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 Purchase loans. Houston Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Houston, Austin, San Antonio, Greenville, and Brenham among others. We have data for 6 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.
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Originations
149Origination Dollar Volume (All Markets)
$27,085,000Top 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 |
|---|---|---|---|---|---|
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 137 | $25,175,000 | $183,759 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $910,000 | $455,000 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $0 | 0.00% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 5 | $275,000 | $55,000 | $0 | 0.00% |
| Brenham, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| Huntsville, TX (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 149 | $27,085,000 | $181,779 | $0 | 0.00% |
For 2022, Houston Federal Credit Union's most frequently originated type of loan was Conventional, with 149 originations.
Loan Reason
For 2022, Houston Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 47 originations. The 2nd most popular reason was Home Improvement, with 39 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 149 | $27,085,000 | $181,779 | $0 | 0.00% |
For 2022, Houston Federal Credit Union's most frequently cited loan duration was Other, with 149 originations.
Loan Sizing
2022 saw Houston Federal Credit Union place emphasis on $100k-200k loans with 50 originations, totaling $7,110,000 in origination value.
Applicant Income
Houston Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 43 originations. The second most popular income band? $150k-250k, with 36 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 149 | $27,085,000 | $181,779 | $0 | 0.00% |
Houston Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 149 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications83.60%
Houston Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination-48.99%
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 |
|---|---|---|---|
| Exempt | 149 | $27,085,000 | $181,779 |