Tyndall Federal Credit Union Mortgage Rates, Fees & Info

Panama City, FL

LEI: 254900VECGAWC5CPU773

Tax ID: 59-0793427

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Tyndall Federal Credit Union is a smaller credit union specializing in Home Purchase loans. Tyndall Federal Credit Union has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Panama City, Daphne, Dothan, Mobile, and Crestview among others. We have data for 43 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 a low 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.78% 5/5/24
    30 Year Conventional Refi 6.55% 5/5/24
    30 Year Cash-out Refi 6.82% 5/5/24
    30 Year FHA Purchase 7.17% 5/5/24
    30 Year FHA Refi 6.27% 5/5/24
    30 Year VA Purchase 6.20% 5/5/24
    30 Year VA Refi 6.27% 5/5/24
    30 Year USDA Purchase 6.45% 5/5/24
    15 Year Conventional Purchase 6.11% 5/5/24
    15 Year Conventional Refi 5.81% 5/5/24
    15 Year Cash-out Refi 5.81% 5/5/24
    15 Year FHA Purchase 5.68% 5/5/24
    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.

    Tyndall Federal Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Tyndall Federal Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    660

    Origination Dollar Volume (All Markets)

    $83,060,000
    Show all (12) awards

    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) 364 $47,930,000 $131,676 $2,158 4.59%
    Outside of Metro Areas 78 $7,940,000 $101,795 $1,629 4.63%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 47 $5,735,000 $122,021 $1,405 4.66%
    DOTHAN, AL (FHA|USDA|VA) 39 $4,355,000 $111,667 $1,233 4.59%
    MOBILE, AL (FHA|USDA|VA) 35 $3,535,000 $101,000 $1,561 4.71%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 22 $3,160,000 $143,636 $1,723 4.55%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 7 $1,325,000 $189,286 $2,847 4.48%
    TALLAHASSEE, FL (FHA|USDA|VA) 7 $1,055,000 $150,714 $2,280 4.54%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 3 $1,025,000 $341,667 $7,342 4.67%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 4 $830,000 $207,500 $3,772 4.41%
    Ozark, AL (FHA|USDA|VA) 8 $600,000 $75,000 $666 4.53%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 5 $485,000 $97,000 $1,207 4.62%
    Atmore, AL (FHA|USDA|VA) 4 $470,000 $117,500 $1,516 4.41%
    ANNISTON-OXFORD, AL (FHA|USDA|VA) 2 $450,000 $225,000 $1,403 4.19%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 2 $440,000 $220,000 $8,215 4.25%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 3 $395,000 $131,667 $3,058 4.48%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 2 $310,000 $155,000 $2,069 4.69%
    OCALA, FL (FHA|USDA|VA) 1 $295,000 $295,000 $3,016 4.50%
    RALEIGH-CARY, NC (FHA|USDA|VA) 2 $240,000 $120,000 $1,283 4.65%
    MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $235,000 $235,000 $7,984 4.25%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $235,000 $235,000 $10,980 4.88%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $215,000 $215,000 $3,437 3.88%
    HATTIESBURG, MS (FHA|USDA|VA) 1 $195,000 $195,000 $465 4.75%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $185,000 $185,000 $2,872 4.00%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $160,000 $80,000 $1,894 4.09%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $155,000 $155,000 $2,826 5.25%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $135,000 $135,000 $3,047 4.63%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $125,000 $125,000 $2,861 3.75%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $105,000 $105,000 $1,437 4.55%
    SAVANNAH, GA (FHA|USDA|VA) 1 $85,000 $85,000 $2,701 4.50%
    MORRISTOWN, TN (FHA|USDA|VA) 1 $85,000 $85,000 $3,306 4.63%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $75,000 $75,000 $1,616 4.88%
    Sedalia, MO (FHA|USDA|VA) 1 $75,000 $75,000 $499 4.63%
    FLINT, MI (FHA|USDA|VA) 1 $65,000 $65,000 $720 4.65%
    Opelousas, LA (FHA|USDA|VA) 1 $65,000 $65,000 $1,524 4.40%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $55,000 $55,000 $834 4.70%
    Enterprise, AL (FHA|USDA|VA) 1 $45,000 $45,000 $903 4.13%
    MONTGOMERY, AL (FHA|USDA|VA) 1 $35,000 $35,000 $192 3.40%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $35,000 $35,000 $103 4.50%
    Charleston-Mattoon, IL (FHA|USDA|VA) 1 $35,000 $35,000 $1,432 3.88%
    WILMINGTON, NC (FHA|USDA|VA) 1 $35,000 $35,000 $921 4.40%
    HUNTSVILLE, AL (FHA|USDA|VA) 1 $25,000 $25,000 $192 5.50%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $25,000 $25,000 $192 5.70%
    Tyndall Federal Credit Union's top markets include Panama City, Daphne, Dothan, Mobile, and Crestview among others.

