Travis Credit Union Mortgage Rates, Fees & Info

Vacaville, CA

LEI: 549300GAX7IKJUKCJE72

Tax ID: 94-1242831

5 stars - out of 5 stars, based on 40 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Travis 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 include San Francisco, Vallejo, Sacramento, Stockton, and San Jose among others. Travis Credit Union has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Travis Credit Union is typically an average fee lendor.


Originations

1,639

Origination Dollar Volume (All Markets)

$680,865,000
Show all (10) awards

Relative Rate

Travis Credit Union's average 30 year fixed rate mortgage of loans were 3.03%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.12%.

Relative Fees

Travis Credit Union's average total fees for a 30 year fixed rate mortgage are $3,783.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

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%

Travis Credit Union's top markets include San Francisco, Vallejo, Sacramento, Stockton, and San Jose among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,553 $643,435,000 $414,317 $3,042 3.20%
FHA 52 $21,070,000 $405,192 $10,790 2.67%
VA 34 $16,360,000 $481,176 $7,383 2.98%

For the 2021 period, Travis Credit Union's most frequently originated loan type of loans were Conventional, with 1,553 originations. Their 2nd most popular type is FHA, with 52 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 508 $244,190,000 $480,689 $2,796 2.90%
Cash Out Refi 467 $162,095,000 $347,099 $3,286 3.15%
Home Purchase 322 $177,650,000 $551,708 $5,611 2.89%
Other 210 $71,460,000 $340,286 $2,537 3.63%
Home Improvement 132 $25,470,000 $192,955 $2,024 4.31%

For the 2021, Travis Credit Union's most frequently cited loan purpose of loans were Refi, with 508 originations. The 2nd most popular reason of loans were Cash Out Refi, with 467 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 1,231 $602,595,000 $489,517 $3,783 3.03%
15 Year 203 $38,925,000 $191,749 $2,434 3.33%
20 Year 131 $27,665,000 $211,183 $2,234 4.03%
10 Year 43 $7,815,000 $181,744 $2,025 2.64%
Other 31 $3,865,000 $124,677 $970 5.20%

For the 2021, Travis Credit Union's most frequently cited loan length of loans were 30 Year, with 1,231 originations. The 2nd most popular length of loans were 15 Year, with 203 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 879 $349,035,000 $397,082
$1k-2k 495 $237,245,000 $479,283
$3k-4k 88 $33,500,000 $380,682
$2k-3k 86 $33,630,000 $391,047
$5k+ 32 $13,600,000 $425,000

$3,783 of loans were Travis Credit Union's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 879 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 689 $228,705,000 $331,938
2.5-3% 550 $249,940,000 $454,436
<2.5% 319 $196,065,000 $614,624
6-7% 31 $1,975,000 $63,710
7-8% 30 $1,670,000 $55,667
5-6% 11 $385,000 $35,000
4-5% 6 $1,960,000 $326,667
Over 8% 3 $165,000 $55,000

During 2021, Travis Credit Union's average interest rate of loans were 3.03%, while their most frequently originated rate bucket of loans were 3-4%, with 689 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 637 $187,755,000 $294,749 $3,010 3.12%
$400k-600k 308 $150,760,000 $489,481 $4,576 3.01%
$600k-1MM 252 $195,250,000 $774,802 $4,217 2.72%
$100k-200k 230 $34,750,000 $151,087 $2,534 3.12%
$100,000 or less 133 $8,495,000 $63,872 $1,221 5.16%
$1MM+ 79 $103,855,000 $1,314,620 $4,961 2.56%

2021 saw Travis Credit Union place emphasis on $200k-400k loans with 637 originations, totaling $187,755,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$150k-250k 427 $243,305,000 $569,801 $3,698 3.05%
$100k-150k 400 $143,340,000 $358,350 $3,295 3.35%
$50k-75k 274 $64,160,000 $234,161 $3,047 3.19%
$75k-100k 270 $77,490,000 $287,000 $3,380 3.28%
$250k+ 143 $130,035,000 $909,336 $4,150 2.85%
$50k or less 121 $20,705,000 $171,116 $2,566 3.17%

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

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 385 $153,685,000 $399,182 $3,037 3.12%
30-36% 340 $155,450,000 $457,206 $3,265 3.14%
<20% 144 $41,910,000 $291,042 $2,328 2.97%
42% 94 $33,390,000 $355,213 $3,081 3.74%
41% 78 $32,140,000 $412,051 $3,844 3.29%
40% 71 $35,145,000 $495,000 $3,465 3.29%
37% 70 $32,850,000 $469,286 $3,432 3.33%
36% 63 $34,805,000 $552,460 $3,514 3.13%
38% 62 $28,610,000 $461,452 $3,154 3.36%
44% 58 $24,290,000 $418,793 $4,171 3.09%
39% 50 $24,880,000 $497,600 $3,768 3.22%
43% 50 $17,400,000 $348,000 $3,180 3.11%
49% 33 $11,865,000 $359,545 $3,816 3.03%
48% 32 $11,140,000 $348,125 $4,711 3.12%
45% 29 $11,125,000 $383,621 $4,732 3.08%
46% 25 $11,835,000 $473,400 $3,427 3.04%
47% 22 $7,340,000 $333,636 $5,090 2.98%
50-60% 22 $8,670,000 $394,091 $9,006 2.76%
>60% 3 $1,165,000 $388,333 $7,573 3.00%

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.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 692 $222,500,000 $321,532 $3,173 3.29%
Not provided 407 $157,165,000 $386,155 $3,441 3.23%
Asian 236 $146,310,000 $619,958 $3,668 2.86%
Asian Indian 81 $78,025,000 $963,272 $4,220 2.59%
Black 148 $48,970,000 $330,878 $3,442 3.31%
American Indian 27 $10,535,000 $390,185 $2,743 3.18%
Filipino 27 $8,605,000 $318,704 $2,648 3.31%
Native Hawaiian 7 $2,385,000 $340,714 $5,014 2.89%
Other Pacific Islander 7 $2,275,000 $325,000 $3,464 3.77%
Chinese 2 $1,480,000 $740,000 $3,092 2.94%
Other Asian 3 $1,105,000 $368,333 $6,833 2.67%
Not applicable 1 $855,000 $855,000 $0 4.20%
Japanese 1 $655,000 $655,000 $5,099 2.38%

Approval Rates

Total approvals of all applications
83.44%

Travis Credit Union has a below average approval rate.

Pick Rate

Approvals leading to origination
60.39%

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 1,639 $680,865,000 $415,415

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,639 $680,865,000 $415,415

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 232 $49,820,000 $214,741 $2,478 3.04%
40-60% 353 $117,715,000 $333,470 $2,762 3.04%
60-80% 633 $341,085,000 $538,839 $3,516 3.02%
80-100% 293 $161,085,000 $549,778 $5,318 2.90%
Over 100% 3 $1,685,000 $561,667 $18,723 3.13%
Under 20% 124 $8,670,000 $69,919 $1,118 5.29%