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 Refi loans. Titan Fcu has a high proportion of conventional loans. Their top markets by origination volume include: State College, Lock Haven, Altoona, Dubois, and Youngstown among others. We have data for 6 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.
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Originations
55Origination Dollar Volume (All Markets)
$3,045,000Top 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) | 46 | $2,400,000 | $52,174 | $0 | 3.71% |
| Lock Haven, PA (FHA|USDA|VA) | 4 | $320,000 | $80,000 | $0 | 3.75% |
| ALTOONA, PA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 5.00% |
| Outside of Metro Areas | 2 | $130,000 | $65,000 | $0 | 6.00% |
| DuBois, PA (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 3.00% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 3.75% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 55 | $3,045,000 | $55,364 | $0 | 3.81% |
For 2019, Titan Fcu's most frequently originated type of loan was Conventional, with 55 originations.
Loan Reason
For 2019, Titan Fcu's most frequently cited loan purpose was Other, with 17 originations. The 2nd most popular reason was Cash Out Refi, with 15 originations.
Loan Duration/Length
For 2019, Titan Fcu's most frequently cited loan duration was 10 Year, with 21 originations. The 2nd most popular length was 5 Year, with 20 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 55 | $3,045,000 | $55,364 |
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 55 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 24 | $1,490,000 | $62,083 |
| 2.5-3% | 20 | $620,000 | $31,000 |
| 4-5% | 6 | $460,000 | $76,667 |
| 5-6% | 5 | $475,000 | $95,000 |
During 2019, Titan Fcu's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 3-4%, with 24 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 48 | $1,990,000 | $41,458 | $0 | 3.76% |
| $100k-200k | 7 | $1,055,000 | $150,714 | $0 | 4.14% |
2019 saw Titan Fcu place emphasis on $100,000 or less loans with 48 originations, totaling $1,990,000 in origination value.
Applicant Income
Titan Fcu lent most frequently to those with incomes in the $100k-150k range, with 15 originations. The second most popular income band? $50k or less, with 12 originations.
Applicant Debt to Income Ratio
Titan Fcu lent most frequently to those with DTI ratios of 30-36%, with 16 originations. The next most common DTI ratio? 20-30%, with 15 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 55 | $3,045,000 | $55,364 | $0 | 3.81% |
Approval Rates
Total approvals of all applications96.49%
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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 125.25 | 46 | $2,400,000 | $52,174 |
| 146.75 | 1 | $75,000 | $75,000 |
| 147.0 | 1 | $55,000 | $55,000 |
| 152.0 | 1 | $15,000 | $15,000 |
| 158.25 | 1 | $15,000 | $15,000 |
| 166.0 | 4 | $320,000 | $80,000 |
| 167.25 | 1 | $165,000 | $165,000 |