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 Home Purchase and Cash Out Refi loans. Taunton Federal Credit Union has a high proportion of conventional loans. Their top two markets are Providence and Boston .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.
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Originations
98Origination Dollar Volume (All Markets)
$28,550,000Top 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) | 84 | $24,530,000 | $292,024 | $0 | 0.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 14 | $4,020,000 | $287,143 | $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 | 98 | $28,550,000 | $291,327 | $0 | 0.00% |
For 2022, Taunton Federal Credit Union's most frequently originated type of loan was Conventional, with 98 originations.
Loan Reason
For 2022, Taunton Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 50 originations. The 2nd most popular reason was Cash Out Refi, with 27 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 98 | $28,550,000 | $291,327 | $0 | 0.00% |
For 2022, Taunton Federal Credit Union's most frequently cited loan duration was Other, with 98 originations.
Loan Sizing
2022 saw Taunton Federal Credit Union place emphasis on $200k-400k loans with 50 originations, totaling $14,840,000 in origination value.
Applicant Income
Taunton Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 22 originations. The second most popular income band? $50k-75k, with 20 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 98 | $28,550,000 | $291,327 | $0 | 0.00% |
Taunton Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 98 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.89%
Taunton Federal 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 origination86.73%
Taunton Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 98 | $28,550,000 | $291,327 |