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 and Home Purchase loans. Tulsa Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Tulsa, Stillwater, Muskogee, Tahlequah, and Bartlesville among others. We have data for 10 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 relatively high 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    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

    404

    Origination Dollar Volume (All Markets)

    $48,760,000

    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) 380 $44,890,000 $118,132 $2,697 5.44%
    Outside of Metro Areas 11 $2,345,000 $213,182 $3,306 5.67%
    Stillwater, OK (FHA|USDA|VA) 2 $320,000 $160,000 $3,742 5.69%
    Muskogee, OK (FHA|USDA|VA) 2 $280,000 $140,000 $1,906 5.25%
    Tahlequah, OK (FHA|USDA|VA) 3 $255,000 $85,000 $0 5.83%
    Bartlesville, OK (FHA|USDA|VA) 2 $240,000 $120,000 $0 4.63%
    Shawnee, OK (FHA|USDA|VA) 1 $195,000 $195,000 $3,850 4.50%
    ENID, OK (FHA|USDA|VA) 1 $155,000 $155,000 $6,251 6.75%
    Durant, OK (FHA|USDA|VA) 1 $65,000 $65,000 $826 4.88%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $15,000 $15,000 $0 6.50%
    Tulsa Federal Credit Union's top markets include Tulsa, Stillwater, Muskogee, Tahlequah, and Bartlesville 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: 52
    MORTGAGE CLEARING CORPORATION
    Similarity Rank: 65
    OKLAHOMA CENTRAL Credit Union
    Similarity Rank: 632
    SpiritBank
    Similarity Rank: 684
    Tulsa Federal Credit Union
    Similarity Rank: 700
    TTCU Federal Credit Union
    Similarity Rank: 750
    Tinker Federal Credit Union
    Similarity Rank: 798
    Armstrong Bank
    Similarity Rank: 1180
    VILLAGE CAPITAL MORTGAGE
    Similarity Rank: 1188
    Firstar Bank
    Similarity Rank: 1430

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 249 $36,335,000 $145,924 $2,738 5.72%
    HELOC 155 $12,425,000 $80,161 n/a 5.02%

    For 2022, Tulsa Federal Credit Union's most frequently originated type of loan was Conventional, with 249 originations. Their 2nd most popular type was HELOC, with 155 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 201 $16,315,000 $81,169 $1,066 5.40%
    Home Purchase 89 $18,735,000 $210,506 $3,512 5.50%
    Cash Out Refi 41 $5,205,000 $126,951 $2,610 4.68%
    Other 37 $2,345,000 $63,378 $517 6.91%
    Refi 36 $6,160,000 $171,111 $2,560 5.00%

    For 2022, Tulsa Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 201 originations. The 2nd most popular reason was Home Purchase, with 89 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 219 $18,065,000 $82,489 $2,688 5.51%
    30 Year 120 $24,490,000 $204,083 $3,464 5.20%
    10 Year 33 $2,395,000 $72,576 $516 5.79%
    15 Year 19 $3,105,000 $163,421 $2,188 5.67%
    Other 7 $395,000 $56,429 $541 5.26%
    5 Year 6 $310,000 $51,667 $342 5.83%

    For 2022, Tulsa Federal Credit Union's most frequently cited loan duration was 20 Year, with 219 originations. The 2nd most popular length was 30 Year, with 120 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 167 $28,035,000 $167,874
    $1k-2k 10 $1,940,000 $194,000
    $2k-3k 5 $1,195,000 $239,000
    $3k-4k 2 $420,000 $210,000

    Tulsa Federal Credit Union's average total fees were $3,464, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 167 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 112 $10,880,000 $97,143
    5-6% 102 $14,350,000 $140,686
    3-4% 60 $9,400,000 $156,667
    6-7% 55 $5,805,000 $105,545
    7-8% 53 $5,885,000 $111,038
    Over 8% 10 $610,000 $61,000
    2.5-3% 9 $1,005,000 $111,667

    During 2022, Tulsa Federal Credit Union's average interest rate for loans was 5.20%, while their most frequently originated rate bucket for loans was 4-5%, with 112 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 219 $12,225,000 $55,822 $1,288 5.64%
    $100k-200k 120 $16,700,000 $139,167 $3,123 5.13%
    $200k-400k 56 $14,880,000 $265,714 $3,676 5.45%
    $400k-600k 7 $3,365,000 $480,714 $3,640 4.57%
    $600k-1MM 2 $1,590,000 $795,000 $3,801 7.06%

    2022 saw Tulsa Federal Credit Union place emphasis on $100,000 or less loans with 219 originations, totaling $12,225,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 101 $10,715,000 $106,089 $2,751 5.29%
    $100k-150k 88 $10,360,000 $117,727 $2,349 5.49%
    $75k-100k 83 $10,215,000 $123,072 $2,822 5.25%
    $150k-250k 60 $9,160,000 $152,667 $3,331 5.62%
    $50k or less 50 $4,290,000 $85,800 $2,661 5.60%
    $250k+ 20 $3,830,000 $191,500 $2,455 5.98%

    Tulsa Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 101 originations. The second most popular income band? $100k-150k, with 88 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 107 $12,875,000 $120,327 $2,853 5.25%
    30-36% 76 $10,040,000 $132,105 $2,760 5.46%
    <20% 59 $6,385,000 $108,220 $2,536 4.89%
    40% 22 $2,110,000 $95,909 $2,111 5.70%
    39% 21 $2,395,000 $114,048 $2,489 6.32%
    37% 16 $1,830,000 $114,375 $3,045 5.54%
    38% 16 $2,560,000 $160,000 $2,660 5.65%
    42% 15 $1,415,000 $94,333 $2,682 6.21%
    43% 13 $1,315,000 $101,154 $1,994 5.51%
    41% 12 $1,040,000 $86,667 $2,053 5.43%
    36% 12 $2,140,000 $178,333 $3,076 5.43%
    44% 8 $770,000 $96,250 $2,109 5.78%
    >60% 5 $515,000 $103,000 $0 6.85%
    49% 4 $760,000 $190,000 $3,663 5.16%
    45% 4 $610,000 $152,500 $2,263 5.28%
    46% 3 $765,000 $255,000 $3,606 5.54%
    47% 1 $145,000 $145,000 $3,421 5.63%
    48% 1 $255,000 $255,000 $9,079 7.63%
    50-60% 1 $115,000 $115,000 $0 5.75%

    Tulsa Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 107 originations. The next most common DTI ratio? 30-36%, with 76 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 277 $37,185,000 $134,242 $2,881 5.50%
    Not provided 73 $4,805,000 $65,822 $1,040 5.25%
    American Indian 36 $4,390,000 $121,944 $2,590 5.43%
    Black 12 $920,000 $76,667 $1,700 6.03%
    Asian 3 $535,000 $178,333 $2,781 4.13%
    Other Asian 1 $535,000 $535,000 $5,081 5.88%
    Native Hawaiian or Islander 1 $265,000 $265,000 $2,763 3.75%
    Not applicable 1 $125,000 $125,000 $0 4.50%

    Approval Rates

    Total approvals of all applications
    87.40%

    Tulsa Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    -78.47%

    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 4 $500,000 $125,000
    NA 400 $48,260,000 $120,650

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    404 $48,760,000 $120,693

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 120 $9,810,000 $81,750 $1,030 5.52%
    40-60% 48 $6,690,000 $139,375 $2,858 4.91%
    60-80% 54 $11,060,000 $204,815 $3,202 4.87%
    80-100% 82 $16,620,000 $202,683 $3,517 5.56%
    Under 20% 98 $4,460,000 $45,510 $478 5.81%