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

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

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Mortgage Data

  • SimulatedRates™
  • Review & 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 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.

    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
    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.


    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 mortgage rate was 3.03%.

    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.

    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
    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.

    Their top states include:
  • California (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Idaho (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.

    MERCO Credit Union
    Similarity Rank: 348
    El Dorado Savings Bank, F.S.B.
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    HERITAGE COMMUNITY CREDIT UNION
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    CommonWealth Central Credit Union
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    1ST NORTHERN CALIFORNIA
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    SAN FRANCISCO FEDERAL CREDIT UNION
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    Sierra Central Credit Union
    Similarity Rank: 2628
    SAN DIEGO COUNTY CREDIT UNION
    Similarity Rank: 2715
    SAFEAMERICA CREDIT UNION
    Similarity Rank: 2895
    S&S Financial
    Similarity Rank: 3196

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. 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 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.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 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.

    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 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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 879 $349,035,000 $397,082
    $1k-2k 495 $237,245,000 $479,283
    $2k-3k 86 $33,630,000 $391,047
    $3k-4k 58 $21,100,000 $363,793
    $5k+ 32 $13,600,000 $425,000
    $4k-5k 30 $12,400,000 $413,333

    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.

    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 for loans was 3.03%, while their most frequently originated rate bucket for loans was 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 or Islander 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
    88.80%

    Travis Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    57.78%

    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%