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, Dallas, San Jose, and San Antonio among others. We have data for 17 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

    763

    Origination Dollar Volume (All Markets)

    $107,655,000

    Awards

    AUSTIN TELCO Federal Credit Union 30 Year Conventional Loans silver
    Show all (1) 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) 731 $100,255,000 $137,148 $1,323 4.06%
    Outside of Metro Areas 10 $1,920,000 $192,000 $2,160 3.74%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 3 $965,000 $321,667 $1,945 3.46%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 3 $875,000 $291,667 $4,350 3.67%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $735,000 $735,000 $7,040 3.50%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $540,000 $270,000 $1,776 4.00%
    BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $485,000 $485,000 $2,829 4.00%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 2 $290,000 $145,000 $1,582 4.19%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $265,000 $265,000 $0 5.50%
    Rockport, TX (FHA|USDA|VA) 1 $235,000 $235,000 $3,175 5.00%
    Ruidoso, NM (FHA|USDA|VA) 1 $195,000 $195,000 $3,821 4.13%
    Port Lavaca, TX (FHA|USDA|VA) 1 $195,000 $195,000 $3,207 4.88%
    LUBBOCK, TX (FHA|USDA|VA) 1 $195,000 $195,000 $1,576 3.88%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 2 $170,000 $85,000 $1,322 4.19%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $145,000 $145,000 $3,394 3.63%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $145,000 $145,000 $2,890 4.63%
    SAN ANGELO, TX (FHA|USDA|VA) 1 $45,000 $45,000 $0 5.88%
    Austin Telco Federal Credit Union's top markets include Austin, Houston, Dallas, San Jose, and San Antonio among others.

    Their top states include:
  • Texas (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Louisiana (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)
  • Colorado (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.

    AAXY L.L.C.
    Similarity Rank: 368
    SMART CHOICE MORTGAGE, A TEXAS LIMITED LIABILITY C
    Similarity Rank: 459
    HIGHLAND HOMELOANS, LLC
    Similarity Rank: 534
    SOUTHERN LENDING SERVICES, LTD.
    Similarity Rank: 1120
    TJC Mortgage, Inc.
    Similarity Rank: 1512
    AUSTIN TELCO Federal Credit Union
    Similarity Rank: 1547
    ADVISA MORTGAGE SERVICES, LTD.
    Similarity Rank: 1590
    FC LENDING, LTD.
    Similarity Rank: 2220
    PRIORITY HOME MORTGAGE, L.P.
    Similarity Rank: 2247
    LOANFLIGHT LENDING, LLC
    Similarity Rank: 2294

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 744 $106,080,000 $142,581 $1,363 4.02%
    HELOC 18 $1,270,000 $70,556 n/a 5.78%
    VA 1 $305,000 $305,000 $11,977 5.13%

    For 2019, Austin Telco Federal Credit Union's most frequently originated type of loan was Conventional, with 744 originations. Their 2nd most popular type was HELOC, with 18 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 207 $30,215,000 $145,966 $1,589 4.09%
    Home Improvement 204 $13,080,000 $64,118 $175 4.18%
    Other 159 $11,145,000 $70,094 $238 4.00%
    Home Purchase 111 $34,705,000 $312,658 $2,743 4.05%
    Refi 82 $18,510,000 $225,732 $3,498 3.82%

    For 2019, Austin Telco Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 207 originations. The 2nd most popular reason was Home Improvement, with 204 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 205 $24,875,000 $121,341 $1,000 4.27%
    15 Year 188 $21,140,000 $112,447 $966 4.18%
    30 Year 154 $49,340,000 $320,390 $3,768 4.07%
    10 Year 135 $8,785,000 $65,074 $327 3.86%
    5 Year 78 $3,410,000 $43,718 $94 3.56%
    Other 3 $105,000 $35,000 $100 4.00%

    For 2019, Austin Telco Federal Credit Union's most frequently cited loan duration was 20 Year, with 205 originations. The 2nd most popular length was 15 Year, with 188 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 300 $56,970,000 $189,900
    $1k-2k 44 $10,100,000 $229,545
    $2k-3k 18 $6,800,000 $377,778
    $3k-4k 9 $3,295,000 $366,111
    $4k-5k 7 $3,845,000 $549,286
    $5k+ 6 $3,640,000 $606,667

