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
Jump to:
Mortgage Data
Review & Overview
Tampa Bay Federal Credit Union is a smaller credit union specializing in Home Improvement, Home Purchase, and Refi loans. Tampa Bay Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Tampa, North Port, Miami, Jacksonville, and Gainesville among others. We have data for 12 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.
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.
Originations
111Origination Dollar Volume (All Markets)
$17,045,000Top 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) | 88 | $13,800,000 | $156,818 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $0 | 0.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 5 | $495,000 | $99,000 | $0 | 0.00% |
| GAINESVILLE, FL (FHA|USDA|VA) | 3 | $385,000 | $128,333 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $375,000 | $125,000 | $0 | 0.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $0 | 0.00% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 111 | $17,045,000 | $153,559 | $0 | 0.00% |
For 2022, Tampa Bay Federal Credit Union's most frequently originated type of loan was Conventional, with 111 originations.
Loan Reason
For 2022, Tampa Bay Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 40 originations. The 2nd most popular reason was Other, with 21 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 111 | $17,045,000 | $153,559 | $0 | 0.00% |
For 2022, Tampa Bay Federal Credit Union's most frequently cited loan duration was Other, with 111 originations.
Loan Sizing
2022 saw Tampa Bay Federal Credit Union place emphasis on $100,000 or less loans with 42 originations, totaling $2,420,000 in origination value.
Applicant Income
Tampa Bay Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 34 originations. The second most popular income band? $150k-250k, with 32 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 111 | $17,045,000 | $153,559 | $0 | 0.00% |
Tampa Bay Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 111 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.74%
Tampa Bay Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination54.05%
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 | 111 | $17,045,000 | $153,559 |