First Community Credit Union TX Mortgage Interest Rate and Cost Review

Is First Community Credit Union TX a cheap or expensive mortgage lender? To help you shop for a mortgage, we compare the interest rates and closing costs charged by First Community Credit Union TX to those of other lenders for a comparable set of borrowers. Here is our review of First Community Credit Union TX nationally:

Review ItemFirst Community Credit Union TX
Interest Ratelower than other lenders (-0.14%)
Loan Related Closing Costslower than other lenders (-$470)
National Rate and Closing Cost Star Rating(4.5)

On average, First Community Credit Union TX’s interest rates were lower than those of other lenders (-0.14%). Its loan related closing costs were also lower than those of other lenders, with a difference of -$470. Overall, combining interest rates and closing costs we estimate that First Community Credit Union TX tends to be a cheap lender, and give it a National Rate and Closing Costs Rating of 4.5 out of 5 stars. This is an excellent rating and places it among the top 15% of lenders nationwide.

We maintain our independence by not accepting any money from the mortgage lenders we review. To visit First Community Credit Union TX, check out its website at: https://www.fccu.org.

First Community Credit Union TX’s Rate Review by City

Mortgage lenders often set different rates in different geographical markets. For our list of the top mortgage lenders in your area, click here. In particular, among the cities we track First Community Credit Union TX was most active in:

  1. Houston, TX
  2. Dallas, TX
  3. Brownsville, TX
  4. Austin, TX
  5. Killeen, TX

First Community Credit Union TX’s Rate Review by Mortgage Type

Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, First Community Credit Union TX originated Conforming and Jumbo mortgages for new home purchases. It also originated Conforming mortgages for refinances. Its average interest rate and total loan related closing cost difference relative to other lenders for comparable borrowers by mortgages type is as follows.

Purchase/Refinance:
New Purchase MortgagesConformingJumbo
Interest Rate Difference-0.16%+0.00%
Loan Related Closing Cost Difference+$154-$44
Cost Adjusted Rate Difference-0.15%+0.00%
National Star Rating(4)(3.5)
Refinance MortgagesConforming
Interest Rate Difference-0.12%
Loan Related Closing Cost Difference-$1003
Cost Adjusted Rate Difference-0.28%
Average Star Rating(5)

As a summary, First Community Credit Union TX is cheap for Conforming purchase mortgages. It is similar to other lenders for Jumbo purchase mortgages. For refinancing mortgages, First Community Credit Union TX is cheap for Conforming mortgage refinance. Nevertheless, individual circumstances can matter a lot for mortgage rates, and we always recommend shopping among several of our top mortgage lenders in your area before signing.

Other information about First Community Credit Union TX:

Registered name: First Community Credit Union
Registered city and state: HOUSTON, TX, 77095
Regulator: National Credit Union Administration (NCUA)

* Source of the data is Federal Financial Institutions Examination Council (FFIEC) and is for mortgages originated in the past year. Our comparable mortgages analysis controls for First Community Credit Union TX’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and commuting zone. Cost adjusted rates were computed based on each percent of the loan amount in above average loan related closing costs being worth +0.15 of a percentage point in interest rate. Furthermore, the amounts are regularized using a Bayesian approach to control for small samples.