Transportation Federal Credit Union Mortgage Rates, Fees & Info

Washington, DC

LEI: 254900UD8AEXTVCVAF72

Tax ID: 53-0201494

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Transportation Federal Credit Union is a smaller credit union specializing in Cash Out Refi loans. Transportation Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Washington, St. Louis, Cincinnati, Denver, and Columbus among others. We have data for 76 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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.27% 2/26/24
30 Year Conventional Purchase 6.27% 2/26/24
30 Year Cash-out Refi 6.27% 2/26/24
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

219

Origination Dollar Volume (All Markets)

$20,935,000

Top 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) 36 $3,920,000 $108,889 $1,541 5.22%
ST. LOUIS, MO-IL (FHA|USDA|VA) 25 $2,195,000 $87,800 $1,239 5.36%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 8 $820,000 $102,500 $1,777 5.47%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 4 $750,000 $187,500 $1,879 5.69%
COLUMBUS, OH (FHA|USDA|VA) 9 $735,000 $81,667 $1,849 5.58%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 9 $715,000 $79,444 $1,491 5.42%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 8 $690,000 $86,250 $1,875 5.25%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 4 $660,000 $165,000 $1,940 5.56%
LOUISVILLE, KY (FHA|USDA|VA) 7 $635,000 $90,714 $1,853 5.50%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 6 $560,000 $93,333 $1,452 5.25%
KANSAS CITY, MO-KS (FHA|USDA|VA) 6 $440,000 $73,333 $1,270 5.46%
Outside of Metro Areas 5 $395,000 $79,000 $2,003 5.80%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 4 $360,000 $90,000 $1,803 5.38%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 3 $355,000 $118,333 $2,204 5.42%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 2 $340,000 $170,000 $1,946 5.50%
DAYTON-KETTERING, OH (FHA|USDA|VA) 6 $320,000 $53,333 $1,729 5.33%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $305,000 $305,000 $1,491 5.00%
Chillicothe, OH (FHA|USDA|VA) 1 $305,000 $305,000 $2,206 6.00%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 3 $275,000 $91,667 $1,546 5.58%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $255,000 $255,000 $2,771 5.50%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 3 $245,000 $81,667 $2,042 5.33%
KNOXVILLE, TN (FHA|USDA|VA) 1 $235,000 $235,000 $1,835 5.50%
Urbana, OH (FHA|USDA|VA) 2 $230,000 $115,000 $1,926 5.88%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 3 $205,000 $68,333 $1,429 5.75%
Key West, FL (FHA|USDA|VA) 1 $195,000 $195,000 $2,284 5.00%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $195,000 $195,000 $2,053 6.00%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 2 $190,000 $95,000 $1,750 5.50%
Salem, OH (FHA|USDA|VA) 2 $190,000 $95,000 $2,097 5.25%
LANCASTER, PA (FHA|USDA|VA) 1 $165,000 $165,000 $3,551 6.00%
Lebanon, MO (FHA|USDA|VA) 2 $160,000 $80,000 $1,198 5.50%
RENO, NV (FHA|USDA|VA) 1 $155,000 $155,000 $1,491 5.00%
Hannibal, MO (FHA|USDA|VA) 1 $145,000 $145,000 $1,264 6.25%
