Truliant Federal Credit Union Mortgage Rates, Fees & Info

WINSTON SALEM, NC

LEI: 549300VXXDSMSH313G18

Tax ID: 56-0582032

5 stars - Updated: 4/18/24 - out of 5 stars, based on 70 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

Review & Overview

Truliant Federal Credit Union is a smaller credit union specializing in Home Improvement and Home Purchase loans. Truliant Federal Credit Union has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Charlotte, Greensboro, Winston, Raleigh, and Burlington among others. We have data for 85 markets. (Some data included below & more in-depth data is available with an active subscription.)

Truliant Federal Credit Union has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Truliant Federal Credit Union 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 relatively high 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.

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.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.07% 4/18/24
30 Year Conventional Purchase 6.54% 4/18/24
30 Year Conventional Refi 6.50% 4/18/24
30 Year Cash-out Refi 6.66% 4/18/24
30 Year FHA Purchase 6.98% 4/18/24
30 Year FHA Refi 6.45% 4/18/24
15 Year Conventional Purchase 6.41% 4/18/24
15 Year Conventional Refi 6.41% 4/18/24
15 Year Cash-out Refi 6.41% 4/18/24
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.

Truliant Federal Credit Union Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Truliant Federal Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

4,915

Origination Dollar Volume (All Markets)

$632,105,000
Show all (8) awards

Relative Rate

Truliant Federal Credit Union's average 30 year fixed mortgage rate was 7.99%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 1.51%.

Relative Fees (Closing Costs)

