Thrivent Federal Credit Union Mortgage Rates, Fees & Info

Appleton, WI

LEI: 549300WW4OBT30G5DK23

Tax ID: 46-1316895

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

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Mortgage Data

Review & Overview

Thrivent Federal Credit Union is a smaller credit union specializing in Home Purchase loans. Thrivent Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Minneapolis, Fresno, San Diego, Phoenix, and San Francisco among others. We have data for 177 markets. (Some data included below & more in-depth data is available with an active subscription.)

Thrivent 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. Thrivent Federal Credit Union is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.46% 3/24/24
30 Year Conventional Refi 6.37% 3/24/24
30 Year Cash-out Refi 6.51% 3/24/24
30 Year VA Purchase 6.66% 3/24/24
15 Year Conventional Purchase 6.16% 3/24/24
15 Year Conventional Refi 6.05% 3/24/24
15 Year Cash-out Refi 6.05% 3/24/24
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.

Thrivent 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 Thrivent 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

523

Origination Dollar Volume (All Markets)

$79,255,000

Awards

THRIVENT Federal Credit Union 30 Year Conventional Loans bronze
Show all (1) awards

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
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 116 $15,770,000 $135,948 $2,148 4.56%
FRESNO, CA (FHA|USDA|VA) 1 $6,455,000 $6,455,000 $0 4.50%
Outside of Metro Areas 35 $3,905,000 $111,571 $2,244 4.59%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 9 $2,575,000 $286,111 $3,043 4.22%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 16 $2,070,000 $129,375 $2,684 4.64%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 3 $1,585,000 $528,333 $2,738 4.81%
APPLETON, WI (FHA|USDA|VA) 12 $1,490,000 $124,167 $2,363 4.40%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 11 $1,425,000 $129,545 $1,572 4.40%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 6 $1,330,000 $221,667 $3,304 4.56%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 8 $1,220,000 $152,500 $2,210 4.17%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 7 $1,165,000 $166,429 $2,520 4.57%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 4 $1,070,000 $267,500 $4,993 4.37%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 6 $1,060,000 $176,667 $2,897 4.89%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 3 $1,045,000 $348,333 $4,387 4.54%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 8 $1,010,000 $126,250 $1,355 4.69%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 8 $960,000 $120,000 $3,746 4.64%
KANSAS CITY, MO-KS (FHA|USDA|VA) 5 $905,000 $181,000 $2,311 4.95%
COLORADO SPRINGS, CO (FHA|USDA|VA) 3 $875,000 $291,667 $3,804 4.67%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 6 $790,000 $131,667 $2,373 4.79%
GRAND FORKS, ND-MN (FHA|USDA|VA) 3 $755,000 $251,667 $2,110 4.37%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 3 $705,000 $235,000 $3,311 4.25%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 6 $690,000 $115,000 $3,492 4.42%
