Total Community Credit Union Mortgage Rates, Fees & Info
Taylor, MILEI: 254900GXV94B2NZXS107
Tax ID: 38-1644983
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Total Community Credit Union is a smaller credit union specializing in Cash Out Refi and Refi loans. Total Community 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.) Their top two markets are Detroit and Monroe .Total Community 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. Total Community 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.
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 |
|---|---|---|
| 30 Year Conventional Purchase | 6.82% | 12/16/24 |
| 30 Year Conventional Refi | 6.37% | 12/16/24 |
| 30 Year Cash-out Refi | 6.62% | 12/16/24 |
| 15 Year Conventional Purchase | 6.25% | 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. | ||
Total Community Credit Union Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Total Community 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
20Origination Dollar Volume (All Markets)
$1,980,000Top 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 |
|---|---|---|---|---|---|
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 19 | $1,865,000 | $98,158 | $1,865 | 4.27% |
| MONROE, MI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 3.88% |
Similar Lenders
We use machine learning to identify the top lenders compared against Total Community Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 159
Similarity Rank: 222
Similarity Rank: 297
Similarity Rank: 320
Similarity Rank: 448
Similarity Rank: 572
Similarity Rank: 612
Similarity Rank: 935
Similarity Rank: 936
Similarity Rank: 1100
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 18 | $1,930,000 | $107,222 | $1,954 | 3.83% |
| FHA | 2 | $50,000 | $25,000 | $134 | 8.00% |
For 2019, Total Community Credit Union's most frequently originated type of loan was Conventional, with 18 originations. Their 2nd most popular type was FHA, with 2 originations.
Loan Reason
For 2019, Total Community Credit Union's most frequently cited loan purpose was Cash Out Refi, with 8 originations. The 2nd most popular reason was Refi, with 6 originations.
Loan Duration/Length
For 2019, Total Community Credit Union's most frequently cited loan duration was 15 Year, with 9 originations. The 2nd most popular length was 30 Year, with 7 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 18 | $1,930,000 | $107,222 |
Total Community Credit Union's average total fees were $1,402, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 18 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 15 | $1,545,000 | $103,000 |
| 4-5% | 3 | $385,000 | $128,333 |
| 7-8% | 1 | $25,000 | $25,000 |
| Over 8% | 1 | $25,000 | $25,000 |
During 2019, Total Community Credit Union's average interest rate for loans was 4.07%, while their most frequently originated rate bucket for loans was 3-4%, with 15 originations.
Loan Sizing
2019 saw Total Community Credit Union place emphasis on $100,000 or less loans with 10 originations, totaling $560,000 in origination value.
Applicant Income
Total Community Credit Union lent most frequently to those with incomes in the $50k or less range, with 6 originations. The second most popular income band? $75k-100k, with 6 originations.
Applicant Debt to Income Ratio
Total Community Credit Union lent most frequently to those with DTI ratios of <20%, with 3 originations. The next most common DTI ratio? 20-30%, with 3 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
Total Community Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination85.00%
Total Community Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 20 | $1,980,000 | $99,000 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 20 | $1,980,000 | $99,000 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Title Security Agency LLC | Conventional home mortgage | Trouble during payment process | 1 | 100.0% |