Deere Employees Credit Union Mortgage Rates, Fees & Info

Moline, IL

LEI: 254900378RFGMBEKAF12

Tax ID: 36-2472059

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Deere Employees Credit Union is a smaller credit union specializing in Home Purchase loans. Deere Employees Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Davenport, Des Moines, Waterloo, Kansas City, and Dubuque among others. We have data for 163 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Deere Employees 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. Deere Employees 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
    Home Equity Line of Credit (HELOC) 6.41% 12/16/24
    30 Year Conventional Purchase 6.22% 12/16/24
    30 Year Conventional Refi 6.19% 12/16/24
    30 Year Cash-out Refi 6.27% 12/16/24
    15 Year Conventional Purchase 5.47% 12/16/24
    15 Year Conventional Refi 5.70% 12/16/24
    15 Year Cash-out Refi 5.70% 12/16/24
    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.

    Deere Employees Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Deere Employees 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

    1,762

    Origination Dollar Volume (All Markets)

    $231,930,000
    Show all (13) 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
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 513 $61,525,000 $119,932 $4,675 4.25%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 225 $31,475,000 $139,889 $5,223 4.22%
    WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 123 $13,385,000 $108,821 $2,392 4.35%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 61 $12,415,000 $203,525 $2,452 4.04%
    Outside of Metro Areas 128 $12,220,000 $95,469 $2,681 4.24%
    DUBUQUE, IA (FHA|USDA|VA) 59 $7,505,000 $127,203 $2,531 4.33%
    RALEIGH-CARY, NC (FHA|USDA|VA) 40 $7,200,000 $180,000 $3,243 4.08%
    FARGO, ND-MN (FHA|USDA|VA) 42 $6,320,000 $150,476 $2,835 4.33%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 44 $5,670,000 $128,864 $2,948 4.10%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 7 $3,265,000 $466,429 $5,942 4.00%
    Beaver Dam, WI (FHA|USDA|VA) 32 $3,180,000 $99,375 $11,806 4.51%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 13 $2,995,000 $230,385 $3,422 3.96%
    SPRINGFIELD, MO (FHA|USDA|VA) 14 $2,120,000 $151,429 $2,625 4.23%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 10 $1,990,000 $199,000 $3,539 4.27%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 16 $1,660,000 $103,750 $5,037 4.39%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 14 $1,650,000 $117,857 $2,225 4.24%
    Ottumwa, IA (FHA|USDA|VA) 19 $1,605,000 $84,474 $2,409 4.35%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 7 $1,525,000 $217,857 $3,982 4.23%
    MADISON, WI (FHA|USDA|VA) 9 $1,495,000 $166,111 $2,934 3.91%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 7 $1,475,000 $210,714 $3,897 3.57%
    CEDAR RAPIDS, IA (FHA|USDA|VA) 9 $1,435,000 $159,444 $2,400 4.16%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 9 $1,405,000 $156,111 $3,971 4.02%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 5 $1,285,000 $257,000 $6,358 3.77%
    CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 6 $1,250,000 $208,333 $2,241 4.14%
    AMES, IA (FHA|USDA|VA) 11 $1,235,000 $112,273 $2,403 4.17%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 7 $1,185,000 $169,286 $3,784 4.00%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 3 $1,175,000 $391,667 $4,519 4.04%
    WINSTON-SALEM, NC (FHA|USDA|VA) 12 $1,110,000 $92,500 $2,806 4.25%
    Coffeyville, KS (FHA|USDA|VA) 11 $1,045,000 $95,000 $2,628 4.45%
    Platteville, WI (FHA|USDA|VA) 10 $1,040,000 $104,000 $2,426 4.29%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 4 $960,000 $240,000 $4,830 3.81%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 8 $940,000 $117,500 $3,232 3.88%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 4 $880,000 $220,000 $2,900 4.00%
    Fairfield, IA (FHA|USDA|VA) 8 $800,000 $100,000 $2,546 4.23%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 11 $765,000 $69,545 $2,770 3.85%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 5 $705,000 $141,000 $4,031 4.09%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 6 $680,000 $113,333 $2,978 4.89%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 2 $660,000 $330,000 $3,951 4.12%
