Tyndall Federal Credit Union Mortgage Rates, Fees & Info

Panama City, FL

LEI: 254900VECGAWC5CPU773

Tax ID: 59-0793427

5 stars - out of 5 stars, based on 37 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Tyndall Federal Credit Union is a smaller credit union specializing in Home Purchase, Refi, and Cash Out Refi loans. Tyndall Federal Credit Union has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets include Panama City, Dothan, Daphne, Mobile, and Crestview among others. Tyndall Federal Credit Union has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Tyndall Federal Credit Union is typically an average fee lendor.


Originations

1,339

Origination Dollar Volume (All Markets)

$236,675,000
Show all (13) awards

Relative Rate

Tyndall Federal Credit Union's average 30 year fixed rate mortgage of loans were 2.94%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.21%.

Relative Fees

Tyndall Federal Credit Union's average total fees for a 30 year fixed rate mortgage are $3,704.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
PANAMA CITY, FL (FHA|USDA|VA) 623 $117,395,000 $188,435 $3,096 2.90%
Outside of Metro Areas 186 $27,570,000 $148,226 $2,726 2.93%
DOTHAN, AL (FHA|USDA|VA) 138 $19,990,000 $144,855 $2,072 2.84%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 97 $19,005,000 $195,928 $2,292 2.91%
MOBILE, AL (FHA|USDA|VA) 86 $12,690,000 $147,558 $1,936 2.91%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 40 $7,640,000 $191,000 $2,704 3.02%
TALLAHASSEE, FL (FHA|USDA|VA) 25 $4,295,000 $171,800 $3,062 2.77%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 12 $3,080,000 $256,667 $2,521 2.57%
Ozark, AL (FHA|USDA|VA) 19 $3,035,000 $159,737 $2,914 2.84%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 9 $1,575,000 $175,000 $3,798 3.15%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 5 $1,485,000 $297,000 $5,462 2.65%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 5 $1,335,000 $267,000 $3,219 2.83%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 7 $1,035,000 $147,857 $2,415 3.28%
Enterprise, AL (FHA|USDA|VA) 6 $940,000 $156,667 $2,322 2.73%
JACKSONVILLE, FL (FHA|USDA|VA) 2 $770,000 $385,000 $4,203 3.00%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 3 $755,000 $251,667 $2,059 3.00%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 2 $680,000 $340,000 $2,886 2.81%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 2 $590,000 $295,000 $2,094 2.56%
SPARTANBURG, SC (FHA|USDA|VA) 2 $570,000 $285,000 $1,751 2.50%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 2 $550,000 $275,000 $2,778 3.06%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $485,000 $485,000 $3,299 3.25%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $475,000 $475,000 $2,786 2.25%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 2 $450,000 $225,000 $5,807 2.31%
WARNER ROBINS, GA (FHA|USDA|VA) 2 $430,000 $215,000 $3,119 2.19%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $405,000 $405,000 $2,827 3.50%
Bainbridge, GA (FHA|USDA|VA) 1 $355,000 $355,000 $5,428 2.63%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 2 $350,000 $175,000 $2,504 2.94%
COLUMBUS, OH (FHA|USDA|VA) 1 $345,000 $345,000 $3,122 3.38%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $345,000 $345,000 $28,673 3.50%
OCALA, FL (FHA|USDA|VA) 2 $340,000 $170,000 $3,086 2.69%
WINSTON-SALEM, NC (FHA|USDA|VA) 2 $340,000 $170,000 $4,155 3.13%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $325,000 $325,000 $2,809 2.25%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $300,000 $150,000 $1,433 3.13%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 2 $300,000 $150,000 $1,887 2.44%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $295,000 $295,000 $3,371 2.63%
DECATUR, AL (FHA|USDA|VA) 1 $285,000 $285,000 $1,964 3.00%
Toccoa, GA (FHA|USDA|VA) 1 $285,000 $285,000 $2,925 2.63%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 1 $275,000 $275,000 $8,387 2.75%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $275,000 $275,000 $2,453 2.50%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $255,000 $255,000 $1,728 2.50%
ROCHESTER, NY (FHA|USDA|VA) 1 $235,000 $235,000 $2,410 2.25%
LAS CRUCES, NM (FHA|USDA|VA) 1 $235,000 $235,000 $2,870 2.88%
COLUMBIA, SC (FHA|USDA|VA) 1 $225,000 $225,000 $2,499 3.38%
JOHNSON CITY, TN (FHA|USDA|VA) 1 $205,000 $205,000 $2,372 2.25%
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 1 $205,000 $205,000 $1,850 2.38%
ITHACA, NY (FHA|USDA|VA) 1 $205,000 $205,000 $3,106 2.25%
Troy, AL (FHA|USDA|VA) 1 $205,000 $205,000 $2,413 3.13%
Alexander City, AL (FHA|USDA|VA) 1 $205,000 $205,000 $1,662 2.88%
GLENS FALLS, NY (FHA|USDA|VA) 1 $175,000 $175,000 $1,691 2.75%
Eufaula, AL-GA (FHA|USDA|VA) 1 $175,000 $175,000 $3,409 2.25%
MONTGOMERY, AL (FHA|USDA|VA) 1 $165,000 $165,000 $2,537 3.00%
WICHITA, KS (FHA|USDA|VA) 1 $165,000 $165,000 $1,914 2.00%
Ottawa, IL (FHA|USDA|VA) 1 $155,000 $155,000 $1,912 3.25%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $155,000 $155,000 $3,849 3.13%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $145,000 $145,000 $1,515 2.25%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $145,000 $145,000 $2,792 2.50%
CLEVELAND, TN (FHA|USDA|VA) 1 $135,000 $135,000 $2,129 3.13%
TULSA, OK (FHA|USDA|VA) 1 $115,000 $115,000 $2,441 3.00%
PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $110,000 $55,000 $925 3.01%
TUCSON, AZ (FHA|USDA|VA) 1 $105,000 $105,000 $1,836 2.13%
DOVER, DE (FHA|USDA|VA) 1 $105,000 $105,000 $1,660 3.24%
LaGrange, GA-AL (FHA|USDA|VA) 1 $105,000 $105,000 $4,249 2.75%
Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $105,000 $105,000 $1,090 3.50%
Key West, FL (FHA|USDA|VA) 1 $95,000 $95,000 $1,896 2.50%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $85,000 $85,000 $897 3.90%
Warrensburg, MO (FHA|USDA|VA) 1 $75,000 $75,000 $1,613 3.25%
KNOXVILLE, TN (FHA|USDA|VA) 1 $75,000 $75,000 $1,790 2.38%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $75,000 $75,000 $822 3.50%
BURLINGTON, NC (FHA|USDA|VA) 1 $75,000 $75,000 $664 2.50%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $75,000 $75,000 $2,184 3.00%
RENO, NV (FHA|USDA|VA) 1 $65,000 $65,000 $1,638 5.30%
Americus, GA (FHA|USDA|VA) 1 $65,000 $65,000 $2,269 2.88%
VALDOSTA, GA (FHA|USDA|VA) 1 $55,000 $55,000 $3,616 2.13%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $55,000 $55,000 $1,218 3.50%
Torrington, CT (FHA|USDA|VA) 1 $45,000 $45,000 $1,030 5.30%
ROANOKE, VA (FHA|USDA|VA) 1 $35,000 $35,000 $2,177 2.13%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $35,000 $35,000 $675 3.90%
Atmore, AL (FHA|USDA|VA) 1 $35,000 $35,000 $197 3.50%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $25,000 $25,000 $582 3.50%
Albertville, AL (FHA|USDA|VA) 1 $25,000 $25,000 $197 3.50%

