Austin Telco Federal Credit Union Mortgage Rates, Fees & Info

Austin, TX

LEI: 5493003WN6DPWM6VYA67

Tax ID: 74-1110192

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.41% 12/16/24
    30 Year Conventional Refi 5.98% 12/16/24
    30 Year Cash-out Refi 6.34% 12/16/24
    30 Year VA Refi 6.27% 12/16/24
    15 Year Conventional Purchase 5.31% 12/16/24
    15 Year Conventional Refi 5.76% 12/16/24
    15 Year Cash-out Refi 5.76% 12/16/24
    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






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Austin Telco Federal Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    793

    Origination Dollar Volume (All Markets)

    $120,715,000

    Awards

    AUSTIN TELCO Federal Credit Union 30 Year Conventional Loans gold AUSTIN TELCO Federal Credit Union 30 Year Conventional Loans silver AUSTIN TELCO Federal Credit Union 30 Year Conventional Loans silver
    Show all (3) awards

    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%
    Austin Telco Federal Credit Union's top markets include Austin, Houston, Killeen, Los Angeles, and Washington among others.

    Their top states include:
  • Texas (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)

    • 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.

    SOUTHERN LENDING SERVICES, LTD.
    Similarity Rank: 386
    AUSTIN TELCO Federal Credit Union
    Similarity Rank: 481
    ADVISA MORTGAGE SERVICES, LTD.
    Similarity Rank: 498
    HIGHLAND HOMELOANS, LLC
    Similarity Rank: 540
    AMERICAN HERITAGE CAPITAL, L.P.
    Similarity Rank: 546
    CRESTMARK MORTGAGE COMPANY, LTD.
    Similarity Rank: 596
    PRIORITY HOME MORTGAGE, L.P.
    Similarity Rank: 690
    A+ Federal Credit Union
    Similarity Rank: 975
    AMPLIFY
    Similarity Rank: 1512
    Extraco Banks
    Similarity Rank: 1650

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 264 $16,800,000 $63,636 $2,312 4.32%
    Cash Out Refi 217 $38,175,000 $175,922 $4,428 4.41%
    Home Purchase 170 $51,350,000 $302,059 $3,202 4.39%
    Other 104 $7,160,000 $68,846 $2,270 4.36%
    Refi 38 $7,230,000 $190,263 $4,329 4.25%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 214 $25,360,000 $118,505 $3,864 4.27%
    30 Year 187 $60,125,000 $321,524 $3,804 4.49%
    20 Year 173 $21,795,000 $125,983 $2,851 4.77%
    10 Year 138 $9,350,000 $67,754 $1,215 4.09%
    5 Year 66 $2,920,000 $44,242 $0 3.83%
    Other 12 $1,040,000 $86,667 $3,864 4.75%
    3 Year 3 $125,000 $41,667 $0 3.35%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 114 $32,930,000 $288,860
    $1k-2k 59 $15,025,000 $254,661
    $2k-3k 23 $8,605,000 $374,130
    $5k+ 10 $7,810,000 $781,000
    $3k-4k 9 $3,605,000 $400,556
    $4k-5k 6 $1,660,000 $276,667

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 474 $28,550,000 $60,232 $1,045 4.36%
    $200k-400k 139 $38,415,000 $276,367 $3,420 4.42%
    $100k-200k 122 $19,030,000 $155,984 $2,951 4.36%
    $400k-600k 41 $19,495,000 $475,488 $4,364 4.32%
    $600k-1MM 11 $7,705,000 $700,455 $7,156 4.35%
    $1MM+ 6 $7,520,000 $1,253,333 $12,139 4.31%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 237 $29,795,000 $125,717 $3,458 4.35%
    $150k-250k 182 $31,100,000 $170,879 $4,171 4.37%
    $75k-100k 124 $14,480,000 $116,774 $3,081 4.39%
    $50k-75k 111 $12,185,000 $109,775 $2,638 4.39%
    $250k+ 88 $29,570,000 $336,023 $5,386 4.21%
    $50k or less 51 $3,585,000 $70,294 $2,203 4.56%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 189 $24,655,000 $130,450 $3,205 4.25%
    30-36% 179 $29,265,000 $163,492 $3,818 4.35%
    <20% 92 $11,120,000 $120,870 $3,306 4.13%
    46% 36 $5,980,000 $166,111 $4,046 4.56%
    47% 33 $4,025,000 $121,970 $2,147 4.51%
    48% 28 $3,650,000 $130,357 $3,782 4.62%
    44% 28 $3,380,000 $120,714 $2,529 4.50%
    42% 27 $5,245,000 $194,259 $4,683 4.49%
    43% 26 $4,080,000 $156,923 $4,088 4.44%
    36% 25 $4,075,000 $163,000 $4,879 4.34%
    40% 23 $3,765,000 $163,696 $3,043 4.53%
    38% 19 $3,635,000 $191,316 $5,678 4.39%
    41% 19 $3,055,000 $160,789 $2,284 4.53%
    39% 19 $4,155,000 $218,684 $1,880 4.52%
    45% 19 $2,445,000 $128,684 $2,191 4.68%
    37% 18 $3,650,000 $202,778 $5,329 4.33%
    49% 11 $4,195,000 $381,364 $6,725 4.39%
    50-60% 2 $340,000 $170,000 $3,864 5.13%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 676 $96,760,000 $143,136 $3,806 4.37%
    Asian 62 $11,780,000 $190,000 $2,472 4.29%
    Not provided 23 $8,595,000 $373,696 $4,468 4.39%
    Black 22 $2,390,000 $108,636 $2,527 4.37%
    American Indian 10 $1,190,000 $119,000 $3,197 4.35%

    Approval Rates

    Total approvals of all applications
    83.84%

    Austin Telco Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    83.98%

    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

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 214 $20,550,000 $96,028 $2,306 4.39%
    40-60% 87 $17,555,000 $201,782 $3,720 4.35%
    60-80% 142 $48,380,000 $340,704 $4,337 4.46%
    80-100% 60 $19,500,000 $325,000 $3,033 4.39%
    Under 20% 290 $14,730,000 $50,793 $1,172 4.30%

    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%