Transwest Credit Union Mortgage Rates, Fees & Info
Salt Lake City, UTLEI: 549300XP1CH1D03J6778
Tax ID: 87-0212887
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Transwest Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Transwest Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Salt Lake City, Ogden, St. George, Heber, and Boise City among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Transwest 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.65% | 12/16/24 |
| 30 Year Conventional Refi | 6.52% | 12/16/24 |
| 30 Year Cash-out Refi | 6.53% | 12/16/24 |
| 15 Year Conventional Refi | 5.85% | 12/16/24 |
| 15 Year Cash-out Refi | 5.85% | 12/16/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Transwest Credit Union Mortgage Calculator
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
55Origination Dollar Volume (All Markets)
$11,965,000Top 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 |
|---|---|---|---|---|---|
| SALT LAKE CITY, UT (FHA|USDA|VA) | 40 | $9,140,000 | $228,500 | $0 | 0.00% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 7 | $1,435,000 | $205,000 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $745,000 | $248,333 | $0 | 0.00% |
| ST. GEORGE, UT (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $0 | 0.00% |
| Heber, UT (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Cedar City, UT (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against TRANSWEST 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 | 55 | $11,965,000 | $217,545 | $0 | 0.00% |
For 2018, Transwest Credit Union's most frequently originated type of loan was Conventional, with 55 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 33 | $7,235,000 | $219,242 | $0 | 0.00% |
| Home Purchase | 19 | $4,205,000 | $221,316 | $0 | 0.00% |
| Refi | 3 | $525,000 | $175,000 | $0 | 0.00% |
For 2018, Transwest Credit Union's most frequently cited loan purpose was Cash Out Refi, with 33 originations. The 2nd most popular reason was Home Purchase, with 19 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 55 | $11,965,000 | $217,545 | $0 | 0.00% |
For 2018, Transwest Credit Union's most frequently cited loan duration was Other, with 55 originations.
Loan Sizing
2018 saw Transwest Credit Union place emphasis on $200k-400k loans with 30 originations, totaling $8,130,000 in origination value.
Applicant Income
Transwest Credit Union lent most frequently to those with incomes in the $50k-75k range, with 13 originations. The second most popular income band? $75k-100k, with 13 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 55 | $11,965,000 | $217,545 | $0 | 0.00% |
Transwest Credit Union lent most frequently to those with DTI ratios of Exempt%, with 55 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.24%
Transwest Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination80.00%
Transwest Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 55 | $11,965,000 | $217,545 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 1 | $85,000 | $85,000 |
| Single Family (1-4 Units):Site-Built | 54 | $11,880,000 | $220,000 |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| TRANSUNION INTERMEDIATE HOLDINGS, INC. | Conventional home mortgage | Trouble during payment process | 1 | 50.0% |
| TRANSUNION INTERMEDIATE HOLDINGS, INC. | FHA mortgage | Incorrect information on your report | 1 | 50.0% |