Truliant Federal Credit Union Mortgage Rates, Fees & Info

WINSTON SALEM, NC

LEI: 549300VXXDSMSH313G18

Tax ID: 56-0582032

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

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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. 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, Winston, Greensboro, Burlington, and Shelby among others. We have data for 77 markets. (Some data included below & more in-depth data is available with an active subscription.)

Truliant Federal Credit Union has an 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.07% 3/28/24
30 Year Conventional Purchase 6.54% 3/28/24
30 Year Conventional Refi 6.50% 3/28/24
30 Year Cash-out Refi 6.66% 3/28/24
30 Year FHA Purchase 6.98% 3/28/24
30 Year FHA Refi 6.45% 3/28/24
15 Year Conventional Purchase 6.41% 3/28/24
15 Year Conventional Refi 6.41% 3/28/24
15 Year Cash-out Refi 6.41% 3/28/24
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

5,412

Origination Dollar Volume (All Markets)

$544,270,000
Show all (8) awards

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) 1,634 $173,670,000 $106,285 $1,450 4.03%
WINSTON-SALEM, NC (FHA|USDA|VA) 1,084 $112,880,000 $104,133 $1,561 3.82%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1,190 $110,570,000 $92,916 $1,464 3.86%
BURLINGTON, NC (FHA|USDA|VA) 431 $38,985,000 $90,452 $1,372 3.89%
Outside of Metro Areas 229 $20,175,000 $88,100 $1,256 3.91%
Shelby, NC (FHA|USDA|VA) 120 $11,970,000 $99,750 $1,607 3.96%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 90 $9,520,000 $105,778 $1,575 3.91%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 102 $7,990,000 $78,333 $778 3.99%
RICHMOND, VA (FHA|USDA|VA) 77 $6,265,000 $81,364 $827 4.14%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 28 $5,920,000 $211,429 $3,555 3.43%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 39 $5,065,000 $129,872 $1,612 4.06%
RALEIGH-CARY, NC (FHA|USDA|VA) 47 $4,875,000 $103,723 $1,245 4.15%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 49 $4,575,000 $93,367 $1,654 3.84%
Mount Airy, NC (FHA|USDA|VA) 21 $2,105,000 $100,238 $1,371 3.98%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 12 $1,780,000 $148,333 $2,401 3.72%
WILMINGTON, NC (FHA|USDA|VA) 11 $1,435,000 $130,455 $2,498 3.65%
Albemarle, NC (FHA|USDA|VA) 10 $1,380,000 $138,000 $2,285 3.87%
Forest City, NC (FHA|USDA|VA) 10 $1,360,000 $136,000 $2,351 3.79%
Bluefield, WV-VA (FHA|USDA|VA) 16 $1,310,000 $81,875 $837 3.82%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 9 $1,275,000 $141,667 $2,469 3.66%
SPARTANBURG, SC (FHA|USDA|VA) 17 $1,245,000 $73,235 $1,407 4.00%
JACKSONVILLE, FL (FHA|USDA|VA) 8 $1,210,000 $151,250 $2,167 3.85%
Martinsville, VA (FHA|USDA|VA) 12 $1,040,000 $86,667 $1,039 3.94%
COLUMBIA, SC (FHA|USDA|VA) 2 $960,000 $480,000 $2,707 3.25%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 5 $925,000 $185,000 $1,681 4.29%
ROANOKE, VA (FHA|USDA|VA) 13 $875,000 $67,308 $890 4.31%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 9 $825,000 $91,667 $1,394 3.90%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 8 $780,000 $97,500 $427 4.20%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 3 $775,000 $258,333 $3,068 3.58%
North Wilkesboro, NC (FHA|USDA|VA) 7 $705,000 $100,714 $4,315 3.81%
Cullowhee, NC (FHA|USDA|VA) 5 $675,000 $135,000 $2,700 3.66%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 5 $645,000 $129,000 $1,304 4.22%
LYNCHBURG, VA (FHA|USDA|VA) 3 $635,000 $211,667 $2,214 3.37%
ASHEVILLE, NC (FHA|USDA|VA) 7 $625,000 $89,286 $2,194 3.58%
Morehead City, NC (FHA|USDA|VA) 6 $580,000 $96,667 $1,843 3.68%
FAYETTEVILLE, NC (FHA|USDA|VA) 7 $525,000 $75,000 $1,839 3.53%
KNOXVILLE, TN (FHA|USDA|VA) 1 $475,000 $475,000 $2,769 3.50%
CANTON-MASSILLON, OH (FHA|USDA|VA) 5 $445,000 $89,000 $2,077 3.79%
Danville, VA (FHA|USDA|VA) 5 $445,000 $89,000 $3,074 4.02%
Seneca, SC (FHA|USDA|VA) 4 $440,000 $110,000 $0 4.24%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 3 $435,000 $145,000 $2,397 3.49%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 5 $415,000 $83,000 $1,792 3.99%
SUMTER, SC (FHA|USDA|VA) 3 $375,000 $125,000 $2,308 3.16%
FLORENCE, SC (FHA|USDA|VA) 4 $370,000 $92,500 $3,107 3.47%
COLUMBUS, OH (FHA|USDA|VA) 1 $365,000 $365,000 $3,699 3.38%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 5 $345,000 $69,000 $2,680 4.02%
Boone, NC (FHA|USDA|VA) 2 $330,000 $165,000 $2,440 3.19%
Kill Devil Hills, NC (FHA|USDA|VA) 2 $310,000 $155,000 $0 3.99%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 3 $295,000 $98,333 $1,766 4.10%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $265,000 $265,000 $2,971 2.88%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $265,000 $265,000 $3,040 3.00%
AKRON, OH (FHA|USDA|VA) 2 $210,000 $105,000 $0 3.99%
Gaffney, SC (FHA|USDA|VA) 4 $210,000 $52,500 $1,883 3.96%
Sanford, NC (FHA|USDA|VA) 4 $210,000 $52,500 $0 4.24%
NEW BERN, NC (FHA|USDA|VA) 1 $195,000 $195,000 $2,775 3.38%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $170,000 $85,000 $0 3.99%
CLEVELAND, TN (FHA|USDA|VA) 1 $145,000 $145,000 $2,998 3.50%
Brevard, NC (FHA|USDA|VA) 2 $140,000 $70,000 $3,242 4.88%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 3 $135,000 $45,000 $0 4.91%
Jefferson, GA (FHA|USDA|VA) 1 $135,000 $135,000 $0 4.25%
ROCKY MOUNT, NC (FHA|USDA|VA) 3 $135,000 $45,000 $0 3.92%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 2 $130,000 $65,000 $0 3.99%
GAINESVILLE, FL (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.24%
Bucyrus-Galion, OH (FHA|USDA|VA) 1 $105,000 $105,000 $0 3.99%
Greenwood, SC (FHA|USDA|VA) 1 $65,000 $65,000 $0 3.99%
Ashtabula, OH (FHA|USDA|VA) 1 $65,000 $65,000 $2,996 3.25%
JACKSONVILLE, NC (FHA|USDA|VA) 2 $60,000 $30,000 $0 4.62%
GREENVILLE, NC (FHA|USDA|VA) 1 $55,000 $55,000 $2,670 2.88%
New Philadelphia-Dover, OH (FHA|USDA|VA) 1 $45,000 $45,000 $0 3.99%
Marion, NC (FHA|USDA|VA) 1 $45,000 $45,000 $0 3.99%
Lumberton, NC (FHA|USDA|VA) 1 $45,000 $45,000 $0 4.47%
Kinston, NC (FHA|USDA|VA) 1 $35,000 $35,000 $0 3.99%
GOLDSBORO, NC (FHA|USDA|VA) 1 $35,000 $35,000 $0 3.99%
Georgetown, SC (FHA|USDA|VA) 1 $25,000 $25,000 $85 4.49%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $25,000 $25,000 $0 3.99%
Ashland, OH (FHA|USDA|VA) 1 $25,000 $25,000 $0 3.99%
BRUNSWICK, GA (FHA|USDA|VA) 1 $15,000 $15,000 $765 4.49%
Truliant Federal Credit Union's top markets include Charlotte, Winston, Greensboro, Burlington, and Shelby among others.

