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 Cash Out Refi loans. Tapco Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Seattle, Olympia, Bremerton, Centralia, and Wenatchee among others. We have data for 12 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
262Origination Dollar Volume (All Markets)
$52,920,000Top 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) | 236 | $48,160,000 | $204,068 | $0 | 0.00% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 10 | $2,060,000 | $206,000 | $0 | 0.00% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 4 | $970,000 | $242,500 | $0 | 0.00% |
| Centralia, WA (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $0 | 0.00% |
| WENATCHEE, WA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $205,000 | $205,000 | $0 | 0.00% |
| WALLA WALLA, WA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Shelton, WA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| Aberdeen, WA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 0.00% |
| Moses Lake, WA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $25,000 | $25,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 260 | $52,050,000 | $200,192 | $0 | 0.00% |
| VA | 2 | $870,000 | $435,000 | $0 | 0.00% |
For 2020, Tapco Credit Union's most frequently originated type of loan was Conventional, with 260 originations. Their 2nd most popular type was VA, with 2 originations.
Loan Reason
For 2020, Tapco Credit Union's most frequently cited loan purpose was Refi, with 122 originations. The 2nd most popular reason was Cash Out Refi, with 49 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 262 | $52,920,000 | $201,985 | $0 | 0.00% |
For 2020, Tapco Credit Union's most frequently cited loan duration was Other, with 262 originations.
Loan Sizing
2020 saw Tapco Credit Union place emphasis on $200k-400k loans with 105 originations, totaling $28,245,000 in origination value.
Applicant Income
Tapco Credit Union lent most frequently to those with incomes in the $100k-150k range, with 76 originations. The second most popular income band? $50k-75k, with 60 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 262 | $52,920,000 | $201,985 | $0 | 0.00% |
Tapco Credit Union lent most frequently to those with DTI ratios of Exempt%, with 262 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.29%
Tapco Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination59.92%
Tapco Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 262 | $52,920,000 | $201,985 |