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 Refi, Home Improvement, and Other loans. Tri County Area Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Philadelphia, Reading, Allentown, Lancaster, and Huntingdon among others. We have data for 7 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    15 Year Conventional Refi 6.83% 10/13/24
    15 Year Cash-out Refi 6.83% 10/13/24
    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

    135

    Origination Dollar Volume (All Markets)

    $10,965,000

    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) 105 $8,875,000 $84,524 $670 4.00%
    READING, PA (FHA|USDA|VA) 23 $1,725,000 $75,000 $687 3.88%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 3 $185,000 $61,667 $601 5.17%
    LANCASTER, PA (FHA|USDA|VA) 1 $65,000 $65,000 $524 3.00%
    Huntingdon, PA (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.00%
    Outside of Metro Areas 1 $45,000 $45,000 $0 6.00%
    Pottsville, PA (FHA|USDA|VA) 1 $15,000 $15,000 $524 3.50%
    Tri County Area Federal Credit Union's top markets include Philadelphia, Reading, Allentown, Lancaster, and Huntingdon among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 83 $7,575,000 $91,265 $658 3.85%
    HELOC 52 $3,390,000 $65,192 n/a 4.29%

    For 2020, Tri County Area Federal Credit Union's most frequently originated type of loan was Conventional, with 83 originations. Their 2nd most popular type was HELOC, with 52 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 57 $6,225,000 $109,211 $652 3.91%
    Home Improvement 40 $2,410,000 $60,250 $633 3.73%
    Other 36 $2,260,000 $62,778 $702 4.49%
    Home Purchase 2 $70,000 $35,000 $630 4.38%

    For 2020, Tri County Area Federal Credit Union's most frequently cited loan purpose was Refi, with 57 originations. The 2nd most popular reason was Home Improvement, with 40 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 52 $3,390,000 $65,192 $0 4.29%
    15 Year 34 $4,990,000 $146,765 $664 4.00%
    Other 25 $1,245,000 $49,800 $673 3.68%
    10 Year 21 $1,285,000 $61,190 $655 3.92%
    5 Year 2 $30,000 $15,000 $524 3.25%
    3 Year 1 $25,000 $25,000 $524 2.75%

    For 2020, Tri County Area Federal Credit Union's most frequently cited loan duration was 20 Year, with 52 originations. The 2nd most popular length was 15 Year, with 34 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 70 $6,740,000 $96,286
    2.5-3% 26 $1,860,000 $71,538
    4-5% 20 $1,330,000 $66,500
    5-6% 16 $830,000 $51,875
    6-7% 3 $205,000 $68,333

    During 2020, 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 3-4%, with 70 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 102 $4,770,000 $46,765 $638 4.13%
    $100k-200k 21 $2,595,000 $123,571 $726 3.76%
    $200k-400k 9 $2,215,000 $246,111 $729 3.63%
    $400k-600k 3 $1,385,000 $461,667 $730 3.25%

    2020 saw Tri County Area Federal Credit Union place emphasis on $100,000 or less loans with 102 originations, totaling $4,770,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 32 $2,250,000 $70,313 $656 4.01%
    $100k-150k 31 $2,675,000 $86,290 $658 4.23%
    $50k-75k 31 $1,935,000 $62,419 $654 3.91%
    $150k-250k 22 $2,250,000 $102,273 $668 4.13%
    $50k or less 13 $705,000 $54,231 $638 3.58%
    $250k+ 6 $1,150,000 $191,667 $687 4.10%

    Tri County Area Federal Credit Union lent most frequently to those with incomes in the $75k-100k range, with 32 originations. The second most popular income band? $100k-150k, with 31 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 39 $2,575,000 $66,026 $644 4.16%
    <20% 25 $2,125,000 $85,000 $644 3.63%
    30-36% 21 $1,515,000 $72,143 $670 4.39%
    50-60% 12 $1,060,000 $88,333 $647 3.61%
    >60% 10 $700,000 $70,000 $732 4.23%
    47% 5 $625,000 $125,000 $647 4.10%
    36% 4 $480,000 $120,000 $731 3.81%
    40% 3 $655,000 $218,333 $626 4.29%
    42% 3 $175,000 $58,333 $728 3.63%
    37% 3 $175,000 $58,333 $732 4.17%
    39% 2 $160,000 $80,000 $424 3.50%
    45% 2 $310,000 $155,000 $728 3.56%
    49% 2 $240,000 $120,000 $728 3.25%
    48% 1 $75,000 $75,000 $0 5.50%
    41% 1 $55,000 $55,000 $0 5.75%
    44% 1 $25,000 $25,000 $0 4.00%
    46% 1 $15,000 $15,000 $724 4.00%

    Tri County Area Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 39 originations. The next most common DTI ratio? <20%, with 25 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 97 $7,825,000 $80,670 $667 4.04%
    Not provided 29 $2,295,000 $79,138 $617 4.06%
    Black 9 $845,000 $93,889 $676 3.63%

    Approval Rates

    Total approvals of all applications
    99.42%

    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
    72.59%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 135 $10,965,000 $81,222

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 135 $10,965,000 $81,222

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 32 $2,530,000 $79,063 $642 4.35%
    40-60% 18 $1,980,000 $110,000 $665 3.89%
    60-80% 19 $3,285,000 $172,895 $662 3.77%
    80-100% 5 $1,135,000 $227,000 $729 3.38%
    Under 20% 61 $2,035,000 $33,361 $655 4.01%