Fl. Dept. Of Transportation Credit Union Mortgage Rates, Fees & Info
Tallahassee, FLLEI: 254900ZBZ4M7TCGJWL09
Tax ID: 59-6140072
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Mortgage Data
Review & Overview
Fl. Dept. Of Transportation Credit Union is a smaller credit union specializing in Refi loans. Fl. Dept. Of Transportation Credit Union has a high proportion of conventional loans. Their top (well, only) market is Tallahassee.Fl. Dept. Of Transportation Credit Union has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
1Origination Dollar Volume (All Markets)
$125,000Top 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 |
|---|---|---|---|---|---|
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,524 | 2.75% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 1 | $125,000 | $125,000 | $4,524 | 2.75% |
For 2020, Fl. Dept. Of Transportation Credit Union's most frequently originated type of loan was Conventional, with 1 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 1 | $125,000 | $125,000 | $4,524 | 2.75% |
For 2020, Fl. Dept. Of Transportation Credit Union's most frequently cited loan purpose was Refi, with 1 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 10 Year | 1 | $125,000 | $125,000 | $4,524 | 2.75% |
For 2020, Fl. Dept. Of Transportation Credit Union's most frequently cited loan duration was 10 Year, with 1 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $2k-3k | 1 | $125,000 | $125,000 |
Fl. Dept. Of Transportation Credit Union's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 1 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 1 | $125,000 | $125,000 |
During 2020, Fl. Dept. Of Transportation Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-200k | 1 | $125,000 | $125,000 | $4,524 | 2.75% |
2020 saw Fl. Dept. Of Transportation Credit Union place emphasis on $100k-200k loans with 1 originations, totaling $125,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $75k-100k | 1 | $125,000 | $125,000 | $4,524 | 2.75% |
Fl. Dept. Of Transportation Credit Union lent most frequently to those with incomes in the $75k-100k range, with 1 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 1 | $125,000 | $125,000 | $4,524 | 2.75% |
Fl. Dept. Of Transportation Credit Union lent most frequently to those with DTI ratios of 20-30%, with 1 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 1 | $125,000 | $125,000 | $4,524 | 2.75% |
Approval Rates
Total approvals of all applications100.00%
Fl. Dept. Of Transportation Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination-100.00%
Fl. Dept. Of Transportation 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 | $125,000 | $125,000 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 1 | $125,000 | $125,000 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 60-80% | 1 | $125,000 | $125,000 | $4,524 | 2.75% |
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Flat Branch Mortgage, Inc. | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |