Three Rivers Federal Credit Union Mortgage Rates, Fees & Info
Fort Wayne, INLEI: 549300ZBBGOL4MIK0L71
Tax ID: 35-0885395
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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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 8.21% | 4/19/24 |
| 30 Year Conventional Purchase | 6.84% | 4/19/24 |
| 30 Year Conventional Refi | 6.66% | 4/19/24 |
| 30 Year Cash-out Refi | 6.87% | 4/19/24 |
| 30 Year USDA Purchase | 7.07% | 4/19/24 |
| 15 Year Conventional Purchase | 6.29% | 4/19/24 |
| 15 Year Conventional Refi | 6.16% | 4/19/24 |
| 15 Year Cash-out Refi | 6.16% | 4/19/24 |
| 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
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This is not an official calculator from Three Rivers Federal Credit Union. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,307Origination Dollar Volume (All Markets)
$3,471,735,000Awards
Three Rivers Federal Credit Union - 2023
Three Rivers Federal Credit Union is a 2023 , due to their low .
For 2023, 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 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% |
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Product Mix
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
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
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
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
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
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
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
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
Approval Rates
Total approvals of all applications86.45%
Three Rivers Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination80.62%
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 |