    Their top states include:
  • Florida (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Tyndall Federal Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Eglin Federal Credit Union
    Similarity Rank: 30
    NAVIGATOR CU
    Similarity Rank: 144
    MORTGAGE ONE OF THE SOUTH, INC.
    Similarity Rank: 228
    CAMPUS USA
    Similarity Rank: 279
    Centennial Lending Group LLC.
    Similarity Rank: 496
    APCO EMPLOYEES
    Similarity Rank: 825
    First Federal Bank, A FSB
    Similarity Rank: 1435
    DELMAR FINANCIAL COMPANY
    Similarity Rank: 1608
    Capital City Bank
    Similarity Rank: 1785
    The Home Lending Group LLC
    Similarity Rank: 1980

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 559 $64,225,000 $114,893 $1,508 4.63%
    VA 58 $11,900,000 $205,172 $4,805 4.36%
    FHA 28 $4,810,000 $171,786 $4,900 4.50%
    USDA 15 $2,125,000 $141,667 $2,929 4.28%

    For 2018, Tyndall Federal Credit Union's most frequently originated type of loan was Conventional, with 559 originations. Their 2nd most popular type was VA, with 58 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 316 $54,980,000 $173,987 $3,062 4.60%
    Other 127 $8,095,000 $63,740 $664 4.54%
    Home Improvement 103 $5,695,000 $55,291 $339 4.60%
    Cash Out Refi 79 $8,755,000 $110,823 $1,663 4.70%
    Refi 35 $5,535,000 $158,143 $2,414 4.54%

    For 2018, Tyndall Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 316 originations. The 2nd most popular reason was Other, with 127 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 306 $56,400,000 $184,314 $3,146 4.67%
    15 Year 174 $14,340,000 $82,414 $1,207 4.66%
    10 Year 99 $5,785,000 $58,434 $446 4.55%
    5 Year 44 $1,790,000 $40,682 $248 4.17%
    20 Year 19 $3,285,000 $172,895 $3,066 4.41%
    Other 18 $1,460,000 $81,111 $920 4.10%

    For 2018, Tyndall Federal Credit Union's most frequently cited loan duration was 30 Year, with 306 originations. The 2nd most popular length was 15 Year, with 174 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 576 $68,450,000 $118,837
    $1k-2k 55 $8,795,000 $159,909
    $2k-3k 14 $2,390,000 $170,714
    $3k-4k 13 $2,825,000 $217,308
    $4k-5k 1 $215,000 $215,000
    $5k+ 1 $385,000 $385,000

    Tyndall Federal Credit Union's average total fees were $3,146, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 576 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 471 $63,195,000 $134,172
    5-6% 101 $10,145,000 $100,446
    3-4% 87 $9,515,000 $109,368
    2.5-3% 1 $205,000 $205,000

    During 2018, Tyndall Federal Credit Union's average interest rate for loans was 4.67%, while their most frequently originated rate bucket for loans was 4-5%, with 471 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 315 $16,835,000 $53,444 $784 4.61%
    $100k-200k 223 $33,065,000 $148,274 $2,538 4.57%
    $200k-400k 117 $30,005,000 $256,453 $4,013 4.58%
    $400k-600k 3 $1,375,000 $458,333 $4,203 5.04%
    $1MM+ 1 $1,015,000 $1,015,000 $6,078 4.75%
    $600k-1MM 1 $765,000 $765,000 $1,450 4.50%

    2018 saw Tyndall Federal Credit Union place emphasis on $100,000 or less loans with 315 originations, totaling $16,835,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 194 $23,250,000 $119,845 $2,281 4.55%
    $50k or less 158 $13,060,000 $82,658 $1,318 4.60%
    $75k-100k 124 $16,440,000 $132,581 $1,972 4.60%
    $100k-150k 122 $18,360,000 $150,492 $2,191 4.66%
    $150k-250k 49 $8,875,000 $181,122 $2,312 4.54%
    $250k+ 6 $1,810,000 $301,667 $2,398 4.84%

    Tyndall Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 194 originations. The second most popular income band? $50k or less, with 158 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 154 $18,850,000 $122,403 $2,136 4.61%
    20-30% 133 $16,585,000 $124,699 $2,058 4.52%
    <20% 49 $5,675,000 $115,816 $1,927 4.42%
    44% 48 $4,410,000 $91,875 $1,023 4.71%
    42% 46 $4,850,000 $105,435 $1,501 4.49%
    39% 34 $4,180,000 $122,941 $1,765 4.64%
    38% 33 $4,605,000 $139,545 $1,826 4.70%
    37% 29 $4,015,000 $138,448 $1,955 4.66%
    40% 27 $4,575,000 $169,444 $2,326 4.65%
    41% 27 $3,375,000 $125,000 $1,391 4.70%
    43% 27 $2,455,000 $90,926 $1,149 4.56%
    36% 20 $3,340,000 $167,000 $2,667 4.57%
    45% 11 $2,335,000 $212,273 $4,270 4.63%
    46% 7 $1,165,000 $166,429 $3,538 4.72%
    48% 6 $1,010,000 $168,333 $2,467 4.67%
    49% 4 $590,000 $147,500 $2,443 5.03%
    50-60% 3 $635,000 $211,667 $6,215 4.83%
    47% 2 $410,000 $205,000 $5,403 5.00%

    Tyndall Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 154 originations. The next most common DTI ratio? 20-30%, with 133 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 490 $60,630,000 $123,735 $1,917 4.60%
    Not provided 117 $14,965,000 $127,906 $2,021 4.59%
    Black 39 $5,335,000 $136,795 $1,931 4.60%
    Asian 13 $2,075,000 $159,615 $3,946 4.40%
    American Indian 1 $55,000 $55,000 $155 4.70%

    Approval Rates

    Total approvals of all applications
    78.97%

    Tyndall Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    71.36%

    Tyndall Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 660 $83,060,000 $125,848

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 660 $83,060,000 $125,848

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 91 $4,925,000 $54,121 $541 4.68%
    40-60% 78 $6,930,000 $88,846 $1,335 4.50%
    60-80% 146 $21,210,000 $145,274 $2,246 4.51%
    80-100% 256 $44,390,000 $173,398 $2,731 4.65%
    Over 100% 12 $2,980,000 $248,333 $8,642 4.31%
    Under 20% 77 $2,625,000 $34,091 $241 4.63%