Three Rivers Federal Credit Union Mortgage Rates, Fees & Info

Fort Wayne, IN

LEI: 549300ZBBGOL4MIK0L71

Tax ID: 35-0885395

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Mortgage Data

Review & 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 by origination volume include: Fort Wayne, Richmond, Warsaw, Huntington, and Auburn among others. We have data for 61 markets. (Some data included below & more in-depth data is available with an active subscription.)

Three Rivers 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. 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 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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 8.21% 3/28/24
30 Year Conventional Purchase 6.84% 3/28/24
30 Year Conventional Refi 6.66% 3/28/24
30 Year Cash-out Refi 6.87% 3/28/24
30 Year USDA Purchase 7.07% 3/28/24
15 Year Conventional Purchase 6.29% 3/28/24
15 Year Conventional Refi 6.16% 3/28/24
15 Year Cash-out Refi 6.16% 3/28/24
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

4,266

Origination Dollar Volume (All Markets)

$1,911,840,000
Show all (5) 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
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.

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.

    The Riddell National Bank
    Similarity Rank: 252
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    BEACON CREDIT UNION
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 3,403 $1,853,395,000 $544,636 $2,401 3.12%
    HELOC 856 $56,530,000 $66,040 n/a 4.33%
    FHA 4 $650,000 $162,500 $3,857 4.31%
    VA 3 $1,265,000 $421,667 $5,638 2.58%

    For 2021, Three Rivers Federal Credit Union's most frequently originated type of loan was Conventional, with 3,403 originations. Their 2nd most popular type was HELOC, with 856 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Three Rivers Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 1,393 originations. The 2nd most popular reason was 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 2021, Three Rivers Federal Credit Union's most frequently cited loan duration was 15 Year, with 1,555 originations. The 2nd most popular length was 30 Year, with 1,386 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost 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 5 $1,335,000 $267,000
    $5k+ 3 $1,655,000 $551,667
    $4k-5k 1 $285,000 $285,000

    Three Rivers Federal Credit Union's average total fees were $2,446, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.28%, while their most frequently originated rate bucket for loans was 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 or Islander 1 $145,000 $145,000 $2,210 2.63%

    Approval Rates

    Total approvals of all applications
    94.12%

    Three Rivers Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.05%

    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%