Alexandria, MN (FHA|USDA|VA) 4 $690,000 $172,500 $3,329 4.31%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 4 $670,000 $167,500 $2,721 4.19%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 7 $665,000 $95,000 $2,073 4.75%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 2 $660,000 $330,000 $7,862 5.88%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 4 $650,000 $162,500 $2,466 4.59%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 3 $615,000 $205,000 $2,059 4.95%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 7 $605,000 $86,429 $2,077 4.89%
GREEN BAY, WI (FHA|USDA|VA) 5 $545,000 $109,000 $2,219 4.32%
GAINESVILLE, GA (FHA|USDA|VA) 3 $535,000 $178,333 $2,855 3.75%
Grand Rapids, MN (FHA|USDA|VA) 3 $525,000 $175,000 $2,924 4.46%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 2 $500,000 $250,000 $2,277 4.50%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 3 $475,000 $158,333 $2,673 4.79%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $475,000 $475,000 $5,813 3.75%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 2 $470,000 $235,000 $2,814 4.50%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $465,000 $465,000 $3,945 3.75%
ST. LOUIS, MO-IL (FHA|USDA|VA) 4 $430,000 $107,500 $2,271 4.44%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 2 $430,000 $215,000 $2,633 4.88%
Red Wing, MN (FHA|USDA|VA) 2 $430,000 $215,000 $4,118 4.88%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $415,000 $415,000 $4,071 4.25%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 3 $405,000 $135,000 $1,911 4.12%
SALT LAKE CITY, UT (FHA|USDA|VA) 2 $380,000 $190,000 $2,737 4.06%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 4 $370,000 $92,500 $1,351 4.24%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 5 $365,000 $73,000 $1,132 4.12%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 3 $365,000 $121,667 $2,999 4.91%
COLUMBUS, OH (FHA|USDA|VA) 3 $365,000 $121,667 $1,533 5.08%
Brookings, OR (FHA|USDA|VA) 1 $355,000 $355,000 $5,394 4.13%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 3 $355,000 $118,333 $2,906 4.37%
MANKATO, MN (FHA|USDA|VA) 2 $350,000 $175,000 $3,427 4.56%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $345,000 $345,000 $2,885 4.38%
TUCSON, AZ (FHA|USDA|VA) 3 $345,000 $115,000 $2,373 5.29%
BURLINGTON, NC (FHA|USDA|VA) 1 $345,000 $345,000 $4,459 4.13%
Silver City, NM (FHA|USDA|VA) 1 $335,000 $335,000 $4,844 3.38%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $335,000 $335,000 $5,234 4.63%
Coldwater, MI (FHA|USDA|VA) 1 $335,000 $335,000 $4,330 5.00%
LINCOLN, NE (FHA|USDA|VA) 3 $335,000 $111,667 $1,666 4.99%
PANAMA CITY, FL (FHA|USDA|VA) 1 $325,000 $325,000 $12,880 4.75%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $305,000 $305,000 $8,177 4.50%
Brainerd, MN (FHA|USDA|VA) 2 $300,000 $150,000 $1,944 5.06%
Fergus Falls, MN (FHA|USDA|VA) 2 $290,000 $145,000 $2,305 3.37%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $290,000 $145,000 $3,837 4.13%
DULUTH, MN-WI (FHA|USDA|VA) 3 $285,000 $95,000 $2,290 5.37%
SPRINGFIELD, MO (FHA|USDA|VA) 1 $275,000 $275,000 $3,519 3.88%
FARGO, ND-MN (FHA|USDA|VA) 1 $275,000 $275,000 $3,999 4.88%
DANVILLE, IL (FHA|USDA|VA) 2 $260,000 $130,000 $2,296 4.38%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 2 $250,000 $125,000 $2,114 3.93%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 2 $250,000 $125,000 $3,611 4.94%
BOISE CITY, ID (FHA|USDA|VA) 2 $240,000 $120,000 $2,535 3.62%
SAVANNAH, GA (FHA|USDA|VA) 2 $240,000 $120,000 $3,004 4.31%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $235,000 $235,000 $4,516 5.00%
