Telcoe Federal Credit Union Mortgage Rates, Fees & Info

Little Rock, AR

LEI: 549300Y4CEEGC4KCFI45

Tax ID: 71-0250645

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Telcoe Federal Credit Union is a smaller credit union specializing in Home Purchase and Refi loans. Telcoe Federal Credit Union has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Little Rock, Hot Springs, Fayetteville, Russellville, and Dallas among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Telcoe Federal Credit Union has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Telcoe Federal 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.37% 5/4/24
    30 Year Conventional Refi 6.41% 5/4/24
    30 Year Cash-out Refi 6.27% 5/4/24
    30 Year FHA Purchase 7.81% 5/4/24
    30 Year USDA Purchase 7.35% 5/4/24
    15 Year Conventional Purchase 5.98% 5/4/24
    15 Year Conventional Refi 5.97% 5/4/24
    15 Year Cash-out Refi 5.97% 5/4/24
    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.

    Telcoe Federal Credit Union Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Telcoe Federal 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

    144

    Origination Dollar Volume (All Markets)

    $18,900,000

    Awards

    TELCOE FEDERAL CREDIT UNION FHA Loans silver TELCOE FEDERAL CREDIT UNION 30 Year Conventional Loans gold
    Show all (2) 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
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 86 $11,580,000 $134,651 $2,846 4.88%
    HOT SPRINGS, AR (FHA|USDA|VA) 8 $2,060,000 $257,500 $4,192 4.09%
    Outside of Metro Areas 11 $1,315,000 $119,545 $2,687 4.71%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 8 $1,260,000 $157,500 $2,676 4.26%
    Russellville, AR (FHA|USDA|VA) 15 $1,185,000 $79,000 $1,945 5.12%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $335,000 $335,000 $7,366 4.38%
    Searcy, AR (FHA|USDA|VA) 4 $240,000 $60,000 $2,196 4.53%
    Batesville, AR (FHA|USDA|VA) 4 $230,000 $57,500 $1,589 5.37%
    JONESBORO, AR (FHA|USDA|VA) 1 $155,000 $155,000 $2,716 3.75%
    FORT SMITH, AR-OK (FHA|USDA|VA) 1 $145,000 $145,000 $6,161 4.25%
    Helena-West Helena, AR (FHA|USDA|VA) 1 $135,000 $135,000 $4,441 4.00%
    Granbury, TX (FHA|USDA|VA) 1 $125,000 $125,000 $3,756 4.75%
    Harrison, AR (FHA|USDA|VA) 2 $70,000 $35,000 $1,270 6.43%
    PINE BLUFF, AR (FHA|USDA|VA) 1 $65,000 $65,000 $2,876 4.38%
    Telcoe Federal Credit Union's top markets include Little Rock, Hot Springs, Fayetteville, Russellville, and Dallas among others.

    Their top states include:
  • Arkansas (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)

    • Similar Lenders

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

    ONE BANK & TRUST, NATIONAL ASS
    Similarity Rank: 189
    TELCOE FEDERAL CREDIT UNION
    Similarity Rank: 448
    ARKANSAS Federal Credit Union
    Similarity Rank: 611
    First Arkansas Bank and Trust
    Similarity Rank: 781
    First Security Bank
    Similarity Rank: 1050
    Farmers Bank & Trust Company
    Similarity Rank: 1053
    First Financial Bank
    Similarity Rank: 1950
    THE CARROLL MORTGAGE GROUP, INC.
    Similarity Rank: 2041
    Bank OZK
    Similarity Rank: 2700
    BancorpSouth
    Similarity Rank: 2928

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 108 $16,670,000 $154,352 $2,944 4.48%
    FHA 33 $1,805,000 $54,697 $2,124 5.97%
    USDA 3 $425,000 $141,667 $4,907 4.17%

    For 2018, Telcoe Federal Credit Union's most frequently originated type of loan was Conventional, with 108 originations. Their 2nd most popular type was FHA, with 33 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 75 $11,655,000 $155,400 $3,569 4.42%
    Refi 39 $5,925,000 $151,923 $2,609 4.58%
    Home Improvement 23 $545,000 $23,696 $648 6.64%
    Cash Out Refi 6 $730,000 $121,667 $2,589 4.37%
    Other 1 $45,000 $45,000 $1,443 4.25%

