Tampa Bay Federal Credit Union Mortgage Rates, Fees & Info
Tampa, FLLEI: 549300SCF56K6YEG7X54
Tax ID: 59-0626682
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Tampa Bay Federal Credit Union is a smaller credit union specializing in Home Improvement and Home Purchase loans. Tampa Bay Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Tampa, Orlando, Jacksonville, Gainesville, and Homosassa Springs among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Tampa Bay Federal Credit Union 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.
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Originations
53Origination Dollar Volume (All Markets)
$8,015,000Top 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 |
|---|---|---|---|---|---|
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 38 | $5,670,000 | $149,211 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $0 | 0.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $0 | 0.00% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $0 | 0.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 53 | $8,015,000 | $151,226 | $0 | 0.00% |
For 2023, Tampa Bay Federal Credit Union's most frequently originated type of loan was Conventional, with 53 originations.
Loan Reason
For 2023, Tampa Bay Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 24 originations. The 2nd most popular reason was Home Purchase, with 12 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 53 | $8,015,000 | $151,226 | $0 | 0.00% |
For 2023, Tampa Bay Federal Credit Union's most frequently cited loan duration was Other, with 53 originations.
Loan Sizing
2023 saw Tampa Bay Federal Credit Union place emphasis on $100k-200k loans with 22 originations, totaling $2,930,000 in origination value.
Applicant Income
Tampa Bay Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 15 originations. The second most popular income band? $150k-250k, with 13 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 53 | $8,015,000 | $151,226 | $0 | 0.00% |
Tampa Bay Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 53 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.21%
Tampa Bay Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination58.49%
Tampa Bay 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 |
|---|---|---|---|
| Exempt | 53 | $8,015,000 | $151,226 |