Tyndall Federal Credit Union Mortgage Rates, Fees & Info
Panama City, FLLEI: 254900VECGAWC5CPU773
Tax ID: 59-0793427
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Mortgage Data
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 61 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.78% | 4/21/24 |
| 30 Year Conventional Refi | 6.55% | 4/21/24 |
| 30 Year Cash-out Refi | 6.82% | 4/21/24 |
| 30 Year FHA Purchase | 7.17% | 4/21/24 |
| 30 Year FHA Refi | 6.27% | 4/21/24 |
| 30 Year VA Purchase | 6.20% | 4/21/24 |
| 30 Year VA Refi | 6.27% | 4/21/24 |
| 30 Year USDA Purchase | 6.45% | 4/21/24 |
| 15 Year Conventional Purchase | 6.11% | 4/21/24 |
| 15 Year Conventional Refi | 5.81% | 4/21/24 |
| 15 Year Cash-out Refi | 5.81% | 4/21/24 |
| 15 Year FHA Purchase | 5.68% | 4/21/24 |
| 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. | ||
Tyndall Federal Credit Union Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
835Origination Dollar Volume (All Markets)
$118,775,000Awards
Tyndall Federal Credit Union - 2019
Tyndall Federal Credit Union is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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) | 382 | $59,030,000 | $154,529 | $2,777 | 4.22% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 78 | $11,840,000 | $151,795 | $1,824 | 4.17% |
| Outside of Metro Areas | 100 | $10,580,000 | $105,800 | $2,091 | 4.25% |
| DOTHAN, AL (FHA|USDA|VA) | 65 | $8,735,000 | $134,385 | $2,596 | 4.11% |
| MOBILE, AL (FHA|USDA|VA) | 67 | $6,725,000 | $100,373 | $1,801 | 4.21% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 27 | $4,645,000 | $172,037 | $2,450 | 4.42% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 19 | $2,855,000 | $150,263 | $2,690 | 4.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 5 | $1,105,000 | $221,000 | $4,647 | 4.11% |
| Ozark, AL (FHA|USDA|VA) | 12 | $950,000 | $79,167 | $1,262 | 4.38% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 9 | $885,000 | $98,333 | $1,465 | 4.18% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 3 | $775,000 | $258,333 | $2,858 | 4.47% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $6,201 | 3.74% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $4,764 | 4.33% |
| Atmore, AL (FHA|USDA|VA) | 4 | $470,000 | $117,500 | $2,672 | 4.34% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $3,389 | 4.00% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $3,587 | 3.75% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $1,412 | 4.13% |
| COLUMBUS, OH (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $2,470 | 4.44% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 3 | $345,000 | $115,000 | $1,818 | 4.41% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $2,512 | 4.19% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $2,011 | 3.75% |
| Troy, AL (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $1,330 | 3.94% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $1,615 | 3.38% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,352 | 3.88% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,088 | 3.88% |
| RICHMOND, VA (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $1,785 | 3.63% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $1,419 | 4.24% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,232 | 3.88% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,948 | 4.38% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,724 | 3.38% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $440 | 4.50% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $1,894 | 3.50% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,366 | 3.13% |
| MONTGOMERY, AL (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $2,565 | 4.05% |
| Lake City, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,955 | 3.88% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $1,251 | 4.35% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,905 | 4.00% |
| Torrington, CT (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,845 | 4.00% |
| Eufaula, AL-GA (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $1,462 | 4.05% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $1,802 | 4.25% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,486 | 3.38% |
| New Philadelphia-Dover, OH (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,928 | 3.88% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,480 | 3.50% |
| Tifton, GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,535 | 3.50% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $960 | 4.38% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,802 | 4.38% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $1,678 | 3.88% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,415 | 4.50% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,678 | 3.13% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,569 | 5.38% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,241 | 3.88% |
| Jasper, AL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,067 | 4.00% |
| Enterprise, AL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,082 | 4.88% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $951 | 4.10% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $1,350 | 5.09% |
| Connersville, IN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $1,597 | 3.63% |
| Sayre, PA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,858 | 3.25% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $728 | 5.49% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $155 | 4.10% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $808 | 4.99% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $973 | 5.69% |
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Product Mix
For 2019, Tyndall Federal Credit Union's most frequently originated type of loan was Conventional, with 704 originations. Their 2nd most popular type was VA, with 66 originations.
Loan Reason
For 2019, Tyndall Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 418 originations. The 2nd most popular reason was Cash Out Refi, with 132 originations.
Loan Duration/Length
For 2019, Tyndall Federal Credit Union's most frequently cited loan duration was 30 Year, with 435 originations. The 2nd most popular length was 15 Year, with 250 originations.
Origination Fees/Closing Costs
Tyndall Federal Credit Union's average total fees were $3,700, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 707 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 447 | $56,565,000 | $126,544 |
| 3-4% | 311 | $55,755,000 | $179,277 |
| 5-6% | 66 | $5,090,000 | $77,121 |
| 2.5-3% | 8 | $1,220,000 | $152,500 |
| 6-7% | 3 | $145,000 | $48,333 |
During 2019, Tyndall Federal Credit Union's average interest rate for loans was 4.17%, while their most frequently originated rate bucket for loans was 4-5%, with 447 originations.
Loan Sizing
2019 saw Tyndall Federal Credit Union place emphasis on $100,000 or less loans with 318 originations, totaling $17,020,000 in origination value.
Applicant Income
Tyndall Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 226 originations. The second most popular income band? $50k or less, with 205 originations.
Applicant Debt to Income Ratio
Tyndall Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 169 originations. The next most common DTI ratio? 20-30%, with 163 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications78.31%
Tyndall Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination62.40%
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 | 835 | $118,775,000 | $142,246 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 835 | $118,775,000 | $142,246 |