Members First Credit Union Mortgage Rates, Fees & Info
Corpus Christi, TXLEI: 549300TJ1PI0CYX4D722
Tax ID: 74-1142836
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Mortgage Data
Review & Overview
Members First Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Members First Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Corpus Christi, Alice, and Houston among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)Members First Credit Union has a below 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
48Origination Dollar Volume (All Markets)
$5,450,000Top 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 |
|---|---|---|---|---|---|
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 44 | $5,030,000 | $114,318 | $0 | 3.95% |
| Alice, TX (FHA|USDA|VA) | 3 | $335,000 | $111,667 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 48 | $5,450,000 | $113,542 | $0 | 3.95% |
For 2019, Members First Credit Union's most frequently originated type of loan was Conventional, with 48 originations.
Loan Reason
For 2019, Members First Credit Union's most frequently cited loan purpose was Cash Out Refi, with 28 originations. The 2nd most popular reason was Home Purchase, with 9 originations.
Loan Duration/Length
For 2019, Members First Credit Union's most frequently cited loan duration was Other, with 32 originations. The 2nd most popular length was 15 Year, with 8 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 1 | $55,000 | $55,000 |
During 2019, Members First Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 3-4%, with 1 originations.
Loan Sizing
2019 saw Members First Credit Union place emphasis on $100,000 or less loans with 29 originations, totaling $1,665,000 in origination value.
Applicant Income
Members First Credit Union lent most frequently to those with incomes in the $100k-150k range, with 13 originations. The second most popular income band? $50k or less, with 12 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications65.78%
Members First Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination70.83%
Members First Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 48 | $5,450,000 | $113,542 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 48 | $5,450,000 | $113,542 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| MEMBER FIRST MORTGAGE, LLC | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 100.0% |