Taylor Credit Union Mortgage Rates, Fees & Info
Medford, WILEI: 254900HOFPDQTQTMI243
Tax ID: 39-0931830
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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 (well, only) market is Wausau.Taylor 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.
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Originations
27Origination Dollar Volume (All Markets)
$3,535,000Top 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 | 26 | $3,430,000 | $131,923 | $0 | 0.00% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 27 | $3,535,000 | $130,926 | $0 | 0.00% |
For 2022, Taylor Credit Union's most frequently originated type of loan was Conventional, with 27 originations.
Loan Reason
For 2022, Taylor Credit Union's most frequently cited loan purpose was Home Purchase, with 11 originations. The 2nd most popular reason was Refi, with 8 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 27 | $3,535,000 | $130,926 | $0 | 0.00% |
For 2022, Taylor Credit Union's most frequently cited loan duration was Other, with 27 originations.
Loan Sizing
2022 saw Taylor Credit Union place emphasis on $100,000 or less loans with 13 originations, totaling $865,000 in origination value.
Applicant Income
Taylor Credit Union lent most frequently to those with incomes in the $75k-100k range, with 8 originations. The second most popular income band? $50k or less, with 7 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 26 | $3,480,000 | $133,846 | $0 | 0.00% |
| Not provided | 1 | $55,000 | $55,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications95.12%
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 origination62.96%
Taylor Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 27 | $3,535,000 | $130,926 |