Three Rivers Federal Credit Union Mortgage Rates, Fees & Info
Fort Wayne, INLEI: 549300ZBBGOL4MIK0L71
Tax ID: 35-0885395
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Three Rivers Federal Credit Union is a small credit union specializing in 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.) Their top markets include Fort Wayne, Richmond, Warsaw, Huntington, and Auburn among others. Three Rivers Federal Credit Union has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Three Rivers Federal Credit Union is typically a low fee lendor.Originations
4,266Origination Dollar Volume (All Markets)
$1,911,840,000Awards
Three Rivers Federal Credit Union - 2021
Three Rivers Federal Credit Union is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Three Rivers Federal Credit Union's average 30 year fixed rate mortgage of loans were
3.28%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of 0.13%.
Relative Fees
Three Rivers Federal Credit Union's average total fees for a 30 year fixed rate
mortgage are $2,446.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| FORT WAYNE, IN (FHA|USDA|VA) | 2,822 | $1,088,440,000 | $385,698 | $2,289 | 3.37% |
| Richmond, IN (FHA|USDA|VA) | 195 | $342,355,000 | $1,755,667 | $2,414 | 3.43% |
| Warsaw, IN (FHA|USDA|VA) | 48 | $219,340,000 | $4,569,583 | $2,656 | 3.22% |
| Huntington, IN (FHA|USDA|VA) | 60 | $73,450,000 | $1,224,167 | $2,416 | 3.44% |
| Auburn, IN (FHA|USDA|VA) | 203 | $33,955,000 | $167,266 | $2,514 | 3.35% |
| Bluffton, IN (FHA|USDA|VA) | 170 | $24,270,000 | $142,765 | $2,387 | 3.42% |
| Angola, IN (FHA|USDA|VA) | 104 | $23,340,000 | $224,423 | $2,630 | 3.29% |
| Kendallville, IN (FHA|USDA|VA) | 145 | $22,115,000 | $152,517 | $2,418 | 3.24% |
| Outside of Metro Areas | 115 | $20,165,000 | $175,348 | $2,836 | 3.37% |
| Decatur, IN (FHA|USDA|VA) | 76 | $12,230,000 | $160,921 | $2,512 | 3.19% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 51 | $11,625,000 | $227,941 | $2,737 | 3.35% |
| Wapakoneta, OH (FHA|USDA|VA) | 69 | $6,885,000 | $99,783 | $3,002 | 3.33% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 9 | $4,045,000 | $449,444 | $5,142 | 2.72% |
| Van Wert, OH (FHA|USDA|VA) | 32 | $3,540,000 | $110,625 | $3,105 | 3.55% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 28 | $3,110,000 | $111,071 | $3,132 | 3.25% |
| Celina, OH (FHA|USDA|VA) | 16 | $1,770,000 | $110,625 | $3,064 | 3.27% |
| Defiance, OH (FHA|USDA|VA) | 11 | $1,475,000 | $134,091 | $3,123 | 3.59% |
| Wabash, IN (FHA|USDA|VA) | 7 | $1,385,000 | $197,857 | $2,620 | 3.04% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 4 | $1,260,000 | $315,000 | $4,152 | 2.75% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 8 | $1,140,000 | $142,500 | $2,605 | 3.41% |
| Connersville, IN (FHA|USDA|VA) | 10 | $820,000 | $82,000 | $2,790 | 3.44% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $4,355 | 2.75% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $3,962 | 3.00% |
| NILES, MI (FHA|USDA|VA) | 3 | $755,000 | $251,667 | $3,441 | 3.08% |
| Plymouth, IN (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $2,457 | 3.75% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 4 | $740,000 | $185,000 | $2,379 | 3.13% |
| TOLEDO, OH (FHA|USDA|VA) | 5 | $735,000 | $147,000 | $5,111 | 3.63% |
| New Castle, IN (FHA|USDA|VA) | 6 | $730,000 | $121,667 | $2,390 | 3.73% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $2,652 | 2.92% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 4 | $700,000 | $175,000 | $2,565 | 3.00% |
| Sidney, OH (FHA|USDA|VA) | 5 | $665,000 | $133,000 | $3,544 | 3.15% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $3,769 | 3.00% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $2,617 | 2.46% |
| MUNCIE, IN (FHA|USDA|VA) | 5 | $555,000 | $111,000 | $2,434 | 3.65% |
| Marion, IN (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $2,190 | 4.08% |
| Key West, FL (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $5,459 | 2.50% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $2,485 | 3.33% |
| Adrian, MI (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $3,264 | 3.50% |
