Tinker Federal Credit Union Mortgage Rates, Fees & Info

Oklahoma City, OK

LEI: 549300PZP3UHKYJ5ET63

Tax ID: 73-0560023

5 stars - Updated: 4/5/25 - out of 5 stars, based on 33 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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

    Tinker Federal Credit Union is a smaller credit union specializing in Home Improvement and Home Purchase loans. Tinker Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Oklahoma City, Tulsa, Shawnee, Enid, and Ada among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Tinker Federal 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. Tinker Federal 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) 7.04% 4/5/25
    30 Year Conventional Purchase 6.75% 4/5/25
    30 Year Conventional Refi 6.31% 4/5/25
    30 Year Cash-out Refi 6.68% 4/5/25
    30 Year VA Purchase 6.77% 4/5/25
    30 Year VA Refi 6.72% 4/5/25
    15 Year Conventional Purchase 7.05% 4/5/25
    15 Year Conventional Refi 7.22% 4/5/25
    15 Year Cash-out Refi 7.22% 4/5/25
    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.

    Tinker Federal Credit Union Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Tinker Federal 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

    1,083

    Origination Dollar Volume (All Markets)

    $104,745,000

    Awards

    Tinker Federal Credit Union 30 Year Conventional Loans gold
    Show all (1) awards

    Relative Rate

    Tinker Federal Credit Union's average 30 year fixed mortgage rate was 6.49%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of -0.06%.

    Relative Fees (Closing Costs)

    Tinker Federal Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $4,996.

    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 $8,356.

    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
    OKLAHOMA CITY, OK (FHA|USDA|VA) 808 $81,050,000 $100,309 $1,965 8.09%
    TULSA, OK (FHA|USDA|VA) 86 $7,140,000 $83,023 $1,819 8.41%
    Shawnee, OK (FHA|USDA|VA) 45 $4,845,000 $107,667 $2,415 8.06%
    Outside of Metro Areas 43 $4,155,000 $96,628 $2,439 8.46%
    ENID, OK (FHA|USDA|VA) 35 $2,435,000 $69,571 $2,069 8.42%
    Ada, OK (FHA|USDA|VA) 23 $1,645,000 $71,522 $1,890 8.42%
    Stillwater, OK (FHA|USDA|VA) 14 $1,500,000 $107,143 $2,282 8.48%
    LAWTON, OK (FHA|USDA|VA) 6 $390,000 $65,000 $1,731 8.69%
    Tahlequah, OK (FHA|USDA|VA) 3 $345,000 $115,000 $1,256 7.81%
    Durant, OK (FHA|USDA|VA) 3 $245,000 $81,667 $1,293 8.56%
    Ponca City, OK (FHA|USDA|VA) 4 $240,000 $60,000 $1,626 9.04%
    Bartlesville, OK (FHA|USDA|VA) 3 $235,000 $78,333 $2,791 8.83%
    Ardmore, OK (FHA|USDA|VA) 4 $230,000 $57,500 $1,481 9.85%
    McAlester, OK (FHA|USDA|VA) 2 $120,000 $60,000 $1,935 9.99%
    Altus, OK (FHA|USDA|VA) 2 $100,000 $50,000 $4,643 7.87%
    Weatherford, OK (FHA|USDA|VA) 1 $35,000 $35,000 $1,381 11.49%
    FORT SMITH, AR-OK (FHA|USDA|VA) 1 $35,000 $35,000 $1,281 8.49%
    Tinker Federal Credit Union's top markets include Oklahoma City, Tulsa, Shawnee, Enid, and Ada among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Tinker Federal Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    The Focus Federal Credit Union
    Similarity Rank: 44
    ALLEGIANCE
    Similarity Rank: 49
    US Employees O.C. Federal Credit Union
    Similarity Rank: 84
    TRUE SKY
    Similarity Rank: 136
    OKLAHOMA CENTRAL Credit Union
    Similarity Rank: 180
    TTCU Federal Credit Union
    Similarity Rank: 400
    CWM PARTNERS, L.P.
    Similarity Rank: 539
    Tulsa Federal Credit Union
    Similarity Rank: 620
    FIRST AMERICAN MORTGAGE, INC.
    Similarity Rank: 686
    Tinker Federal Credit Union
    Similarity Rank: 714

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 759 $80,045,000 $105,461 $1,950 8.15%
    HELOC 312 $22,020,000 $70,577 n/a 8.28%
    VA 12 $2,680,000 $223,333 $4,768 6.74%

    For 2024, Tinker Federal Credit Union's most frequently originated type of loan was Conventional, with 759 originations. Their 2nd most popular type was HELOC, with 312 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 478 $30,000,000 $62,762 $1,141 8.35%
    Other 252 $15,950,000 $63,294 $1,225 8.80%
    Home Purchase 189 $40,435,000 $213,942 $4,240 6.96%
    Cash Out Refi 149 $15,665,000 $105,134 $2,324 8.18%
    Refi 15 $2,695,000 $179,667 $3,808 7.32%