    FOND DU LAC, WI (FHA|USDA|VA) 7 $645,000 $92,143 $2,298 4.85%
    STOCKTON, CA (FHA|USDA|VA) 5 $645,000 $129,000 $2,589 4.12%
    Spirit Lake, IA (FHA|USDA|VA) 1 $625,000 $625,000 $3,267 3.75%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 5 $615,000 $123,000 $3,306 3.80%
    PUNTA GORDA, FL (FHA|USDA|VA) 4 $610,000 $152,500 $3,067 4.15%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 3 $605,000 $201,667 $2,660 3.83%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 4 $600,000 $150,000 $3,825 4.34%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 3 $595,000 $198,333 $3,980 3.91%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 2 $590,000 $295,000 $4,291 4.06%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 4 $570,000 $142,500 $2,244 3.97%
    HOUMA-THIBODAUX, LA (FHA|USDA|VA) 5 $555,000 $111,000 $3,239 4.20%
    ASHEVILLE, NC (FHA|USDA|VA) 1 $545,000 $545,000 $3,103 3.38%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 2 $540,000 $270,000 $3,785 4.18%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 5 $535,000 $107,000 $83,660 4.22%
    LUBBOCK, TX (FHA|USDA|VA) 2 $530,000 $265,000 $4,593 3.50%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 2 $530,000 $265,000 $3,312 3.56%
    JACKSONVILLE, FL (FHA|USDA|VA) 2 $530,000 $265,000 $3,889 4.37%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 5 $525,000 $105,000 $2,573 3.82%
    JONESBORO, AR (FHA|USDA|VA) 5 $525,000 $105,000 $2,352 3.97%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $520,000 $260,000 $4,598 4.25%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 2 $510,000 $255,000 $3,889 4.18%
    Concord, NH (FHA|USDA|VA) 2 $510,000 $255,000 $2,842 3.25%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 4 $490,000 $122,500 $2,795 4.21%
    Fort Dodge, IA (FHA|USDA|VA) 3 $485,000 $161,667 $2,510 3.83%
    TOLEDO, OH (FHA|USDA|VA) 4 $470,000 $117,500 $3,044 4.68%
    FAYETTEVILLE, NC (FHA|USDA|VA) 4 $440,000 $110,000 $2,702 3.59%
    VISALIA, CA (FHA|USDA|VA) 3 $435,000 $145,000 $2,603 3.79%
    Fernley, NV (FHA|USDA|VA) 2 $430,000 $215,000 $3,834 3.87%
    RICHMOND, VA (FHA|USDA|VA) 1 $425,000 $425,000 $3,891 4.88%
    Martin, TN (FHA|USDA|VA) 2 $410,000 $205,000 $0 4.37%
    LOUISVILLE, KY (FHA|USDA|VA) 2 $400,000 $200,000 $2,646 4.38%
    Mount Vernon, OH (FHA|USDA|VA) 2 $390,000 $195,000 $3,065 4.12%
    BOISE CITY, ID (FHA|USDA|VA) 2 $390,000 $195,000 $4,297 4.37%
    BATON ROUGE, LA (FHA|USDA|VA) 1 $385,000 $385,000 $3,909 3.38%
    Fergus Falls, MN (FHA|USDA|VA) 3 $365,000 $121,667 $2,860 4.12%
    SALT LAKE CITY, UT (FHA|USDA|VA) 2 $360,000 $180,000 $2,746 3.81%
    Clinton, IA (FHA|USDA|VA) 5 $355,000 $71,000 $2,463 5.47%
    Crossville, TN (FHA|USDA|VA) 1 $355,000 $355,000 $3,350 3.38%
    LANCASTER, PA (FHA|USDA|VA) 1 $345,000 $345,000 $4,826 3.63%
    Galesburg, IL (FHA|USDA|VA) 6 $340,000 $56,667 $2,267 4.53%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 3 $335,000 $111,667 $2,600 4.58%
    SYRACUSE, NY (FHA|USDA|VA) 1 $335,000 $335,000 $2,601 3.38%
    WACO, TX (FHA|USDA|VA) 1 $325,000 $325,000 $4,233 3.38%
    Greeneville, TN (FHA|USDA|VA) 2 $300,000 $150,000 $3,055 3.50%
    North Platte, NE (FHA|USDA|VA) 2 $300,000 $150,000 $3,109 4.68%
    BILLINGS, MT (FHA|USDA|VA) 1 $285,000 $285,000 $3,778 3.25%
    GREELEY, CO (FHA|USDA|VA) 1 $285,000 $285,000 $3,124 3.75%
    Red Wing, MN (FHA|USDA|VA) 2 $280,000 $140,000 $2,660 4.50%
    JACKSON, MS (FHA|USDA|VA) 1 $275,000 $275,000 $3,195 4.25%
    HANFORD-CORCORAN, CA (FHA|USDA|VA) 2 $270,000 $135,000 $2,916 3.93%
    KNOXVILLE, TN (FHA|USDA|VA) 1 $265,000 $265,000 $2,763 3.63%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 2 $260,000 $130,000 $2,269 4.25%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 2 $260,000 $130,000 $3,207 4.12%
    SAGINAW, MI (FHA|USDA|VA) 2 $260,000 $130,000 $2,806 4.37%
    TYLER, TX (FHA|USDA|VA) 1 $255,000 $255,000 $4,253 4.88%
    GRAND ISLAND, NE (FHA|USDA|VA) 1 $255,000 $255,000 $2,112 4.00%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 3 $255,000 $85,000 $2,794 4.58%
    IOWA CITY, IA (FHA|USDA|VA) 2 $250,000 $125,000 $2,139 4.18%
    GRAND FORKS, ND-MN (FHA|USDA|VA) 2 $240,000 $120,000 $2,545 3.68%
    LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 2 $230,000 $115,000 $2,271 4.62%
    Augusta-Waterville, ME (FHA|USDA|VA) 1 $225,000 $225,000 $3,302 3.75%
