Xplore Federal Credit Union Mortgage Rates, Fees & Info

METAIRIE, LA

LEI: 549300XPGZ2ODNN94697

Tax ID: 72-0461181

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
  • 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

    Xplore Federal Credit Union is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. Xplore Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: New Orleans, Houston, Jackson, and Gulfport among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Xplore 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.

    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.

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    Originations

    12

    Origination Dollar Volume (All Markets)

    $4,160,000

    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
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 9 $3,665,000 $407,222 $0 0.00%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $345,000 $345,000 $0 0.00%
    JACKSON, MS (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
    Xplore Federal Credit Union's top markets include New Orleans, Houston, Jackson, and Gulfport among others.

    Their top states include:
  • Louisiana (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 12 $4,160,000 $346,667 $0 0.00%

    For 2023, Xplore Federal Credit Union's most frequently originated type of loan was Conventional, with 12 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 6 $2,580,000 $430,000 $0 0.00%
    Cash Out Refi 4 $1,120,000 $280,000 $0 0.00%
    Refi 2 $460,000 $230,000 $0 0.00%

    For 2023, Xplore Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 6 originations. The 2nd most popular reason was Cash Out Refi, with 4 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 12 $4,160,000 $346,667 $0 0.00%

    For 2023, Xplore Federal Credit Union's most frequently cited loan duration was Other, with 12 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 7 $1,955,000 $279,286 $0 0.00%
    $600k-1MM 3 $2,055,000 $685,000 $0 0.00%
    $100,000 or less 2 $150,000 $75,000 $0 0.00%

    2023 saw Xplore Federal Credit Union place emphasis on $200k-400k loans with 7 originations, totaling $1,955,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 2 $880,000 $440,000 $0 0.00%
    $250k+ 2 $1,070,000 $535,000 $0 0.00%
    $75k-100k 2 $430,000 $215,000 $0 0.00%
    $50k-75k 1 $65,000 $65,000 $0 0.00%

    Xplore Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 2 originations. The second most popular income band? $250k+, with 2 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 12 $4,160,000 $346,667 $0 0.00%

    Xplore Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 12 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 5 $1,935,000 $387,000 $0 0.00%
    Not applicable 4 $1,430,000 $357,500 $0 0.00%
    Black 2 $430,000 $215,000 $0 0.00%
    Asian 1 $365,000 $365,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.24%

    Xplore Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.33%

    Xplore Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 12 $4,160,000 $346,667

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    12 $4,160,000 $346,667