Three Rivers Federal Credit Union Mortgage Rates, Fees & Info

Fort Wayne, IN

LEI: 549300ZBBGOL4MIK0L71

Tax ID: 35-0885395

5 stars - Updated: 5/20/24 - out of 5 stars, based on 48 reviews

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

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Mortgage Data

Review & Overview

Three Rivers Federal Credit Union is a mid-sized credit union specializing in Home Purchase and Cash Out Refi loans. Three Rivers Federal Credit Union has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Fort Wayne, Richmond, Indianapolis, Greenville, and Cincinnati among others. We have data for 50 markets. (Some data included below & more in-depth data is available with an active subscription.)

Three Rivers 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. Three Rivers 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 relatively high 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
Home Equity Line of Credit (HELOC) 8.21% 5/20/24
30 Year Conventional Purchase 6.84% 5/20/24
30 Year Conventional Refi 6.66% 5/20/24
30 Year Cash-out Refi 6.87% 5/20/24
30 Year USDA Purchase 7.07% 5/20/24
15 Year Conventional Purchase 6.29% 5/20/24
15 Year Conventional Refi 6.16% 5/20/24
15 Year Cash-out Refi 6.16% 5/20/24
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.

Three Rivers 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 Three Rivers 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

2,307

Origination Dollar Volume (All Markets)

$3,471,735,000

Awards

Three Rivers Federal Credit Union 30 Year Conventional Loans silver Three Rivers Federal Credit Union 30 Year Conventional Loans silver Three Rivers Federal Credit Union 30 Year Conventional Loans silver Three Rivers Federal Credit Union 30 Year Conventional Loans silver
Show all (4) awards

Relative Rate

Three Rivers Federal Credit Union's average 30 year fixed mortgage rate was 6.97%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.49%.

Relative Fees (Closing Costs)

Three Rivers Federal Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $2,790.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
FORT WAYNE, IN (FHA|USDA|VA) 1,463 $1,496,275,000 $1,022,744 $1,988 7.96%
Richmond, IN (FHA|USDA|VA) 169 $1,043,525,000 $6,174,704 $1,939 7.77%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 56 $475,030,000 $8,482,679 $2,108 8.00%
Greenville, OH (FHA|USDA|VA) 1 $300,005,000 $300,005,000 $0 7.22%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 16 $62,280,000 $3,892,500 $1,279 7.75%
Auburn, IN (FHA|USDA|VA) 96 $14,960,000 $155,833 $2,172 7.79%
Kendallville, IN (FHA|USDA|VA) 91 $11,735,000 $128,956 $1,818 8.08%
Angola, IN (FHA|USDA|VA) 53 $10,795,000 $203,679 $2,363 8.12%
Bluffton, IN (FHA|USDA|VA) 79 $10,605,000 $134,241 $2,067 8.31%
Warsaw, IN (FHA|USDA|VA) 26 $8,170,000 $314,231 $2,397 7.94%
Outside of Metro Areas 54 $7,180,000 $132,963 $2,133 7.78%
Huntington, IN (FHA|USDA|VA) 44 $6,610,000 $150,227 $2,312 7.91%
Decatur, IN (FHA|USDA|VA) 43 $4,995,000 $116,163 $1,905 8.54%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $1,915,000 $638,333 $6,607 6.25%
Wapakoneta, OH (FHA|USDA|VA) 24 $1,670,000 $69,583 $2,218 8.59%
Defiance, OH (FHA|USDA|VA) 7 $1,455,000 $207,857 $3,665 7.16%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 4 $1,400,000 $350,000 $2,838 7.94%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 4 $1,240,000 $310,000 $4,879 7.41%
Marion, IN (FHA|USDA|VA) 5 $1,155,000 $231,000 $2,992 8.38%
MUNCIE, IN (FHA|USDA|VA) 9 $975,000 $108,333 $1,141 7.89%
ELKHART-GOSHEN, IN (FHA|USDA|VA) 4 $970,000 $242,500 $3,216 8.00%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 2 $900,000 $450,000 $2,823 6.38%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $855,000 $855,000 $8,142 7.00%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 2 $780,000 $390,000 $2,072 8.63%
Wabash, IN (FHA|USDA|VA) 3 $615,000 $205,000 $2,985 6.96%
Celina, OH (FHA|USDA|VA) 5 $545,000 $109,000 $3,287 8.18%
New Castle, IN (FHA|USDA|VA) 6 $530,000 $88,333 $1,527 8.40%
LOUISVILLE, KY (FHA|USDA|VA) 2 $500,000 $250,000 $1,380 8.31%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $415,000 $415,000 $14,023 7.63%
Van Wert, OH (FHA|USDA|VA) 7 $415,000 $59,286 $2,310 8.50%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 2 $370,000 $185,000 $2,480 7.19%
BLOOMINGTON, IN (FHA|USDA|VA) 1 $335,000 $335,000 $2,628 5.63%
Coldwater, MI (FHA|USDA|VA) 1 $305,000 $305,000 $3,254 7.50%
FLINT, MI (FHA|USDA|VA) 2 $300,000 $150,000 $0 9.38%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $295,000 $295,000 $4,790 6.50%
TOLEDO, OH (FHA|USDA|VA) 2 $250,000 $125,000 $2,992 7.25%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $225,000 $225,000 $3,869 7.00%
Peru, IN (FHA|USDA|VA) 3 $155,000 $51,667 $1,733 7.21%
Jackson, OH (FHA|USDA|VA) 1 $135,000 $135,000 $3,711 7.25%
NILES, MI (FHA|USDA|VA) 2 $130,000 $65,000 $612 8.88%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $125,000 $125,000 $3,248 5.88%
Plymouth, IN (FHA|USDA|VA) 1 $125,000 $125,000 $2,478 6.50%
Sturgis, MI (FHA|USDA|VA) 1 $95,000 $95,000 $2,708 7.13%
Connersville, IN (FHA|USDA|VA) 2 $90,000 $45,000 $393 9.00%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $85,000 $85,000 $2,946 7.63%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $55,000 $55,000 $199 8.00%
Hillsdale, MI (FHA|USDA|VA) 1 $55,000 $55,000 $199 9.25%
Bellefontaine, OH (FHA|USDA|VA) 1 $45,000 $45,000 $0 9.50%
TERRE HAUTE, IN (FHA|USDA|VA) 1 $35,000 $35,000 $2,909 5.63%
LIMA, OH (FHA|USDA|VA) 1 $25,000 $25,000 $0 9.75%
Three Rivers Federal Credit Union's top markets include Fort Wayne, Richmond, Indianapolis, Greenville, and Cincinnati among others.

