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 Cash Out Refi, Refi, and Home Purchase 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 above 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

    157

    Origination Dollar Volume (All Markets)

    $37,415,000

    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) 135 $32,015,000 $237,148 $0 0.00%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 21 $5,365,000 $255,476 $0 0.00%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $35,000 $35,000 $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: 87
    Homestar Mortgage, Inc.
    Similarity Rank: 156
    Sharon & Crescent United Credit Union
    Similarity Rank: 205
    Bridgewater Savings Bank
    Similarity Rank: 224
    FALL RIVER MUNICIPAL CREDIT UNION
    Similarity Rank: 396
    OCEAN STATE CREDIT UNION
    Similarity Rank: 405
    HARVARD UNIVERSITY EMPLOYEES
    Similarity Rank: 418
    Dedham Institution for Savings
    Similarity Rank: 518
    Rhode Island Credit Union
    Similarity Rank: 524
    ROCKLAND
    Similarity Rank: 540

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 157 $37,415,000 $238,312 $0 0.00%

    For 2021, Taunton Federal Credit Union's most frequently originated type of loan was Conventional, with 157 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 68 $16,610,000 $244,265 $0 0.00%
    Refi 46 $9,450,000 $205,435 $0 0.00%
    Home Purchase 36 $10,940,000 $303,889 $0 0.00%
    Other 7 $415,000 $59,286 $0 0.00%

    For 2021, Taunton Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 68 originations. The 2nd most popular reason was Refi, with 46 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 157 $37,415,000 $238,312 $0 0.00%

    For 2021, Taunton Federal Credit Union's most frequently cited loan duration was Other, with 157 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 79 $21,875,000 $276,899 $0 0.00%
    $100k-200k 48 $7,620,000 $158,750 $0 0.00%
    $100,000 or less 16 $670,000 $41,875 $0 0.00%
    $400k-600k 11 $4,865,000 $442,273 $0 0.00%
    $600k-1MM 3 $2,385,000 $795,000 $0 0.00%

    2021 saw Taunton Federal Credit Union place emphasis on $200k-400k loans with 79 originations, totaling $21,875,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 40 $8,160,000 $204,000 $0 0.00%
    $100k-150k 37 $8,845,000 $239,054 $0 0.00%
    $75k-100k 33 $8,225,000 $249,242 $0 0.00%
    $150k-250k 20 $5,340,000 $267,000 $0 0.00%
    $50k or less 12 $1,930,000 $160,833 $0 0.00%
    $250k+ 2 $790,000 $395,000 $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 37 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 157 $37,415,000 $238,312 $0 0.00%

    Taunton Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 157 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 89 $20,925,000 $235,112 $0 0.00%
    Not provided 42 $9,060,000 $215,714 $0 0.00%
    Not applicable 13 $4,125,000 $317,308 $0 0.00%
    Black 9 $2,335,000 $259,444 $0 0.00%
    Asian 4 $970,000 $242,500 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.70%

    Taunton Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.54%

    Taunton Federal Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 157 $37,415,000 $238,312

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    157 $37,415,000 $238,312