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
  • Complaints
  • 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 Refi loans. Houston Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Houston, Greenville, Dallas, San Antonio, and Spartanburg among others. We have data for 11 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.

    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

    424

    Origination Dollar Volume (All Markets)

    $77,170,000

    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) 370 $66,060,000 $178,541 $104 3.23%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 35 $6,445,000 $184,143 $0 3.01%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 6 $1,940,000 $323,333 $0 2.96%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 3 $845,000 $281,667 $0 2.83%
    SPARTANBURG, SC (FHA|USDA|VA) 4 $490,000 $122,500 $0 2.53%
    Huntsville, TX (FHA|USDA|VA) 1 $415,000 $415,000 $0 2.38%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $295,000 $295,000 $0 3.25%
    TYLER, TX (FHA|USDA|VA) 1 $285,000 $285,000 $0 3.38%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $285,000 $285,000 $0 2.38%
    LUBBOCK, TX (FHA|USDA|VA) 1 $75,000 $75,000 $0 3.75%
    El Campo, TX (FHA|USDA|VA) 1 $35,000 $35,000 $0 4.75%
    Houston Federal Credit Union's top markets include Houston, Greenville, Dallas, San Antonio, and Spartanburg 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: 522
    SMART CHOICE MORTGAGE, A TEXAS LIMITED LIABILITY C
    Similarity Rank: 1140
    U S WIDE FINANCIAL LLC
    Similarity Rank: 1140
    WESTSTAR MORTGAGE CORPORATION
    Similarity Rank: 1265
    CADENCE LENDING GROUP, INC.
    Similarity Rank: 1480
    CAPITAL PLUS FINANCIAL, LLC
    Similarity Rank: 1508
    ADVISA MORTGAGE SERVICES, LTD.
    Similarity Rank: 1524
    MEMBERS CHOICE Credit Union
    Similarity Rank: 1824
    Shea Mortgage Inc.
    Similarity Rank: 1848
    ASSOCIATED CREDIT UNION OF TEXAS
    Similarity Rank: 1895

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 424 $77,170,000 $182,005 $90 3.20%

    For 2020, Houston Federal Credit Union's most frequently originated type of loan was Conventional, with 424 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 121 $21,495,000 $177,645 $63 3.37%
    Refi 119 $28,155,000 $236,597 $74 2.57%
    Home Purchase 66 $14,170,000 $214,697 $153 3.20%
    Home Improvement 59 $3,365,000 $57,034 $57 4.07%
    Cash Out Refi 59 $9,985,000 $169,237 $145 3.26%

    For 2020, Houston Federal Credit Union's most frequently cited loan purpose was Other, with 121 originations. The 2nd most popular reason was Refi, with 119 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 123 $21,245,000 $172,724 $61 3.02%
    30 Year 122 $29,970,000 $245,656 $187 3.19%
    20 Year 83 $17,285,000 $208,253 $97 3.13%
    10 Year 65 $7,325,000 $112,692 $0 3.30%
    5 Year 31 $1,345,000 $43,387 $0 3.98%

    For 2020, Houston Federal Credit Union's most frequently cited loan duration was 15 Year, with 123 originations. The 2nd most popular length was 30 Year, with 122 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 416 $75,130,000 $180,601
    $1k-2k 8 $2,040,000 $255,000

    Houston Federal Credit Union's average total fees were $187, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 416 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 143 $22,105,000 $154,580
    2.5-3% 113 $26,055,000 $230,575
    <2.5% 108 $25,550,000 $236,574
    4-5% 52 $3,080,000 $59,231
    5-6% 4 $250,000 $62,500
    6-7% 2 $50,000 $25,000
    Over 8% 2 $80,000 $40,000

    During 2020, Houston Federal Credit Union's average interest rate for loans was 3.19%, while their most frequently originated rate bucket for loans was 3-4%, with 143 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 152 $22,820,000 $150,132 $71 2.93%
    $200k-400k 133 $36,865,000 $277,180 $207 2.82%
    $100,000 or less 117 $6,395,000 $54,658 $0 4.07%
    $400k-600k 19 $8,445,000 $444,474 $0 2.77%
    $600k-1MM 3 $2,645,000 $881,667 $0 2.54%

    2020 saw Houston Federal Credit Union place emphasis on $100k-200k loans with 152 originations, totaling $22,820,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 127 $22,965,000 $180,827 $129 3.14%
    $150k-250k 99 $25,015,000 $252,677 $154 2.94%
    $50k-75k 79 $9,755,000 $123,481 $85 3.38%
    $75k-100k 56 $8,080,000 $144,286 $0 3.29%
    $50k or less 36 $3,310,000 $91,944 $0 3.81%
    $250k+ 25 $7,505,000 $300,200 $0 2.85%

    Houston Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 127 originations. The second most popular income band? $150k-250k, with 99 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 134 $24,410,000 $182,164 $74 3.17%
    30-36% 84 $16,360,000 $194,762 $90 3.15%
    <20% 64 $9,810,000 $153,281 $133 3.07%
    44% 20 $4,110,000 $205,500 $452 3.43%
    41% 15 $2,025,000 $135,000 $0 3.08%
    38% 14 $2,450,000 $175,000 $0 3.30%
    39% 14 $2,240,000 $160,000 $0 3.28%
    37% 13 $1,915,000 $147,308 $0 4.04%
    42% 9 $1,635,000 $181,667 $0 3.60%
    49% 9 $2,285,000 $253,889 $0 2.92%
    43% 8 $1,440,000 $180,000 $0 3.67%
    36% 8 $2,270,000 $283,750 $0 3.20%
    45% 8 $1,630,000 $203,750 $0 3.09%
    40% 8 $910,000 $113,750 $0 3.53%
    47% 6 $1,280,000 $213,333 $0 3.02%
    48% 4 $730,000 $182,500 $0 2.66%
    46% 4 $990,000 $247,500 $839 2.84%
    50-60% 1 $415,000 $415,000 $0 2.38%

    Houston Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 134 originations. The next most common DTI ratio? 30-36%, with 84 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 269 $46,755,000 $173,810 $29 3.28%
    Asian 48 $10,100,000 $210,417 $0 2.87%
    Not provided 44 $9,380,000 $213,182 $397 3.02%
    Black 49 $8,355,000 $170,510 $267 3.35%
    Asian Indian 4 $1,170,000 $292,500 $0 2.28%
    Other Asian 5 $825,000 $165,000 $0 3.30%
    American Indian 3 $365,000 $121,667 $0 2.88%
    Filipino 2 $220,000 $110,000 $0 3.63%

    Approval Rates

    Total approvals of all applications
    79.75%

    Houston Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    65.57%

    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 424 $77,170,000 $182,005

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 424 $77,170,000 $182,005

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 61 $5,925,000 $97,131 $0 3.85%
    40-60% 77 $13,985,000 $181,623 $53 2.89%
    60-80% 151 $35,615,000 $235,861 $139 2.88%
    80-100% 81 $19,095,000 $235,741 $163 3.05%
    Under 20% 52 $2,010,000 $38,654 $0 4.07%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    HOUSTONIAN MORTGAGE GROUP, INC. VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%