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 Refi and 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 Bartlesville among others. We have data for 13 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

    1,595

    Origination Dollar Volume (All Markets)

    $298,695,000
    Show all (10) 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) 1,357 $255,755,000 $188,471 $3,190 3.10%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 58 $13,370,000 $230,517 $3,312 2.91%
    Outside of Metro Areas 56 $10,250,000 $183,036 $3,073 3.15%
    Tahlequah, OK (FHA|USDA|VA) 62 $9,820,000 $158,387 $3,206 3.32%
    Muskogee, OK (FHA|USDA|VA) 26 $3,460,000 $133,077 $2,975 3.46%
    Bartlesville, OK (FHA|USDA|VA) 13 $1,845,000 $141,923 $3,400 3.11%
    Stillwater, OK (FHA|USDA|VA) 4 $1,100,000 $275,000 $5,905 2.84%
    McAlester, OK (FHA|USDA|VA) 4 $920,000 $230,000 $4,060 2.69%
    Miami, OK (FHA|USDA|VA) 7 $715,000 $102,143 $2,844 2.88%
    FORT SMITH, AR-OK (FHA|USDA|VA) 4 $680,000 $170,000 $3,289 3.06%
    Ponca City, OK (FHA|USDA|VA) 2 $510,000 $255,000 $4,235 3.50%
    LAWTON, OK (FHA|USDA|VA) 1 $255,000 $255,000 $3,655 3.00%
    Guymon, OK (FHA|USDA|VA) 1 $15,000 $15,000 $115 3.75%
    Ttcu Federal Credit Union's top markets include Tulsa, Oklahoma City, Tahlequah, Muskogee, and Bartlesville 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.

    TRUE SKY
    Similarity Rank: 168
    RED CROWN
    Similarity Rank: 408
    WEOKIE
    Similarity Rank: 420
    ALLEGIANCE
    Similarity Rank: 432
    OKLAHOMA CENTRAL Credit Union
    Similarity Rank: 456
    Republic Bank & Trust
    Similarity Rank: 512
    SpiritBank
    Similarity Rank: 606
    Tulsa Federal Credit Union
    Similarity Rank: 819
    US Employees O.C. Federal Credit Union
    Similarity Rank: 836
    Municipal Employees Credit Union of Oklahoma City
    Similarity Rank: 880

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,527 $285,835,000 $187,187 $3,114 3.11%
    VA 34 $7,720,000 $227,059 $5,141 3.08%
    FHA 19 $3,085,000 $162,368 $5,579 2.99%
    USDA 15 $2,055,000 $137,000 $4,429 3.03%

    For 2020, Ttcu Federal Credit Union's most frequently originated type of loan was Conventional, with 1,527 originations. Their 2nd most popular type was VA, with 34 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 769 $151,105,000 $196,495 $3,320 2.94%
    Home Purchase 403 $83,595,000 $207,432 $3,632 3.04%
    Cash Out Refi 236 $44,250,000 $187,500 $3,227 3.04%
    Home Improvement 187 $19,745,000 $105,588 $1,707 4.01%

    For 2020, Ttcu Federal Credit Union's most frequently cited loan purpose was Refi, with 769 originations. The 2nd most popular reason was Home Purchase, with 403 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 839 $182,285,000 $217,265 $3,628 3.05%
    15 Year 477 $68,445,000 $143,491 $2,641 3.20%
    20 Year 218 $42,100,000 $193,119 $3,243 2.89%
    10 Year 32 $2,170,000 $67,813 $1,069 4.32%
    Other 15 $3,305,000 $220,333 $3,401 2.83%
    5 Year 14 $390,000 $27,857 $145 3.85%

    For 2020, Ttcu Federal Credit Union's most frequently cited loan duration was 30 Year, with 839 originations. The 2nd most popular length was 15 Year, with 477 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,351 $240,645,000 $178,124
    $1k-2k 215 $47,935,000 $222,953
    $2k-3k 17 $5,535,000 $325,588
    $3k-4k 5 $1,645,000 $329,000
    $5k+ 4 $1,680,000 $420,000
    $4k-5k 3 $1,255,000 $418,333

