Teachers Mortgage Rates, Fees & Info
Hauppauge, NYLEI: 549300R8VPSFM828B312
Tax ID: 11-1751016
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Mortgage Data
Review & Overview
Teachers is a smaller mortgage company specializing in Cash Out Refi, Other, and Home Purchase loans. Teachers has a high proportion of conventional loans. Their top markets by origination volume include: New York, Los Angeles, San Francisco, San Jose, and Miami among others. We have data for 91 markets. (Some data included below & more in-depth data is available with an active subscription.)Teachers has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Teachers 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.78% | 4/5/25 |
| 30 Year Conventional Refi | 6.65% | 4/5/25 |
| 30 Year Cash-out Refi | 6.95% | 4/5/25 |
| 30 Year VA Purchase | 6.45% | 4/5/25 |
| 15 Year Conventional Purchase | 6.46% | 4/5/25 |
| 15 Year Conventional Refi | 8.92% | 4/5/25 |
| 15 Year Cash-out Refi | 8.92% | 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. | ||
Teachers Mortgage Calculator
Your Estimates
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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
2,288Origination Dollar Volume (All Markets)
$526,890,000Awards
TEACHERS - 2024
TEACHERS is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
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Relative Rate
Teachers's average 30 year fixed mortgage rate was
7.32%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.77%.
Relative Fees (Closing Costs)
Teachers's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,961.
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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1,973 | $370,325,000 | $187,696 | $1,468 | 8.08% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 40 | $44,330,000 | $1,108,250 | $8,668 | 6.65% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 24 | $25,800,000 | $1,075,000 | $8,294 | 6.16% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 9 | $19,755,000 | $2,195,000 | $5,867 | 5.93% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 23 | $8,885,000 | $386,304 | $5,252 | 7.92% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 6 | $7,080,000 | $1,180,000 | $5,048 | 5.94% |
| Outside of Metro Areas | 22 | $4,950,000 | $225,000 | $3,873 | 7.66% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 12 | $3,870,000 | $322,500 | $2,925 | 7.45% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 12 | $3,450,000 | $287,500 | $4,919 | 7.35% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 3 | $2,615,000 | $871,667 | $10,591 | 5.96% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 18 | $2,480,000 | $137,778 | $2,338 | 7.82% |
| STOCKTON, CA (FHA|USDA|VA) | 3 | $2,215,000 | $738,333 | $5,354 | 5.79% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 6 | $1,780,000 | $296,667 | $3,672 | 7.75% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 5 | $1,765,000 | $353,000 | $3,249 | 7.82% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 4 | $1,510,000 | $377,500 | $5,771 | 7.87% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $1,465,000 | $1,465,000 | $6,717 | 6.13% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 6 | $1,250,000 | $208,333 | $3,267 | 7.67% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 3 | $1,185,000 | $395,000 | $3,437 | 8.29% |
| Hilo, HI (FHA|USDA|VA) | 1 | $1,125,000 | $1,125,000 | $10,064 | 6.38% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 4 | $1,070,000 | $267,500 | $5,125 | 6.72% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $1,010,000 | $505,000 | $8,041 | 7.37% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 9 | $765,000 | $85,000 | $960 | 9.99% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 4 | $740,000 | $185,000 | $2,815 | 7.96% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $3,289 | 6.79% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $3,753 | 6.83% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $3,411 | 9.06% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $4,386 | 6.63% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 4 | $610,000 | $152,500 | $6,417 | 7.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $3,140 | 7.63% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $3,374 | 6.38% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 7.74% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $1,827 | 8.13% |
| MORRISTOWN, TN (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $1,945 | 7.13% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $3,400 | 7.83% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $4,610 | 7.06% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $14,673 | 7.25% |
| ITHACA, NY (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $13,477 | 5.75% |
| ROCHESTER, NY (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $2,002 | 6.63% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $600 | 7.13% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $4,921 | 6.38% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $3,986 | 7.18% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $306 | 7.38% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 3 | $355,000 | $118,333 | $512 | 10.29% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 7.99% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 3 | $345,000 | $115,000 | $2,448 | 8.92% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 3 | $335,000 | $111,667 | $3,836 | 7.08% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $10,637 | 5.75% |
| CHICO, CA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 7.74% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $0 | 7.56% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $4,719 | 7.12% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,923 | 6.25% |
| SIOUX FALLS, SD (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,064 | 6.38% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,136 | 7.13% |
| GLENS FALLS, NY (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,899 | 6.88% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $4,574 | 8.06% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $4,639 | 6.50% |
| AKRON, OH (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,698 | 6.13% |
| OCALA, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 6.13% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 7.99% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 7.74% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $875 | 8.88% |
| Starkville, MS (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,940 | 7.75% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 8.94% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,780 | 6.63% |
| Oneonta, NY (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,799 | 5.75% |
| Gloversville, NY (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,477 | 7.25% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $650 | 9.38% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,809 | 7.13% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 7.99% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,235 | 10.00% |
| READING, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $615 | 10.13% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 7.99% |
| Brainerd, MN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 10.88% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 7.74% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $700 | 9.88% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $475 | 11.88% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 7.74% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $590 | 8.88% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,030 | 10.38% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $475 | 8.75% |
| SAN ANGELO, TX (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 7.25% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $700 | 9.75% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 11.00% |
| Danville, VA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $650 | 11.75% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $600 | 11.25% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 9.88% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 6.88% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $765 | 10.00% |
| Amsterdam, NY (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $450 | 10.38% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $480 | 10.38% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 10.13% |
Similar Lenders
We use machine learning to identify the top lenders compared against TEACHERS based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 42
Similarity Rank: 64
Similarity Rank: 84
Similarity Rank: 126
Similarity Rank: 154
Similarity Rank: 156
Similarity Rank: 176
Similarity Rank: 216
Similarity Rank: 260
Similarity Rank: 270
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 1,513 | $403,315,000 | $266,566 | $2,033 | 8.07% |
| HELOC | 774 | $123,190,000 | $159,160 | n/a | 7.84% |
| VA | 1 | $385,000 | $385,000 | $14,195 | 6.63% |
For 2024, Teachers's most frequently originated type of loan was Conventional, with 1,513 originations. Their 2nd most popular type was HELOC, with 774 originations.
Loan Reason
For 2024, Teachers's most frequently cited loan purpose was Cash Out Refi, with 997 originations. The 2nd most popular reason was Other, with 721 originations.
Loan Duration/Length
For 2024, Teachers's most frequently cited loan duration was 30 Year, with 1,225 originations. The 2nd most popular length was 20 Year, with 637 originations.
Origination Fees/Closing Costs
Teachers's average total fees were $5,961, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,041 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 917 | $154,565,000 | $168,555 |
| Over 8% | 696 | $68,310,000 | $98,147 |
| 6-7% | 532 | $208,550,000 | $392,011 |
| 5-6% | 143 | $95,465,000 | $667,587 |
During 2024, Teachers's average interest rate for loans was 7.32%, while their most frequently originated rate bucket for loans was 7-8%, with 917 originations.
Loan Sizing
2024 saw Teachers place emphasis on $100,000 or less loans with 779 originations, totaling $46,415,000 in origination value.
Applicant Income
Teachers lent most frequently to those with incomes in the $150k-250k range, with 630 originations. The second most popular income band? $100k-150k, with 598 originations.
Applicant Debt to Income Ratio
Teachers lent most frequently to those with DTI ratios of >60%, with 524 originations. The next most common DTI ratio? 50-60%, with 429 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.00%
Teachers has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination68.97%
Teachers 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 | 2,288 | $526,890,000 | $230,284 |