Eecu Mortgage Rates, Fees & Info

Fort Worth, TX

LEI: 549300Z7KF7I03AULW22

Tax ID: 75-0275915

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

    Eecu is a smaller mortgage company specializing in Home Improvement and Refi loans. Eecu has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Dallas, Granbury, Houston, San Antonio, and Mineral Wells among others. We have data for 26 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Eecu 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. Eecu 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
    Home Equity Line of Credit (HELOC) 6.27% 4/18/24
    30 Year Conventional Purchase 6.78% 4/18/24
    30 Year Conventional Refi 6.66% 4/18/24
    30 Year Cash-out Refi 7.11% 4/18/24
    30 Year FHA Purchase 8.06% 4/18/24
    30 Year VA Purchase 6.73% 4/18/24
    15 Year Conventional Purchase 6.48% 4/18/24
    15 Year Conventional Refi 6.70% 4/18/24
    15 Year Cash-out Refi 6.70% 4/18/24
    15 Year VA Purchase 6.56% 4/18/24
    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.

    Eecu Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Eecu. 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

    1,919

    Origination Dollar Volume (All Markets)

    $287,615,000

    Awards

    EECU 30 Year Conventional Loans gold EECU FHA Loans silver EECU 30 Year Conventional Loans silver
    Show all (3) 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
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1,783 $264,605,000 $148,404 $1,896 3.79%
    Granbury, TX (FHA|USDA|VA) 39 $7,605,000 $195,000 $2,345 3.72%
    Outside of Metro Areas 22 $2,680,000 $121,818 $1,925 3.90%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 15 $2,375,000 $158,333 $1,928 3.60%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 8 $2,000,000 $250,000 $3,264 3.58%
    Mineral Wells, TX (FHA|USDA|VA) 12 $1,570,000 $130,833 $3,284 3.79%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 5 $1,015,000 $203,000 $2,987 3.30%
    Gainesville, TX (FHA|USDA|VA) 6 $800,000 $133,333 $1,709 3.96%
    Stephenville, TX (FHA|USDA|VA) 4 $710,000 $177,500 $3,995 3.44%
    EL PASO, TX (FHA|USDA|VA) 2 $480,000 $240,000 $2,963 3.25%
    ODESSA, TX (FHA|USDA|VA) 2 $470,000 $235,000 $3,461 3.63%
    AMARILLO, TX (FHA|USDA|VA) 2 $460,000 $230,000 $5,665 3.94%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 2 $430,000 $215,000 $3,651 4.00%
    LONGVIEW, TX (FHA|USDA|VA) 2 $360,000 $180,000 $2,757 3.50%
    WICHITA FALLS, TX (FHA|USDA|VA) 2 $340,000 $170,000 $2,562 3.31%
    Brownwood, TX (FHA|USDA|VA) 2 $300,000 $150,000 $550 3.50%
    Athens, TX (FHA|USDA|VA) 1 $235,000 $235,000 $6,612 2.88%
    Sulphur Springs, TX (FHA|USDA|VA) 2 $180,000 $90,000 $805 3.75%
    Paris, TX (FHA|USDA|VA) 1 $175,000 $175,000 $1,109 3.75%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $175,000 $175,000 $599 3.50%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $145,000 $145,000 $1,210 3.75%
    Mount Pleasant, TX (FHA|USDA|VA) 1 $145,000 $145,000 $3,921 3.50%
    Bonham, TX (FHA|USDA|VA) 1 $125,000 $125,000 $3,822 3.50%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $85,000 $85,000 $774 3.75%
    Corsicana, TX (FHA|USDA|VA) 1 $85,000 $85,000 $599 3.75%
    VICTORIA, TX (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
    Eecu's top markets include Dallas, Granbury, Houston, San Antonio, and Mineral Wells among others.

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

    • Similar Lenders

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

    AAXY L.L.C.
    Similarity Rank: 522
    Beeline Loans, Inc.
    Similarity Rank: 989
    U S WIDE FINANCIAL LLC
    Similarity Rank: 1292
    Credence Funding Corporation
    Similarity Rank: 1320
    CAPITAL PLUS FINANCIAL, LLC
    Similarity Rank: 1620
    TEXAS TRUST
    Similarity Rank: 1885
    DATCU
    Similarity Rank: 1900
    WESTSTAR MORTGAGE CORPORATION
    Similarity Rank: 1932
    FC LENDING, LTD.
    Similarity Rank: 2112
    UNION SQUARE
    Similarity Rank: 2464

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,600 $258,210,000 $161,381 $1,865 3.72%
    HELOC 299 $24,395,000 $81,589 n/a 4.13%
    FHA 14 $3,120,000 $222,857 $7,801 3.69%
    VA 6 $1,890,000 $315,000 $8,519 3.48%

    For 2020, Eecu's most frequently originated type of loan was Conventional, with 1,600 originations. Their 2nd most popular type was HELOC, with 299 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 674 $68,590,000 $101,766 $995 4.08%
    Refi 656 $118,250,000 $180,259 $1,874 3.50%
    Cash Out Refi 369 $51,875,000 $140,583 $1,389 3.85%
    Home Purchase 214 $48,390,000 $226,121 $5,108 3.56%
    Other 6 $510,000 $85,000 $1,632 4.02%

