Tyndall Federal Credit Union Mortgage Rates, Fees & Info
Panama City, FLLEI: 254900VECGAWC5CPU773
Tax ID: 59-0793427
Latest/2021 | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & 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 by origination volume include: Panama City, Dothan, Daphne, Mobile, and Crestview among others. We have data for 80 markets. (Some data included below & more in-depth data is available with an active subscription.)Tyndall 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. Tyndall Federal Credit Union is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.71% | 3/19/23 |
| 30 Year Conventional Refi | 6.36% | 3/19/23 |
| 30 Year Cash-out Refi | 6.54% | 3/19/23 |
| 30 Year FHA Purchase | 7.06% | 3/19/23 |
| 30 Year FHA Refi | 6.74% | 3/19/23 |
| 30 Year VA Purchase | 6.07% | 3/19/23 |
| 30 Year VA Refi | 5.90% | 3/19/23 |
| 30 Year USDA Purchase | 6.23% | 3/19/23 |
| 15 Year Conventional Purchase | 6.06% | 3/19/23 |
| 15 Year Conventional Refi | 5.80% | 3/19/23 |
| 15 Year Cash-out Refi | 5.80% | 3/19/23 |
| 15 Year FHA Purchase | 5.68% | 3/19/23 |
| 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. | ||
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 mortgage rate was
2.94%.
The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.
This yields a difference of -0.21%.
Relative Fees (Closing Costs)
Tyndall Federal Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,704.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $4,750.
Top 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 |
|---|---|---|---|---|---|
| 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% |
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Product Mix
For 2021, Tyndall Federal Credit Union's most frequently originated type of loan was Conventional, with 1,195 originations. Their 2nd most popular type was VA, with 102 originations.
Loan Reason
For 2021, Tyndall Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 435 originations. The 2nd most popular reason was Refi, with 379 originations.
Loan Duration/Length
For 2021, Tyndall Federal Credit Union's most frequently cited loan duration was 30 Year, with 681 originations. The 2nd most popular length was 15 Year, with 473 originations.
Origination Fees/Closing Costs
Tyndall Federal Credit Union's average total fees were $3,704, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 2.94%, while their most frequently originated rate bucket for loans was 3-4%, with 472 originations.
Loan Sizing
2021 saw Tyndall Federal Credit Union place emphasis on $100k-200k loans with 511 originations, totaling $76,175,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications86.00%
Tyndall Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination66.62%
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 |