Travis Credit Union Mortgage Rates, Fees & Info

Vacaville, CA

LEI: 549300GAX7IKJUKCJE72

Tax ID: 94-1242831

5 stars - Updated: 12/16/24 - out of 5 stars, based on 32 reviews

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • 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

    Travis Credit Union is a smaller credit union specializing in Other, Home Improvement, and Home Purchase loans. Travis Credit Union has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Vallejo, San Francisco, Sacramento, Napa, and Merced among others. We have data for 26 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 relatively high 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.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.70% 12/16/24
    30 Year Conventional Purchase 6.57% 12/16/24
    30 Year Conventional Refi 6.03% 12/16/24
    30 Year Cash-out Refi 6.32% 12/16/24
    30 Year FHA Purchase 7.03% 12/16/24
    30 Year VA Purchase 6.43% 12/16/24
    30 Year VA Refi 5.17% 12/16/24
    15 Year Conventional Purchase 6.29% 12/16/24
    15 Year Conventional Refi 5.97% 12/16/24
    15 Year Cash-out Refi 5.97% 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.

    Travis Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Travis 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

    1,001

    Origination Dollar Volume (All Markets)

    $148,925,000

    Awards

    TRAVIS CREDIT UNION 30 Year Conventional Loans silver TRAVIS CREDIT UNION 30 Year Conventional Loans gold TRAVIS CREDIT UNION 30 Year Conventional Loans gold TRAVIS CREDIT UNION 30 Year Conventional Loans bronze
    Show all (4) awards

    Relative Rate

    Travis Credit Union's average 30 year fixed mortgage rate was 6.43%.

    The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

    This yields a difference of -0.05%.

    Relative Fees (Closing Costs)

    Travis Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $6,362.

    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 $9,089.

    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
    VALLEJO, CA (FHA|USDA|VA) 472 $65,980,000 $139,788 $2,010 7.67%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 228 $39,270,000 $172,237 $2,075 7.82%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 113 $17,085,000 $151,195 $1,739 7.69%
    NAPA, CA (FHA|USDA|VA) 38 $6,850,000 $180,263 $3,000 7.48%
    MERCED, CA (FHA|USDA|VA) 63 $5,965,000 $94,683 $1,297 7.69%
    STOCKTON, CA (FHA|USDA|VA) 15 $2,625,000 $175,000 $1,667 8.03%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 8 $1,720,000 $215,000 $4,892 7.72%
    MODESTO, CA (FHA|USDA|VA) 14 $1,670,000 $119,286 $1,779 7.92%
    Outside of Metro Areas 11 $1,325,000 $120,455 $2,249 7.00%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 2 $940,000 $470,000 $2,802 6.88%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 5 $815,000 $163,000 $1,768 7.73%
    REDDING, CA (FHA|USDA|VA) 4 $740,000 $185,000 $6,826 7.75%
    CHICO, CA (FHA|USDA|VA) 4 $710,000 $177,500 $1,752 7.28%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $535,000 $535,000 $5,483 6.75%
    MADERA, CA (FHA|USDA|VA) 3 $525,000 $175,000 $2,480 7.46%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 4 $500,000 $125,000 $575 8.13%
    YUBA CITY, CA (FHA|USDA|VA) 5 $385,000 $77,000 $503 8.10%
    Red Bluff, CA (FHA|USDA|VA) 1 $355,000 $355,000 $4,147 6.38%
    Eureka-Arcata, CA (FHA|USDA|VA) 1 $325,000 $325,000 $5,550 6.38%
    Sonora, CA (FHA|USDA|VA) 2 $190,000 $95,000 $526 8.50%
    VISALIA, CA (FHA|USDA|VA) 2 $160,000 $80,000 $503 8.50%
    HANFORD-CORCORAN, CA (FHA|USDA|VA) 1 $105,000 $105,000 $503 7.50%
    FRESNO, CA (FHA|USDA|VA) 1 $55,000 $55,000 $503 7.00%
    BAKERSFIELD, CA (FHA|USDA|VA) 1 $35,000 $35,000 $503 7.75%
    Clearlake, CA (FHA|USDA|VA) 1 $35,000 $35,000 $531 7.50%
    SALINAS, CA (FHA|USDA|VA) 1 $25,000 $25,000 $0 8.00%
    Travis Credit Union's top markets include Vallejo, San Francisco, Sacramento, Napa, and Merced among others.

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

    • Similar Lenders

    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.

    Valley First Credit Union
    Similarity Rank: 110
    El Dorado Savings Bank, F.S.B.
    Similarity Rank: 126
    MERIWEST MORTGAGE COMPANY, LLC
    Similarity Rank: 774
    1ST UNITED SERVICES CREDIT UNION
    Similarity Rank: 810
    San Mateo Credit Union
    Similarity Rank: 848
    SANTA CLARA COUNTY
    Similarity Rank: 976
    SACRAMENTO Credit Union
    Similarity Rank: 1068
    DIRECTIONS EQUITY, LLC
    Similarity Rank: 1312
    Provident Credit Union
    Similarity Rank: 1350
    NATIONAL COOPERATIVE BANK, N.A.
    Similarity Rank: 1560

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 662 $105,310,000 $159,079 $1,604 7.10%
    HELOC 316 $31,470,000 $99,589 n/a 9.07%
    FHA 18 $9,770,000 $542,778 $14,107 6.36%
    VA 5 $2,375,000 $475,000 $10,420 6.05%

    For 2023, Travis Credit Union's most frequently originated type of loan was Conventional, with 662 originations. Their 2nd most popular type was HELOC, with 316 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 403 $39,265,000 $97,432 $847 8.18%
    Home Improvement 358 $30,150,000 $84,218 $722 7.60%
    Home Purchase 127 $62,205,000 $489,803 $6,588 6.50%
    Cash Out Refi 101 $15,275,000 $151,238 $2,585 7.74%
    Refi 12 $2,030,000 $169,167 $2,973 7.16%