    Ttcu Federal Credit Union's average total fees were $3,628, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,351 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 954 $186,130,000 $195,105
    3-4% 405 $85,125,000 $210,185
    <2.5% 119 $21,005,000 $176,513
    4-5% 60 $3,500,000 $58,333
    5-6% 51 $2,635,000 $51,667
    6-7% 6 $300,000 $50,000

    During 2020, Ttcu Federal Credit Union's average interest rate for loans was 3.05%, while their most frequently originated rate bucket for loans was 2.5-3%, with 954 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 722 $106,680,000 $147,756 $3,217 2.97%
    $200k-400k 485 $130,035,000 $268,113 $3,672 2.93%
    $100,000 or less 310 $20,500,000 $66,129 $1,974 3.70%
    $400k-600k 60 $27,520,000 $458,667 $4,915 2.98%
    $600k-1MM 16 $11,470,000 $716,875 $5,057 3.20%
    $1MM+ 2 $2,490,000 $1,245,000 $3,826 3.25%

    2020 saw Ttcu Federal Credit Union place emphasis on $100k-200k loans with 722 originations, totaling $106,680,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 393 $81,035,000 $206,196 $3,304 3.07%
    $50k-75k 346 $48,180,000 $139,249 $2,946 3.17%
    $75k-100k 318 $54,430,000 $171,164 $3,253 3.05%
    $50k or less 248 $27,190,000 $109,637 $2,858 3.17%
    $150k-250k 234 $65,560,000 $280,171 $3,523 3.07%
    $250k+ 53 $21,865,000 $412,547 $3,758 3.17%

    Ttcu Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 393 originations. The second most popular income band? $50k-75k, with 346 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 539 $96,175,000 $178,432 $3,138 3.07%
    30-36% 351 $65,545,000 $186,738 $3,215 3.14%
    <20% 247 $42,985,000 $174,028 $3,069 2.95%
    41% 69 $12,865,000 $186,449 $3,519 3.20%
    40% 64 $13,080,000 $204,375 $3,233 3.18%
    39% 63 $13,035,000 $206,905 $3,211 3.17%
    37% 62 $10,450,000 $168,548 $3,028 3.28%
    42% 61 $11,705,000 $191,885 $3,297 3.23%
    36% 56 $13,510,000 $241,250 $3,376 3.13%
    38% 55 $13,015,000 $236,636 $3,512 3.17%
    43% 5 $1,085,000 $217,000 $3,419 3.48%
    >60% 4 $1,770,000 $442,500 $4,254 3.25%
    47% 2 $250,000 $125,000 $3,120 3.00%
    44% 1 $85,000 $85,000 $2,718 3.25%
    45% 1 $155,000 $155,000 $2,991 2.75%

    Ttcu Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 539 originations. The next most common DTI ratio? 30-36%, with 351 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,322 $249,860,000 $189,002 $3,192 3.10%
    American Indian 195 $33,035,000 $169,410 $3,328 3.10%
    Black 41 $7,245,000 $176,707 $2,771 3.27%
    Asian 28 $6,530,000 $233,214 $3,161 3.19%
    Not provided 4 $870,000 $217,500 $2,538 3.66%
    Asian Indian 2 $660,000 $330,000 $3,582 2.88%
    Not applicable 1 $255,000 $255,000 $4,004 2.25%
    Native Hawaiian or Islander 2 $240,000 $120,000 $2,934 3.13%

    Approval Rates

    Total approvals of all applications
    92.25%

    Ttcu Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    73.29%

    Ttcu Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,595 $298,695,000 $187,270

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 1,595 $298,695,000 $187,270

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 88 $6,590,000 $74,886 $1,430 3.95%
    40-60% 181 $26,535,000 $146,602 $3,029 2.91%
    60-80% 666 $131,810,000 $197,913 $3,234 2.96%
    80-100% 608 $131,290,000 $215,938 $3,691 3.03%
    Over 100% 3 $665,000 $221,667 $7,450 3.29%
    Under 20% 49 $1,805,000 $36,837 $102 5.18%