River Region Credit Union Mortgage Rates, Fees & Info

Jefferson City, MO

LEI: 549300HC0CLTNVGA0H76

Tax ID: 44-0623480

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

River Region Credit Union is a smaller credit union specializing in Home Purchase, Cash Out Refi, and Refi loans. River Region Credit Union has a high proportion of conventional loans. Their top markets include Jefferson City, Columbia, Kansas City, St. Louis, and Cape Girardeau among others. River Region Credit Union has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors.


Originations

458

Origination Dollar Volume (All Markets)

$82,320,000

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
JEFFERSON CITY, MO (FHA|USDA|VA) 256 $42,020,000 $164,141 $0 0.00%
COLUMBIA, MO (FHA|USDA|VA) 108 $23,440,000 $217,037 $0 0.00%
Outside of Metro Areas 54 $8,730,000 $161,667 $0 0.00%
KANSAS CITY, MO-KS (FHA|USDA|VA) 10 $2,630,000 $263,000 $0 0.00%
ST. LOUIS, MO-IL (FHA|USDA|VA) 5 $1,885,000 $377,000 $0 0.00%
CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 4 $610,000 $152,500 $0 0.00%
Mexico, MO (FHA|USDA|VA) 6 $540,000 $90,000 $0 0.00%
SPRINGFIELD, MO (FHA|USDA|VA) 3 $535,000 $178,333 $0 0.00%
Branson, MO (FHA|USDA|VA) 2 $500,000 $250,000 $0 0.00%
Hannibal, MO (FHA|USDA|VA) 2 $430,000 $215,000 $0 0.00%
Moberly, MO (FHA|USDA|VA) 3 $305,000 $101,667 $0 0.00%
Fort Leonard Wood, MO (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
Poplar Bluff, MO (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
Rolla, MO (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
Marshall, MO (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%

River Region Credit Union's top markets include Jefferson City, Columbia, Kansas City, St. Louis, and Cape Girardeau among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 458 $82,320,000 $179,738 $0 0.00%

For the 2021 period, River Region Credit Union's most frequently originated loan type of loans were Conventional, with 458 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 154 $30,330,000 $196,948 $0 0.00%
Cash Out Refi 153 $27,475,000 $179,575 $0 0.00%
Refi 151 $24,515,000 $162,351 $0 0.00%

For the 2021, River Region Credit Union's most frequently cited loan purpose of loans were Home Purchase, with 154 originations. The 2nd most popular reason of loans were Cash Out Refi, with 153 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
Other 458 $82,320,000 $179,738 $0 0.00%

For the 2021, River Region Credit Union's most frequently cited loan length of loans were Other, with 458 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 216 $30,190,000 $139,769 $0 0.00%
$200k-400k 121 $32,335,000 $267,231 $0 0.00%
$100,000 or less 99 $7,365,000 $74,394 $0 0.00%
$400k-600k 18 $9,110,000 $506,111 $0 0.00%
$600k-1MM 3 $1,955,000 $651,667 $0 0.00%
$1MM+ 1 $1,365,000 $1,365,000 $0 0.00%

2021 saw River Region Credit Union place emphasis on $100k-200k loans with 216 originations, totaling $30,190,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 110 $21,600,000 $196,364 $0 0.00%
$50k-75k 102 $14,240,000 $139,608 $0 0.00%
$75k-100k 99 $16,335,000 $165,000 $0 0.00%
$50k or less 89 $10,505,000 $118,034 $0 0.00%
$150k-250k 39 $10,905,000 $279,615 $0 0.00%
$250k+ 19 $8,735,000 $459,737 $0 0.00%

River Region Credit Union lent most frequently to those with incomes in the $100k-150k range, with 110 originations. The second most popular income band? $50k-75k, with 102 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
Exempt% 458 $82,320,000 $179,738 $0 0.00%

River Region Credit Union lent most frequently to those with DTI ratios of Exempt%, with 458 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 370 $65,410,000 $176,784 $0 0.00%
Not provided 62 $11,250,000 $181,452 $0 0.00%
Black 12 $3,270,000 $272,500 $0 0.00%
Asian 4 $980,000 $245,000 $0 0.00%
American Indian 6 $770,000 $128,333 $0 0.00%
Native Hawaiian 1 $325,000 $325,000 $0 0.00%
Other Asian 3 $315,000 $105,000 $0 0.00%

Approval Rates

Total approvals of all applications
85.46%

River Region Credit Union has an average approval rate.

Pick Rate

Approvals leading to origination
63.83%

River Region Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

Points and Fees

Points Originations Total Value Average Loan
Exempt 458 $82,320,000 $179,738

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
458 $82,320,000 $179,738