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 Refi and Home Improvement loans. Tapco Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Seattle, Centralia, Bremerton, Olympia, and Shelton among others. We have data for 7 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
205Origination Dollar Volume (All Markets)
$25,055,000Top 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) | 190 | $21,090,000 | $111,000 | $0 | 0.00% |
| Centralia, WA (FHA|USDA|VA) | 1 | $2,005,000 | $2,005,000 | $0 | 0.00% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 5 | $835,000 | $167,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $520,000 | $260,000 | $0 | 0.00% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 5 | $485,000 | $97,000 | $0 | 0.00% |
| Shelton, WA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 204 | $24,700,000 | $121,078 | $0 | 0.00% |
| VA | 1 | $355,000 | $355,000 | $0 | 0.00% |
For 2018, Tapco Credit Union's most frequently originated type of loan was Conventional, with 204 originations. Their 2nd most popular type was VA, with 1 originations.
Loan Reason
For 2018, Tapco Credit Union's most frequently cited loan purpose was Refi, with 80 originations. The 2nd most popular reason was Home Improvement, with 74 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 205 | $25,055,000 | $122,220 | $0 | 0.00% |
For 2018, Tapco Credit Union's most frequently cited loan duration was Other, with 205 originations.
Loan Sizing
2018 saw Tapco Credit Union place emphasis on $100,000 or less loans with 123 originations, totaling $6,015,000 in origination value.
Applicant Income
Tapco Credit Union lent most frequently to those with incomes in the $100k-150k range, with 63 originations. The second most popular income band? $75k-100k, with 52 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 205 | $25,055,000 | $122,220 | $0 | 0.00% |
Tapco Credit Union lent most frequently to those with DTI ratios of Exempt%, with 205 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.87%
Tapco Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination86.83%
Tapco Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 205 | $25,055,000 | $122,220 |