Truity Federal Credit Union Mortgage Rates, Fees & Info

Bartlesville, OK

LEI: 549300Q1YFRSB8UEGH03

Tax ID: 73-0561962

5 stars - Updated: 6/17/24 - out of 5 stars, based on 22 reviews

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

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Mortgage Data

Review & Overview

Truity Federal Credit Union is a smaller credit union specializing in Home Purchase and Other loans. Truity Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Lawrence, Bartlesville, Houston, Tulsa, and Anchorage among others. We have data for 59 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 relatively high 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 6.45% 6/17/24
30 Year Conventional Refi 6.31% 6/17/24
30 Year Cash-out Refi 6.70% 6/17/24
15 Year Conventional Purchase 5.74% 6/17/24
15 Year Conventional Refi 5.48% 6/17/24
15 Year Cash-out Refi 5.48% 6/17/24
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.

Truity 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 Truity 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

490

Origination Dollar Volume (All Markets)

$133,790,000
Show all (7) awards

Relative Rate

Truity Federal Credit Union's average 30 year fixed mortgage rate was 6.57%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.09%.

Relative Fees (Closing Costs)

Truity Federal Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $3,742.

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 $9,089.

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) 137 $46,715,000 $340,985 $1,707 6.48%
Bartlesville, OK (FHA|USDA|VA) 130 $23,560,000 $181,231 $3,095 6.57%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 39 $12,395,000 $317,821 $4,723 6.21%
TULSA, OK (FHA|USDA|VA) 29 $6,425,000 $221,552 $3,234 6.30%
ANCHORAGE, AK (FHA|USDA|VA) 6 $4,680,000 $780,000 $10,780 6.58%
Outside of Metro Areas 20 $4,430,000 $221,500 $2,900 6.44%
KANSAS CITY, MO-KS (FHA|USDA|VA) 18 $3,320,000 $184,444 $1,566 6.35%
TOPEKA, KS (FHA|USDA|VA) 18 $3,050,000 $169,444 $1,790 6.74%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $3,005,000 $3,005,000 $10,942 6.88%
MIDLAND, TX (FHA|USDA|VA) 7 $2,955,000 $422,143 $6,602 6.27%
OKLAHOMA CITY, OK (FHA|USDA|VA) 6 $2,150,000 $358,333 $4,662 6.65%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $1,910,000 $955,000 $7,806 6.25%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 8 $1,760,000 $220,000 $1,512 5.84%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 3 $1,375,000 $458,333 $2,194 5.79%
BILLINGS, MT (FHA|USDA|VA) 2 $1,250,000 $625,000 $8,905 5.81%
MANHATTAN, KS (FHA|USDA|VA) 2 $1,170,000 $585,000 $1,830 6.69%
Kalispell, MT (FHA|USDA|VA) 2 $1,010,000 $505,000 $81 7.13%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 3 $955,000 $318,333 $2,231 6.29%
Dickinson, ND (FHA|USDA|VA) 2 $810,000 $405,000 $4,362 6.06%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $775,000 $775,000 $8,002 6.00%
WICHITA, KS (FHA|USDA|VA) 5 $765,000 $153,000 $2,022 6.72%
AMARILLO, TX (FHA|USDA|VA) 1 $685,000 $685,000 $2,227 5.88%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $635,000 $635,000 $10,090 6.75%
Borger, TX (FHA|USDA|VA) 3 $595,000 $198,333 $3,246 6.08%
FORT SMITH, AR-OK (FHA|USDA|VA) 3 $535,000 $178,333 $2,126 6.79%
Elk City, OK (FHA|USDA|VA) 1 $465,000 $465,000 $3,943 6.50%
PITTSBURGH, PA (FHA|USDA|VA) 1 $455,000 $455,000 $5,744 6.38%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $410,000 $205,000 $2,240 6.50%
TYLER, TX (FHA|USDA|VA) 1 $395,000 $395,000 $2,558 6.38%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $380,000 $190,000 $1,309 6.50%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 2 $380,000 $190,000 $7,608 6.19%
Carlsbad-Artesia, NM (FHA|USDA|VA) 1 $365,000 $365,000 $5,757 5.88%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 1 $365,000 $365,000 $3,466 6.00%
Fredericksburg, TX (FHA|USDA|VA) 1 $355,000 $355,000 $2,920 6.00%
ODESSA, TX (FHA|USDA|VA) 1 $315,000 $315,000 $5,456 6.88%
Traverse City, MI (FHA|USDA|VA) 1 $315,000 $315,000 $3,040 7.38%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $275,000 $275,000 $0 5.88%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $255,000 $255,000 $4,952 6.13%
LAKE CHARLES, LA (FHA|USDA|VA) 1 $245,000 $245,000 $5,428 5.88%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $155,000 $155,000 $2,515 7.63%
Arkadelphia, AR (FHA|USDA|VA) 1 $145,000 $145,000 $4,947 8.50%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $145,000 $145,000 $3,200 6.63%
ROCHESTER, NY (FHA|USDA|VA) 1 $145,000 $145,000 $3,109 6.13%
Tahlequah, OK (FHA|USDA|VA) 2 $140,000 $70,000 $2,848 6.12%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $125,000 $125,000 $2,183 7.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $115,000 $115,000 $2,501 6.38%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 3 $115,000 $38,333 $1,447 6.17%
Mayfield, KY (FHA|USDA|VA) 1 $115,000 $115,000 $4,049 6.13%
Beeville, TX (FHA|USDA|VA) 1 $115,000 $115,000 $3,249 5.75%
Coffeyville, KS (FHA|USDA|VA) 1 $95,000 $95,000 $2,174 6.00%
Winfield, KS (FHA|USDA|VA) 1 $95,000 $95,000 $2,155 7.00%
Branson, MO (FHA|USDA|VA) 1 $85,000 $85,000 $668 4.63%
Madisonville, KY (FHA|USDA|VA) 1 $65,000 $65,000 $1,070 7.00%
Ottawa, KS (FHA|USDA|VA) 2 $60,000 $30,000 $899 5.44%
Bonham, TX (FHA|USDA|VA) 1 $55,000 $55,000 $1,285 4.63%
Weatherford, OK (FHA|USDA|VA) 1 $45,000 $45,000 $2,311 7.13%
Norfolk, NE (FHA|USDA|VA) 1 $35,000 $35,000 $1,032 7.50%
LOUISVILLE, KY (FHA|USDA|VA) 1 $25,000 $25,000 $1,307 6.50%
Russellville, AR (FHA|USDA|VA) 1 $25,000 $25,000 $628 4.63%
Truity Federal Credit Union's top markets include Lawrence, Bartlesville, Houston, Tulsa, and Anchorage among others.

