Transportation Federal Credit Union Mortgage Rates, Fees & Info
Washington, DCLEI: 254900UD8AEXTVCVAF72
Tax ID: 53-0201494
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Mortgage Data
Review & Overview
Transportation Federal Credit Union is a smaller credit union specializing in Refi, Cash Out Refi, and Other loans. Transportation Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Washington, St. Louis, Kansas City, Phoenix, and Miami among others. We have data for 99 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. They typically have relatively high rates.
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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 11/17/24 |
| 30 Year Conventional Purchase | 6.27% | 11/17/24 |
| 30 Year Cash-out Refi | 6.27% | 11/17/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
363Origination Dollar Volume (All Markets)
$24,395,000Top 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 | $4,705,000 | $104,556 | $1,384 | 5.70% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 72 | $4,120,000 | $57,222 | $14,422 | 6.45% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 27 | $1,625,000 | $60,185 | $1,092 | 6.04% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 14 | $1,530,000 | $109,286 | $1,177 | 5.95% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 9 | $835,000 | $92,778 | $1,413 | 6.05% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 7 | $775,000 | $110,714 | $1,535 | 6.20% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 9 | $475,000 | $52,778 | $1,365 | 6.07% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 4 | $450,000 | $112,500 | $1,161 | 6.30% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $1,300 | 5.99% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 3 | $385,000 | $128,333 | $1,619 | 5.74% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 7 | $365,000 | $52,143 | $1,175 | 6.38% |
| BELLINGHAM, WA (FHA|USDA|VA) | 3 | $345,000 | $115,000 | $1,535 | 6.41% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 9 | $335,000 | $37,222 | $1,029 | 6.68% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 4 | $280,000 | $70,000 | $1,299 | 5.62% |
| COLUMBUS, OH (FHA|USDA|VA) | 7 | $265,000 | $37,857 | $1,049 | 6.70% |
| Outside of Metro Areas | 7 | $245,000 | $35,000 | $1,038 | 6.60% |
| COLUMBIA, MO (FHA|USDA|VA) | 4 | $240,000 | $60,000 | $1,119 | 6.55% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 4 | $230,000 | $57,500 | $1,119 | 6.49% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $1,549 | 5.87% |
| WICHITA, KS (FHA|USDA|VA) | 6 | $230,000 | $38,333 | $1,108 | 6.78% |
| GREELEY, CO (FHA|USDA|VA) | 3 | $225,000 | $75,000 | $1,274 | 5.57% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 3 | $215,000 | $71,667 | $1,381 | 6.66% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 4 | $210,000 | $52,500 | $1,017 | 6.43% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 3 | $195,000 | $65,000 | $1,107 | 5.82% |
| LOUISVILLE, KY (FHA|USDA|VA) | 4 | $180,000 | $45,000 | $989 | 6.12% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 3 | $175,000 | $58,333 | $0 | 5.82% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $2,153 | 5.99% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $1,044 | 6.24% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 5.99% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $1,216 | 6.37% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $928 | 5.62% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 5.24% |
| KNOXVILLE, TN (FHA|USDA|VA) | 3 | $135,000 | $45,000 | $1,065 | 6.57% |
| RENO, NV (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $0 | 5.74% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 6.24% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $1,354 | 6.49% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 3 | $125,000 | $41,667 | $1,199 | 6.32% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $1,058 | 6.12% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 5.99% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 3 | $105,000 | $35,000 | $1,034 | 6.66% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 5.49% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $0 | 5.99% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 6.24% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $1,374 | 6.49% |
| Centralia, WA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 5.24% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 4.99% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $1,427 | 6.74% |
| JOPLIN, MO (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $968 | 6.37% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $1,115 | 6.62% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,879 | 6.49% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 5.24% |
| Lebanon, MO (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $949 | 5.99% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $1,504 | 6.12% |
| AKRON, OH (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $1,111 | 6.87% |
| Plymouth, IN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $1,092 | 6.74% |
| Kearney, NE (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $1,439 | 6.74% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $1,029 | 6.74% |
| FORT WAYNE, IN (FHA|USDA|VA) | 2 | $70,000 | $35,000 | $939 | 6.87% |
| Wooster, OH (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 5.99% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 5.99% |
