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

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  • 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

    Partners 1st Federal Credit Union is a smaller credit union specializing in Cash Out 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, Auburn, Huntington, and Angola among others. We have data for 32 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. 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% 11/21/24
    30 Year Conventional Purchase 5.63% 11/21/24
    30 Year Conventional Refi 5.94% 11/21/24
    30 Year Cash-out Refi 6.25% 11/21/24
    15 Year Conventional Purchase 5.86% 11/21/24
    15 Year Conventional Refi 6.83% 11/21/24
    15 Year Cash-out Refi 6.83% 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.

    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

    470

    Origination Dollar Volume (All Markets)

    $62,310,000
    Show all (5) 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) 268 $34,380,000 $128,284 $1,611 5.05%
    Outside of Metro Areas 78 $10,480,000 $134,359 $2,029 5.05%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 13 $2,535,000 $195,000 $2,578 4.59%
    Auburn, IN (FHA|USDA|VA) 9 $1,785,000 $198,333 $2,539 4.94%
    Huntington, IN (FHA|USDA|VA) 12 $1,770,000 $147,500 $2,170 5.58%
    Angola, IN (FHA|USDA|VA) 6 $1,760,000 $293,333 $2,163 4.02%
    Kendallville, IN (FHA|USDA|VA) 8 $940,000 $117,500 $2,016 4.11%
    WINCHESTER, VA-WV (FHA|USDA|VA) 6 $920,000 $153,333 $2,462 4.21%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 6 $920,000 $153,333 $2,219 5.08%
    Wabash, IN (FHA|USDA|VA) 3 $815,000 $271,667 $1,933 4.33%
    HARRISONBURG, VA (FHA|USDA|VA) 4 $770,000 $192,500 $1,847 3.59%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 4 $730,000 $182,500 $2,037 5.47%
    Cambridge, MD (FHA|USDA|VA) 8 $500,000 $62,500 $533 6.14%
    Findlay, OH (FHA|USDA|VA) 2 $450,000 $225,000 $3,669 4.44%
    Warsaw, IN (FHA|USDA|VA) 2 $430,000 $215,000 $2,915 6.13%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $415,000 $415,000 $3,724 3.38%
    SALISBURY, MD-DE (FHA|USDA|VA) 5 $415,000 $83,000 $1,090 5.19%
    Marion, IN (FHA|USDA|VA) 6 $290,000 $48,333 $1,031 4.51%
    LIMA, OH (FHA|USDA|VA) 3 $275,000 $91,667 $1,265 5.33%
    ELKHART-GOSHEN, IN (FHA|USDA|VA) 1 $275,000 $275,000 $4,226 4.25%
    Bluffton, IN (FHA|USDA|VA) 4 $270,000 $67,500 $1,647 7.59%
    TOLEDO, OH (FHA|USDA|VA) 3 $235,000 $78,333 $1,549 4.63%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 4 $230,000 $57,500 $921 4.00%
    STAUNTON, VA (FHA|USDA|VA) 1 $205,000 $205,000 $2,796 3.38%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 2 $120,000 $60,000 $150 6.13%
    MUNCIE, IN (FHA|USDA|VA) 1 $95,000 $95,000 $2,379 3.00%
    Logansport, IN (FHA|USDA|VA) 2 $90,000 $45,000 $150 7.50%
    AKRON, OH (FHA|USDA|VA) 1 $65,000 $65,000 $0 7.00%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 3 $65,000 $21,667 $150 5.50%
    Mount Sterling, KY (FHA|USDA|VA) 2 $50,000 $25,000 $150 6.25%
    Jasper, IN (FHA|USDA|VA) 1 $15,000 $15,000 $0 5.25%
    Vincennes, IN (FHA|USDA|VA) 1 $15,000 $15,000 $400 8.04%
    Partners 1st Federal Credit Union's top markets include Fort Wayne, Washington, Auburn, Huntington, and Angola among others.

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

    Fire Police City County Federal Credit Union
    Similarity Rank: 116
    Mutual Savings Bank
    Similarity Rank: 268
    Independent Federal Credit Union
    Similarity Rank: 318
    Cedar Point Federal Credit Union
    Similarity Rank: 370
    BEACON CREDIT UNION
    Similarity Rank: 372
    Greenfield Banking Company
    Similarity Rank: 476
    CRANE
    Similarity Rank: 680
    Home Bank SB
    Similarity Rank: 700
    ProFed Federal Credit Union
    Similarity Rank: 703
    PARTNERS 1ST Federal Credit Union
    Similarity Rank: 704

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 375 $56,695,000 $151,187 $1,734 5.02%
    HELOC 95 $5,615,000 $59,105 n/a 5.14%

    For 2022, Partners 1st Federal Credit Union's most frequently originated type of loan was Conventional, with 375 originations. Their 2nd most popular type was HELOC, with 95 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 238 $19,860,000 $83,445 $1,054 5.20%
    Home Purchase 136 $36,840,000 $270,882 $3,191 4.49%
    Home Improvement 69 $3,025,000 $43,841 $272 6.00%
    Refi 27 $2,585,000 $95,741 $1,435 4.03%

