Mtc Federal Credit Union Mortgage Rates, Fees & Info
Greenville, SCLEI: 549300WDLOVGUYVTS727
Tax ID: 57-0638331
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Mtc Federal Credit Union is a smaller credit union specializing in Home Improvement and Home Purchase loans. Mtc Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Greenville, Spartanburg, Ardmore, Atlanta, and Georgetown among others. We have data for 12 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
94Origination Dollar Volume (All Markets)
$12,690,000Top 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) | 58 | $7,200,000 | $124,138 | $0 | 0.00% |
| SPARTANBURG, SC (FHA|USDA|VA) | 17 | $1,825,000 | $107,353 | $0 | 0.00% |
| Ardmore, OK (FHA|USDA|VA) | 8 | $960,000 | $120,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $0 | 0.00% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $0 | 0.00% |
| Seneca, SC (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $0 | 0.00% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 0.00% |
| COLUMBIA, SC (FHA|USDA|VA) | 3 | $295,000 | $98,333 | $0 | 0.00% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Orangeburg, SC (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| AUBURN-OPELIKA, AL (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 | 94 | $12,690,000 | $135,000 | $0 | 0.00% |
For 2022, Mtc Federal Credit Union's most frequently originated type of loan was Conventional, with 94 originations.
Loan Reason
For 2022, Mtc Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 41 originations. The 2nd most popular reason was Other, with 28 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 94 | $12,690,000 | $135,000 | $0 | 0.00% |
For 2022, Mtc Federal Credit Union's most frequently cited loan duration was Other, with 94 originations.
Loan Sizing
2022 saw Mtc Federal Credit Union place emphasis on $100,000 or less loans with 54 originations, totaling $3,220,000 in origination value.
Applicant Income
Mtc Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 28 originations. The second most popular income band? $75k-100k, with 19 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 94 | $12,690,000 | $135,000 | $0 | 0.00% |
Mtc Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 94 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications78.10%
Mtc Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination70.21%
Mtc Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 94 | $12,690,000 | $135,000 |