Generations Community Federal Credit Union Mortgage Rates, Fees & Info

San Antonio, TX

LEI: 549300UX6CADCIYJ3506

Tax ID: 74-1117333

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

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

    Generations Community Federal Credit Union is a smaller credit union specializing in Cash Out Refi, Refi, and Home Purchase loans. Generations Community Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: San Antonio, Austin, Corpus Christi, Mcallen, and Houston among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Generations Community 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. Generations Community Federal Credit Union is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.23% 5/5/24
    30 Year Conventional Refi 6.22% 5/5/24
    30 Year Cash-out Refi 6.79% 5/5/24
    15 Year Conventional Purchase 5.81% 5/5/24
    15 Year Conventional Refi 5.69% 5/5/24
    15 Year Cash-out Refi 5.69% 5/5/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Generations Community Federal Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Generations Community Federal Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    392

    Origination Dollar Volume (All Markets)

    $69,010,000

    Awards

    Generations Community Federal Credit Union 30 Year Conventional Loans gold Generations Community Federal Credit Union 30 Year Conventional Loans bronze
    Show all (2) awards

    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
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 363 $63,725,000 $175,551 $2,783 3.27%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 5 $1,365,000 $273,000 $3,889 2.77%
    Outside of Metro Areas 5 $1,035,000 $207,000 $3,220 3.58%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 5 $805,000 $161,000 $2,907 3.14%
    MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 2 $400,000 $200,000 $3,628 3.25%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 3 $395,000 $131,667 $2,872 2.79%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $370,000 $185,000 $3,543 2.89%
    LAREDO, TX (FHA|USDA|VA) 3 $295,000 $98,333 $3,156 3.46%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 2 $280,000 $140,000 $3,155 3.18%
    WICHITA, KS (FHA|USDA|VA) 1 $235,000 $235,000 $2,377 2.99%
    BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $105,000 $105,000 $3,274 3.00%
    Generations Community Federal Credit Union's top markets include San Antonio, Austin, Corpus Christi, Mcallen, and Houston among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Generations Community Federal Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    AAXY L.L.C.
    Similarity Rank: 486
    CAPITAL PLUS FINANCIAL, LLC
    Similarity Rank: 666
    Generations Community Federal Credit Union
    Similarity Rank: 704
    LOANFLIGHT LENDING, LLC
    Similarity Rank: 1300
    PRIORITY HOME MORTGAGE, L.P.
    Similarity Rank: 2144
    SMART CHOICE MORTGAGE, A TEXAS LIMITED LIABILITY C
    Similarity Rank: 2164
    Opendoor Home Loans LLC
    Similarity Rank: 2268
    HOME FINANCING UNLIMITED, INC.
    Similarity Rank: 2278
    SOUTHERN LENDING SERVICES, LTD.
    Similarity Rank: 2352
    FIRST CONTINENTAL MORTGAGE, LTD.
    Similarity Rank: 2535

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 386 $68,530,000 $177,539 $2,815 3.21%
    HELOC 6 $480,000 $80,000 n/a 6.66%

    For 2021, Generations Community Federal Credit Union's most frequently originated type of loan was Conventional, with 386 originations. Their 2nd most popular type was HELOC, with 6 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 175 $24,945,000 $142,543 $2,338 3.82%
    Refi 148 $29,000,000 $195,946 $2,850 2.71%
    Home Purchase 62 $14,320,000 $230,968 $3,993 3.03%
    Other 5 $525,000 $105,000 $2,457 2.82%
    Home Improvement 2 $220,000 $110,000 $3,848 2.98%

    For 2021, Generations Community Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 175 originations. The 2nd most popular reason was Refi, with 148 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 175 $33,725,000 $192,714 $3,451 3.05%
    15 Year 143 $15,785,000 $110,385 $2,430 3.33%
    Other 26 $13,560,000 $521,538 $496 3.88%
    20 Year 24 $4,510,000 $187,917 $2,978 2.82%
    10 Year 17 $1,205,000 $70,882 $1,361 4.03%
    5 Year 7 $225,000 $32,143 $263 4.36%