Truliant Federal Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $4,326.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1,552 $206,220,000 $132,874 $1,976 8.11%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1,036 $91,310,000 $88,137 $1,022 8.08%
WINSTON-SALEM, NC (FHA|USDA|VA) 860 $86,470,000 $100,547 $1,424 8.03%
RALEIGH-CARY, NC (FHA|USDA|VA) 62 $39,690,000 $640,161 $5,725 7.40%
BURLINGTON, NC (FHA|USDA|VA) 373 $35,215,000 $94,410 $1,190 8.03%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 167 $32,565,000 $195,000 $3,830 7.85%
Outside of Metro Areas 174 $16,450,000 $94,540 $1,206 8.05%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 58 $14,160,000 $244,138 $2,675 7.62%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 48 $14,080,000 $293,333 $5,195 7.66%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 53 $13,455,000 $253,868 $4,267 7.54%
WILMINGTON, NC (FHA|USDA|VA) 14 $10,430,000 $745,000 $6,195 6.68%
Shelby, NC (FHA|USDA|VA) 101 $9,065,000 $89,752 $1,222 8.23%
Seneca, SC (FHA|USDA|VA) 16 $6,220,000 $388,750 $5,561 7.38%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 80 $5,640,000 $70,500 $525 8.17%
RICHMOND, VA (FHA|USDA|VA) 45 $5,335,000 $118,556 $2,144 8.06%
DALTON, GA (FHA|USDA|VA) 1 $4,505,000 $4,505,000 $0 5.65%
ROANOKE, VA (FHA|USDA|VA) 11 $4,065,000 $369,545 $5,346 7.11%
SPARTANBURG, SC (FHA|USDA|VA) 23 $3,425,000 $148,913 $3,815 7.89%
Morehead City, NC (FHA|USDA|VA) 7 $2,125,000 $303,571 $2,593 7.23%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 5 $1,985,000 $397,000 $5,298 7.67%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 13 $1,715,000 $131,923 $5,540 7.59%
JACKSONVILLE, NC (FHA|USDA|VA) 5 $1,645,000 $329,000 $3,841 7.48%
Mount Airy, NC (FHA|USDA|VA) 20 $1,380,000 $69,000 $318 8.49%
FAYETTEVILLE, NC (FHA|USDA|VA) 6 $1,370,000 $228,333 $5,384 8.17%
Kill Devil Hills, NC (FHA|USDA|VA) 2 $1,360,000 $680,000 $7,099 7.19%
Forest City, NC (FHA|USDA|VA) 11 $1,345,000 $122,273 $1,741 7.84%
NEW BERN, NC (FHA|USDA|VA) 2 $1,300,000 $650,000 $6,020 6.56%
Sanford, NC (FHA|USDA|VA) 5 $1,255,000 $251,000 $5,193 7.55%
ASHEVILLE, NC (FHA|USDA|VA) 8 $1,090,000 $136,250 $1,953 7.79%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $1,035,000 $1,035,000 $10,076 5.13%
Albemarle, NC (FHA|USDA|VA) 14 $1,020,000 $72,857 $973 7.84%
JACKSONVILLE, FL (FHA|USDA|VA) 6 $1,000,000 $166,667 $1,515 7.36%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 12 $970,000 $80,833 $475 7.80%
Marion, NC (FHA|USDA|VA) 2 $850,000 $425,000 $6,556 7.38%
Cullowhee, NC (FHA|USDA|VA) 1 $805,000 $805,000 $8,845 6.25%
Gaffney, SC (FHA|USDA|VA) 6 $690,000 $115,000 $1,825 8.51%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 4 $630,000 $157,500 $2,223 7.59%
Wilson, NC (FHA|USDA|VA) 2 $600,000 $300,000 $8,528 6.94%
GREENVILLE, NC (FHA|USDA|VA) 1 $585,000 $585,000 $0 6.00%
North Wilkesboro, NC (FHA|USDA|VA) 5 $535,000 $107,000 $1,525 8.08%
Martinsville, VA (FHA|USDA|VA) 7 $525,000 $75,000 $1,434 8.18%
CANTON-MASSILLON, OH (FHA|USDA|VA) 5 $485,000 $97,000 $0 7.80%
Greenwood, SC (FHA|USDA|VA) 3 $435,000 $145,000 $1,733 7.83%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 7 $425,000 $60,714 $0 8.29%
LYNCHBURG, VA (FHA|USDA|VA) 5 $415,000 $83,000 $2,171 7.60%
COLUMBIA, SC (FHA|USDA|VA) 7 $405,000 $57,857 $1,396 8.23%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $350,000 $175,000 $0 8.13%
Danville, VA (FHA|USDA|VA) 4 $320,000 $80,000 $1,654 7.48%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $315,000 $105,000 $1,175 7.59%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 4 $310,000 $77,500 $0 8.18%
JOHNSON CITY, TN (FHA|USDA|VA) 3 $295,000 $98,333 $0 8.62%
Bluefield, WV-VA (FHA|USDA|VA) 6 $290,000 $48,333 $1,049 8.39%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $265,000 $265,000 $0 7.75%
THE VILLAGES, FL (FHA|USDA|VA) 1 $245,000 $245,000 $3,513 7.00%
COLUMBUS, OH (FHA|USDA|VA) 3 $245,000 $81,667 $0 7.88%
DAYTON-KETTERING, OH (FHA|USDA|VA) 2 $210,000 $105,000 $0 8.08%
PANAMA CITY, FL (FHA|USDA|VA) 1 $205,000 $205,000 $5,268 5.50%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 2 $200,000 $100,000 $0 8.38%
Boone, NC (FHA|USDA|VA) 2 $190,000 $95,000 $0 8.18%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 3 $185,000 $61,667 $0 8.08%
CLEVELAND, TN (FHA|USDA|VA) 1 $185,000 $185,000 $6,618 5.50%
KNOXVILLE, TN (FHA|USDA|VA) 3 $165,000 $55,000 $0 7.83%
Rockingham, NC (FHA|USDA|VA) 2 $160,000 $80,000 $3,277 7.63%
Roanoke Rapids, NC (FHA|USDA|VA) 1 $155,000 $155,000 $0 8.50%
Tifton, GA (FHA|USDA|VA) 1 $155,000 $155,000 $1,020 7.20%
WARNER ROBINS, GA (FHA|USDA|VA) 2 $150,000 $75,000 $518 9.27%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 3 $135,000 $45,000 $0 8.43%
FLORENCE, SC (FHA|USDA|VA) 1 $125,000 $125,000 $4,278 6.25%
Laurinburg, NC (FHA|USDA|VA) 2 $110,000 $55,000 $0 7.78%
AKRON, OH (FHA|USDA|VA) 1 $95,000 $95,000 $0 10.50%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $85,000 $85,000 $0 8.00%
ROCKY MOUNT, NC (FHA|USDA|VA) 1 $85,000 $85,000 $0 7.80%
Lumberton, NC (FHA|USDA|VA) 1 $75,000 $75,000 $0 9.00%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $65,000 $65,000 $0 8.25%
Bennettsville, SC (FHA|USDA|VA) 1 $55,000 $55,000 $0 6.74%
Henderson, NC (FHA|USDA|VA) 1 $55,000 $55,000 $0 9.10%
Bucyrus-Galion, OH (FHA|USDA|VA) 1 $55,000 $55,000 $2,881 6.00%
MORRISTOWN, TN (FHA|USDA|VA) 1 $55,000 $55,000 $0 8.25%
WINCHESTER, VA-WV (FHA|USDA|VA) 1 $55,000 $55,000 $0 8.25%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $45,000 $45,000 $0 6.74%
Washington, NC (FHA|USDA|VA) 1 $35,000 $35,000 $0 9.25%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $35,000 $35,000 $0 8.25%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $25,000 $25,000 $0 7.50%
Kinston, NC (FHA|USDA|VA) 1 $25,000 $25,000 $0 6.49%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 1 $15,000 $15,000 $0 7.50%
Truliant Federal Credit Union's top markets include Charlotte, Greensboro, Winston, Raleigh, and Burlington among others.