    For 2020, Eecu's most frequently cited loan purpose was Home Improvement, with 674 originations. The 2nd most popular reason was Refi, with 656 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 711 $145,715,000 $204,944 $2,918 3.69%
    20 Year 544 $56,470,000 $103,805 $1,319 4.10%
    15 Year 509 $69,695,000 $136,925 $1,193 3.54%
    10 Year 129 $10,605,000 $82,209 $569 3.92%
    5 Year 20 $3,480,000 $174,000 $498 3.80%
    Other 6 $1,650,000 $275,000 $4,158 3.25%

    For 2020, Eecu's most frequently cited loan duration was 30 Year, with 711 originations. The 2nd most popular length was 20 Year, with 544 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,202 $156,810,000 $130,458
    $1k-2k 323 $84,055,000 $260,232
    $2k-3k 47 $11,825,000 $251,596
    $3k-4k 15 $3,995,000 $266,333
    $4k-5k 5 $1,145,000 $229,000
    $5k+ 5 $1,745,000 $349,000

    Eecu's average total fees were $2,918, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,202 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,253 $196,515,000 $156,836
    4-5% 396 $38,790,000 $97,955
    2.5-3% 209 $46,535,000 $222,656
    5-6% 50 $3,870,000 $77,400
    <2.5% 5 $1,585,000 $317,000
    6-7% 1 $35,000 $35,000

    During 2020, Eecu's average interest rate for loans was 3.69%, while their most frequently originated rate bucket for loans was 3-4%, with 1,253 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 921 $130,735,000 $141,949 $1,203 3.65%
    $100,000 or less 595 $35,705,000 $60,008 $608 4.25%
    $200k-400k 356 $97,410,000 $273,624 $4,606 3.38%
    $400k-600k 42 $19,430,000 $462,619 $5,272 3.34%
    $600k-1MM 3 $1,985,000 $661,667 $6,585 3.33%
    $1MM+ 2 $2,350,000 $1,175,000 $0 3.73%

    2020 saw Eecu place emphasis on $100k-200k loans with 921 originations, totaling $130,735,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 519 $80,115,000 $154,364 $2,054 3.76%
    $50k-75k 423 $51,145,000 $120,910 $1,385 3.81%
    $75k-100k 368 $54,080,000 $146,957 $1,967 3.69%
    $150k-250k 341 $63,855,000 $187,258 $2,668 3.77%
    $50k or less 189 $18,285,000 $96,746 $1,185 3.93%
    $250k+ 72 $16,830,000 $233,750 $3,358 3.82%

    Eecu lent most frequently to those with incomes in the $100k-150k range, with 519 originations. The second most popular income band? $50k-75k, with 423 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 546 $74,260,000 $136,007 $1,712 3.77%
    30-36% 428 $65,860,000 $153,879 $1,995 3.77%
    <20% 179 $24,235,000 $135,391 $1,608 3.68%
    42% 122 $17,950,000 $147,131 $1,933 3.81%
    41% 103 $17,535,000 $170,243 $2,116 3.77%
    39% 93 $16,165,000 $173,817 $1,961 3.71%
    37% 89 $13,575,000 $152,528 $2,109 3.79%
    40% 84 $12,720,000 $151,429 $1,933 3.94%
    38% 81 $11,605,000 $143,272 $1,772 3.74%
    36% 74 $11,560,000 $156,216 $1,936 3.86%
    43% 45 $6,125,000 $136,111 $2,132 3.97%
    44% 28 $3,660,000 $130,714 $1,798 4.13%
    46% 11 $2,085,000 $189,545 $4,259 3.76%
    47% 8 $2,380,000 $297,500 $5,759 3.56%
    49% 6 $1,620,000 $270,000 $5,660 3.77%
    48% 4 $1,130,000 $282,500 $4,571 3.69%
    45% 3 $445,000 $148,333 $1,948 3.21%
    50-60% 2 $730,000 $365,000 $5,068 3.94%
    >60% 1 $345,000 $345,000 $13,238 3.63%

    Eecu lent most frequently to those with DTI ratios of 20-30%, with 546 originations. The next most common DTI ratio? 30-36%, with 428 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,412 $209,070,000 $148,067 $1,874 3.79%
    Not provided 320 $44,720,000 $139,750 $1,918 3.81%
    Black 125 $21,415,000 $171,320 $2,484 3.71%
    Asian 38 $6,190,000 $162,895 $2,025 3.50%
    American Indian 14 $2,730,000 $195,000 $3,954 3.64%
    Not applicable 5 $2,625,000 $525,000 $399 3.67%
    Native Hawaiian or Islander 4 $710,000 $177,500 $2,523 3.63%
    Asian Indian 1 $155,000 $155,000 $599 3.25%

    Approval Rates

    Total approvals of all applications
    71.85%

    Eecu has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    86.82%

    Eecu has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 6 $380,000 $63,333
    581.84 1 $25,000 $25,000
    NA 1,912 $287,210,000 $150,214

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $2,350,000 $1,175,000
    Single Family (1-4 Units):Manufactured 12 $1,130,000 $94,167
    Single Family (1-4 Units):Site-Built 1,905 $284,135,000 $149,152

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 345 $31,605,000 $91,609 $712 4.02%
    40-60% 384 $54,090,000 $140,859 $1,267 3.63%
    60-80% 668 $126,580,000 $189,491 $2,159 3.59%
    80-100% 261 $61,435,000 $235,383 $3,948 3.58%
    Over 100% 3 $735,000 $245,000 $9,063 3.54%
    Under 20% 258 $13,170,000 $51,047 $399 4.38%