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
Jump to:
Mortgage Data
Review & Overview
Transwest Credit Union is a smaller credit union specializing in Cash Out Refi and Refi loans. Transwest Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Salt Lake City, Ogden, Heber, St. George, and Provo 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.
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.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.65% | 11/17/24 |
| 30 Year Conventional Refi | 6.52% | 11/17/24 |
| 30 Year Cash-out Refi | 6.53% | 11/17/24 |
| 15 Year Conventional Refi | 5.85% | 11/17/24 |
| 15 Year Cash-out Refi | 5.85% | 11/17/24 |
| 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
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Transwest Credit Union. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
72Origination Dollar Volume (All Markets)
$17,450,000Top 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 |
|---|---|---|---|---|---|
| SALT LAKE CITY, UT (FHA|USDA|VA) | 58 | $14,090,000 | $242,931 | $0 | 0.00% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 4 | $1,190,000 | $297,500 | $0 | 0.00% |
| Heber, UT (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $0 | 0.00% |
| ST. GEORGE, UT (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $0 | 0.00% |
| PROVO-OREM, UT (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $0 | 0.00% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $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.
Similarity Rank: 245
Similarity Rank: 329
Similarity Rank: 470
Similarity Rank: 900
Similarity Rank: 918
Similarity Rank: 1330
Similarity Rank: 1495
Similarity Rank: 1908
Similarity Rank: 1992
Similarity Rank: 2430
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 72 | $17,450,000 | $242,361 | $0 | 0.00% |
For 2019, Transwest Credit Union's most frequently originated type of loan was Conventional, with 72 originations.
Loan Reason
For 2019, Transwest Credit Union's most frequently cited loan purpose was Cash Out Refi, with 30 originations. The 2nd most popular reason was Refi, with 27 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 72 | $17,450,000 | $242,361 | $0 | 0.00% |
For 2019, Transwest Credit Union's most frequently cited loan duration was Other, with 72 originations.
Loan Sizing
2019 saw Transwest Credit Union place emphasis on $200k-400k loans with 37 originations, totaling $10,435,000 in origination value.
Applicant Income
Transwest Credit Union lent most frequently to those with incomes in the $100k-150k range, with 22 originations. The second most popular income band? $50k or less, with 17 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 72 | $17,450,000 | $242,361 | $0 | 0.00% |
Transwest Credit Union lent most frequently to those with DTI ratios of Exempt%, with 72 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 70 | $16,720,000 | $238,857 | $0 | 0.00% |
| Asian | 2 | $730,000 | $365,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications100.00%
Transwest Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination87.50%
Transwest Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 72 | $17,450,000 | $242,361 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 72 | $17,450,000 | $242,361 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| TRANSUNION INTERMEDIATE HOLDINGS, INC. | Other type of mortgage | Incorrect information on your report | 1 | 20.0% |
| TRANSUNION INTERMEDIATE HOLDINGS, INC. | VA mortgage | Struggling to pay mortgage | 1 | 20.0% |
| TRANSUNION INTERMEDIATE HOLDINGS, INC. | Conventional home mortgage | Trouble during payment process | 2 | 40.0% |
| TRANSUNION INTERMEDIATE HOLDINGS, INC. | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 20.0% |