Titan Fcu Mortgage Rates, Fees & Info
Pleasant Gap, PALEI: 254900ON5KYAZSCPF582
Tax ID: 24-0861116
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Mortgage Data
Review & Overview
Titan Fcu is a smaller credit union specializing in Cash Out Refi and Home Improvement loans. Titan Fcu has a high proportion of conventional loans. Their top markets by origination volume include: State College, Lock Haven, Altoona, and Huntingdon among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Titan Fcu 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
47Origination Dollar Volume (All Markets)
$2,325,000Top 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 |
|---|---|---|---|---|---|
| STATE COLLEGE, PA (FHA|USDA|VA) | 37 | $1,855,000 | $50,135 | $0 | 3.94% |
| Lock Haven, PA (FHA|USDA|VA) | 7 | $295,000 | $42,143 | $0 | 3.61% |
| ALTOONA, PA (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 3.50% |
| Huntingdon, PA (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 3.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 47 | $2,325,000 | $49,468 | $0 | 3.85% |
For 2018, Titan Fcu's most frequently originated type of loan was Conventional, with 47 originations.
Loan Reason
For 2018, Titan Fcu's most frequently cited loan purpose was Cash Out Refi, with 17 originations. The 2nd most popular reason was Home Improvement, with 15 originations.
Loan Duration/Length
For 2018, Titan Fcu's most frequently cited loan duration was 10 Year, with 16 originations. The 2nd most popular length was 5 Year, with 16 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 47 | $2,325,000 | $49,468 |
Titan Fcu's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 47 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 18 | $430,000 | $23,889 |
| 3-4% | 18 | $930,000 | $51,667 |
| 4-5% | 6 | $520,000 | $86,667 |
| 5-6% | 5 | $445,000 | $89,000 |
During 2018, Titan Fcu's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 2.5-3%, with 18 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 41 | $1,525,000 | $37,195 | $0 | 3.71% |
| $100k-200k | 6 | $800,000 | $133,333 | $0 | 4.83% |
2018 saw Titan Fcu place emphasis on $100,000 or less loans with 41 originations, totaling $1,525,000 in origination value.
Applicant Income
Titan Fcu lent most frequently to those with incomes in the $75k-100k range, with 13 originations. The second most popular income band? $50k-75k, with 12 originations.
Applicant Debt to Income Ratio
Titan Fcu lent most frequently to those with DTI ratios of 20-30%, with 14 originations. The next most common DTI ratio? 30-36%, with 11 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 47 | $2,325,000 | $49,468 | $0 | 3.85% |
Approval Rates
Total approvals of all applications100.00%
Titan Fcu has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination97.87%
Titan Fcu 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 |
|---|---|---|---|
| 125.25 | 36 | $1,750,000 | $48,611 |
| 143.0 | 1 | $65,000 | $65,000 |
| 146.75 | 1 | $15,000 | $15,000 |
| 152.5 | 1 | $105,000 | $105,000 |
| 166.0 | 6 | $230,000 | $38,333 |
| 167.25 | 2 | $160,000 | $80,000 |