Their top states include:
  • North Carolina (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Truliant Federal Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    SCIENT Federal Credit Union
    Similarity Rank: 110
    FREEDOM FIRST
    Similarity Rank: 209
    GREENVILLE FEDERAL CREDIT UNION
    Similarity Rank: 376
    Piedmont Federal Savings Bank
    Similarity Rank: 720
    FIRST BANCORP
    Similarity Rank: 1012
    Atlantic Union Bank
    Similarity Rank: 1050

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 3,113 $284,205,000 $91,296 n/a 8.20%
    Conventional 1,754 $334,670,000 $190,804 $1,672 7.76%
    FHA 41 $11,075,000 $270,122 $8,788 6.10%
    VA 7 $2,155,000 $307,857 $5,908 6.61%

    For 2023, Truliant Federal Credit Union's most frequently originated type of loan was HELOC, with 3,113 originations. Their 2nd most popular type was Conventional, with 1,754 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 1,702 $132,060,000 $77,591 $10 8.18%
    Other 1,319 $93,025,000 $70,527 $5 8.41%
    Refi 843 $106,205,000 $125,985 $1,474 8.11%
    Home Purchase 660 $258,130,000 $391,106 $5,285 6.85%
    Cash Out Refi 391 $42,685,000 $109,169 $765 7.90%

    For 2023, Truliant Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 1,702 originations. The 2nd most popular reason was Other, with 1,319 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 3,577 $402,925,000 $112,643 $4,326 7.99%
    10 Year 363 $18,305,000 $50,427 $17 8.24%
    Other 347 $24,455,000 $70,476 $64 8.36%
    20 Year 262 $24,120,000 $92,061 $63 8.50%
    15 Year 198 $15,850,000 $80,051 $238 8.32%
    30+ year 164 $139,900,000 $853,049 $7,426 6.59%
    5 Year 4 $6,550,000 $1,637,500 $0 6.10%

    For 2023, Truliant Federal Credit Union's most frequently cited loan duration was 30 Year, with 3,577 originations. The 2nd most popular length was 10 Year, with 363 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,412 $141,630,000 $100,305
    $1k-2k 244 $140,340,000 $575,164
    $2k-3k 58 $22,510,000 $388,103
    $3k-4k 31 $12,275,000 $395,968
    $5k+ 26 $15,790,000 $607,308
    $4k-5k 20 $7,110,000 $355,500

    Truliant Federal Credit Union's average total fees were $4,326, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,412 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 2,383 $192,325,000 $80,707
    7-8% 1,883 $210,595,000 $111,840
    6-7% 451 $135,605,000 $300,676
    5-6% 192 $93,200,000 $485,417
    <2.5% 5 $245,000 $49,000
    3-4% 1 $135,000 $135,000

