AMOCO Federal Credit Union is a member-owned, nonprofit financial institution headquartered in Texas City, Texas. Serving the Gulf Coast region since 1937, AMOCO is recognized for its community focus, competitive rates, and personalized service.
See today’s mortgage interest rates on TrueRate.
How Amoco Federal Credit Union compares to other lenders
| Headquarters | Texas City, Texas |
| Website | amocofcu.org |
| Rate | 0.34% less than the median rate |
| Lender fees | $1,500 (median) |
| Savings after 1 year, compared to the median interest rate | $1,440 |
| Savings after 10 years, compared to the median interest rate | $11,052 |
For a $400,000 mortgage, Amoco Federal Credit Union’s rates— about 0.34% below the market average—and a $1,500 lender fee result in estimated savings of $1,440 in the first year and about $11,052 over 10 years compared to the median lender.
What customers are saying
On Yelp, Amoco holds an average rating of about 3.2 stars from 48 reviews. While a handful of comments mention loan or financial service support, most reviews are not mortgage-specific.
How to compare mortgage lenders
Interest rates. Comparing rates between lenders isn’t always straightforward. Many promote low headline rates that require paying “points” upfront to buy down the interest rate. To make a true comparison, focus on the par rate (0 points) and the APR, which reflects both the interest rate and any lender fees. Even small differences can translate into significant savings over the life of the loan.
Lender fees or loan origination fees. Many lenders charge fees that add thousands to the cost of a loan. It’s important to look at both the rate and the fees together to understand the true cost of borrowing. For a $400,000 mortgage, avoiding even a $1,000 fee could contribute to meaningful savings in the first year and over the long term.
On-time close rate. Most lenders do not publicly share their on-time close rates. However, it’s a critical factor—especially if your home contract has tight deadlines. Asking about their process for meeting close dates, including underwriting and document review timelines, can give you more confidence when choosing a lender.
Pre-approval and offer letters. Some lenders offer fast pre-qualifications that may not be fully underwritten, which can weaken your offer in competitive markets. It’s important to ask whether a lender’s pre-approvals are fully underwritten and how credible their letters are when presented with an offer.
Customer satisfaction. If detailed customer review data isn’t readily available, check third-party review sites or ask the lender for references. It’s important to understand how they handle communication, responsiveness, and issue resolution throughout the loan process.
Employee reviews. Company culture often influences how clients are treated. A lender with strong employee satisfaction typically delivers better service, more organized processing, and a smoother overall experience for borrowers.
To better understand how we compare mortgage rates fairly, see our TrueRate Methodology.
If you’re ready to start your journey to homeownership, get pre-approved with Tomo Mortgage today.
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