Efcu Financial Mortgage Rates, Fees & InfoBaton Rouge, LA
Tax ID: 72-0433727
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewEfcu Financial is a smaller credit union specializing in Other and Home Purchase loans. Efcu Financial has a high proportion of conventional loans. Their top markets by origination volume include: Baton Rouge, New Orleans, Shreveport, Picayune, and Lafayette among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)
Efcu Financial 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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Origination Dollar Volume (All Markets)$74,225,000
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|
|BATON ROUGE, LA (FHA|USDA|VA)||566||$68,140,000||$120,389||$0||0.00%|
|NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA)||20||$3,260,000||$163,000||$0||0.00%|
|Outside of Metro Areas||3||$655,000||$218,333||$0||0.00%|
|SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA)||2||$480,000||$240,000||$0||0.00%|
|Picayune, MS (FHA|USDA|VA)||1||$425,000||$425,000||$0||0.00%|
|LAFAYETTE, LA (FHA|USDA|VA)||4||$320,000||$80,000||$0||0.00%|
|HAMMOND, LA (FHA|USDA|VA)||4||$260,000||$65,000||$0||0.00%|
|Fort Polk South, LA (FHA|USDA|VA)||1||$255,000||$255,000||$0||0.00%|
|BIRMINGHAM-HOOVER, AL (FHA|USDA|VA)||1||$125,000||$125,000||$0||0.00%|
|LAKE CHARLES, LA (FHA|USDA|VA)||2||$90,000||$45,000||$0||0.00%|
|MONROE, LA (FHA|USDA|VA)||1||$75,000||$75,000||$0||0.00%|
|Ruston, LA (FHA|USDA|VA)||1||$55,000||$55,000||$0||0.00%|
|Bogalusa, LA (FHA|USDA|VA)||1||$45,000||$45,000||$0||0.00%|
|HOUMA-THIBODAUX, LA (FHA|USDA|VA)||1||$35,000||$35,000||$0||0.00%|
|Morgan City, LA (FHA|USDA|VA)||1||$5,000||$5,000||$0||0.00%|
|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Efcu Financial's most frequently originated type of loan was Conventional, with 609 originations.
|Loan Reason||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
|Cash Out Refi||27||$5,875,000||$217,593||$0||0.00%|
For 2022, Efcu Financial's most frequently cited loan purpose was Other, with 482 originations. The 2nd most popular reason was Home Purchase, with 81 originations.
|Loan Length||Originations||Total Value||Average Loan||Average Fees||Average Rate|
For 2022, Efcu Financial's most frequently cited loan duration was Other, with 609 originations.
2022 saw Efcu Financial place emphasis on $100,000 or less loans with 314 originations, totaling $17,430,000 in origination value.
Efcu Financial lent most frequently to those with incomes in the $100k-150k range, with 185 originations. The second most popular income band? $150k-250k, with 144 originations.
Applicant Debt to Income Ratio
|DTI Ratio||Originations||Total Value||Average Loan||Average Fees||Average Rate|
Efcu Financial lent most frequently to those with DTI ratios of Exempt%, with 609 originations.
Approval RatesTotal approvals of all applications
Efcu Financial has a below average approval rate.
Pick RateApprovals leading to origination
Efcu Financial has an average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|