Tapco Credit Union Mortgage Rates, Fees & Info
Fircrest, WALEI: 549300VZDEK4QLTWSL15
Tax ID: 91-0176216
Latest/2024 | 2023 Data | 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 and Home Improvement loans. Tapco Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Seattle, Kennewick, Olympia, Bremerton, and Corvallis among others. We have data for 9 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
222Origination Dollar Volume (All Markets)
$31,310,000Top 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) | 203 | $27,655,000 | $136,232 | $0 | 0.00% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $1,405,000 | $1,405,000 | $0 | 0.00% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 7 | $645,000 | $92,143 | $0 | 0.00% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 5 | $625,000 | $125,000 | $0 | 0.00% |
| CORVALLIS, OR (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| Moses Lake, WA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| Shelton, WA (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $0 | 0.00% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $55,000 | $55,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 222 | $31,310,000 | $141,036 | $0 | 0.00% |
For 2024, Tapco Credit Union's most frequently originated type of loan was Conventional, with 222 originations.
Loan Reason
For 2024, Tapco Credit Union's most frequently cited loan purpose was Other, with 87 originations. The 2nd most popular reason was Home Improvement, with 85 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 222 | $31,310,000 | $141,036 | $0 | 0.00% |
For 2024, Tapco Credit Union's most frequently cited loan duration was Other, with 222 originations.
Loan Sizing
2024 saw Tapco Credit Union place emphasis on $100,000 or less loans with 115 originations, totaling $6,535,000 in origination value.
Applicant Income
Tapco Credit Union lent most frequently to those with incomes in the $150k-250k range, with 72 originations. The second most popular income band? $100k-150k, with 57 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 222 | $31,310,000 | $141,036 | $0 | 0.00% |
Tapco Credit Union lent most frequently to those with DTI ratios of Exempt%, with 222 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications81.21%
Tapco Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination86.49%
Tapco Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 222 | $31,310,000 | $141,036 |