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 Refi, Home Purchase, 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, Daphne, Dothan, Mobile, and Crestview among others. We have data for 72 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
1,876Origination Dollar Volume (All Markets)
$340,140,000Awards
Tyndall Federal Credit Union - 2020
Tyndall Federal Credit Union is a 2020 , due to their low .
For 2020, 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) | 802 | $148,780,000 | $185,511 | $2,787 | 2.97% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 216 | $41,560,000 | $192,407 | $2,115 | 2.94% |
| Outside of Metro Areas | 248 | $38,650,000 | $155,847 | $2,586 | 3.09% |
| DOTHAN, AL (FHA|USDA|VA) | 176 | $28,820,000 | $163,750 | $2,200 | 2.75% |
| MOBILE, AL (FHA|USDA|VA) | 140 | $21,060,000 | $150,429 | $2,232 | 2.89% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 54 | $12,510,000 | $231,667 | $2,563 | 2.96% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 25 | $5,715,000 | $228,600 | $2,946 | 2.83% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 20 | $3,850,000 | $192,500 | $3,310 | 2.95% |
| Enterprise, AL (FHA|USDA|VA) | 17 | $3,185,000 | $187,353 | $3,273 | 2.79% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 15 | $3,015,000 | $201,000 | $2,138 | 3.11% |
| Ozark, AL (FHA|USDA|VA) | 16 | $2,880,000 | $180,000 | $2,540 | 2.66% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 15 | $2,845,000 | $189,667 | $1,965 | 2.79% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 13 | $2,665,000 | $205,000 | $2,216 | 3.03% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 9 | $2,375,000 | $263,889 | $3,078 | 2.72% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 4 | $1,530,000 | $382,500 | $4,015 | 2.69% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 7 | $1,415,000 | $202,143 | $2,098 | 2.50% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 5 | $1,065,000 | $213,000 | $3,356 | 2.88% |
| OCALA, FL (FHA|USDA|VA) | 3 | $1,005,000 | $335,000 | $3,386 | 2.71% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 5 | $895,000 | $179,000 | $2,260 | 2.70% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $4,213 | 2.75% |
| Atmore, AL (FHA|USDA|VA) | 5 | $825,000 | $165,000 | $2,589 | 2.65% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 4 | $800,000 | $200,000 | $2,176 | 3.00% |
| COLUMBIA, SC (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $2,495 | 2.38% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $5,838 | 2.67% |
| MONTGOMERY, AL (FHA|USDA|VA) | 4 | $690,000 | $172,500 | $3,992 | 2.34% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 4 | $620,000 | $155,000 | $2,047 | 2.69% |
| Troy, AL (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $1,907 | 2.83% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $5,221 | 2.75% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $3,839 | 2.88% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $2,389 | 2.63% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $1,700 | 2.83% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $2,346 | 2.63% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $2,565 | 3.06% |
| Heber, UT (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $2,147 | 3.25% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $5,122 | 2.75% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $2,454 | 2.88% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $2,210 | 2.25% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $1,539 | 2.25% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $10,373 | 3.38% |
| THE VILLAGES, FL (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $1,864 | 2.88% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,146 | 2.38% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,939 | 2.25% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,209 | 2.50% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,348 | 2.38% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,338 | 2.50% |
| HINESVILLE, GA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,275 | 2.25% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,242 | 2.88% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $1,216 | 2.88% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $1,781 | 2.38% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,729 | 3.50% |
| HATTIESBURG, MS (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $2,052 | 3.19% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,877 | 3.13% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $1,938 | 2.31% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,102 | 3.50% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,599 | 2.75% |
| Cullman, AL (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $1,331 | 3.19% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,447 | 3.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,585 | 2.50% |
| St. Marys, GA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,723 | 2.38% |
| Greeneville, TN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,595 | 3.50% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,019 | 2.63% |
| DULUTH, MN-WI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,409 | 2.38% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $1,544 | 2.38% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $1,714 | 3.00% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,282 | 2.75% |
| Tifton, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,143 | 4.10% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $1,396 | 4.29% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,429 | 2.25% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,834 | 2.50% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,078 | 3.00% |
| Torrington, CT (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $1,087 | 3.55% |
| Selma, AL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $1,654 | 4.50% |
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Product Mix
For 2020, Tyndall Federal Credit Union's most frequently originated type of loan was Conventional, with 1,725 originations. Their 2nd most popular type was VA, with 119 originations.
Loan Reason
For 2020, Tyndall Federal Credit Union's most frequently cited loan purpose was Refi, with 764 originations. The 2nd most popular reason was Home Purchase, with 521 originations.
Loan Duration/Length
For 2020, Tyndall Federal Credit Union's most frequently cited loan duration was 30 Year, with 994 originations. The 2nd most popular length was 15 Year, with 593 originations.
Origination Fees/Closing Costs
Tyndall Federal Credit Union's average total fees were $3,227, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,615 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 664 | $138,860,000 | $209,127 |
| 3-4% | 593 | $91,715,000 | $154,663 |
| <2.5% | 553 | $103,285,000 | $186,772 |
| 4-5% | 52 | $5,650,000 | $108,654 |
| 5-6% | 14 | $630,000 | $45,000 |
During 2020, Tyndall Federal Credit Union's average interest rate for loans was 2.98%, while their most frequently originated rate bucket for loans was 2.5-3%, with 664 originations.
Loan Sizing
2020 saw Tyndall Federal Credit Union place emphasis on $100k-200k loans with 835 originations, totaling $126,265,000 in origination value.
Applicant Income
Tyndall Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 470 originations. The second most popular income band? $100k-150k, with 437 originations.
Applicant Debt to Income Ratio
Tyndall Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 554 originations. The next most common DTI ratio? 30-36%, with 347 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.11%
Tyndall Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination73.77%
Tyndall Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,876 | $340,140,000 | $181,311 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 1,876 | $340,140,000 | $181,311 |