Partners 1st Federal Credit Union Mortgage Rates, Fees & Info

Fort Wayne, IN

LEI: 549300FHTPSIK7LBKD38

Tax ID: 35-1079936

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

Jump to:

Mortgage Data

Review & Overview

Partners 1st Federal Credit Union is a smaller credit union specializing in Refi and Home Purchase loans. Partners 1st Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Fort Wayne, Washington, Angola, Salisbury, and Auburn among others. We have data for 28 markets. (Some data included below & more in-depth data is available with an active subscription.)

Partners 1st 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. 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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.45% 3/24/24
30 Year Conventional Purchase 5.63% 3/24/24
30 Year Conventional Refi 5.94% 3/24/24
30 Year Cash-out Refi 6.25% 3/24/24
15 Year Conventional Purchase 5.86% 3/24/24
15 Year Conventional Refi 6.83% 3/24/24
15 Year Cash-out Refi 6.83% 3/24/24
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.

Partners 1st Federal Credit Union Mortgage Calculator






Your Estimates

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

This is not an official calculator from Partners 1st Federal 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

293

Origination Dollar Volume (All Markets)

$25,485,000

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
FORT WAYNE, IN (FHA|USDA|VA) 148 $11,680,000 $78,919 $0 5.27%
Outside of Metro Areas 60 $5,160,000 $86,000 $0 4.99%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 10 $1,300,000 $130,000 $0 5.48%
Angola, IN (FHA|USDA|VA) 6 $1,260,000 $210,000 $0 3.94%
SALISBURY, MD-DE (FHA|USDA|VA) 9 $855,000 $95,000 $0 6.46%
Auburn, IN (FHA|USDA|VA) 9 $755,000 $83,889 $0 5.59%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 6 $670,000 $111,667 $0 4.55%
Marion, IN (FHA|USDA|VA) 6 $490,000 $81,667 $0 5.26%
Cambridge, MD (FHA|USDA|VA) 7 $445,000 $63,571 $0 6.63%
WINCHESTER, VA-WV (FHA|USDA|VA) 3 $385,000 $128,333 $0 5.50%
Kendallville, IN (FHA|USDA|VA) 6 $350,000 $58,333 $0 6.31%
Somerset, KY (FHA|USDA|VA) 1 $345,000 $345,000 $0 3.63%
Warsaw, IN (FHA|USDA|VA) 2 $310,000 $155,000 $0 5.38%
Bluffton, IN (FHA|USDA|VA) 4 $300,000 $75,000 $0 7.29%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $265,000 $265,000 $0 4.88%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
YORK-HANOVER, PA (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
HARRISONBURG, VA (FHA|USDA|VA) 1 $115,000 $115,000 $0 4.88%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.00%
Logansport, IN (FHA|USDA|VA) 1 $95,000 $95,000 $0 4.75%
Decatur, IN (FHA|USDA|VA) 1 $65,000 $65,000 $0 8.00%
Huntington, IN (FHA|USDA|VA) 2 $60,000 $30,000 $0 5.50%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.50%
AKRON, OH (FHA|USDA|VA) 2 $50,000 $25,000 $0 5.00%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $35,000 $35,000 $0 5.00%
Richmond-Berea, KY (FHA|USDA|VA) 1 $25,000 $25,000 $0 5.71%
COLUMBUS, IN (FHA|USDA|VA) 1 $15,000 $15,000 $0 5.50%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $15,000 $15,000 $0 4.75%
Partners 1st Federal Credit Union's top markets include Fort Wayne, Washington, Angola, Salisbury, and Auburn among others.

Their top states include:
  • Indiana (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • West Virginia (FHA|USDA|VA)
  • Similar Lenders

    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.