| New Castle, IN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 6.24% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $1,639 | 6.24% |
| Farmington, MO (FHA|USDA|VA) | 2 | $60,000 | $30,000 | $895 | 6.62% |
| CLEVELAND, TN (FHA|USDA|VA) | 2 | $60,000 | $30,000 | $1,041 | 6.49% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,480 | 6.49% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,178 | 6.74% |
| Fernley, NV (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 5.49% |
| LONGVIEW, WA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,092 | 6.49% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 5.24% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 2 | $50,000 | $25,000 | $1,017 | 6.37% |
| Kendallville, IN (FHA|USDA|VA) | 2 | $50,000 | $25,000 | $969 | 6.62% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 2 | $50,000 | $25,000 | $1,014 | 6.49% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $999 | 6.49% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 6.24% |
| BEND, OR (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 6.49% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $1,024 | 5.74% |
| Mount Vernon, IL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $1,210 | 5.99% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $892 | 6.24% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $1,121 | 6.74% |
| MUNCIE, IN (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $914 | 6.99% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $914 | 6.99% |
| Decatur, IN (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $809 | 6.99% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $984 | 7.24% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $1,081 | 6.99% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 5.49% |
| Shelbyville, TN (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $949 | 6.99% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $1,031 | 6.49% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 5.24% |
| Salina, KS (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $1,212 | 6.74% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $948 | 5.99% |
| Athens, OH (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $984 | 6.49% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 6.24% |
| Urbana, OH (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $1,070 | 6.74% |
| DECATUR, IL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $924 | 6.74% |
| PEORIA, IL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $998 | 6.74% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $1,084 | 6.24% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $1,034 | 5.99% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $1,070 | 6.74% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 6.49% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 258 | $15,110,000 | $58,566 | $4,478 | 6.42% |
| HELOC | 105 | $9,285,000 | $88,429 | n/a | 5.74% |
For 2019, Transportation Federal Credit Union's most frequently originated type of loan was Conventional, with 258 originations. Their 2nd most popular type was HELOC, with 105 originations.
Loan Reason
For 2019, Transportation Federal Credit Union's most frequently cited loan purpose was Refi, with 118 originations. The 2nd most popular reason was Cash Out Refi, with 97 originations.
Loan Duration/Length
For 2019, Transportation Federal Credit Union's most frequently cited loan duration was 10 Year, with 130 originations. The 2nd most popular length was 20 Year, with 105 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 257 | $15,085,000 | $58,696 |
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 257 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 212 | $13,520,000 | $63,774 |
| 5-6% | 115 | $8,745,000 | $76,043 |
| 4-5% | 18 | $1,210,000 | $67,222 |
| 7-8% | 15 | $785,000 | $52,333 |
| 3-4% | 3 | $135,000 | $45,000 |
During 2019, Transportation Federal Credit Union's average interest rate for loans was 5.87%, while their most frequently originated rate bucket for loans was 6-7%, with 212 originations.
Loan Sizing
2019 saw Transportation Federal Credit Union place emphasis on $100,000 or less loans with 301 originations, totaling $14,765,000 in origination value.
Applicant Income
Transportation Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 98 originations. The second most popular income band? $100k-150k, with 85 originations.
Applicant Debt to Income Ratio
Transportation Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 78 originations. The next most common DTI ratio? 44%, with 52 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications81.68%
Transportation Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination80.72%
Transportation Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 363 | $24,395,000 | $67,204 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 363 | $24,395,000 | $67,204 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| TRANSUNION INTERMEDIATE HOLDINGS, INC. | Other type of mortgage | Incorrect information on your report | 1 | 20.0% |
| TRANSUNION INTERMEDIATE HOLDINGS, INC. | VA mortgage | Struggling to pay mortgage | 1 | 20.0% |
| TRANSUNION INTERMEDIATE HOLDINGS, INC. | Conventional home mortgage | Trouble during payment process | 2 | 40.0% |
| TRANSUNION INTERMEDIATE HOLDINGS, INC. | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 20.0% |