Tiaa Fsb Mortgage Rates, Fees & Info
Jacksonville, FLLEI: 5Z1UQ1CWY0DQ3KJWDQ07
Tax ID: 59-3531592
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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.
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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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
43Origination Dollar Volume (All Markets)
$538,735,000Top 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 |
|---|---|---|---|---|---|
| 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% |
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.
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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
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
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 applications100.00%
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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 43 | $538,735,000 | $12,528,721 |