Xplore Federal Credit Union Mortgage Rates, Fees & Info
METAIRIE, LALEI: 549300XPGZ2ODNN94697
Tax ID: 72-0461181
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Xplore Federal Credit Union is a smaller credit union specializing in Refi and Home Purchase loans. Xplore Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: New Orleans, Lafayette, Houston, Baton Rouge, and Picayune among others. We have data for 10 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.
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Originations
48Origination Dollar Volume (All Markets)
$12,190,000Top 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 |
|---|---|---|---|---|---|
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 36 | $8,900,000 | $247,222 | $0 | 0.00% |
| LAFAYETTE, LA (FHA|USDA|VA) | 3 | $1,495,000 | $498,333 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 0.00% |
| Picayune, MS (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| HAMMOND, LA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| Cullman, AL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| HATTIESBURG, MS (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 48 | $12,190,000 | $253,958 | $0 | 0.00% |
For 2019, Xplore Federal Credit Union's most frequently originated type of loan was Conventional, with 48 originations.
Loan Reason
For 2019, Xplore Federal Credit Union's most frequently cited loan purpose was Refi, with 26 originations. The 2nd most popular reason was Home Purchase, with 17 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 48 | $12,190,000 | $253,958 | $0 | 0.00% |
For 2019, Xplore Federal Credit Union's most frequently cited loan duration was Other, with 48 originations.
Loan Sizing
2019 saw Xplore Federal Credit Union place emphasis on $100k-200k loans with 18 originations, totaling $2,470,000 in origination value.
Applicant Income
Xplore Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 14 originations. The second most popular income band? $100k-150k, with 12 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 48 | $12,190,000 | $253,958 | $0 | 0.00% |
Xplore Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 48 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.71%
Xplore Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination89.58%
Xplore Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 48 | $12,190,000 | $253,958 |