Taunton Federal Credit Union Mortgage Rates, Fees & Info

Taunton, MA

LEI: 5493002AZUZUDBY8ZU75

Tax ID: 04-2162282

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

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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

    Taunton Federal Credit Union is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. Taunton Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Providence, Boston, and Barnstable Town among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Taunton 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.

    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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    Originations

    127

    Origination Dollar Volume (All Markets)

    $22,145,000

    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
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 115 $19,165,000 $166,652 $0 0.00%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 11 $2,645,000 $240,455 $0 0.00%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $335,000 $335,000 $0 0.00%
    Taunton Federal Credit Union's top markets include Providence, Boston, and Barnstable Town among others.

    Their top states include:
  • Massachusetts (FHA|USDA|VA)
  • Rhode Island (FHA|USDA|VA)

    • Similar Lenders

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

    SOMERSET
    Similarity Rank: 26
    Rhode Island Credit Union
    Similarity Rank: 116
    Sharon & Crescent United Credit Union
    Similarity Rank: 120
    PAWTUCKET
    Similarity Rank: 216
    St. Anne's Credit Union of Fall River, Mass.
    Similarity Rank: 234
    ROCKLAND
    Similarity Rank: 300
    Milford Federal Bank
    Similarity Rank: 306
    BankNewport
    Similarity Rank: 315
    OCEAN STATE CREDIT UNION
    Similarity Rank: 315
    WAVE FEDERAL CREDIT UNION
    Similarity Rank: 348

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 127 $22,145,000 $174,370 $0 0.00%

    For 2019, Taunton Federal Credit Union's most frequently originated type of loan was Conventional, with 127 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 49 $10,525,000 $214,796 $0 0.00%
    Cash Out Refi 39 $7,255,000 $186,026 $0 0.00%
    Refi 22 $3,010,000 $136,818 $0 0.00%
    Home Improvement 15 $1,285,000 $85,667 $0 0.00%
    Other 2 $70,000 $35,000 $0 0.00%

    For 2019, Taunton Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 49 originations. The 2nd most popular reason was Cash Out Refi, with 39 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 127 $22,145,000 $174,370 $0 0.00%

    For 2019, Taunton Federal Credit Union's most frequently cited loan duration was Other, with 127 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 42 $6,380,000 $151,905 $0 0.00%
    $200k-400k 41 $11,275,000 $275,000 $0 0.00%
    $100,000 or less 39 $2,015,000 $51,667 $0 0.00%
    $400k-600k 4 $1,790,000 $447,500 $0 0.00%
    $600k-1MM 1 $685,000 $685,000 $0 0.00%

    2019 saw Taunton Federal Credit Union place emphasis on $100k-200k loans with 42 originations, totaling $6,380,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 40 $6,160,000 $154,000 $0 0.00%
    $100k-150k 25 $4,875,000 $195,000 $0 0.00%
    $50k or less 25 $3,785,000 $151,400 $0 0.00%
    $150k-250k 17 $3,795,000 $223,235 $0 0.00%
    $75k-100k 13 $2,045,000 $157,308 $0 0.00%
    $250k+ 2 $710,000 $355,000 $0 0.00%

    Taunton Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 40 originations. The second most popular income band? $100k-150k, with 25 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 127 $22,145,000 $174,370 $0 0.00%

    Taunton Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 127 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 106 $17,230,000 $162,547 $0 0.00%
    Black 8 $2,050,000 $256,250 $0 0.00%
    Not provided 6 $1,520,000 $253,333 $0 0.00%
    Not applicable 5 $775,000 $155,000 $0 0.00%
    Asian 2 $570,000 $285,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.27%

    Taunton Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.19%

    Taunton Federal Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 127 $22,145,000 $174,370

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 6 $1,170,000 $195,000
    Single Family (1-4 Units):Manufactured 4 $270,000 $67,500
    Single Family (1-4 Units):Site-Built 117 $20,705,000 $176,966