Houston Federal Credit Union Mortgage Rates, Fees & Info

Sugar Land, TX

LEI: 549300V422J2GUSZPZ35

Tax ID: 74-6050685

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

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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

    Houston Federal Credit Union is a smaller credit union specializing in Other and Home Purchase loans. Houston Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Houston, Greenville, El Campo, Dallas, and San Antonio among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Houston 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. Houston 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.

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    Originations

    261

    Origination Dollar Volume (All Markets)

    $37,675,000

    Awards

    Houston Federal Credit Union 30 Year Conventional Loans bronze
    Show all (1) 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
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 231 $33,425,000 $144,697 $519 4.38%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 16 $2,430,000 $151,875 $49 4.20%
    El Campo, TX (FHA|USDA|VA) 5 $495,000 $99,000 $0 4.28%
    Outside of Metro Areas 2 $360,000 $180,000 $0 3.95%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $350,000 $175,000 $0 3.75%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $280,000 $140,000 $0 3.13%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $155,000 $155,000 $0 3.63%
    MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $145,000 $145,000 $4,292 3.75%
    SPARTANBURG, SC (FHA|USDA|VA) 1 $35,000 $35,000 $350 6.90%
    Houston Federal Credit Union's top markets include Houston, Greenville, El Campo, Dallas, and San Antonio among others.

    Their top states include:
  • Texas (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)

    • 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.

    AAXY L.L.C.
    Similarity Rank: 368
    MEMBERS CHOICE Credit Union
    Similarity Rank: 549
    Resource One Credit Union
    Similarity Rank: 582
    SMART FINANCIAL CREDIT UNION
    Similarity Rank: 707
    HIGHLAND HOMELOANS, LLC
    Similarity Rank: 750
    TEXAS BAY
    Similarity Rank: 888
    CAPITAL PLUS FINANCIAL, LLC
    Similarity Rank: 894
    AMERANT BANK, NATIONAL ASSOCIATION
    Similarity Rank: 1060
    JSC
    Similarity Rank: 1296
    ADVISA MORTGAGE SERVICES, LTD.
    Similarity Rank: 1475

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 261 $37,675,000 $144,349 $480 4.35%

    For 2019, Houston Federal Credit Union's most frequently originated type of loan was Conventional, with 261 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 78 $10,400,000 $133,333 $258 4.44%
    Home Purchase 62 $14,080,000 $227,097 $1,298 3.87%
    Cash Out Refi 58 $7,200,000 $124,138 $218 4.41%
    Home Improvement 46 $3,170,000 $68,913 $10 5.02%
    Refi 17 $2,825,000 $166,176 $675 3.68%

    For 2019, Houston Federal Credit Union's most frequently cited loan purpose was Other, with 78 originations. The 2nd most popular reason was Home Purchase, with 62 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 69 $16,565,000 $240,072 $1,028 3.86%
    15 Year 64 $8,870,000 $138,594 $388 4.11%
    10 Year 60 $4,920,000 $82,000 $154 4.62%
    20 Year 49 $6,485,000 $132,347 $412 4.82%
    5 Year 19 $835,000 $43,947 $0 4.86%

    For 2019, Houston Federal Credit Union's most frequently cited loan duration was 30 Year, with 69 originations. The 2nd most popular length was 15 Year, with 64 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 236 $31,700,000 $134,322
    $1k-2k 25 $5,975,000 $239,000

    Houston Federal Credit Union's average total fees were $1,028, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 236 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 93 $18,185,000 $195,538
    4-5% 72 $9,220,000 $128,056
    5-6% 48 $3,860,000 $80,417
    2.5-3% 28 $5,120,000 $182,857
    6-7% 10 $590,000 $59,000
    7-8% 6 $320,000 $53,333
    Over 8% 2 $160,000 $80,000
    <2.5% 2 $220,000 $110,000

    During 2019, Houston Federal Credit Union's average interest rate for loans was 3.86%, while their most frequently originated rate bucket for loans was 3-4%, with 93 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 118 $7,080,000 $60,000 $46 4.99%
    $100k-200k 78 $11,320,000 $145,128 $599 3.83%
    $200k-400k 57 $15,215,000 $266,930 $992 3.81%
    $400k-600k 7 $3,285,000 $469,286 $2,367 3.82%
    $600k-1MM 1 $775,000 $775,000 $0 3.50%

    2019 saw Houston Federal Credit Union place emphasis on $100,000 or less loans with 118 originations, totaling $7,080,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 74 $12,060,000 $162,973 $463 4.15%
    $75k-100k 53 $7,145,000 $134,811 $444 4.23%
    $50k-75k 48 $5,250,000 $109,375 $461 4.38%
    $150k-250k 44 $8,040,000 $182,727 $632 4.47%
    $50k or less 31 $2,355,000 $75,968 $364 4.72%
    $250k+ 11 $2,825,000 $256,818 $567 4.56%

    Houston Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 74 originations. The second most popular income band? $75k-100k, with 53 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 77 $10,375,000 $134,740 $404 4.51%
    30-36% 53 $8,975,000 $169,340 $655 4.27%
    <20% 43 $4,035,000 $93,837 $95 4.44%
    42% 11 $1,415,000 $128,636 $1,277 4.97%
    37% 8 $1,230,000 $153,750 $828 4.02%
    38% 8 $1,660,000 $207,500 $835 3.85%
    36% 8 $1,240,000 $155,000 $1,104 4.26%
    44% 8 $1,200,000 $150,000 $588 4.15%
    41% 7 $885,000 $126,429 $0 3.90%
    40% 7 $785,000 $112,143 $477 4.04%
    46% 6 $1,180,000 $196,667 $984 4.51%
    43% 6 $950,000 $158,333 $340 3.82%
    45% 5 $1,485,000 $297,000 $0 3.23%
    47% 4 $370,000 $92,500 $0 4.92%
    39% 3 $575,000 $191,667 $1,068 4.47%
    50-60% 3 $365,000 $121,667 $0 4.43%
    49% 2 $580,000 $290,000 $0 4.00%
    >60% 1 $65,000 $65,000 $0 4.65%

    Houston Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 77 originations. The next most common DTI ratio? 30-36%, with 53 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 185 $26,355,000 $142,459 $474 4.36%
    Black 35 $5,405,000 $154,429 $665 4.57%
    Asian 20 $2,990,000 $149,500 $213 3.79%
    Not provided 19 $2,265,000 $119,211 $243 4.55%
    Asian Indian 1 $435,000 $435,000 $5,427 4.50%
    Vietnamese 1 $225,000 $225,000 $0 3.00%

    Approval Rates

    Total approvals of all applications
    73.62%

    Houston Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    68.97%

    Houston 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
    NA 261 $37,675,000 $144,349

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 261 $37,675,000 $144,349

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 44 $3,340,000 $75,909 $6 4.84%
    40-60% 54 $5,660,000 $104,815 $253 4.41%
    60-80% 70 $13,490,000 $192,714 $598 3.95%
    80-100% 58 $13,910,000 $239,828 $1,175 3.80%
    Under 20% 35 $1,275,000 $36,429 $37 5.34%