Travis Credit Union Mortgage Rates, Fees & Info
Vacaville, CALEI: 549300GAX7IKJUKCJE72
Tax ID: 94-1242831
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Mortgage Data
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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.70% | 11/17/24 |
| 30 Year Conventional Purchase | 6.57% | 11/17/24 |
| 30 Year Conventional Refi | 6.03% | 11/17/24 |
| 30 Year Cash-out Refi | 6.32% | 11/17/24 |
| 30 Year FHA Purchase | 7.03% | 11/17/24 |
| 30 Year VA Purchase | 6.43% | 11/17/24 |
| 30 Year VA Refi | 5.17% | 11/17/24 |
| 15 Year Conventional Purchase | 6.29% | 11/17/24 |
| 15 Year Conventional Refi | 5.97% | 11/17/24 |
| 15 Year Cash-out Refi | 5.97% | 11/17/24 |
| 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
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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
1,001Origination Dollar Volume (All Markets)
$148,925,000Awards
TRAVIS CREDIT UNION - 2023
TRAVIS CREDIT UNION is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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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% |
Their top states include:
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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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Product Mix
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
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
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
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
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
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
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
Approval Rates
Total approvals of all applications74.65%
Travis Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination68.73%
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 |