    For 2023, Travis Credit Union's most frequently cited loan purpose was Other, with 403 originations. The 2nd most popular reason was Home Improvement, with 358 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 373 $35,045,000 $93,954 $631 8.64%
    20 Year 311 $27,925,000 $89,791 $654 7.52%
    30 Year 163 $72,725,000 $446,166 $6,362 6.43%
    15 Year 150 $12,480,000 $83,200 $843 7.17%
    10 Year 4 $750,000 $187,500 $4,404 6.06%

    For 2023, Travis Credit Union's most frequently cited loan duration was Other, with 373 originations. The 2nd most popular length was 20 Year, with 311 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 513 $49,045,000 $95,604
    $1k-2k 109 $45,545,000 $417,844
    $2k-3k 20 $5,550,000 $277,500
    $3k-4k 13 $4,905,000 $377,308
    $5k+ 10 $5,460,000 $546,000
    $4k-5k 5 $2,755,000 $551,000

    Travis Credit Union's average total fees were $6,362, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 513 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    7-8% 371 $35,065,000 $94,515
    Over 8% 334 $31,560,000 $94,491
    6-7% 209 $62,855,000 $300,742
    5-6% 83 $18,375,000 $221,386
    4-5% 4 $1,070,000 $267,500

    During 2023, Travis Credit Union's average interest rate for loans was 6.43%, while their most frequently originated rate bucket for loans was 7-8%, with 371 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 551 $32,775,000 $59,483 $642 7.91%
    $100k-200k 258 $32,520,000 $126,047 $1,096 7.90%
    $200k-400k 101 $27,855,000 $275,792 $3,973 7.28%
    $400k-600k 50 $24,420,000 $488,400 $6,928 6.39%
    $600k-1MM 36 $25,860,000 $718,333 $8,054 6.34%
    $1MM+ 5 $5,495,000 $1,099,000 $13,924 6.50%

    2023 saw Travis Credit Union place emphasis on $100,000 or less loans with 551 originations, totaling $32,775,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 311 $39,265,000 $126,254 $1,733 7.81%
    $150k-250k 277 $47,785,000 $172,509 $2,201 7.68%
    $75k-100k 140 $15,350,000 $109,643 $1,770 7.72%
    $50k-75k 123 $9,795,000 $79,634 $1,337 7.58%
    $250k+ 115 $34,215,000 $297,522 $3,427 7.67%
    $50k or less 34 $2,380,000 $70,000 $2,128 7.35%

    Travis Credit Union lent most frequently to those with incomes in the $100k-150k range, with 311 originations. The second most popular income band? $150k-250k, with 277 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 172 $23,440,000 $136,279 $1,509 7.61%
    20-30% 152 $20,820,000 $136,974 $1,579 7.63%
    42% 102 $13,760,000 $134,902 $1,339 7.60%
    41% 93 $12,425,000 $133,602 $1,419 7.63%
    40% 83 $9,855,000 $118,735 $1,293 7.89%
    39% 64 $9,720,000 $151,875 $1,915 7.71%
    37% 56 $8,350,000 $149,107 $1,665 7.72%
    <20% 48 $7,400,000 $154,167 $1,781 7.76%
    38% 46 $6,960,000 $151,304 $2,624 7.79%
    36% 46 $7,060,000 $153,478 $2,034 7.76%
    44% 45 $5,855,000 $130,111 $2,516 8.53%
    43% 41 $8,845,000 $215,732 $3,715 8.12%
    46% 12 $2,850,000 $237,500 $6,174 7.22%
    47% 10 $2,790,000 $279,000 $5,271 6.79%
    49% 9 $2,285,000 $253,889 $9,479 7.03%
    50-60% 9 $2,865,000 $318,333 $7,861 6.82%
    45% 8 $2,000,000 $250,000 $8,857 6.83%
    48% 5 $1,645,000 $329,000 $5,299 7.28%

    Travis Credit Union lent most frequently to those with DTI ratios of 30-36%, with 172 originations. The next most common DTI ratio? 20-30%, with 152 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 393 $60,995,000 $155,204 $1,739 7.17%
    Not provided 431 $52,175,000 $121,056 $2,089 8.38%
    Asian 79 $16,495,000 $208,797 $2,212 7.25%
    Black 58 $11,280,000 $194,483 $3,234 7.16%
    Asian Indian 5 $3,645,000 $729,000 $5,373 6.50%
    American Indian 13 $2,025,000 $155,769 $2,728 7.43%
    Filipino 13 $1,725,000 $132,692 $970 7.31%
    Native Hawaiian or Islander 5 $275,000 $55,000 $1,123 7.50%
    Other Pacific Islander 2 $160,000 $80,000 $603 7.50%
    Chinese 1 $95,000 $95,000 $2,519 6.50%
    Guamanian 1 $55,000 $55,000 $526 7.50%

    Approval Rates

    Total approvals of all applications
    74.65%

    Travis Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    68.73%

    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
    NA 1,001 $148,925,000 $148,776

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,001 $148,925,000 $148,776

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 143 $21,715,000 $151,853 $1,539 7.86%
    40-60% 36 $10,870,000 $301,944 $3,939 7.00%
    60-80% 40 $19,810,000 $495,250 $5,702 6.49%
    80-100% 76 $42,290,000 $556,447 $7,686 6.37%
    Over 100% 1 $595,000 $595,000 $35,566 4.38%
    Under 20% 704 $53,530,000 $76,037 $690 7.92%