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

Pottstown, PA

LEI: 549300W6S818WBYBBJ66

Tax ID: 23-1360900

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • 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, Lancaster, and State College 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% 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






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Tri County Area Federal Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    142

    Origination Dollar Volume (All Markets)

    $8,920,000

    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) 112 $7,220,000 $64,464 $717 4.85%
    READING, PA (FHA|USDA|VA) 28 $1,570,000 $56,071 $725 5.35%
    LANCASTER, PA (FHA|USDA|VA) 1 $75,000 $75,000 $0 4.75%
    STATE COLLEGE, PA (FHA|USDA|VA) 1 $55,000 $55,000 $0 7.75%
    Tri County Area Federal Credit Union's top markets include Philadelphia, Reading, Lancaster, and State College among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 84 $5,800,000 $69,048 $718 4.86%
    HELOC 58 $3,120,000 $53,793 n/a 5.13%

    For 2019, Tri County Area Federal Credit Union's most frequently originated type of loan was Conventional, with 84 originations. Their 2nd most popular type was HELOC, with 58 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 48 $2,790,000 $58,125 $724 4.86%
    Home Improvement 43 $2,165,000 $50,349 $720 5.25%
    Refi 31 $2,225,000 $71,774 $716 4.87%
    Cash Out Refi 16 $1,170,000 $73,125 $700 4.92%
    Home Purchase 4 $570,000 $142,500 $728 4.31%

    For 2019, Tri County Area Federal Credit Union's most frequently cited loan purpose was Other, with 48 originations. The 2nd most popular reason was Home Improvement, with 43 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 56 $2,880,000 $51,429 $0 5.11%
    15 Year 38 $3,860,000 $101,579 $725 4.79%
    10 Year 26 $1,380,000 $53,077 $719 5.17%
    Other 18 $640,000 $35,556 $709 4.82%
    3 Year 2 $50,000 $25,000 $726 3.94%
    5 Year 2 $110,000 $55,000 $685 4.31%

    For 2019, 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 38 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 62 $3,900,000 $62,903
    3-4% 31 $2,565,000 $82,742
    5-6% 26 $1,380,000 $53,077
    6-7% 20 $940,000 $47,000
    Over 8% 2 $80,000 $40,000
    7-8% 1 $55,000 $55,000

    During 2019, 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 62 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 118 $5,220,000 $44,237 $717 5.08%
    $100k-200k 20 $2,780,000 $139,000 $724 4.43%
    $200k-400k 4 $920,000 $230,000 $708 4.53%

    2019 saw Tri County Area Federal Credit Union place emphasis on $100,000 or less loans with 118 originations, totaling $5,220,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 42 $2,200,000 $52,381 $709 5.12%
    $75k-100k 28 $2,130,000 $76,071 $729 4.80%
    $50k or less 27 $1,475,000 $54,630 $727 4.66%
    $100k-150k 22 $1,270,000 $57,727 $709 5.10%
    $150k-250k 19 $1,365,000 $71,842 $719 5.13%
    $250k+ 4 $480,000 $120,000 $730 5.25%

    Tri County Area Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 42 originations. The second most popular income band? $75k-100k, with 28 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 29 $1,795,000 $61,897 $723 4.66%
    <20% 22 $1,220,000 $55,455 $713 4.66%
    30-36% 21 $1,135,000 $54,048 $716 5.23%
    50-60% 18 $1,290,000 $71,667 $718 5.26%
    36% 7 $505,000 $72,143 $730 4.73%
    43% 7 $525,000 $75,000 $695 5.05%
    38% 7 $665,000 $95,000 $729 4.23%
    >60% 5 $375,000 $75,000 $728 5.40%
    42% 4 $220,000 $55,000 $725 5.31%
    39% 4 $190,000 $47,500 $726 5.31%
    48% 3 $175,000 $58,333 $728 5.83%
    45% 2 $80,000 $40,000 $728 5.63%
    47% 2 $180,000 $90,000 $731 5.25%
    49% 2 $100,000 $50,000 $726 5.50%
    41% 2 $190,000 $95,000 $728 4.19%
    40% 2 $140,000 $70,000 $0 4.88%
    44% 2 $50,000 $25,000 $647 5.63%
    37% 2 $50,000 $25,000 $0 5.00%
    46% 1 $35,000 $35,000 $735 6.25%

    Tri County Area Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 29 originations. The next most common DTI ratio? <20%, with 22 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 108 $6,990,000 $64,722 $717 4.94%
    Not provided 23 $1,145,000 $49,783 $729 5.01%
    Black 10 $750,000 $75,000 $714 5.06%
    Not applicable 1 $35,000 $35,000 $735 6.25%

    Approval Rates

    Total approvals of all applications
    93.01%

    Tri County Area Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.10%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 142 $8,920,000 $62,817

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 142 $8,920,000 $62,817

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 32 $1,780,000 $55,625 $723 4.94%
    40-60% 22 $2,180,000 $99,091 $728 4.93%
    60-80% 12 $1,710,000 $142,500 $709 4.41%
    80-100% 4 $520,000 $130,000 $704 4.78%
    Under 20% 72 $2,730,000 $37,917 $718 5.10%