    LINCOLN, NE (FHA|USDA|VA) 2 $220,000 $110,000 $2,168 3.38%
    GAINESVILLE, FL (FHA|USDA|VA) 2 $220,000 $110,000 $3,076 4.00%
    MONROE, MI (FHA|USDA|VA) 2 $210,000 $105,000 $2,651 4.31%
    Baraboo, WI (FHA|USDA|VA) 2 $210,000 $105,000 $2,337 4.18%
    Jamestown, ND (FHA|USDA|VA) 2 $210,000 $105,000 $2,458 3.68%
    Kearney, NE (FHA|USDA|VA) 2 $210,000 $105,000 $2,162 4.37%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $205,000 $205,000 $2,627 3.75%
    JOPLIN, MO (FHA|USDA|VA) 1 $205,000 $205,000 $1,903 3.25%
    MANKATO, MN (FHA|USDA|VA) 2 $200,000 $100,000 $2,656 3.87%
    BLOOMINGTON, IL (FHA|USDA|VA) 1 $185,000 $185,000 $2,359 3.25%
    VALDOSTA, GA (FHA|USDA|VA) 2 $180,000 $90,000 $3,160 4.06%
    WICHITA, KS (FHA|USDA|VA) 1 $175,000 $175,000 $2,404 3.38%
    LONGVIEW, TX (FHA|USDA|VA) 1 $175,000 $175,000 $3,515 4.38%
    ALBUQUERQUE, NM (FHA|USDA|VA) 1 $165,000 $165,000 $2,542 3.13%
    Pella, IA (FHA|USDA|VA) 3 $165,000 $55,000 $2,322 5.04%
    Auburn, IN (FHA|USDA|VA) 1 $165,000 $165,000 $2,071 3.75%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 2 $160,000 $80,000 $3,560 4.75%
    PEORIA, IL (FHA|USDA|VA) 3 $155,000 $51,667 $2,233 4.37%
    ROCKFORD, IL (FHA|USDA|VA) 2 $150,000 $75,000 $2,683 4.12%
    Enterprise, AL (FHA|USDA|VA) 2 $150,000 $75,000 $2,436 4.00%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $145,000 $145,000 $2,516 4.50%
    Forest City, NC (FHA|USDA|VA) 1 $145,000 $145,000 $2,813 4.63%
    ALTOONA, PA (FHA|USDA|VA) 1 $135,000 $135,000 $3,208 4.38%
    Mayfield, KY (FHA|USDA|VA) 3 $135,000 $45,000 $2,339 4.12%
    Sterling, IL (FHA|USDA|VA) 5 $135,000 $27,000 $2,152 5.24%
    ANN ARBOR, MI (FHA|USDA|VA) 1 $135,000 $135,000 $2,147 3.50%
    COLUMBIA, MO (FHA|USDA|VA) 1 $125,000 $125,000 $2,096 4.00%
    ALBANY, GA (FHA|USDA|VA) 1 $125,000 $125,000 $2,859 3.13%
    Jasper, IN (FHA|USDA|VA) 2 $120,000 $60,000 $2,389 3.93%
    ELKHART-GOSHEN, IN (FHA|USDA|VA) 1 $105,000 $105,000 $2,018 3.25%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.49%
    Union, SC (FHA|USDA|VA) 1 $105,000 $105,000 $2,366 4.13%
    Muscatine, IA (FHA|USDA|VA) 1 $105,000 $105,000 $2,173 4.13%
    SPARTANBURG, SC (FHA|USDA|VA) 3 $105,000 $35,000 $0 4.16%
    Wahpeton, ND-MN (FHA|USDA|VA) 1 $95,000 $95,000 $0 4.49%
    Hood River, OR (FHA|USDA|VA) 1 $95,000 $95,000 $0 5.24%
    DULUTH, MN-WI (FHA|USDA|VA) 1 $95,000 $95,000 $2,726 3.25%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $95,000 $95,000 $0 4.49%
    Kalispell, MT (FHA|USDA|VA) 2 $90,000 $45,000 $0 4.74%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $85,000 $85,000 $0 5.24%
    Okeechobee, FL (FHA|USDA|VA) 1 $85,000 $85,000 $2,955 4.13%
    DANVILLE, IL (FHA|USDA|VA) 1 $85,000 $85,000 $1,859 4.13%
    COLUMBIA, SC (FHA|USDA|VA) 1 $85,000 $85,000 $2,678 3.75%
    Union City, TN (FHA|USDA|VA) 1 $85,000 $85,000 $2,217 3.50%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $75,000 $75,000 $0 5.49%
    Oskaloosa, IA (FHA|USDA|VA) 3 $65,000 $21,667 $0 4.57%
    Stevens Point, WI (FHA|USDA|VA) 1 $65,000 $65,000 $0 4.49%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 2 $60,000 $30,000 $0 5.24%
    Austin, MN (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.99%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.74%
    Brownsville, TN (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.74%
    GREEN BAY, WI (FHA|USDA|VA) 1 $55,000 $55,000 $2,161 4.50%
    Yankton, SD (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.49%
    PUEBLO, CO (FHA|USDA|VA) 1 $55,000 $55,000 $2,527 4.38%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.24%
    SIOUX FALLS, SD (FHA|USDA|VA) 1 $45,000 $45,000 $0 5.74%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $45,000 $45,000 $0 4.99%
    Hillsdale, MI (FHA|USDA|VA) 1 $35,000 $35,000 $0 3.49%
    Newberry, SC (FHA|USDA|VA) 1 $25,000 $25,000 $0 4.99%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $25,000 $25,000 $0 5.99%
    MORRISTOWN, TN (FHA|USDA|VA) 1 $25,000 $25,000 $0 3.49%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $15,000 $15,000 $0 5.24%
    Willmar, MN (FHA|USDA|VA) 1 $15,000 $15,000 $0 4.24%
    Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) 1 $15,000 $15,000 $0 4.24%
    Deere Employees Credit Union's top markets include Davenport, Des Moines, Waterloo, Kansas City, and Dubuque among others.

