River City Federal Credit Union Mortgage Rates, Fees & Info

San Antonio, TX

LEI: 254900UQIE22KBNLG837

Tax ID: 74-1110061

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    River City Federal Credit Union is a smaller credit union specializing in Other, Refi, and Cash Out Refi loans. River City Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: San Antonio, Eagle Pass, and Dallas among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

    River City Federal Credit Union has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

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    Originations

    69

    Origination Dollar Volume (All Markets)

    $7,965,000

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 67 $7,785,000 $116,194 $1,320 6.13%
    Eagle Pass, TX (FHA|USDA|VA) 1 $135,000 $135,000 $0 6.00%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $45,000 $45,000 $0 6.50%
    River City Federal Credit Union's top markets include San Antonio, Eagle Pass, and Dallas among others.

    Their top states include:
  • Texas (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 69 $7,965,000 $115,435 $1,320 6.13%

    For 2023, River City Federal Credit Union's most frequently originated type of loan was Conventional, with 69 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 33 $3,335,000 $101,061 $1,284 6.23%
    Refi 14 $1,820,000 $130,000 $1,360 6.16%
    Cash Out Refi 12 $2,030,000 $169,167 $1,976 6.08%
    Home Improvement 10 $780,000 $78,000 $774 5.83%

    For 2023, River City Federal Credit Union's most frequently cited loan purpose was Other, with 33 originations. The 2nd most popular reason was Refi, with 14 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 53 $6,715,000 $126,698 $1,430 6.13%
    10 Year 16 $1,250,000 $78,125 $882 6.16%

    For 2023, River City Federal Credit Union's most frequently cited loan duration was 15 Year, with 53 originations. The 2nd most popular length was 10 Year, with 16 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 25 $2,725,000 $109,000

    River City Federal Credit Union's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 25 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 35 $3,705,000 $105,857
    5-6% 33 $4,105,000 $124,394
    4-5% 1 $155,000 $155,000

    During 2023, River City Federal Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 6-7%, with 35 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 37 $2,345,000 $63,378 $625 6.20%
    $100k-200k 24 $3,300,000 $137,500 $1,898 6.03%
    $200k-400k 7 $1,915,000 $273,571 $2,947 6.18%
    $400k-600k 1 $405,000 $405,000 $0 5.75%

    2023 saw River City Federal Credit Union place emphasis on $100,000 or less loans with 37 originations, totaling $2,345,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 16 $1,590,000 $99,375 $719 6.05%
    $100k-150k 13 $1,355,000 $104,231 $929 6.38%
    $75k-100k 13 $1,005,000 $77,308 $1,182 6.02%
    $150k-250k 9 $1,095,000 $121,667 $1,338 6.06%
    $250k+ 9 $2,045,000 $227,222 $2,642 6.00%
    $50k or less 9 $875,000 $97,222 $1,354 6.31%

    River City Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 16 originations. The second most popular income band? $100k-150k, with 13 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 15 $1,955,000 $130,333 $1,152 6.17%
    <20% 10 $1,210,000 $121,000 $1,874 5.95%
    30-36% 10 $800,000 $80,000 $498 6.13%
    50-60% 6 $750,000 $125,000 $1,254 6.38%
    36% 6 $730,000 $121,667 $1,959 6.00%
    39% 4 $550,000 $137,500 $1,822 6.13%
    40% 3 $475,000 $158,333 $0 6.08%
    41% 3 $175,000 $58,333 $589 6.42%
    38% 3 $315,000 $105,000 $564 6.08%
    44% 3 $245,000 $81,667 $714 6.00%
    42% 2 $240,000 $120,000 $1,827 5.88%
    47% 2 $220,000 $110,000 $2,194 6.25%
    45% 1 $75,000 $75,000 $0 6.75%
    43% 1 $225,000 $225,000 $0 6.50%

    River City Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 15 originations. The next most common DTI ratio? <20%, with 10 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 64 $7,070,000 $110,469 $1,263 6.13%
    Asian 1 $405,000 $405,000 $0 5.75%
    Black 2 $390,000 $195,000 $3,388 6.13%
    American Indian 1 $75,000 $75,000 $0 6.75%
    Not provided 1 $25,000 $25,000 $564 6.25%

    Approval Rates

    Total approvals of all applications
    58.50%

    River City Federal Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    42.03%

    River City Federal Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 69 $7,965,000 $115,435

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    69 $7,965,000 $115,435

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 20 $2,000,000 $100,000 $1,196 6.15%
    40-60% 13 $1,405,000 $108,077 $1,365 6.15%
    60-80% 20 $3,290,000 $164,500 $1,388 6.00%
    80-100% 1 $365,000 $365,000 $3,388 5.75%
    Under 20% 15 $905,000 $60,333 $809 6.30%