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

    FREEDOM FIRST
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    FIRST BANCORP
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    OCEANSIDE MORTGAGE COMPANY
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,811 $352,535,000 $125,413 $1,445 3.83%
    HELOC 2,581 $187,885,000 $72,795 n/a 4.02%
    FHA 20 $3,850,000 $192,500 $6,331 2.89%

    For 2021, Truliant Federal Credit Union's most frequently originated type of loan was Conventional, with 2,811 originations. Their 2nd most popular type was HELOC, with 2,581 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 1,935 $220,455,000 $113,930 $1,222 3.75%
    Home Improvement 1,411 $88,775,000 $62,916 $6 4.21%
    Other 1,122 $65,890,000 $58,725 $3 4.41%
    Home Purchase 559 $103,685,000 $185,483 $2,991 3.36%
    Cash Out Refi 385 $65,465,000 $170,039 $2,953 3.10%

    For 2021, Truliant Federal Credit Union's most frequently cited loan purpose was Refi, with 1,935 originations. The 2nd most popular reason was Home Improvement, with 1,411 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 3,397 $343,325,000 $101,067 $3,129 3.84%
    15 Year 900 $109,460,000 $121,622 $1,264 3.45%
    10 Year 457 $25,495,000 $55,788 $273 4.35%
    Other 387 $29,945,000 $77,377 $3 4.91%
    20 Year 256 $30,760,000 $120,156 $1,215 4.39%
    30+ year 12 $3,430,000 $285,833 $4,342 3.54%
    5 Year 3 $1,855,000 $618,333 $0 4.00%

