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
  • Complaints
  • 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 Cash Out Refi, Refi, 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, Stillwater, and Enid among others. We have data for 18 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% 4/21/24
    30 Year Conventional Purchase 6.63% 4/21/24
    30 Year Conventional Refi 6.46% 4/21/24
    30 Year Cash-out Refi 6.75% 4/21/24
    30 Year VA Purchase 6.51% 4/21/24
    15 Year Conventional Purchase 6.51% 4/21/24
    15 Year Conventional Refi 5.84% 4/21/24
    15 Year Cash-out Refi 5.84% 4/21/24
    15 Year VA Purchase 6.25% 4/21/24
    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

    902

    Origination Dollar Volume (All Markets)

    $147,450,000

    Awards

    Tinker Federal Credit Union VA Loans bronze
    Show all (1) 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) 711 $125,015,000 $175,830 $2,925 3.68%
    Outside of Metro Areas 51 $6,655,000 $130,490 $3,551 3.34%
    TULSA, OK (FHA|USDA|VA) 51 $5,585,000 $109,510 $3,245 4.19%
    Shawnee, OK (FHA|USDA|VA) 34 $3,950,000 $116,176 $3,076 3.79%
    Stillwater, OK (FHA|USDA|VA) 10 $1,380,000 $138,000 $3,576 3.20%
    ENID, OK (FHA|USDA|VA) 13 $1,325,000 $101,923 $2,634 4.05%
    Ada, OK (FHA|USDA|VA) 9 $815,000 $90,556 $2,795 3.28%
    Tahlequah, OK (FHA|USDA|VA) 4 $810,000 $202,500 $4,784 3.00%
    Bartlesville, OK (FHA|USDA|VA) 3 $385,000 $128,333 $3,595 2.79%
    Altus, OK (FHA|USDA|VA) 2 $290,000 $145,000 $3,526 3.38%
    Ponca City, OK (FHA|USDA|VA) 4 $280,000 $70,000 $1,651 5.93%
    Woodward, OK (FHA|USDA|VA) 2 $260,000 $130,000 $2,382 3.50%
    Durant, OK (FHA|USDA|VA) 1 $205,000 $205,000 $3,458 2.88%
    LAWTON, OK (FHA|USDA|VA) 1 $135,000 $135,000 $2,883 2.75%
    McAlester, OK (FHA|USDA|VA) 2 $130,000 $65,000 $1,652 4.93%
    Muskogee, OK (FHA|USDA|VA) 1 $95,000 $95,000 $2,766 3.00%
    FORT SMITH, AR-OK (FHA|USDA|VA) 2 $80,000 $40,000 $2,188 3.31%
    Weatherford, OK (FHA|USDA|VA) 1 $55,000 $55,000 $3,235 3.00%
    Tinker Federal Credit Union's top markets include Oklahoma City, Tulsa, Shawnee, Stillwater, and Enid 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.

    Municipal Employees Credit Union of Oklahoma City
    Similarity Rank: 208
    RED CROWN
    Similarity Rank: 360
    WEOKIE
    Similarity Rank: 432
    OKLAHOMA CENTRAL Credit Union
    Similarity Rank: 450
    First Oklahoma Mortgage, LLC
    Similarity Rank: 540
    TRUE SKY
    Similarity Rank: 550
    ALLEGIANCE
    Similarity Rank: 657
    CWM PARTNERS, L.P.
    Similarity Rank: 666
    InterBank
    Similarity Rank: 841
    Tulsa Federal Credit Union
    Similarity Rank: 950

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 857 $136,825,000 $159,656 $2,852 3.73%
    VA 45 $10,625,000 $236,111 $5,397 2.99%

    For 2021, Tinker Federal Credit Union's most frequently originated type of loan was Conventional, with 857 originations. Their 2nd most popular type was VA, with 45 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 270 $41,540,000 $153,852 $3,866 3.18%
    Refi 228 $29,700,000 $130,263 $3,204 2.87%
    Home Purchase 207 $65,395,000 $315,918 $3,576 3.56%
    Home Improvement 125 $7,055,000 $56,440 $1,112 5.26%
    Other 72 $3,760,000 $52,222 $997 5.86%

    For 2021, Tinker Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 270 originations. The 2nd most popular reason was Refi, with 228 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 329 $37,925,000 $115,274 $2,756 3.73%
    30 Year 265 $46,375,000 $175,000 $4,077 3.27%
    10 Year 127 $9,755,000 $76,811 $1,821 4.19%
    20 Year 80 $12,080,000 $151,000 $3,695 3.05%
    Other 47 $1,855,000 $39,468 $529 4.45%
    3 Year 31 $3,525,000 $113,710 $0 4.97%
    5 Year 22 $35,910,000 $1,632,273 $0 4.20%
    1 Year 1 $25,000 $25,000 $0 4.50%

