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 Cash Out Refi and Refi loans. River Valley Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Dayton, Cincinnati, and Springfield among others. We have data for 4 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 a below 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 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.

    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% 11/21/24
    30 Year Conventional Refi 6.79% 11/21/24
    30 Year Cash-out Refi 7.05% 11/21/24
    15 Year Conventional Purchase 6.12% 11/21/24
    15 Year Conventional Refi 5.71% 11/21/24
    15 Year Cash-out Refi 5.71% 11/21/24
    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

    90

    Origination Dollar Volume (All Markets)

    $10,540,000

    Awards

    RIVER VALLEY CREDIT UNION 30 Year Conventional Loans gold
    Show all (1) 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) 53 $5,955,000 $112,358 $1,454 3.92%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 33 $4,195,000 $127,121 $1,593 4.14%
    Outside of Metro Areas 3 $285,000 $95,000 $1,165 3.42%
    SPRINGFIELD, OH (FHA|USDA|VA) 1 $105,000 $105,000 $1,165 4.38%
    River Valley Credit Union's top markets include Dayton, Cincinnati, and Springfield among others.

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

    Sharefax Credit Union
    Similarity Rank: 170
    CINFED Federal Credit Union
    Similarity Rank: 210
    Greenville Federal
    Similarity Rank: 420
    The North Side Bank & Trust Company
    Similarity Rank: 450
    Firefighters & Company FCU
    Similarity Rank: 480
    Eagle Savings Bank
    Similarity Rank: 546
    The Friendship State Bank
    Similarity Rank: 623
    Somerville Bank
    Similarity Rank: 819
    Forcht Bank
    Similarity Rank: 820
    LCNB National Bank
    Similarity Rank: 936

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 90 $10,540,000 $117,111 $1,492 3.99%

    For 2022, River Valley Credit Union's most frequently originated type of loan was Conventional, with 90 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 49 $6,385,000 $130,306 $1,423 4.23%
    Refi 29 $3,005,000 $103,621 $1,295 3.37%
    Home Purchase 12 $1,150,000 $95,833 $2,295 4.57%

    For 2022, River Valley Credit Union's most frequently cited loan purpose was Cash Out Refi, with 49 originations. The 2nd most popular reason was Refi, with 29 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 48 $4,900,000 $102,083 $1,248 3.74%
    30 Year 16 $3,440,000 $215,000 $2,452 5.32%
    10 Year 10 $710,000 $71,000 $1,344 3.53%
    Other 9 $975,000 $108,333 $1,121 3.18%
    20 Year 6 $480,000 $80,000 $2,122 4.67%
    5 Year 1 $35,000 $35,000 $1,115 4.38%

    For 2022, River Valley Credit Union's most frequently cited loan duration was 15 Year, with 48 originations. The 2nd most popular length was 30 Year, with 16 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 87 $9,415,000 $108,218

    River Valley Credit Union's average total fees were $2,452, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 87 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 27 $2,905,000 $107,593
    4-5% 17 $2,065,000 $121,471
    5-6% 15 $1,415,000 $94,333
    3-4% 12 $1,240,000 $103,333
    6-7% 10 $1,100,000 $110,000
    2.5-3% 7 $675,000 $96,429
    7-8% 1 $135,000 $135,000

    During 2022, River Valley Credit Union's average interest rate for loans was 5.32%, while their most frequently originated rate bucket for loans was <2.5%, with 27 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 46 $2,830,000 $61,522 $1,379 3.97%
    $100k-200k 36 $4,840,000 $134,444 $1,533 3.94%
    $200k-400k 6 $1,300,000 $216,667 $1,644 4.44%
    $1MM+ 1 $1,005,000 $1,005,000 $0 0.00%
    $400k-600k 1 $565,000 $565,000 $4,065 4.13%

    2022 saw River Valley Credit Union place emphasis on $100,000 or less loans with 46 originations, totaling $2,830,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 26 $3,040,000 $116,923 $1,352 3.36%
    $50k or less 21 $1,745,000 $83,095 $1,565 4.34%
    $75k-100k 16 $1,560,000 $97,500 $1,514 4.36%
    $150k-250k 13 $1,745,000 $134,231 $1,510 4.17%
    $100k-150k 11 $1,585,000 $144,091 $1,459 4.32%
    $250k+ 3 $865,000 $288,333 $2,098 2.96%

    River Valley Credit Union lent most frequently to those with incomes in the $50k-75k range, with 26 originations. The second most popular income band? $50k or less, with 21 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 30 $3,340,000 $111,333 $1,426 3.83%
    <20% 20 $2,180,000 $109,000 $1,549 3.71%
    30-36% 14 $1,520,000 $108,571 $1,401 4.00%
    36% 6 $660,000 $110,000 $1,634 5.77%
    39% 4 $250,000 $62,500 $1,330 4.91%
    37% 3 $325,000 $108,333 $1,442 4.50%
    >60% 2 $140,000 $70,000 $1,470 2.19%
    38% 2 $300,000 $150,000 $1,978 2.75%
    43% 2 $210,000 $105,000 $1,590 4.00%
    44% 2 $100,000 $50,000 $1,545 5.31%
    40% 1 $75,000 $75,000 $1,930 2.25%
    48% 1 $155,000 $155,000 $1,115 3.13%
    41% 1 $105,000 $105,000 $1,165 4.38%
    50-60% 1 $175,000 $175,000 $2,345 4.25%

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

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 77 $9,325,000 $121,104 $1,495 4.04%
    Black 12 $1,020,000 $85,000 $1,505 3.83%
    Asian 1 $195,000 $195,000 $1,115 2.38%

    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
    66.67%

    River Valley 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 90 $10,540,000 $117,111

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    90 $10,540,000 $117,111

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 20 $1,610,000 $80,500 $1,274 4.31%
    40-60% 31 $3,015,000 $97,258 $1,377 3.59%
    60-80% 25 $3,225,000 $129,000 $1,516 4.07%
    80-100% 9 $1,525,000 $169,444 $2,383 4.17%
    Under 20% 4 $160,000 $40,000 $1,291 4.69%