Tarrant County's Credit Union Mortgage Rates, Fees & Info
Fort Worth, TXLEI: 549300J5XPZQYI2FNC72
Tax ID: 75-1054189
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Mortgage Data
Review & Overview
Tarrant County's Credit Union is a smaller credit union specializing in Cash Out Refi and Refi loans. Tarrant County's Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Austin, and Sherman among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)Tarrant County's Credit Union has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.32% | 12/17/24 |
| 30 Year Conventional Refi | 6.27% | 12/17/24 |
| 30 Year Cash-out Refi | 6.80% | 12/17/24 |
| 15 Year Conventional Purchase | 6.05% | 12/17/24 |
| 15 Year Conventional Refi | 5.78% | 12/17/24 |
| 15 Year Cash-out Refi | 5.78% | 12/17/24 |
| 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. | ||
Tarrant County's Credit Union Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
46Origination Dollar Volume (All Markets)
$7,310,000Top 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 |
|---|---|---|---|---|---|
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 44 | $6,590,000 | $149,773 | $0 | 3.43% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 4.50% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 46 | $7,310,000 | $158,913 | $0 | 3.46% |
For 2020, Tarrant County's Credit Union's most frequently originated type of loan was Conventional, with 46 originations.
Loan Reason
For 2020, Tarrant County's Credit Union's most frequently cited loan purpose was Cash Out Refi, with 23 originations. The 2nd most popular reason was Home Improvement, with 10 originations.
Loan Duration/Length
For 2020, Tarrant County's Credit Union's most frequently cited loan duration was 15 Year, with 17 originations. The 2nd most popular length was 20 Year, with 13 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 35 | $4,615,000 | $131,857 |
| $2k-3k | 2 | $420,000 | $210,000 |
| $3k-4k | 2 | $690,000 | $345,000 |
| $1k-2k | 1 | $185,000 | $185,000 |
Tarrant County's Credit Union's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 35 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 29 | $4,055,000 | $139,828 |
| 2.5-3% | 10 | $1,880,000 | $188,000 |
| 4-5% | 4 | $850,000 | $212,500 |
| 5-6% | 2 | $210,000 | $105,000 |
During 2020, Tarrant County's Credit Union's average interest rate for loans was 3.62%, while their most frequently originated rate bucket for loans was 3-4%, with 29 originations.
Loan Sizing
2020 saw Tarrant County's Credit Union place emphasis on $100,000 or less loans with 18 originations, totaling $1,070,000 in origination value.
Applicant Income
Tarrant County's Credit Union lent most frequently to those with incomes in the $100k-150k range, with 17 originations. The second most popular income band? $150k-250k, with 12 originations.
Applicant Debt to Income Ratio
Tarrant County's Credit Union lent most frequently to those with DTI ratios of 20-30%, with 18 originations. The next most common DTI ratio? 30-36%, with 9 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications55.15%
Tarrant County's Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination6.52%
Tarrant County's 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 |
|---|---|---|---|
| 1001.69 | 1 | $55,000 | $55,000 |
| 10034.66 | 1 | $185,000 | $185,000 |
| 1006.06 | 1 | $135,000 | $135,000 |
| 1021.64 | 1 | $45,000 | $45,000 |
| 1049.16 | 1 | $55,000 | $55,000 |
| 10761.99 | 1 | $255,000 | $255,000 |
| 1094.62 | 1 | $55,000 | $55,000 |
| 1103.7 | 1 | $65,000 | $65,000 |
| 1152.14 | 1 | $125,000 | $125,000 |
| 1230.43 | 1 | $75,000 | $75,000 |
| 1234.09 | 1 | $145,000 | $145,000 |
| 12579.6 | 1 | $215,000 | $215,000 |
| 13842.54 | 1 | $315,000 | $315,000 |
| 1433.76 | 1 | $125,000 | $125,000 |
| 1520.14 | 1 | $55,000 | $55,000 |
| 1683.96 | 1 | $55,000 | $55,000 |
| 1987.83 | 1 | $65,000 | $65,000 |
| 3183.79 | 1 | $395,000 | $395,000 |
| 3947.2 | 1 | $75,000 | $75,000 |
| 3982.72 | 1 | $275,000 | $275,000 |
| 4338.14 | 1 | $85,000 | $85,000 |
| 4470.08 | 1 | $225,000 | $225,000 |
| 4647.16 | 1 | $205,000 | $205,000 |
| 4855.0 | 1 | $125,000 | $125,000 |
| 4974.05 | 1 | $65,000 | $65,000 |
| 5473.21 | 1 | $225,000 | $225,000 |
| 5656.85 | 1 | $125,000 | $125,000 |
| 5778.58 | 1 | $55,000 | $55,000 |
| 5927.17 | 1 | $405,000 | $405,000 |
| 5986.06 | 1 | $145,000 | $145,000 |
| 6518.86 | 1 | $405,000 | $405,000 |
| 6715.07 | 1 | $65,000 | $65,000 |
| 6767.36 | 1 | $105,000 | $105,000 |
| 7316.38 | 1 | $375,000 | $375,000 |
| 8153.51 | 1 | $185,000 | $185,000 |
| 8265.97 | 1 | $95,000 | $95,000 |
| 869.08 | 1 | $35,000 | $35,000 |
| 8783.87 | 1 | $185,000 | $185,000 |
| 9002.24 | 1 | $215,000 | $215,000 |
| 9002.34 | 1 | $135,000 | $135,000 |
| 9091.78 | 1 | $185,000 | $185,000 |
| 914.7 | 1 | $35,000 | $35,000 |
| 9174.05 | 1 | $305,000 | $305,000 |
| 922.9 | 1 | $35,000 | $35,000 |
| NA | 2 | $520,000 | $260,000 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 1 | $65,000 | $65,000 |
| Single Family (1-4 Units):Site-Built | 45 | $7,245,000 | $161,000 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Trinity Financial Services, LLC | Conventional home mortgage | Struggling to pay mortgage | 2 | 33.3% |
| Trinity Financial Services, LLC | Conventional home mortgage | Trouble during payment process | 1 | 16.7% |
| Trinity Financial Services, LLC | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 1 | 16.7% |
| Trinity Financial Services, LLC | Other type of mortgage | Struggling to pay mortgage | 1 | 16.7% |
| Trinity Financial Services, LLC | Other type of mortgage | Trouble during payment process | 1 | 16.7% |