River Valley Agcredit Aca Mortgage Rates, Fees & Info
Mayfield, KYLEI: 549300N4V3ZDLXURNC25
Tax ID: 61-1154657
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Mortgage Data
Review & Overview
River Valley Agcredit Aca is a smaller mortgage company specializing in Other and Refi loans. River Valley Agcredit Aca has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Chattanooga, Paducah, Cleveland, Athens, and Mayfield among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)River Valley Agcredit Aca 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. River Valley Agcredit Aca is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
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 |
|---|---|---|
| 30 Year Conventional Purchase | 8.21% | 11/21/24 |
| 30 Year Conventional Refi | 8.11% | 11/21/24 |
| 30 Year Cash-out Refi | 8.04% | 11/21/24 |
| 30 Year FHA Purchase | 6.27% | 11/21/24 |
| 30 Year VA Purchase | 6.27% | 11/21/24 |
| 15 Year Conventional Purchase | 5.68% | 11/21/24 |
| 15 Year USDA Purchase | 5.68% | 11/21/24 |
| 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 Valley Agcredit Aca Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
41Origination Dollar Volume (All Markets)
$10,875,000Top 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 |
|---|---|---|---|---|---|
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 10 | $2,390,000 | $239,000 | $6,781 | 4.10% |
| Paducah, KY-IL (FHA|USDA|VA) | 3 | $2,175,000 | $725,000 | $6,516 | 4.55% |
| Outside of Metro Areas | 11 | $1,795,000 | $163,182 | $4,744 | 4.02% |
| CLEVELAND, TN (FHA|USDA|VA) | 4 | $1,630,000 | $407,500 | $8,365 | 4.38% |
| Athens, TN (FHA|USDA|VA) | 4 | $1,140,000 | $285,000 | $7,822 | 4.37% |
| Mayfield, KY (FHA|USDA|VA) | 5 | $905,000 | $181,000 | $5,101 | 3.92% |
| KNOXVILLE, TN (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $5,261 | 4.00% |
| Martin, TN (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $6,884 | 4.50% |
| Murray, KY (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,377 | 4.25% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 40 | $10,680,000 | $267,000 | $6,165 | 4.17% |
| USDA | 1 | $195,000 | $195,000 | $5,168 | 3.30% |
For 2021, River Valley Agcredit Aca's most frequently originated type of loan was Conventional, with 40 originations. Their 2nd most popular type was USDA, with 1 originations.
Loan Reason
For 2021, River Valley Agcredit Aca's most frequently cited loan purpose was Other, with 12 originations. The 2nd most popular reason was Refi, with 11 originations.
Loan Duration/Length
For 2021, River Valley Agcredit Aca's most frequently cited loan duration was 30 Year, with 26 originations. The 2nd most popular length was 20 Year, with 5 originations.
Origination Fees/Closing Costs
River Valley Agcredit Aca's average total fees were $6,802, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 13 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 27 | $7,735,000 | $286,481 |
| 3-4% | 13 | $2,885,000 | $221,923 |
| 2.5-3% | 1 | $255,000 | $255,000 |
During 2021, River Valley Agcredit Aca's average interest rate for loans was 4.35%, while their most frequently originated rate bucket for loans was 4-5%, with 27 originations.
Loan Sizing
2021 saw River Valley Agcredit Aca place emphasis on $200k-400k loans with 16 originations, totaling $4,210,000 in origination value.
Applicant Income
River Valley Agcredit Aca lent most frequently to those with incomes in the $75k-100k range, with 12 originations. The second most popular income band? $50k-75k, with 11 originations.
Applicant Debt to Income Ratio
River Valley Agcredit Aca lent most frequently to those with DTI ratios of 20-30%, with 12 originations. The next most common DTI ratio? 30-36%, with 11 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 39 | $10,425,000 | $267,308 | $6,135 | 4.16% |
| Not provided | 2 | $450,000 | $225,000 | $6,206 | 3.90% |
Approval Rates
Total approvals of all applications71.43%
River Valley Agcredit Aca has a below average approval rate.
Pick Rate
Approvals leading to origination68.29%
River Valley Agcredit Aca 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 |
|---|---|---|---|
| NA | 41 | $10,875,000 | $265,244 |