Tyndall Federal Credit Union's top markets include Panama City, Dothan, Daphne, Mobile, and Crestview among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,195 $202,005,000 $169,042 $2,453 2.94%
VA 102 $26,550,000 $260,294 $5,158 2.55%
FHA 27 $5,205,000 $192,778 $6,577 2.84%
USDA 15 $2,915,000 $194,333 $5,314 2.50%

For the 2021 period, Tyndall Federal Credit Union's most frequently originated loan type of loans were Conventional, with 1,195 originations. Their 2nd most popular type is VA, with 102 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 435 $99,845,000 $229,529 $3,971 2.90%
Refi 379 $65,665,000 $173,259 $2,581 2.59%
Cash Out Refi 342 $58,000,000 $169,591 $2,558 2.90%
Other 97 $8,375,000 $86,340 $974 3.51%
Home Improvement 86 $4,790,000 $55,698 $457 3.60%

For the 2021, Tyndall Federal Credit Union's most frequently cited loan purpose of loans were Home Purchase, with 435 originations. The 2nd most popular reason of loans were Refi, with 379 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 681 $149,955,000 $220,198 $3,704 2.94%
15 Year 473 $64,965,000 $137,347 $1,835 2.77%
10 Year 85 $6,765,000 $79,588 $1,216 3.28%
20 Year 78 $13,850,000 $177,564 $2,568 2.78%
Other 12 $780,000 $65,000 $1,500 2.76%
5 Year 10 $360,000 $36,000 $237 3.73%

