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

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  • 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 low ratio of USDA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Tulsa, Tahlequah, Oklahoma City, Bartlesville, and Stillwater among others. We have data for 14 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

    1,311

    Origination Dollar Volume (All Markets)

    $233,435,000
    Show all (7) 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) 1,110 $200,630,000 $180,748 $3,316 2.92%
    Outside of Metro Areas 54 $9,380,000 $173,704 $3,591 3.03%
    Tahlequah, OK (FHA|USDA|VA) 52 $7,240,000 $139,231 $3,250 3.01%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 32 $6,270,000 $195,938 $3,244 2.86%
    Bartlesville, OK (FHA|USDA|VA) 14 $2,220,000 $158,571 $3,443 2.72%
    Stillwater, OK (FHA|USDA|VA) 9 $1,995,000 $221,667 $3,502 2.85%
    Muskogee, OK (FHA|USDA|VA) 16 $1,860,000 $116,250 $2,752 3.30%
    Miami, OK (FHA|USDA|VA) 10 $1,510,000 $151,000 $3,264 2.66%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 4 $920,000 $230,000 $2,059 3.81%
    McAlester, OK (FHA|USDA|VA) 4 $500,000 $125,000 $3,685 2.84%
    Ada, OK (FHA|USDA|VA) 1 $335,000 $335,000 $3,654 2.88%
    Ponca City, OK (FHA|USDA|VA) 3 $285,000 $95,000 $4,363 2.96%
    Duncan, OK (FHA|USDA|VA) 1 $145,000 $145,000 $3,966 3.25%
    Woodward, OK (FHA|USDA|VA) 1 $145,000 $145,000 $3,047 2.25%
    Ttcu Federal Credit Union's top markets include Tulsa, Tahlequah, Oklahoma City, Bartlesville, and Stillwater among others.

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

    Municipal Employees Credit Union of Oklahoma City
    Similarity Rank: 208
    RED CROWN
    Similarity Rank: 360
    WEOKIE
    Similarity Rank: 432
    OKLAHOMA CENTRAL Credit Union
    Similarity Rank: 450
    First Oklahoma Mortgage, LLC
    Similarity Rank: 540
    TRUE SKY
    Similarity Rank: 550
    ALLEGIANCE
    Similarity Rank: 657
    CWM PARTNERS, L.P.
    Similarity Rank: 666
    InterBank
    Similarity Rank: 841
    Tulsa Federal Credit Union
    Similarity Rank: 950

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,260 $224,370,000 $178,071 $3,244 2.94%
    VA 28 $5,460,000 $195,000 $5,057 2.76%
    USDA 13 $2,045,000 $157,308 $4,788 2.76%
    FHA 10 $1,560,000 $156,000 $5,878 2.76%

    For 2021, Ttcu Federal Credit Union's most frequently originated type of loan was Conventional, with 1,260 originations. Their 2nd most popular type was VA, with 28 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 552 $98,880,000 $179,130 $3,377 2.71%
    Home Purchase 377 $76,705,000 $203,462 $3,610 2.96%
    Home Improvement 226 $27,950,000 $123,673 $2,448 3.53%
    Cash Out Refi 156 $29,900,000 $191,667 $3,675 2.77%

    For 2021, Ttcu Federal Credit Union's most frequently cited loan purpose was Refi, with 552 originations. The 2nd most popular reason was Home Purchase, with 377 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 697 $144,245,000 $206,951 $3,665 2.95%
    15 Year 389 $54,295,000 $139,576 $2,870 2.88%
    20 Year 154 $27,800,000 $180,519 $3,469 2.76%
    10 Year 41 $3,305,000 $80,610 $1,912 3.52%
    Other 19 $3,525,000 $185,526 $3,441 2.70%
    5 Year 11 $265,000 $24,091 $138 4.19%