    The Garrett State Bank
    Similarity Rank: 48
    Greenfield Banking Company
    Similarity Rank: 255
    Bank of Clarke County
    Similarity Rank: 320
    LIBRARY OF CONGRESS
    Similarity Rank: 448
    Mid-Atlantic Federal Credit Union
    Similarity Rank: 450
    INDIANA UNIVERSITY CREDIT UNION
    Similarity Rank: 450
    ProFed Federal Credit Union
    Similarity Rank: 627
    EDUCATIONAL SYSTEMS
    Similarity Rank: 693

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 278 $24,500,000 $88,129 $0 5.32%
    HELOC 14 $700,000 $50,000 n/a 5.25%
    VA 1 $285,000 $285,000 $0 0.00%

    For 2018, Partners 1st Federal Credit Union's most frequently originated type of loan was Conventional, with 278 originations. Their 2nd most popular type was HELOC, with 14 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 145 $12,695,000 $87,552 $0 5.16%
    Home Improvement 86 $3,530,000 $41,047 $0 6.10%
    Home Purchase 62 $9,260,000 $149,355 $0 4.49%

    For 2018, Partners 1st Federal Credit Union's most frequently cited loan purpose was Refi, with 145 originations. The 2nd most popular reason was Home Improvement, with 86 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 84 $12,850,000 $152,976 $0 4.65%
    15 Year 73 $4,055,000 $55,548 $0 6.37%
    Other 65 $4,895,000 $75,308 $0 5.38%
    10 Year 50 $2,790,000 $55,800 $0 4.91%
    5 Year 15 $305,000 $20,333 $0 5.31%
    20 Year 6 $590,000 $98,333 $0 4.71%

    For 2018, Partners 1st Federal Credit Union's most frequently cited loan duration was 30 Year, with 84 originations. The 2nd most popular length was 15 Year, with 73 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 252 $21,570,000 $85,595

    Partners 1st Federal Credit Union's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 252 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 112 $9,920,000 $88,571
    5-6% 54 $3,810,000 $70,556
    3-4% 47 $6,915,000 $147,128
    7-8% 32 $1,290,000 $40,313
    6-7% 15 $455,000 $30,333
    Over 8% 12 $400,000 $33,333

    During 2018, Partners 1st Federal Credit Union's average interest rate for loans was 4.65%, while their most frequently originated rate bucket for loans was 4-5%, with 112 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 206 $9,840,000 $47,767 $0 5.64%
    $100k-200k 58 $8,100,000 $139,655 $0 4.64%
    $200k-400k 28 $7,140,000 $255,000 $0 4.10%
    $400k-600k 1 $405,000 $405,000 $0 0.00%

    2018 saw Partners 1st Federal Credit Union place emphasis on $100,000 or less loans with 206 originations, totaling $9,840,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 84 $6,890,000 $82,024 $0 5.19%
    $50k or less 75 $5,825,000 $77,667 $0 5.24%
    $75k-100k 58 $4,950,000 $85,345 $0 5.49%
    $100k-150k 51 $4,795,000 $94,020 $0 5.53%
    $150k-250k 21 $2,555,000 $121,667 $0 5.07%
    $250k+ 4 $470,000 $117,500 $0 5.54%

    Partners 1st Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 84 originations. The second most popular income band? $50k or less, with 75 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 83 $6,855,000 $82,590 $0 5.17%
    <20% 58 $3,870,000 $66,724 $0 4.85%
    30-36% 50 $4,600,000 $92,000 $0 5.40%
    42% 12 $690,000 $57,500 $0 6.13%
    36% 11 $885,000 $80,455 $0 5.90%
    40% 9 $735,000 $81,667 $0 6.21%
    37% 7 $785,000 $112,143 $0 5.53%
    38% 7 $825,000 $117,857 $0 5.50%
    44% 7 $625,000 $89,286 $0 6.39%
    41% 6 $480,000 $80,000 $0 6.00%
    43% 6 $610,000 $101,667 $0 4.71%
    39% 5 $345,000 $69,000 $0 5.42%
    >60% 4 $530,000 $132,500 $0 5.00%
    45% 2 $440,000 $220,000 $0 4.69%
    49% 2 $310,000 $155,000 $0 5.63%
    50-60% 2 $170,000 $85,000 $0 4.76%
    47% 1 $35,000 $35,000 $0 8.00%

