Truwest Credit Union Mortgage Rates, Fees & Info

Tempe, AZ

LEI: 549300XYLNCM8KWF7B15

Tax ID: 86-6050959

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Truwest Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Truwest Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Phoenix, Austin, Tucson, Dallas, and Prescott Valley among others. We have data for 40 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Truwest 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. Truwest Credit Union is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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
    Home Equity Line of Credit (HELOC) 7.62% 12/16/24
    30 Year Conventional Purchase 6.43% 12/16/24
    30 Year Conventional Refi 6.37% 12/16/24
    30 Year Cash-out Refi 6.76% 12/16/24
    15 Year Conventional Purchase 6.39% 12/16/24
    15 Year Conventional Refi 6.11% 12/16/24
    15 Year Cash-out Refi 6.11% 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.

    Truwest Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Truwest 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

    1,656

    Origination Dollar Volume (All Markets)

    $369,990,000

    Awards

    TRUWEST Credit Union 30 Year Conventional Loans bronze
    Show all (1) awards

    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
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1,396 $303,190,000 $217,185 $3,022 4.29%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 109 $30,045,000 $275,642 $2,990 4.08%
    TUCSON, AZ (FHA|USDA|VA) 31 $6,135,000 $197,903 $2,366 4.46%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 22 $5,040,000 $229,091 $1,214 4.61%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 15 $3,475,000 $231,667 $4,910 4.68%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 6 $3,450,000 $575,000 $3,315 3.81%
    Show Low, AZ (FHA|USDA|VA) 10 $2,160,000 $216,000 $3,776 3.61%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 2 $2,030,000 $1,015,000 $3,910 2.88%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 9 $1,955,000 $217,222 $1,846 4.23%
    FLAGSTAFF, AZ (FHA|USDA|VA) 11 $1,615,000 $146,818 $0 5.09%
    Outside of Metro Areas 7 $1,255,000 $179,286 $3,393 3.64%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $925,000 $925,000 $4,175 2.88%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $875,000 $875,000 $4,165 3.00%
    Payson, AZ (FHA|USDA|VA) 6 $850,000 $141,667 $3,402 4.67%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $550,000 $275,000 $4,931 3.38%
    SANTA FE, NM (FHA|USDA|VA) 1 $525,000 $525,000 $4,047 3.25%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $515,000 $515,000 $2,268 2.88%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $470,000 $235,000 $0 4.50%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $445,000 $445,000 $4,994 3.88%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $435,000 $435,000 $4,172 3.25%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $415,000 $415,000 $3,788 3.50%
    EL PASO, TX (FHA|USDA|VA) 1 $405,000 $405,000 $1,750 4.50%
    Helena, MT (FHA|USDA|VA) 1 $345,000 $345,000 $4,476 2.88%
    ALBUQUERQUE, NM (FHA|USDA|VA) 2 $300,000 $150,000 $5,061 4.06%
    Houghton, MI (FHA|USDA|VA) 1 $285,000 $285,000 $2,705 3.00%
    ABILENE, TX (FHA|USDA|VA) 1 $265,000 $265,000 $4,644 3.38%
    MONTGOMERY, AL (FHA|USDA|VA) 1 $265,000 $265,000 $3,343 3.00%
    FORT WAYNE, IN (FHA|USDA|VA) 1 $205,000 $205,000 $4,786 2.88%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $205,000 $205,000 $2,760 3.00%
    Durango, CO (FHA|USDA|VA) 1 $195,000 $195,000 $0 4.88%
    Nogales, AZ (FHA|USDA|VA) 2 $180,000 $90,000 $0 5.00%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $175,000 $175,000 $3,870 4.00%
    Outside of Metro Areas 1 $165,000 $165,000 $0 5.25%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $145,000 $145,000 $1,000 4.50%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $115,000 $115,000 $2,641 2.50%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $115,000 $115,000 $2,175 3.25%
    ODESSA, TX (FHA|USDA|VA) 1 $85,000 $85,000 $0 5.25%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $65,000 $65,000 $0 5.15%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $65,000 $65,000 $3,108 3.38%
    SPRINGFIELD, MO (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.25%
    Truwest Credit Union's top markets include Phoenix, Austin, Tucson, Dallas, and Prescott Valley among others.

