Texoma Community Credit Union Mortgage Rates, Fees & Info

Wichita Falls, TX

LEI: 549300XTGDMRB8FMR522

Tax ID: 75-0896179

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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

    Texoma Community Credit Union is a smaller credit union specializing in Cash Out Refi, Home Purchase, and Refi loans. Texoma Community Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Wichita Falls, Vernon, Dallas, Gainesville, and Lawton among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Texoma Community Credit Union has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Texoma Community 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.

    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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.27% 12/16/24
    30 Year Conventional Refi 6.27% 12/16/24
    30 Year Cash-out Refi 6.27% 12/16/24
    15 Year Conventional Purchase 5.68% 12/16/24
    15 Year Conventional Refi 5.68% 12/16/24
    15 Year Cash-out Refi 5.68% 12/16/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Texoma Community Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Texoma Community Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    158

    Origination Dollar Volume (All Markets)

    $13,480,000

    Awards

    TEXOMA COMMUNITY CREDIT UNION 30 Year Conventional Loans bronze
    Show all (1) awards

    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
    WICHITA FALLS, TX (FHA|USDA|VA) 138 $10,910,000 $79,058 $1,904 5.35%
    Outside of Metro Areas 10 $1,630,000 $163,000 $2,663 5.31%
    Vernon, TX (FHA|USDA|VA) 7 $695,000 $99,286 $2,078 5.37%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $155,000 $155,000 $3,890 4.25%
    Gainesville, TX (FHA|USDA|VA) 1 $45,000 $45,000 $1,022 5.00%
    LAWTON, OK (FHA|USDA|VA) 1 $45,000 $45,000 $3,846 5.90%
    Texoma Community Credit Union's top markets include Wichita Falls, Vernon, Dallas, Gainesville, and Lawton among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against TEXOMA COMMUNITY CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    TEXOMA COMMUNITY CREDIT UNION
    Similarity Rank: 90
    First United Bank
    Similarity Rank: 310
    UNION SQUARE
    Similarity Rank: 814
    American National Bank & Trust
    Similarity Rank: 1386
    First National Bank
    Similarity Rank: 2491
    First Bank
    Similarity Rank: 2870
    First Bank & Trust
    Similarity Rank: 2982
    FREEDOM MORTGAGE CORPORATION
    Similarity Rank: 3692
    JPMorgan Chase Bank
    Similarity Rank: 5250
    CALIBER HOME LOANS, INC.
    Similarity Rank: 6202

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 158 $13,480,000 $85,316 $1,976 5.34%

    For 2020, Texoma Community Credit Union's most frequently originated type of loan was Conventional, with 158 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 90 $6,390,000 $71,000 $1,663 5.45%
    Home Purchase 42 $4,030,000 $95,952 $2,624 5.25%
    Refi 25 $2,915,000 $116,600 $2,082 5.10%
    Other 1 $145,000 $145,000 $2,010 5.00%

    For 2020, Texoma Community Credit Union's most frequently cited loan purpose was Cash Out Refi, with 90 originations. The 2nd most popular reason was Home Purchase, with 42 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 53 $7,005,000 $132,170 $2,781 5.22%
    15 Year 46 $3,270,000 $71,087 $1,763 5.48%
    20 Year 25 $1,775,000 $71,000 $1,991 5.49%
    10 Year 22 $1,030,000 $46,818 $993 5.06%
    5 Year 10 $300,000 $30,000 $1,033 5.38%
    1 Year 1 $25,000 $25,000 $0 7.90%
    Other 1 $75,000 $75,000 $450 4.75%

    For 2020, Texoma Community Credit Union's most frequently cited loan duration was 30 Year, with 53 originations. The 2nd most popular length was 15 Year, with 46 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 81 $4,305,000 $53,148
    $1k-2k 70 $7,950,000 $113,571

    Texoma Community Credit Union's average total fees were $2,781, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 81 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 64 $6,340,000 $99,063
    5-6% 52 $4,220,000 $81,154
    6-7% 28 $1,820,000 $65,000
    3-4% 7 $775,000 $110,714
    7-8% 7 $325,000 $46,429

    During 2020, Texoma Community Credit Union's average interest rate for loans was 5.22%, while their most frequently originated rate bucket for loans was 4-5%, with 64 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 115 $5,895,000 $51,261 $1,627 5.46%
    $100k-200k 35 $4,765,000 $136,143 $2,837 5.10%
    $200k-400k 6 $1,530,000 $255,000 $3,155 4.69%
    $400k-600k 1 $595,000 $595,000 $5,962 4.50%
    $600k-1MM 1 $695,000 $695,000 $0 4.75%

    2020 saw Texoma Community Credit Union place emphasis on $100,000 or less loans with 115 originations, totaling $5,895,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 55 $2,745,000 $49,909 $1,442 5.64%
    $50k-75k 41 $3,075,000 $75,000 $2,207 5.19%
    $100k-150k 24 $2,840,000 $118,333 $2,369 4.96%
    $75k-100k 19 $1,585,000 $83,421 $2,019 5.44%
    $150k-250k 15 $1,845,000 $123,000 $2,639 5.26%
    $250k+ 4 $1,390,000 $347,500 $2,485 4.81%

    Texoma Community Credit Union lent most frequently to those with incomes in the $50k or less range, with 55 originations. The second most popular income band? $50k-75k, with 41 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 39 $3,525,000 $90,385 $1,978 5.21%
    30-36% 25 $2,025,000 $81,000 $1,953 5.45%
    <20% 21 $2,225,000 $105,952 $1,861 5.08%
    50-60% 8 $720,000 $90,000 $1,985 5.24%
    38% 8 $490,000 $61,250 $2,100 5.25%
    37% 7 $485,000 $69,286 $1,514 4.66%
    43% 6 $610,000 $101,667 $2,513 5.68%
    39% 6 $530,000 $88,333 $1,712 5.83%
    45% 6 $490,000 $81,667 $2,409 5.28%
    >60% 4 $430,000 $107,500 $2,636 5.50%
    36% 4 $190,000 $47,500 $1,231 5.00%
    42% 4 $230,000 $57,500 $2,304 6.41%
    44% 4 $370,000 $92,500 $2,616 5.98%
    46% 3 $195,000 $65,000 $1,672 5.25%
    48% 3 $275,000 $91,667 $1,778 5.39%
    40% 3 $175,000 $58,333 $1,655 5.93%
    47% 2 $70,000 $35,000 $1,591 5.50%
    41% 2 $240,000 $120,000 $2,723 5.25%

    Texoma Community Credit Union lent most frequently to those with DTI ratios of 20-30%, with 39 originations. The next most common DTI ratio? 30-36%, with 25 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 149 $12,895,000 $86,544 $1,956 5.32%
    American Indian 3 $255,000 $85,000 $2,812 5.44%
    Black 4 $170,000 $42,500 $1,701 5.89%
    Not applicable 1 $85,000 $85,000 $2,833 5.00%
    Asian 1 $75,000 $75,000 $2,591 5.75%

    Approval Rates

    Total approvals of all applications
    100.00%

    Texoma Community Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    98.10%

    Texoma Community Credit Union has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 158 $13,480,000 $85,316

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 158 $13,480,000 $85,316

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 15 $525,000 $35,000 $791 5.31%
    40-60% 18 $1,090,000 $60,556 $1,516 5.25%
    60-80% 82 $7,440,000 $90,732 $2,071 5.48%
    80-100% 41 $4,385,000 $106,951 $2,512 5.16%
    Under 20% 2 $40,000 $20,000 $623 4.25%