Efcu Financial Mortgage Rates, Fees & Info
Baton Rouge, LALEI: 549300U18MOAH5F95P15
Tax ID: 72-0433727
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Efcu 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.
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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
609Origination Dollar Volume (All Markets)
$74,225,000Top 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 |
|---|---|---|---|---|---|
| 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% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 609 | $74,225,000 | $121,880 | $0 | 0.00% |
For 2022, Efcu Financial's most frequently originated type of loan was Conventional, with 609 originations.
Loan Reason
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 Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 609 | $74,225,000 | $121,880 | $0 | 0.00% |
For 2022, Efcu Financial's most frequently cited loan duration was Other, with 609 originations.
Loan Sizing
2022 saw Efcu Financial place emphasis on $100,000 or less loans with 314 originations, totaling $17,430,000 in origination value.
Applicant Income
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 |
|---|---|---|---|---|---|
| Exempt% | 609 | $74,225,000 | $121,880 | $0 | 0.00% |
Efcu Financial lent most frequently to those with DTI ratios of Exempt%, with 609 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications83.00%
Efcu Financial has a below average approval rate.
Pick Rate
Approvals leading to origination89.98%
Efcu Financial has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 609 | $74,225,000 | $121,880 |