    Partners 1st Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 83 originations. The next most common DTI ratio? <20%, with 58 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 241 $20,395,000 $84,627 $0 5.31%
    Not provided 34 $3,660,000 $107,647 $0 4.96%
    Black 14 $1,120,000 $80,000 $0 6.00%
    Asian 3 $215,000 $71,667 $0 4.42%
    American Indian 1 $95,000 $95,000 $0 3.75%

    Approval Rates

    Total approvals of all applications
    84.04%

    Partners 1st Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    87.71%

    Partners 1st Federal Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    1102.0 1 $85,000 $85,000
    1122.0 2 $200,000 $100,000
    1127.0 11 $875,000 $79,545
    1129.0 1 $105,000 $105,000
    1139.0 4 $740,000 $185,000
    1148.0 9 $1,315,000 $146,111
    1202.0 1 $75,000 $75,000
    1223.0 1 $115,000 $115,000
    1227.0 1 $45,000 $45,000
    1248.0 1 $345,000 $345,000
    1273.0 1 $265,000 $265,000
    1277.0 1 $255,000 $255,000
    150.0 100 $3,550,000 $35,500
    1522.0 3 $435,000 $145,000
    1527.0 5 $455,000 $91,000
    1529.0 2 $160,000 $80,000
    1539.0 1 $235,000 $235,000
    1539.5 1 $75,000 $75,000
    1548.0 3 $445,000 $148,333
    1550.0 2 $350,000 $175,000
    1597.0 2 $170,000 $85,000
    1625.0 1 $95,000 $95,000
    1627.0 1 $65,000 $65,000
    1675.0 1 $125,000 $125,000
    1679.0 1 $245,000 $245,000
    1698.0 2 $580,000 $290,000
    1719.0 1 $95,000 $95,000
    1727.0 1 $285,000 $285,000
    1748.0 4 $910,000 $227,500
    1754.0 1 $55,000 $55,000
    1790.0 1 $115,000 $115,000
    1823.0 1 $365,000 $365,000
    1826.0 1 $95,000 $95,000
    1845.0 1 $245,000 $245,000
    1847.0 2 $170,000 $85,000
    1851.5 1 $95,000 $95,000
    190.0 1 $25,000 $25,000
    1901.0 1 $35,000 $35,000
    1910.0 1 $195,000 $195,000
    1928.5 1 $125,000 $125,000
    1955.5 1 $175,000 $175,000
    1966.0 1 $175,000 $175,000
    1969.0 1 $155,000 $155,000
    199.0 19 $1,655,000 $87,105
    2001.5 1 $85,000 $85,000
    2037.5 1 $95,000 $95,000
    2042.0 1 $85,000 $85,000
    2049.25 1 $165,000 $165,000
    2058.5 1 $185,000 $185,000
    2074.5 1 $105,000 $105,000
    2112.0 1 $285,000 $285,000
    2114.0 1 $125,000 $125,000
    2148.0 1 $215,000 $215,000
    2202.5 1 $145,000 $145,000
    2247.0 1 $265,000 $265,000
    2323.0 1 $225,000 $225,000
    2350.5 3 $585,000 $195,000
    2480.0 1 $65,000 $65,000
    2490.0 2 $220,000 $110,000
    2655.0 1 $165,000 $165,000
    325.0 1 $25,000 $25,000
    3354.0 1 $85,000 $85,000
    400.0 25 $1,115,000 $44,600
    475.0 1 $105,000 $105,000
    550.0 1 $105,000 $105,000
    727.0 2 $330,000 $165,000
    748.0 1 $155,000 $155,000
    950.0 2 $260,000 $130,000
    NA 41 $3,915,000 $95,488

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 2 $170,000 $85,000
    Single Family (1-4 Units):Site-Built 291 $25,315,000 $86,993

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 69 $3,675,000 $53,261 $0 5.95%
    40-60% 23 $2,115,000 $91,957 $0 4.68%
    60-80% 46 $7,680,000 $166,957 $0 4.51%
    80-100% 50 $6,300,000 $126,000 $0 4.66%
    Under 20% 77 $2,225,000 $28,896 $0 5.86%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Partners for Payment Relief Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 100.0%