Tapco Credit Union Mortgage Rates, Fees & Info
Fircrest, WALEI: 549300VZDEK4QLTWSL15
Tax ID: 91-0176216
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Tapco Credit Union is a smaller credit union specializing in Other, Home Improvement, and Refi loans. Tapco Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Seattle, Port Angeles, Bremerton, Olympia, and Shelton among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)Tapco 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.
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Originations
274Origination Dollar Volume (All Markets)
$38,250,000Top 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 |
|---|---|---|---|---|---|
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 243 | $33,605,000 | $138,292 | $0 | 0.00% |
| Port Angeles, WA (FHA|USDA|VA) | 3 | $1,345,000 | $448,333 | $0 | 0.00% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 7 | $755,000 | $107,857 | $0 | 0.00% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 9 | $545,000 | $60,556 | $0 | 0.00% |
| Shelton, WA (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $0 | 0.00% |
| Centralia, WA (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $0 | 0.00% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $125,000 | $125,000 | $0 | 0.00% |
| Ellensburg, WA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| Aberdeen, WA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Oak Harbor, WA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| LONGVIEW, WA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 273 | $37,925,000 | $138,919 | $0 | 0.00% |
| VA | 1 | $325,000 | $325,000 | $0 | 0.00% |
For 2023, Tapco Credit Union's most frequently originated type of loan was Conventional, with 273 originations. Their 2nd most popular type was VA, with 1 originations.
Loan Reason
For 2023, Tapco Credit Union's most frequently cited loan purpose was Other, with 112 originations. The 2nd most popular reason was Home Improvement, with 108 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 274 | $38,250,000 | $139,599 | $0 | 0.00% |
For 2023, Tapco Credit Union's most frequently cited loan duration was Other, with 274 originations.
Loan Sizing
2023 saw Tapco Credit Union place emphasis on $100,000 or less loans with 158 originations, totaling $8,680,000 in origination value.
Applicant Income
Tapco Credit Union lent most frequently to those with incomes in the $100k-150k range, with 86 originations. The second most popular income band? $150k-250k, with 73 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 274 | $38,250,000 | $139,599 | $0 | 0.00% |
Tapco Credit Union lent most frequently to those with DTI ratios of Exempt%, with 274 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications81.33%
Tapco Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination89.78%
Tapco Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 274 | $38,250,000 | $139,599 |