Sabine Federal Credit Union Mortgage Rates, Fees & Info

Orange, TX

LEI: 549300TMS3AOKJGVNU61

Tax ID: 74-1110043

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Sabine Federal Credit Union is a smaller credit union specializing in Refi loans. Sabine Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Beaumont, Nacogdoches, and Houston among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Sabine 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.

    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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    Originations

    164

    Origination Dollar Volume (All Markets)

    $17,290,000

    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
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 150 $15,870,000 $105,800 $0 0.00%
    Outside of Metro Areas 11 $1,185,000 $107,727 $0 0.00%
    Nacogdoches, TX (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $50,000 $25,000 $0 0.00%
    Sabine Federal Credit Union's top markets include Beaumont, Nacogdoches, and Houston among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 164 $17,290,000 $105,427 $0 0.00%

    For 2020, Sabine Federal Credit Union's most frequently originated type of loan was Conventional, with 164 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 131 $14,215,000 $108,511 $0 0.00%
    Home Improvement 14 $990,000 $70,714 $0 0.00%
    Home Purchase 12 $1,410,000 $117,500 $0 0.00%
    Other 7 $675,000 $96,429 $0 0.00%

    For 2020, Sabine Federal Credit Union's most frequently cited loan purpose was Refi, with 131 originations. The 2nd most popular reason was Home Improvement, with 14 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 164 $17,290,000 $105,427 $0 0.00%

    For 2020, Sabine Federal Credit Union's most frequently cited loan duration was Other, with 164 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 92 $4,610,000 $50,109 $0 0.00%
    $100k-200k 53 $7,695,000 $145,189 $0 0.00%
    $200k-400k 18 $4,580,000 $254,444 $0 0.00%
    $400k-600k 1 $405,000 $405,000 $0 0.00%

    2020 saw Sabine Federal Credit Union place emphasis on $100,000 or less loans with 92 originations, totaling $4,610,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 51 $7,265,000 $142,451 $0 0.00%
    $75k-100k 33 $3,565,000 $108,030 $0 0.00%
    $50k-75k 30 $2,180,000 $72,667 $0 0.00%
    $50k or less 25 $1,225,000 $49,000 $0 0.00%
    $150k-250k 23 $2,795,000 $121,522 $0 0.00%
    $250k+ 1 $185,000 $185,000 $0 0.00%

    Sabine Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 51 originations. The second most popular income band? $75k-100k, with 33 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 164 $17,290,000 $105,427 $0 0.00%

    Sabine Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 164 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 147 $16,095,000 $109,490 $0 0.00%
    Black 11 $645,000 $58,636 $0 0.00%
    Not provided 6 $550,000 $91,667 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.31%

    Sabine 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
    88.41%

    Sabine Federal Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 164 $17,290,000 $105,427

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 164 $17,290,000 $105,427