Truity Federal Credit Union Mortgage Rates, Fees & Info

Bartlesville, OK

LEI: 549300Q1YFRSB8UEGH03

Tax ID: 73-0561962

5 stars - out of 5 stars, based on 33 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Truity Federal Credit Union is a smaller credit union specializing in Home Purchase and Refi loans. Truity Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Lawrence, Houston, Bartlesville, Kansas City, and Fayetteville among others. We have data for 91 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Truity 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. Truity 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
    30 Year Conventional Purchase 6.30% 1/29/23
    30 Year Conventional Refi 6.18% 1/29/23
    30 Year Cash-out Refi 6.44% 1/29/23
    15 Year Conventional Purchase 5.63% 1/29/23
    15 Year Conventional Refi 5.63% 1/29/23
    15 Year Cash-out Refi 5.63% 1/29/23
    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.


    Originations

    1,090

    Origination Dollar Volume (All Markets)

    $272,030,000
    Show all (19) awards

    Relative Rate

    Truity Federal Credit Union's average 30 year fixed mortgage rate was 2.88%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.27%.

    Relative Fees (Closing Costs)

    Truity Federal Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $2,376.

    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 $4,750.

    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
    LAWRENCE, KS (FHA|USDA|VA) 378 $82,410,000 $218,016 $1,626 2.74%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 96 $36,090,000 $375,938 $3,500 2.73%
    Bartlesville, OK (FHA|USDA|VA) 191 $32,865,000 $172,068 $2,693 2.79%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 62 $17,300,000 $279,032 $1,733 2.70%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 51 $12,975,000 $254,412 $1,947 2.67%
    TULSA, OK (FHA|USDA|VA) 54 $11,490,000 $212,778 $2,799 2.89%
    ANCHORAGE, AK (FHA|USDA|VA) 17 $9,435,000 $555,000 $2,295 2.61%
    Outside of Metro Areas 32 $8,400,000 $262,500 $2,794 2.90%
    TOPEKA, KS (FHA|USDA|VA) 38 $6,680,000 $175,789 $1,841 2.66%
    MIDLAND, TX (FHA|USDA|VA) 14 $5,220,000 $372,857 $3,089 2.84%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 9 $3,825,000 $425,000 $2,159 2.81%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 6 $3,540,000 $590,000 $2,844 2.65%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 3 $2,165,000 $721,667 $3,784 2.83%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 4 $1,940,000 $485,000 $6,090 2.69%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 6 $1,710,000 $285,000 $2,902 2.88%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 3 $1,695,000 $565,000 $2,174 2.92%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 6 $1,690,000 $281,667 $4,546 2.69%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 6 $1,690,000 $281,667 $2,263 2.77%
    AMARILLO, TX (FHA|USDA|VA) 6 $1,590,000 $265,000 $2,978 2.69%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 2 $1,370,000 $685,000 $3,166 2.75%
    Carlsbad-Artesia, NM (FHA|USDA|VA) 5 $1,355,000 $271,000 $1,767 2.68%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 4 $1,300,000 $325,000 $3,381 2.81%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 3 $1,055,000 $351,667 $1,735 3.00%
    BILLINGS, MT (FHA|USDA|VA) 3 $1,045,000 $348,333 $3,664 2.67%
    Dickinson, ND (FHA|USDA|VA) 3 $915,000 $305,000 $1,729 2.54%
    Borger, TX (FHA|USDA|VA) 4 $820,000 $205,000 $3,497 2.91%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $805,000 $805,000 $2,276 3.25%
    FORT COLLINS, CO (FHA|USDA|VA) 1 $765,000 $765,000 $0 4.35%
    Ottawa, KS (FHA|USDA|VA) 6 $730,000 $121,667 $1,857 2.90%
    LAKE CHARLES, LA (FHA|USDA|VA) 2 $660,000 $330,000 $6,906 2.69%
    Coffeyville, KS (FHA|USDA|VA) 6 $650,000 $108,333 $2,018 2.56%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $560,000 $280,000 $3,880 2.75%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $545,000 $545,000 $3,684 3.00%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $545,000 $545,000 $3,181 2.75%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $535,000 $535,000 $2,682 2.75%
