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 Cash Out 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, Crestview, Baton Rouge, Houston, and Picayune among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)Xplore Federal 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.
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Originations
46Origination Dollar Volume (All Markets)
$14,800,000Top 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) | 33 | $11,205,000 | $339,545 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $1,185,000 | $1,185,000 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $0 | 0.00% |
| Picayune, MS (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $305,000 | $305,000 | $0 | 0.00% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $0 | 0.00% |
| MOBILE, AL (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 0.00% |
| LAFAYETTE, LA (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 | 46 | $14,800,000 | $321,739 | $0 | 0.00% |
For 2022, Xplore Federal Credit Union's most frequently originated type of loan was Conventional, with 46 originations.
Loan Reason
For 2022, Xplore Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 23 originations. The 2nd most popular reason was Home Purchase, with 16 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 46 | $14,800,000 | $321,739 | $0 | 0.00% |
For 2022, Xplore Federal Credit Union's most frequently cited loan duration was Other, with 46 originations.
Loan Sizing
2022 saw Xplore Federal Credit Union place emphasis on $200k-400k loans with 14 originations, totaling $3,910,000 in origination value.
Applicant Income
Xplore Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 13 originations. The second most popular income band? $50k-75k, with 8 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 46 | $14,800,000 | $321,739 | $0 | 0.00% |
Xplore Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 46 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.18%
Xplore Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination73.91%
Xplore Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 46 | $14,800,000 | $321,739 |