Baton Rouge Telco Federal Credit Union Mortgage Rates, Fees & Info

Baton Rouge, LA

LEI: 549300194LW0QMECAH75

Tax ID: 72-0433982

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

Jump to:

  • 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

    Baton Rouge Telco Federal Credit Union is a smaller credit union specializing in Home Purchase, Cash Out Refi, and Refi loans. Baton Rouge Telco Federal Credit Union has a high proportion of conventional loans. Their top two markets are Baton Rouge and Hammond .

    Baton Rouge Telco Federal Credit Union has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders. Baton Rouge Telco 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.

    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 6.27% 11/21/24
    30 Year Conventional Refi 6.27% 11/21/24
    30 Year Cash-out Refi 6.27% 11/21/24
    15 Year Conventional Purchase 5.68% 11/21/24
    15 Year Conventional Refi 5.68% 11/21/24
    15 Year Cash-out Refi 5.68% 11/21/24
    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.

    Baton Rouge Telco 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 Baton Rouge Telco 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

    39

    Origination Dollar Volume (All Markets)

    $7,175,000

    Awards

    Baton Rouge Telco Federal Credit Union 30 Year Conventional Loans silver
    Show all (1) 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
    BATON ROUGE, LA (FHA|USDA|VA) 36 $6,910,000 $191,944 $4,356 4.20%
    HAMMOND, LA (FHA|USDA|VA) 3 $265,000 $88,333 $2,734 5.67%
    Baton Rouge Telco Federal Credit Union's top markets include Baton Rouge and Hammond among others.

    Their top states include:
  • Louisiana (FHA|USDA|VA)

    • Similar Lenders

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

    Baton Rouge Telco Federal Credit Union
    Similarity Rank: 110
    Neighbors Federal Credit Union
    Similarity Rank: 136
    Campus Federal Credit Union
    Similarity Rank: 544
    La Capitol Federal Credit Union
    Similarity Rank: 756
    Red River Bank
    Similarity Rank: 760
    Investar Bank
    Similarity Rank: 924
    DSLD MORTGAGE, LLC
    Similarity Rank: 952
    Home Bank
    Similarity Rank: 1045
    Pelican State Credit Union
    Similarity Rank: 1350
    FBT Mortgage, L.L.C.
    Similarity Rank: 1904

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 39 $7,175,000 $183,974 $4,228 4.31%

    For 2019, Baton Rouge Telco Federal Credit Union's most frequently originated type of loan was Conventional, with 39 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 17 $3,225,000 $189,706 $4,175 4.43%
    Cash Out Refi 15 $2,505,000 $167,000 $4,159 4.37%
    Refi 7 $1,445,000 $206,429 $4,494 3.89%

    For 2019, Baton Rouge Telco Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 17 originations. The 2nd most popular reason was Cash Out Refi, with 15 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 24 $5,620,000 $234,167 $4,844 4.05%
    15 Year 11 $1,345,000 $122,273 $3,535 4.34%
    5 Year 2 $60,000 $30,000 $1,745 7.25%
    10 Year 1 $45,000 $45,000 $2,484 3.50%
    Other 1 $105,000 $105,000 $3,099 5.13%

    For 2019, Baton Rouge Telco Federal Credit Union's most frequently cited loan duration was 30 Year, with 24 originations. The 2nd most popular length was 15 Year, with 11 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 15 $2,055,000 $137,000
    $2k-3k 11 $2,435,000 $221,364
    $3k-4k 6 $1,970,000 $328,333
    $<1k 5 $265,000 $53,000
    $4k-5k 1 $415,000 $415,000

    Baton Rouge Telco Federal Credit Union's average total fees were $4,844, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 15 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 20 $4,070,000 $203,500
    4-5% 14 $2,770,000 $197,857
    6-7% 3 $205,000 $68,333
    5-6% 1 $105,000 $105,000
    7-8% 1 $25,000 $25,000

    During 2019, Baton Rouge Telco Federal Credit Union's average interest rate for loans was 4.05%, while their most frequently originated rate bucket for loans was 3-4%, with 20 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 17 $2,545,000 $149,706 $3,758 4.26%
    $200k-400k 14 $3,820,000 $272,857 $5,324 4.09%
    $100,000 or less 7 $395,000 $56,429 $2,476 4.95%
    $400k-600k 1 $415,000 $415,000 $7,385 3.88%

    2019 saw Baton Rouge Telco Federal Credit Union place emphasis on $100k-200k loans with 17 originations, totaling $2,545,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 13 $1,545,000 $118,846 $3,313 4.53%
    $100k-150k 11 $2,345,000 $213,182 $4,783 4.45%
    $75k-100k 8 $1,670,000 $208,750 $4,531 3.91%
    $150k-250k 4 $960,000 $240,000 $4,891 3.97%
    $250k+ 3 $655,000 $218,333 $4,654 4.38%

    Baton Rouge Telco Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 13 originations. The second most popular income band? $100k-150k, with 11 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 10 $1,710,000 $171,000 $4,182 4.30%
    20-30% 9 $2,005,000 $222,778 $4,687 3.89%
    30-36% 5 $775,000 $155,000 $3,715 4.85%
    42% 3 $685,000 $228,333 $4,794 4.13%
    41% 2 $310,000 $155,000 $4,126 4.19%
    38% 2 $210,000 $105,000 $3,356 3.63%
    36% 2 $160,000 $80,000 $2,671 5.19%
    37% 2 $330,000 $165,000 $3,731 5.38%
    39% 2 $420,000 $210,000 $4,586 4.31%
    40% 1 $205,000 $205,000 $4,391 3.88%
    45% 1 $365,000 $365,000 $6,557 4.25%

    Baton Rouge Telco Federal Credit Union lent most frequently to those with DTI ratios of <20%, with 10 originations. The next most common DTI ratio? 20-30%, with 9 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 31 $5,455,000 $175,968 $4,122 4.26%
    Black 7 $1,525,000 $217,857 $4,646 4.64%
    Not provided 1 $195,000 $195,000 $4,473 3.63%

    Approval Rates

    Total approvals of all applications
    83.64%

    Baton Rouge Telco Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    92.31%

    Baton Rouge Telco Federal Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 39 $7,175,000 $183,974

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 39 $7,175,000 $183,974

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1 $35,000 $35,000 $0 6.13%
    40-60% 7 $985,000 $140,714 $3,555 4.30%
    60-80% 19 $4,125,000 $217,105 $4,616 4.16%
    80-100% 11 $1,985,000 $180,455 $4,145 4.49%
    Under 20% 1 $45,000 $45,000 $2,484 3.50%