    For 2021, Generations Community Federal Credit Union's most frequently cited loan duration was 30 Year, with 175 originations. The 2nd most popular length was 15 Year, with 143 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 283 $39,925,000 $141,078
    $1k-2k 53 $9,285,000 $175,189
    $2k-3k 15 $2,085,000 $139,000
    $3k-4k 8 $2,190,000 $273,750
    $5k+ 3 $675,000 $225,000
    $4k-5k 1 $195,000 $195,000

    Generations Community Federal Credit Union's average total fees were $3,451, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 283 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 145 $27,935,000 $192,655
    <2.5% 90 $12,870,000 $143,000
    3-4% 83 $22,445,000 $270,422
    4-5% 53 $4,525,000 $85,377
    6-7% 12 $580,000 $48,333
    5-6% 6 $360,000 $60,000
    Over 8% 2 $120,000 $60,000

    During 2021, Generations Community Federal Credit Union's average interest rate for loans was 3.05%, while their most frequently originated rate bucket for loans was 2.5-3%, with 145 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 157 $22,665,000 $144,363 $3,013 3.08%
    $100,000 or less 138 $8,700,000 $63,043 $1,825 3.66%
    $200k-400k 77 $20,955,000 $272,143 $3,695 2.93%
    $400k-600k 14 $6,640,000 $474,286 $6,359 2.89%
    $1MM+ 5 $9,435,000 $1,887,000 $0 3.59%
    $600k-1MM 1 $615,000 $615,000 $0 3.85%

    2021 saw Generations Community Federal Credit Union place emphasis on $100k-200k loans with 157 originations, totaling $22,665,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 64 $13,700,000 $214,063 $3,676 2.99%
    $100k-150k 18 $3,940,000 $218,889 $3,480 3.18%
    $50k-75k 17 $2,055,000 $120,882 $3,319 2.75%
    $75k-100k 9 $1,665,000 $185,000 $3,376 2.62%
    $150k-250k 5 $795,000 $159,000 $4,036 3.26%
    $250k+ 4 $2,040,000 $510,000 $7,619 2.72%

    Generations Community Federal Credit Union lent most frequently to those with incomes in the $50k or less range, with 64 originations. The second most popular income band? $100k-150k, with 18 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 14 $2,590,000 $185,000 $3,912 2.77%
    30-36% 14 $2,540,000 $181,429 $3,806 2.91%
    <20% 6 $1,210,000 $201,667 $3,322 3.33%
    44% 4 $580,000 $145,000 $2,949 2.68%
    42% 4 $650,000 $162,500 $3,175 4.06%
    37% 4 $840,000 $210,000 $3,373 2.93%
    39% 3 $365,000 $121,667 $2,747 3.06%
    36% 3 $405,000 $135,000 $3,671 2.17%
    38% 3 $535,000 $178,333 $3,582 4.06%
    41% 3 $535,000 $178,333 $2,794 2.31%
    43% 3 $575,000 $191,667 $3,207 2.71%
    40% 1 $415,000 $415,000 $3,352 2.75%
    48% 1 $125,000 $125,000 $3,191 2.95%

    Generations Community Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 14 originations. The next most common DTI ratio? 30-36%, with 14 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 288 $43,930,000 $152,535 $2,762 3.28%
    Not applicable 16 $12,830,000 $801,875 $0 3.76%
    Not provided 46 $5,650,000 $122,826 $2,677 3.19%
    Black 14 $2,490,000 $177,857 $3,583 2.91%
    Asian 8 $1,570,000 $196,250 $3,528 2.82%
    American Indian 13 $1,295,000 $99,615 $2,764 3.42%
    Other Asian 3 $585,000 $195,000 $4,390 2.96%
    Asian Indian 3 $575,000 $191,667 $3,232 2.83%
    Native Hawaiian 1 $85,000 $85,000 $1,992 2.49%

    Approval Rates

    Total approvals of all applications
    79.54%

    Generations Community Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    77.30%

    Generations Community Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 392 $69,010,000 $176,046

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    392 $69,010,000 $176,046

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 5 $1,185,000 $237,000 $4,127 2.47%
    40-60% 21 $11,235,000 $535,000 $2,513 3.08%
    60-80% 39 $7,725,000 $198,077 $3,659 3.21%
    80-100% 12 $3,090,000 $257,500 $4,329 2.79%
    Over 100% 1 $1,185,000 $1,185,000 $0 3.45%
    Under 20% 2 $60,000 $30,000 $0 5.10%