Tapco Credit Union Mortgage Rates, Fees & Info

Fircrest, WA

LEI: 549300VZDEK4QLTWSL15

Tax ID: 91-0176216

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

Review & Overview

Tapco Credit Union is a smaller credit union specializing in Refi loans. Tapco Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Seattle, Olympia, Bellingham, Bremerton, and Oak Harbor among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)

Tapco Credit Union has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


Originations

336

Origination Dollar Volume (All Markets)

$71,610,000

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
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 302 $64,500,000 $213,576 $0 0.00%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 9 $1,625,000 $180,556 $0 0.00%
BELLINGHAM, WA (FHA|USDA|VA) 2 $1,620,000 $810,000 $0 0.00%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 5 $765,000 $153,000 $0 0.00%
Oak Harbor, WA (FHA|USDA|VA) 1 $485,000 $485,000 $0 0.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 3 $475,000 $158,333 $0 0.00%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $435,000 $435,000 $0 0.00%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $375,000 $375,000 $0 0.00%
Shelton, WA (FHA|USDA|VA) 2 $240,000 $120,000 $0 0.00%
Moses Lake, WA (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
LEWISTON, ID-WA (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
Outside of Metro Areas 1 $205,000 $205,000 $0 0.00%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $140,000 $70,000 $0 0.00%
Centralia, WA (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
YAKIMA, WA (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 2 $70,000 $35,000 $0 0.00%
Aberdeen, WA (FHA|USDA|VA) 1 $25,000 $25,000 $0 0.00%
Tapco Credit Union's top markets include Seattle, Olympia, Bellingham, Bremerton, and Oak Harbor among others.

Their top states include:
  • Washington (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
  • Idaho (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 333 $70,705,000 $212,327 $0 0.00%
    VA 3 $905,000 $301,667 $0 0.00%

    For 2021, Tapco Credit Union's most frequently originated type of loan was Conventional, with 333 originations. Their 2nd most popular type was VA, with 3 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 207 $40,865,000 $197,415 $0 0.00%
    Cash Out Refi 48 $12,940,000 $269,583 $0 0.00%
    Home Improvement 31 $2,545,000 $82,097 $0 0.00%
    Home Purchase 28 $11,920,000 $425,714 $0 0.00%
    Other 22 $3,340,000 $151,818 $0 0.00%

    For 2021, Tapco Credit Union's most frequently cited loan purpose was Refi, with 207 originations. The 2nd most popular reason was Cash Out Refi, with 48 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 336 $71,610,000 $213,125 $0 0.00%

    For 2021, Tapco Credit Union's most frequently cited loan duration was Other, with 336 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 111 $16,105,000 $145,090 $0 0.00%
    $200k-400k 103 $27,895,000 $270,825 $0 0.00%
    $100,000 or less 98 $6,140,000 $62,653 $0 0.00%
    $400k-600k 14 $6,530,000 $466,429 $0 0.00%
    $1MM+ 9 $13,985,000 $1,553,889 $0 0.00%
    $600k-1MM 1 $955,000 $955,000 $0 0.00%

    2021 saw Tapco Credit Union place emphasis on $100k-200k loans with 111 originations, totaling $16,105,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 80 $12,880,000 $161,000 $0 0.00%
    $100k-150k 79 $13,285,000 $168,165 $0 0.00%
    $50k-75k 69 $11,515,000 $166,884 $0 0.00%
    $150k-250k 55 $12,225,000 $222,273 $0 0.00%
    $50k or less 28 $3,060,000 $109,286 $0 0.00%
    $250k+ 12 $4,370,000 $364,167 $0 0.00%

    Tapco Credit Union lent most frequently to those with incomes in the $75k-100k range, with 80 originations. The second most popular income band? $100k-150k, with 79 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 336 $71,610,000 $213,125 $0 0.00%

    Tapco Credit Union lent most frequently to those with DTI ratios of Exempt%, with 336 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 256 $43,470,000 $169,805 $0 0.00%
    Not applicable 9 $13,815,000 $1,535,000 $0 0.00%
    Not provided 43 $9,465,000 $220,116 $0 0.00%
    Black 9 $1,715,000 $190,556 $0 0.00%
    Asian 11 $1,325,000 $120,455 $0 0.00%
    American Indian 6 $1,320,000 $220,000 $0 0.00%
    Native Hawaiian or Islander 2 $500,000 $250,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.22%

    Tapco Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    72.92%

    Tapco Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 336 $71,610,000 $213,125

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    336 $71,610,000 $213,125