River Region Credit Union Mortgage Rates, Fees & Info

Jefferson City, MO

LEI: 549300HC0CLTNVGA0H76

Tax ID: 44-0623480

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Mortgage Data

Review & Overview

River Region Credit Union is a smaller credit union specializing in Home Purchase loans. River Region Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Columbia, Jefferson City, St. Louis, Moberly, and Kansas City among others. We have data for 16 markets. (Some data included below & more in-depth data is available with an active subscription.)

River Region 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.

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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.27% 12/5/24
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 Region 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 Region 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

604

Origination Dollar Volume (All Markets)

$93,050,000

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
COLUMBIA, MO (FHA|USDA|VA) 222 $37,920,000 $170,811 $0 0.00%
JEFFERSON CITY, MO (FHA|USDA|VA) 269 $34,145,000 $126,933 $0 0.00%
Outside of Metro Areas 68 $9,200,000 $135,294 $0 0.00%
ST. LOUIS, MO-IL (FHA|USDA|VA) 14 $3,510,000 $250,714 $0 0.00%
Moberly, MO (FHA|USDA|VA) 9 $2,715,000 $301,667 $0 0.00%
KANSAS CITY, MO-KS (FHA|USDA|VA) 6 $1,300,000 $216,667 $0 0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $960,000 $480,000 $0 0.00%
SPRINGFIELD, MO (FHA|USDA|VA) 4 $800,000 $200,000 $0 0.00%
Branson, MO (FHA|USDA|VA) 1 $605,000 $605,000 $0 0.00%
West Plains, MO (FHA|USDA|VA) 1 $465,000 $465,000 $0 0.00%
Mexico, MO (FHA|USDA|VA) 2 $450,000 $225,000 $0 0.00%
CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 1 $415,000 $415,000 $0 0.00%
JOPLIN, MO (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
Rolla, MO (FHA|USDA|VA) 2 $230,000 $115,000 $0 0.00%
Sedalia, MO (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
Warrensburg, MO (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
River Region Credit Union's top markets include Columbia, Jefferson City, St. Louis, Moberly, and Kansas City among others.

Their top states include:
  • Missouri (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 604 $93,050,000 $154,056 $0 0.00%

    For 2023, River Region Credit Union's most frequently originated type of loan was Conventional, with 604 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 230 $59,090,000 $256,913 $0 0.00%
    Home Improvement 137 $10,405,000 $75,949 $0 0.00%
    Other 137 $10,215,000 $74,562 $0 0.00%
    Cash Out Refi 89 $11,325,000 $127,247 $0 0.00%
    Refi 11 $2,015,000 $183,182 $0 0.00%

    For 2023, River Region Credit Union's most frequently cited loan purpose was Home Purchase, with 230 originations. The 2nd most popular reason was Home Improvement, with 137 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 604 $93,050,000 $154,056 $0 0.00%

    For 2023, River Region Credit Union's most frequently cited loan duration was Other, with 604 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 285 $15,405,000 $54,053 $0 0.00%
    $100k-200k 156 $22,000,000 $141,026 $0 0.00%
    $200k-400k 131 $36,485,000 $278,511 $0 0.00%
    $400k-600k 17 $7,835,000 $460,882 $0 0.00%
    $600k-1MM 13 $8,535,000 $656,538 $0 0.00%
    $1MM+ 2 $2,790,000 $1,395,000 $0 0.00%

    2023 saw River Region Credit Union place emphasis on $100,000 or less loans with 285 originations, totaling $15,405,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 184 $27,990,000 $152,120 $0 0.00%
    $150k-250k 119 $22,145,000 $186,092 $0 0.00%
    $50k-75k 99 $11,275,000 $113,889 $0 0.00%
    $75k-100k 99 $12,695,000 $128,232 $0 0.00%
    $50k or less 57 $3,925,000 $68,860 $0 0.00%
    $250k+ 34 $11,270,000 $331,471 $0 0.00%

    River Region Credit Union lent most frequently to those with incomes in the $100k-150k range, with 184 originations. The second most popular income band? $150k-250k, with 119 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 604 $93,050,000 $154,056 $0 0.00%

    River Region Credit Union lent most frequently to those with DTI ratios of Exempt%, with 604 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 258 $52,790,000 $204,612 $0 0.00%
    Not provided 322 $33,560,000 $104,224 $0 0.00%
    Not applicable 7 $3,085,000 $440,714 $0 0.00%
    Black 10 $2,550,000 $255,000 $0 0.00%
    Asian 3 $555,000 $185,000 $0 0.00%
    Filipino 1 $225,000 $225,000 $0 0.00%
    American Indian 2 $200,000 $100,000 $0 0.00%
    Other Asian 1 $85,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.27%

    River Region Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.76%

    River Region Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 604 $93,050,000 $154,056

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    604 $93,050,000 $154,056