Fort Leonard Wood, MO (FHA|USDA|VA) 1 $145,000 $145,000 $1,340 5.00%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $145,000 $145,000 $2,292 5.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $135,000 $135,000 $2,619 4.75%
CANTON-MASSILLON, OH (FHA|USDA|VA) 2 $130,000 $65,000 $1,634 5.50%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 2 $130,000 $65,000 $1,391 4.88%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $125,000 $125,000 $2,359 5.25%
LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 1 $125,000 $125,000 $1,491 6.25%
Baraboo, WI (FHA|USDA|VA) 1 $125,000 $125,000 $1,341 5.00%
JOPLIN, MO (FHA|USDA|VA) 2 $120,000 $60,000 $1,156 5.75%
KOKOMO, IN (FHA|USDA|VA) 1 $115,000 $115,000 $1,491 6.00%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $115,000 $115,000 $1,966 6.25%
SPRINGFIELD, MA (FHA|USDA|VA) 1 $105,000 $105,000 $1,776 5.25%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $105,000 $105,000 $1,991 5.75%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $100,000 $50,000 $1,765 5.50%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 2 $100,000 $50,000 $1,749 5.50%
Fremont, OH (FHA|USDA|VA) 1 $95,000 $95,000 $1,867 5.50%
Bardstown, KY (FHA|USDA|VA) 1 $95,000 $95,000 $1,974 5.25%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $95,000 $95,000 $1,683 5.50%
Sikeston, MO (FHA|USDA|VA) 1 $85,000 $85,000 $1,345 5.00%
PUEBLO, CO (FHA|USDA|VA) 1 $85,000 $85,000 $1,636 5.50%
PEORIA, IL (FHA|USDA|VA) 1 $85,000 $85,000 $2,027 5.50%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $85,000 $85,000 $1,977 6.50%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $85,000 $85,000 $2,031 6.00%
Auburn, IN (FHA|USDA|VA) 2 $80,000 $40,000 $1,366 4.75%
Zanesville, OH (FHA|USDA|VA) 1 $75,000 $75,000 $1,515 5.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 2 $70,000 $35,000 $1,251 4.75%
APPLETON, WI (FHA|USDA|VA) 1 $65,000 $65,000 $1,696 4.75%
JEFFERSON CITY, MO (FHA|USDA|VA) 1 $65,000 $65,000 $1,284 5.25%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $65,000 $65,000 $1,637 5.00%
Danville, KY (FHA|USDA|VA) 1 $55,000 $55,000 $1,453 5.25%
SPRINGFIELD, MO (FHA|USDA|VA) 1 $55,000 $55,000 $1,222 5.00%
SPRINGFIELD, OH (FHA|USDA|VA) 1 $55,000 $55,000 $2,008 6.00%
RACINE, WI (FHA|USDA|VA) 1 $55,000 $55,000 $1,441 5.50%
DECATUR, IL (FHA|USDA|VA) 1 $55,000 $55,000 $1,377 5.00%
Sedalia, MO (FHA|USDA|VA) 1 $55,000 $55,000 $1,158 6.25%
Quincy, IL-MO (FHA|USDA|VA) 1 $45,000 $45,000 $1,141 5.25%
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 1 $45,000 $45,000 $1,575 5.50%
AKRON, OH (FHA|USDA|VA) 1 $45,000 $45,000 $1,663 5.75%
ELKHART-GOSHEN, IN (FHA|USDA|VA) 1 $35,000 $35,000 $1,245 5.00%
Sterling, IL (FHA|USDA|VA) 1 $35,000 $35,000 $1,391 5.75%
Central City, KY (FHA|USDA|VA) 1 $35,000 $35,000 $1,536 5.75%
SALISBURY, MD-DE (FHA|USDA|VA) 1 $35,000 $35,000 $1,653 4.25%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $25,000 $25,000 $1,191 4.25%
Warrensburg, MO (FHA|USDA|VA) 1 $15,000 $15,000 $1,057 5.00%
Transportation Federal Credit Union's top markets include Washington, St. Louis, Cincinnati, Denver, and Columbus among others.

