Tiaa Fsb Mortgage Rates, Fees & Info

Jacksonville, FL

LEI: 5Z1UQ1CWY0DQ3KJWDQ07

Tax ID: 59-3531592

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

Jump to:

Mortgage Data

Review & Overview

Tiaa Fsb is a smaller mortgage company specializing in Cash Out Refi and Home Purchase loans. Tiaa Fsb has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Tampa, Los Angeles, Grand Rapids, and Madison among others. We have data for 30 markets. (Some data included below & more in-depth data is available with an active subscription.)

Tiaa Fsb has an above average approval rate when compared to the average across all 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 6.27% 10/30/24
30 Year Conventional Refi 6.27% 10/30/24
30 Year Cash-out Refi 6.27% 10/30/24
15 Year Conventional Purchase 5.68% 10/30/24
15 Year Conventional Refi 5.68% 10/30/24
15 Year Cash-out Refi 5.68% 10/30/24
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.

Tiaa Fsb Mortgage Calculator






Your Estimates

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

This is not an official calculator from Tiaa Fsb. 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

43

Origination Dollar Volume (All Markets)

$538,735,000

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
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 3 $126,865,000 $42,288,333 $0 3.07%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $70,675,000 $23,558,333 $0 2.38%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 3 $58,665,000 $19,555,000 $0 3.63%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $29,705,000 $29,705,000 $0 2.98%
MADISON, WI (FHA|USDA|VA) 1 $26,505,000 $26,505,000 $0 3.68%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 1 $22,005,000 $22,005,000 $0 4.44%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 2 $19,760,000 $9,880,000 $0 3.93%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $19,045,000 $19,045,000 $0 4.58%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 2 $17,410,000 $8,705,000 $0 3.39%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 2 $14,910,000 $7,455,000 $0 3.60%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $13,205,000 $13,205,000 $0 3.91%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 2 $13,010,000 $6,505,000 $0 3.52%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $12,560,000 $6,280,000 $0 3.34%
BELLINGHAM, WA (FHA|USDA|VA) 1 $11,935,000 $11,935,000 $0 3.49%
PROVO-OREM, UT (FHA|USDA|VA) 1 $11,505,000 $11,505,000 $0 3.93%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $11,475,000 $11,475,000 $0 4.40%
BLOOMINGTON, IN (FHA|USDA|VA) 1 $8,105,000 $8,105,000 $0 3.38%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $7,155,000 $7,155,000 $0 3.20%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $6,505,000 $6,505,000 $0 3.72%
COLORADO SPRINGS, CO (FHA|USDA|VA) 3 $6,015,000 $2,005,000 $0 3.38%
ANN ARBOR, MI (FHA|USDA|VA) 1 $6,005,000 $6,005,000 $0 3.65%
FRESNO, CA (FHA|USDA|VA) 1 $4,815,000 $4,815,000 $0 3.26%
CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $4,105,000 $4,105,000 $0 4.12%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $3,705,000 $3,705,000 $0 3.96%
WINCHESTER, VA-WV (FHA|USDA|VA) 1 $3,305,000 $3,305,000 $0 4.94%
EL PASO, TX (FHA|USDA|VA) 1 $2,385,000 $2,385,000 $0 3.29%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $2,325,000 $2,325,000 $0 3.11%
PINE BLUFF, AR (FHA|USDA|VA) 1 $2,205,000 $2,205,000 $0 3.35%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $2,005,000 $2,005,000 $0 3.64%
SPARTANBURG, SC (FHA|USDA|VA) 1 $865,000 $865,000 $0 3.37%
Tiaa Fsb's top markets include Dallas, Tampa, Los Angeles, Grand Rapids, and Madison among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Similar Lenders

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

    MISSION
    Similarity Rank: 30
    Charter Oak Federal Credit Union
    Similarity Rank: 42
    RED CROWN
    Similarity Rank: 52
    SAFEAMERICA CREDIT UNION
    Similarity Rank: 54
    D.W. BROWN MORTGAGE CORP.
    Similarity Rank: 59
    Thomaston Savings Bank
    Similarity Rank: 60
    MORTGAGE CLEARING CORPORATION
    Similarity Rank: 65
    HOMEFIELD
    Similarity Rank: 72
    Investors Bank
    Similarity Rank: 75

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 43 $538,735,000 $12,528,721 $0 3.52%

    For 2022, Tiaa Fsb's most frequently originated type of loan was Conventional, with 43 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 22 $245,820,000 $11,173,636 $0 3.65%
    Home Purchase 11 $233,995,000 $21,272,273 $0 3.27%
    Refi 10 $58,920,000 $5,892,000 $0 3.52%

    For 2022, Tiaa Fsb's most frequently cited loan purpose was Cash Out Refi, with 22 originations. The 2nd most popular reason was Home Purchase, with 11 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 32 $396,080,000 $12,377,500 $0 3.57%
    5 Year 4 $62,120,000 $15,530,000 $0 2.68%
    Other 4 $62,410,000 $15,602,500 $0 3.63%
    15 Year 3 $18,125,000 $6,041,667 $0 3.97%

    For 2022, Tiaa Fsb's most frequently cited loan duration was 10 Year, with 32 originations. The 2nd most popular length was 5 Year, with 4 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 30 $260,850,000 $8,695,000
    4-5% 7 $80,995,000 $11,570,714
    2.5-3% 4 $150,420,000 $37,605,000
    <2.5% 2 $46,470,000 $23,235,000

    During 2022, Tiaa Fsb's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 3-4%, with 30 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 42 $537,870,000 $12,806,429 $0 3.52%
    $600k-1MM 1 $865,000 $865,000 $0 3.37%

    2022 saw Tiaa Fsb place emphasis on $1MM+ loans with 42 originations, totaling $537,870,000 in origination value.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 43 $538,735,000 $12,528,721 $0 3.52%

    Approval Rates

    Total approvals of all applications
    100.00%

    Tiaa Fsb 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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 43 $538,735,000 $12,528,721

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    43 $538,735,000 $12,528,721

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 7 $30,225,000 $4,317,857 $0 3.63%
    40-60% 22 $382,630,000 $17,392,273 $0 3.59%
    60-80% 9 $103,655,000 $11,517,222 $0 3.27%
    Under 20% 5 $22,225,000 $4,445,000 $0 3.47%