Brookings, SD (FHA|USDA|VA) 1 $225,000 $225,000 $6,526 4.00%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $225,000 $225,000 $4,912 4.63%
PEORIA, IL (FHA|USDA|VA) 1 $225,000 $225,000 $3,219 4.88%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 2 $210,000 $105,000 $2,102 4.62%
Whitewater, WI (FHA|USDA|VA) 2 $210,000 $105,000 $2,733 4.44%
TWIN FALLS, ID (FHA|USDA|VA) 2 $210,000 $105,000 $829 4.37%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 2 $210,000 $105,000 $3,052 4.69%
ASHEVILLE, NC (FHA|USDA|VA) 1 $205,000 $205,000 $4,418 4.75%
Newport, OR (FHA|USDA|VA) 1 $205,000 $205,000 $4,337 4.25%
KNOXVILLE, TN (FHA|USDA|VA) 1 $205,000 $205,000 $4,264 4.13%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $205,000 $205,000 $0 5.99%
JOHNSON CITY, TN (FHA|USDA|VA) 1 $195,000 $195,000 $3,920 4.63%
BOULDER, CO (FHA|USDA|VA) 1 $195,000 $195,000 $3,145 3.63%
Galesburg, IL (FHA|USDA|VA) 2 $190,000 $95,000 $979 5.24%
Marquette, MI (FHA|USDA|VA) 2 $190,000 $95,000 $1,184 4.37%
Faribault-Northfield, MN (FHA|USDA|VA) 2 $180,000 $90,000 $1,937 5.06%
RACINE, WI (FHA|USDA|VA) 1 $175,000 $175,000 $3,683 4.25%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 2 $170,000 $85,000 $2,146 4.25%
LANCASTER, PA (FHA|USDA|VA) 1 $165,000 $165,000 $4,665 4.75%
CHICO, CA (FHA|USDA|VA) 1 $165,000 $165,000 $3,573 4.88%
Minot, ND (FHA|USDA|VA) 1 $155,000 $155,000 $4,265 4.00%
TULSA, OK (FHA|USDA|VA) 1 $155,000 $155,000 $4,190 4.75%
MADISON, WI (FHA|USDA|VA) 3 $155,000 $51,667 $1,331 4.74%
Manitowoc, WI (FHA|USDA|VA) 1 $155,000 $155,000 $2,557 4.25%
ELKHART-GOSHEN, IN (FHA|USDA|VA) 1 $145,000 $145,000 $2,598 5.00%
GAINESVILLE, FL (FHA|USDA|VA) 1 $145,000 $145,000 $3,587 4.13%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $140,000 $70,000 $1,910 4.81%
WICHITA, KS (FHA|USDA|VA) 1 $135,000 $135,000 $2,831 4.63%
FORT WAYNE, IN (FHA|USDA|VA) 1 $125,000 $125,000 $2,425 4.50%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $125,000 $125,000 $2,478 3.63%
GETTYSBURG, PA (FHA|USDA|VA) 1 $125,000 $125,000 $3,194 4.88%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $125,000 $125,000 $3,006 4.00%
OKLAHOMA CITY, OK (FHA|USDA|VA) 2 $120,000 $60,000 $2,794 4.62%
Adrian, MI (FHA|USDA|VA) 2 $120,000 $60,000 $960 5.62%
ROCKFORD, IL (FHA|USDA|VA) 2 $120,000 $60,000 $1,497 5.00%
Austin, MN (FHA|USDA|VA) 1 $115,000 $115,000 $2,563 4.00%
SAGINAW, MI (FHA|USDA|VA) 1 $115,000 $115,000 $2,699 4.13%
RENO, NV (FHA|USDA|VA) 1 $115,000 $115,000 $2,545 4.63%
Fremont, NE (FHA|USDA|VA) 1 $115,000 $115,000 $2,761 4.88%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $115,000 $115,000 $3,259 4.00%
IDAHO FALLS, ID (FHA|USDA|VA) 1 $115,000 $115,000 $2,839 4.38%
North Platte, NE (FHA|USDA|VA) 1 $115,000 $115,000 $1,483 7.24%
Fairmont, MN (FHA|USDA|VA) 2 $110,000 $55,000 $697 3.99%
Craig, CO (FHA|USDA|VA) 1 $105,000 $105,000 $2,973 3.50%
FLINT, MI (FHA|USDA|VA) 1 $105,000 $105,000 $1,363 3.49%
ALTOONA, PA (FHA|USDA|VA) 1 $105,000 $105,000 $2,674 3.88%
PITTSBURGH, PA (FHA|USDA|VA) 1 $105,000 $105,000 $4,303 4.25%
Branson, MO (FHA|USDA|VA) 1 $105,000 $105,000 $1,605 4.50%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $105,000 $105,000 $2,480 4.75%
WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 1 $95,000 $95,000 $2,485 4.75%
GRAND JUNCTION, CO (FHA|USDA|VA) 1 $95,000 $95,000 $2,684 4.38%
GREELEY, CO (FHA|USDA|VA) 1 $95,000 $95,000 $2,646 3.88%
Yankton, SD (FHA|USDA|VA) 1 $95,000 $95,000 $3,035 4.25%