    For 2021, Tinker Federal Credit Union's most frequently cited loan duration was 15 Year, with 329 originations. The 2nd most popular length was 30 Year, with 265 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 573 $59,505,000 $103,848
    $1k-2k 136 $20,310,000 $149,338
    $2k-3k 60 $11,720,000 $195,333
    $3k-4k 29 $6,065,000 $209,138
    $5k+ 21 $5,845,000 $278,333
    $4k-5k 18 $3,720,000 $206,667

    Tinker Federal Credit Union's average total fees were $4,077, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 573 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 328 $79,470,000 $242,287
    2.5-3% 279 $40,445,000 $144,964
    <2.5% 112 $15,030,000 $134,196
    4-5% 65 $6,615,000 $101,769
    6-7% 41 $2,095,000 $51,098
    7-8% 35 $1,615,000 $46,143
    5-6% 30 $1,670,000 $55,667
    Over 8% 12 $510,000 $42,500

    During 2021, Tinker Federal Credit Union's average interest rate for loans was 3.27%, while their most frequently originated rate bucket for loans was 3-4%, with 328 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 405 $23,775,000 $58,704 $1,717 4.38%
    $100k-200k 337 $48,475,000 $143,843 $3,441 3.12%
    $200k-400k 149 $38,465,000 $258,154 $5,063 3.16%
    $400k-600k 10 $4,350,000 $435,000 $7,310 3.38%
    $1MM+ 1 $32,385,000 $32,385,000 $0 3.75%

    2021 saw Tinker Federal Credit Union place emphasis on $100,000 or less loans with 405 originations, totaling $23,775,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 230 $33,880,000 $147,304 $2,945 3.75%
    $50k-75k 220 $23,800,000 $108,182 $3,005 3.53%
    $75k-100k 186 $23,380,000 $125,699 $2,968 3.64%
    $50k or less 122 $10,130,000 $83,033 $2,504 3.63%
    $150k-250k 75 $13,405,000 $178,733 $3,731 3.62%
    $250k+ 18 $3,610,000 $200,556 $3,783 3.68%

    Tinker Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 230 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% 264 $35,140,000 $133,106 $2,968 3.44%
    30-36% 183 $24,565,000 $134,235 $3,060 3.62%
    <20% 142 $16,090,000 $113,310 $2,766 3.23%
    38% 32 $3,900,000 $121,875 $3,286 4.12%
    36% 31 $4,045,000 $130,484 $4,063 3.41%
    42% 30 $4,110,000 $137,000 $3,279 3.91%
    41% 30 $2,940,000 $98,000 $2,552 4.72%
    43% 28 $2,960,000 $105,714 $2,585 4.67%
    37% 28 $3,730,000 $133,214 $2,910 3.59%
    40% 27 $2,785,000 $103,148 $2,654 4.41%
    39% 23 $3,345,000 $145,435 $3,144 3.63%
    44% 17 $2,165,000 $127,353 $2,964 4.25%
    45% 7 $1,055,000 $150,714 $2,940 3.36%
    47% 4 $360,000 $90,000 $1,771 6.15%
    46% 3 $595,000 $198,333 $5,532 3.04%
    48% 1 $185,000 $185,000 $3,766 3.50%
    50-60% 1 $165,000 $165,000 $4,696 3.00%
    >60% 1 $245,000 $245,000 $3,110 3.50%

    Tinker Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 264 originations. The next most common DTI ratio? 30-36%, with 183 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 666 $84,370,000 $126,682 $3,014 3.67%
    Not applicable 49 $38,845,000 $792,755 $0 4.65%
    Not provided 70 $10,340,000 $147,714 $3,260 3.19%
    Black 49 $5,795,000 $118,265 $2,713 3.57%
    American Indian 47 $5,375,000 $114,362 $2,609 4.05%
    Asian 17 $2,175,000 $127,941 $2,652 3.37%
    Native Hawaiian or Islander 3 $315,000 $105,000 $2,031 3.58%
    Vietnamese 1 $235,000 $235,000 $6,310 2.75%

    Approval Rates

    Total approvals of all applications
    83.45%

    Tinker Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    55.10%

    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 902 $147,450,000 $163,470

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    902 $147,450,000 $163,470

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 131 $9,605,000 $73,321 $1,679 4.47%
    40-60% 159 $18,605,000 $117,013 $2,805 3.11%
    60-80% 321 $80,525,000 $250,857 $3,743 3.29%
    80-100% 188 $34,750,000 $184,840 $4,128 3.29%
    Over 100% 1 $325,000 $325,000 $12,269 3.25%
    Under 20% 102 $3,640,000 $35,686 $806 5.61%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Town Square Mortgage & Investments, LLC FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%