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 Home Improvement, 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, Miami, Baltimore, and Chicago among others. We have data for 45 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 10/13/24 |
| 30 Year Conventional Purchase | 6.27% | 10/13/24 |
| 30 Year Cash-out Refi | 6.27% | 10/13/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
131Origination Dollar Volume (All Markets)
$12,365,000Top 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) | 40 | $5,300,000 | $132,500 | $1,348 | 4.65% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 22 | $1,300,000 | $59,091 | $1,162 | 5.28% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 3 | $385,000 | $128,333 | $1,917 | 4.67% |
| Outside of Metro Areas | 4 | $350,000 | $87,500 | $1,331 | 5.00% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 3 | $335,000 | $111,667 | $1,419 | 5.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 5 | $325,000 | $65,000 | $1,311 | 5.25% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $1,301 | 5.25% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 3 | $295,000 | $98,333 | $1,793 | 5.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 5 | $265,000 | $53,000 | $1,323 | 5.70% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,256 | 5.75% |
| Branson, MO (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $1,337 | 5.75% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $687 | 5.00% |
| COLUMBIA, MO (FHA|USDA|VA) | 3 | $215,000 | $71,667 | $687 | 5.33% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 4.00% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $1,520 | 5.75% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 4.50% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $1,199 | 5.13% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $1,591 | 5.00% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 3 | $115,000 | $38,333 | $1,264 | 5.25% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $0 | 4.50% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 4.00% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,096 | 4.75% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $1,721 | 5.75% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 4.00% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 4.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,632 | 6.50% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,239 | 5.75% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $1,462 | 5.00% |
| Ashland, OH (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $1,462 | 5.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 2 | $70,000 | $35,000 | $1,090 | 5.13% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $1,586 | 5.75% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,491 | 5.75% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,224 | 5.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.00% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.75% |
| TOPEKA, KS (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,230 | 5.25% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 2 | $50,000 | $25,000 | $1,010 | 4.88% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 4.00% |
| JOPLIN, MO (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $1,177 | 5.00% |
| Zanesville, OH (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $1,811 | 6.00% |
| Portsmouth, OH (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $1,391 | 5.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 4.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $1,702 | 5.00% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $1,226 | 5.75% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 85 | $7,405,000 | $87,118 | $1,316 | 5.46% |
| HELOC | 46 | $4,960,000 | $107,826 | n/a | 4.08% |
For 2021, Transportation Federal Credit Union's most frequently originated type of loan was Conventional, with 85 originations. Their 2nd most popular type was HELOC, with 46 originations.
Loan Reason
For 2021, Transportation Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 53 originations. The 2nd most popular reason was Cash Out Refi, with 36 originations.
Loan Duration/Length
For 2021, Transportation Federal Credit Union's most frequently cited loan duration was 15 Year, with 54 originations. The 2nd most popular length was 10 Year, with 47 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 84 | $7,340,000 | $87,381 |
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 84 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 50 | $4,380,000 | $87,600 |
| 3-4% | 38 | $4,240,000 | $111,579 |
| 4-5% | 34 | $3,090,000 | $90,882 |
| 6-7% | 9 | $655,000 | $72,778 |
During 2021, 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 50 originations.
Loan Sizing
2021 saw Transportation Federal Credit Union place emphasis on $100,000 or less loans with 85 originations, totaling $4,865,000 in origination value.
Applicant Income
Transportation Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 48 originations. The second most popular income band? $100k-150k, with 32 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 23 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications81.31%
Transportation Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination77.10%
Transportation Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 131 | $12,365,000 | $94,389 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| TRANSUNION INTERMEDIATE HOLDINGS, INC. | Conventional home mortgage | Improper use of your report | 5 | 14.7% |
| TRANSUNION INTERMEDIATE HOLDINGS, INC. | Conventional home mortgage | Incorrect information on your report | 14 | 41.2% |
| TRANSUNION INTERMEDIATE HOLDINGS, INC. | Conventional home mortgage | Problem with a credit reporting company's investigation into an existing problem | 6 | 17.6% |
| TRANSUNION INTERMEDIATE HOLDINGS, INC. | FHA mortgage | Incorrect information on your report | 3 | 8.8% |
| TRANSUNION INTERMEDIATE HOLDINGS, INC. | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 2.9% |
| TRANSUNION INTERMEDIATE HOLDINGS, INC. | Other type of mortgage | Incorrect information on your report | 1 | 2.9% |
| TRANSUNION INTERMEDIATE HOLDINGS, INC. | VA mortgage | Incorrect information on your report | 3 | 8.8% |
| TRANSUNION INTERMEDIATE HOLDINGS, INC. | VA mortgage | Problem with a credit reporting company's investigation into an existing problem | 1 | 2.9% |