    Their top states include:
  • Arizona (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against TRUWEST Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    First Credit Union
    Similarity Rank: 378
    United Heritage Credit Union
    Similarity Rank: 636
    FIRST CONTINENTAL MORTGAGE, LTD.
    Similarity Rank: 1001
    SMART CHOICE MORTGAGE, A TEXAS LIMITED LIABILITY C
    Similarity Rank: 1140
    ARIZONA CENTRAL
    Similarity Rank: 1166
    AERO Federal Credit Union
    Similarity Rank: 1428
    TEXANS
    Similarity Rank: 2091
    PIMA Federal Credit Union
    Similarity Rank: 2106
    OneAZ Credit Union
    Similarity Rank: 2376
    Western State Bank
    Similarity Rank: 2520

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 888 $148,760,000 $167,523 n/a 5.10%
    Conventional 768 $221,230,000 $288,060 $2,977 3.33%

    For 2021, Truwest Credit Union's most frequently originated type of loan was HELOC, with 888 originations. Their 2nd most popular type was Conventional, with 768 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 1,057 $208,785,000 $197,526 $2,411 4.61%
    Home Purchase 326 $87,360,000 $267,975 $4,079 4.12%
    Refi 257 $69,735,000 $271,342 $2,681 3.11%
    Other 16 $4,110,000 $256,875 $2,333 4.77%

    For 2021, Truwest Credit Union's most frequently cited loan purpose was Cash Out Refi, with 1,057 originations. The 2nd most popular reason was Home Purchase, with 326 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,437 $323,555,000 $225,160 $3,421 4.41%
    15 Year 174 $28,390,000 $163,161 $1,654 3.60%
    20 Year 24 $5,030,000 $209,583 $2,580 3.00%
    10 Year 19 $6,975,000 $367,105 $2,674 2.51%
    5 Year 1 $4,485,000 $4,485,000 $0 3.50%
    Other 1 $1,555,000 $1,555,000 $0 3.85%

    For 2021, Truwest Credit Union's most frequently cited loan duration was 30 Year, with 1,437 originations. The 2nd most popular length was 15 Year, with 174 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 544 $164,940,000 $303,199
    $<1k 125 $18,675,000 $149,400
    $2k-3k 69 $16,965,000 $245,870
    $3k-4k 16 $5,370,000 $335,625
    $5k+ 7 $3,575,000 $510,714
    $4k-5k 4 $1,300,000 $325,000

    Truwest Credit Union's average total fees were $3,421, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 544 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 535 $56,935,000 $106,421
    4-5% 480 $110,440,000 $230,083
    2.5-3% 314 $109,910,000 $350,032
    3-4% 254 $78,620,000 $309,528
    <2.5% 70 $13,820,000 $197,429
    6-7% 2 $210,000 $105,000
    Over 8% 1 $55,000 $55,000

    During 2021, Truwest Credit Union's average interest rate for loans was 4.41%, while their most frequently originated rate bucket for loans was 5-6%, with 535 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 579 $84,355,000 $145,691 $2,267 4.36%
    $200k-400k 494 $133,060,000 $269,352 $3,748 3.82%
    $100,000 or less 402 $28,060,000 $69,801 $1,012 4.99%
    $400k-600k 115 $55,835,000 $485,522 $3,734 4.03%
    $600k-1MM 45 $34,015,000 $755,889 $4,136 3.14%
    $1MM+ 21 $34,665,000 $1,650,714 $5,555 2.95%

    2021 saw Truwest Credit Union place emphasis on $100k-200k loans with 579 originations, totaling $84,355,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 429 $89,935,000 $209,639 $2,251 4.63%
    $250k+ 338 $115,890,000 $342,870 $2,986 4.60%
    $100k-150k 324 $56,710,000 $175,031 $2,434 4.46%
    $50k or less 201 $36,875,000 $183,458 $3,772 3.27%
    $50k-75k 185 $33,215,000 $179,541 $3,333 3.71%
    $75k-100k 167 $24,515,000 $146,796 $2,713 4.21%

    Truwest Credit Union lent most frequently to those with incomes in the $150k-250k range, with 429 originations. The second most popular income band? $250k+, with 338 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 377 $77,475,000 $205,504 $2,605 4.25%
    30-36% 344 $77,940,000 $226,570 $2,741 4.39%
    <20% 185 $37,325,000 $201,757 $2,605 3.91%
    44% 128 $24,490,000 $191,328 $4,692 4.63%
    43% 87 $19,085,000 $219,368 $3,764 4.31%
    41% 76 $17,890,000 $235,395 $3,492 4.36%
    39% 74 $18,010,000 $243,378 $3,275 4.33%
    42% 68 $19,530,000 $287,206 $3,195 4.24%
    38% 67 $13,935,000 $207,985 $3,126 4.42%
    40% 65 $13,435,000 $206,692 $2,792 4.36%
    36% 60 $11,940,000 $199,000 $2,843 4.36%
    37% 52 $11,310,000 $217,500 $3,432 4.56%
    45% 21 $6,175,000 $294,048 $3,157 3.79%
    48% 13 $2,645,000 $203,462 $3,367 3.02%
    49% 12 $2,820,000 $235,000 $3,971 3.14%
    46% 6 $1,210,000 $201,667 $2,408 3.25%
    47% 5 $1,135,000 $227,000 $4,663 3.43%
    50-60% 3 $435,000 $145,000 $2,591 4.04%

