Transportation Federal Credit Union Mortgage Rates, Fees & Info
Washington, DCLEI: 254900UD8AEXTVCVAF72
Tax ID: 53-0201494
Latest/2023 | 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 Home Improvement, Other, and Refi loans. Transportation Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Washington, Baltimore, Chicago, Denver, and Kansas City among others. We have data for 28 markets. (Some data included below & more in-depth data is available with an active subscription.)Transportation Federal Credit Union has a below 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 about average 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.
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) | 6.27% | 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
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
57Origination Dollar Volume (All Markets)
$5,005,000Top 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) | 23 | $2,465,000 | $107,174 | $1,445 | 4.95% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $0 | 4.17% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $1,203 | 6.49% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $1,629 | 5.99% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $1,198 | 5.99% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $1,174 | 5.74% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $1,825 | 6.49% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $1,123 | 5.99% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,479 | 6.74% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,201 | 6.74% |
| COLUMBUS, OH (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $1,136 | 6.62% |
| Outside of Metro Areas | 1 | $75,000 | $75,000 | $1,106 | 6.24% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $1,259 | 6.24% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 4.00% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $1,224 | 6.49% |
| Parsons, KS (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $1,224 | 6.49% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 5.24% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 5.00% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $1,002 | 6.49% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 4.74% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $1,046 | 6.24% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 5.24% |
| LAWRENCE, KS (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 5.49% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 5.24% |
| Cambridge, OH (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $1,084 | 6.24% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $1,774 | 6.24% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $1,211 | 5.74% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $964 | 5.74% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 33 | $2,895,000 | $87,727 | $1,321 | 6.12% |
| HELOC | 24 | $2,110,000 | $87,917 | n/a | 4.58% |
For 2020, Transportation Federal Credit Union's most frequently originated type of loan was Conventional, with 33 originations. Their 2nd most popular type was HELOC, with 24 originations.
Loan Reason
For 2020, Transportation Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 17 originations. The 2nd most popular reason was Other, with 17 originations.
Loan Duration/Length
For 2020, Transportation Federal Credit Union's most frequently cited loan duration was 15 Year, with 25 originations. The 2nd most popular length was 10 Year, with 15 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 33 | $2,895,000 | $87,727 |
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 33 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 20 | $1,560,000 | $78,000 |
| 5-6% | 18 | $1,660,000 | $92,222 |
| 4-5% | 10 | $760,000 | $76,000 |
| 3-4% | 9 | $1,025,000 | $113,889 |
During 2020, Transportation Federal Credit Union's average interest rate for loans was 4.25%, while their most frequently originated rate bucket for loans was 6-7%, with 20 originations.
Loan Sizing
2020 saw Transportation Federal Credit Union place emphasis on $100,000 or less loans with 39 originations, totaling $2,175,000 in origination value.
Applicant Income
Transportation Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 19 originations. The second most popular income band? $150k-250k, with 13 originations.
Applicant Debt to Income Ratio
Transportation Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 16 originations. The next most common DTI ratio? 20-30%, with 10 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications66.91%
Transportation Federal Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination63.16%
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 | 57 | $5,005,000 | $87,807 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 57 | $5,005,000 | $87,807 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 20 | $2,550,000 | $127,500 | $1,360 | 5.64% |
| Under 20% | 37 | $2,455,000 | $66,351 | $1,296 | 5.38% |
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| TRANSUNION INTERMEDIATE HOLDINGS, INC. | Home equity loan or line of credit (HELOC) | Incorrect information on your report | 1 | 9.1% |
| TRANSUNION INTERMEDIATE HOLDINGS, INC. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 9.1% |
| TRANSUNION INTERMEDIATE HOLDINGS, INC. | Conventional home mortgage | Improper use of your report | 1 | 9.1% |
| TRANSUNION INTERMEDIATE HOLDINGS, INC. | Conventional home mortgage | Incorrect information on your report | 4 | 36.4% |
| TRANSUNION INTERMEDIATE HOLDINGS, INC. | Conventional home mortgage | Problem with a credit reporting company's investigation into an existing problem | 1 | 9.1% |
| TRANSUNION INTERMEDIATE HOLDINGS, INC. | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 9.1% |
| TRANSUNION INTERMEDIATE HOLDINGS, INC. | FHA mortgage | Improper use of your report | 1 | 9.1% |
| TRANSUNION INTERMEDIATE HOLDINGS, INC. | FHA mortgage | Incorrect information on your report | 1 | 9.1% |