    Stillwater, OK (FHA|USDA|VA) 1 $515,000 $515,000 $4,463 2.63%
    WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 1 $515,000 $515,000 $1,703 2.25%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $485,000 $485,000 $3,025 2.75%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 2 $480,000 $240,000 $4,077 3.00%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 2 $480,000 $240,000 $2,931 2.44%
    SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 1 $425,000 $425,000 $2,038 2.75%
    MANHATTAN, KS (FHA|USDA|VA) 2 $410,000 $205,000 $1,545 3.30%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $405,000 $405,000 $1,703 2.88%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $405,000 $405,000 $2,417 2.75%
    APPLETON, WI (FHA|USDA|VA) 1 $405,000 $405,000 $1,640 2.88%
    Hailey, ID (FHA|USDA|VA) 1 $385,000 $385,000 $2,900 2.75%
    DECATUR, AL (FHA|USDA|VA) 1 $385,000 $385,000 $2,076 3.00%
    Ardmore, OK (FHA|USDA|VA) 1 $385,000 $385,000 $3,043 2.88%
    Heber, UT (FHA|USDA|VA) 1 $375,000 $375,000 $2,950 3.00%
    WICHITA, KS (FHA|USDA|VA) 2 $370,000 $185,000 $1,360 2.88%
    Russellville, AR (FHA|USDA|VA) 2 $370,000 $185,000 $1,646 3.31%
    JACKSON, MS (FHA|USDA|VA) 1 $365,000 $365,000 $6,893 2.63%
    Riverton, WY (FHA|USDA|VA) 1 $355,000 $355,000 $2,409 2.75%
    Mount Pleasant, MI (FHA|USDA|VA) 1 $355,000 $355,000 $2,020 2.63%
    ODESSA, TX (FHA|USDA|VA) 1 $355,000 $355,000 $2,250 3.13%
    FARMINGTON, NM (FHA|USDA|VA) 1 $345,000 $345,000 $1,058 3.13%
    Emporia, KS (FHA|USDA|VA) 1 $315,000 $315,000 $0 3.95%
    HAMMOND, LA (FHA|USDA|VA) 1 $315,000 $315,000 $3,464 2.88%
    Atchison, KS (FHA|USDA|VA) 1 $305,000 $305,000 $2,290 2.63%
    Salina, KS (FHA|USDA|VA) 1 $305,000 $305,000 $1,645 2.75%
    Taos, NM (FHA|USDA|VA) 1 $285,000 $285,000 $3,393 3.13%
    TUSCALOOSA, AL (FHA|USDA|VA) 1 $285,000 $285,000 $1,791 3.38%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $275,000 $275,000 $0 4.75%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $275,000 $275,000 $4,355 2.50%
    JACKSON, TN (FHA|USDA|VA) 1 $265,000 $265,000 $2,075 2.50%
    Brownwood, TX (FHA|USDA|VA) 1 $265,000 $265,000 $2,391 3.00%
    SALEM, OR (FHA|USDA|VA) 1 $265,000 $265,000 $2,528 2.75%
    CEDAR RAPIDS, IA (FHA|USDA|VA) 1 $255,000 $255,000 $2,346 2.75%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $255,000 $255,000 $2,532 2.50%
    GRAND JUNCTION, CO (FHA|USDA|VA) 1 $235,000 $235,000 $2,120 2.63%
    LAREDO, TX (FHA|USDA|VA) 1 $225,000 $225,000 $3,492 2.75%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $215,000 $215,000 $2,454 2.25%
    El Campo, TX (FHA|USDA|VA) 1 $205,000 $205,000 $2,165 2.75%
    RENO, NV (FHA|USDA|VA) 1 $205,000 $205,000 $1,692 2.13%
    ALBUQUERQUE, NM (FHA|USDA|VA) 1 $195,000 $195,000 $1,878 2.75%
    Pittsburg, KS (FHA|USDA|VA) 1 $185,000 $185,000 $1,945 2.75%
    WINSTON-SALEM, NC (FHA|USDA|VA) 1 $175,000 $175,000 $2,586 2.75%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $175,000 $175,000 $2,403 3.00%
    GREEN BAY, WI (FHA|USDA|VA) 1 $175,000 $175,000 $1,173 2.13%
    Hutchinson, KS (FHA|USDA|VA) 2 $170,000 $85,000 $1,553 3.38%
    Ponca City, OK (FHA|USDA|VA) 2 $150,000 $75,000 $3,334 2.69%
    GADSDEN, AL (FHA|USDA|VA) 1 $145,000 $145,000 $2,238 2.38%
    LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 1 $135,000 $135,000 $3,149 2.25%
    Muskogee, OK (FHA|USDA|VA) 1 $125,000 $125,000 $2,376 2.88%
    LANCASTER, PA (FHA|USDA|VA) 1 $125,000 $125,000 $2,132 2.50%
    FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 1 $125,000 $125,000 $1,795 2.75%
    JOPLIN, MO (FHA|USDA|VA) 1 $115,000 $115,000 $1,947 2.88%
    FORT SMITH, AR-OK (FHA|USDA|VA) 1 $115,000 $115,000 $1,281 2.00%
    Athens, TN (FHA|USDA|VA) 1 $105,000 $105,000 $2,168 2.75%
    Parsons, KS (FHA|USDA|VA) 1 $85,000 $85,000 $2,098 3.00%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $45,000 $45,000 $1,511 2.63%
    Truity Federal Credit Union's top markets include Lawrence, Houston, Bartlesville, Kansas City, and Fayetteville among others.

