Thrive Fcu Mortgage Rates, Fees & Info
Muncie, INLEI: 549300LWP1GP6WN1YQ84
Tax ID: 35-0886351
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Mortgage Data
Review & Overview
Thrive Fcu is a smaller credit union specializing in Cash Out Refi and Home Improvement loans. Thrive Fcu has a high proportion of conventional loans. Their top two markets are Muncie and New Castle .Thrive Fcu has an above average approval rate when compared to the average across all lenders.
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Originations
44Origination Dollar Volume (All Markets)
$220,000Top 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 |
|---|---|---|---|---|---|
| MUNCIE, IN (FHA|USDA|VA) | 40 | $200,000 | $5,000 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $15,000 | $5,000 | $0 | 0.00% |
| New Castle, IN (FHA|USDA|VA) | 1 | $5,000 | $5,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 44 | $220,000 | $5,000 | $0 | 0.00% |
For 2018, Thrive Fcu's most frequently originated type of loan was Conventional, with 44 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 28 | $140,000 | $5,000 | $0 | 0.00% |
| Home Improvement | 16 | $80,000 | $5,000 | $0 | 0.00% |
For 2018, Thrive Fcu's most frequently cited loan purpose was Cash Out Refi, with 28 originations. The 2nd most popular reason was Home Improvement, with 16 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 44 | $220,000 | $5,000 | $0 | 0.00% |
For 2018, Thrive Fcu's most frequently cited loan duration was Other, with 44 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 44 | $220,000 | $5,000 | $0 | 0.00% |
2018 saw Thrive Fcu place emphasis on $100,000 or less loans with 44 originations, totaling $220,000 in origination value.
Applicant Income
Thrive Fcu lent most frequently to those with incomes in the $50k or less range, with 25 originations. The second most popular income band? $50k-75k, with 13 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 44 | $220,000 | $5,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications100.00%
Thrive Fcu has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 44 | $220,000 | $5,000 |