Tulsa Federal Credit Union Mortgage Rates, Fees & Info

Tulsa, OK

LEI: 254900AASWOQ6SVWCG44

Tax ID: 73-0582491

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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

    Tulsa Federal Credit Union is a smaller credit union specializing in Home Improvement, Home Purchase, and Refi loans. Tulsa Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Tulsa, Oklahoma City, Stillwater, Bartlesville, and Mcalester among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Tulsa Federal Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Tulsa Federal Credit Union is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.31% 12/16/24
    30 Year Conventional Purchase 7.01% 12/16/24
    30 Year Conventional Refi 6.57% 12/16/24
    30 Year Cash-out Refi 6.82% 12/16/24
    15 Year Conventional Purchase 5.96% 12/16/24
    15 Year Conventional Refi 6.19% 12/16/24
    15 Year Cash-out Refi 6.19% 12/16/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Tulsa Federal Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Tulsa Federal Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    411

    Origination Dollar Volume (All Markets)

    $52,995,000

    Awards

    Tulsa Federal Credit Union 30 Year Conventional Loans gold
    Show all (1) awards

    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
    TULSA, OK (FHA|USDA|VA) 387 $49,915,000 $128,979 $2,559 4.21%
    Outside of Metro Areas 11 $1,655,000 $150,455 $2,592 3.86%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 3 $465,000 $155,000 $1,466 3.38%
    Stillwater, OK (FHA|USDA|VA) 2 $350,000 $175,000 $2,697 4.00%
    Bartlesville, OK (FHA|USDA|VA) 4 $310,000 $77,500 $1,484 5.78%
    McAlester, OK (FHA|USDA|VA) 1 $125,000 $125,000 $3,120 3.38%
    Muskogee, OK (FHA|USDA|VA) 1 $85,000 $85,000 $0 5.25%
    Miami, OK (FHA|USDA|VA) 1 $65,000 $65,000 $2,407 4.38%
    FORT SMITH, AR-OK (FHA|USDA|VA) 1 $25,000 $25,000 $0 3.75%
    Tulsa Federal Credit Union's top markets include Tulsa, Oklahoma City, Stillwater, Bartlesville, and Mcalester among others.

    Their top states include:
  • Oklahoma (FHA|USDA|VA)
  • (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Tulsa Federal Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    RED CROWN
    Similarity Rank: 408
    MORTGAGE CLEARING CORPORATION
    Similarity Rank: 437
    OKLAHOMA CENTRAL Credit Union
    Similarity Rank: 456
    SpiritBank
    Similarity Rank: 606
    OKLAHOMA'S
    Similarity Rank: 684
    Tulsa Federal Credit Union
    Similarity Rank: 819
    Central Bank of Oklahoma
    Similarity Rank: 888
    Armstrong Bank
    Similarity Rank: 1247
    TTCU Federal Credit Union
    Similarity Rank: 1430
    Mabrey Bank
    Similarity Rank: 1564

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 253 $41,315,000 $163,300 $2,541 3.90%
    HELOC 157 $11,475,000 $73,089 n/a 4.72%
    Reverse Mortgage 1 $205,000 $205,000 $0 3.88%

    For 2020, Tulsa Federal Credit Union's most frequently originated type of loan was Conventional, with 253 originations. Their 2nd most popular type was HELOC, with 157 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 147 $12,155,000 $82,687 $1,879 4.72%
    Home Purchase 128 $21,340,000 $166,719 $2,958 3.94%
    Cash Out Refi 70 $7,510,000 $107,286 $1,952 4.31%
    Refi 64 $11,650,000 $182,031 $2,338 3.48%
    Other 1 $205,000 $205,000 $0 3.75%
    NA 1 $135,000 $135,000 $0 4.25%

    For 2020, Tulsa Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 147 originations. The 2nd most popular reason was Home Purchase, with 128 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 170 $14,010,000 $82,412 $2,873 4.53%
    30 Year 154 $29,810,000 $193,571 $3,044 3.82%
    10 Year 50 $4,460,000 $89,200 $694 4.26%
    15 Year 34 $4,110,000 $120,882 $2,472 4.31%
    Other 3 $605,000 $201,667 $663 4.33%