| Sturgis, MI (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $3,222 | 3.25% |
| Ludington, MI (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,933 | 2.38% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,745 | 4.00% |
| LIMA, OH (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,793 | 3.75% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,255 | 2.75% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,646 | 3.25% |
| Peru, IN (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $2,215 | 2.63% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,497 | 2.38% |
| KOKOMO, IN (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $2,528 | 3.44% |
| Urbana, OH (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,986 | 3.13% |
| AKRON, OH (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,126 | 3.00% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,847 | 2.25% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,570 | 3.13% |
| Wooster, OH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,755 | 2.50% |
| SAGINAW, MI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,693 | 3.38% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,411 | 3.25% |
| Bedford, IN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,231 | 3.50% |
| Greenville, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,279 | 2.88% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,524 | 3.00% |
| Frankfort, IN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,993 | 3.00% |
| Bellefontaine, OH (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,704 | 2.38% |
| ANN ARBOR, MI (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $124 | 3.99% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 4.50% |
Three Rivers Federal Credit Union's top markets include Fort Wayne, Richmond, Warsaw, Huntington, and Auburn among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 4,259 | $1,909,925,000 | $448,444 | $2,401 | 3.36% |
| FHA | 4 | $650,000 | $162,500 | $3,857 | 4.31% |
| VA | 3 | $1,265,000 | $421,667 | $5,638 | 2.58% |
For the 2021 period, Three Rivers Federal Credit Union's most frequently originated loan type of loans were Conventional, with 4,259 originations. Their 2nd most popular type is FHA, with 4 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 1,393 | $324,085,000 | $232,653 | $2,859 | 3.41% |
| Refi | 884 | $1,377,090,000 | $1,557,794 | $2,217 | 2.67% |
| Home Improvement | 838 | $73,290,000 | $87,458 | $2,054 | 3.80% |
| Cash Out Refi | 832 | $103,300,000 | $124,159 | $2,123 | 3.53% |
| Other | 319 | $34,075,000 | $106,818 | $2,045 | 3.48% |
For the 2021, Three Rivers Federal Credit Union's most frequently cited loan purpose of loans were Home Purchase, with 1,393 originations. The 2nd most popular reason of loans were Refi, with 884 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 15 Year | 1,555 | $1,433,335,000 | $921,759 | $2,237 | 3.38% |
| 30 Year | 1,386 | $254,680,000 | $183,752 | $2,446 | 3.28% |
| 10 Year | 493 | $42,305,000 | $85,811 | $1,480 | 3.37% |
| 20 Year | 446 | $73,850,000 | $165,583 | $2,348 | 2.98% |
| 30+ year | 202 | $69,170,000 | $342,426 | $3,917 | 3.59% |
| Other | 95 | $29,145,000 | $306,789 | $4,267 | 4.49% |
| 3 Year | 49 | $4,375,000 | $89,286 | $0 | 3.76% |
| 1 Year | 23 | $4,565,000 | $198,478 | $0 | 5.70% |
| 5 Year | 17 | $415,000 | $24,412 | $186 | 4.37% |
For the 2021, Three Rivers Federal Credit Union's most frequently cited loan length of loans were 15 Year, with 1,555 originations. The 2nd most popular length of loans were 30 Year, with 1,386 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 3,109 | $586,595,000 | $188,676 |
| $<1k | 233 | $14,415,000 | $61,867 |
| $2k-3k | 52 | $13,640,000 | $262,308 |
| $3k-4k | 6 | $1,620,000 | $270,000 |
| $5k+ | 3 | $1,655,000 | $551,667 |
$2,446 of loans were Three Rivers Federal Credit Union's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 3,109 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 1,788 | $376,090,000 | $210,341 |
| 2.5-3% | 877 | $178,815,000 | $203,894 |
| <2.5% | 858 | $126,810,000 | $147,797 |