KANKAKEE, IL (FHA|USDA|VA) 1 $95,000 $95,000 $900 4.49%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $90,000 $45,000 $1,727 4.62%
ST. CLOUD, MN (FHA|USDA|VA) 1 $85,000 $85,000 $2,643 4.88%
COLUMBIA, MO (FHA|USDA|VA) 1 $85,000 $85,000 $2,031 3.88%
MIDLAND, MI (FHA|USDA|VA) 1 $85,000 $85,000 $405 4.49%
JOPLIN, MO (FHA|USDA|VA) 1 $85,000 $85,000 $2,629 3.50%
BEND, OR (FHA|USDA|VA) 1 $85,000 $85,000 $883 5.49%
Norfolk, NE (FHA|USDA|VA) 1 $75,000 $75,000 $833 3.99%
Red Bluff, CA (FHA|USDA|VA) 1 $75,000 $75,000 $820 6.49%
Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) 1 $75,000 $75,000 $2,913 4.00%
Outside of Metro Areas 1 $75,000 $75,000 $2,052 4.13%
LOUISVILLE, KY (FHA|USDA|VA) 1 $75,000 $75,000 $2,109 3.88%
Meadville, PA (FHA|USDA|VA) 1 $75,000 $75,000 $2,697 4.50%
Sedalia, MO (FHA|USDA|VA) 1 $75,000 $75,000 $458 4.49%
MANHATTAN, KS (FHA|USDA|VA) 1 $75,000 $75,000 $2,485 4.75%
TOPEKA, KS (FHA|USDA|VA) 1 $75,000 $75,000 $2,225 4.13%
Ottawa, IL (FHA|USDA|VA) 1 $75,000 $75,000 $3,021 5.00%
Wauchula, FL (FHA|USDA|VA) 1 $65,000 $65,000 $2,242 4.63%
Fort Morgan, CO (FHA|USDA|VA) 1 $65,000 $65,000 $3,111 3.88%
Marinette, WI-MI (FHA|USDA|VA) 1 $65,000 $65,000 $1,997 4.25%
ROCHESTER, MN (FHA|USDA|VA) 1 $65,000 $65,000 $2,710 4.00%
Sunbury, PA (FHA|USDA|VA) 2 $60,000 $30,000 $1,456 4.00%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $55,000 $55,000 $1,717 4.00%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $55,000 $55,000 $700 5.24%
SHEBOYGAN, WI (FHA|USDA|VA) 1 $55,000 $55,000 $708 3.99%
SALEM, OR (FHA|USDA|VA) 1 $55,000 $55,000 $708 5.24%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 1 $45,000 $45,000 $703 3.99%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $45,000 $45,000 $2,823 3.88%
MONROE, MI (FHA|USDA|VA) 1 $45,000 $45,000 $688 4.99%
TOLEDO, OH (FHA|USDA|VA) 1 $45,000 $45,000 $660 4.74%
Houghton, MI (FHA|USDA|VA) 1 $45,000 $45,000 $1,645 5.13%
HOT SPRINGS, AR (FHA|USDA|VA) 1 $45,000 $45,000 $1,992 4.75%
Astoria, OR (FHA|USDA|VA) 1 $35,000 $35,000 $602 4.49%
Scottsbluff, NE (FHA|USDA|VA) 1 $35,000 $35,000 $1,645 4.13%
Helena, MT (FHA|USDA|VA) 1 $35,000 $35,000 $1,438 5.74%
Marshall, MN (FHA|USDA|VA) 1 $35,000 $35,000 $841 3.99%
FORT COLLINS, CO (FHA|USDA|VA) 1 $35,000 $35,000 $634 3.49%
LAFAYETTE, LA (FHA|USDA|VA) 1 $35,000 $35,000 $673 6.99%
SIOUX FALLS, SD (FHA|USDA|VA) 1 $35,000 $35,000 $647 6.49%
Pittsburg, KS (FHA|USDA|VA) 1 $35,000 $35,000 $1,532 4.38%
Sheridan, WY (FHA|USDA|VA) 1 $35,000 $35,000 $600 3.99%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $25,000 $25,000 $458 6.49%
READING, PA (FHA|USDA|VA) 1 $25,000 $25,000 $583 2.49%
Norwalk, OH (FHA|USDA|VA) 1 $25,000 $25,000 $585 6.49%
Watertown-Fort Atkinson, WI (FHA|USDA|VA) 1 $25,000 $25,000 $583 2.49%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $25,000 $25,000 $1,615 3.75%
Paducah, KY-IL (FHA|USDA|VA) 1 $25,000 $25,000 $1,178 4.25%
Athens, OH (FHA|USDA|VA) 1 $15,000 $15,000 $515 6.74%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $15,000 $15,000 $536 5.74%
Ottawa, KS (FHA|USDA|VA) 1 $15,000 $15,000 $533 3.49%
YAKIMA, WA (FHA|USDA|VA) 1 $15,000 $15,000 $502 5.24%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $15,000 $15,000 $320 3.49%
ANN ARBOR, MI (FHA|USDA|VA) 1 $5,000 $5,000 $505 3.49%
Thrivent Federal Credit Union's top markets include Minneapolis, Fresno, San Diego, Phoenix, and San Francisco among others.

