Tucker Mortgage Rates, Fees & Info

INDIANAPOLIS, IN

LEI: 54930041L7ZI432VT094

Tax ID: 35-2010358

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

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

    Tucker Mortgage is a smaller mortgage company specializing in Home Purchase loans. Tucker Mortgage has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Indianapolis, Bloomington, Terre Haute, New Castle, and Logansport among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Tucker Mortgage has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Tucker Mortgage 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    352

    Origination Dollar Volume (All Markets)

    $93,520,000

    Awards

    TUCKER MORTGAGE FHA Loans bronze TUCKER MORTGAGE VA Loans gold TUCKER MORTGAGE FHA Loans silver TUCKER MORTGAGE VA Loans gold
    Show all (4) 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
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 338 $90,780,000 $268,580 $4,168 5.20%
    BLOOMINGTON, IN (FHA|USDA|VA) 2 $740,000 $370,000 $3,012 4.50%
    TERRE HAUTE, IN (FHA|USDA|VA) 2 $440,000 $220,000 $4,522 4.63%
    Outside of Metro Areas 2 $350,000 $175,000 $2,696 5.19%
    New Castle, IN (FHA|USDA|VA) 2 $280,000 $140,000 $4,038 4.25%
    Logansport, IN (FHA|USDA|VA) 1 $245,000 $245,000 $7,243 6.13%
    COLUMBUS, IN (FHA|USDA|VA) 1 $225,000 $225,000 $6,570 5.63%
    LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $175,000 $175,000 $5,866 5.75%
    KOKOMO, IN (FHA|USDA|VA) 1 $145,000 $145,000 $4,306 5.63%
    Wabash, IN (FHA|USDA|VA) 1 $85,000 $85,000 $2,513 3.50%
    MUNCIE, IN (FHA|USDA|VA) 1 $55,000 $55,000 $1,910 6.00%
    Tucker Mortgage's top markets include Indianapolis, Bloomington, Terre Haute, New Castle, and Logansport among others.

    Their top states include:
  • Indiana (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against TUCKER MORTGAGE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Mutual Savings Bank
    Similarity Rank: 268
    Independent Federal Credit Union
    Similarity Rank: 318
    Greenfield Banking Company
    Similarity Rank: 476
    CRANE
    Similarity Rank: 680
    Home Bank SB
    Similarity Rank: 700
    CIBM Bank
    Similarity Rank: 768
    Madison County Federal Credit Union
    Similarity Rank: 804
    Third Federal Savings and Loan Association of Cleveland
    Similarity Rank: 1053
    INDIANA UNIVERSITY CREDIT UNION
    Similarity Rank: 1273
    The Peoples State Bank
    Similarity Rank: 1280

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 271 $73,585,000 $271,531 $3,388 5.24%
    FHA 58 $13,200,000 $227,586 $7,018 5.17%
    VA 23 $6,735,000 $292,826 $6,106 4.74%

    For 2022, Tucker Mortgage's most frequently originated type of loan was Conventional, with 271 originations. Their 2nd most popular type was FHA, with 58 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 343 $91,715,000 $267,391 $4,164 5.22%
    Refi 9 $1,805,000 $200,556 $4,146 4.07%

    For 2022, Tucker Mortgage's most frequently cited loan purpose was Home Purchase, with 343 originations. The 2nd most popular reason was Refi, with 9 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 339 $90,685,000 $267,507 $4,191 5.21%
    15 Year 13 $2,835,000 $218,077 $3,470 4.69%

    For 2022, Tucker Mortgage's most frequently cited loan duration was 30 Year, with 339 originations. The 2nd most popular length was 15 Year, with 13 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 290 $76,290,000 $263,069
    $2k-3k 26 $6,240,000 $240,000
    $5k+ 17 $5,895,000 $346,765
    $3k-4k 12 $2,760,000 $230,000
    $4k-5k 7 $2,335,000 $333,571

