Truliant Federal Credit Union Mortgage Rates, Fees & Info
WINSTON SALEM, NCLEI: 549300VXXDSMSH313G18
Tax ID: 56-0582032
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Mortgage Data
Review & Overview
Truliant Federal Credit Union is a smaller credit union specializing in Refi loans. Truliant Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Charlotte, Greensboro, Winston, Burlington, and Blacksburg among others. We have data for 63 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 about average 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.07% | 4/21/24 |
| 30 Year Conventional Purchase | 6.54% | 4/21/24 |
| 30 Year Conventional Refi | 6.50% | 4/21/24 |
| 30 Year Cash-out Refi | 6.66% | 4/21/24 |
| 30 Year FHA Purchase | 6.98% | 4/21/24 |
| 30 Year FHA Refi | 6.45% | 4/21/24 |
| 15 Year Conventional Purchase | 6.41% | 4/21/24 |
| 15 Year Conventional Refi | 6.41% | 4/21/24 |
| 15 Year Cash-out Refi | 6.41% | 4/21/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
3,524Origination Dollar Volume (All Markets)
$248,300,000Awards
Truliant Federal Credit Union - 2018
Truliant Federal Credit Union is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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) | 1,243 | $91,985,000 | $74,002 | $691 | 5.26% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 655 | $40,405,000 | $61,687 | $971 | 5.06% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 575 | $39,335,000 | $68,409 | $832 | 5.01% |
| BURLINGTON, NC (FHA|USDA|VA) | 266 | $17,710,000 | $66,579 | $858 | 4.95% |
| Outside of Metro Areas | 200 | $14,120,000 | $70,600 | $687 | 4.90% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 103 | $6,485,000 | $62,961 | $360 | 4.94% |
| RICHMOND, VA (FHA|USDA|VA) | 85 | $5,925,000 | $69,706 | $563 | 5.00% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 67 | $5,485,000 | $81,866 | $1,157 | 5.21% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 33 | $3,145,000 | $95,303 | $1,488 | 4.88% |
| Shelby, NC (FHA|USDA|VA) | 57 | $3,025,000 | $53,070 | $650 | 5.37% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 17 | $2,475,000 | $145,588 | $3,000 | 5.02% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 25 | $1,745,000 | $69,800 | $719 | 5.21% |
| Mount Airy, NC (FHA|USDA|VA) | 17 | $1,375,000 | $80,882 | $867 | 4.74% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 11 | $1,155,000 | $105,000 | $3,363 | 4.70% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 9 | $885,000 | $98,333 | $1,876 | 5.32% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 4 | $860,000 | $215,000 | $6,392 | 4.69% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 5 | $785,000 | $157,000 | $3,988 | 5.20% |
| SPARTANBURG, SC (FHA|USDA|VA) | 10 | $780,000 | $78,000 | $865 | 5.00% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 11 | $695,000 | $63,182 | $0 | 4.64% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 4 | $690,000 | $172,500 | $2,343 | 5.44% |
| WILMINGTON, NC (FHA|USDA|VA) | 7 | $685,000 | $97,857 | $0 | 4.92% |
| Albemarle, NC (FHA|USDA|VA) | 8 | $640,000 | $80,000 | $836 | 5.15% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 7 | $525,000 | $75,000 | $0 | 4.66% |
| ASHEVILLE, NC (FHA|USDA|VA) | 6 | $520,000 | $86,667 | $1,491 | 4.92% |
| ROANOKE, VA (FHA|USDA|VA) | 7 | $515,000 | $73,571 | $1,854 | 4.38% |
| Martinsville, VA (FHA|USDA|VA) | 10 | $490,000 | $49,000 | $0 | 4.73% |
| Bluefield, WV-VA (FHA|USDA|VA) | 9 | $485,000 | $53,889 | $0 | 4.84% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 5 | $465,000 | $93,000 | $4,014 | 4.93% |
| Danville, VA (FHA|USDA|VA) | 4 | $440,000 | $110,000 | $1,714 | 4.77% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 7 | $425,000 | $60,714 | $1,265 | 5.36% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $305,000 | $101,667 | $2,416 | 5.04% |
| Gaffney, SC (FHA|USDA|VA) | 6 | $300,000 | $50,000 | $0 | 5.15% |
| Washington, NC (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $5,095 | 4.38% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,971 | 4.63% |
| SUMTER, SC (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $3,245 | 4.56% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,738 | 4.50% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 4 | $200,000 | $50,000 | $0 | 5.50% |
| Brevard, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 4.50% |
| Forest City, NC (FHA|USDA|VA) | 5 | $185,000 | $37,000 | $0 | 4.85% |
| North Wilkesboro, NC (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $3,224 | 4.63% |
| Seneca, SC (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $0 | 4.50% |
| Morehead City, NC (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $3,363 | 4.31% |
| Roanoke Rapids, NC (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 5.83% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 6.50% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,917 | 4.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 4.50% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 5.00% |
| Wilson, NC (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 5.75% |
| Sanford, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,092 | 4.50% |
| AKRON, OH (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 4.25% |
| Kinston, NC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 5.06% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 7.57% |
| Greenwood, SC (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,955 | 3.88% |
| LYNCHBURG, VA (FHA|USDA|VA) | 3 | $65,000 | $21,667 | $0 | 6.00% |
| Henderson, NC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.40% |
| Union, SC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $170 | 5.15% |
| COLUMBUS, OH (FHA|USDA|VA) | 2 | $50,000 | $25,000 | $0 | 5.63% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 5.00% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $100 | 7.57% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 5.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 4.90% |
| Boone, NC (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 4.75% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 6.75% |
Similar Lenders
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 1,810 | $149,010,000 | $82,326 | $835 | 5.22% |
| HELOC | 1,714 | $99,290,000 | $57,929 | n/a | 4.97% |
For 2018, Truliant Federal Credit Union's most frequently originated type of loan was Conventional, with 1,810 originations. Their 2nd most popular type was HELOC, with 1,714 originations.
Loan Reason
For 2018, Truliant Federal Credit Union's most frequently cited loan purpose was Refi, with 1,219 originations. The 2nd most popular reason was Home Improvement, with 1,004 originations.
Loan Duration/Length
For 2018, Truliant Federal Credit Union's most frequently cited loan duration was 30 Year, with 2,014 originations. The 2nd most popular length was 15 Year, with 599 originations.
Origination Fees/Closing Costs
Truliant Federal Credit Union's average total fees were $3,819, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,416 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 2,172 | $172,480,000 | $79,411 |
| 5-6% | 838 | $48,010,000 | $57,291 |
| 6-7% | 348 | $16,350,000 | $46,983 |
| 7-8% | 90 | $3,250,000 | $36,111 |
| 3-4% | 76 | $8,210,000 | $108,026 |
During 2018, Truliant Federal Credit Union's average interest rate for loans was 4.93%, while their most frequently originated rate bucket for loans was 4-5%, with 2,172 originations.
Loan Sizing
2018 saw Truliant Federal Credit Union place emphasis on $100,000 or less loans with 2,763 originations, totaling $125,565,000 in origination value.
Applicant Income
Truliant Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 954 originations. The second most popular income band? $50k or less, with 835 originations.
Applicant Debt to Income Ratio
Truliant Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 1,004 originations. The next most common DTI ratio? 30-36%, with 762 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications67.01%
Truliant Federal Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination74.32%
Truliant Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 3,524 | $248,300,000 | $70,460 |
Occupancy Type Mix
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Tower Loan of Mississippi, Inc. | Conventional home mortgage | Trouble during payment process | 1 | 100.0% |