Telcomm Credit Union Mortgage Rates, Fees & Info

Springfield, MO

LEI: 5493006GUYDBDZG4ZR64

Tax ID: 44-0538278

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

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Mortgage Data

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

    Telcomm Credit Union is a smaller credit union specializing in Cash Out Refi loans. Telcomm Credit Union has a high proportion of conventional loans. Their top two markets are Springfield and Branson .

    Telcomm Credit Union has an above average approval rate when compared to the average across all lenders. Telcomm 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.

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    Originations

    96

    Origination Dollar Volume (All Markets)

    $5,420,000

    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
    SPRINGFIELD, MO (FHA|USDA|VA) 86 $5,040,000 $58,605 $431 4.98%
    Outside of Metro Areas 8 $270,000 $33,750 $0 4.84%
    Branson, MO (FHA|USDA|VA) 2 $110,000 $55,000 $482 5.07%
    Telcomm Credit Union's top markets include Springfield and Branson among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 71 $3,555,000 $50,070 n/a 5.01%
    Conventional 25 $1,865,000 $74,600 $435 4.87%

    For 2018, Telcomm Credit Union's most frequently originated type of loan was HELOC, with 71 originations. Their 2nd most popular type was Conventional, with 25 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 77 $4,285,000 $55,649 $363 4.98%
    Home Improvement 6 $330,000 $55,000 $0 4.88%
    Refi 6 $450,000 $75,000 $301 4.54%
    Other 4 $140,000 $35,000 $0 5.38%
    Home Purchase 3 $215,000 $71,667 $1,288 5.23%

    For 2018, Telcomm Credit Union's most frequently cited loan purpose was Cash Out Refi, with 77 originations. The 2nd most popular reason was Home Improvement, with 6 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 52 $3,010,000 $57,885 $660 5.02%
    20 Year 21 $735,000 $35,000 $0 5.04%
    15 Year 20 $1,550,000 $77,500 $390 4.79%
    10 Year 2 $110,000 $55,000 $482 5.07%
    5 Year 1 $15,000 $15,000 $0 4.50%

    For 2018, Telcomm Credit Union's most frequently cited loan duration was 30 Year, with 52 originations. The 2nd most popular length was 20 Year, with 21 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 65 $3,655,000 $56,231
    5-6% 29 $1,665,000 $57,414
    3-4% 1 $65,000 $65,000
    6-7% 1 $35,000 $35,000

    During 2018, Telcomm Credit Union's average interest rate for loans was 5.02%, while their most frequently originated rate bucket for loans was 4-5%, with 65 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 84 $3,720,000 $44,286 $452 4.99%
    $100k-200k 11 $1,415,000 $128,636 $392 4.77%
    $200k-400k 1 $285,000 $285,000 $0 5.25%

    2018 saw Telcomm Credit Union place emphasis on $100,000 or less loans with 84 originations, totaling $3,720,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 28 $1,540,000 $55,000 $257 4.95%
    $50k-75k 25 $1,345,000 $53,800 $600 4.85%
    $75k-100k 19 $1,375,000 $72,368 $293 5.17%
    $100k-150k 13 $535,000 $41,154 $722 5.07%
    $150k-250k 10 $590,000 $59,000 $480 4.84%
    $250k+ 1 $35,000 $35,000 $0 4.75%

    Telcomm Credit Union lent most frequently to those with incomes in the $50k or less range, with 28 originations. The second most popular income band? $50k-75k, with 25 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 35 $1,835,000 $52,429 $408 4.77%
    20-30% 29 $1,715,000 $59,138 $502 5.09%
    30-36% 15 $805,000 $53,667 $593 4.94%
    40% 4 $420,000 $105,000 $0 4.88%
    36% 4 $220,000 $55,000 $0 5.44%
    42% 3 $85,000 $28,333 $362 5.92%
    44% 2 $100,000 $50,000 $0 4.50%
    37% 2 $40,000 $20,000 $0 5.38%
    39% 1 $25,000 $25,000 $0 5.25%
    38% 1 $175,000 $175,000 $256 4.50%

    Telcomm Credit Union lent most frequently to those with DTI ratios of <20%, with 35 originations. The next most common DTI ratio? 20-30%, with 29 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 95 $5,375,000 $56,579 $435 4.96%
    Other Pacific Islander 1 $45,000 $45,000 $0 5.50%

    Approval Rates

    Total approvals of all applications
    90.57%

    Telcomm Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    NA 96 $5,420,000 $56,458

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 96 $5,420,000 $56,458

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 28 $1,320,000 $47,143 $362 5.10%
    40-60% 18 $1,470,000 $81,667 $428 4.91%
    60-80% 14 $1,560,000 $111,429 $465 4.91%
    80-100% 2 $190,000 $95,000 $382 4.88%
    Under 20% 34 $880,000 $25,882 $420 4.93%