Partners 1st Federal Credit Union Mortgage Rates, Fees & InfoFort Wayne, IN
Tax ID: 35-1079936
Latest/2021 | 2020 Data | 2019 Data | 2018 Data
Review & OverviewPartners 1st Federal Credit Union is a smaller credit union specializing in Cash Out Refi, Home Purchase, and Refi loans. Partners 1st Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Fort Wayne, Washington, Cambridge, Angola, and Huntington among others. We have data for 38 markets. (Some data included below & more in-depth data is available with an active subscription.)
Partners 1st Federal 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. Partners 1st Federal 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.
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|Simulated Rate||Simulation Date|
|Home Equity Line of Credit (HELOC)||6.72%||3/19/23|
|30 Year Conventional Purchase||6.79%||3/19/23|
|30 Year Conventional Refi||6.42%||3/19/23|
|30 Year Cash-out Refi||6.52%||3/19/23|
|15 Year Conventional Purchase||6.38%||3/19/23|
|15 Year Conventional Refi||6.36%||3/19/23|
|15 Year Cash-out Refi||6.36%||3/19/23|
|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.|
Origination Dollar Volume (All Markets)$81,920,000
Partners 1st Federal Credit Union's average 30 year fixed mortgage rate was
The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.
This yields a difference of -0.07%.
Relative Fees (Closing Costs)
Partners 1st Federal Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $2,713.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.
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|
|FORT WAYNE, IN (FHA|USDA|VA)||279||$41,125,000||$147,401||$2,302||3.36%|
|Outside of Metro Areas||69||$8,975,000||$130,072||$2,344||3.25%|
|Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA)||23||$4,365,000||$189,783||$2,001||4.47%|
|Cambridge, MD (FHA|USDA|VA)||16||$3,200,000||$200,000||$2,476||3.07%|
|Angola, IN (FHA|USDA|VA)||9||$2,775,000||$308,333||$3,568||3.06%|
|Huntington, IN (FHA|USDA|VA)||20||$2,520,000||$126,000||$2,125||3.19%|
|WINCHESTER, VA-WV (FHA|USDA|VA)||10||$2,280,000||$228,000||$2,584||3.78%|
|Auburn, IN (FHA|USDA|VA)||12||$1,950,000||$162,500||$2,817||3.38%|
|INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA)||10||$1,790,000||$179,000||$2,383||3.06%|
|HARRISONBURG, VA (FHA|USDA|VA)||9||$1,765,000||$196,111||$2,942||2.93%|
|Easton, MD (FHA|USDA|VA)||6||$1,160,000||$193,333||$2,566||2.96%|
|Kendallville, IN (FHA|USDA|VA)||7||$985,000||$140,714||$2,166||3.36%|
|Warsaw, IN (FHA|USDA|VA)||6||$980,000||$163,333||$2,953||2.98%|
|Marion, IN (FHA|USDA|VA)||11||$815,000||$74,091||$2,010||3.41%|
|Wabash, IN (FHA|USDA|VA)||6||$780,000||$130,000||$2,055||3.19%|
|Bluffton, IN (FHA|USDA|VA)||4||$770,000||$192,500||$3,444||3.13%|
|CHARLOTTESVILLE, VA (FHA|USDA|VA)||2||$560,000||$280,000||$3,255||2.88%|
|VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA)||1||$545,000||$545,000||$3,814||3.13%|
|Findlay, OH (FHA|USDA|VA)||3||$535,000||$178,333||$3,291||2.79%|
|CLEVELAND-ELYRIA, OH (FHA|USDA|VA)||1||$435,000||$435,000||$5,095||3.25%|
|CINCINNATI, OH-KY-IN (FHA|USDA|VA)||3||$425,000||$141,667||$3,114||4.04%|
|HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA)||2||$370,000||$185,000||$3,139||2.94%|
|Decatur, IN (FHA|USDA|VA)||4||$360,000||$90,000||$1,822||3.50%|
|MORGANTOWN, WV (FHA|USDA|VA)||1||$355,000||$355,000||$4,137||3.13%|
|Crawfordsville, IN (FHA|USDA|VA)||1||$275,000||$275,000||$2,283||3.25%|
|Defiance, OH (FHA|USDA|VA)||3||$265,000||$88,333||$2,873||3.50%|
|KOKOMO, IN (FHA|USDA|VA)||1||$255,000||$255,000||$2,388||2.50%|
|Richmond-Berea, KY (FHA|USDA|VA)||1||$195,000||$195,000||$3,022||3.25%|
|Mount Sterling, KY (FHA|USDA|VA)||1||$165,000||$165,000||$2,145||2.38%|
|STAUNTON, VA (FHA|USDA|VA)||1||$165,000||$165,000||$3,002||2.38%|
|Van Wert, OH (FHA|USDA|VA)||2||$160,000||$80,000||$3,074||2.75%|
|SALISBURY, MD-DE (FHA|USDA|VA)||2||$140,000||$70,000||$1,375||5.19%|
|ELKHART-GOSHEN, IN (FHA|USDA|VA)||1||$135,000||$135,000||$2,247||3.50%|
|SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA)||1||$85,000||$85,000||$2,512||2.75%|
|HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA)||1||$85,000||$85,000||$2,814||2.50%|
|DAYTON-KETTERING, OH (FHA|USDA|VA)||1||$85,000||$85,000||$2,885||2.38%|
|Somerset, KY (FHA|USDA|VA)||1||$75,000||$75,000||$2,728||2.25%|
|LEXINGTON-FAYETTE, KY (FHA|USDA|VA)||1||$15,000||$15,000||$150||6.25%|
We use machine learning to identify the top lenders compared against PARTNERS 1ST Federal Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2021, Partners 1st Federal Credit Union's most frequently originated type of loan was Conventional, with 479 originations. Their 2nd most popular type was HELOC, with 53 originations.
For 2021, Partners 1st Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 249 originations. The 2nd most popular reason was Home Purchase, with 146 originations.
For 2021, Partners 1st Federal Credit Union's most frequently cited loan duration was 30 Year, with 216 originations. The 2nd most popular length was 15 Year, with 132 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Partners 1st Federal Credit Union's average total fees were $2,713, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 439 originations.
During 2021, Partners 1st Federal Credit Union's average interest rate for loans was 3.08%, while their most frequently originated rate bucket for loans was 3-4%, with 207 originations.
2021 saw Partners 1st Federal Credit Union place emphasis on $100,000 or less loans with 200 originations, totaling $11,030,000 in origination value.
Partners 1st Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 121 originations. The second most popular income band? $50k-75k, with 115 originations.
Applicant Debt to Income Ratio
Partners 1st Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 164 originations. The next most common DTI ratio? <20%, with 125 originations.
Approval RatesTotal approvals of all applications
Partners 1st Federal Credit Union has an average approval rate.
Pick RateApprovals leading to origination
Partners 1st Federal Credit Union has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|
|Bank Name||Product||Issue||2021 CPFB Complaints||% of Total Issues|
|Partners for Payment Relief||Other type of mortgage||Trouble during payment process||1||100.0%|