| 4-5% | 476 | $1,206,060,000 | $2,533,739 |
| 5-6% | 253 | $22,455,000 | $88,755 |
| 6-7% | 14 | $1,610,000 | $115,000 |
During 2021, Three Rivers Federal Credit Union's average interest rate of loans were 3.28%, while their most frequently originated rate bucket of loans were 3-4%, with 1,788 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 1,609 | $92,915,000 | $57,747 | $1,867 | 3.70% |
| $100k-200k | 1,558 | $220,990,000 | $141,842 | $2,329 | 3.13% |
| $200k-400k | 863 | $231,735,000 | $268,523 | $2,769 | 3.18% |
| $400k-600k | 175 | $82,945,000 | $473,971 | $3,397 | 3.25% |
| $600k-1MM | 43 | $30,665,000 | $713,140 | $3,835 | 2.98% |
| $1MM+ | 18 | $1,252,590,000 | $69,588,333 | $7,662 | 3.49% |
2021 saw Three Rivers Federal Credit Union place emphasis on $100,000 or less loans with 1,609 originations, totaling $92,915,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k-75k | 990 | $119,830,000 | $121,040 | $2,319 | 3.35% |
| $50k or less | 990 | $93,080,000 | $94,020 | $2,198 | 3.32% |
| $100k-150k | 917 | $173,815,000 | $189,547 | $2,471 | 3.39% |
| $75k-100k | 763 | $116,415,000 | $152,575 | $2,384 | 3.39% |
| $150k-250k | 406 | $100,580,000 | $247,734 | $2,669 | 3.38% |
| $250k+ | 172 | $68,230,000 | $396,686 | $3,448 | 3.22% |
Three Rivers Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 990 originations. The second most popular income band? $50k or less, with 990 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 1,259 | $191,545,000 | $152,141 | $2,380 | 3.23% |
| 30-36% | 801 | $131,085,000 | $163,652 | $2,462 | 3.38% |
| <20% | 654 | $92,690,000 | $141,728 | $2,346 | 3.17% |
| 43% | 138 | $21,000,000 | $152,174 | $2,297 | 3.46% |
| 40% | 136 | $22,280,000 | $163,824 | $2,444 | 3.48% |
| 42% | 129 | $24,425,000 | $189,341 | $2,647 | 3.50% |
| 37% | 128 | $22,980,000 | $179,531 | $2,507 | 3.48% |
| 38% | 126 | $23,360,000 | $185,397 | $2,538 | 3.49% |
| 36% | 124 | $18,090,000 | $145,887 | $2,326 | 3.65% |
| 39% | 119 | $20,105,000 | $168,950 | $2,535 | 3.38% |
| 44% | 119 | $17,365,000 | $145,924 | $2,353 | 3.49% |
| 41% | 103 | $18,575,000 | $180,340 | $2,597 | 3.46% |
| 45% | 92 | $14,910,000 | $162,065 | $2,372 | 3.59% |
| 46% | 73 | $12,945,000 | $177,329 | $2,466 | 3.42% |
| 48% | 63 | $12,125,000 | $192,460 | $2,484 | 3.47% |
| 50-60% | 59 | $6,985,000 | $118,390 | $1,747 | 4.17% |
| 47% | 55 | $9,055,000 | $164,636 | $2,258 | 3.74% |
| 49% | 53 | $9,135,000 | $172,358 | $2,160 | 3.59% |
| >60% | 24 | $4,890,000 | $203,750 | $2,363 | 3.65% |
Three Rivers Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 1,259 originations. The next most common DTI ratio? 30-36%, with 801 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 8 | $1,237,400,000 | $154,675,000 | $0 | 4.39% |
| White | 3,828 | $597,960,000 | $156,207 | $2,405 | 3.37% |
| Not provided | 265 | $43,965,000 | $165,906 | $2,306 | 3.28% |
| Black | 79 | $15,665,000 | $198,291 | $2,653 | 3.35% |
| Asian | 41 | $7,405,000 | $180,610 | $2,421 | 3.18% |
| American Indian | 24 | $3,400,000 | $141,667 | $2,277 | 3.61% |
| Asian Indian | 10 | $3,040,000 | $304,000 | $2,961 | 3.09% |
| Other Asian | 5 | $1,285,000 | $257,000 | $2,694 | 2.70% |
| Filipino | 3 | $815,000 | $271,667 | $2,346 | 2.79% |
| Chinese | 1 | $485,000 | $485,000 | $4,054 | 3.50% |
| Vietnamese | 1 | $275,000 | $275,000 | $0 | 4.00% |
| Native Hawaiian | 1 | $145,000 | $145,000 | $2,210 | 2.63% |
Approval Rates
Total approvals of all applications93.14%
Three Rivers Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination87.10%
Three Rivers Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 4,266 | $1,911,840,000 | $448,158 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4,266 | $1,911,840,000 | $448,158 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 545 | $41,665,000 | $76,450 | $1,694 | 3.81% |
| 40-60% | 631 | $84,045,000 | $133,193 | $2,256 | 2.92% |
| 60-80% | 1,553 | $284,825,000 | $183,403 | $2,463 | 3.09% |
| 80-100% | 1,065 | $245,565,000 | $230,577 | $2,751 | 3.31% |
| Over 100% | 1 | $63,755,000 | $63,755,000 | $0 | 4.37% |
| Under 20% | 464 | $18,210,000 | $39,246 | $322 | 4.42% |
