refi 6.71% 11/22/24
    30 Year Cash-out Refi 6.89% 11/22/24
    30 Year FHA Purchase 6.27% 11/22/24
    15 Year Conventional Purchase 6.55% 11/22/24
    15 Year Conventional Refi 6.07% 11/22/24
    15 Year Cash-out Refi 6.07% 11/22/24
    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

    352

    Origination Dollar Volume (All Markets)

    $57,540,000

    Awards

    COMMUNITY RESOURCE CREDIT UNION 30 Year Conventional Loans gold COMMUNITY RESOURCE CREDIT UNION 30 Year Conventional Loans silver
    Show all (2) awards

    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) 342 $55,470,000 $162,193 $2,055 5.00%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 5 $975,000 $195,000 $2,442 4.53%
    Outside of Metro Areas 2 $770,000 $385,000 $6,920 3.44%
    Stephenville, TX (FHA|USDA|VA) 1 $145,000 $145,000 $2,378 3.25%
    SAN ANGELO, TX (FHA|USDA|VA) 1 $125,000 $125,000 $584 5.63%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $55,000 $55,000 $1,467 3.00%
    Community Resource Credit Union's top markets include Houston, Beaumont, Stephenville, San Angelo, and San Antonio 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.

    PRIMEWAY
    Similarity Rank: 249
    AMOCO
    Similarity Rank: 510
    A+ Federal Credit Union
    Similarity Rank: 858
    FIRST CONTINENTAL MORTGAGE, LTD.
    Similarity Rank: 860
    TEXAS BAY
    Similarity Rank: 957
    CAPITAL PLUS FINANCIAL, LLC
    Similarity Rank: 1032
    COMMUNITY RESOURCE CREDIT UNION
    Similarity Rank: 1074
    AAXY L.L.C.
    Similarity Rank: 1344
    PRIORITY HOME MORTGAGE, L.P.
    Similarity Rank: 1482
    JSC
    Similarity Rank: 1924

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 352 $57,540,000 $163,466 $2,080 4.98%

    For 2022, Community Resource Credit Union's most frequently originated type of loan was Conventional, with 352 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 216 $28,980,000 $134,167 $1,512 5.17%
    Home Purchase 70 $15,760,000 $225,143 $3,736 4.84%
    Refi 56 $11,130,000 $198,750 $1,922 4.23%
    Home Improvement 8 $830,000 $103,750 $1,743 5.61%
    Other 2 $840,000 $420,000 $10,774 7.00%

    For 2022, Community Resource Credit Union's most frequently cited loan purpose was Cash Out Refi, with 216 originations. The 2nd most popular reason was Home Purchase, with 70 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 139 $15,325,000 $110,252 $1,477 5.03%
    30 Year 128 $31,710,000 $247,734 $3,022 4.92%
    20 Year 47 $6,835,000 $145,426 $1,976 5.46%
    10 Year 28 $2,290,000 $81,786 $1,096 4.26%
    Other 6 $1,080,000 $180,000 $1,878 5.35%
    5 Year 4 $300,000 $75,000 $1,042 3.66%

    For 2022, Community Resource Credit Union's most frequently cited loan duration was 15 Year, with 139 originations. The 2nd most popular length was 30 Year, with 128 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 180 $25,000,000 $138,889
    $1k-2k 6 $700,000 $116,667
    $4k-5k 4 $1,010,000 $252,500
    $5k+ 3 $1,265,000 $421,667
    $2k-3k 2 $780,000 $390,000
    $3k-4k 2 $720,000 $360,000

    Community Resource Credit Union's average total fees were $3,022, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 180 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 89 $13,545,000 $152,191
    3-4% 85 $16,755,000 $197,118
    4-5% 67 $12,425,000 $185,448
    6-7% 36 $6,150,000 $170,833
    7-8% 35 $4,255,000 $121,571
    2.5-3% 23 $2,755,000 $119,783
    <2.5% 9 $955,000 $106,111
    Over 8% 8 $700,000 $87,500

