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 Home Improvement, Cash Out Refi, and Refi loans. Tri County Area Federal Credit Union has a high proportion of conventional loans. Their top two markets are Philadelphia and Reading .Tri County Area Federal Credit Union 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 15 Year Conventional Refi | 6.83% | 12/17/24 |
| 15 Year Cash-out Refi | 6.83% | 12/17/24 |
| 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
155Origination Dollar Volume (All Markets)
$10,185,000Top 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) | 116 | $7,850,000 | $67,672 | $650 | 4.80% |
| READING, PA (FHA|USDA|VA) | 39 | $2,335,000 | $59,872 | $691 | 4.89% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 94 | $6,950,000 | $73,936 | $660 | 4.81% |
| HELOC | 61 | $3,235,000 | $53,033 | n/a | 4.85% |
For 2018, Tri County Area Federal Credit Union's most frequently originated type of loan was Conventional, with 94 originations. Their 2nd most popular type was HELOC, with 61 originations.
Loan Reason
For 2018, Tri County Area Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 43 originations. The 2nd most popular reason was Cash Out Refi, with 40 originations.
Loan Duration/Length
For 2018, Tri County Area Federal Credit Union's most frequently cited loan duration was 20 Year, with 56 originations. The 2nd most popular length was 15 Year, with 47 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 79 | $6,615,000 | $83,734 |
| 5-6% | 40 | $2,060,000 | $51,500 |
| 3-4% | 27 | $1,205,000 | $44,630 |
| 6-7% | 5 | $125,000 | $25,000 |
| 7-8% | 4 | $180,000 | $45,000 |
During 2018, 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 4-5%, with 79 originations.
Loan Sizing
2018 saw Tri County Area Federal Credit Union place emphasis on $100,000 or less loans with 125 originations, totaling $5,155,000 in origination value.
Applicant Income
Tri County Area Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 34 originations. The second most popular income band? $75k-100k, with 34 originations.
Applicant Debt to Income Ratio
Tri County Area Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 34 originations. The next most common DTI ratio? 30-36%, with 29 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.86%
Tri County Area Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination76.77%
Tri County Area Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 155 | $10,185,000 | $65,710 |