River Region Credit Union Mortgage Rates, Fees & Info
Jefferson City, MOLEI: 549300HC0CLTNVGA0H76
Tax ID: 44-0623480
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Mortgage Data
Review & Overview
River Region Credit Union is a smaller credit union specializing in Other and Home Purchase loans. River Region Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Jefferson City, Columbia, St. Louis, Kansas City, and Springfield among others. We have data for 20 markets. (Some data included below & more in-depth data is available with an active subscription.)River Region 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.
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% | 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. | ||
River Region Credit Union Mortgage Calculator
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
648Origination Dollar Volume (All Markets)
$83,700,000Top 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 |
|---|---|---|---|---|---|
| JEFFERSON CITY, MO (FHA|USDA|VA) | 297 | $35,965,000 | $121,094 | $0 | 0.00% |
| COLUMBIA, MO (FHA|USDA|VA) | 229 | $31,215,000 | $136,310 | $0 | 0.00% |
| Outside of Metro Areas | 60 | $7,420,000 | $123,667 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 11 | $2,035,000 | $185,000 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 10 | $1,830,000 | $183,000 | $0 | 0.00% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 8 | $1,350,000 | $168,750 | $0 | 0.00% |
| Hannibal, MO (FHA|USDA|VA) | 4 | $610,000 | $152,500 | $0 | 0.00% |
| Mexico, MO (FHA|USDA|VA) | 8 | $570,000 | $71,250 | $0 | 0.00% |
| Farmington, MO (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $0 | 0.00% |
| Moberly, MO (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $0 | 0.00% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $0 | 0.00% |
| Lebanon, MO (FHA|USDA|VA) | 3 | $295,000 | $98,333 | $0 | 0.00% |
| MANHATTAN, KS (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| Branson, MO (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 0.00% |
| Sedalia, MO (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| Warrensburg, MO (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 0.00% |
| Fort Leonard Wood, MO (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 0.00% |
| Rolla, MO (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| Kirksville, MO (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 416 | $32,400,000 | $77,885 | n/a | 0.00% |
| Conventional | 232 | $51,300,000 | $221,121 | $0 | 0.00% |
For 2022, River Region Credit Union's most frequently originated type of loan was HELOC, with 416 originations. Their 2nd most popular type was Conventional, with 232 originations.
Loan Reason
For 2022, River Region Credit Union's most frequently cited loan purpose was Other, with 239 originations. The 2nd most popular reason was Home Purchase, with 188 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 648 | $83,700,000 | $129,167 | $0 | 0.00% |
For 2022, River Region Credit Union's most frequently cited loan duration was Other, with 648 originations.
Loan Sizing
2022 saw River Region Credit Union place emphasis on $100,000 or less loans with 337 originations, totaling $17,365,000 in origination value.
Applicant Income
River Region Credit Union lent most frequently to those with incomes in the $100k-150k range, with 160 originations. The second most popular income band? $75k-100k, with 157 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 648 | $83,700,000 | $129,167 | $0 | 0.00% |
River Region Credit Union lent most frequently to those with DTI ratios of Exempt%, with 648 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.01%
River Region Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination83.80%
River Region Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 648 | $83,700,000 | $129,167 |