Tri County Area Federal Credit Union Mortgage Rates, Fees & Info
Pottstown, PALEI: 549300W6S818WBYBBJ66
Tax ID: 23-1360900
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Tri County Area Federal Credit Union is a smaller credit union specializing in Refi loans. Tri County Area Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Philadelphia, Reading, Scranton, and Allentown among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Tri County Area Federal Credit Union has an above 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 |
|---|---|---|
| 15 Year Conventional Refi | 6.83% | 4/21/24 |
| 15 Year Cash-out Refi | 6.83% | 4/21/24 |
| 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. | ||
Tri County Area Federal Credit Union Mortgage Calculator
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Originations
134Origination Dollar Volume (All Markets)
$10,060,000Top 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 |
|---|---|---|---|---|---|
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 93 | $7,425,000 | $79,839 | $559 | 7.27% |
| READING, PA (FHA|USDA|VA) | 38 | $2,460,000 | $64,737 | $594 | 7.04% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $230 | 10.51% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $690 | 5.75% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 112 | $8,000,000 | $71,429 | $569 | 7.07% |
| HELOC | 22 | $2,060,000 | $93,636 | n/a | 7.89% |
For 2023, Tri County Area Federal Credit Union's most frequently originated type of loan was Conventional, with 112 originations. Their 2nd most popular type was HELOC, with 22 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 134 | $10,060,000 | $75,075 | $569 | 7.20% |
For 2023, Tri County Area Federal Credit Union's most frequently cited loan purpose was Refi, with 134 originations.
Loan Duration/Length
For 2023, Tri County Area Federal Credit Union's most frequently cited loan duration was 20 Year, with 56 originations. The 2nd most popular length was 10 Year, with 34 originations.
Interest Rates
During 2023, Tri County Area Federal Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 6-7%, with 36 originations.
Loan Sizing
2023 saw Tri County Area Federal Credit Union place emphasis on $100,000 or less loans with 102 originations, totaling $5,120,000 in origination value.
Applicant Income
Tri County Area Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 42 originations. The second most popular income band? $150k-250k, with 32 originations.
Applicant Debt to Income Ratio
Tri County Area Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 25 originations. The next most common DTI ratio? 30-36%, with 21 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.39%
Tri County Area Federal Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination77.61%
Tri County Area Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 134 | $10,060,000 | $75,075 |