Smart Financial Credit Union Mortgage Rates, Fees & Info

Houston, TX

LEI: 549300Z54IIB4Q3AKI90

Tax ID: 74-0695355

5 stars - Updated: 4/17/25 - out of 5 stars, based on 14 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • 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

    Smart Financial Credit Union is a smaller credit union specializing in Other and Home Purchase loans. Smart Financial Credit Union has a high proportion of conventional loans. Smart Financial Credit Union has a low ratio of conventional loans. Their top markets by origination volume include: Houston, Dallas, San Antonio, and Port Lavaca among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Smart Financial Credit Union has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Smart Financial 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 about average 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 5.98% 4/17/25
    30 Year Conventional Refi 5.83% 4/17/25
    30 Year Cash-out Refi 6.72% 4/17/25
    30 Year FHA Purchase 6.72% 4/17/25
    30 Year VA Purchase 6.72% 4/17/25
    15 Year Conventional Purchase 8.61% 4/17/25
    15 Year Conventional Refi 6.00% 4/17/25
    15 Year Cash-out Refi 6.00% 4/17/25
    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.

    Smart Financial Credit Union Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Smart Financial 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

    197

    Origination Dollar Volume (All Markets)

    $33,235,000

    Awards

    SMART FINANCIAL CREDIT UNION 30 Year Conventional Loans gold SMART FINANCIAL CREDIT UNION 30 Year Conventional Loans gold
    Show all (2) awards

    Relative Rate

    Smart Financial Credit Union's average 30 year fixed mortgage rate was 5.34%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of -1.21%.

    Relative Fees (Closing Costs)

    Smart Financial Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $6,801.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $8,356.

    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
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 191 $32,355,000 $169,398 $1,400 6.84%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $300,000 $150,000 $0 6.99%
    Outside of Metro Areas 2 $290,000 $145,000 $0 8.00%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $235,000 $235,000 $3,792 4.99%
    Port Lavaca, TX (FHA|USDA|VA) 1 $55,000 $55,000 $0 8.00%
    Smart Financial Credit Union's top markets include Houston, Dallas, San Antonio, and Port Lavaca among others.

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

    • Similar Lenders

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

    DSLD MORTGAGE, LLC
    Similarity Rank: 105
    AMOCO
    Similarity Rank: 180
    SCHLUMBERGER EMPLOYEES CREDIT UNION
    Similarity Rank: 275
    FIRST CONTINENTAL MORTGAGE, LTD.
    Similarity Rank: 323
    SMART FINANCIAL CREDIT UNION
    Similarity Rank: 405
    PRIMEWAY
    Similarity Rank: 532
    HOMEWAY MORTGAGE LLC
    Similarity Rank: 586
    FC LENDING, LTD.
    Similarity Rank: 609
    COMMUNITY RESOURCE CREDIT UNION
    Similarity Rank: 675
    MEMBERS CHOICE Credit Union
    Similarity Rank: 1280

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 141 $27,615,000 $195,851 $1,407 6.89%
    HELOC 55 $5,535,000 $100,636 n/a 6.74%
    Conventional 1 $85,000 $85,000 $0 0.00%

    For 2024, Smart Financial Credit Union's most frequently originated type of loan was Conventional, with 141 originations. Their 2nd most popular type was HELOC, with 55 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 82 $7,720,000 $94,146 $68 7.01%
    Home Improvement 59 $5,465,000 $92,627 $4 7.19%
    Home Purchase 31 $15,625,000 $504,032 $6,467 5.95%
    Cash Out Refi 23 $3,965,000 $172,391 $592 6.76%
    Refi 2 $460,000 $230,000 $2,802 5.12%

    For 2024, Smart Financial Credit Union's most frequently cited loan purpose was Other, with 82 originations. The 2nd most popular reason was Home Improvement, with 59 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 83 $9,865,000 $118,855 $422 6.76%
    15 Year 58 $6,190,000 $106,724 $302 7.78%
    30 Year 23 $14,805,000 $643,696 $6,801 5.34%
    10 Year 21 $1,725,000 $82,143 $286 6.51%
    5 Year 11 $565,000 $51,364 $0 6.41%
    Other 1 $85,000 $85,000 $0 0.00%

