Telcoe Federal Credit Union Mortgage Rates, Fees & Info
Little Rock, ARLEI: 549300Y4CEEGC4KCFI45
Tax ID: 71-0250645
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Mortgage Data
Review & Overview
Telcoe Federal Credit Union is a smaller credit union specializing in Home Purchase, Refi, and Cash Out Refi loans. Telcoe Federal Credit Union has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Little Rock, Russellville, Fayetteville, Harrison, and Hot Springs among others. We have data for 24 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.37% | 4/28/24 |
| 30 Year Conventional Refi | 6.41% | 4/28/24 |
| 30 Year Cash-out Refi | 6.27% | 4/28/24 |
| 30 Year FHA Purchase | 7.81% | 4/28/24 |
| 30 Year USDA Purchase | 7.35% | 4/28/24 |
| 15 Year Conventional Purchase | 5.98% | 4/28/24 |
| 15 Year Conventional Refi | 5.97% | 4/28/24 |
| 15 Year Cash-out Refi | 5.97% | 4/28/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
271Origination Dollar Volume (All Markets)
$48,295,000Awards
TELCOE FEDERAL CREDIT UNION - 2021
TELCOE FEDERAL CREDIT UNION is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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) | 175 | $30,735,000 | $175,629 | $3,604 | 2.89% |
| Outside of Metro Areas | 15 | $2,525,000 | $168,333 | $3,664 | 2.77% |
| Russellville, AR (FHA|USDA|VA) | 18 | $2,230,000 | $123,889 | $2,708 | 2.91% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 10 | $1,980,000 | $198,000 | $4,406 | 2.75% |
| Harrison, AR (FHA|USDA|VA) | 8 | $1,640,000 | $205,000 | $3,987 | 2.78% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 8 | $1,450,000 | $181,250 | $4,030 | 2.89% |
| PINE BLUFF, AR (FHA|USDA|VA) | 7 | $1,015,000 | $145,000 | $3,740 | 3.07% |
| Batesville, AR (FHA|USDA|VA) | 7 | $935,000 | $133,571 | $3,505 | 2.75% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $825,000 | $825,000 | $8,328 | 2.50% |
| Searcy, AR (FHA|USDA|VA) | 4 | $710,000 | $177,500 | $3,222 | 3.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $6,019 | 3.00% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $11,603 | 2.75% |
| Mountain Home, AR (FHA|USDA|VA) | 4 | $600,000 | $150,000 | $3,643 | 2.66% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $10,887 | 2.75% |
| GRANTS PASS, OR (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $8,276 | 3.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $5,876 | 2.38% |
| Branson, MO (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,921 | 2.75% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,380 | 2.38% |
| Malvern, AR (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $6,719 | 3.25% |
| Paragould, AR (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,962 | 2.38% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,091 | 2.75% |
| Camden, AR (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,194 | 2.63% |
| OCALA, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,655 | 2.38% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,220 | 3.00% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 260 | $46,720,000 | $179,692 | $3,695 | 2.83% |
| FHA | 9 | $1,285,000 | $142,778 | $4,940 | 3.91% |
| USDA | 2 | $290,000 | $145,000 | $4,455 | 3.25% |
For 2021, Telcoe Federal Credit Union's most frequently originated type of loan was Conventional, with 260 originations. Their 2nd most popular type was FHA, with 9 originations.
Loan Reason
For 2021, Telcoe Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 93 originations. The 2nd most popular reason was Refi, with 90 originations.
Loan Duration/Length
For 2021, Telcoe Federal Credit Union's most frequently cited loan duration was 30 Year, with 132 originations. The 2nd most popular length was 15 Year, with 101 originations.
Origination Fees/Closing Costs
Telcoe Federal Credit Union's average total fees were $4,109, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 104 originations.
Interest Rates
During 2021, Telcoe Federal Credit Union's average interest rate for loans was 2.83%, while their most frequently originated rate bucket for loans was 2.5-3%, with 133 originations.
Loan Sizing
2021 saw Telcoe Federal Credit Union place emphasis on $100k-200k loans with 135 originations, totaling $19,315,000 in origination value.
Applicant Income
Telcoe Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 66 originations. The second most popular income band? $100k-150k, with 58 originations.
Applicant Debt to Income Ratio
Telcoe Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 87 originations. The next most common DTI ratio? <20%, with 50 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.11%
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 origination92.62%
Telcoe Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 271 | $48,295,000 | $178,210 |