Their top states include:
  • Kansas (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Alaska (FHA|USDA|VA)
  • New York (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.

    CoreFirst Bank & Trust
    Similarity Rank: 90
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    United Bank
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    AMOCO
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 453 $106,065,000 $234,139 $2,966 6.41%
    HELOC 37 $27,725,000 $749,324 n/a 6.86%

    For 2023, Truity Federal Credit Union's most frequently originated type of loan was Conventional, with 453 originations. Their 2nd most popular type was HELOC, with 37 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 313 $92,965,000 $297,013 $3,732 6.52%
    Other 102 $33,730,000 $330,686 $1,081 6.50%
    Home Improvement 64 $4,560,000 $71,250 $1,125 5.95%
    Cash Out Refi 8 $1,600,000 $200,000 $2,968 6.66%
    Refi 3 $935,000 $311,667 $3,225 6.17%

    For 2023, Truity Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 313 originations. The 2nd most popular reason was Other, with 102 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 271 $82,755,000 $305,369 $3,742 6.57%
    10 Year 96 $10,810,000 $112,604 $1,317 6.23%
    15 Year 71 $10,675,000 $150,352 $2,341 6.16%
    5 Year 41 $27,475,000 $670,122 $820 6.49%
    20 Year 7 $1,535,000 $219,286 $4,348 6.21%
    1 Year 2 $150,000 $75,000 $0 8.80%
    Other 2 $390,000 $195,000 $0 6.62%

    For 2023, Truity Federal Credit Union's most frequently cited loan duration was 30 Year, with 271 originations. The 2nd most popular length was 10 Year, with 96 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 396 $83,390,000 $210,581
    $5k+ 24 $13,960,000 $581,667
    $3k-4k 12 $3,910,000 $325,833
    $2k-3k 9 $1,925,000 $213,889
    $1k-2k 6 $810,000 $135,000
    $4k-5k 6 $2,070,000 $345,000