    Tucker Mortgage's average total fees were $4,191, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 290 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 144 $40,090,000 $278,403
    4-5% 69 $16,575,000 $240,217
    3-4% 64 $17,130,000 $267,656
    6-7% 53 $13,825,000 $260,849
    7-8% 17 $4,415,000 $259,706
    2.5-3% 5 $1,485,000 $297,000

    During 2022, Tucker Mortgage's average interest rate for loans was 5.21%, while their most frequently originated rate bucket for loans was 5-6%, with 144 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 205 $57,435,000 $280,171 $4,350 5.23%
    $100k-200k 91 $14,315,000 $157,308 $3,744 5.06%
    $400k-600k 34 $16,220,000 $477,059 $5,022 5.16%
    $100,000 or less 15 $1,145,000 $76,333 $2,679 5.29%
    $600k-1MM 7 $4,405,000 $629,286 $3,182 5.64%

    2022 saw Tucker Mortgage place emphasis on $200k-400k loans with 205 originations, totaling $57,435,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 84 $26,370,000 $313,929 $4,073 5.17%
    $50k-75k 80 $16,870,000 $210,875 $4,240 5.13%
    $75k-100k 80 $20,590,000 $257,375 $4,534 5.16%
    $50k or less 49 $6,935,000 $141,531 $3,821 5.11%
    $150k-250k 43 $16,475,000 $383,140 $4,060 5.43%
    $250k+ 16 $6,280,000 $392,500 $3,740 5.41%

    Tucker Mortgage lent most frequently to those with incomes in the $100k-150k range, with 84 originations. The second most popular income band? $50k-75k, with 80 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 73 $19,225,000 $263,356 $3,470 5.00%
    30-36% 73 $18,595,000 $254,726 $3,801 5.24%
    50-60% 28 $7,590,000 $271,071 $7,650 5.17%
    39% 18 $4,980,000 $276,667 $4,119 5.40%
    <20% 17 $3,445,000 $202,647 $3,011 5.05%
    44% 17 $4,545,000 $267,353 $5,044 5.33%
    38% 16 $4,150,000 $259,375 $4,691 5.66%
    46% 15 $3,995,000 $266,333 $4,072 4.88%
    41% 14 $4,350,000 $310,714 $4,240 5.04%
    43% 13 $3,365,000 $258,846 $2,768 5.37%
    48% 11 $2,465,000 $224,091 $3,285 5.41%
    40% 10 $2,550,000 $255,000 $4,169 6.09%
    45% 9 $3,445,000 $382,778 $5,188 4.97%
    47% 9 $2,675,000 $297,222 $3,926 5.58%
    36% 8 $2,350,000 $293,750 $4,043 5.27%
    49% 8 $2,440,000 $305,000 $5,538 5.03%
    42% 7 $1,965,000 $280,714 $3,088 4.91%
    37% 6 $1,390,000 $231,667 $3,353 4.42%

    Tucker Mortgage lent most frequently to those with DTI ratios of 20-30%, with 73 originations. The next most common DTI ratio? 30-36%, with 73 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 295 $77,685,000 $263,339 $4,132 5.18%
    Black 27 $6,805,000 $252,037 $4,718 5.16%
    Not provided 15 $4,095,000 $273,000 $4,206 5.63%
    Asian 12 $3,580,000 $298,333 $3,902 4.88%
    American Indian 1 $605,000 $605,000 $3,206 6.88%
    Asian Indian 1 $435,000 $435,000 $3,602 6.25%
    Native Hawaiian or Islander 1 $315,000 $315,000 $2,670 3.88%

    Approval Rates

    Total approvals of all applications
    97.76%

    Tucker Mortgage has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    76.70%

    Tucker Mortgage has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 352 $93,520,000 $265,682

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    352 $93,520,000 $265,682

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 11 $1,395,000 $126,818 $2,547 5.30%
    40-60% 22 $3,730,000 $169,545 $2,760 5.27%
    60-80% 75 $20,405,000 $272,067 $3,513 5.11%
    80-100% 240 $66,520,000 $277,167 $4,418 5.21%
    Over 100% 4 $1,470,000 $367,500 $13,278 5.22%