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TEACHERS FEDERAL CREDIT UNION
Credit Union|Hauppauge, NY|Near-National
Loans Originated
787
Applications
1,198
Volume
$308 million
Offers loans directly to consumers
Overall Pricing
Strong
Overall Pull Through
Strong
Safe Rate Awards⭐Conventional Superstar⭐Refinance Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.218%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$824
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
65.7%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Competitive pricing compared to the market
- Lower than average lender fees
- Strong pull through performance
- Particularly strong in Conventional and Jumbo loans
- Nationwide availability with consistent service
Report Card
TEACHERS FEDERAL CREDIT UNION performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Strong | Highly Competitive | |
Pull Through Closing Strength | Strong | Highly Competitive | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
Jumbo | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Sound | Industry Standard | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Sound | Near-National · 6 metro areas · 30 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$392,370
Average Borrower Income
$176,291
Average Property Value
$742,230
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Strong | Strong | Strong | Strong | 737 | 93.6% | +0.240% | $857 |
Jumbo Loans | Sound | Strong | Sound | Sound | 49 | 6.2% | -0.092% | $351 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Sound | Sound | Acceptable | 382 | 48.5% | +0.042% | $1,281 |
Refinance | Strong | Strong | Strong | Strong | 405 | 51.5% | +0.414% | $316 |
Geographic Coverage
Metro Areas
5
States Served
30
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
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Top Metro Areas by Place Specialization Score
1
Nassau County, NYMSA
Volume: 509Mix: 64.68%
Place Specialization
Exceptional
2
New York, NY-NJMSA
Volume: 76Mix: 9.66%
Place Specialization
Strong
3
Oakland, CAMSA
Volume: 22Mix: 2.80%
Place Specialization
Sound
4
Anaheim, CAMSA
Volume: 17Mix: 2.16%
Place Specialization
Sound
5
Los Angeles, CAMSA
Volume: 12Mix: 1.52%
Place Specialization
Sound
Top States by Place Specialization Score
1
NYState
Volume: 599Mix: 76.11%
Place Specialization
Exceptional
2
CAState
Volume: 66Mix: 8.39%
Place Specialization
Sound
3
FLState
Volume: 39Mix: 4.96%
Place Specialization
Sound
4
NJState
Volume: 14Mix: 1.78%
Place Specialization
Sound
5
PAState
Volume: 11Mix: 1.40%
Place Specialization
Acceptable
How We Rank Lenders
Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.
Our Point System (Max 30 Points)
10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
⭐
Superstar(60-79% = 18-23 points)
Data Integrity & Updates
Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.
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