    Truity Federal Credit Union's average total fees were $3,742, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 396 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 282 $80,900,000 $286,879
    5-6% 102 $34,320,000 $336,471
    7-8% 65 $15,425,000 $237,308
    4-5% 36 $2,630,000 $73,056
    Over 8% 5 $515,000 $103,000

    During 2023, Truity Federal Credit Union's average interest rate for loans was 6.57%, while their most frequently originated rate bucket for loans was 6-7%, with 282 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 149 $8,725,000 $58,557 $1,404 6.25%
    $200k-400k 140 $39,710,000 $283,643 $3,563 6.54%
    $100k-200k 128 $18,580,000 $145,156 $2,622 6.59%
    $400k-600k 39 $19,485,000 $499,615 $4,802 6.41%
    $600k-1MM 29 $21,205,000 $731,207 $6,380 6.38%
    $1MM+ 5 $26,085,000 $5,217,000 $9,652 6.28%

    2023 saw Truity Federal Credit Union place emphasis on $100,000 or less loans with 149 originations, totaling $8,725,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 108 $30,680,000 $284,074 $3,758 6.37%
    $100k-150k 101 $18,475,000 $182,921 $2,373 6.45%
    $250k+ 71 $35,065,000 $493,873 $4,530 6.41%
    $75k-100k 70 $10,200,000 $145,714 $2,345 6.52%
    $50k-75k 62 $6,570,000 $105,968 $1,919 6.33%
    $50k or less 43 $5,335,000 $124,070 $2,384 6.36%

    Truity Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 108 originations. The second most popular income band? $100k-150k, with 101 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 123 $30,165,000 $245,244 $3,060 6.50%
    30-36% 107 $25,365,000 $237,056 $3,129 6.50%
    <20% 44 $6,990,000 $158,864 $2,811 6.11%
    >60% 27 $7,145,000 $264,630 $2,176 6.79%
    39% 22 $5,190,000 $235,909 $3,408 6.53%
    42% 22 $4,090,000 $185,909 $2,040 6.05%
    41% 20 $7,270,000 $363,500 $3,294 6.44%
    43% 16 $4,440,000 $277,500 $2,496 6.29%
    40% 15 $3,955,000 $263,667 $2,683 6.21%
    36% 14 $2,340,000 $167,143 $2,479 6.60%
    38% 14 $3,260,000 $232,857 $3,241 6.11%
    37% 12 $2,120,000 $176,667 $2,313 6.23%
    50-60% 11 $2,725,000 $247,727 $6,611 6.98%
    44% 11 $1,695,000 $154,091 $1,709 6.56%
    45% 10 $1,860,000 $186,000 $2,237 6.70%
    46% 7 $1,215,000 $173,571 $2,145 6.41%
    48% 3 $895,000 $298,333 $4,249 6.25%
    47% 3 $1,455,000 $485,000 $7,936 6.79%
    49% 3 $1,045,000 $348,333 $4,660 6.54%

    Truity Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 123 originations. The next most common DTI ratio? 30-36%, with 107 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 365 $81,185,000 $222,425 $2,860 6.39%
    Not applicable 37 $27,725,000 $749,324 $0 6.86%
    Not provided 48 $16,640,000 $346,667 $3,634 6.46%
    Asian 12 $3,550,000 $295,833 $3,285 6.54%
    American Indian 21 $3,245,000 $154,524 $3,224 6.58%
    Black 6 $1,400,000 $233,333 $2,916 6.44%
    Vietnamese 1 $45,000 $45,000 $799 6.50%

    Approval Rates

    Total approvals of all applications
    82.36%

    Truity Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    77.14%

    Truity Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 490 $133,790,000 $273,041

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    490 $133,790,000 $273,041

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 66 $7,220,000 $109,394 $1,713 6.36%
    40-60% 39 $8,945,000 $229,359 $2,820 6.46%
    60-80% 115 $36,375,000 $316,304 $3,943 6.51%
    80-100% 189 $56,065,000 $296,640 $3,655 6.57%
    Over 100% 2 $20,070,000 $10,035,000 $0 6.94%
    Under 20% 76 $4,050,000 $53,289 $1,098 6.07%