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

Fort Wayne, IN

LEI: 549300FHTPSIK7LBKD38

Tax ID: 35-1079936

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
  • Complaints
  • 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

    Partners 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.

    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
    Home Equity Line of Credit (HELOC) 6.45% 11/22/24
    30 Year Conventional Purchase 5.63% 11/22/24
    30 Year Conventional Refi 5.94% 11/22/24
    30 Year Cash-out Refi 6.25% 11/22/24
    15 Year Conventional Purchase 5.86% 11/22/24
    15 Year Conventional Refi 6.83% 11/22/24
    15 Year Cash-out Refi 6.83% 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.

    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

    532

    Origination Dollar Volume (All Markets)

    $81,920,000

    Awards

    PARTNERS 1ST Federal Credit Union 30 Year Conventional Loans bronze PARTNERS 1ST Federal Credit Union 30 Year Conventional Loans bronze
    Show all (2) 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
    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%
    Partners 1st Federal Credit Union's top markets include Fort Wayne, Washington, Cambridge, Angola, and Huntington 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.

    BEACON CREDIT UNION
    Similarity Rank: 144
    The Riddell National Bank
    Similarity Rank: 252
    Mutual Savings Bank
    Similarity Rank: 264
    Crossroads Bank
    Similarity Rank: 330
    ProFed Federal Credit Union
    Similarity Rank: 456
    Cedar Point Federal Credit Union
    Similarity Rank: 546
    Independent Federal Credit Union
    Similarity Rank: 560
    Fire Police City County Federal Credit Union
    Similarity Rank: 632
    Madison County Federal Credit Union
    Similarity Rank: 784
    The Peoples State Bank
    Similarity Rank: 1188

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 479 $79,155,000 $165,251 $2,383 3.28%
    HELOC 53 $2,765,000 $52,170 n/a 4.00%

    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.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 249 $28,125,000 $112,952 $1,777 3.64%
    Home Purchase 146 $33,250,000 $227,740 $3,497 3.16%
    Refi 123 $19,435,000 $158,008 $2,226 2.81%
    Home Improvement 9 $335,000 $37,222 $192 5.92%
    Other 5 $775,000 $155,000 $2,110 3.20%

    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.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 216 $41,690,000 $193,009 $2,713 3.08%
    15 Year 132 $14,760,000 $111,818 $1,824 3.43%
    Other 54 $3,120,000 $57,778 $2,766 3.98%
    10 Year 47 $3,795,000 $80,745 $186 3.82%
    20 Year 41 $6,485,000 $158,171 $2,498 2.86%
    30+ year 33 $11,655,000 $353,182 $5,954 3.01%
    5 Year 5 $145,000 $29,000 $150 5.85%
    3 Year 4 $270,000 $67,500 $1,074 5.56%

    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
    $<1k 439 $65,975,000 $150,285
    $4k-5k 13 $4,335,000 $333,462
    $3k-4k 11 $2,825,000 $256,818
    $5k+ 9 $4,635,000 $515,000
    $1k-2k 5 $945,000 $189,000
    $2k-3k 2 $440,000 $220,000

    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.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 207 $33,665,000 $162,633
    2.5-3% 188 $34,100,000 $181,383
    <2.5% 81 $11,785,000 $145,494
    5-6% 25 $1,115,000 $44,600
    7-8% 10 $440,000 $44,000
    Over 8% 9 $435,000 $48,333
    6-7% 7 $225,000 $32,143
    4-5% 5 $155,000 $31,000

    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.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 200 $11,030,000 $55,150 $1,185 4.00%
    $100k-200k 185 $26,345,000 $142,405 $2,346 2.95%
    $200k-400k 125 $33,865,000 $270,920 $3,323 2.95%
    $400k-600k 20 $9,210,000 $460,500 $5,384 3.02%
    $600k-1MM 2 $1,470,000 $735,000 $7,373 3.25%

    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.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 121 $22,575,000 $186,570 $2,513 3.45%
    $50k-75k 115 $14,525,000 $126,304 $2,244 3.19%
    $50k or less 113 $11,435,000 $101,195 $2,160 3.20%
    $75k-100k 106 $16,880,000 $159,245 $2,388 3.57%
    $150k-250k 59 $12,465,000 $211,271 $2,470 3.36%
    $250k+ 10 $3,500,000 $350,000 $5,102 2.99%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 164 $25,850,000 $157,622 $2,439 3.29%
    <20% 125 $13,615,000 $108,920 $1,843 3.43%
    30-36% 103 $17,455,000 $169,466 $2,595 3.32%
    36% 20 $3,800,000 $190,000 $2,650 3.36%
    39% 17 $2,845,000 $167,353 $2,667 3.01%
    37% 14 $3,020,000 $215,714 $2,422 3.22%
    41% 13 $2,605,000 $200,385 $2,531 3.54%
    42% 11 $1,595,000 $145,000 $2,649 3.59%
    38% 10 $1,570,000 $157,000 $2,426 3.04%
    43% 10 $1,800,000 $180,000 $2,452 3.89%
    40% 10 $1,310,000 $131,000 $2,375 3.70%
    45% 9 $1,615,000 $179,444 $2,708 3.24%
    50-60% 6 $1,510,000 $251,667 $2,887 3.15%
    44% 6 $1,100,000 $183,333 $2,910 3.56%
    48% 5 $965,000 $193,000 $3,150 2.93%
    49% 4 $620,000 $155,000 $2,522 3.72%
    46% 3 $505,000 $168,333 $2,446 3.21%
    47% 1 $125,000 $125,000 $199 2.49%
    >60% 1 $15,000 $15,000 $0 6.50%

    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.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 423 $67,775,000 $160,225 $2,435 3.27%
    Not provided 80 $9,430,000 $117,875 $1,796 3.82%
    Black 18 $2,730,000 $151,667 $2,859 3.36%
    Asian 4 $790,000 $197,500 $3,493 3.13%
    American Indian 3 $385,000 $128,333 $2,729 3.13%
    Other Pacific Islander 1 $325,000 $325,000 $6,089 3.13%
    Vietnamese 1 $215,000 $215,000 $3,308 3.38%
    Asian Indian 1 $205,000 $205,000 $2,404 3.00%
    Other Asian 1 $65,000 $65,000 $2,394 3.13%

    Approval Rates

    Total approvals of all applications
    90.29%

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

    Pick Rate

    Approvals leading to origination
    81.95%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 532 $81,920,000 $153,985

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    532 $81,920,000 $153,985

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 65 $5,025,000 $77,308 $1,458 3.56%
    40-60% 98 $13,680,000 $139,592 $2,032 2.83%
    60-80% 164 $33,120,000 $201,951 $2,946 2.99%
    80-100% 125 $26,995,000 $215,960 $3,116 3.05%
    Under 20% 80 $3,100,000 $38,750 $245 5.03%

    Complaints

    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%