Travis Credit Union Mortgage Rates, Fees & InfoVacaville, CA
Tax ID: 94-1242831
Review & OverviewTravis Credit Union is a smaller credit union specializing in Refi, Cash Out Refi, and Home Purchase loans. Travis Credit Union has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: San Francisco, Vallejo, Sacramento, Stockton, and San Jose among others. We have data for 37 markets. (Some data included below & more in-depth data is available with an active subscription.)
Travis 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. Travis 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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|Simulated Rate||Simulation Date|
|30 Year Conventional Purchase||6.42%||1/29/23|
|30 Year Conventional Refi||6.32%||1/29/23|
|30 Year Cash-out Refi||6.55%||1/29/23|
|30 Year FHA Purchase||6.99%||1/29/23|
|30 Year FHA Refi||6.80%||1/29/23|
|30 Year VA Purchase||6.22%||1/29/23|
|30 Year VA Refi||6.24%||1/29/23|
|15 Year Conventional Purchase||6.07%||1/29/23|
|15 Year Conventional Refi||6.22%||1/29/23|
|15 Year Cash-out Refi||6.22%||1/29/23|
|15 Year FHA Refi||6.73%||1/29/23|
|15 Year VA Refi||6.36%||1/29/23|
|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.|
Origination Dollar Volume (All Markets)$680,865,000
Travis Credit Union's average 30 year fixed mortgage rate was
The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.
This yields a difference of -0.12%.
Relative Fees (Closing Costs)
Travis Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,783.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.
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|
|San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA)||377||$223,575,000||$593,037||$3,527||3.05%|
|VALLEJO, CA (FHA|USDA|VA)||663||$208,785,000||$314,910||$3,170||3.28%|
|SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA)||207||$73,685,000||$355,966||$3,712||3.26%|
|STOCKTON, CA (FHA|USDA|VA)||114||$72,880,000||$639,298||$3,774||2.68%|
|SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA)||41||$40,305,000||$983,049||$3,723||2.60%|
|MERCED, CA (FHA|USDA|VA)||103||$18,995,000||$184,417||$2,503||3.33%|
|NAPA, CA (FHA|USDA|VA)||39||$14,375,000||$368,590||$3,309||3.48%|
|MODESTO, CA (FHA|USDA|VA)||19||$5,115,000||$269,211||$2,812||3.55%|
|SANTA ROSA-PETALUMA, CA (FHA|USDA|VA)||7||$2,655,000||$379,286||$2,746||3.29%|
|SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA)||2||$2,530,000||$1,265,000||$6,668||3.31%|
|Outside of Metro Areas||12||$2,360,000||$196,667||$3,149||3.59%|
|FRESNO, CA (FHA|USDA|VA)||7||$2,175,000||$310,714||$2,637||3.05%|
|RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA)||5||$1,955,000||$391,000||$6,299||2.80%|
|Clearlake, CA (FHA|USDA|VA)||7||$1,615,000||$230,714||$4,315||3.02%|
|SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA)||2||$1,440,000||$720,000||$3,903||3.13%|
|Truckee-Grass Valley, CA (FHA|USDA|VA)||3||$1,195,000||$398,333||$4,569||3.04%|
|YUBA CITY, CA (FHA|USDA|VA)||3||$895,000||$298,333||$7,004||2.96%|
|REDDING, CA (FHA|USDA|VA)||3||$825,000||$275,000||$1,779||4.38%|
|Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA)||3||$805,000||$268,333||$0||3.75%|
|Ukiah, CA (FHA|USDA|VA)||2||$670,000||$335,000||$7,398||2.50%|
|OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA)||1||$585,000||$585,000||$5,809||2.25%|
|MADERA, CA (FHA|USDA|VA)||3||$475,000||$158,333||$5,714||2.96%|
|RENO, NV (FHA|USDA|VA)||1||$335,000||$335,000||$10,679||3.00%|
|CHICO, CA (FHA|USDA|VA)||2||$330,000||$165,000||$3,296||3.63%|
|CHATTANOOGA, TN-GA (FHA|USDA|VA)||1||$315,000||$315,000||$14,758||3.63%|
|HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA)||1||$285,000||$285,000||$7,245||2.75%|
|SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA)||1||$285,000||$285,000||$3,967||2.38%|
|BOISE CITY, ID (FHA|USDA|VA)||1||$245,000||$245,000||$4,606||3.38%|
|GREEN BAY, WI (FHA|USDA|VA)||1||$225,000||$225,000||$4,591||3.38%|
|BAKERSFIELD, CA (FHA|USDA|VA)||1||$205,000||$205,000||$3,069||2.88%|
|GRANTS PASS, OR (FHA|USDA|VA)||1||$145,000||$145,000||$950||2.88%|
|Red Bluff, CA (FHA|USDA|VA)||1||$115,000||$115,000||$2,625||2.75%|
|TYLER, TX (FHA|USDA|VA)||1||$105,000||$105,000||$1,551||3.75%|
|LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA)||1||$105,000||$105,000||$3,064||3.25%|
|THE VILLAGES, FL (FHA|USDA|VA)||1||$105,000||$105,000||$4,109||3.88%|
|TULSA, OK (FHA|USDA|VA)||1||$95,000||$95,000||$4,049||3.75%|
|ST. LOUIS, MO-IL (FHA|USDA|VA)||1||$75,000||$75,000||$4,796||3.38%|
We use machine learning to identify the top lenders compared against TRAVIS 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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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2021, Travis Credit Union's most frequently originated type of loan was Conventional, with 1,553 originations. Their 2nd most popular type was FHA, with 52 originations.
For 2021, Travis Credit Union's most frequently cited loan purpose was Refi, with 508 originations. The 2nd most popular reason was Cash Out Refi, with 467 originations.
For 2021, Travis Credit Union's most frequently cited loan duration was 30 Year, with 1,231 originations. The 2nd most popular length was 15 Year, with 203 originations.
Origination Fees/Closing Costs
Travis Credit Union's average total fees were $3,783, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 879 originations.
During 2021, Travis Credit Union's average interest rate for loans was 3.03%, while their most frequently originated rate bucket for loans was 3-4%, with 689 originations.
2021 saw Travis Credit Union place emphasis on $200k-400k loans with 637 originations, totaling $187,755,000 in origination value.
Travis Credit Union lent most frequently to those with incomes in the $150k-250k range, with 427 originations. The second most popular income band? $100k-150k, with 400 originations.
Applicant Debt to Income Ratio
Travis Credit Union lent most frequently to those with DTI ratios of 20-30%, with 385 originations. The next most common DTI ratio? 30-36%, with 340 originations.
Approval RatesTotal approvals of all applications
Travis Credit Union has an average approval rate.
Pick RateApprovals leading to origination
Travis Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
|Points||Originations||Total Value||Average Loan|