    For 2022, Partners 1st Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 238 originations. The 2nd most popular reason was Home Purchase, with 136 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 134 $28,520,000 $212,836 $2,797 4.53%
    15 Year 113 $7,915,000 $70,044 $783 6.03%
    Other 97 $5,965,000 $61,495 $3,086 5.10%
    10 Year 60 $3,350,000 $55,833 $166 4.96%
    30+ year 32 $13,760,000 $430,000 $4,338 3.94%
    5 Year 23 $665,000 $28,913 $150 5.05%
    20 Year 10 $2,070,000 $207,000 $2,740 3.84%
    3 Year 1 $65,000 $65,000 $1,017 8.75%

    For 2022, Partners 1st Federal Credit Union's most frequently cited loan duration was 30 Year, with 134 originations. The 2nd most popular length was 15 Year, with 113 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 358 $51,880,000 $144,916
    $3k-4k 6 $1,480,000 $246,667
    $5k+ 4 $1,930,000 $482,500
    $1k-2k 3 $325,000 $108,333
    $2k-3k 2 $340,000 $170,000
    $4k-5k 2 $740,000 $370,000

    Partners 1st Federal Credit Union's average total fees were $2,797, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 358 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 124 $20,850,000 $168,145
    3-4% 105 $21,205,000 $201,952
    5-6% 98 $9,230,000 $94,184
    6-7% 46 $2,880,000 $62,609
    7-8% 39 $2,545,000 $65,256
    Over 8% 25 $1,275,000 $51,000
    <2.5% 19 $1,875,000 $98,684
    2.5-3% 14 $2,450,000 $175,000

    During 2022, Partners 1st Federal Credit Union's average interest rate for loans was 4.53%, while their most frequently originated rate bucket for loans was 4-5%, with 124 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 272 $13,100,000 $48,162 $602 5.57%
    $100k-200k 103 $14,545,000 $141,214 $2,394 4.49%
    $200k-400k 62 $17,280,000 $278,710 $3,156 4.19%
    $400k-600k 26 $12,380,000 $476,154 $3,874 4.02%
    $600k-1MM 7 $5,005,000 $715,000 $3,674 4.34%

    2022 saw Partners 1st Federal Credit Union place emphasis on $100,000 or less loans with 272 originations, totaling $13,100,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 119 $18,815,000 $158,109 $1,820 5.03%
    $50k-75k 97 $9,905,000 $102,113 $1,747 5.08%
    $50k or less 92 $6,710,000 $72,935 $1,552 5.12%
    $75k-100k 75 $9,735,000 $129,800 $1,805 4.89%
    $150k-250k 60 $11,380,000 $189,667 $1,843 5.00%
    $250k+ 17 $5,215,000 $306,765 $2,535 5.29%

    Partners 1st Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 119 originations. The second most popular income band? $50k-75k, with 97 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 143 $15,985,000 $111,783 $1,631 5.00%
    <20% 77 $5,335,000 $69,286 $1,084 4.89%
    30-36% 77 $10,395,000 $135,000 $1,675 5.33%
    42% 20 $4,470,000 $223,500 $1,935 5.11%
    39% 19 $2,585,000 $136,053 $1,748 5.24%
    37% 15 $2,365,000 $157,667 $1,698 5.39%
    44% 15 $2,555,000 $170,333 $1,722 5.00%
    41% 14 $2,520,000 $180,000 $2,029 5.13%
    40% 14 $2,900,000 $207,143 $2,118 4.71%
    45% 13 $2,545,000 $195,769 $3,043 5.03%
    36% 11 $1,035,000 $94,091 $1,071 5.38%
    38% 10 $1,300,000 $130,000 $2,004 5.09%
    43% 9 $1,825,000 $202,778 $2,387 5.26%
    50-60% 8 $820,000 $102,500 $1,637 5.18%
    47% 8 $1,710,000 $213,750 $3,256 4.14%
    46% 7 $1,255,000 $179,286 $2,352 4.20%
    49% 5 $1,645,000 $329,000 $3,604 4.08%
    48% 4 $1,010,000 $252,500 $2,476 5.41%
    >60% 1 $55,000 $55,000 $150 5.25%

    Partners 1st Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 143 originations. The next most common DTI ratio? <20%, with 77 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 349 $46,025,000 $131,877 $1,724 4.96%
    Not provided 96 $13,470,000 $140,313 $1,806 5.22%
    Black 14 $1,470,000 $105,000 $1,823 5.80%
    Asian 6 $1,050,000 $175,000 $1,881 4.81%
    Other Asian 2 $160,000 $80,000 $0 4.75%
    American Indian 1 $105,000 $105,000 $150 7.75%
    Native Hawaiian or Islander 1 $15,000 $15,000 $150 5.25%
    Filipino 1 $15,000 $15,000 $400 5.25%

    Approval Rates

    Total approvals of all applications
    87.64%

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

    Pick Rate

    Approvals leading to origination
    87.02%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 470 $62,310,000 $132,574

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    470 $62,310,000 $132,574

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 112 $8,190,000 $73,125 $667 5.47%
    40-60% 48 $5,680,000 $118,333 $2,010 4.52%
    60-80% 74 $17,210,000 $232,568 $3,127 4.13%
    80-100% 91 $25,865,000 $284,231 $3,038 4.51%
    Under 20% 145 $5,365,000 $37,000 $179 5.70%