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 Other, Cash Out Refi, and Home Purchase loans. Teachers has a high proportion of conventional loans. Their top markets by origination volume include: New York, Los Angeles, Miami, Washington, and Naples among others. We have data for 96 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 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 |
|---|---|---|
| 30 Year Conventional Purchase | 6.28% | 4/21/24 |
| 30 Year Conventional Refi | 6.42% | 4/21/24 |
| 30 Year Cash-out Refi | 6.48% | 4/21/24 |
| 15 Year Conventional Purchase | 5.88% | 4/21/24 |
| 15 Year Conventional Refi | 6.18% | 4/21/24 |
| 15 Year Cash-out Refi | 6.18% | 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. | ||
Teachers Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
3,463Origination Dollar Volume (All Markets)
$735,095,000Awards
TEACHERS - 2022
TEACHERS is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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) | 3,121 | $624,365,000 | $200,053 | $2,214 | 4.26% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 29 | $19,665,000 | $678,103 | $5,918 | 4.60% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 29 | $6,195,000 | $213,621 | $3,297 | 4.46% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 11 | $4,475,000 | $406,818 | $6,077 | 4.12% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 3 | $3,715,000 | $1,238,333 | $10,982 | 4.62% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 15 | $3,705,000 | $247,000 | $4,848 | 4.52% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 13 | $3,495,000 | $268,846 | $3,605 | 4.40% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 8 | $3,250,000 | $406,250 | $6,910 | 4.22% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 13 | $3,105,000 | $238,846 | $4,253 | 4.56% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 4 | $2,830,000 | $707,500 | $6,069 | 4.38% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 12 | $2,590,000 | $215,833 | $3,077 | 4.49% |
| Outside of Metro Areas | 13 | $2,515,000 | $193,462 | $3,490 | 4.39% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 8 | $2,240,000 | $280,000 | $4,401 | 4.65% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 5 | $2,165,000 | $433,000 | $5,750 | 4.83% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 11 | $2,165,000 | $196,818 | $4,455 | 4.22% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 6 | $2,010,000 | $335,000 | $4,428 | 4.38% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 10 | $1,890,000 | $189,000 | $3,231 | 4.75% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $1,885,000 | $1,885,000 | $5,297 | 4.63% |
| Key West, FL (FHA|USDA|VA) | 2 | $1,820,000 | $910,000 | $7,449 | 3.69% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 4 | $1,700,000 | $425,000 | $4,421 | 3.84% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 8 | $1,570,000 | $196,250 | $4,303 | 4.84% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 3 | $1,535,000 | $511,667 | $5,671 | 4.54% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 4 | $1,520,000 | $380,000 | $6,404 | 4.28% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 4 | $1,480,000 | $370,000 | $4,604 | 4.09% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 2 | $1,440,000 | $720,000 | $4,159 | 3.87% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 5 | $1,395,000 | $279,000 | $5,511 | 4.28% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 3 | $1,285,000 | $428,333 | $5,681 | 4.79% |
| KINGSTON, NY (FHA|USDA|VA) | 4 | $1,160,000 | $290,000 | $5,550 | 3.69% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 9 | $1,145,000 | $127,222 | $2,890 | 4.97% |
| WILMINGTON, NC (FHA|USDA|VA) | 4 | $1,060,000 | $265,000 | $3,796 | 4.44% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 3 | $945,000 | $315,000 | $5,099 | 4.50% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 4 | $930,000 | $232,500 | $3,024 | 4.75% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $885,000 | $885,000 | $8,191 | 5.75% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $845,000 | $845,000 | $3,609 | 4.63% |
| Forest City, NC (FHA|USDA|VA) | 1 | $825,000 | $825,000 | $4,332 | 3.88% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $7,055 | 3.88% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $2,828 | 5.16% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $3,623 | 4.44% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $4,990 | 3.94% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $715,000 | $715,000 | $5,390 | 5.38% |
| Torrington, CT (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $5,028 | 4.88% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $3,917 | 2.93% |
| ROCHESTER, NY (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $3,707 | 4.81% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $5,377 | 4.13% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $3,355 | 5.06% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $3,412 | 5.04% |
| GLENS FALLS, NY (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $4,999 | 4.06% |
| SYRACUSE, NY (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $6,239 | 4.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $3,198 | 5.38% |
| Georgetown, SC (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $4,518 | 4.13% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $3,824 | 4.75% |
| Gloversville, NY (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $4,119 | 4.81% |
| Olean, NY (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $4,945 | 4.50% |
| COLUMBIA, SC (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $7,189 | 5.38% |
| Pullman, WA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $2,909 | 4.00% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $4,797 | 3.83% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $2,820 | 4.46% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $5,828 | 5.31% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $6,202 | 4.13% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $4,130 | 3.49% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $5,528 | 5.13% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $4,061 | 3.81% |
| Rutland, VT (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 5.24% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,441 | 4.13% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $1,971 | 4.68% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,900 | 5.13% |
| Newberry, SC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,340 | 5.50% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,560 | 5.25% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $700 | 7.00% |
| HINESVILLE, GA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,487 | 3.88% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $7,375 | 4.81% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $5,100 | 6.13% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,525 | 5.13% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,433 | 5.25% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $600 | 5.49% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,483 | 5.38% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 4 | $210,000 | $52,500 | $3,004 | 6.00% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,748 | 3.25% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $8,395 | 4.88% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,209 | 5.50% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,072 | 4.13% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 2.99% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $310 | 4.49% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,736 | 4.88% |
| JOHNSTOWN, PA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,982 | 3.25% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $1,210 | 5.49% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 2.99% |
| UTICA-ROME, NY (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,568 | 5.63% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 4.24% |
| BINGHAMTON, NY (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,135 | 5.25% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $685 | 9.13% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $760 | 8.88% |
| OCALA, FL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $710 | 5.50% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 6.24% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $610 | 4.25% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $850 | 7.50% |
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: 30
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 2,264 | $560,730,000 | $247,672 | $2,495 | 4.67% |
| HELOC | 1,199 | $174,365,000 | $145,425 | n/a | 3.56% |
For 2022, Teachers's most frequently originated type of loan was Conventional, with 2,264 originations. Their 2nd most popular type was HELOC, with 1,199 originations.
Loan Reason
For 2022, Teachers's most frequently cited loan purpose was Other, with 1,436 originations. The 2nd most popular reason was Cash Out Refi, with 1,222 originations.
Loan Duration/Length
For 2022, Teachers's most frequently cited loan duration was 30 Year, with 1,076 originations. The 2nd most popular length was Other, with 945 originations.
Origination Fees/Closing Costs
Teachers's average total fees were $4,679, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,128 originations.
Interest Rates
During 2022, Teachers's average interest rate for loans was 4.48%, while their most frequently originated rate bucket for loans was 4-5%, with 1,056 originations.
Loan Sizing
2022 saw Teachers place emphasis on $100,000 or less loans with 1,119 originations, totaling $67,225,000 in origination value.
Applicant Income
Teachers lent most frequently to those with incomes in the $100k-150k range, with 1,007 originations. The second most popular income band? $150k-250k, with 942 originations.
Applicant Debt to Income Ratio
Teachers lent most frequently to those with DTI ratios of >60%, with 562 originations. The next most common DTI ratio? 50-60%, with 540 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.34%
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 origination76.41%
Teachers has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 3,463 | $735,095,000 | $212,271 |