Xplore Federal Credit Union Mortgage Rates, Fees & Info

METAIRIE, LA

LEI: 549300XPGZ2ODNN94697

Tax ID: 72-0461181

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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

46

Origination Dollar Volume (All Markets)

$14,800,000

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) 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%
Xplore Federal Credit Union's top markets include New Orleans, Crestview, Baton Rouge, Houston, and Picayune among others.

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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 23 $4,975,000 $216,304 $0 0.00%
    Home Purchase 16 $7,460,000 $466,250 $0 0.00%
    Refi 5 $2,135,000 $427,000 $0 0.00%
    Home Improvement 2 $230,000 $115,000 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 14 $3,910,000 $279,286 $0 0.00%
    $100k-200k 13 $1,905,000 $146,538 $0 0.00%
    $100,000 or less 8 $620,000 $77,500 $0 0.00%
    $400k-600k 5 $2,505,000 $501,000 $0 0.00%
    $600k-1MM 4 $2,980,000 $745,000 $0 0.00%
    $1MM+ 2 $2,880,000 $1,440,000 $0 0.00%

    2022 saw Xplore Federal Credit Union place emphasis on $200k-400k loans with 14 originations, totaling $3,910,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 13 $3,905,000 $300,385 $0 0.00%
    $50k-75k 8 $1,410,000 $176,250 $0 0.00%
    $75k-100k 8 $1,240,000 $155,000 $0 0.00%
    $100k-150k 4 $950,000 $237,500 $0 0.00%
    $250k+ 4 $3,840,000 $960,000 $0 0.00%
    $50k or less 4 $390,000 $97,500 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 28 $9,480,000 $338,571 $0 0.00%
    Not applicable 4 $2,770,000 $692,500 $0 0.00%
    Not provided 7 $1,585,000 $226,429 $0 0.00%
    Black 7 $965,000 $137,857 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.18%

    Xplore Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    73.91%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    46 $14,800,000 $321,739