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 Home Improvement, Other, and Cash Out Refi loans. Austin Telco Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Austin, Denver, Fredericksburg, Houston, and Brenham among others. We have data for 15 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.

    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

    1,022

    Origination Dollar Volume (All Markets)

    $155,970,000

    Awards

    AUSTIN TELCO Federal Credit Union 30 Year Conventional Loans silver AUSTIN TELCO Federal Credit Union 30 Year Conventional Loans silver
    Show all (2) 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) 987 $148,835,000 $150,795 $1,018 4.13%
    Outside of Metro Areas 16 $1,840,000 $115,000 $378 4.43%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $905,000 $905,000 $3,181 5.00%
    Fredericksburg, TX (FHA|USDA|VA) 1 $905,000 $905,000 $18,045 5.50%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 3 $755,000 $251,667 $6,853 5.13%
    Brenham, TX (FHA|USDA|VA) 1 $555,000 $555,000 $0 3.00%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 3 $435,000 $145,000 $1,398 4.41%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $335,000 $335,000 $7,703 4.38%
    VICTORIA, TX (FHA|USDA|VA) 1 $325,000 $325,000 $10,775 5.00%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 3 $315,000 $105,000 $1,047 4.16%
    RICHMOND, VA (FHA|USDA|VA) 1 $305,000 $305,000 $3,818 3.50%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $225,000 $225,000 $4,524 3.50%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $125,000 $125,000 $0 3.25%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $55,000 $55,000 $0 3.75%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $55,000 $55,000 $3,898 5.00%
    Austin Telco Federal Credit Union's top markets include Austin, Denver, Fredericksburg, Houston, and Brenham among others.

    Their top states include:
  • Texas (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • West Virginia (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Florida (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.

    Texas Health Credit Union
    Similarity Rank: 552
    A+ Federal Credit Union
    Similarity Rank: 726
    Opendoor Home Loans LLC
    Similarity Rank: 1020
    AAXY L.L.C.
    Similarity Rank: 1212
    ADVISA MORTGAGE SERVICES, LTD.
    Similarity Rank: 1412
    SMART CHOICE MORTGAGE, A TEXAS LIMITED LIABILITY C
    Similarity Rank: 1480
    Security State Bank & Trust
    Similarity Rank: 1533
    PRIORITY HOME MORTGAGE, L.P.
    Similarity Rank: 1650
    AUSTIN TELCO Federal Credit Union
    Similarity Rank: 1830
    FC LENDING, LTD.
    Similarity Rank: 2024

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,022 $155,970,000 $152,613 $1,069 4.14%

    For 2022, Austin Telco Federal Credit Union's most frequently originated type of loan was Conventional, with 1,022 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 497 $56,405,000 $113,491 $378 4.12%
    Other 256 $31,670,000 $123,711 $488 4.38%
    Cash Out Refi 201 $44,535,000 $221,567 $2,116 3.98%
    Home Purchase 37 $15,555,000 $420,405 $6,450 4.37%
    Refi 31 $7,805,000 $251,774 $4,644 3.20%

    For 2022, Austin Telco Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 497 originations. The 2nd most popular reason was Other, with 256 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 443 $73,155,000 $165,135 $912 4.22%
    15 Year 216 $29,820,000 $138,056 $744 4.27%
    10 Year 205 $18,825,000 $91,829 $205 3.97%
    5 Year 92 $4,380,000 $47,609 $37 3.76%
    30 Year 66 $29,790,000 $451,364 $7,457 4.15%

    For 2022, Austin Telco Federal Credit Union's most frequently cited loan duration was 20 Year, with 443 originations. The 2nd most popular length was 15 Year, with 216 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 962 $132,040,000 $137,256
    $5k+ 18 $10,630,000 $590,556
    $1k-2k 15 $5,835,000 $389,000
    $2k-3k 9 $3,125,000 $347,222
    $3k-4k 5 $1,115,000 $223,000
    $4k-5k 4 $1,400,000 $350,000

    Austin Telco Federal Credit Union's average total fees were $7,457, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 962 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 481 $86,955,000 $180,780
    4-5% 182 $25,870,000 $142,143
    5-6% 145 $17,015,000 $117,345
    2.5-3% 127 $14,385,000 $113,268
    6-7% 57 $7,655,000 $134,298
    7-8% 18 $2,020,000 $112,222
    Over 8% 6 $560,000 $93,333
    <2.5% 6 $1,510,000 $251,667

