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

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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, Bremerton, Oak Harbor, Cape Coral, and Kennewick among others. We have data for 15 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.

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Originations

211

Origination Dollar Volume (All Markets)

$44,585,000

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) 184 $40,340,000 $219,239 $0 0.00%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 9 $2,065,000 $229,444 $0 0.00%
Oak Harbor, WA (FHA|USDA|VA) 1 $405,000 $405,000 $0 0.00%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $250,000 $125,000 $0 0.00%
Centralia, WA (FHA|USDA|VA) 3 $205,000 $68,333 $0 0.00%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 2 $170,000 $85,000 $0 0.00%
Outside of Metro Areas 1 $165,000 $165,000 $0 0.00%
WENATCHEE, WA (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 2 $90,000 $45,000 $0 0.00%
Ellensburg, WA (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
BELLINGHAM, WA (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
Shelton, WA (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
Tapco Credit Union's top markets include Seattle, Bremerton, Oak Harbor, Cape Coral, and Kennewick among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 211 $44,585,000 $211,303 $0 0.00%

    For 2022, Tapco Credit Union's most frequently originated type of loan was Conventional, with 211 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 70 $21,390,000 $305,571 $0 0.00%
    Home Improvement 62 $6,330,000 $102,097 $0 0.00%
    Other 59 $7,425,000 $125,847 $0 0.00%
    Home Purchase 15 $7,455,000 $497,000 $0 0.00%
    Cash Out Refi 5 $1,985,000 $397,000 $0 0.00%

    For 2022, Tapco Credit Union's most frequently cited loan purpose was Refi, with 70 originations. The 2nd most popular reason was Home Improvement, with 62 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 211 $44,585,000 $211,303 $0 0.00%

    For 2022, Tapco Credit Union's most frequently cited loan duration was Other, with 211 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 88 $4,710,000 $53,523 $0 0.00%
    $100k-200k 56 $7,650,000 $136,607 $0 0.00%
    $200k-400k 46 $12,670,000 $275,435 $0 0.00%
    $400k-600k 12 $5,340,000 $445,000 $0 0.00%
    $1MM+ 5 $11,315,000 $2,263,000 $0 0.00%
    $600k-1MM 4 $2,900,000 $725,000 $0 0.00%

    2022 saw Tapco Credit Union place emphasis on $100,000 or less loans with 88 originations, totaling $4,710,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 56 $9,320,000 $166,429 $0 0.00%
    $150k-250k 49 $8,465,000 $172,755 $0 0.00%
    $75k-100k 48 $6,340,000 $132,083 $0 0.00%
    $50k-75k 22 $2,950,000 $134,091 $0 0.00%
    $250k+ 19 $5,665,000 $298,158 $0 0.00%
    $50k or less 12 $1,230,000 $102,500 $0 0.00%

    Tapco Credit Union lent most frequently to those with incomes in the $100k-150k range, with 56 originations. The second most popular income band? $150k-250k, with 49 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 211 $44,585,000 $211,303 $0 0.00%

    Tapco Credit Union lent most frequently to those with DTI ratios of Exempt%, with 211 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 132 $20,850,000 $157,955 $0 0.00%
    Not provided 61 $11,705,000 $191,885 $0 0.00%
    Not applicable 5 $10,615,000 $2,123,000 $0 0.00%
    American Indian 2 $430,000 $215,000 $0 0.00%
    Black 6 $390,000 $65,000 $0 0.00%
    Asian 3 $305,000 $101,667 $0 0.00%
    Korean 1 $255,000 $255,000 $0 0.00%
    Native Hawaiian or Islander 1 $35,000 $35,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.33%

    Tapco Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.94%

    Tapco Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 211 $44,585,000 $211,303

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    211 $44,585,000 $211,303