Ttcu Federal Credit Union Mortgage Rates, Fees & Info

Tulsa, OK

LEI: 254900F8XCJE1G9OYR92

Tax ID: 73-0489468

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

    Ttcu Federal Credit Union is a smaller credit union specializing in Home Purchase loans. Ttcu Federal Credit Union has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Tulsa, Oklahoma City, Tahlequah, Muskogee, and Shawnee among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Ttcu Federal 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. Ttcu 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
    30 Year Conventional Purchase 6.68% 11/17/24
    30 Year Conventional Refi 6.45% 11/17/24
    30 Year Cash-out Refi 6.69% 11/17/24
    30 Year FHA Purchase 6.50% 11/17/24
    30 Year VA Purchase 6.59% 11/17/24
    30 Year VA Refi 6.27% 11/17/24
    30 Year USDA Purchase 6.62% 11/17/24
    15 Year Conventional Purchase 6.32% 11/17/24
    15 Year Conventional Refi 6.21% 11/17/24
    15 Year Cash-out Refi 6.21% 11/17/24
    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.

    Ttcu 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 Ttcu 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

    374

    Origination Dollar Volume (All Markets)

    $54,480,000
    Show all (5) 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) 333 $49,385,000 $148,303 $2,591 4.96%
    Outside of Metro Areas 13 $1,745,000 $134,231 $2,101 5.08%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 8 $1,230,000 $153,750 $2,815 4.67%
    Tahlequah, OK (FHA|USDA|VA) 9 $1,205,000 $133,889 $3,093 4.63%
    Muskogee, OK (FHA|USDA|VA) 6 $440,000 $73,333 $2,547 5.56%
    Shawnee, OK (FHA|USDA|VA) 1 $165,000 $165,000 $3,025 4.25%
    Miami, OK (FHA|USDA|VA) 2 $150,000 $75,000 $2,770 4.13%
    Ardmore, OK (FHA|USDA|VA) 1 $95,000 $95,000 $2,747 4.75%
    Bartlesville, OK (FHA|USDA|VA) 1 $65,000 $65,000 $115 7.00%
    Ttcu Federal Credit Union's top markets include Tulsa, Oklahoma City, Tahlequah, Muskogee, and Shawnee among others.

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

    • Similar Lenders

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

    Tulsa Federal Credit Union
    Similarity Rank: 42
    RED CROWN
    Similarity Rank: 66
    Municipal Employees Credit Union of Oklahoma City
    Similarity Rank: 89
    WEOKIE
    Similarity Rank: 120
    Armstrong Bank
    Similarity Rank: 126
    First Fidelity Bank
    Similarity Rank: 180
    MORTGAGE CLEARING CORPORATION
    Similarity Rank: 192
    TRUE SKY
    Similarity Rank: 240
    Central Bank of Oklahoma
    Similarity Rank: 294
    TTCU Federal Credit Union
    Similarity Rank: 297

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 350 $50,490,000 $144,257 $2,449 4.99%
    VA 13 $2,375,000 $182,692 $4,213 4.46%
    FHA 6 $970,000 $161,667 $5,257 4.48%
    USDA 5 $645,000 $129,000 $4,095 4.73%

    For 2018, Ttcu Federal Credit Union's most frequently originated type of loan was Conventional, with 350 originations. Their 2nd most popular type was VA, with 13 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 235 $38,525,000 $163,936 $3,130 4.72%
    Refi 57 $10,325,000 $181,140 $2,723 4.79%
    Home Improvement 56 $3,080,000 $55,000 $586 5.93%
    Cash Out Refi 26 $2,550,000 $98,077 $1,705 5.42%

    For 2018, Ttcu Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 235 originations. The 2nd most popular reason was Refi, with 57 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 223 $40,605,000 $182,085 $3,220 4.62%
    15 Year 104 $9,400,000 $90,385 $1,668 5.58%
    10 Year 17 $865,000 $50,882 $281 5.79%
    20 Year 14 $2,410,000 $172,143 $3,061 4.46%
    5 Year 13 $585,000 $45,000 $323 5.32%
    Other 3 $615,000 $205,000 $3,187 4.67%

