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, Houston, and San Antonio 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 an above 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

    201

    Origination Dollar Volume (All Markets)

    $23,455,000

    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) 179 $20,245,000 $113,101 $0 0.00%
    Outside of Metro Areas 17 $1,875,000 $110,294 $0 0.00%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 4 $890,000 $222,500 $0 0.00%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $445,000 $445,000 $0 0.00%
    Sabine Federal Credit Union's top markets include Beaumont, Houston, and San Antonio among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 201 $23,455,000 $116,692 $0 0.00%

    For 2021, Sabine Federal Credit Union's most frequently originated type of loan was Conventional, with 201 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 184 $21,220,000 $115,326 $0 0.00%
    Home Purchase 10 $1,470,000 $147,000 $0 0.00%
    Home Improvement 7 $765,000 $109,286 $0 0.00%

    For 2021, Sabine Federal Credit Union's most frequently cited loan purpose was Refi, with 184 originations. The 2nd most popular reason was Home Purchase, with 10 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 201 $23,455,000 $116,692 $0 0.00%

    For 2021, Sabine Federal Credit Union's most frequently cited loan duration was Other, with 201 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 111 $6,255,000 $56,351 $0 0.00%
    $100k-200k 57 $8,345,000 $146,404 $0 0.00%
    $200k-400k 31 $7,935,000 $255,968 $0 0.00%
    $400k-600k 2 $920,000 $460,000 $0 0.00%

    2021 saw Sabine Federal Credit Union place emphasis on $100,000 or less loans with 111 originations, totaling $6,255,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 54 $6,820,000 $126,296 $0 0.00%
    $75k-100k 46 $4,920,000 $106,957 $0 0.00%
    $50k-75k 40 $3,710,000 $92,750 $0 0.00%
    $50k or less 27 $1,715,000 $63,519 $0 0.00%
    $150k-250k 25 $4,405,000 $176,200 $0 0.00%
    $250k+ 7 $1,645,000 $235,000 $0 0.00%

    Sabine Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 54 originations. The second most popular income band? $75k-100k, with 46 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 201 $23,455,000 $116,692 $0 0.00%

    Sabine Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 201 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 173 $20,225,000 $116,908 $0 0.00%
    Black 15 $1,605,000 $107,000 $0 0.00%
    Not provided 9 $1,285,000 $142,778 $0 0.00%
    Asian 2 $200,000 $100,000 $0 0.00%
    American Indian 2 $140,000 $70,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    98.23%

    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
    90.05%

    Sabine Federal Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 201 $23,455,000 $116,692

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    201 $23,455,000 $116,692