Their top states include:
  • Missouri (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 194 $18,530,000 $95,515 $1,650 5.46%
    HELOC 25 $2,405,000 $96,200 n/a 4.86%

    For 2022, Transportation Federal Credit Union's most frequently originated type of loan was Conventional, with 194 originations. Their 2nd most popular type was HELOC, with 25 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 125 $12,055,000 $96,440 $1,700 5.48%
    Home Improvement 43 $3,725,000 $86,628 $1,488 5.17%
    Other 36 $2,900,000 $80,556 $1,560 5.35%
    Refi 10 $1,210,000 $121,000 $1,698 5.40%
    Home Purchase 5 $1,045,000 $209,000 $1,737 5.35%

    For 2022, Transportation Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 125 originations. The 2nd most popular reason was Home Improvement, with 43 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 143 $13,815,000 $96,608 $1,659 5.42%
    15 Year 40 $3,500,000 $87,500 $1,377 5.01%
    20 Year 32 $3,460,000 $108,125 $1,749 5.89%
    5 Year 4 $160,000 $40,000 $1,564 4.31%

    For 2022, Transportation Federal Credit Union's most frequently cited loan duration was 10 Year, with 143 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 194 $18,530,000 $95,515

    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 194 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 132 $12,880,000 $97,576
    4-5% 54 $4,740,000 $87,778
    6-7% 20 $1,900,000 $95,000
    3-4% 11 $1,295,000 $117,727
    7-8% 2 $120,000 $60,000

    During 2022, Transportation Federal Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 132 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 146 $9,230,000 $63,219 $1,566 5.39%
    $100k-200k 56 $7,340,000 $131,071 $1,765 5.41%
    $200k-400k 17 $4,365,000 $256,765 $2,022 5.34%

    2022 saw Transportation Federal Credit Union place emphasis on $100,000 or less loans with 146 originations, totaling $9,230,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 63 $5,515,000 $87,540 $1,692 5.44%
    $150k-250k 53 $6,915,000 $130,472 $1,761 5.46%
    $50k-75k 41 $2,525,000 $61,585 $1,541 5.35%
    $75k-100k 33 $2,405,000 $72,879 $1,632 5.55%
    $250k+ 23 $3,205,000 $139,348 $1,565 4.93%
    $50k or less 6 $370,000 $61,667 $1,332 5.46%

    Transportation Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 63 originations. The second most popular income band? $150k-250k, with 53 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 56 $5,610,000 $100,179 $1,673 5.42%
    20-30% 34 $3,060,000 $90,000 $1,562 5.38%
    44% 18 $1,550,000 $86,111 $1,698 5.36%
    39% 17 $1,815,000 $106,765 $1,636 5.26%
    41% 13 $1,165,000 $89,615 $1,641 5.56%
    42% 13 $1,455,000 $111,923 $1,817 5.52%
    36% 12 $1,090,000 $90,833 $1,466 5.42%
    43% 11 $1,045,000 $95,000 $1,863 5.48%
    38% 11 $955,000 $86,818 $1,643 5.43%
    <20% 9 $1,195,000 $132,778 $1,609 5.25%
    37% 9 $715,000 $79,444 $1,553 5.28%
    40% 9 $795,000 $88,333 $1,700 5.61%
    46% 2 $80,000 $40,000 $1,336 6.00%
    45% 1 $45,000 $45,000 $1,251 5.00%
    47% 1 $65,000 $65,000 $0 4.00%
    49% 1 $35,000 $35,000 $0 4.25%
    50-60% 1 $65,000 $65,000 $0 4.00%

    Transportation Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 56 originations. The next most common DTI ratio? 20-30%, with 34 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 162 $14,820,000 $91,481 $1,609 5.42%
    Not provided 32 $3,550,000 $110,938 $1,865 5.30%
    Black 18 $1,850,000 $102,778 $1,544 5.28%
    Asian 3 $265,000 $88,333 $1,276 4.75%
    Asian Indian 1 $165,000 $165,000 $3,551 6.00%
    Native Hawaiian or Islander 1 $125,000 $125,000 $1,315 5.75%
    Filipino 1 $85,000 $85,000 $2,031 6.00%
    American Indian 1 $75,000 $75,000 $1,481 5.50%

    Approval Rates

    Total approvals of all applications
    78.36%

    Transportation Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    68.49%

    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 219 $20,935,000 $95,594

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    219 $20,935,000 $95,594

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 128 $13,660,000 $106,719 $1,679 5.46%
    40-60% 8 $1,640,000 $205,000 $2,064 5.69%
    Under 20% 83 $5,635,000 $67,892 $1,547 5.26%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    TRANSUNION INTERMEDIATE HOLDINGS, INC. Conventional home mortgage Incorrect information on your report 1 50.0%
    TRANSUNION INTERMEDIATE HOLDINGS, INC. Conventional home mortgage Problem with a credit reporting company's investigation into an existing problem 1 50.0%