River Valley Credit Union Mortgage Rates, Fees & Info

MIAMISBURG, OH

LEI: 5493001D5DXR1S70P689

Tax ID: 31-0547898

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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 Valley Credit Union is a smaller credit union specializing in Refi loans. River Valley Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Dayton, Cincinnati, Wilmington, Springfield, and Columbus among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    River Valley Credit Union has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. River Valley Credit Union is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 7.12% 11/22/24
    30 Year Conventional Refi 6.79% 11/22/24
    30 Year Cash-out Refi 7.05% 11/22/24
    15 Year Conventional Purchase 6.12% 11/22/24
    15 Year Conventional Refi 5.71% 11/22/24
    15 Year Cash-out Refi 5.71% 11/22/24
    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 Valley Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from River Valley Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    136

    Origination Dollar Volume (All Markets)

    $18,440,000

    Awards

    RIVER VALLEY CREDIT UNION 30 Year Conventional Loans silver RIVER VALLEY CREDIT UNION 30 Year Conventional Loans gold RIVER VALLEY CREDIT UNION 30 Year Conventional Loans silver
    Show all (3) awards

    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
    DAYTON-KETTERING, OH (FHA|USDA|VA) 80 $10,760,000 $134,500 $1,418 3.05%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 45 $6,165,000 $137,000 $1,632 3.19%
    Outside of Metro Areas 4 $690,000 $172,500 $2,356 3.16%
    Wilmington, OH (FHA|USDA|VA) 3 $255,000 $85,000 $1,172 2.63%
    SPRINGFIELD, OH (FHA|USDA|VA) 2 $220,000 $110,000 $1,619 3.75%
    COLUMBUS, OH (FHA|USDA|VA) 1 $215,000 $215,000 $1,135 2.63%
    Greenville, OH (FHA|USDA|VA) 1 $135,000 $135,000 $1,060 2.88%
    River Valley Credit Union's top markets include Dayton, Cincinnati, Wilmington, Springfield, and Columbus among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against RIVER VALLEY CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Day Air Credit Union, Inc
    Similarity Rank: 264
    The North Side Bank & Trust Company
    Similarity Rank: 350
    Greenville Federal
    Similarity Rank: 405
    CINFED Federal Credit Union
    Similarity Rank: 651
    First State Bank
    Similarity Rank: 770
    Sharefax Credit Union
    Similarity Rank: 936
    Somerville Bank
    Similarity Rank: 1152
    Central Bank
    Similarity Rank: 1218
    COMMONWEALTH
    Similarity Rank: 1425
    TELHIO
    Similarity Rank: 1750

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 136 $18,440,000 $135,588 $1,510 3.10%

    For 2020, River Valley Credit Union's most frequently originated type of loan was Conventional, with 136 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 96 $13,520,000 $140,833 $1,410 3.01%
    Cash Out Refi 30 $3,580,000 $119,333 $1,681 3.18%
    Home Purchase 10 $1,340,000 $134,000 $2,007 3.71%

    For 2020, River Valley Credit Union's most frequently cited loan purpose was Refi, with 96 originations. The 2nd most popular reason was Cash Out Refi, with 30 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 52 $6,850,000 $131,731 $1,183 2.95%
    Other 33 $3,505,000 $106,212 $1,089 2.79%
    30 Year 31 $5,615,000 $181,129 $2,270 3.68%
    10 Year 10 $1,230,000 $123,000 $1,486 2.63%
    20 Year 9 $1,185,000 $131,667 $2,372 3.64%
    5 Year 1 $55,000 $55,000 $960 3.13%

    For 2020, River Valley Credit Union's most frequently cited loan duration was 15 Year, with 52 originations. The 2nd most popular length was Other, with 33 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 133 $18,065,000 $135,827
    $1k-2k 3 $375,000 $125,000

    River Valley Credit Union's average total fees were $2,270, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 133 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 58 $7,790,000 $134,310
    3-4% 55 $8,135,000 $147,909
    <2.5% 17 $1,805,000 $106,176
    4-5% 6 $710,000 $118,333

    During 2020, River Valley Credit Union's average interest rate for loans was 3.68%, while their most frequently originated rate bucket for loans was 2.5-3%, with 58 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 60 $8,520,000 $142,000 $1,624 3.22%
    $100,000 or less 58 $3,940,000 $67,931 $1,305 3.02%
    $200k-400k 14 $4,060,000 $290,000 $1,374 2.87%
    $400k-600k 4 $1,920,000 $480,000 $3,196 3.22%

    2020 saw River Valley Credit Union place emphasis on $100k-200k loans with 60 originations, totaling $8,520,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 37 $5,305,000 $143,378 $1,523 3.20%
    $50k or less 30 $2,210,000 $73,667 $1,222 2.91%
    $75k-100k 23 $3,075,000 $133,696 $1,553 3.17%
    $50k-75k 22 $2,520,000 $114,545 $1,485 3.08%
    $150k-250k 20 $4,020,000 $201,000 $1,829 3.15%
    $250k+ 2 $730,000 $365,000 $1,035 2.81%

    River Valley Credit Union lent most frequently to those with incomes in the $100k-150k range, with 37 originations. The second most popular income band? $50k or less, with 30 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 46 $5,900,000 $128,261 $1,614 3.19%
    <20% 32 $3,870,000 $120,938 $1,414 3.04%
    30-36% 22 $2,740,000 $124,545 $1,260 3.02%
    50-60% 5 $835,000 $167,000 $1,435 3.17%
    >60% 4 $730,000 $182,500 $1,602 2.94%
    43% 4 $580,000 $145,000 $1,503 3.25%
    42% 3 $365,000 $121,667 $2,123 2.79%
    37% 3 $385,000 $128,333 $1,734 3.29%
    44% 3 $345,000 $115,000 $1,102 2.83%
    45% 2 $250,000 $125,000 $1,002 2.88%
    48% 2 $620,000 $310,000 $2,399 2.56%
    38% 2 $300,000 $150,000 $1,412 3.63%
    41% 2 $160,000 $80,000 $1,585 3.69%
    36% 2 $500,000 $250,000 $1,915 3.00%
    49% 1 $435,000 $435,000 $2,870 3.38%
    47% 1 $65,000 $65,000 $1,070 2.75%
    40% 1 $295,000 $295,000 $1,110 2.50%

    River Valley Credit Union lent most frequently to those with DTI ratios of 20-30%, with 46 originations. The next most common DTI ratio? <20%, with 32 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 132 $18,000,000 $136,364 $1,518 3.10%
    Black 4 $440,000 $110,000 $1,228 3.16%

    Approval Rates

    Total approvals of all applications
    100.00%

    River Valley Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    94.85%

    River Valley Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 136 $18,440,000 $135,588

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 136 $18,440,000 $135,588

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 15 $995,000 $66,333 $1,041 2.76%
    40-60% 44 $6,350,000 $144,318 $1,482 2.91%
    60-80% 63 $9,325,000 $148,016 $1,626 3.32%
    80-100% 10 $1,610,000 $161,000 $1,808 3.25%
    Under 20% 4 $160,000 $40,000 $1,029 2.59%