    For 2018, Telcoe Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 75 originations. The 2nd most popular reason was Refi, with 39 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 58 $8,690,000 $149,828 $2,773 4.59%
    30 Year 48 $7,590,000 $158,125 $3,827 4.52%
    10 Year 23 $975,000 $42,391 $999 5.97%
    20 Year 7 $1,175,000 $167,857 $3,779 4.25%
    5 Year 5 $295,000 $59,000 $611 5.19%
    Other 3 $175,000 $58,333 $1,276 5.63%

    For 2018, Telcoe Federal Credit Union's most frequently cited loan duration was 15 Year, with 58 originations. The 2nd most popular length was 30 Year, with 48 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 61 $5,185,000 $85,000
    $1k-2k 48 $5,330,000 $111,042
    $2k-3k 25 $5,315,000 $212,600
    $3k-4k 3 $925,000 $308,333
    $4k-5k 2 $810,000 $405,000
    $5k+ 1 $475,000 $475,000

    Telcoe Federal Credit Union's average total fees were $3,827, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 61 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 90 $14,220,000 $158,000
    3-4% 22 $3,250,000 $147,727
    5-6% 14 $890,000 $63,571
    6-7% 10 $180,000 $18,000
    7-8% 4 $80,000 $20,000
    Over 8% 3 $45,000 $15,000
    2.5-3% 1 $235,000 $235,000

    During 2018, Telcoe Federal Credit Union's average interest rate for loans was 4.52%, while their most frequently originated rate bucket for loans was 4-5%, with 90 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 60 $2,910,000 $48,500 $1,606 5.45%
    $100k-200k 53 $7,395,000 $139,528 $3,361 4.36%
    $200k-400k 27 $6,725,000 $249,074 $4,186 4.38%
    $400k-600k 4 $1,870,000 $467,500 $5,448 4.22%

    2018 saw Telcoe Federal Credit Union place emphasis on $100,000 or less loans with 60 originations, totaling $2,910,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 40 $4,290,000 $107,250 $2,781 4.80%
    $100k-150k 36 $5,550,000 $154,167 $2,886 4.80%
    $75k-100k 33 $3,755,000 $113,788 $2,461 4.86%
    $150k-250k 17 $3,745,000 $220,294 $3,468 4.53%
    $50k or less 16 $1,250,000 $78,125 $2,606 5.10%
    $250k+ 2 $310,000 $155,000 $2,370 4.62%

    Telcoe Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 40 originations. The second most popular income band? $100k-150k, with 36 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 56 $7,770,000 $138,750 $2,742 4.83%
    <20% 21 $2,275,000 $108,333 $1,958 4.64%
    30-36% 15 $2,035,000 $135,667 $3,116 4.79%
    36% 11 $1,345,000 $122,273 $2,654 5.27%
    37% 9 $1,345,000 $149,444 $2,067 5.00%
    40% 5 $725,000 $145,000 $4,270 4.28%
    39% 5 $415,000 $83,000 $2,980 5.18%
    44% 5 $435,000 $87,000 $3,946 4.86%
    41% 4 $300,000 $75,000 $2,281 5.23%
    43% 3 $475,000 $158,333 $4,337 4.42%
    38% 3 $655,000 $218,333 $2,550 4.46%
    50-60% 2 $190,000 $95,000 $3,644 4.63%
    42% 2 $380,000 $190,000 $2,909 4.95%
    48% 2 $440,000 $220,000 $6,100 4.19%
    49% 1 $115,000 $115,000 $3,164 4.00%

    Telcoe Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 56 originations. The next most common DTI ratio? <20%, with 21 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 123 $17,085,000 $138,902 $2,761 4.77%
    Black 17 $1,315,000 $77,353 $2,739 5.18%
    American Indian 1 $235,000 $235,000 $5,895 4.50%
    Native Hawaiian or Islander 1 $175,000 $175,000 $5,937 4.38%
    Not provided 2 $90,000 $45,000 $1,714 4.75%

    Approval Rates

    Total approvals of all applications
    99.32%

    Telcoe Federal 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 origination
    99.31%

    Telcoe Federal Credit Union has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 144 $18,900,000 $131,250

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $125,000 $125,000
    Single Family (1-4 Units):Site-Built 143 $18,775,000 $131,294

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 11 $575,000 $52,273 $1,621 5.46%
    40-60% 15 $1,755,000 $117,000 $1,909 4.68%
    60-80% 45 $7,505,000 $166,778 $3,281 4.43%
    80-100% 55 $8,555,000 $155,545 $3,540 4.48%
    Over 100% 1 $215,000 $215,000 $0 4.75%
    Under 20% 17 $295,000 $17,353 $470 6.61%