    During 2023, Truliant Federal Credit Union's average interest rate for loans was 7.99%, while their most frequently originated rate bucket for loans was Over 8%, with 2,383 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 3,024 $163,140,000 $53,948 $186 8.26%
    $100k-200k 1,224 $162,110,000 $132,443 $1,737 7.93%
    $200k-400k 470 $125,930,000 $267,936 $4,868 7.40%
    $600k-1MM 78 $61,180,000 $784,359 $6,819 6.45%
    $1MM+ 64 $93,470,000 $1,460,469 $8,685 6.26%
    $400k-600k 55 $26,275,000 $477,727 $5,983 6.84%

    2023 saw Truliant Federal Credit Union place emphasis on $100,000 or less loans with 3,024 originations, totaling $163,140,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,174 $131,130,000 $111,695 $1,438 8.10%
    $50k-75k 1,123 $89,365,000 $79,577 $1,361 8.10%
    $75k-100k 927 $82,305,000 $88,786 $1,306 8.17%
    $150k-250k 714 $124,030,000 $173,711 $2,412 7.99%
    $50k or less 630 $40,740,000 $64,667 $1,206 7.87%
    $250k+ 296 $152,070,000 $513,750 $5,957 7.49%

    Truliant Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 1,174 originations. The second most popular income band? $50k-75k, with 1,123 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,017 $106,635,000 $104,853 $1,259 7.95%
    30-36% 930 $124,630,000 $134,011 $1,713 8.01%
    44% 532 $63,960,000 $120,226 $4,997 8.17%
    <20% 351 $39,795,000 $113,376 $1,313 7.73%
    42% 314 $42,820,000 $136,369 $1,180 8.23%
    41% 227 $30,445,000 $134,119 $1,661 8.09%
    40% 226 $31,230,000 $138,186 $1,561 8.20%
    43% 223 $29,775,000 $133,520 $3,043 8.26%
    39% 212 $33,360,000 $157,358 $2,152 8.16%
    37% 197 $29,325,000 $148,858 $1,785 8.05%
    36% 176 $23,290,000 $132,330 $1,606 8.05%
    38% 170 $28,430,000 $167,235 $2,492 7.95%
    45% 169 $15,865,000 $93,876 $5,484 8.08%
    46% 52 $6,650,000 $127,885 $5,719 7.93%
    47% 36 $4,660,000 $129,444 $4,229 7.77%
    48% 28 $4,930,000 $176,071 $3,908 7.41%
    50-60% 24 $3,570,000 $148,750 $4,667 7.60%
    49% 23 $4,795,000 $208,478 $4,273 7.02%
    >60% 3 $445,000 $148,333 $0 7.98%

    Truliant Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 1,017 originations. The next most common DTI ratio? 30-36%, with 930 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,284 $434,920,000 $132,436 $1,905 7.97%
    Not provided 726 $89,540,000 $123,333 $1,932 8.04%
    Black 776 $78,470,000 $101,121 $1,481 8.27%
    Asian 80 $15,620,000 $195,250 $1,788 7.96%
    Not applicable 5 $7,495,000 $1,499,000 $0 6.03%
    American Indian 33 $3,805,000 $115,303 $1,762 7.89%
    Native Hawaiian or Islander 11 $2,255,000 $205,000 $1,973 7.81%

    Approval Rates

    Total approvals of all applications
    66.61%

    Truliant Federal Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    72.49%

    Truliant Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 4,915 $632,105,000 $128,607

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    4,915 $632,105,000 $128,607

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1,689 $168,875,000 $99,985 $398 8.21%
    40-60% 527 $95,485,000 $181,186 $2,361 7.83%
    60-80% 390 $138,890,000 $356,128 $4,681 7.25%
    80-100% 349 $129,565,000 $371,246 $5,093 6.85%
    Over 100% 1 $295,000 $295,000 $8,709 6.63%
    Under 20% 1,959 $98,995,000 $50,533 $32 8.29%