Travis Credit Union Mortgage Rates, Fees & Info

Vacaville, CA

LEI: 549300GAX7IKJUKCJE72

Tax ID: 94-1242831

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

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Mortgage Data

Review & Overview

Travis Credit Union is a smaller credit union specializing in 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: Vallejo, San Francisco, Sacramento, Merced, and Napa 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 a low 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
Home Equity Line of Credit (HELOC) 6.70% 3/24/24
30 Year Conventional Purchase 6.57% 3/24/24
30 Year Conventional Refi 6.03% 3/24/24
30 Year Cash-out Refi 6.32% 3/24/24
30 Year FHA Purchase 7.03% 3/24/24
30 Year VA Purchase 6.43% 3/24/24
30 Year VA Refi 5.17% 3/24/24
15 Year Conventional Purchase 6.29% 3/24/24
15 Year Conventional Refi 5.97% 3/24/24
15 Year Cash-out Refi 5.97% 3/24/24
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

1,485

Origination Dollar Volume (All Markets)

$401,655,000
Show all (12) awards

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) 732 $190,830,000 $260,697 $1,518 4.53%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 307 $100,435,000 $327,150 $2,105 4.43%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 201 $56,505,000 $281,119 $2,445 4.40%
MERCED, CA (FHA|USDA|VA) 89 $13,935,000 $156,573 $1,279 4.56%
NAPA, CA (FHA|USDA|VA) 27 $9,545,000 $353,519 $2,964 3.93%
STOCKTON, CA (FHA|USDA|VA) 28 $8,060,000 $287,857 $2,118 4.38%
MODESTO, CA (FHA|USDA|VA) 20 $4,400,000 $220,000 $1,115 4.48%
Outside of Metro Areas 16 $3,120,000 $195,000 $1,667 4.91%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 3 $2,095,000 $698,333 $7,507 4.17%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 6 $1,640,000 $273,333 $3,281 4.46%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 3 $1,485,000 $495,000 $0 4.17%
Truckee-Grass Valley, CA (FHA|USDA|VA) 7 $1,395,000 $199,286 $1,417 4.66%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 6 $1,320,000 $220,000 $2,023 4.63%
MADERA, CA (FHA|USDA|VA) 6 $1,200,000 $200,000 $1,203 3.60%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2 $630,000 $315,000 $4,617 4.38%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $505,000 $505,000 $2,804 3.63%
FRESNO, CA (FHA|USDA|VA) 3 $455,000 $151,667 $114 5.05%
Sonora, CA (FHA|USDA|VA) 3 $395,000 $131,667 $2,424 3.92%
REDDING, CA (FHA|USDA|VA) 2 $320,000 $160,000 $3,709 4.56%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $315,000 $315,000 $5,108 4.00%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 1 $315,000 $315,000 $3,155 2.63%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $285,000 $285,000 $3,411 4.75%
Clearlake, CA (FHA|USDA|VA) 3 $285,000 $95,000 $1,272 5.58%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $255,000 $255,000 $3,541 3.63%
BLOOMINGTON, IN (FHA|USDA|VA) 1 $215,000 $215,000 $2,845 3.63%
Ukiah, CA (FHA|USDA|VA) 1 $205,000 $205,000 $0 5.13%
CARSON CITY, NV (FHA|USDA|VA) 1 $185,000 $185,000 $5,758 3.63%
Klamath Falls, OR (FHA|USDA|VA) 1 $185,000 $185,000 $1,125 4.63%
Eureka-Arcata, CA (FHA|USDA|VA) 1 $185,000 $185,000 $4,196 3.63%
VISALIA, CA (FHA|USDA|VA) 1 $165,000 $165,000 $0 4.13%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $165,000 $165,000 $5,424 4.50%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 2 $150,000 $75,000 $2,273 6.00%
CHICO, CA (FHA|USDA|VA) 1 $145,000 $145,000 $4,221 4.00%
YUBA CITY, CA (FHA|USDA|VA) 2 $100,000 $50,000 $573 8.25%
Coffeyville, KS (FHA|USDA|VA) 1 $95,000 $95,000 $2,882 4.25%
Red Bluff, CA (FHA|USDA|VA) 2 $70,000 $35,000 $631 6.38%
SALINAS, CA (FHA|USDA|VA) 1 $65,000 $65,000 $343 6.75%
Travis Credit Union's top markets include Vallejo, San Francisco, Sacramento, Merced, and Napa among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,433 $381,595,000 $266,291 $1,549 4.51%
    FHA 36 $12,720,000 $353,333 $9,485 3.52%
    VA 16 $7,340,000 $458,750 $5,656 4.20%

    For 2019, Travis Credit Union's most frequently originated type of loan was Conventional, with 1,433 originations. Their 2nd most popular type was FHA, with 36 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 445 $130,655,000 $293,607 $1,590 4.08%
    Other 378 $75,070,000 $198,598 $1,097 5.24%
    Home Purchase 283 $105,165,000 $371,608 $3,942 3.94%
    Refi 212 $68,250,000 $321,934 $1,416 3.77%
    Home Improvement 167 $22,515,000 $134,820 $852 5.66%

    For 2019, Travis Credit Union's most frequently cited loan purpose was Cash Out Refi, with 445 originations. The 2nd most popular reason was Other, with 378 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 997 $329,735,000 $330,727 $2,346 4.04%
    15 Year 206 $31,010,000 $150,534 $942 5.28%
    20 Year 162 $23,430,000 $144,630 $747 5.99%
    Other 80 $12,150,000 $151,875 $585 5.26%
    10 Year 40 $5,330,000 $133,250 $1,013 3.88%

