Taylor Credit Union Mortgage Rates, Fees & Info
Medford, WILEI: 254900HOFPDQTQTMI243
Tax ID: 39-0931830
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Mortgage Data
Review & Overview
Taylor Credit Union is a smaller credit union specializing in Home Purchase, Refi, and Cash Out Refi loans. Taylor Credit Union has a high proportion of conventional loans. Their top two markets are Wausau and Eau Claire .Taylor Credit Union has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
38Origination Dollar Volume (All Markets)
$4,000,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 35 | $3,675,000 | $105,000 | $0 | 0.00% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 0.00% |
| EAU CLAIRE, WI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 38 | $4,000,000 | $105,263 | $0 | 0.00% |
For 2019, Taylor Credit Union's most frequently originated type of loan was Conventional, with 38 originations.
Loan Reason
For 2019, Taylor Credit Union's most frequently cited loan purpose was Home Purchase, with 19 originations. The 2nd most popular reason was Refi, with 10 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 38 | $4,000,000 | $105,263 | $0 | 0.00% |
For 2019, Taylor Credit Union's most frequently cited loan duration was Other, with 38 originations.
Loan Sizing
2019 saw Taylor Credit Union place emphasis on $100,000 or less loans with 20 originations, totaling $1,280,000 in origination value.
Applicant Income
Taylor Credit Union lent most frequently to those with incomes in the $50k or less range, with 14 originations. The second most popular income band? $50k-75k, with 10 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 35 | $3,735,000 | $106,714 | $0 | 0.00% |
| Not provided | 3 | $265,000 | $88,333 | $0 | 0.00% |
Approval Rates
Total approvals of all applications100.00%
Taylor 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 origination97.37%
Taylor Credit Union has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 38 | $4,000,000 | $105,263 |