    For 2024, Smart Financial Credit Union's most frequently cited loan duration was 20 Year, with 83 originations. The 2nd most popular length was 15 Year, with 58 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 140 $27,530,000 $196,643

    Smart Financial Credit Union's average total fees were $6,801, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 140 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 74 $8,710,000 $117,703
    5-6% 42 $11,680,000 $278,095
    7-8% 39 $3,825,000 $98,077
    Over 8% 25 $2,065,000 $82,600
    4-5% 16 $6,870,000 $429,375

    During 2024, Smart Financial Credit Union's average interest rate for loans was 5.34%, while their most frequently originated rate bucket for loans was 6-7%, with 74 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 96 $5,810,000 $60,521 $42 7.25%
    $100k-200k 64 $8,950,000 $139,844 $497 6.86%
    $200k-400k 21 $5,545,000 $264,048 $2,186 5.97%
    $400k-600k 8 $3,670,000 $458,750 $6,546 5.62%
    $1MM+ 5 $6,855,000 $1,371,000 $10,973 5.75%
    $600k-1MM 3 $2,405,000 $801,667 $7,532 5.33%

    2024 saw Smart Financial Credit Union place emphasis on $100,000 or less loans with 96 originations, totaling $5,810,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 62 $9,450,000 $152,419 $1,556 6.89%
    $100k-150k 41 $5,155,000 $125,732 $810 7.04%
    $50k-75k 31 $2,765,000 $89,194 $292 6.81%
    $75k-100k 29 $2,845,000 $98,103 $251 6.91%
    $250k+ 25 $12,385,000 $495,400 $6,359 6.40%
    $50k or less 9 $635,000 $70,556 $0 6.80%

    Smart Financial Credit Union lent most frequently to those with incomes in the $150k-250k range, with 62 originations. The second most popular income band? $100k-150k, with 41 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 40 $6,730,000 $168,250 $1,346 6.72%
    20-30% 25 $3,595,000 $143,800 $1,460 6.60%
    44% 22 $3,250,000 $147,727 $1,094 7.31%
    43% 20 $4,590,000 $229,500 $1,988 6.63%
    <20% 14 $1,380,000 $98,571 $364 6.30%
    42% 14 $1,400,000 $100,000 $462 7.25%
    40% 13 $2,185,000 $168,077 $653 6.86%
    36% 10 $2,410,000 $241,000 $1,379 6.77%
    41% 9 $925,000 $102,778 $452 7.33%
    39% 8 $1,450,000 $181,250 $2,377 6.87%
    37% 6 $640,000 $106,667 $0 7.04%
    38% 4 $430,000 $107,500 $3,205 6.99%
    47% 4 $2,400,000 $600,000 $6,383 6.25%
    50-60% 3 $285,000 $95,000 $0 8.00%
    45% 2 $440,000 $220,000 $2,349 7.12%
    46% 1 $975,000 $975,000 $9,039 6.00%
    Exempt% 1 $85,000 $85,000 $0 0.00%
    49% 1 $65,000 $65,000 $0 8.00%

    Smart Financial Credit Union lent most frequently to those with DTI ratios of 30-36%, with 40 originations. The next most common DTI ratio? 20-30%, with 25 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 113 $15,455,000 $136,770 $1,122 6.88%
    Not provided 28 $8,260,000 $295,000 $2,547 6.77%
    Asian 17 $5,025,000 $295,588 $3,567 6.13%
    Black 36 $3,960,000 $110,000 $382 7.21%
    American Indian 2 $430,000 $215,000 $2,349 5.87%
    Asian Indian 1 $105,000 $105,000 $0 7.00%

    Approval Rates

    Total approvals of all applications
    68.39%

    Smart Financial Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    67.01%

    Smart Financial Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 1 $85,000 $85,000
    NA 196 $33,150,000 $169,133

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    197 $33,235,000 $168,706

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 54 $5,900,000 $109,259 $110 7.11%
    40-60% 15 $2,505,000 $167,000 $822 6.65%
    60-80% 39 $13,475,000 $345,513 $3,308 6.35%
    80-100% 13 $6,565,000 $505,000 $5,742 5.35%
    Under 20% 75 $4,705,000 $62,733 $14 7.22%