Dugood Federal Credit Union Mortgage Rates, Fees & Info

Beaumont, TX

LEI: 549300TVVKZJG3FJDS34

Tax ID: 74-1470665

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Mortgage Data

Review & Overview

Dugood Federal Credit Union is a smaller credit union specializing in Refi and Home Purchase loans. Dugood Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Beaumont, Austin, Houston, Dallas, and College Station among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

Dugood Federal 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.

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Originations

162

Origination Dollar Volume (All Markets)

$21,710,000

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) 136 $17,900,000 $131,618 $0 0.00%
Outside of Metro Areas 17 $2,365,000 $139,118 $0 0.00%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 3 $705,000 $235,000 $0 0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 4 $540,000 $135,000 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
Dugood Federal Credit Union's top markets include Beaumont, Austin, Houston, Dallas, and College Station among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 162 $21,710,000 $134,012 $0 0.00%

    For 2019, Dugood Federal Credit Union's most frequently originated type of loan was Conventional, with 162 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 76 $9,210,000 $121,184 $0 0.00%
    Home Purchase 51 $9,525,000 $186,765 $0 0.00%
    Home Improvement 20 $1,130,000 $56,500 $0 0.00%
    Other 15 $1,845,000 $123,000 $0 0.00%

    For 2019, Dugood Federal Credit Union's most frequently cited loan purpose was Refi, with 76 originations. The 2nd most popular reason was Home Purchase, with 51 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 162 $21,710,000 $134,012 $0 0.00%

    For 2019, Dugood Federal Credit Union's most frequently cited loan duration was Other, with 162 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 67 $3,775,000 $56,343 $0 0.00%
    $100k-200k 67 $9,605,000 $143,358 $0 0.00%
    $200k-400k 25 $6,315,000 $252,600 $0 0.00%
    $600k-1MM 3 $2,015,000 $671,667 $0 0.00%

    2019 saw Dugood Federal Credit Union place emphasis on $100,000 or less loans with 67 originations, totaling $3,775,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 44 $6,130,000 $139,318 $0 0.00%
    $150k-250k 31 $5,555,000 $179,194 $0 0.00%
    $50k-75k 27 $3,225,000 $119,444 $0 0.00%
    $50k or less 25 $1,615,000 $64,600 $0 0.00%
    $75k-100k 19 $2,175,000 $114,474 $0 0.00%
    $250k+ 3 $1,155,000 $385,000 $0 0.00%

    Dugood Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 44 originations. The second most popular income band? $150k-250k, with 31 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 162 $21,710,000 $134,012 $0 0.00%

    Dugood Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 162 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not provided 69 $10,095,000 $146,304 $0 0.00%
    White 75 $9,355,000 $124,733 $0 0.00%
    Not applicable 11 $1,635,000 $148,636 $0 0.00%
    Black 6 $440,000 $73,333 $0 0.00%
    Asian 1 $185,000 $185,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    85.16%

    Dugood Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    65.43%

    Dugood Federal 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 162 $21,710,000 $134,012

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $615,000 $615,000
    Single Family (1-4 Units):Site-Built 161 $21,095,000 $131,025