Their top states include:
  • Minnesota (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 516 $77,850,000 $150,872 $2,362 4.54%
    VA 7 $1,405,000 $200,714 $5,963 4.46%

    For 2018, Thrivent Federal Credit Union's most frequently originated type of loan was Conventional, with 516 originations. Their 2nd most popular type was VA, with 7 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 202 $40,050,000 $198,267 $3,553 4.56%
    Other 139 $10,215,000 $73,489 $1,225 4.62%
    Home Improvement 79 $4,155,000 $52,595 $872 4.60%
    Cash Out Refi 69 $11,855,000 $171,812 $2,806 4.45%
    Refi 34 $12,980,000 $381,765 $3,361 4.21%

    For 2018, Thrivent Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 202 originations. The 2nd most popular reason was Other, with 139 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 202 $44,730,000 $221,436 $3,780 4.54%
    15 Year 152 $14,220,000 $93,553 $1,472 4.69%
    10 Year 101 $14,785,000 $146,386 $1,620 4.71%
    5 Year 36 $1,400,000 $38,889 $654 3.87%
    20 Year 18 $3,120,000 $173,333 $3,476 4.66%
    3 Year 13 $645,000 $49,615 $744 2.99%
    1 Year 1 $355,000 $355,000 $5,056 7.75%

    For 2018, Thrivent Federal Credit Union's most frequently cited loan duration was 30 Year, with 202 originations. The 2nd most popular length was 15 Year, with 152 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 262 $16,030,000 $61,183
    $1k-2k 169 $27,975,000 $165,533
    $2k-3k 66 $21,810,000 $330,455
    $3k-4k 8 $2,460,000 $307,500
    $4k-5k 4 $1,090,000 $272,500
    $5k+ 3 $905,000 $301,667

    Thrivent Federal Credit Union's average total fees were $3,780, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 262 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 284 $53,460,000 $188,239
    3-4% 145 $17,675,000 $121,897
    5-6% 64 $6,340,000 $99,063
    6-7% 20 $700,000 $35,000
    <2.5% 7 $325,000 $46,429
    7-8% 2 $470,000 $235,000
    2.5-3% 1 $285,000 $285,000

