Tinker Federal Credit Union Mortgage Rates, Fees & Info

Oklahoma City, OK

LEI: 549300PZP3UHKYJ5ET63

Tax ID: 73-0560023

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
  • 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 Refi, Home Purchase, and Cash Out Refi loans. Tinker Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Oklahoma City, Tulsa, Enid, Shawnee, and Stillwater among others. We have data for 21 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 5.02% 4/14/24
    30 Year Conventional Purchase 6.63% 4/14/24
    30 Year Conventional Refi 6.46% 4/14/24
    30 Year Cash-out Refi 6.75% 4/14/24
    30 Year VA Purchase 6.51% 4/14/24
    15 Year Conventional Purchase 6.51% 4/14/24
    15 Year Conventional Refi 5.84% 4/14/24
    15 Year Cash-out Refi 5.84% 4/14/24
    15 Year VA Purchase 6.25% 4/14/24
    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.

    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

    1,053

    Origination Dollar Volume (All Markets)

    $142,475,000

    Awards

    Tinker Federal Credit Union 30 Year Conventional Loans silver Tinker Federal Credit Union 30 Year Conventional Loans silver
    Show all (2) 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
    OKLAHOMA CITY, OK (FHA|USDA|VA) 816 $113,990,000 $139,694 $2,838 3.73%
    TULSA, OK (FHA|USDA|VA) 46 $6,700,000 $145,652 $3,162 3.73%
    Outside of Metro Areas 58 $6,600,000 $113,793 $3,142 3.74%
    ENID, OK (FHA|USDA|VA) 42 $4,380,000 $104,286 $2,710 3.46%
    Shawnee, OK (FHA|USDA|VA) 31 $3,615,000 $116,613 $2,967 3.53%
    Stillwater, OK (FHA|USDA|VA) 13 $1,585,000 $121,923 $2,755 3.55%
    McAlester, OK (FHA|USDA|VA) 10 $1,450,000 $145,000 $3,651 3.95%
    Ada, OK (FHA|USDA|VA) 14 $1,070,000 $76,429 $2,058 4.01%
    Tahlequah, OK (FHA|USDA|VA) 5 $695,000 $139,000 $4,977 3.85%
    Duncan, OK (FHA|USDA|VA) 3 $605,000 $201,667 $3,947 3.25%
    Woodward, OK (FHA|USDA|VA) 2 $390,000 $195,000 $4,632 3.06%
    Elk City, OK (FHA|USDA|VA) 2 $370,000 $185,000 $3,531 4.81%
    Durant, OK (FHA|USDA|VA) 2 $220,000 $110,000 $4,428 2.63%
    Muskogee, OK (FHA|USDA|VA) 2 $200,000 $100,000 $4,466 3.00%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $185,000 $185,000 $0 6.00%
    Ardmore, OK (FHA|USDA|VA) 1 $125,000 $125,000 $3,990 2.75%
    LAWTON, OK (FHA|USDA|VA) 1 $95,000 $95,000 $2,964 2.88%
    Bartlesville, OK (FHA|USDA|VA) 1 $65,000 $65,000 $949 6.74%
    Weatherford, OK (FHA|USDA|VA) 1 $65,000 $65,000 $799 3.99%
    Altus, OK (FHA|USDA|VA) 1 $55,000 $55,000 $924 6.49%
    Ponca City, OK (FHA|USDA|VA) 1 $15,000 $15,000 $949 5.49%
    Tinker Federal Credit Union's top markets include Oklahoma City, Tulsa, Enid, Shawnee, and Stillwater among others.

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

    TRUE SKY
    Similarity Rank: 168
    RED CROWN
    Similarity Rank: 408
    WEOKIE
    Similarity Rank: 420
    ALLEGIANCE
    Similarity Rank: 432
    OKLAHOMA CENTRAL Credit Union
    Similarity Rank: 456
    Republic Bank & Trust
    Similarity Rank: 512
    SpiritBank
    Similarity Rank: 606
    Tulsa Federal Credit Union
    Similarity Rank: 819
    US Employees O.C. Federal Credit Union
    Similarity Rank: 836
    Municipal Employees Credit Union of Oklahoma City
    Similarity Rank: 880

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 995 $130,415,000 $131,070 $2,722 3.76%
    VA 58 $12,060,000 $207,931 $5,522 3.10%

    For 2020, Tinker Federal Credit Union's most frequently originated type of loan was Conventional, with 995 originations. Their 2nd most popular type was VA, with 58 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 288 $48,140,000 $167,153 $3,403 2.91%
    Home Purchase 272 $43,680,000 $160,588 $3,447 3.40%
    Cash Out Refi 272 $40,510,000 $148,934 $3,433 3.54%
    Home Improvement 138 $6,170,000 $44,710 $843 5.31%
    Other 83 $3,975,000 $47,892 $920 5.60%

    For 2020, Tinker Federal Credit Union's most frequently cited loan purpose was Refi, with 288 originations. The 2nd most popular reason was Home Purchase, with 272 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 363 $49,675,000 $136,846 $2,920 3.67%
    30 Year 318 $59,580,000 $187,358 $4,001 3.30%
    10 Year 188 $13,240,000 $70,426 $1,430 4.37%
    20 Year 89 $15,145,000 $170,169 $3,778 3.24%
    Other 82 $3,360,000 $40,976 $661 4.50%
    3 Year 7 $745,000 $106,429 $0 5.00%
    5 Year 4 $470,000 $117,500 $0 4.50%
    1 Year 2 $260,000 $130,000 $0 4.75%

