River City Federal Credit Union Mortgage Rates, Fees & Info
San Antonio, TXLEI: 254900UQIE22KBNLG837
Tax ID: 74-1110061
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Mortgage Data
Review & Overview
River City Federal Credit Union is a smaller credit union specializing in Refi, Cash Out Refi, and Home Improvement loans. River City Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: San Antonio, Dallas, Eagle Pass, Fredericksburg, and Mcallen among others. We have data for 6 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 a below average pick rate when compared to similar lenders.
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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.72% | 5/30/25 |
| 15 Year Conventional Purchase | 6.00% | 5/30/25 |
| 15 Year Conventional Refi | 6.49% | 5/30/25 |
| 15 Year Cash-out Refi | 6.49% | 5/30/25 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
River City Federal Credit Union Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
68Origination Dollar Volume (All Markets)
$5,920,000Top Markets
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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) | 63 | $5,505,000 | $87,381 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Eagle Pass, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| Fredericksburg, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| LAREDO, TX (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 68 | $5,920,000 | $87,059 | $0 | 0.00% |
For 2019, River City Federal Credit Union's most frequently originated type of loan was Conventional, with 68 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 27 | $2,605,000 | $96,481 | $0 | 0.00% |
| Cash Out Refi | 25 | $1,635,000 | $65,400 | $0 | 0.00% |
| Home Improvement | 16 | $1,680,000 | $105,000 | $0 | 0.00% |
For 2019, River City Federal Credit Union's most frequently cited loan purpose was Refi, with 27 originations. The 2nd most popular reason was Cash Out Refi, with 25 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 68 | $5,920,000 | $87,059 | $0 | 0.00% |
For 2019, River City Federal Credit Union's most frequently cited loan duration was Other, with 68 originations.
Loan Sizing
2019 saw River City Federal Credit Union place emphasis on $100,000 or less loans with 50 originations, totaling $3,070,000 in origination value.
Applicant Income
River City Federal Credit Union lent most frequently to those with incomes in the $50k or less range, with 27 originations. The second most popular income band? $50k-75k, with 18 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 68 | $5,920,000 | $87,059 | $0 | 0.00% |
River City Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 68 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.82%
River City Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination61.76%
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 |
|---|---|---|---|
| Exempt | 68 | $5,920,000 | $87,059 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 68 | $5,920,000 | $87,059 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Reverse Mortgage Solutions, Inc. | Reverse mortgage | Trouble during payment process | 30 | 49.2% |
| Reverse Mortgage Solutions, Inc. | Conventional home mortgage | Trouble during payment process | 3 | 4.9% |
| Reverse Mortgage Solutions, Inc. | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 1 | 1.6% |
| Reverse Mortgage Solutions, Inc. | Other type of mortgage | Trouble during payment process | 1 | 1.6% |
| Reverse Mortgage Solutions, Inc. | Reverse mortgage | Applying for a mortgage or refinancing an existing mortgage | 4 | 6.6% |
| Reverse Mortgage Solutions, Inc. | Reverse mortgage | Closing on a mortgage | 10 | 16.4% |
| Reverse Mortgage Solutions, Inc. | Reverse mortgage | Struggling to pay mortgage | 10 | 16.4% |
| Reverse Mortgage Solutions, Inc. | Conventional home mortgage | Struggling to pay mortgage | 2 | 3.3% |