Telcomm Credit Union Mortgage Rates, Fees & Info
Springfield, MOLEI: 5493006GUYDBDZG4ZR64
Tax ID: 44-0538278
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Mortgage Data
Review & Overview
Telcomm Credit Union is a smaller credit union specializing in Cash Out Refi and Other loans. Telcomm Credit Union has a high proportion of conventional loans. Their top two markets are Springfield and Branson .Telcomm Credit Union has an average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
67Origination Dollar Volume (All Markets)
$5,245,000Top 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 |
|---|---|---|---|---|---|
| SPRINGFIELD, MO (FHA|USDA|VA) | 52 | $3,330,000 | $64,038 | $0 | 0.00% |
| Outside of Metro Areas | 14 | $1,480,000 | $105,714 | $0 | 0.00% |
| Branson, MO (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 67 | $5,245,000 | $78,284 | $0 | 0.00% |
For 2023, Telcomm Credit Union's most frequently originated type of loan was Conventional, with 67 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 44 | $3,150,000 | $71,591 | $0 | 0.00% |
| Other | 19 | $1,435,000 | $75,526 | $0 | 0.00% |
| Home Purchase | 4 | $660,000 | $165,000 | $0 | 0.00% |
For 2023, Telcomm Credit Union's most frequently cited loan purpose was Cash Out Refi, with 44 originations. The 2nd most popular reason was Other, with 19 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 67 | $5,245,000 | $78,284 | $0 | 0.00% |
For 2023, Telcomm Credit Union's most frequently cited loan duration was Other, with 67 originations.
Loan Sizing
2023 saw Telcomm Credit Union place emphasis on $100,000 or less loans with 53 originations, totaling $2,575,000 in origination value.
Applicant Income
Telcomm Credit Union lent most frequently to those with incomes in the $50k-75k range, with 16 originations. The second most popular income band? $50k or less, with 16 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 67 | $5,245,000 | $78,284 | $0 | 0.00% |
Telcomm Credit Union lent most frequently to those with DTI ratios of Exempt%, with 67 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 66 | $4,920,000 | $74,545 | $0 | 0.00% |
| Asian | 1 | $325,000 | $325,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications88.31%
Telcomm Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination98.51%
Telcomm Credit Union has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 67 | $5,245,000 | $78,284 |