Member Home Loan Mortgage Interest Rate and Cost Review

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

Review ItemMember Home Loan
Interest Ratelower than other lenders (-0.24%)
Loan Related Closing Costshigher than other lenders (+$797)
National Rate and Closing Cost Star Rating(4.5)

On average, Member Home Loan’s interest rates were lower than those of other lenders (-0.24%). On the other hand, its loan related closing costs were higher than those of other lenders, with a difference of +$797. Overall, combining interest rates and closing costs we estimate that Member Home Loan 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 Member Home Loan, check out its website at:

Member Home Loan’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 Member Home Loan was most active in:

  1. Houston, TX
  2. Dallas, TX
  3. Fort Worth, TX
  4. San Antonio, TX
  5. St. Louis, MO

Member Home Loan’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, Member Home Loan originated Conforming, FHA and Jumbo mortgages for new home purchases. It also originated Conforming and Jumbo 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.

New Purchase MortgagesConformingFHAJumbo
Interest Rate Difference-0.19%-0.10%-0.01%
Loan Related Closing Cost Difference+$1182+$265+$892
Cost Adjusted Rate Difference-0.12%-0.07%+0.01%
National Star Rating(4)(4)(3.5)
Refinance MortgagesConformingJumbo
Interest Rate Difference-0.35%-0.01%
Loan Related Closing Cost Difference+$483+$483
Cost Adjusted Rate Difference-0.31%-0.00%
Average Star Rating(5)(3.5)

As a summary, Member Home Loan is cheap for Conforming and FHA purchase mortgages. It is similar to other lenders for Jumbo purchase mortgages. For refinancing mortgages, Member Home Loan is cheap for Conforming mortgage refinance. It is similar to other lenders for Jumbo 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 Member Home Loan:

Registered name: Member Home Loan
Registered city and state: Houston, TX, 77065
Regulator: United States Department of Housing and Urban Development (HUD)

* 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 Member Home Loan’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.