Tyndall Federal Credit Union Mortgage Rates, Fees & Info
Panama City, FLLEI: 254900VECGAWC5CPU773
Tax ID: 59-0793427
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage 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
1,339Origination Dollar Volume (All Markets)
$236,675,000Awards
Tyndall Federal Credit Union - 2021
Tyndall Federal Credit Union is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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 applications83.13%
Tyndall Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination69.38%
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% |
