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Teachers Federal Credit Union

Credit Union•Hauppauge, NYHQ•Direct•Reviews near you on Google

We analyzed every closed loan from Teachers Federal Credit Union — 787 loans across 1k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.

Safe Rate Ratings· each scored 1–5 against peer lenders
Pricing
Strong
4/5
vs. all lenders
Pull-through
Strong
4/5
closing strength
Product
Strong
4/5
Conventional · Jumbo
Place
Sound
3/5
Near-National · 5 mkts
Promptness
Not enough data
—/5
No quote responses measured yet
Safe Rate Awards
Conventional Superstar
Conventional
Superstar
Refinance Superstar
Refinance
Superstar

Safe Rate 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

Explore another lender or local market

Report Card

Teachers Federal Credit Union performance at a glance

Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Strong
+21.8 bps above market avg
4/5
Pull Through
Closing strength
Strong
Top 40% of lenders
4/5
By Loan Product· Specialization by type
Conventional
737 loans · 0.24% above market
Strong
Top 40% of lenders
4/5
Jumbo
49 loans · 0.09% below market
Strong
Top 40% of lenders
4/5
By Loan Purpose· Transaction purpose mix
Purchase
382 loans · 0.04% above market
Sound
Top 60% of lenders
3/5
Refinance
405 loans · 0.41% above market
Strong
Top 40% of lenders
4/5
By Location· Geographic coverage
Geographic Reach
Near-National · 6 markets
Sound
Top 60% of lenders
3/5

Loan Product Performance

Performance by Loan Product

Conventional
Overall
Strong
Product
Strong
Pricing
Strong
Pull Through
Strong
Volume737
Mix93.6%
Spread
+0.240%Above
Fees
$857Fees
Jumbo Loans
Overall
Sound
Product
Strong
Pricing
Sound
Pull Through
Sound
Volume49
Mix6.2%
Spread
-0.092%Below
Fees
$351Fees

Loan Purpose Performance

Performance by Loan Purpose

Purchase
Overall
Sound
Product
Sound
Pricing
Sound
Pull Through
Acceptable
Volume382
Mix48.5%
Spread
+0.042%Above
Fees
$1,281Fees
Refinance
Overall
Strong
Product
Strong
Pricing
Strong
Pull Through
Strong
Volume405
Mix51.5%
Spread
+0.414%Above
Fees
$316Fees

At a Glance

Lender Overview

Lending Activity
Loans Originated
787
Applications
1,198
Volume
$308 million
Pricing & Closing
Avg Rate Spread
+0.218%
vs. market APOR
Avg Net Fees
$824
Origination − Credits
Pullthrough Rate
65.7%
Applications → Closed
Typical Borrower
Avg Loan Amount
$392,370
Avg Borrower Income
$176,291
Avg Property Value
$742,230

Geographic Coverage

Geographic Performance

Metro Areas
5
markets with activity
States Served
30
of 50 states + DC
Avg Place Specialization
Sound
3/5

States with Loan Originations

30Full-year 2024 · HMDA
30 states with loan originations
Loans originated
< 1010–5050+None
Northeast6
CTMEMANJNYPA
Midwest6
ILINMIMNOHSD
South12
ALDCFLGAMDMSNCSCTNTXVAWV
West6
AZCACOHINVWA

Top Metro Areas by Place Specialization Score

1© Dicklyon · CC BY-SA 4.0
Nassau County, NYMetro
Volume 509Mix 64.68% of portfolio
90/100
Exceptional
2© Dllu · CC BY-SA 4.0
New York, NY-NJMetro
Volume 76Mix 9.66% of portfolio
63/100
Strong
3© Basil D Soufi · CC BY-SA 3.0
Oakland, CAMetro
Volume 22Mix 2.80% of portfolio
51/100
Sound
4© André Regius · CC BY-SA 3.0
Anaheim, CAMetro
Volume 17Mix 2.16% of portfolio
47/100
Sound
5© Eric Polk · CC BY-SA 4.0
Los Angeles, CAMetro
Volume 12Mix 1.52% of portfolio
41/100
Sound

Top States by Place Specialization Score

New York
New York
1
New YorkState
Volume 599Mix 76.11% of portfolio
83/100
Exceptional
California
California
2
CaliforniaState
Volume 66Mix 8.39% of portfolio
53/100
Sound
Florida
Florida
3
FloridaState
Volume 39Mix 4.96% of portfolio
47/100
Sound
New Jersey
New Jersey
4
New JerseyState
Volume 14Mix 1.78% of portfolio
42/100
Sound
Pennsylvania
Pennsylvania
5
PennsylvaniaState
Volume 11Mix 1.40% of portfolio
37/100
Acceptable

How We Rank Lenders

Our rankings use an equal-weight average of scores across the 5 Ps — Pricing, Product, Pull-Through, and Place — with lender promptness blending in as the fifth once a lender has responded to real shopper quote requests.

Our Point System (Max 50 Points)

10/ 50 pts
Pricing
How competitively a lender prices vs. the market benchmark (20%).
10/ 50 pts
Product
Performance on your specific loan type (20%).
10/ 50 pts
Pull Through
How reliably a lender closes the loans it starts (20%).
10/ 50 pts
Place
Depth of a lender's expertise in your local market (20%).
10/ 50 pts
Promptness
How quickly a lender answers real quote requests — blended in once they respond (20%).
Champion
Champion(80%+ = 40-50 points)
Superstar
Superstar(60-79% = 30-39 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.