Telco Triad Community Credit Union Mortgage Rates, Fees & Info

Sioux City, IA

LEI: 2549008TF4FG4ON44F19

Tax ID: 42-0678833

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Telco Triad Community Credit Union is a smaller credit union specializing in Cash Out Refi, 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 Spirit Lake 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.

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    Originations

    68

    Origination Dollar Volume (All Markets)

    $8,540,000

    Top 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) 59 $6,965,000 $118,051 $0 0.00%
    Outside of Metro Areas 6 $700,000 $116,667 $0 0.00%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 2 $670,000 $335,000 $0 0.00%
    Spirit Lake, IA (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
    Telco Triad Community Credit Union's top markets include Sioux City, Omaha, and Spirit Lake among others.

    Their top states include:
  • Iowa (FHA|USDA|VA)
  • South Dakota (FHA|USDA|VA)
  • Nebraska (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 68 $8,540,000 $125,588 $0 0.00%

    For 2022, Telco Triad Community Credit Union's most frequently originated type of loan was Conventional, with 68 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 26 $2,690,000 $103,462 $0 0.00%
    Refi 23 $2,725,000 $118,478 $0 0.00%
    Home Purchase 19 $3,125,000 $164,474 $0 0.00%

    For 2022, Telco Triad Community Credit Union's most frequently cited loan purpose was Cash Out Refi, with 26 originations. The 2nd most popular reason was Refi, with 23 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 68 $8,540,000 $125,588 $0 0.00%

    For 2022, Telco Triad Community Credit Union's most frequently cited loan duration was Other, with 68 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 31 $1,815,000 $58,548 $0 0.00%
    $100k-200k 27 $3,755,000 $139,074 $0 0.00%
    $200k-400k 8 $2,070,000 $258,750 $0 0.00%
    $400k-600k 2 $900,000 $450,000 $0 0.00%

    2022 saw Telco Triad Community Credit Union place emphasis on $100,000 or less loans with 31 originations, totaling $1,815,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 17 $1,515,000 $89,118 $0 0.00%
    $50k-75k 16 $1,570,000 $98,125 $0 0.00%
    $100k-150k 15 $2,255,000 $150,333 $0 0.00%
    $75k-100k 14 $1,930,000 $137,857 $0 0.00%
    $150k-250k 4 $570,000 $142,500 $0 0.00%
    $250k+ 1 $485,000 $485,000 $0 0.00%

    Telco Triad Community Credit Union lent most frequently to those with incomes in the $50k or less range, with 17 originations. The second most popular income band? $50k-75k, with 16 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 68 $8,540,000 $125,588 $0 0.00%

    Telco Triad Community Credit Union lent most frequently to those with DTI ratios of Exempt%, with 68 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 62 $7,860,000 $126,774 $0 0.00%
    Black 4 $540,000 $135,000 $0 0.00%
    Not provided 1 $105,000 $105,000 $0 0.00%
    Vietnamese 1 $35,000 $35,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    98.55%

    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 origination

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 68 $8,540,000 $125,588

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    68 $8,540,000 $125,588