    Their top states include:
  • Iowa (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)

    • Similar Lenders

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

    UNITED
    Similarity Rank: 28
    Charter Bank
    Similarity Rank: 36
    MAINSTREET FEDERAL CREDIT UNION
    Similarity Rank: 68
    Saco Valley Credit Union
    Similarity Rank: 70
    Fidelity Bank & Trust
    Similarity Rank: 84
    CASCO
    Similarity Rank: 90
    Raccoon Valley Bank
    Similarity Rank: 96
    Farmers and Merchants Union Bank
    Similarity Rank: 96
    Liberty Bank for Savings
    Similarity Rank: 104
    KCB Bank
    Similarity Rank: 108

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,203 $205,025,000 $170,428 $4,013 3.94%
    HELOC 559 $26,905,000 $48,131 n/a 4.86%

    For 2018, Deere Employees Credit Union's most frequently originated type of loan was Conventional, with 1,203 originations. Their 2nd most popular type was HELOC, with 559 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 887 $164,795,000 $185,789 $3,125 4.03%
    Other 332 $26,270,000 $79,127 $2,470 4.50%
    Refi 241 $16,045,000 $66,577 $8,255 4.51%
    Home Improvement 143 $6,095,000 $42,622 $2,256 4.37%
    Cash Out Refi 112 $16,430,000 $146,696 $10,357 4.02%
    NA 47 $2,295,000 $48,830 $0 4.71%

    For 2018, Deere Employees Credit Union's most frequently cited loan purpose was Home Purchase, with 887 originations. The 2nd most popular reason was Other, with 332 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 760 $169,390,000 $222,882 $4,011 3.81%
    Other 560 $27,120,000 $48,429 $2,235 4.85%
    5 Year 294 $11,610,000 $39,490 $0 4.37%
    15 Year 121 $19,625,000 $162,190 $4,375 3.61%
    20 Year 23 $3,785,000 $164,565 $2,548 4.26%
    10 Year 4 $400,000 $100,000 $2,491 3.94%

