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 Home Improvement, Cash Out Refi, and Refi loans. Thrive Fcu has a high proportion of conventional loans. Their top markets by origination volume include: Muncie, New Castle, Indianapolis, and Jasper among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Thrive Fcu has an above average approval rate when compared to the average across all lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.72% | 5/12/25 |
| 30 Year Cash-out Refi | 6.72% | 5/12/25 |
| 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. | ||
Thrive Fcu Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
51Origination Dollar Volume (All Markets)
$2,955,000Top Markets
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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) | 44 | $2,340,000 | $53,182 | $0 | 0.00% |
| New Castle, IN (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $0 | 0.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 3 | $185,000 | $61,667 | $0 | 0.00% |
| Jasper, IN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 51 | $2,955,000 | $57,941 | $0 | 0.00% |
For 2019, Thrive Fcu's most frequently originated type of loan was Conventional, with 51 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Improvement | 24 | $850,000 | $35,417 | $0 | 0.00% |
| Cash Out Refi | 15 | $1,305,000 | $87,000 | $0 | 0.00% |
| Refi | 12 | $800,000 | $66,667 | $0 | 0.00% |
For 2019, Thrive Fcu's most frequently cited loan purpose was Home Improvement, with 24 originations. The 2nd most popular reason was Cash Out Refi, with 15 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 51 | $2,955,000 | $57,941 | $0 | 0.00% |
For 2019, Thrive Fcu's most frequently cited loan duration was Other, with 51 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 45 | $2,105,000 | $46,778 | $0 | 0.00% |
| $100k-200k | 6 | $850,000 | $141,667 | $0 | 0.00% |
2019 saw Thrive Fcu place emphasis on $100,000 or less loans with 45 originations, totaling $2,105,000 in origination value.
Applicant Income
Thrive Fcu lent most frequently to those with incomes in the $50k-75k range, with 16 originations. The second most popular income band? $50k or less, with 16 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 51 | $2,955,000 | $57,941 | $0 | 0.00% |
Approval Rates
Total approvals of all applications98.08%
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 | 51 | $2,955,000 | $57,941 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 51 | $2,955,000 | $57,941 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Thrivepoint Financial Holdings, Inc. | Other type of mortgage | Trouble during payment process | 4 | 100.0% |