    For 2020, Tulsa Federal Credit Union's most frequently cited loan duration was 20 Year, with 170 originations. The 2nd most popular length was 30 Year, with 154 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 252 $41,050,000 $162,897
    $3k-4k 1 $265,000 $265,000

    Tulsa Federal Credit Union's average total fees were $3,044, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 252 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 197 $32,875,000 $166,878
    4-5% 109 $11,835,000 $108,578
    5-6% 46 $3,030,000 $65,870
    2.5-3% 32 $3,950,000 $123,438
    6-7% 16 $800,000 $50,000
    7-8% 7 $345,000 $49,286
    Over 8% 4 $160,000 $40,000

    During 2020, Tulsa Federal Credit Union's average interest rate for loans was 3.82%, while their most frequently originated rate bucket for loans was 3-4%, with 197 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 185 $10,065,000 $54,405 $1,646 4.70%
    $100k-200k 161 $23,395,000 $145,311 $2,617 3.83%
    $200k-400k 55 $14,235,000 $258,818 $3,248 3.78%
    $400k-600k 8 $3,680,000 $460,000 $3,751 3.77%
    $600k-1MM 2 $1,620,000 $810,000 $4,209 3.38%

    2020 saw Tulsa Federal Credit Union place emphasis on $100,000 or less loans with 185 originations, totaling $10,065,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 108 $12,970,000 $120,093 $2,607 4.02%
    $100k-150k 99 $13,185,000 $133,182 $2,262 4.18%
    $50k or less 83 $7,755,000 $93,434 $2,645 4.24%
    $75k-100k 61 $7,325,000 $120,082 $2,628 4.37%
    $150k-250k 42 $6,250,000 $148,810 $2,285 4.61%
    $250k+ 15 $5,285,000 $352,333 $3,169 3.86%

    Tulsa Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 108 originations. The second most popular income band? $100k-150k, with 99 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 120 $14,800,000 $123,333 $2,483 4.04%
    30-36% 87 $11,665,000 $134,080 $2,873 4.21%
    <20% 83 $11,095,000 $133,675 $2,481 4.02%
    36% 21 $2,445,000 $116,429 $2,596 4.61%
    41% 16 $2,520,000 $157,500 $2,678 4.40%
    39% 16 $2,320,000 $145,000 $2,462 4.33%
    38% 14 $1,980,000 $141,429 $2,193 4.96%
    42% 14 $1,430,000 $102,143 $2,379 4.86%
    37% 11 $895,000 $81,364 $1,967 4.32%
    40% 9 $1,295,000 $143,889 $2,437 4.85%
    43% 5 $735,000 $147,000 $3,103 4.05%
    50-60% 5 $485,000 $97,000 $1,267 4.10%
    45% 2 $100,000 $50,000 $0 4.25%
    47% 2 $440,000 $220,000 $1,859 3.44%
    44% 1 $255,000 $255,000 $3,349 3.88%
    >60% 1 $105,000 $105,000 $2,584 3.13%
    49% 1 $85,000 $85,000 $2,481 3.88%

    Tulsa Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 120 originations. The next most common DTI ratio? 30-36%, with 87 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 284 $38,760,000 $136,479 $2,623 4.09%
    American Indian 42 $5,720,000 $136,190 $2,706 4.07%
    Not provided 58 $4,780,000 $82,414 $1,148 4.95%
    Black 12 $1,710,000 $142,500 $2,435 4.02%
    Asian 9 $1,415,000 $157,222 $2,851 4.21%
    Not applicable 5 $455,000 $91,000 $2,716 4.23%
    Native Hawaiian or Islander 1 $155,000 $155,000 $2,874 4.25%

    Approval Rates

    Total approvals of all applications
    86.96%

    Tulsa Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    40.88%

    Tulsa Federal Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 2 $80,000 $40,000
    NA 409 $52,915,000 $129,377

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 411 $52,995,000 $128,942

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 88 $6,470,000 $73,523 $1,093 4.68%
    40-60% 41 $5,525,000 $134,756 $2,268 3.76%
    60-80% 66 $11,490,000 $174,091 $2,519 3.62%
    80-100% 148 $27,080,000 $182,973 $2,971 3.91%
    Under 20% 68 $2,430,000 $35,735 $483 5.11%