Texas Health Credit Union Mortgage Rates, Fees & Info
Austin, TXLEI: 549300WR7Z70C25QD821
Tax ID: 74-1301485
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Mortgage Data
Review & Overview
Texas Health Credit Union is a smaller credit union specializing in Other loans. Texas Health Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Austin, Houston, San Antonio, and College Station among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Texas Health Credit Union has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Texas Health 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 relatively high rates.
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Originations
42Origination Dollar Volume (All Markets)
$6,360,000Relative Rate
Texas Health Credit Union's average 30 year fixed mortgage rate was
7.46%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.91%.
Relative Fees (Closing Costs)
Texas Health Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $1,591.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $8,356.
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 |
|---|---|---|---|---|---|
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 36 | $5,250,000 | $145,833 | $742 | 7.22% |
| Outside of Metro Areas | 3 | $665,000 | $221,667 | $1,281 | 7.07% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $95 | 7.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $95 | 8.31% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $95 | 8.39% |
Similar Lenders
We use machine learning to identify the top lenders compared against Texas Health Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 144
Similarity Rank: 276
Similarity Rank: 323
Similarity Rank: 327
Similarity Rank: 492
Similarity Rank: 616
Similarity Rank: 728
Similarity Rank: 752
Similarity Rank: 1008
Similarity Rank: 1164
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 42 | $6,360,000 | $151,429 | $734 | 7.25% |
For 2024, Texas Health Credit Union's most frequently originated type of loan was Conventional, with 42 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Other | 37 | $5,535,000 | $149,595 | $727 | 7.32% |
| Home Improvement | 5 | $825,000 | $165,000 | $795 | 6.80% |
For 2024, Texas Health Credit Union's most frequently cited loan purpose was Other, with 37 originations. The 2nd most popular reason was Home Improvement, with 5 originations.
Loan Duration/Length
For 2024, Texas Health Credit Union's most frequently cited loan duration was 15 Year, with 14 originations. The 2nd most popular length was 30 Year, with 14 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 17 | $2,225,000 | $130,882 |
| 7-8% | 17 | $3,025,000 | $177,941 |
| Over 8% | 7 | $1,065,000 | $152,143 |
| 5-6% | 1 | $45,000 | $45,000 |
During 2024, Texas Health Credit Union's average interest rate for loans was 7.46%, while their most frequently originated rate bucket for loans was 6-7%, with 17 originations.
Loan Sizing
2024 saw Texas Health Credit Union place emphasis on $100,000 or less loans with 21 originations, totaling $1,255,000 in origination value.
Applicant Income
Texas Health Credit Union lent most frequently to those with incomes in the $100k-150k range, with 12 originations. The second most popular income band? $75k-100k, with 10 originations.
Applicant Debt to Income Ratio
Texas Health Credit Union lent most frequently to those with DTI ratios of <20%, with 10 originations. The next most common DTI ratio? 50-60%, with 9 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 38 | $5,940,000 | $156,316 | $788 | 7.24% |
| Black | 3 | $345,000 | $115,000 | $95 | 7.38% |
| Asian | 1 | $75,000 | $75,000 | $95 | 7.38% |
Approval Rates
Total approvals of all applications94.83%
Texas Health Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination69.05%
Texas Health 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 | 42 | $6,360,000 | $151,429 |