Transportation Federal Credit Union Mortgage Rates, Fees & Info
Washington, DCLEI: 254900UD8AEXTVCVAF72
Tax ID: 53-0201494
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Transportation Federal Credit Union is a smaller credit union specializing in Cash Out Refi, Other, and Refi loans. Transportation Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Washington, Baltimore, St. Louis, Cleveland, and Atlanta among others. We have data for 59 markets. (Some data included below & more in-depth data is available with an active subscription.)Transportation Federal Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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 |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.72% | 4/5/25 |
| 30 Year Cash-out Refi | 6.72% | 4/5/25 |
| 15 Year Conventional Purchase | 6.00% | 4/5/25 |
| 15 Year Conventional Refi | 7.83% | 4/5/25 |
| 15 Year Cash-out Refi | 7.83% | 4/5/25 |
| 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. | ||
Transportation Federal Credit Union Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Transportation Federal 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
135Origination Dollar Volume (All Markets)
$11,545,000Top 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 |
|---|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 45 | $4,595,000 | $102,111 | $1,672 | 8.46% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 7 | $905,000 | $129,286 | $2,026 | 8.50% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 6 | $550,000 | $91,667 | $1,272 | 8.58% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $1,871 | 8.67% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 5 | $325,000 | $65,000 | $2,003 | 8.55% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $1,895 | 8.63% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 8.50% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 4 | $250,000 | $62,500 | $1,511 | 8.88% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $1,613 | 7.75% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 3 | $215,000 | $71,667 | $1,239 | 8.83% |
| Outside of Metro Areas | 3 | $185,000 | $61,667 | $1,282 | 8.67% |
| COLUMBUS, OH (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $1,895 | 8.63% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 8.63% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $1,608 | 8.38% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $1,101 | 9.25% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $1,750 | 8.50% |
| JONESBORO, AR (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $1,828 | 7.75% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $1,871 | 8.75% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,034 | 8.75% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 8.50% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $1,601 | 8.50% |
| Wooster, OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $1,803 | 8.50% |
| Murray, KY (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $1,583 | 9.00% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,531 | 8.00% |
| TOPEKA, KS (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,542 | 8.50% |
| MANSFIELD, OH (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,820 | 9.00% |
| North Vernon, IN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,421 | 7.75% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $1,601 | 8.25% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $1,208 | 9.00% |
| Warrensburg, MO (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $1,205 | 8.50% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,096 | 8.00% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $1,598 | 9.25% |
| DUBUQUE, IA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $1,101 | 8.50% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 8.50% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $1,434 | 8.50% |
| TOLEDO, OH (FHA|USDA|VA) | 2 | $60,000 | $30,000 | $1,599 | 8.38% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,674 | 9.25% |
| APPLETON, WI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,294 | 8.50% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,694 | 9.00% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,191 | 9.00% |
| AKRON, OH (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,722 | 8.75% |
| Auburn, IN (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,471 | 9.00% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,488 | 8.50% |
| Ashtabula, OH (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,718 | 9.00% |
| Defiance, OH (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $1,960 | 8.25% |
| Wabash, IN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $1,694 | 9.25% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 9.50% |
| PEORIA, IL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $1,834 | 8.00% |
| Sandusky, OH (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $1,964 | 8.75% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $1,376 | 8.00% |
| Burlington, IA-IL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $1,101 | 8.75% |
| DOTHAN, AL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $1,846 | 9.25% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $1,588 | 8.50% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $2,221 | 8.50% |
| AMES, IA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $1,101 | 9.00% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $1,924 | 9.25% |
| Marshalltown, IA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $1,101 | 8.75% |
| Wilmington, OH (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $1,907 | 8.00% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $2,454 | 8.25% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 105 | $8,455,000 | $80,524 | $1,636 | 8.50% |
| HELOC | 30 | $3,090,000 | $103,000 | n/a | 8.75% |
For 2024, Transportation Federal Credit Union's most frequently originated type of loan was Conventional, with 105 originations. Their 2nd most popular type was HELOC, with 30 originations.
Loan Reason
For 2024, Transportation Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 57 originations. The 2nd most popular reason was Other, with 33 originations.
Loan Duration/Length
For 2024, Transportation Federal Credit Union's most frequently cited loan duration was 20 Year, with 66 originations. The 2nd most popular length was 15 Year, with 40 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 104 | $8,270,000 | $79,519 |
Transportation Federal Credit Union's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 104 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 111 | $9,295,000 | $83,739 |
| 7-8% | 23 | $2,175,000 | $94,565 |
| 6-7% | 1 | $75,000 | $75,000 |
During 2024, Transportation Federal Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 111 originations.
Loan Sizing
2024 saw Transportation Federal Credit Union place emphasis on $100,000 or less loans with 98 originations, totaling $5,840,000 in origination value.
Applicant Income
Transportation Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 40 originations. The second most popular income band? $100k-150k, with 38 originations.
Applicant Debt to Income Ratio
Transportation Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 24 originations. The next most common DTI ratio? 20-30%, with 19 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications77.73%
Transportation Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination62.96%
Transportation Federal 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 | 135 | $11,545,000 | $85,519 |