Mtc Federal Credit Union Mortgage Rates, Fees & Info
Greenville, SCLEI: 549300WDLOVGUYVTS727
Tax ID: 57-0638331
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Mortgage Data
Review & Overview
Mtc Federal Credit Union is a smaller credit union specializing in Other, Cash Out Refi, and Home Purchase loans. Mtc Federal Credit Union has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Greenville, Columbia, Spartanburg, Ardmore, and Tuscaloosa among others. We have data for 18 markets. (Some data included below & more in-depth data is available with an active subscription.)Mtc Federal 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
134Origination Dollar Volume (All Markets)
$14,450,000Top 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 |
|---|---|---|---|---|---|
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 68 | $7,570,000 | $111,324 | $0 | 0.00% |
| COLUMBIA, SC (FHA|USDA|VA) | 15 | $1,525,000 | $101,667 | $0 | 0.00% |
| SPARTANBURG, SC (FHA|USDA|VA) | 15 | $1,285,000 | $85,667 | $0 | 0.00% |
| Ardmore, OK (FHA|USDA|VA) | 15 | $965,000 | $64,333 | $0 | 0.00% |
| Outside of Metro Areas | 5 | $545,000 | $109,000 | $0 | 0.00% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| Statesboro, GA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| Albemarle, NC (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $0 | 0.00% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| Bucyrus-Galion, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| Seneca, SC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| Greenwood, SC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against MTC Federal Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 132 | $13,840,000 | $104,848 | $0 | 0.00% |
| VA | 1 | $445,000 | $445,000 | $0 | 0.00% |
| USDA | 1 | $165,000 | $165,000 | $0 | 0.00% |
For 2023, Mtc Federal Credit Union's most frequently originated type of loan was Conventional, with 132 originations. Their 2nd most popular type was VA, with 1 originations.
Loan Reason
For 2023, Mtc Federal Credit Union's most frequently cited loan purpose was Other, with 80 originations. The 2nd most popular reason was Cash Out Refi, with 28 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 134 | $14,450,000 | $107,836 | $0 | 0.00% |
For 2023, Mtc Federal Credit Union's most frequently cited loan duration was Other, with 134 originations.
Loan Sizing
2023 saw Mtc Federal Credit Union place emphasis on $100,000 or less loans with 83 originations, totaling $4,825,000 in origination value.
Applicant Income
Mtc Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 36 originations. The second most popular income band? $75k-100k, with 35 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 134 | $14,450,000 | $107,836 | $0 | 0.00% |
Mtc Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 134 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.71%
Mtc Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination80.60%
Mtc Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 134 | $14,450,000 | $107,836 |