    For 2021, Truliant Federal Credit Union's most frequently cited loan duration was 30 Year, with 3,397 originations. The 2nd most popular length was 15 Year, with 900 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 2,330 $258,610,000 $110,991
    $1k-2k 374 $66,560,000 $177,968
    $2k-3k 77 $17,445,000 $226,558
    $3k-4k 29 $6,725,000 $231,897
    $4k-5k 9 $1,965,000 $218,333
    $5k+ 6 $1,580,000 $263,333

    Truliant Federal Credit Union's average total fees were $3,129, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,330 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 3,403 $342,795,000 $100,733
    4-5% 738 $47,880,000 $64,878
    2.5-3% 568 $94,820,000 $166,937
    5-6% 344 $21,370,000 $62,122
    <2.5% 245 $31,635,000 $129,122
    6-7% 112 $5,660,000 $50,536
    7-8% 2 $110,000 $55,000

    During 2021, Truliant Federal Credit Union's average interest rate for loans was 3.84%, while their most frequently originated rate bucket for loans was 3-4%, with 3,403 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 3,344 $176,740,000 $52,853 $481 4.17%
    $100k-200k 1,482 $206,410,000 $139,278 $2,075 3.58%
    $200k-400k 541 $138,215,000 $255,481 $3,023 3.41%
    $400k-600k 41 $18,925,000 $461,585 $3,772 3.07%
    $600k-1MM 3 $2,525,000 $841,667 $4,025 3.71%
    $1MM+ 1 $1,455,000 $1,455,000 $0 3.75%

    2021 saw Truliant Federal Credit Union place emphasis on $100,000 or less loans with 3,344 originations, totaling $176,740,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 1,365 $122,415,000 $89,681 $1,457 3.91%
    $100k-150k 1,121 $125,905,000 $112,315 $1,575 3.95%
    $50k or less 1,120 $84,800,000 $75,714 $1,444 3.83%
    $75k-100k 1,049 $105,075,000 $100,167 $1,402 3.96%
    $150k-250k 558 $70,520,000 $126,380 $1,424 4.01%
    $250k+ 140 $26,050,000 $186,071 $2,068 3.98%

    Truliant Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 1,365 originations. The second most popular income band? $100k-150k, with 1,121 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,435 $143,125,000 $99,739 $1,494 3.86%
    30-36% 1,067 $106,245,000 $99,574 $1,376 3.96%
    <20% 597 $59,325,000 $99,372 $1,649 3.69%
    44% 375 $33,605,000 $89,613 $2,544 3.98%
    42% 330 $29,940,000 $90,727 $611 4.31%
    41% 219 $21,125,000 $96,461 $1,165 4.12%
    40% 210 $20,600,000 $98,095 $1,355 4.06%
    37% 208 $21,180,000 $101,827 $1,320 4.01%
    39% 203 $20,735,000 $102,143 $1,355 3.97%
    36% 184 $17,830,000 $96,902 $1,605 3.97%
    38% 183 $19,115,000 $104,454 $1,080 4.16%
    43% 170 $16,640,000 $97,882 $2,080 3.84%
    45% 84 $8,920,000 $106,190 $2,676 3.58%
    46% 33 $5,145,000 $155,909 $2,960 3.49%
    49% 30 $4,560,000 $152,000 $2,745 3.21%
    47% 29 $5,325,000 $183,621 $3,212 3.14%
    48% 27 $3,645,000 $135,000 $3,107 3.45%
    50-60% 22 $3,700,000 $168,182 $3,882 3.66%
    >60% 3 $225,000 $75,000 $0 5.07%

    Truliant Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 1,435 originations. The next most common DTI ratio? 30-36%, with 1,067 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,884 $398,460,000 $102,590 $1,512 3.87%
    Black 725 $69,045,000 $95,234 $1,475 4.00%
    Not provided 674 $58,910,000 $87,404 $1,246 4.14%
    Asian 99 $12,475,000 $126,010 $1,570 3.86%
    Not applicable 3 $3,285,000 $1,095,000 $0 3.75%
    American Indian 21 $1,745,000 $83,095 $1,381 4.05%
    Native Hawaiian or Islander 6 $350,000 $58,333 $0 3.99%

    Approval Rates

    Total approvals of all applications
    77.45%

    Truliant Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    71.27%

    Truliant Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 5,412 $544,270,000 $100,567

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    5,412 $544,270,000 $100,567

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1,487 $116,765,000 $78,524 $510 4.15%
    40-60% 855 $103,915,000 $121,538 $1,586 3.56%
    60-80% 888 $151,260,000 $170,338 $2,344 3.47%
    80-100% 523 $98,715,000 $188,748 $2,540 3.44%
    Under 20% 1,658 $72,160,000 $43,522 $46 4.30%