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 Refi loans. Austin Telco Federal Credit Union has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Austin, Houston, San Antonio, Sacramento, and Dallas among others. We have data for 11 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 an average 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% | 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
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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
1,020Origination Dollar Volume (All Markets)
$181,180,000Top 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 |
|---|---|---|---|---|---|
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 991 | $171,475,000 | $173,032 | $1,842 | 3.24% |
| Outside of Metro Areas | 10 | $2,830,000 | $283,000 | $2,688 | 3.12% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 5 | $2,205,000 | $441,000 | $6,631 | 3.13% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 3 | $1,105,000 | $368,333 | $5,144 | 3.13% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $995,000 | $995,000 | $10,269 | 2.75% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 4 | $790,000 | $197,500 | $2,663 | 3.78% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $6,109 | 3.38% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $4,276 | 3.50% |
| Rockport, TX (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $2,410 | 2.75% |
| WACO, TX (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $2,252 | 3.00% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,723 | 2.50% |
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
For 2020, Austin Telco Federal Credit Union's most frequently originated type of loan was Conventional, with 1,009 originations. Their 2nd most popular type was HELOC, with 6 originations.
Loan Reason
For 2020, Austin Telco Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 308 originations. The 2nd most popular reason was Other, with 249 originations.
Loan Duration/Length
For 2020, Austin Telco Federal Credit Union's most frequently cited loan duration was 20 Year, with 250 originations. The 2nd most popular length was 30 Year, with 240 originations.
Origination Fees/Closing Costs
Austin Telco Federal Credit Union's average total fees were $5,301, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 460 originations.
Interest Rates
During 2020, Austin Telco Federal Credit Union's average interest rate for loans was 3.15%, while their most frequently originated rate bucket for loans was 3-4%, with 583 originations.
Loan Sizing
2020 saw Austin Telco Federal Credit Union place emphasis on $100,000 or less loans with 487 originations, totaling $28,295,000 in origination value.
Applicant Income
Austin Telco Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 287 originations. The second most popular income band? $100k-150k, with 277 originations.
Applicant Debt to Income Ratio
Austin Telco Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 325 originations. The next most common DTI ratio? 30-36%, with 195 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications82.96%
Austin Telco Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination81.57%
Austin Telco Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,020 | $181,180,000 | $177,627 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 1,020 | $181,180,000 | $177,627 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Academy Mortgage Corporation | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 12.5% |
| Academy Mortgage Corporation | Conventional home mortgage | Closing on a mortgage | 2 | 25.0% |
| Academy Mortgage Corporation | Conventional home mortgage | Trouble during payment process | 2 | 25.0% |
| Academy Mortgage Corporation | VA mortgage | Closing on a mortgage | 2 | 25.0% |
| Academy Mortgage Corporation | VA mortgage | Trouble during payment process | 1 | 12.5% |