# TOWER Federal Credit Union

> **Canonical URL:** https://saferate.com/lenders/tower-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


TOWER Federal Credit Union is a credit union, headquartered in Laurel, MD, serving borrowers across 25 states, with 201 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 38% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 66% for loan approval success

## Overview

- **Institution Type:** Credit Union
- **LEI (Legal Entity Identifier):** 54930080168VA6Z8UX21
- **Headquarters:** Laurel, MD
- **Geographic Reach:** Near-National
- **States Served:** 25
- **State List:** AL, AR, AZ, CO, DC, DE, FL, GA, IL, LA, MD, ME, MI, NC, NH, NJ, NY, OH, OR, PA, SC, TN, TX, VA, WV
- **Markets (MSAs):** 3
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Strong 😀
- Score: 62/100
- Rating: ●●●●○ (4/5)

### Pull Through: Acceptable 🙂
- Score: 34/100
- Rating: ●●○○○ (2/5)

### Pricing Details
- **Average Rate Spread:** -0.310%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,925
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 201
- **Dollar Volume:** $80 million
- **Applications Received:** 427
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $398,632
- **Average Borrower Income:** $186,836
- **Average Property Value:** $563,756

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 43/100 | 196 | -0.317% | $1,921 | Sound ☺️ |

### Product Performance by Purpose

**Conventional:**
- Purchase: 146 loans, Score: 41/100 (Sound)
- Refinance: 50 loans, Score: 50/100 (Sound)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 41/100 | 150 | $60M | -0.226% | Sound ☺️ |
| Refinance | 47/100 | 51 | $21M | -0.554% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| MD | 125 | 0.18% | 71/100 |
| VA | 12 | 0.01% | 43/100 |
| FL | 11 | 0.00% | 38/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Baltimore | MD | 98 | 73/100 |
| Non |  | 22 | 34/100 |
| Washington, DC | DC-MD | 11 | 46/100 |

## Where This Lender Ranks

TOWER Federal Credit Union appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🏆 **#5** in Baltimore for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/baltimore/best-mortgage-lenders/credit-unions/conventional-loans)
- 🏆 **#6** in Baltimore Credit Unions
  - [View Full Rankings](https://saferate.com/baltimore/best-mortgage-lenders/credit-unions)

## Frequently Asked Questions

### What loan types does TOWER Federal Credit Union offer?

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

### Where does TOWER Federal Credit Union offer mortgages?

TOWER Federal Credit Union offers mortgages in 25 states: AL, AR, AZ, CO, DC, DE, FL, GA, IL, LA, MD, ME, MI, NC, NH, NJ, NY, OH, OR, PA, SC, TN, TX, VA, WV.

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

TOWER Federal Credit Union has a pricing score of 62/100 (Strong), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.310% below market average.

### What type of lender is TOWER Federal Credit Union?

TOWER Federal Credit Union is a member-owned financial cooperative that typically offers competitive rates to its members, headquartered in Laurel, MD.

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

TOWER Federal Credit Union has a pull-through score of 34/100 (Acceptable). 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/tower-federal-credit-union

### How to Cite

> "TOWER Federal Credit Union Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/tower-federal-credit-union

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