    For 2018, Ttcu Federal Credit Union's most frequently cited loan duration was 30 Year, with 223 originations. The 2nd most popular length was 15 Year, with 104 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 298 $41,590,000 $139,564
    $1k-2k 53 $10,115,000 $190,849
    $2k-3k 6 $1,510,000 $251,667

    Ttcu Federal Credit Union's average total fees were $3,220, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 298 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 267 $47,115,000 $176,461
    5-6% 54 $3,520,000 $65,185
    6-7% 30 $1,340,000 $44,667
    3-4% 14 $2,210,000 $157,857
    7-8% 9 $295,000 $32,778

    During 2018, Ttcu Federal Credit Union's average interest rate for loans was 4.62%, while their most frequently originated rate bucket for loans was 4-5%, with 267 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 144 $7,960,000 $55,278 $1,433 5.58%
    $100k-200k 141 $20,775,000 $147,340 $3,040 4.59%
    $200k-400k 78 $20,440,000 $262,051 $3,530 4.55%
    $400k-600k 9 $4,095,000 $455,000 $3,525 4.42%
    $600k-1MM 2 $1,210,000 $605,000 $3,962 4.69%

    2018 saw Ttcu Federal Credit Union place emphasis on $100,000 or less loans with 144 originations, totaling $7,960,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 102 $12,530,000 $122,843 $2,791 4.91%
    $100k-150k 94 $16,730,000 $177,979 $2,618 4.99%
    $75k-100k 70 $9,000,000 $128,571 $2,485 5.07%
    $50k or less 57 $4,815,000 $84,474 $2,343 4.86%
    $150k-250k 37 $8,235,000 $222,568 $2,387 4.99%
    $250k+ 14 $3,170,000 $226,429 $2,914 4.87%

    Ttcu Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 102 originations. The second most popular income band? $100k-150k, with 94 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 121 $16,795,000 $138,802 $2,487 4.96%
    30-36% 94 $13,150,000 $139,894 $2,606 5.01%
    <20% 42 $4,770,000 $113,571 $2,078 5.04%
    42% 19 $3,895,000 $205,000 $3,055 4.87%
    39% 18 $2,410,000 $133,889 $2,769 5.04%
    41% 17 $2,495,000 $146,765 $2,462 4.99%
    37% 17 $2,695,000 $158,529 $2,713 4.73%
    36% 17 $3,265,000 $192,059 $3,474 4.82%
    38% 13 $1,795,000 $138,077 $2,298 4.97%
    40% 13 $2,545,000 $195,769 $3,034 4.72%
    43% 2 $300,000 $150,000 $2,468 5.81%
    >60% 1 $365,000 $365,000 $3,623 4.75%

    Ttcu Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 121 originations. The next most common DTI ratio? 30-36%, with 94 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 322 $47,510,000 $147,547 $2,579 4.96%
    American Indian 29 $3,735,000 $128,793 $2,692 5.06%
    Not provided 6 $1,430,000 $238,333 $2,858 4.81%
    Black 10 $1,130,000 $113,000 $2,604 4.61%
    Asian 6 $660,000 $110,000 $2,496 5.08%
    Native Hawaiian or Islander 1 $15,000 $15,000 $115 5.88%

    Approval Rates

    Total approvals of all applications
    90.34%

    Ttcu Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.36%

    Ttcu Federal Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 374 $54,480,000 $145,668

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 374 $54,480,000 $145,668

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 37 $2,035,000 $55,000 $563 6.18%
    40-60% 30 $3,790,000 $126,333 $2,329 4.88%
    60-80% 78 $14,510,000 $186,026 $2,852 4.69%
    80-100% 189 $32,705,000 $173,042 $3,176 4.57%
    Over 100% 2 $280,000 $140,000 $5,111 4.69%
    Under 20% 38 $1,160,000 $30,526 $130 6.33%