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 score and performance metrics.

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 an overall pricing score of 65.6/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is Texas Tech Federal Credit Union?

Texas Tech Federal Credit Union is a Credit Union headquartered in Lubbock, TX.

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Texas Tech Federal Credit Union

Credit Union•Lubbock, TXHQ•Direct•Reviews near you on Google

We analyzed every closed loan from Texas Tech Federal Credit Union — 825 loans across 996 applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.

Ratings· each scored 1–5 against peer lenders

Pricing

Strong

4/5

vs. all lenders

Pull-through

Exceptional

5/5

closing strength

Product

Strong

4/5

FHA · Conventional · VA

Place

Strong

4/5

Multi-Region · 3 mkts

Awards

FHA

Champion

Conventional

Superstar

Purchase

Superstar

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 FHA and VA loans

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Report Card

Texas Tech Federal Credit Union performance at a glance

Overall Performance· Pricing & closing strength

Pricing

Rate competitiveness

Strong

+23.3 bps above market avg

Pull Through

Closing strength

Exceptional

Top 20% of lenders

By Loan Product· Specialization by type

Conventional

Strong

Top 40% of lenders

FHA

Strong

Top 40% of lenders

Strong

Top 40% of lenders

By Loan Purpose· Transaction purpose mix

Purchase

Strong

Top 40% of lenders

Refinance

Strong

Top 40% of lenders

By Location· Geographic coverage

Geographic Reach

Multi-Regional · 4 markets

Strong

Top 40% of lenders

Loan Product Performance

Performance by Loan Product

Loan Type	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Conventional	Strong	Strong	Sound	Exceptional	520	63.0%	+0.208%Above	$1,645Fees
FHA Loans	Strong	Strong	Strong	Exceptional	254	30.8%	+0.363%Above	$1,598Fees
VA Loans	Strong	Strong	Strong	Exceptional	47	5.7%	-0.282%Below	$1,291Fees

Conventional

Overall

Strong

Product

Strong

Pricing

Sound

Pull Through

Exceptional

Volume520

Mix63.0%

Spread

+0.208%Above

Fees

$1,645Fees

FHA Loans

Overall

Strong

Product

Strong

Pricing

Strong

Pull Through

Exceptional

Volume254

Mix30.8%

Spread

+0.363%Above

Fees

$1,598Fees

VA Loans

Overall

Strong

Product

Strong

Pricing

Strong

Pull Through

Exceptional

Volume47

Mix5.7%

Spread

-0.282%Below

Fees

$1,291Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Strong	Strong	Strong	Exceptional	772	93.6%	+0.236%Above	$1,613Fees
Refinance	Sound	Strong	Acceptable	Exceptional	53	6.4%	+0.194%Above	$1,627Fees

Purchase

Overall

Strong

Product

Strong

Pricing

Strong

Pull Through

Exceptional

Volume772

Mix93.6%

Spread

+0.236%Above

Fees

$1,613Fees

Refinance

Overall

Sound

Product

Strong

Pricing

Acceptable

Pull Through

Exceptional

Volume53

Mix6.4%

Spread

+0.194%Above

Fees

$1,627Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

825

Applications

996

Volume

$204 million

Pricing & Closing

Avg Rate Spread

+0.233%

vs. market APOR

Avg Net Fees

$1,614

Origination − Credits

Pullthrough Rate

82.8%

Applications → Closed

Typical Borrower

Avg Loan Amount

$247,788

Avg Borrower Income

$141,152

Avg Property Value

$295,982

Geographic Coverage

Geographic Performance

Metro Areas

markets with activity

States Served

of 50 states + DC

Avg Place Specialization

Strong

4/5

States with Loan Originations

Midwest1

South5

ALARFLSCTX

West2

NMWA

Top Metro Areas by Place Specialization Score

Lubbock, TXMetro

Volume 589Mix 71.39% of portfolio

100/100

Exceptional

Amarillo, TXMetro

Volume 143Mix 17.33% of portfolio

79/100

Strong

Dallas, TXMetro

Volume 10Mix 1.21% of portfolio

38/100

Acceptable

Top States by Place Specialization Score

TexasState

Volume 812Mix 98.42% of portfolio

82/100

Exceptional

How We Rank Lenders

Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.

Our Point System (Max 30 Points)

10/ 30 pts

Pricing

Rate and fee competitiveness (33%)

10/ 30 pts

Pull Through

Reliability in closing loans (33%)

10/ 30 pts

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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The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.

No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.

HMDA 2024Built using publicly available originated loan data from the federal government.

Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.