Houston Federal Credit Union Mortgage Rates, Fees & Info
Sugar Land, TXLEI: 549300V422J2GUSZPZ35
Tax ID: 74-6050685
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Houston Federal Credit Union is a smaller credit union specializing in Home Improvement and Refi loans. Houston Federal Credit Union has a high proportion of conventional loans.Houston Federal Credit Union has a below 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
22Origination Dollar Volume (All Markets)
$1,760,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 22 | $1,760,000 | $80,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Houston Federal Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 291
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Similarity Rank: 900
Similarity Rank: 980
Similarity Rank: 1840
Similarity Rank: 1848
Similarity Rank: 1862
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 22 | $1,760,000 | $80,000 | $0 | 0.00% |
For 2018, Houston Federal Credit Union's most frequently originated type of loan was Conventional, with 22 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Improvement | 12 | $860,000 | $71,667 | $0 | 0.00% |
| Refi | 10 | $900,000 | $90,000 | $0 | 0.00% |
For 2018, Houston Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 12 originations. The 2nd most popular reason was Refi, with 10 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 22 | $1,760,000 | $80,000 | $0 | 0.00% |
For 2018, Houston Federal Credit Union's most frequently cited loan duration was Other, with 22 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 17 | $935,000 | $55,000 | $0 | 0.00% |
| $100k-200k | 3 | $315,000 | $105,000 | $0 | 0.00% |
| $200k-400k | 2 | $510,000 | $255,000 | $0 | 0.00% |
2018 saw Houston Federal Credit Union place emphasis on $100,000 or less loans with 17 originations, totaling $935,000 in origination value.
Applicant Income
Houston Federal Credit Union lent most frequently to those with incomes in the $75k-100k range, with 7 originations. The second most popular income band? $50k or less, with 5 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications49.02%
Houston Federal Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination86.36%
Houston Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 22 | $1,760,000 | $80,000 |