Telco Triad Community Credit Union Mortgage Rates, Fees & Info
Sioux City, IALEI: 2549008TF4FG4ON44F19
Tax ID: 42-0678833
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Telco Triad Community Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Telco Triad Community Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Sioux City, Omaha, and Spencer among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Telco Triad Community Credit Union has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
67Origination Dollar Volume (All Markets)
$4,245,000Top 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 |
|---|---|---|---|---|---|
| SIOUX CITY, IA-NE-SD (FHA|USDA|VA) | 55 | $3,555,000 | $64,636 | $0 | 0.00% |
| Outside of Metro Areas | 10 | $540,000 | $54,000 | $0 | 0.00% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| Spencer, IA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 67 | $4,245,000 | $63,358 | $0 | 0.00% |
For 2024, Telco Triad Community Credit Union's most frequently originated type of loan was Conventional, with 67 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 52 | $2,940,000 | $56,538 | $0 | 0.00% |
| Refi | 8 | $360,000 | $45,000 | $0 | 0.00% |
| Home Purchase | 7 | $945,000 | $135,000 | $0 | 0.00% |
For 2024, Telco Triad Community Credit Union's most frequently cited loan purpose was Cash Out Refi, with 52 originations. The 2nd most popular reason was Refi, with 8 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 67 | $4,245,000 | $63,358 | $0 | 0.00% |
For 2024, Telco Triad Community Credit Union's most frequently cited loan duration was Other, with 67 originations.
Loan Sizing
2024 saw Telco Triad Community Credit Union place emphasis on $100,000 or less loans with 57 originations, totaling $2,675,000 in origination value.
Applicant Income
Telco Triad Community Credit Union lent most frequently to those with incomes in the $50k-75k range, with 22 originations. The second most popular income band? $75k-100k, with 20 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 67 | $4,245,000 | $63,358 | $0 | 0.00% |
Telco Triad Community Credit Union lent most frequently to those with DTI ratios of Exempt%, with 67 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 65 | $3,995,000 | $61,462 | $0 | 0.00% |
| Asian | 2 | $250,000 | $125,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications95.40%
Telco Triad Community Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination76.12%
Telco Triad Community Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 67 | $4,245,000 | $63,358 |