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 (well, only) market is San Antonio.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.
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Originations
31Origination Dollar Volume (All Markets)
$2,815,000Top 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) | 31 | $2,815,000 | $90,806 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 31 | $2,815,000 | $90,806 | $0 | 0.00% |
For 2020, River City Federal Credit Union's most frequently originated type of loan was Conventional, with 31 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 12 | $1,320,000 | $110,000 | $0 | 0.00% |
| Cash Out Refi | 11 | $755,000 | $68,636 | $0 | 0.00% |
| Home Improvement | 8 | $740,000 | $92,500 | $0 | 0.00% |
For 2020, River City Federal Credit Union's most frequently cited loan purpose was Refi, with 12 originations. The 2nd most popular reason was Cash Out Refi, with 11 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 31 | $2,815,000 | $90,806 | $0 | 0.00% |
For 2020, River City Federal Credit Union's most frequently cited loan duration was Other, with 31 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 19 | $1,205,000 | $63,421 | $0 | 0.00% |
| $100k-200k | 12 | $1,610,000 | $134,167 | $0 | 0.00% |
2020 saw River City Federal Credit Union place emphasis on $100,000 or less loans with 19 originations, totaling $1,205,000 in origination value.
Applicant Income
River City Federal Credit Union lent most frequently to those with incomes in the $50k or less range, with 11 originations. The second most popular income band? $50k-75k, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 31 | $2,815,000 | $90,806 | $0 | 0.00% |
River City Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 31 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications80.00%
River City Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination19.35%
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 | 31 | $2,815,000 | $90,806 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 31 | $2,815,000 | $90,806 |
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Reverse Mortgage Solutions, Inc. | Reverse mortgage | Trouble during payment process | 15 | 45.5% |
| Reverse Mortgage Solutions, Inc. | Home equity loan or line of credit (HELOC) | Trouble during payment process | 2 | 6.1% |
| Reverse Mortgage Solutions, Inc. | Reverse mortgage | Applying for a mortgage or refinancing an existing mortgage | 4 | 12.1% |
| Reverse Mortgage Solutions, Inc. | Reverse mortgage | Closing on a mortgage | 2 | 6.1% |
| Reverse Mortgage Solutions, Inc. | Reverse mortgage | Struggling to pay mortgage | 6 | 18.2% |
| Reverse Mortgage Solutions, Inc. | Conventional home mortgage | Struggling to pay mortgage | 3 | 9.1% |
| Reverse Mortgage Solutions, Inc. | FHA mortgage | Struggling to pay mortgage | 1 | 3.0% |