    Truwest Credit Union lent most frequently to those with DTI ratios of 20-30%, with 377 originations. The next most common DTI ratio? 30-36%, with 344 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,162 $249,440,000 $214,664 $2,793 4.38%
    Not provided 275 $57,955,000 $210,745 $2,538 4.33%
    Asian 116 $29,240,000 $252,069 $4,244 3.57%
    Not applicable 4 $10,480,000 $2,620,000 $0 4.14%
    Black 46 $9,460,000 $205,652 $3,163 3.83%
    Other Asian 17 $4,165,000 $245,000 $3,906 3.33%
    Asian Indian 12 $3,470,000 $289,167 $2,620 4.33%
    American Indian 11 $2,465,000 $224,091 $2,791 4.06%
    Chinese 6 $1,010,000 $168,333 $3,233 3.46%
    Korean 2 $770,000 $385,000 $4,257 2.81%
    Other Pacific Islander 1 $445,000 $445,000 $4,994 3.88%
    Filipino 2 $420,000 $210,000 $1,865 3.63%
    Vietnamese 1 $385,000 $385,000 $4,854 2.50%
    Native Hawaiian or Islander 1 $285,000 $285,000 $4,666 2.88%

    Approval Rates

    Total approvals of all applications
    89.73%

    Truwest Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    75.42%

    Truwest Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 20 $2,460,000 $123,000
    NA 1,636 $367,530,000 $224,652

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,656 $369,990,000 $223,424

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 445 $92,815,000 $208,573 $1,972 4.54%
    40-60% 193 $53,875,000 $279,145 $2,704 3.26%
    60-80% 254 $108,210,000 $426,024 $3,667 3.19%
    80-100% 147 $42,365,000 $288,197 $4,825 3.20%
    Under 20% 611 $71,315,000 $116,718 $436 5.11%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    TRUIST FINANCIAL CORPORATION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 57 10.7%
    TRUIST FINANCIAL CORPORATION Conventional home mortgage Closing on a mortgage 29 5.4%
    TRUIST FINANCIAL CORPORATION Conventional home mortgage Improper use of your report 1 0.2%
    TRUIST FINANCIAL CORPORATION Conventional home mortgage Incorrect information on your report 11 2.1%
    TRUIST FINANCIAL CORPORATION Conventional home mortgage Problem with a credit reporting company's investigation into an existing problem 2 0.4%
    TRUIST FINANCIAL CORPORATION Conventional home mortgage Struggling to pay mortgage 38 7.1%
    TRUIST FINANCIAL CORPORATION Conventional home mortgage Trouble during payment process 244 45.6%
    TRUIST FINANCIAL CORPORATION FHA mortgage Applying for a mortgage or refinancing an existing mortgage 7 1.3%
    TRUIST FINANCIAL CORPORATION FHA mortgage Closing on a mortgage 4 0.7%
    TRUIST FINANCIAL CORPORATION FHA mortgage Incorrect information on your report 2 0.4%
    TRUIST FINANCIAL CORPORATION FHA mortgage Struggling to pay mortgage 18 3.4%
    TRUIST FINANCIAL CORPORATION FHA mortgage Trouble during payment process 25 4.7%
    TRUIST FINANCIAL CORPORATION Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 6 1.1%
    TRUIST FINANCIAL CORPORATION Home equity loan or line of credit (HELOC) Closing on a mortgage 5 0.9%
    TRUIST FINANCIAL CORPORATION Home equity loan or line of credit (HELOC) Incorrect information on your report 1 0.2%
    TRUIST FINANCIAL CORPORATION Home equity loan or line of credit (HELOC) Struggling to pay mortgage 7 1.3%
    TRUIST FINANCIAL CORPORATION Home equity loan or line of credit (HELOC) Trouble during payment process 18 3.4%
    TRUIST FINANCIAL CORPORATION Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 10 1.9%
    TRUIST FINANCIAL CORPORATION Other type of mortgage Closing on a mortgage 6 1.1%
    TRUIST FINANCIAL CORPORATION Other type of mortgage Improper use of your report 1 0.2%
    TRUIST FINANCIAL CORPORATION Other type of mortgage Incorrect information on your report 1 0.2%
    TRUIST FINANCIAL CORPORATION Other type of mortgage Struggling to pay mortgage 4 0.7%
    TRUIST FINANCIAL CORPORATION Other type of mortgage Trouble during payment process 17 3.2%
    TRUIST FINANCIAL CORPORATION VA mortgage Applying for a mortgage or refinancing an existing mortgage 6 1.1%
    TRUIST FINANCIAL CORPORATION VA mortgage Struggling to pay mortgage 3 0.6%
    TRUIST FINANCIAL CORPORATION VA mortgage Trouble during payment process 12 2.2%