For the 2021, Tyndall Federal Credit Union's most frequently cited loan length of loans were 30 Year, with 681 originations. The 2nd most popular length of loans were 15 Year, with 473 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 1,114 $186,080,000 $167,038
$1k-2k 154 $33,030,000 $214,481
$2k-3k 41 $10,095,000 $246,220
$3k-4k 23 $5,145,000 $223,696
$5k+ 7 $2,325,000 $332,143

$3,704 of loans were Tyndall Federal Credit Union's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 1,114 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 472 $70,260,000 $148,856
2.5-3% 430 $93,730,000 $217,977
<2.5% 415 $70,995,000 $171,072
5-6% 13 $555,000 $42,692
4-5% 9 $1,135,000 $126,111

During 2021, Tyndall Federal Credit Union's average interest rate of loans were 2.94%, while their most frequently originated rate bucket of loans were 3-4%, with 472 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 511 $76,175,000 $149,070 $2,716 2.82%
$200k-400k 428 $113,310,000 $264,743 $3,776 2.82%
$100,000 or less 343 $21,155,000 $61,676 $1,213 3.13%
$400k-600k 57 $26,035,000 $456,754 $5,157 2.90%

2021 saw Tyndall Federal Credit Union place emphasis on $100k-200k loans with 511 originations, totaling $76,175,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 322 $66,040,000 $205,093 $2,967 2.88%
$50k-75k 316 $45,380,000 $143,608 $2,432 2.93%
$75k-100k 253 $44,635,000 $176,423 $2,768 2.90%
$50k or less 218 $24,160,000 $110,826 $2,419 2.90%
$150k-250k 168 $41,850,000 $249,107 $3,386 2.93%
$250k+ 25 $6,505,000 $260,200 $3,589 2.97%

Tyndall Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 322 originations. The second most popular income band? $50k-75k, with 316 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 396 $68,860,000 $173,889 $2,733 2.83%
30-36% 270 $48,000,000 $177,778 $2,795 2.94%
<20% 164 $25,240,000 $153,902 $2,600 2.75%
36% 51 $10,455,000 $205,000 $3,001 2.92%
42% 50 $8,180,000 $163,600 $2,468 3.04%
44% 49 $8,605,000 $175,612 $2,060 3.14%
38% 46 $8,820,000 $191,739 $3,779 3.02%
41% 45 $7,795,000 $173,222 $2,742 3.11%
39% 42 $7,210,000 $171,667 $2,335 3.04%
43% 40 $6,050,000 $151,250 $2,038 3.22%
37% 33 $4,605,000 $139,545 $2,316 2.97%
40% 30 $5,600,000 $186,667 $2,676 3.05%
45% 22 $4,770,000 $216,818 $3,598 2.93%
46% 19 $4,055,000 $213,421 $3,507 2.80%
47% 16 $3,810,000 $238,125 $3,751 2.72%
48% 16 $3,270,000 $204,375 $3,680 2.86%
49% 15 $3,475,000 $231,667 $3,732 2.87%
50-60% 6 $1,130,000 $188,333 $6,113 2.65%
>60% 1 $165,000 $165,000 $170 3.25%

Tyndall Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 396 originations. The next most common DTI ratio? 30-36%, with 270 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 986 $176,470,000 $178,976 $2,815 2.90%
Not provided 233 $38,855,000 $166,760 $2,528 2.94%
Black 61 $9,925,000 $162,705 $2,985 2.86%
Asian 35 $6,045,000 $172,714 $2,623 2.72%
American Indian 14 $2,790,000 $199,286 $3,201 2.80%
Native Hawaiian 3 $1,165,000 $388,333 $3,303 2.67%
Vietnamese 1 $485,000 $485,000 $3,299 3.25%
Filipino 2 $380,000 $190,000 $4,269 3.26%
Other Pacific Islander 2 $300,000 $150,000 $3,576 2.90%
Other Asian 1 $215,000 $215,000 $2,059 3.13%
Japanese 1 $45,000 $45,000 $197 3.50%

Approval Rates

Total approvals of all applications
83.13%

Tyndall Federal Credit Union has a below average approval rate.

Pick Rate

Approvals leading to origination
69.38%

Tyndall 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 1,339 $236,675,000 $176,755

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,339 $236,675,000 $176,755

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 162 $15,020,000 $92,716 $1,494 3.01%
40-60% 270 $41,020,000 $151,926 $2,358 2.70%
60-80% 408 $80,160,000 $196,471 $2,851 2.85%
80-100% 375 $88,195,000 $235,187 $3,924 2.93%
Over 100% 6 $1,730,000 $288,333 $11,636 2.83%
Under 20% 90 $3,970,000 $44,111 $541 3.58%