    During 2022, Austin Telco Federal Credit Union's average interest rate for loans was 4.15%, while their most frequently originated rate bucket for loans was 3-4%, with 481 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 418 $22,530,000 $53,900 $70 4.25%
    $100k-200k 411 $55,065,000 $133,978 $331 4.12%
    $200k-400k 120 $33,280,000 $277,333 $3,738 4.03%
    $400k-600k 46 $21,500,000 $467,391 $5,164 3.75%
    $600k-1MM 21 $15,425,000 $734,524 $7,425 3.95%
    $1MM+ 6 $8,170,000 $1,361,667 $15,537 3.33%

    2022 saw Austin Telco Federal Credit Union place emphasis on $100,000 or less loans with 418 originations, totaling $22,530,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 349 $56,505,000 $161,905 $1,025 4.08%
    $100k-150k 270 $32,020,000 $118,593 $783 4.25%
    $250k+ 169 $45,375,000 $268,491 $2,122 4.03%
    $75k-100k 112 $10,610,000 $94,732 $565 4.21%
    $50k-75k 90 $8,830,000 $98,111 $1,083 4.17%
    $50k or less 32 $2,630,000 $82,188 $224 3.96%

    Austin Telco Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 349 originations. The second most popular income band? $100k-150k, with 270 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 280 $41,100,000 $146,786 $965 3.96%
    30-36% 183 $30,455,000 $166,421 $1,113 4.06%
    <20% 98 $13,700,000 $139,796 $786 3.83%
    47% 42 $5,630,000 $134,048 $735 4.90%
    37% 39 $4,985,000 $127,821 $1,030 3.99%
    36% 35 $6,085,000 $173,857 $1,264 4.33%
    39% 34 $6,620,000 $194,706 $1,353 4.10%
    48% 33 $5,225,000 $158,333 $1,091 4.82%
    45% 32 $4,320,000 $135,000 $778 4.25%
    40% 32 $5,820,000 $181,875 $1,555 4.29%
    41% 32 $4,870,000 $152,188 $2,016 4.39%
    44% 30 $6,820,000 $227,333 $2,280 4.31%
    46% 30 $4,020,000 $134,000 $908 4.06%
    42% 29 $5,385,000 $185,690 $2,015 4.44%
    43% 27 $3,095,000 $114,630 $386 4.20%
    38% 25 $2,725,000 $109,000 $519 4.47%
    50-60% 21 $2,775,000 $132,143 $591 4.05%
    >60% 11 $775,000 $70,455 $227 4.24%
    49% 7 $1,115,000 $159,286 $1,462 4.53%

    Austin Telco Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 280 originations. The next most common DTI ratio? 30-36%, with 183 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 761 $114,465,000 $150,414 $1,089 4.15%
    Asian 110 $18,350,000 $166,818 $839 3.84%
    Not provided 101 $15,685,000 $155,297 $1,030 4.20%
    Black 25 $3,715,000 $148,600 $1,432 4.43%
    American Indian 12 $2,150,000 $179,167 $2,122 4.14%
    Not applicable 4 $750,000 $187,500 $895 4.90%
    Asian Indian 6 $650,000 $108,333 $426 5.42%
    Other Pacific Islander 1 $85,000 $85,000 $300 3.75%
    Filipino 1 $65,000 $65,000 $0 5.09%
    Vietnamese 1 $55,000 $55,000 $0 4.89%

    Approval Rates

    Total approvals of all applications
    72.42%

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

    Pick Rate

    Approvals leading to origination
    85.71%

    Austin Telco Federal Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,022 $155,970,000 $152,613

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,022 $155,970,000 $152,613

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 241 $45,065,000 $186,992 $1,251 4.11%
    40-60% 75 $23,865,000 $318,200 $3,573 3.92%
    60-80% 48 $23,100,000 $481,250 $6,745 3.94%
    80-100% 18 $8,300,000 $461,111 $6,296 3.94%
    Under 20% 640 $55,640,000 $86,938 $167 4.19%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    Academy Mortgage Corporation Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%