# Texas Tech Federal Credit Union

> **Canonical URL:** https://saferate.com/lenders/texas-tech-federal-credit-union


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


Texas Tech Federal Credit Union is a credit union, headquartered in Lubbock, TX, serving borrowers across 8 states, with 825 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 34% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 12% for loan approval success

## Overview

- **Institution Type:** Credit Union
- **LEI (Legal Entity Identifier):** 549300U2B1ZNGX3H8U54
- **Headquarters:** Lubbock, TX
- **Geographic Reach:** Multi-Region
- **States Served:** 8
- **State List:** AL, AR, FL, NM, SC, SD, TX, WA
- **Markets (MSAs):** 4
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Strong 😀
- Score: 66/100
- Rating: ●●●●○ (4/5)

### Pull Through: Exceptional 🤩
- Score: 88/100
- Rating: ●●●●● (5/5)

### Pricing Details
- **Average Rate Spread:** +0.233%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,614
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 825
- **Dollar Volume:** $204 million
- **Applications Received:** 996
- **Market Share:** 2.00%

## Typical Borrower Profile

- **Average Loan Amount:** $247,788
- **Average Borrower Income:** $141,152
- **Average Property Value:** $295,982

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (70%)
- ⭐ **FHA Gold Superstar** (77%)
- ⭐ **VA Gold Superstar** (77%)
- ⭐ **Purchase Gold Superstar** (77%)
- ⭐ **Refinance Gold Superstar** (63%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 75/100 | 520 | +0.208% | $1,645 | Strong 😀 |
| FHA | 78/100 | 254 | +0.363% | $1,598 | Strong 😀 |
| VA | 71/100 | 47 | -0.282% | $1,291 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 467 loans, Score: 75/100 (Strong)
- Refinance: 53 loans, Score: 64/100 (Strong)

**FHA:**
- Purchase: 254 loans, Score: 78/100 (Strong)

**VA:**
- Purchase: 47 loans, Score: 71/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 77/100 | 772 | $191M | +0.236% | Strong 😀 |
| Refinance | 64/100 | 53 | $14M | +0.194% | Strong 😀 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| TX | 812 | 0.23% | 82/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Lubbock, TX | TX | 589 | 100/100 |
| Amarillo, TX | TX | 143 | 79/100 |
| Non |  | 54 | 42/100 |
| Dallas | TX | 10 | 38/100 |

## Where This Lender Ranks

Texas Tech Federal Credit Union appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in Texas for VA Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/texas/best-mortgage-lenders/credit-unions/va-loans)
- 🥇 **#1** in Lubbock, TX
  - [View Full Rankings](https://saferate.com/lubbock-tx/best-mortgage-lenders)
- 🥇 **#1** in Lubbock, TX for FHA Loans
  - [View Full Rankings](https://saferate.com/lubbock-tx/best-mortgage-lenders/fha-loans)
- 🥇 **#1** in Lubbock, TX for VA Loans
  - [View Full Rankings](https://saferate.com/lubbock-tx/best-mortgage-lenders/va-loans)
- 🥇 **#1** in Lubbock, TX for VA Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/lubbock-tx/best-mortgage-lenders/credit-unions/va-loans)
- 🥈 **#2** in Texas for FHA Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/texas/best-mortgage-lenders/credit-unions/fha-loans)
- 🥈 **#2** in Lubbock, TX for Conventional Loans
  - [View Full Rankings](https://saferate.com/lubbock-tx/best-mortgage-lenders/conventional-loans)
- 🥈 **#2** in Lubbock, TX for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/lubbock-tx/best-mortgage-lenders/credit-unions/conventional-loans)
- 🥈 **#2** in Amarillo, TX for FHA Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/amarillo-tx/best-mortgage-lenders/credit-unions/fha-loans)
- 🥈 **#2** in Amarillo, TX for VA Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/amarillo-tx/best-mortgage-lenders/credit-unions/va-loans)
- 🥉 **#3** in Texas Credit Unions
  - [View Full Rankings](https://saferate.com/texas/best-mortgage-lenders/credit-unions)
- 🥉 **#3** in Amarillo, TX Credit Unions
  - [View Full Rankings](https://saferate.com/amarillo-tx/best-mortgage-lenders/credit-unions)
- 🥉 **#3** in Amarillo, TX for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/amarillo-tx/best-mortgage-lenders/credit-unions/conventional-loans)
- 🥉 **#3** in Amarillo, TX for VA Loans
  - [View Full Rankings](https://saferate.com/amarillo-tx/best-mortgage-lenders/va-loans)
- 🏆 **#4** in Amarillo, TX
  - [View Full Rankings](https://saferate.com/amarillo-tx/best-mortgage-lenders)
- 🏆 **#4** in Amarillo, TX for FHA Loans
  - [View Full Rankings](https://saferate.com/amarillo-tx/best-mortgage-lenders/fha-loans)
- 🏆 **#5** in Amarillo, TX for Conventional Loans
  - [View Full Rankings](https://saferate.com/amarillo-tx/best-mortgage-lenders/conventional-loans)
- 🏆 **#6** in Texas
  - [View Full Rankings](https://saferate.com/texas/best-mortgage-lenders)
- 🏆 **#6** in Texas for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/texas/best-mortgage-lenders/credit-unions/conventional-loans)
- 🏆 **#13** in Texas for FHA Loans
  - [View Full Rankings](https://saferate.com/texas/best-mortgage-lenders/fha-loans)

## Frequently Asked Questions

### What loan types does Texas Tech Federal Credit Union offer?

Texas Tech Federal Credit Union offers the following mortgage loan types: FHA, Conventional, VA. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does Texas Tech Federal Credit Union offer mortgages?

Texas Tech Federal Credit Union offers mortgages in 8 states: AL, AR, FL, NM, SC, SD, TX, WA.

### How competitive are Texas Tech Federal Credit Union's mortgage rates?

Texas Tech Federal Credit Union has a pricing score of 66/100 (Strong), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.233% above market average.

### What type of lender is Texas Tech Federal Credit Union?

Texas Tech Federal Credit Union is a member-owned financial cooperative that typically offers competitive rates to its members, headquartered in Lubbock, TX.

### What is Texas Tech Federal Credit Union's loan approval success rate?

Texas Tech Federal Credit Union has a pull-through score of 88/100 (Exceptional). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/texas-tech-federal-credit-union

### How to Cite

> "Texas Tech Federal Credit Union Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/texas-tech-federal-credit-union

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