    During 2022, Community Resource Credit Union's average interest rate for loans was 4.92%, while their most frequently originated rate bucket for loans was 5-6%, with 89 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 121 $7,925,000 $65,496 $1,404 5.34%
    $100k-200k 121 $17,135,000 $141,612 $1,715 4.73%
    $200k-400k 94 $25,080,000 $266,809 $2,781 4.82%
    $400k-600k 16 $7,400,000 $462,500 $5,927 4.95%

    2022 saw Community Resource Credit Union place emphasis on $100,000 or less loans with 121 originations, totaling $7,925,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 105 $20,195,000 $192,333 $2,494 4.97%
    $50k-75k 76 $10,060,000 $132,368 $1,884 4.63%
    $75k-100k 64 $9,720,000 $151,875 $1,902 4.91%
    $150k-250k 63 $11,915,000 $189,127 $1,986 5.50%
    $50k or less 31 $2,445,000 $78,871 $1,439 4.84%
    $250k+ 13 $3,205,000 $246,538 $2,938 5.17%

    Community Resource Credit Union lent most frequently to those with incomes in the $100k-150k range, with 105 originations. The second most popular income band? $50k-75k, with 76 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 76 $13,010,000 $171,184 $2,201 5.01%
    20-30% 74 $11,080,000 $149,730 $1,786 4.71%
    <20% 25 $2,635,000 $105,400 $1,753 5.11%
    37% 21 $2,985,000 $142,143 $2,094 5.08%
    43% 16 $3,160,000 $197,500 $3,031 4.91%
    42% 15 $1,845,000 $123,000 $1,391 5.24%
    41% 15 $1,735,000 $115,667 $2,148 5.97%
    46% 15 $2,335,000 $155,667 $2,065 4.25%
    36% 14 $2,290,000 $163,571 $1,692 4.04%
    40% 14 $2,420,000 $172,857 $2,027 4.93%
    39% 13 $2,805,000 $215,769 $2,629 5.22%
    44% 13 $2,825,000 $217,308 $3,531 5.86%
    38% 11 $2,375,000 $215,909 $1,782 5.28%
    45% 10 $2,010,000 $201,000 $2,138 5.21%
    47% 5 $695,000 $139,000 $1,937 3.75%
    48% 4 $1,210,000 $302,500 $2,347 5.09%
    >60% 3 $945,000 $315,000 $2,335 4.17%
    50-60% 3 $275,000 $91,667 $1,437 6.46%
    49% 2 $200,000 $100,000 $1,399 5.25%

    Community Resource Credit Union lent most frequently to those with DTI ratios of 30-36%, with 76 originations. The next most common DTI ratio? 20-30%, with 74 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 313 $50,995,000 $162,923 $2,061 4.91%
    Black 32 $5,600,000 $175,000 $2,414 5.34%
    American Indian 3 $545,000 $181,667 $1,471 5.17%
    Native Hawaiian or Islander 2 $270,000 $135,000 $2,259 6.31%
    Asian 2 $130,000 $65,000 $1,061 7.13%

    Approval Rates

    Total approvals of all applications
    82.24%

    Community Resource Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    67.05%

    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
    NA 352 $57,540,000 $163,466

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    352 $57,540,000 $163,466

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 58 $4,690,000 $80,862 $1,454 5.07%
    40-60% 74 $10,870,000 $146,892 $1,767 4.75%
    60-80% 113 $25,905,000 $229,248 $2,465 4.69%
    80-100% 59 $13,205,000 $223,814 $2,999 4.81%
    Under 20% 48 $2,870,000 $59,792 $1,253 6.09%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    Community Loan Servicing, LLC (formerly known as Bayview Loan Servicing, LLC) FHA mortgage Struggling to pay mortgage 2 66.7%
    Community Loan Servicing, LLC (formerly known as Bayview Loan Servicing, LLC) Other type of mortgage Trouble during payment process 1 33.3%