Tarrant County's Credit Union Mortgage Rates, Fees & Info

Fort Worth, TX

LEI: 549300J5XPZQYI2FNC72

Tax ID: 75-1054189

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Tarrant County's Credit Union is a smaller credit union specializing in Cash Out Refi loans. Tarrant County's Credit Union has a high proportion of conventional loans. Their top (well, only) market is Dallas.

    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. Tarrant County's 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
    30 Year Conventional Purchase 6.32% 5/5/24
    30 Year Conventional Refi 6.27% 5/5/24
    30 Year Cash-out Refi 6.80% 5/5/24
    15 Year Conventional Purchase 6.05% 5/5/24
    15 Year Conventional Refi 5.78% 5/5/24
    15 Year Cash-out Refi 5.78% 5/5/24
    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






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Tarrant County's 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

    36

    Origination Dollar Volume (All Markets)

    $4,950,000

    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
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 36 $4,950,000 $137,500 $2,196 3.09%
    Tarrant County's Credit Union's top markets include and Dallas among others.

    Their top states include:
  • Texas (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 36 $4,950,000 $137,500 $2,196 3.09%

    For 2021, Tarrant County's Credit Union's most frequently originated type of loan was Conventional, with 36 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 20 $3,280,000 $164,000 $2,200 3.18%
    Home Improvement 6 $430,000 $71,667 $1,008 3.18%
    Refi 5 $685,000 $137,000 $3,806 2.61%
    Other 4 $370,000 $92,500 $1,175 3.18%
    Home Purchase 1 $185,000 $185,000 $5,294 2.75%

    For 2021, Tarrant County's Credit Union's most frequently cited loan purpose was Cash Out Refi, with 20 originations. The 2nd most popular reason was Home Improvement, with 6 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 11 $1,255,000 $114,091 $2,186 3.20%
    20 Year 9 $1,065,000 $118,333 $1,803 3.26%
    30 Year 7 $1,235,000 $176,429 $3,054 3.29%
    10 Year 5 $745,000 $149,000 $2,236 2.86%
    5 Year 3 $525,000 $175,000 $1,769 2.17%
    Other 1 $125,000 $125,000 $933 2.65%

    For 2021, Tarrant County's Credit Union's most frequently cited loan duration was 15 Year, with 11 originations. The 2nd most popular length was 20 Year, with 9 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 30 $4,080,000 $136,000
    $1k-2k 6 $870,000 $145,000

    Tarrant County's Credit Union's average total fees were $3,054, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 30 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 24 $2,980,000 $124,167
    <2.5% 6 $930,000 $155,000
    2.5-3% 6 $1,040,000 $173,333

    During 2021, Tarrant County's Credit Union's average interest rate for loans was 3.29%, while their most frequently originated rate bucket for loans was 3-4%, with 24 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 18 $2,510,000 $139,444 $2,588 3.00%
    $100,000 or less 13 $945,000 $72,692 $1,013 3.27%
    $200k-400k 5 $1,495,000 $299,000 $3,859 2.92%

    2021 saw Tarrant County's Credit Union place emphasis on $100k-200k loans with 18 originations, totaling $2,510,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 10 $1,120,000 $112,000 $1,570 3.27%
    $100k-150k 9 $1,195,000 $132,778 $2,371 3.13%
    $50k-75k 8 $980,000 $122,500 $2,187 2.95%
    $150k-250k 7 $995,000 $142,143 $2,386 3.14%
    $250k+ 2 $660,000 $330,000 $3,916 2.38%

    Tarrant County's Credit Union lent most frequently to those with incomes in the $75k-100k range, with 10 originations. The second most popular income band? $100k-150k, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 14 $1,980,000 $141,429 $2,198 3.18%
    20-30% 10 $1,000,000 $100,000 $1,893 3.15%
    40% 4 $670,000 $167,500 $2,197 2.61%
    <20% 3 $585,000 $195,000 $2,932 3.20%
    38% 2 $360,000 $180,000 $3,171 3.43%
    37% 1 $145,000 $145,000 $3,594 2.38%
    39% 1 $125,000 $125,000 $933 2.65%
    36% 1 $85,000 $85,000 $914 3.15%

    Tarrant County's Credit Union lent most frequently to those with DTI ratios of 30-36%, with 14 originations. The next most common DTI ratio? 20-30%, with 10 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 25 $3,845,000 $153,800 $2,491 2.99%
    Not provided 8 $730,000 $91,250 $1,113 3.36%
    Black 2 $190,000 $95,000 $2,303 3.19%
    Asian 1 $185,000 $185,000 $3,281 3.15%

    Approval Rates

    Total approvals of all applications
    61.59%

    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 origination
    50.00%

    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
    NA 36 $4,950,000 $137,500

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    36 $4,950,000 $137,500

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 5 $465,000 $93,000 $2,247 2.86%
    40-60% 15 $2,005,000 $133,667 $2,044 3.16%
    60-80% 12 $2,230,000 $185,833 $2,745 3.03%
    Under 20% 4 $250,000 $62,500 $1,058 3.28%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Trinity Financial Services, LLC Conventional home mortgage Closing on a mortgage 1 11.1%
    Trinity Financial Services, LLC Conventional home mortgage Struggling to pay mortgage 3 33.3%
    Trinity Financial Services, LLC Home equity loan or line of credit (HELOC) Struggling to pay mortgage 3 33.3%
    Trinity Financial Services, LLC Other type of mortgage Struggling to pay mortgage 2 22.2%