Tampa Bay Federal Credit Union Mortgage Rates, Fees & Info

Tampa, FL

LEI: 549300SCF56K6YEG7X54

Tax ID: 59-0626682

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Mortgage Data

Review & Overview

Tampa Bay Federal Credit Union is a smaller credit union specializing in Refi loans. Tampa Bay Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Tampa, Orlando, Lakeland, Miami, and Gainesville among others. We have data for 11 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

158

Origination Dollar Volume (All Markets)

$25,740,000

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
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 137 $22,475,000 $164,051 $0 0.00%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 4 $650,000 $162,500 $0 0.00%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $560,000 $280,000 $0 0.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 4 $390,000 $97,500 $0 0.00%
GAINESVILLE, FL (FHA|USDA|VA) 3 $365,000 $121,667 $0 0.00%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $320,000 $160,000 $0 0.00%
JACKSONVILLE, FL (FHA|USDA|VA) 2 $310,000 $155,000 $0 0.00%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
Tampa Bay Federal Credit Union's top markets include Tampa, Orlando, Lakeland, Miami, and Gainesville among others.

Their top states include:
  • Florida (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 158 $25,740,000 $162,911 $0 0.00%

    For 2021, Tampa Bay Federal Credit Union's most frequently originated type of loan was Conventional, with 158 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 64 $10,610,000 $165,781 $0 0.00%
    Home Improvement 32 $4,780,000 $149,375 $0 0.00%
    Other 25 $2,925,000 $117,000 $0 0.00%
    Home Purchase 22 $4,560,000 $207,273 $0 0.00%
    Cash Out Refi 15 $2,865,000 $191,000 $0 0.00%

    For 2021, Tampa Bay Federal Credit Union's most frequently cited loan purpose was Refi, with 64 originations. The 2nd most popular reason was Home Improvement, with 32 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 158 $25,740,000 $162,911 $0 0.00%

    For 2021, Tampa Bay Federal Credit Union's most frequently cited loan duration was Other, with 158 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 66 $9,760,000 $147,879 $0 0.00%
    $200k-400k 45 $11,245,000 $249,889 $0 0.00%
    $100,000 or less 42 $2,410,000 $57,381 $0 0.00%
    $400k-600k 5 $2,325,000 $465,000 $0 0.00%

    2021 saw Tampa Bay Federal Credit Union place emphasis on $100k-200k loans with 66 originations, totaling $9,760,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 41 $6,055,000 $147,683 $0 0.00%
    $150k-250k 33 $6,845,000 $207,424 $0 0.00%
    $100k-150k 28 $4,480,000 $160,000 $0 0.00%
    $50k or less 27 $3,395,000 $125,741 $0 0.00%
    $75k-100k 23 $3,855,000 $167,609 $0 0.00%
    $250k+ 6 $1,110,000 $185,000 $0 0.00%

    Tampa Bay Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 41 originations. The second most popular income band? $150k-250k, with 33 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 158 $25,740,000 $162,911 $0 0.00%

    Tampa Bay Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 158 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 95 $15,955,000 $167,947 $0 0.00%
    Not provided 36 $5,420,000 $150,556 $0 0.00%
    Black 23 $3,745,000 $162,826 $0 0.00%
    Asian 1 $245,000 $245,000 $0 0.00%
    Asian Indian 1 $155,000 $155,000 $0 0.00%
    American Indian 1 $135,000 $135,000 $0 0.00%
    Native Hawaiian or Islander 1 $85,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.72%

    Tampa Bay Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    64.56%

    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 158 $25,740,000 $162,911

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    158 $25,740,000 $162,911