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 Improvement 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 Ada among others. We have data for 10 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 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.

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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

    832

    Origination Dollar Volume (All Markets)

    $116,070,000

    Awards

    TTCU Federal Credit Union 30 Year Conventional Loans gold TTCU Federal Credit Union 30 Year Conventional Loans gold TTCU Federal Credit Union 30 Year Conventional Loans silver
    Show all (3) 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) 722 $100,900,000 $139,751 $3,390 5.55%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 34 $4,850,000 $142,647 $3,528 5.62%
    Outside of Metro Areas 21 $3,495,000 $166,429 $3,701 5.07%
    Tahlequah, OK (FHA|USDA|VA) 27 $3,115,000 $115,370 $3,603 5.54%
    Muskogee, OK (FHA|USDA|VA) 13 $1,285,000 $98,846 $2,212 5.87%
    Ada, OK (FHA|USDA|VA) 1 $695,000 $695,000 $4,136 6.00%
    Bartlesville, OK (FHA|USDA|VA) 4 $690,000 $172,500 $4,853 5.19%
    Stillwater, OK (FHA|USDA|VA) 5 $515,000 $103,000 $2,318 5.63%
    Miami, OK (FHA|USDA|VA) 4 $270,000 $67,500 $3,318 5.84%
    Woodward, OK (FHA|USDA|VA) 1 $255,000 $255,000 $3,920 3.63%
    Ttcu Federal Credit Union's top markets include Tulsa, Oklahoma City, Tahlequah, Muskogee, and Ada among others.

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

    RED CROWN
    Similarity Rank: 52
    MORTGAGE CLEARING CORPORATION
    Similarity Rank: 65
    WEOKIE
    Similarity Rank: 165
    ALLEGIANCE
    Similarity Rank: 176
    TRUE SKY
    Similarity Rank: 192
    Vision Bank
    Similarity Rank: 300
    Municipal Employees Credit Union of Oklahoma City
    Similarity Rank: 369
    OKLAHOMA CENTRAL Credit Union
    Similarity Rank: 632
    SpiritBank
    Similarity Rank: 684
    Tulsa Federal Credit Union
    Similarity Rank: 700

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 436 $80,610,000 $184,885 $3,335 5.26%
    HELOC 384 $33,260,000 $86,615 n/a 5.88%
    FHA 5 $945,000 $189,000 $6,426 5.48%
    VA 4 $810,000 $202,500 $5,208 5.03%
    USDA 3 $445,000 $148,333 $5,038 5.33%

    For 2022, Ttcu Federal Credit Union's most frequently originated type of loan was Conventional, with 436 originations. Their 2nd most popular type was HELOC, with 384 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 497 $44,325,000 $89,185 $1,612 5.91%
    Home Purchase 253 $55,775,000 $220,455 $3,982 5.19%
    Cash Out Refi 46 $8,940,000 $194,348 $3,983 4.67%
    Refi 36 $7,030,000 $195,278 $4,147 4.10%

    For 2022, Ttcu Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 497 originations. The 2nd most popular reason was Home Purchase, with 253 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 400 $36,650,000 $91,625 $4,019 5.82%
    30 Year 290 $66,010,000 $227,621 $4,113 5.16%
    15 Year 108 $11,640,000 $107,778 $2,157 5.49%
    10 Year 23 $1,135,000 $49,348 $882 6.05%
    5 Year 9 $415,000 $46,111 $587 5.50%
    Other 2 $220,000 $110,000 $3,263 3.81%

    For 2022, Ttcu Federal Credit Union's most frequently cited loan duration was 20 Year, with 400 originations. The 2nd most popular length was 30 Year, with 290 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 239 $38,345,000 $160,439
    $1k-2k 173 $32,415,000 $187,370
    $2k-3k 21 $5,225,000 $248,810
    $3k-4k 9 $3,095,000 $343,889
    $4k-5k 3 $2,155,000 $718,333
    $5k+ 3 $1,575,000 $525,000

    Ttcu Federal Credit Union's average total fees were $4,113, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 239 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 271 $44,385,000 $163,782
    4-5% 196 $23,770,000 $121,276
    6-7% 143 $15,825,000 $110,664
    3-4% 99 $20,015,000 $202,172
    7-8% 76 $6,660,000 $87,632
    Over 8% 33 $3,005,000 $91,061
    2.5-3% 13 $2,115,000 $162,692
    <2.5% 1 $295,000 $295,000

    During 2022, Ttcu Federal Credit Union's average interest rate for loans was 5.16%, while their most frequently originated rate bucket for loans was 5-6%, with 271 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 375 $20,965,000 $55,907 $1,668 5.91%
    $100k-200k 291 $41,645,000 $143,110 $3,625 5.41%
    $200k-400k 137 $36,475,000 $266,241 $4,194 4.96%
    $400k-600k 19 $9,005,000 $473,947 $5,186 4.83%
    $600k-1MM 8 $5,550,000 $693,750 $5,193 5.34%
    $1MM+ 2 $2,430,000 $1,215,000 $15,112 5.56%

    2022 saw Ttcu Federal Credit Union place emphasis on $100,000 or less loans with 375 originations, totaling $20,965,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 205 $31,915,000 $155,683 $3,289 5.58%
    $50k-75k 177 $18,625,000 $105,226 $3,254 5.45%
    $75k-100k 162 $20,730,000 $127,963 $3,200 5.57%
    $150k-250k 136 $25,420,000 $186,912 $3,919 5.49%
    $50k or less 117 $9,465,000 $80,897 $3,328 5.58%
    $250k+ 34 $9,820,000 $288,824 $5,138 5.85%

    Ttcu Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 205 originations. The second most popular income band? $50k-75k, with 177 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 224 $29,080,000 $129,821 $3,259 5.43%
    30-36% 186 $27,940,000 $150,215 $3,486 5.53%
    <20% 74 $9,210,000 $124,459 $4,026 5.01%
    42% 73 $8,555,000 $117,192 $2,890 5.89%
    39% 50 $7,750,000 $155,000 $3,112 5.66%
    38% 47 $6,485,000 $137,979 $3,155 6.04%
    36% 46 $7,230,000 $157,174 $4,311 5.69%
    41% 44 $5,400,000 $122,727 $3,012 5.74%
    40% 43 $7,645,000 $177,791 $3,574 5.48%
    37% 41 $6,365,000 $155,244 $3,416 5.48%
    46% 1 $35,000 $35,000 $190 7.00%
    49% 1 $165,000 $165,000 $3,641 5.38%
    50-60% 1 $155,000 $155,000 $4,009 5.50%
    >60% 1 $55,000 $55,000 $0 6.50%

    Ttcu Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 224 originations. The next most common DTI ratio? 30-36%, with 186 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 684 $97,380,000 $142,368 $3,430 5.58%
    American Indian 99 $12,775,000 $129,040 $3,271 5.40%
    Black 33 $4,155,000 $125,909 $3,325 5.44%
    Not provided 13 $1,405,000 $108,077 $3,530 4.59%
    Asian 3 $355,000 $118,333 $190 7.00%

    Approval Rates

    Total approvals of all applications
    90.55%

    Ttcu Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    70.19%

    Ttcu Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 832 $116,070,000 $139,507

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    832 $116,070,000 $139,507

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 246 $22,940,000 $93,252 $1,646 6.03%
    40-60% 83 $11,865,000 $142,952 $3,760 5.25%
    60-80% 138 $26,450,000 $191,667 $3,883 4.94%
    80-100% 202 $47,690,000 $236,089 $4,151 5.19%
    Under 20% 163 $7,125,000 $43,712 $345 5.92%