Their top states include:
  • Indiana (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Three Rivers Federal Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Minster Bank
    Similarity Rank: 36
    Crossroads Bank
    Similarity Rank: 119
    INTERRA CREDIT UNION
    Similarity Rank: 216
    The Union Bank Company
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    ProFed Federal Credit Union
    Similarity Rank: 380
    Superior Credit Union, Inc.
    Similarity Rank: 392
    BEACON CREDIT UNION
    Similarity Rank: 420
    Mutual Savings Bank
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,676 $2,652,240,000 $1,582,482 $2,049 7.44%
    HELOC 629 $819,205,000 $1,302,393 n/a 9.37%
    FHA 1 $175,000 $175,000 $2,099 5.75%
    USDA 1 $115,000 $115,000 $3,419 7.50%

    For 2023, Three Rivers Federal Credit Union's most frequently originated type of loan was Conventional, with 1,676 originations. Their 2nd most popular type was HELOC, with 629 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,015 $1,023,845,000 $1,008,714 $2,959 7.06%
    Home Improvement 658 $38,320,000 $58,237 $424 9.02%
    Other 303 $21,925,000 $72,360 $411 8.64%
    Cash Out Refi 275 $2,332,395,000 $8,481,436 $1,539 8.22%
    Refi 56 $55,250,000 $986,607 $2,135 6.98%

    For 2023, Three Rivers Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 1,015 originations. The 2nd most popular reason was Home Improvement, with 658 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 875 $180,035,000 $205,754 $2,790 6.97%
    15 Year 717 $2,136,875,000 $2,980,300 $1,076 8.98%
    5 Year 295 $25,935,000 $87,915 $208 8.57%
    10 Year 292 $13,420,000 $45,959 $284 8.23%
    30+ year 88 $35,530,000 $403,750 $4,325 7.17%
    20 Year 30 $7,620,000 $254,000 $2,745 6.64%
    Other 8 $304,310,000 $38,038,750 $4,878 6.95%
    1 Year 2 $768,010,000 $384,005,000 $0 10.00%

    For 2023, Three Rivers Federal Credit Union's most frequently cited loan duration was 30 Year, with 875 originations. The 2nd most popular length was 15 Year, with 717 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,018 $241,100,000 $236,837
    $<1k 573 $34,395,000 $60,026
    $2k-3k 37 $6,695,000 $180,946
    $3k-4k 17 $4,055,000 $238,529
    $4k-5k 12 $2,450,000 $204,167
    $5k+ 7 $2,125,000 $303,571

