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
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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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 11/21/24 |
| 30 Year Conventional Purchase | 6.27% | 11/21/24 |
| 30 Year Cash-out Refi | 6.27% | 11/21/24 |
| 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
219Origination Dollar Volume (All Markets)
$20,935,000Top 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) | 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% |
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
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
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
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
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
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
Approval Rates
Total approvals of all applications78.36%
Transportation Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination68.49%
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 |
LTV Distribution
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% |