Tri County Area Federal Credit Union Mortgage Rates, Fees & Info

Pottstown, PA

LEI: 549300W6S818WBYBBJ66

Tax ID: 23-1360900

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Tri County Area Federal Credit Union is a smaller credit union specializing in Other, Home Improvement, and Refi loans. Tri County Area Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Philadelphia, Reading, Allentown, Pottsville, and Scranton among others. We have data for 5 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.

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    Originations

    137

    Origination Dollar Volume (All Markets)

    $11,105,000

    Top 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) 88 $7,350,000 $83,523 $0 0.00%
    READING, PA (FHA|USDA|VA) 43 $3,265,000 $75,930 $0 0.00%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 3 $285,000 $95,000 $0 0.00%
    Pottsville, PA (FHA|USDA|VA) 2 $160,000 $80,000 $0 0.00%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
    Tri County Area Federal Credit Union's top markets include Philadelphia, Reading, Allentown, Pottsville, and Scranton among others.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 137 $11,105,000 $81,058 $0 0.00%

    For 2024, Tri County Area Federal Credit Union's most frequently originated type of loan was Conventional, with 137 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 63 $4,545,000 $72,143 $0 0.00%
    Home Improvement 48 $2,900,000 $60,417 $0 0.00%
    Refi 26 $3,660,000 $140,769 $0 0.00%

    For 2024, Tri County Area Federal Credit Union's most frequently cited loan purpose was Other, with 63 originations. The 2nd most popular reason was Home Improvement, with 48 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 137 $11,105,000 $81,058 $0 0.00%

    For 2024, Tri County Area Federal Credit Union's most frequently cited loan duration was Other, with 137 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 99 $4,835,000 $48,838 $0 0.00%
    $100k-200k 28 $3,630,000 $129,643 $0 0.00%
    $200k-400k 9 $2,175,000 $241,667 $0 0.00%
    $400k-600k 1 $465,000 $465,000 $0 0.00%

    2024 saw Tri County Area Federal Credit Union place emphasis on $100,000 or less loans with 99 originations, totaling $4,835,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 41 $3,515,000 $85,732 $0 0.00%
    $150k-250k 27 $2,965,000 $109,815 $0 0.00%
    $50k-75k 22 $1,740,000 $79,091 $0 0.00%
    $75k-100k 21 $1,015,000 $48,333 $0 0.00%
    $50k or less 15 $815,000 $54,333 $0 0.00%
    $250k+ 7 $755,000 $107,857 $0 0.00%

    Tri County Area Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 41 originations. The second most popular income band? $150k-250k, with 27 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 137 $11,105,000 $81,058 $0 0.00%

    Tri County Area Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 137 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 123 $9,935,000 $80,772 $0 0.00%
    Not provided 7 $555,000 $79,286 $0 0.00%
    Black 6 $550,000 $91,667 $0 0.00%
    Not applicable 1 $65,000 $65,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    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 origination
    80.29%

    Tri County Area Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 137 $11,105,000 $81,058

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    137 $11,105,000 $81,058