Technicolor Federal Credit Union Mortgage Rates, Fees & Info
Burbank, CALEI: 549300TJMPSMO4XCL284
Tax ID: 95-1746861
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Mortgage Data
Review & Overview
Technicolor Federal Credit Union is a smaller credit union specializing in Cash Out Refi loans. Technicolor Federal Credit Union has a high proportion of conventional loans. Their top (well, only) market is Los Angeles.Technicolor 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.27% | 12/17/24 |
| 30 Year Conventional Refi | 6.27% | 12/17/24 |
| 30 Year Cash-out Refi | 6.27% | 12/17/24 |
| 15 Year Conventional Refi | 5.68% | 12/17/24 |
| 15 Year Cash-out Refi | 5.68% | 12/17/24 |
| 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. | ||
Technicolor Federal Credit Union Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
15Origination Dollar Volume (All Markets)
$2,305,000Top 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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 13 | $1,915,000 | $147,308 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $390,000 | $195,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 15 | $2,305,000 | $153,667 | $0 | 0.00% |
For 2023, Technicolor Federal Credit Union's most frequently originated type of loan was Conventional, with 15 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 15 | $2,305,000 | $153,667 | $0 | 0.00% |
For 2023, Technicolor Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 15 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20 Year | 13 | $2,075,000 | $159,615 | $0 | 0.00% |
| 15 Year | 1 | $125,000 | $125,000 | $0 | 0.00% |
| 30 Year | 1 | $105,000 | $105,000 | $0 | 0.00% |
For 2023, Technicolor Federal Credit Union's most frequently cited loan duration was 20 Year, with 13 originations. The 2nd most popular length was 15 Year, with 1 originations.
Loan Sizing
2023 saw Technicolor Federal Credit Union place emphasis on $100k-200k loans with 7 originations, totaling $915,000 in origination value.
Applicant Income
Technicolor Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 6 originations. The second most popular income band? $100k-150k, with 5 originations.
Applicant Debt to Income Ratio
Technicolor Federal Credit Union lent most frequently to those with DTI ratios of 50-60%, with 5 originations. The next most common DTI ratio? 48%, with 3 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 13 | $2,095,000 | $161,154 | $0 | 0.00% |
| Black | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Not provided | 1 | $55,000 | $55,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications100.00%
Technicolor Federal Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination86.67%
Technicolor Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 15 | $2,305,000 | $153,667 |