    For 2020, Tinker Federal Credit Union's most frequently cited loan duration was 15 Year, with 363 originations. The 2nd most popular length was 30 Year, with 318 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 702 $76,630,000 $109,160
    $1k-2k 179 $29,685,000 $165,838
    $2k-3k 81 $17,655,000 $217,963
    $3k-4k 37 $8,375,000 $226,351
    $4k-5k 13 $3,235,000 $248,846
    $5k+ 12 $4,150,000 $345,833

    Tinker Federal Credit Union's average total fees were $4,001, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 702 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 427 $62,265,000 $145,820
    2.5-3% 291 $48,415,000 $166,375
    <2.5% 125 $19,555,000 $156,440
    4-5% 58 $5,090,000 $87,759
    6-7% 53 $2,305,000 $43,491
    5-6% 47 $2,515,000 $53,511
    7-8% 38 $1,760,000 $46,316
    Over 8% 14 $570,000 $40,714

    During 2020, Tinker Federal Credit Union's average interest rate for loans was 3.30%, while their most frequently originated rate bucket for loans was 3-4%, with 427 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 450 $24,990,000 $55,533 $1,537 4.54%
    $100k-200k 379 $55,645,000 $146,821 $3,430 3.13%
    $200k-400k 213 $56,445,000 $265,000 $4,545 3.10%
    $400k-600k 9 $4,015,000 $446,111 $4,230 3.15%
    $600k-1MM 2 $1,380,000 $690,000 $10,685 2.44%

    2020 saw Tinker Federal Credit Union place emphasis on $100,000 or less loans with 450 originations, totaling $24,990,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 280 $42,600,000 $152,143 $2,935 3.71%
    $50k-75k 220 $23,710,000 $107,773 $2,718 3.67%
    $75k-100k 208 $28,140,000 $135,288 $3,048 3.66%
    $50k or less 156 $12,370,000 $79,295 $2,382 3.82%
    $150k-250k 138 $25,860,000 $187,391 $3,156 3.72%
    $250k+ 23 $6,165,000 $268,043 $3,712 3.49%

    Tinker Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 280 originations. The second most popular income band? $50k-75k, with 220 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 351 $49,045,000 $139,729 $2,938 3.68%
    30-36% 212 $28,300,000 $133,491 $2,755 3.71%
    <20% 196 $25,190,000 $128,520 $2,927 3.37%
    36% 34 $4,990,000 $146,765 $2,725 3.76%
    38% 31 $4,215,000 $135,968 $2,754 4.14%
    37% 29 $4,205,000 $145,000 $2,902 3.54%
    39% 28 $3,320,000 $118,571 $2,456 4.05%
    40% 27 $3,265,000 $120,926 $2,659 4.06%
    42% 25 $3,235,000 $129,400 $3,229 4.84%
    43% 25 $3,905,000 $156,200 $3,143 3.89%
    41% 24 $2,240,000 $93,333 $1,865 4.50%
    44% 16 $2,670,000 $166,875 $2,829 4.09%
    45% 9 $1,245,000 $138,333 $4,121 3.39%
    48% 8 $2,010,000 $251,250 $4,678 3.38%
    47% 7 $915,000 $130,714 $3,552 3.09%
    46% 6 $850,000 $141,667 $3,098 3.64%
    49% 3 $395,000 $131,667 $2,928 2.75%
    >60% 2 $270,000 $135,000 $1,330 5.25%
    50-60% 1 $165,000 $165,000 $9,306 3.50%

    Tinker Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 351 originations. The next most common DTI ratio? 30-36%, with 212 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 795 $107,115,000 $134,736 $2,863 3.75%
    Not provided 96 $14,620,000 $152,292 $3,128 3.30%
    American Indian 66 $9,430,000 $142,879 $3,097 3.62%
    Black 47 $5,005,000 $106,489 $2,484 3.90%
    Asian 23 $3,465,000 $150,652 $2,762 3.68%
    Not applicable 19 $2,045,000 $107,632 $0 4.76%
    Native Hawaiian or Islander 2 $280,000 $140,000 $2,609 3.00%
    Guamanian 1 $135,000 $135,000 $2,634 3.63%
    Filipino 1 $125,000 $125,000 $2,687 3.13%
    Asian Indian 1 $105,000 $105,000 $2,928 2.50%
    Chinese 1 $105,000 $105,000 $2,105 2.50%
    Other Asian 1 $45,000 $45,000 $1,902 6.99%

    Approval Rates

    Total approvals of all applications
    83.05%

    Tinker Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    54.23%

    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
    NA 1,053 $142,475,000 $135,304

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $185,000 $185,000
    Single Family (1-4 Units):Manufactured 5 $195,000 $39,000
    Single Family (1-4 Units):Site-Built 1,047 $142,095,000 $135,716

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 165 $11,095,000 $67,242 $1,365 4.56%
    40-60% 152 $20,830,000 $137,039 $2,866 3.28%
    60-80% 329 $53,085,000 $161,353 $3,510 3.24%
    80-100% 286 $52,950,000 $185,140 $3,966 3.26%
    Over 100% 1 $255,000 $255,000 $13,220 3.25%
    Under 20% 120 $4,260,000 $35,500 $756 5.59%