    For 2024, Tinker Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 478 originations. The 2nd most popular reason was Other, with 252 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 281 $20,685,000 $73,612 $931 8.08%
    15 Year 268 $23,490,000 $87,649 $1,605 9.09%
    10 Year 234 $13,760,000 $58,803 $1,117 8.28%
    20 Year 147 $11,015,000 $74,932 $3,948 8.04%
    30 Year 120 $28,250,000 $235,417 $4,996 6.49%
    1 Year 16 $4,080,000 $255,000 $1,711 7.20%
    3 Year 14 $2,630,000 $187,857 $0 7.89%
    5 Year 3 $835,000 $278,333 $0 7.87%

    For 2024, Tinker Federal Credit Union's most frequently cited loan duration was Other, with 281 originations. The 2nd most popular length was 15 Year, with 268 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 636 $51,220,000 $80,535
    $1k-2k 39 $6,085,000 $156,026
    $2k-3k 36 $8,390,000 $233,056
    $3k-4k 14 $3,990,000 $285,000
    $4k-5k 8 $3,220,000 $402,500
    $5k+ 4 $1,510,000 $377,500

    Tinker Federal Credit Union's average total fees were $4,996, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 636 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 474 $33,260,000 $70,169
    7-8% 345 $30,555,000 $88,565
    6-7% 209 $28,905,000 $138,301
    5-6% 51 $10,905,000 $213,824
    4-5% 4 $1,120,000 $280,000

    During 2024, Tinker Federal Credit Union's average interest rate for loans was 6.49%, while their most frequently originated rate bucket for loans was Over 8%, with 474 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 759 $39,515,000 $52,062 $1,192 8.50%
    $100k-200k 209 $28,115,000 $134,522 $2,721 7.76%
    $200k-400k 97 $25,715,000 $265,103 $5,124 6.79%
    $400k-600k 12 $5,680,000 $473,333 $6,095 6.55%
    $600k-1MM 4 $2,690,000 $672,500 $7,258 6.91%
    $1MM+ 2 $3,030,000 $1,515,000 $9,069 7.63%

    2024 saw Tinker Federal Credit Union place emphasis on $100,000 or less loans with 759 originations, totaling $39,515,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 315 $27,015,000 $85,762 $1,843 8.23%
    $150k-250k 249 $27,065,000 $108,695 $2,033 8.31%
    $75k-100k 184 $15,360,000 $83,478 $2,010 8.07%
    $50k-75k 171 $12,075,000 $70,614 $1,943 8.10%
    $50k or less 76 $4,640,000 $61,053 $1,905 7.76%
    $250k+ 53 $9,975,000 $188,208 $2,871 8.50%

    Tinker Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 315 originations. The second most popular income band? $150k-250k, with 249 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 271 $26,015,000 $95,996 $2,245 7.82%
    30-36% 232 $22,450,000 $96,767 $2,116 8.21%
    <20% 94 $11,150,000 $118,617 $2,170 7.31%
    41% 64 $5,110,000 $79,844 $1,528 8.42%
    42% 59 $4,665,000 $79,068 $1,666 8.63%
    39% 55 $4,345,000 $79,000 $1,868 8.60%
    37% 52 $4,540,000 $87,308 $1,856 8.64%
    43% 50 $3,920,000 $78,400 $1,472 8.47%
    36% 47 $3,575,000 $76,064 $1,934 8.31%
    38% 43 $4,195,000 $97,558 $1,967 8.50%
    40% 42 $3,080,000 $73,333 $1,272 8.89%
    44% 24 $1,500,000 $62,500 $1,152 9.26%
    45% 15 $1,375,000 $91,667 $2,025 8.65%
    46% 3 $515,000 $171,667 $3,848 7.65%
    48% 3 $765,000 $255,000 $4,642 6.17%
    47% 2 $180,000 $90,000 $2,876 8.31%
    >60% 2 $260,000 $130,000 $4,425 6.75%

    Tinker Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 271 originations. The next most common DTI ratio? 30-36%, with 232 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 812 $75,750,000 $93,288 $2,009 8.13%
    American Indian 104 $8,560,000 $82,308 $1,920 8.50%
    Not applicable 25 $7,105,000 $284,200 $0 7.73%
    Not provided 50 $5,460,000 $109,200 $2,281 8.05%
    Black 65 $4,465,000 $68,692 $1,447 8.64%
    Asian 21 $2,465,000 $117,381 $2,281 7.84%
    Vietnamese 1 $605,000 $605,000 $11,276 6.13%
    Native Hawaiian or Islander 4 $270,000 $67,500 $1,028 7.72%
    Filipino 1 $65,000 $65,000 $0 7.45%

    Approval Rates

    Total approvals of all applications
    75.94%

    Tinker Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    61.03%

    Tinker Federal 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
    90.5 6 $230,000 $38,333
    NA 1,077 $104,515,000 $97,043

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,083 $104,745,000 $96,717

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 355 $27,685,000 $77,986 $1,318 8.51%
    40-60% 106 $14,130,000 $133,302 $2,829 7.71%
    60-80% 125 $25,725,000 $205,800 $4,227 7.09%
    80-100% 73 $17,595,000 $241,027 $4,587 7.01%
    Over 100% 1 $165,000 $165,000 $6,785 6.88%
    Under 20% 423 $19,445,000 $45,969 $1,003 8.53%