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
  • Complaints
  • 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 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, Austin, 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 an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders. They typically have relatively high rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    80

    Origination Dollar Volume (All Markets)

    $6,040,000

    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) 77 $5,605,000 $72,792 $1,853 4.41%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $380,000 $190,000 $2,319 4.15%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $55,000 $55,000 $806 5.00%
    River City Federal Credit Union's top markets include San Antonio, Austin, 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 80 $6,040,000 $75,500 $1,852 4.41%

    For 2018, River City Federal Credit Union's most frequently originated type of loan was Conventional, with 80 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 62 $4,930,000 $79,516 $2,061 4.33%
    Home Improvement 13 $625,000 $48,077 $861 4.48%
    Home Purchase 3 $335,000 $111,667 $0 5.58%
    Refi 2 $150,000 $75,000 $996 4.58%

    For 2018, River City Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 62 originations. The 2nd most popular reason was Home Improvement, with 13 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 48 $4,520,000 $94,167 $2,319 4.36%
    10 Year 23 $995,000 $43,261 $1,134 4.46%
    5 Year 6 $190,000 $31,667 $701 4.02%
    30 Year 3 $335,000 $111,667 $0 5.58%

    For 2018, River City Federal Credit Union's most frequently cited loan duration was 15 Year, with 48 originations. The 2nd most popular length was 10 Year, with 23 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 33 $2,845,000 $86,212
    4-5% 31 $1,815,000 $58,548
    5-6% 16 $1,380,000 $86,250

    During 2018, River City Federal Credit Union's average interest rate for loans was 5.58%, while their most frequently originated rate bucket for loans was 3-4%, with 33 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 65 $3,705,000 $57,000 $1,462 4.41%
    $100k-200k 13 $1,865,000 $143,462 $4,062 4.44%
    $200k-400k 2 $470,000 $235,000 $1,573 4.15%

    2018 saw River City Federal Credit Union place emphasis on $100,000 or less loans with 65 originations, totaling $3,705,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 32 $1,920,000 $60,000 $1,254 4.12%
    $50k-75k 20 $1,570,000 $78,500 $2,406 4.57%
    $75k-100k 13 $1,225,000 $94,231 $3,045 4.41%
    $100k-150k 11 $825,000 $75,000 $1,150 4.68%
    $150k-250k 4 $500,000 $125,000 $1,623 5.15%

    River City Federal Credit Union lent most frequently to those with incomes in the $50k or less range, with 32 originations. The second most popular income band? $50k-75k, with 20 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 20 $1,460,000 $73,000 $2,524 4.47%
    20-30% 18 $1,420,000 $78,889 $2,141 4.34%
    44% 5 $345,000 $69,000 $2,638 4.43%
    39% 5 $485,000 $97,000 $1,211 4.34%
    42% 4 $310,000 $77,500 $1,191 4.21%
    38% 4 $240,000 $60,000 $826 4.50%
    41% 4 $330,000 $82,500 $2,457 4.74%
    43% 4 $210,000 $52,500 $685 4.80%
    36% 3 $325,000 $108,333 $1,048 4.78%
    40% 3 $175,000 $58,333 $755 4.45%
    >60% 2 $190,000 $95,000 $802 4.63%
    37% 2 $180,000 $90,000 $1,824 4.15%
    <20% 2 $90,000 $45,000 $832 3.95%
    47% 1 $165,000 $165,000 $2,196 4.00%
    49% 1 $15,000 $15,000 $300 3.20%
    50-60% 1 $55,000 $55,000 $732 3.75%
    45% 1 $45,000 $45,000 $919 4.40%

    River City Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 20 originations. The next most common DTI ratio? 20-30%, with 18 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 69 $5,195,000 $75,290 $1,564 4.41%
    Black 4 $410,000 $102,500 $2,411 4.58%
    American Indian 5 $345,000 $69,000 $5,840 4.35%
    Not provided 2 $90,000 $45,000 $672 4.30%

    Approval Rates

    Total approvals of all applications
    77.19%

    River City Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    91.25%

    River City Federal Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 80 $6,040,000 $75,500

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 2 $50,000 $25,000
    Single Family (1-4 Units):Site-Built 78 $5,990,000 $76,795

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 17 $1,055,000 $62,059 $1,821 4.62%
    40-60% 22 $1,330,000 $60,455 $2,227 4.48%
    60-80% 25 $2,765,000 $110,600 $2,058 4.29%
    80-100% 9 $635,000 $70,556 $1,056 4.20%
    Under 20% 7 $255,000 $36,429 $848 4.38%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    REVERSE MORTGAGE USA, INC. Reverse mortgage Struggling to pay mortgage 1 50.0%
    REVERSE MORTGAGE USA, INC. Reverse mortgage Closing on a mortgage 1 50.0%