    Three Rivers Federal Credit Union's average total fees were $2,790, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,018 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 1,045 $1,147,235,000 $1,097,833
    6-7% 642 $1,099,260,000 $1,712,243
    7-8% 541 $1,209,515,000 $2,235,702
    5-6% 77 $15,235,000 $197,857
    4-5% 2 $490,000 $245,000

    During 2023, Three Rivers Federal Credit Union's average interest rate for loans was 6.97%, while their most frequently originated rate bucket for loans was Over 8%, with 1,045 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,146 $58,420,000 $50,977 $847 8.61%
    $100k-200k 575 $81,205,000 $141,226 $2,480 7.49%
    $200k-400k 425 $114,935,000 $270,435 $2,987 7.18%
    $400k-600k 103 $49,015,000 $475,874 $3,688 7.02%
    $600k-1MM 35 $26,145,000 $747,000 $4,066 7.12%
    $1MM+ 23 $3,142,015,000 $136,609,348 $5,875 7.56%

    2023 saw Three Rivers Federal Credit Union place emphasis on $100,000 or less loans with 1,146 originations, totaling $58,420,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 567 $56,515,000 $99,674 $1,829 7.92%
    $100k-150k 501 $81,205,000 $162,086 $2,071 8.03%
    $75k-100k 436 $53,370,000 $122,408 $1,824 8.13%
    $50k or less 343 $25,835,000 $75,321 $1,852 7.81%
    $150k-250k 299 $66,585,000 $222,692 $2,467 7.99%
    $250k+ 137 $57,765,000 $421,642 $3,279 7.71%

    Three Rivers Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 567 originations. The second most popular income band? $100k-150k, with 501 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 465 $69,655,000 $149,796 $2,238 7.73%
    30-36% 402 $53,630,000 $133,408 $2,054 7.99%
    <20% 197 $25,655,000 $130,228 $2,073 7.78%
    49% 117 $16,255,000 $138,932 $1,515 8.45%
    39% 96 $18,000,000 $187,500 $2,064 7.94%
    41% 93 $15,285,000 $164,355 $2,219 7.99%
    44% 93 $15,775,000 $169,624 $2,070 8.13%
    48% 89 $15,155,000 $170,281 $1,778 8.26%
    45% 86 $16,720,000 $194,419 $2,291 7.87%
    37% 85 $11,325,000 $133,235 $1,948 8.05%
    43% 84 $13,940,000 $165,952 $2,114 8.03%
    36% 84 $11,820,000 $140,714 $1,964 7.89%
    47% 83 $10,695,000 $128,855 $1,605 8.26%
    42% 82 $12,670,000 $154,512 $2,136 7.79%
    38% 76 $10,270,000 $135,132 $2,169 8.09%
    46% 74 $10,470,000 $141,486 $1,844 8.26%
    40% 66 $9,730,000 $147,424 $2,071 7.91%
    50-60% 12 $1,550,000 $129,167 $1,784 8.26%
    >60% 7 $3,415,000 $487,857 $2,372 7.75%

    Three Rivers Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 465 originations. The next most common DTI ratio? 30-36%, with 402 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 15 $2,961,715,000 $197,447,667 $0 7.59%
    White 2,000 $292,600,000 $146,300 $2,019 7.97%
    Not provided 162 $191,590,000 $1,182,654 $2,082 8.03%
    Black 76 $14,590,000 $191,974 $2,242 7.95%
    Asian 30 $7,110,000 $237,000 $2,643 7.35%
    Asian Indian 4 $1,480,000 $370,000 $3,435 7.69%
    American Indian 11 $1,155,000 $105,000 $2,014 7.95%
    Chinese 1 $485,000 $485,000 $2,797 6.63%
    Other Pacific Islander 3 $385,000 $128,333 $2,632 7.29%
    Filipino 2 $320,000 $160,000 $5,550 8.63%
    Other Asian 1 $185,000 $185,000 $2,474 6.25%
    Native Hawaiian or Islander 2 $120,000 $60,000 $1,563 7.69%

    Approval Rates

    Total approvals of all applications
    86.45%

    Three Rivers Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.62%

    Three Rivers Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,307 $3,471,735,000 $1,504,870

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,307 $3,471,735,000 $1,504,870

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 555 $44,685,000 $80,514 $715 8.77%
    40-60% 187 $26,915,000 $143,930 $2,272 7.64%
    60-80% 389 $93,145,000 $239,447 $3,028 7.18%
    80-100% 595 $153,415,000 $257,840 $2,963 6.98%
    Over 100% 14 $2,825,710,000 $201,836,429 $0 7.66%
    Under 20% 565 $23,855,000 $42,221 $242 8.86%