    For 2019, Travis Credit Union's most frequently cited loan duration was 30 Year, with 997 originations. The 2nd most popular length was 15 Year, with 206 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,235 $323,095,000 $261,615
    $1k-2k 109 $35,195,000 $322,890
    $2k-3k 52 $15,750,000 $302,885
    $3k-4k 24 $8,140,000 $339,167
    $4k-5k 10 $3,780,000 $378,000
    $5k+ 7 $3,015,000 $430,714

    Travis Credit Union's average total fees were $2,346, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,235 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 679 $217,035,000 $319,639
    4-5% 513 $151,015,000 $294,376
    6-7% 92 $4,860,000 $52,826
    7-8% 82 $4,950,000 $60,366
    5-6% 64 $12,340,000 $192,813
    2.5-3% 29 $9,895,000 $341,207
    Over 8% 26 $1,560,000 $60,000

    During 2019, Travis Credit Union's average interest rate for loans was 4.04%, while their most frequently originated rate bucket for loans was 3-4%, with 679 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 690 $206,690,000 $299,551 $1,950 4.01%
    $100,000 or less 266 $14,250,000 $53,571 $581 6.42%
    $400k-600k 262 $121,480,000 $463,664 $2,874 3.91%
    $100k-200k 232 $34,640,000 $149,310 $1,480 4.39%
    $600k-1MM 35 $24,595,000 $702,714 $4,099 4.01%

    2019 saw Travis Credit Union place emphasis on $200k-400k loans with 690 originations, totaling $206,690,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 455 $132,855,000 $291,989 $1,774 4.51%
    $150k-250k 289 $93,885,000 $324,862 $1,786 4.66%
    $50k-75k 279 $59,835,000 $214,462 $1,880 4.42%
    $75k-100k 272 $68,630,000 $252,316 $1,986 4.40%
    $50k or less 118 $16,810,000 $142,458 $1,365 4.38%
    $250k+ 58 $25,520,000 $440,000 $2,379 4.42%

    Travis Credit Union lent most frequently to those with incomes in the $100k-150k range, with 455 originations. The second most popular income band? $150k-250k, with 289 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 293 $84,615,000 $288,788 $1,930 4.48%
    20-30% 287 $73,645,000 $256,603 $1,525 4.37%
    <20% 109 $24,535,000 $225,092 $1,561 4.04%
    42% 106 $25,200,000 $237,736 $1,518 5.15%
    41% 88 $24,870,000 $282,614 $1,931 4.81%
    38% 72 $18,300,000 $254,167 $1,572 4.70%
    36% 68 $16,600,000 $244,118 $1,733 4.58%
    39% 66 $18,020,000 $273,030 $2,138 4.77%
    37% 65 $17,225,000 $265,000 $1,730 4.76%
    40% 63 $16,995,000 $269,762 $1,326 4.83%
    44% 50 $15,780,000 $315,600 $1,573 4.19%
    43% 49 $13,465,000 $274,796 $2,494 4.04%
    47% 40 $12,270,000 $306,750 $2,580 4.09%
    46% 29 $9,725,000 $335,345 $1,612 4.27%
    48% 28 $8,010,000 $286,071 $2,985 4.16%
    49% 27 $8,305,000 $307,593 $2,536 4.18%
    45% 23 $6,365,000 $276,739 $1,569 4.18%
    50-60% 13 $4,245,000 $326,538 $7,155 3.79%
    >60% 5 $2,395,000 $479,000 $3,435 4.23%

    Travis Credit Union lent most frequently to those with DTI ratios of 30-36%, with 293 originations. The next most common DTI ratio? 20-30%, with 287 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 885 $229,975,000 $259,859 $1,756 4.51%
    Not provided 258 $73,840,000 $286,202 $2,368 4.37%
    Asian 152 $47,750,000 $314,145 $1,901 4.40%
    Black 120 $31,710,000 $264,250 $1,217 4.57%
    Filipino 21 $5,985,000 $285,000 $1,842 4.76%
    American Indian 21 $4,365,000 $207,857 $1,421 4.52%
    Native Hawaiian or Islander 15 $3,745,000 $249,667 $1,694 4.60%
    Other Pacific Islander 8 $2,560,000 $320,000 $2,393 4.09%
    Asian Indian 2 $910,000 $455,000 $3,291 3.75%
    Other Asian 2 $520,000 $260,000 $0 3.96%
    Guamanian 1 $295,000 $295,000 $0 5.63%

    Approval Rates

    Total approvals of all applications
    78.16%

    Travis Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    80.07%

    Travis Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,485 $401,655,000 $270,475

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 6 $1,070,000 $178,333
    Single Family (1-4 Units):Site-Built 1,479 $400,585,000 $270,849

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 142 $21,190,000 $149,225 $1,500 4.53%
    40-60% 225 $56,125,000 $249,444 $1,667 3.96%
    60-80% 568 $193,190,000 $340,123 $1,640 4.02%
    80-100% 288 $114,770,000 $398,507 $3,625 3.98%
    Over 100% 1 $585,000 $585,000 $17,110 4.25%
    Under 20% 254 $14,210,000 $55,945 $510 6.55%