    During 2018, Thrivent Federal Credit Union's average interest rate for loans was 4.54%, while their most frequently originated rate bucket for loans was 4-5%, with 284 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 253 $12,865,000 $50,850 $1,188 4.61%
    $100k-200k 148 $20,740,000 $140,135 $2,809 4.47%
    $200k-400k 95 $25,815,000 $271,737 $4,478 4.55%
    $400k-600k 21 $9,685,000 $461,190 $4,671 4.23%
    $600k-1MM 4 $2,540,000 $635,000 $5,484 4.25%
    $1MM+ 2 $7,610,000 $3,805,000 $0 4.85%

    2018 saw Thrivent Federal Credit Union place emphasis on $100,000 or less loans with 253 originations, totaling $12,865,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 112 $12,940,000 $115,536 $2,347 4.52%
    $75k-100k 111 $15,995,000 $144,099 $2,571 4.55%
    $50k or less 107 $9,525,000 $89,019 $2,182 4.59%
    $100k-150k 106 $16,120,000 $152,075 $2,220 4.51%
    $150k-250k 65 $12,195,000 $187,615 $2,890 4.54%
    $250k+ 18 $4,570,000 $253,889 $2,664 4.33%

    Thrivent Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 112 originations. The second most popular income band? $75k-100k, with 111 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 133 $15,995,000 $120,263 $2,283 4.49%
    30-36% 99 $13,005,000 $131,364 $2,070 4.54%
    <20% 34 $5,140,000 $151,176 $2,272 4.41%
    39% 27 $3,405,000 $126,111 $1,929 4.76%
    42% 24 $3,490,000 $145,417 $2,323 4.58%
    38% 24 $3,490,000 $145,417 $2,706 4.51%
    40% 24 $2,400,000 $100,000 $2,077 4.38%
    44% 22 $4,100,000 $186,364 $3,523 4.48%
    36% 16 $2,450,000 $153,125 $2,447 4.43%
    41% 15 $2,235,000 $149,000 $2,403 4.77%
    43% 15 $2,295,000 $153,000 $3,712 4.38%
    37% 14 $1,500,000 $107,143 $1,820 4.61%
    48% 13 $2,435,000 $187,308 $2,876 4.64%
    45% 13 $1,875,000 $144,231 $2,605 4.70%
    47% 12 $2,100,000 $175,000 $4,079 4.58%
    46% 10 $1,660,000 $166,000 $3,039 4.60%
    50-60% 10 $1,280,000 $128,000 $2,142 4.28%
    49% 9 $1,675,000 $186,111 $3,270 4.92%
    >60% 5 $815,000 $163,000 $1,662 4.99%

    Thrivent Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 133 originations. The next most common DTI ratio? 30-36%, with 99 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 456 $62,180,000 $136,360 $2,417 4.55%
    Not applicable 4 $7,910,000 $1,977,500 $0 5.65%
    Not provided 41 $5,565,000 $135,732 $2,193 4.41%
    Black 14 $2,120,000 $151,429 $2,715 4.59%
    Asian 5 $895,000 $179,000 $2,994 4.27%
    Other Pacific Islander 1 $405,000 $405,000 $3,815 4.88%
    Asian Indian 1 $105,000 $105,000 $2,643 4.13%
    American Indian 1 $75,000 $75,000 $833 3.99%

    Approval Rates

    Total approvals of all applications
    87.52%

    Thrivent Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    65.39%

    Thrivent Federal Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 523 $79,255,000 $151,539

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $7,705,000 $2,568,333
    Single Family (1-4 Units):Manufactured 3 $215,000 $71,667
    Single Family (1-4 Units):Site-Built 517 $71,335,000 $137,979

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 90 $8,430,000 $93,667 $1,572 4.46%
    40-60% 61 $10,715,000 $175,656 $2,742 4.34%
    60-80% 111 $30,345,000 $273,378 $3,770 4.47%
    80-100% 114 $22,470,000 $197,105 $3,617 4.56%
    Over 100% 2 $480,000 $240,000 $7,108 4.87%
    Under 20% 145 $6,815,000 $47,000 $780 4.72%