Taunton Federal Credit Union Mortgage Rates, Fees & Info
Taunton, MALEI: 5493002AZUZUDBY8ZU75
Tax ID: 04-2162282
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Taunton Federal Credit Union is a smaller credit union specializing in Cash Out Refi and Refi loans. Taunton Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Providence, Boston, Barnstable Town, and Worcester among others. We have data for 4 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.
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Originations
168Origination Dollar Volume (All Markets)
$45,580,000Top 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 |
|---|---|---|---|---|---|
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 140 | $38,970,000 | $278,357 | $0 | 0.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 23 | $5,455,000 | $237,174 | $0 | 0.00% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 4 | $1,040,000 | $260,000 | $0 | 0.00% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
Their top states include:
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 168 | $45,580,000 | $271,310 | $0 | 0.00% |
For 2020, Taunton Federal Credit Union's most frequently originated type of loan was Conventional, with 168 originations.
Loan Reason
For 2020, Taunton Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 75 originations. The 2nd most popular reason was Refi, with 52 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 168 | $45,580,000 | $271,310 | $0 | 0.00% |
For 2020, Taunton Federal Credit Union's most frequently cited loan duration was Other, with 168 originations.
Loan Sizing
2020 saw Taunton Federal Credit Union place emphasis on $200k-400k loans with 81 originations, totaling $22,335,000 in origination value.
Applicant Income
Taunton Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 41 originations. The second most popular income band? $75k-100k, with 41 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 168 | $45,580,000 | $271,310 | $0 | 0.00% |
Taunton Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 168 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.02%
Taunton Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination83.93%
Taunton Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 168 | $45,580,000 | $271,310 |