    Their top states include:
  • Kansas (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • Alaska (FHA|USDA|VA)
  • Similar Lenders

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

    Bank of the Flint Hills
    Similarity Rank: 126
    MORTGAGE CLEARING CORPORATION
    Similarity Rank: 280
    Azura Credit Union
    Similarity Rank: 308
    FIRST WESTERN MORTGAGE, INC.
    Similarity Rank: 352
    RED CROWN
    Similarity Rank: 360
    AMOCO
    Similarity Rank: 405
    OKLAHOMA CENTRAL Credit Union
    Similarity Rank: 450
    First Oklahoma Mortgage, LLC
    Similarity Rank: 540
    MAINSTREET FEDERAL CREDIT UNION
    Similarity Rank: 576
    FRONTIER COMMUNITY CREDIT UNION
    Similarity Rank: 693

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,090 $272,030,000 $249,569 $2,289 2.76%

    For 2021, Truity Federal Credit Union's most frequently originated type of loan was Conventional, with 1,090 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 534 $148,190,000 $277,509 $2,495 2.84%
    Refi 326 $75,090,000 $230,337 $2,085 2.54%
    Cash Out Refi 184 $38,900,000 $211,413 $2,191 2.80%
    Other 32 $8,410,000 $262,813 $1,845 3.06%
    Home Improvement 14 $1,440,000 $102,857 $1,611 3.46%

    For 2021, Truity Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 534 originations. The 2nd most popular reason was Refi, with 326 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 654 $178,000,000 $272,171 $2,376 2.88%
    15 Year 309 $62,605,000 $202,605 $2,158 2.44%
    20 Year 79 $17,765,000 $224,873 $2,280 2.71%
    10 Year 33 $3,375,000 $102,273 $1,855 3.09%
    5 Year 10 $8,890,000 $889,000 $0 3.95%
    Other 5 $1,395,000 $279,000 $1,956 2.95%

    For 2021, Truity Federal Credit Union's most frequently cited loan duration was 30 Year, with 654 originations. The 2nd most popular length was 15 Year, with 309 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,044 $250,860,000 $240,287
    $2k-3k 9 $2,255,000 $250,556
    $3k-4k 8 $2,780,000 $347,500
    $5k+ 7 $3,685,000 $526,429
    $1k-2k 6 $1,020,000 $170,000
    $4k-5k 5 $2,085,000 $417,000

    Truity Federal Credit Union's average total fees were $2,376, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,044 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 554 $146,730,000 $264,856
    <2.5% 350 $78,100,000 $223,143
    3-4% 176 $44,780,000 $254,432
    4-5% 9 $2,255,000 $250,556
    6-7% 1 $165,000 $165,000

