Austin Telco Federal Credit Union Mortgage Rates, Fees & Info
Austin, TXLEI: 5493003WN6DPWM6VYA67
Tax ID: 74-1110192
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Mortgage Data
Review & Overview
Austin Telco Federal Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Austin Telco Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Austin, Houston, Killeen, Los Angeles, and Washington among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)Austin Telco 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. Austin Telco Federal Credit Union is typically a low 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.41% | 4/21/24 |
| 30 Year Conventional Refi | 5.98% | 4/21/24 |
| 30 Year Cash-out Refi | 6.34% | 4/21/24 |
| 30 Year VA Refi | 6.27% | 4/21/24 |
| 15 Year Conventional Purchase | 5.31% | 4/21/24 |
| 15 Year Conventional Refi | 5.76% | 4/21/24 |
| 15 Year Cash-out Refi | 5.76% | 4/21/24 |
| 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. | ||
Austin Telco Federal Credit Union Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
793Origination Dollar Volume (All Markets)
$120,715,000Awards
AUSTIN TELCO Federal Credit Union - 2018
AUSTIN TELCO Federal Credit Union is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 763 | $115,555,000 | $151,448 | $3,688 | 4.36% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 5 | $1,435,000 | $287,000 | $2,974 | 4.60% |
| Outside of Metro Areas | 8 | $880,000 | $110,000 | $5,016 | 4.34% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 4 | $400,000 | $100,000 | $1,281 | 4.90% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 5.13% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $2,472 | 4.13% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $3,655 | 4.13% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $3,743 | 4.31% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $5,830 | 3.75% |
| SAN ANGELO, TX (FHA|USDA|VA) | 3 | $285,000 | $95,000 | $0 | 5.58% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,855 | 4.38% |
| Bay City, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,244 | 4.63% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,195 | 4.88% |
Similar Lenders
We use machine learning to identify the top lenders compared against AUSTIN TELCO 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 | 774 | $119,400,000 | $154,264 | $3,661 | 4.34% |
| HELOC | 19 | $1,315,000 | $69,211 | n/a | 5.51% |
For 2018, Austin Telco Federal Credit Union's most frequently originated type of loan was Conventional, with 774 originations. Their 2nd most popular type was HELOC, with 19 originations.
Loan Reason
For 2018, Austin Telco Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 264 originations. The 2nd most popular reason was Cash Out Refi, with 217 originations.
Loan Duration/Length
For 2018, Austin Telco Federal Credit Union's most frequently cited loan duration was 15 Year, with 214 originations. The 2nd most popular length was 30 Year, with 187 originations.
Origination Fees/Closing Costs
Austin Telco Federal Credit Union's average total fees were $3,804, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 114 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 466 | $79,050,000 | $169,635 |
| 3-4% | 251 | $32,065,000 | $127,749 |
| 5-6% | 66 | $8,830,000 | $133,788 |
| 6-7% | 9 | $615,000 | $68,333 |
| 2.5-3% | 1 | $155,000 | $155,000 |
During 2018, Austin Telco Federal Credit Union's average interest rate for loans was 4.49%, while their most frequently originated rate bucket for loans was 4-5%, with 466 originations.
Loan Sizing
2018 saw Austin Telco Federal Credit Union place emphasis on $100,000 or less loans with 474 originations, totaling $28,550,000 in origination value.
Applicant Income
Austin Telco Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 237 originations. The second most popular income band? $150k-250k, with 182 originations.
Applicant Debt to Income Ratio
Austin Telco Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 189 originations. The next most common DTI ratio? 30-36%, with 179 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications83.84%
Austin Telco Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination83.98%
Austin Telco Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 793 | $120,715,000 | $152,226 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 793 | $120,715,000 | $152,226 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Academy Mortgage Corporation | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 3 | 37.5% |
| Academy Mortgage Corporation | Conventional home mortgage | Closing on a mortgage | 1 | 12.5% |
| Academy Mortgage Corporation | Conventional home mortgage | Struggling to pay mortgage | 1 | 12.5% |
| Academy Mortgage Corporation | FHA mortgage | Closing on a mortgage | 1 | 12.5% |
| Academy Mortgage Corporation | FHA mortgage | Trouble during payment process | 1 | 12.5% |
| Academy Mortgage Corporation | Other type of mortgage | Trouble during payment process | 1 | 12.5% |