    For 2021, Ttcu Federal Credit Union's most frequently cited loan duration was 30 Year, with 697 originations. The 2nd most popular length was 15 Year, with 389 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 911 $153,945,000 $168,985
    $1k-2k 377 $72,095,000 $191,233
    $2k-3k 15 $3,545,000 $236,333
    $3k-4k 5 $1,305,000 $261,000
    $5k+ 2 $1,990,000 $995,000
    $4k-5k 1 $555,000 $555,000

    Ttcu Federal Credit Union's average total fees were $3,665, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 911 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 638 $125,930,000 $197,382
    <2.5% 345 $56,025,000 $162,391
    3-4% 247 $46,845,000 $189,656
    4-5% 40 $2,300,000 $57,500
    5-6% 35 $1,995,000 $57,000
    6-7% 6 $340,000 $56,667

    During 2021, Ttcu Federal Credit Union's average interest rate for loans was 2.95%, while their most frequently originated rate bucket for loans was 2.5-3%, with 638 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 632 $93,800,000 $148,418 $3,356 2.80%
    $200k-400k 365 $98,245,000 $269,164 $3,840 2.81%
    $100,000 or less 271 $17,885,000 $65,996 $2,332 3.39%
    $400k-600k 36 $17,630,000 $489,722 $4,320 2.83%
    $600k-1MM 6 $4,470,000 $745,000 $4,640 3.33%
    $1MM+ 1 $1,405,000 $1,405,000 $12,616 3.38%

    2021 saw Ttcu Federal Credit Union place emphasis on $100k-200k loans with 632 originations, totaling $93,800,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 318 $62,450,000 $196,384 $3,310 2.97%
    $50k-75k 306 $43,860,000 $143,333 $3,283 2.90%
    $75k-100k 244 $41,110,000 $168,484 $3,363 2.91%
    $50k or less 229 $25,405,000 $110,939 $3,155 2.89%
    $150k-250k 166 $42,480,000 $255,904 $3,421 2.91%
    $250k+ 45 $17,535,000 $389,667 $3,837 3.30%

    Ttcu Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 318 originations. The second most popular income band? $50k-75k, with 306 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 407 $74,635,000 $183,378 $3,371 2.92%
    30-36% 294 $53,990,000 $183,639 $3,342 2.93%
    <20% 184 $28,270,000 $153,641 $3,077 2.88%
    42% 83 $14,835,000 $178,735 $3,348 2.95%
    38% 66 $11,800,000 $178,788 $3,312 2.95%
    41% 62 $11,840,000 $190,968 $3,375 3.04%
    36% 53 $8,185,000 $154,434 $3,033 3.03%
    39% 51 $8,925,000 $175,000 $3,566 2.92%
    40% 51 $9,515,000 $186,569 $3,357 2.87%
    37% 49 $9,375,000 $191,327 $3,594 3.08%
    43% 1 $145,000 $145,000 $2,911 2.75%
    50-60% 1 $195,000 $195,000 $3,624 2.88%

    Ttcu Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 407 originations. The next most common DTI ratio? 30-36%, with 294 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,060 $193,670,000 $182,708 $3,326 2.91%
    American Indian 166 $26,490,000 $159,578 $3,344 3.03%
    Black 37 $4,925,000 $133,108 $2,927 3.09%
    Not provided 28 $4,670,000 $166,786 $3,225 2.84%
    Asian 18 $3,170,000 $176,111 $3,590 2.91%
    Other Asian 1 $305,000 $305,000 $3,089 2.38%
    Asian Indian 1 $205,000 $205,000 $3,243 2.63%

    Approval Rates

    Total approvals of all applications
    93.13%

    Ttcu Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    79.56%

    Ttcu Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,311 $233,435,000 $178,059

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,311 $233,435,000 $178,059

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 79 $7,345,000 $92,975 $2,318 3.42%
    40-60% 180 $27,760,000 $154,222 $3,273 2.67%
    60-80% 566 $107,880,000 $190,601 $3,391 2.78%
    80-100% 431 $87,865,000 $203,863 $3,783 2.89%
    Over 100% 2 $390,000 $195,000 $8,550 2.56%
    Under 20% 53 $2,195,000 $41,415 $233 5.06%