    During 2021, Truity Federal Credit Union's average interest rate for loans was 2.88%, while their most frequently originated rate bucket for loans was 2.5-3%, with 554 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 426 $117,240,000 $275,211 $2,323 2.76%
    $100k-200k 383 $56,635,000 $147,872 $1,953 2.72%
    $400k-600k 133 $66,235,000 $498,008 $3,484 2.71%
    $100,000 or less 127 $8,955,000 $70,512 $1,908 2.91%
    $600k-1MM 16 $11,830,000 $739,375 $2,363 2.83%
    $1MM+ 5 $11,135,000 $2,227,000 $3,713 3.28%

    2021 saw Truity Federal Credit Union place emphasis on $200k-400k loans with 426 originations, totaling $117,240,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 256 $61,150,000 $238,867 $2,261 2.77%
    $150k-250k 219 $70,345,000 $321,210 $2,625 2.73%
    $50k-75k 182 $29,870,000 $164,121 $1,925 2.73%
    $75k-100k 167 $32,195,000 $192,784 $2,191 2.78%
    $250k+ 132 $54,910,000 $415,985 $2,624 2.68%
    $50k or less 122 $14,120,000 $115,738 $2,065 2.79%

    Truity Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 256 originations. The second most popular income band? $150k-250k, with 219 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 357 $88,635,000 $248,277 $2,357 2.70%
    30-36% 208 $50,550,000 $243,029 $2,163 2.77%
    <20% 177 $40,425,000 $228,390 $2,199 2.64%
    41% 38 $10,320,000 $271,579 $2,409 2.76%
    40% 36 $7,700,000 $213,889 $2,080 2.94%
    38% 35 $7,225,000 $206,429 $2,192 2.81%
    36% 32 $8,710,000 $272,188 $2,519 2.69%
    42% 30 $7,220,000 $240,667 $2,366 2.85%
    39% 29 $8,135,000 $280,517 $2,316 2.92%
    37% 28 $7,760,000 $277,143 $2,325 3.03%
    43% 26 $6,660,000 $256,154 $2,268 2.82%
    45% 20 $5,000,000 $250,000 $2,408 2.73%
    44% 18 $4,430,000 $246,111 $2,205 2.78%
    >60% 10 $1,650,000 $165,000 $2,612 2.88%
    48% 10 $2,960,000 $296,000 $3,500 2.78%
    46% 8 $1,380,000 $172,500 $1,822 2.92%
    47% 8 $1,980,000 $247,500 $2,376 2.83%
    49% 4 $1,130,000 $282,500 $2,101 2.94%
    50-60% 3 $635,000 $211,667 $2,804 2.67%

    Truity Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 357 originations. The next most common DTI ratio? 30-36%, with 208 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 864 $209,590,000 $242,581 $2,254 2.75%
    Not provided 121 $29,515,000 $243,926 $2,257 2.69%
    Asian 40 $12,100,000 $302,500 $2,639 2.63%
    Not applicable 11 $9,345,000 $849,545 $0 3.98%
    American Indian 34 $6,260,000 $184,118 $2,769 2.82%
    Black 20 $5,220,000 $261,000 $2,450 2.88%

    Approval Rates

    Total approvals of all applications
    87.38%

    Truity Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    78.44%

    Truity Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,090 $272,030,000 $249,569

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,090 $272,030,000 $249,569

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 87 $20,725,000 $238,218 $1,974 2.70%
    40-60% 191 $50,695,000 $265,419 $2,287 2.60%
    60-80% 455 $114,895,000 $252,516 $2,287 2.75%
    80-100% 329 $82,615,000 $251,109 $2,476 2.85%
    Under 20% 26 $2,790,000 $107,308 $1,108 3.15%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    TRIAD FINANCIAL SERVICES, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 9.1%
    TRIAD FINANCIAL SERVICES, INC. Conventional home mortgage Closing on a mortgage 2 18.2%
    TRIAD FINANCIAL SERVICES, INC. Conventional home mortgage Struggling to pay mortgage 2 18.2%
    TRIAD FINANCIAL SERVICES, INC. Conventional home mortgage Trouble during payment process 5 45.5%
    TRIAD FINANCIAL SERVICES, INC. Other type of mortgage Closing on a mortgage 1 9.1%