    Austin Telco Federal Credit Union's average total fees were $3,768, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 300 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 390 $60,070,000 $154,026
    4-5% 296 $38,230,000 $129,155
    5-6% 48 $5,040,000 $105,000
    2.5-3% 20 $3,750,000 $187,500
    6-7% 8 $550,000 $68,750
    7-8% 1 $15,000 $15,000

    During 2019, Austin Telco Federal Credit Union's average interest rate for loans was 4.07%, while their most frequently originated rate bucket for loans was 3-4%, with 390 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 489 $29,745,000 $60,828 $158 4.10%
    $200k-400k 114 $31,860,000 $279,474 $3,497 3.93%
    $100k-200k 109 $16,925,000 $155,275 $2,447 4.11%
    $400k-600k 34 $16,510,000 $485,588 $4,083 3.88%
    $600k-1MM 16 $11,510,000 $719,375 $5,076 3.91%
    $1MM+ 1 $1,105,000 $1,105,000 $21,357 3.38%

    2019 saw Austin Telco Federal Credit Union place emphasis on $100,000 or less loans with 489 originations, totaling $29,745,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 201 $24,305,000 $120,920 $1,271 4.00%
    $150k-250k 195 $33,495,000 $171,769 $1,615 4.00%
    $75k-100k 133 $14,005,000 $105,301 $1,099 4.11%
    $50k-75k 110 $9,530,000 $86,636 $785 4.07%
    $250k+ 72 $22,180,000 $308,056 $2,858 3.99%
    $50k or less 52 $4,140,000 $79,615 $818 4.48%

    Austin Telco Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 201 originations. The second most popular income band? $150k-250k, with 195 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 210 $30,500,000 $145,238 $1,373 3.95%
    30-36% 144 $20,730,000 $143,958 $1,374 4.04%
    <20% 83 $11,535,000 $138,976 $1,417 3.88%
    47% 43 $4,765,000 $110,814 $1,086 4.29%
    46% 30 $4,530,000 $151,000 $1,510 4.34%
    42% 28 $4,200,000 $150,000 $1,651 4.13%
    38% 28 $3,400,000 $121,429 $881 4.02%
    36% 27 $3,715,000 $137,593 $1,417 4.14%
    37% 24 $5,040,000 $210,000 $2,054 4.23%
    39% 21 $2,965,000 $141,190 $1,308 4.22%
    44% 20 $3,240,000 $162,000 $1,354 3.83%
    43% 19 $2,245,000 $118,158 $1,006 4.36%
    41% 19 $2,725,000 $143,421 $1,844 4.23%
    45% 19 $1,965,000 $103,421 $1,245 4.22%
    40% 18 $1,870,000 $103,889 $1,290 4.01%
    48% 14 $1,320,000 $94,286 $462 4.25%
    49% 7 $2,385,000 $340,714 $4,643 4.18%
    >60% 6 $280,000 $46,667 $187 4.62%
    50-60% 3 $245,000 $81,667 $0 3.65%

    Austin Telco Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 210 originations. The next most common DTI ratio? 30-36%, with 144 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 661 $88,015,000 $133,154 $1,258 4.07%
    Asian 56 $10,790,000 $192,679 $1,516 4.01%
    Not provided 28 $5,970,000 $213,214 $3,292 3.84%
    Black 13 $2,535,000 $195,000 $2,866 4.38%
    American Indian 3 $215,000 $71,667 $1,117 4.17%
    Native Hawaiian or Islander 2 $130,000 $65,000 $150 4.05%

    Approval Rates

    Total approvals of all applications
    79.34%

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

    Pick Rate

    Approvals leading to origination
    82.18%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 763 $107,655,000 $141,094

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 763 $107,655,000 $141,094

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 189 $20,005,000 $105,847 $796 4.17%
    40-60% 87 $18,395,000 $211,437 $2,971 4.04%
    60-80% 113 $33,405,000 $295,619 $3,267 4.01%
    80-100% 53 $18,385,000 $346,887 $3,342 4.01%
    Under 20% 321 $17,465,000 $54,408 $161 4.03%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Academy Mortgage Corporation Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 4 33.3%
    Academy Mortgage Corporation Conventional home mortgage Trouble during payment process 3 25.0%
    Academy Mortgage Corporation FHA mortgage Applying for a mortgage or refinancing an existing mortgage 3 25.0%
    Academy Mortgage Corporation FHA mortgage Closing on a mortgage 1 8.3%
    Academy Mortgage Corporation FHA mortgage Trouble during payment process 1 8.3%