East Texas Professional CU Mortgage Interest Rate and Cost Review

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

Review ItemEast Texas Professional CU
Interest Ratehigher than other lenders (+0.32%)
Loan Related Closing Costslower than other lenders (-$366)
National Rate and Closing Cost Star Rating(2.5)

On average, East Texas Professional CU’s interest rates were higher than those of other lenders (+0.32%). On the other hand, its loan related closing costs were lower than those of other lenders, with a difference of -$366. Overall, combining interest rates and closing costs we estimate that East Texas Professional CU tends to be an expensive lender, and give it a National Rate and Closing Costs Rating of 2.5 out of 5 stars.

We maintain our independence by not accepting any money from the mortgage lenders we review. To visit East Texas Professional CU, check out its website at: https://www.etpcu.org.

East Texas Professional CU’s Rate Review by City

Mortgage lenders often set different rates in different geographical markets. For our list of the top mortgage lenders by city, click here. In particular, among the cities we track East Texas Professional CU was most active in:

  1. Longview, TX
  2. Nacogdoches, TX
  3. Sulphur Springs, TX
  4. Tyler, TX
  5. Dallas, TX

East Texas Professional CU’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, East Texas Professional CU originated Conforming mortgages for new home purchases and refinances. Its average interest rate and total loan related closing cost difference relative to other lenders by mortgages type is as follows.

New Purchase MortgagesConforming
Interest Rate Difference+0.02%
Loan Related Closing Cost Difference-$13
Cost Adjusted Rate Difference+0.02%
National Star Rating(3.5)
Refinance MortgagesConforming
Interest Rate Difference+0.33%
Loan Related Closing Cost Difference-$374
Cost Adjusted Rate Difference+0.18%
Average Star Rating(2.5)

As a summary, East Texas Professional CU is similar to other lenders for Conforming purchase mortgages. For refinancing, East Texas Professional CU is more expensive than other lenders 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 East Texas Professional CU:

Registered name: East Texas Professional CU
Registered city and state: LONGVIEW, TX, 75605-7916
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 East Texas Professional CU’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.