    For 2018, Deere Employees Credit Union's most frequently cited loan duration was 30 Year, with 760 originations. The 2nd most popular length was Other, with 560 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 826 $179,150,000 $216,889
    $1k-2k 66 $11,140,000 $168,788
    $2k-3k 10 $1,420,000 $142,000
    $3k-4k 3 $515,000 $171,667
    $4k-5k 2 $390,000 $195,000
    $5k+ 1 $455,000 $455,000

    Deere Employees Credit Union's average total fees were $4,011, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 826 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 794 $150,940,000 $190,101
    4-5% 659 $60,675,000 $92,071
    5-6% 229 $12,375,000 $54,039
    2.5-3% 52 $6,610,000 $127,115
    6-7% 27 $1,295,000 $47,963
    <2.5% 1 $35,000 $35,000

    During 2018, Deere Employees Credit Union's average interest rate for loans was 3.81%, while their most frequently originated rate bucket for loans was 3-4%, with 794 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 926 $41,890,000 $45,238 $2,393 4.60%
    $100k-200k 431 $63,745,000 $147,900 $3,681 3.93%
    $200k-400k 345 $94,305,000 $273,348 $4,997 3.71%
    $400k-600k 49 $23,055,000 $470,510 $3,249 3.66%
    $600k-1MM 8 $5,570,000 $696,250 $3,662 3.45%
    $1MM+ 3 $3,365,000 $1,121,667 $7,840 3.75%

    2018 saw Deere Employees Credit Union place emphasis on $100,000 or less loans with 926 originations, totaling $41,890,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 539 $76,705,000 $142,310 $4,519 4.28%
    $75k-100k 458 $54,320,000 $118,603 $4,699 4.19%
    $50k-75k 358 $33,910,000 $94,721 $2,445 4.25%
    $150k-250k 241 $45,095,000 $187,116 $2,860 4.19%
    $50k or less 121 $7,255,000 $59,959 $2,470 4.24%
    $250k+ 42 $14,290,000 $340,238 $3,604 4.12%

    Deere Employees Credit Union lent most frequently to those with incomes in the $100k-150k range, with 539 originations. The second most popular income band? $75k-100k, with 458 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 464 $59,280,000 $127,759 $2,552 4.13%
    30-36% 316 $47,250,000 $149,525 $4,656 4.16%
    <20% 208 $22,920,000 $110,192 $7,161 4.37%
    38% 70 $10,880,000 $155,429 $2,958 4.06%
    41% 63 $7,735,000 $122,778 $2,540 4.42%
    44% 57 $7,745,000 $135,877 $8,163 4.17%
    39% 57 $8,175,000 $143,421 $2,665 4.16%
    36% 55 $8,135,000 $147,909 $2,748 4.18%
    37% 54 $6,080,000 $112,593 $2,546 4.32%
    40% 53 $6,535,000 $123,302 $2,459 4.30%
    46% 52 $6,350,000 $122,115 $2,506 4.38%
    49% 50 $4,840,000 $96,800 $2,745 4.60%
    42% 45 $6,935,000 $154,111 $14,012 4.15%
    43% 43 $5,525,000 $128,488 $2,829 4.31%
    45% 42 $5,830,000 $138,810 $2,677 4.37%
    48% 38 $5,110,000 $134,474 $2,624 4.34%
    47% 37 $5,495,000 $148,514 $3,016 4.38%
    50-60% 31 $3,065,000 $98,871 $2,704 4.47%
    >60% 11 $575,000 $52,273 $3,098 4.74%

    Deere Employees Credit Union lent most frequently to those with DTI ratios of 20-30%, with 464 originations. The next most common DTI ratio? 30-36%, with 316 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,027 $162,205,000 $157,941 $3,982 4.10%
    Not provided 656 $55,580,000 $84,726 $2,729 4.43%
    Black 35 $6,625,000 $189,286 $3,393 4.14%
    Asian 29 $5,235,000 $180,517 $12,085 4.22%
    Asian Indian 5 $1,145,000 $229,000 $3,320 4.64%
    American Indian 7 $785,000 $112,143 $2,437 4.21%
    Other Asian 3 $355,000 $118,333 $2,371 4.33%

    Approval Rates

    Total approvals of all applications
    88.01%

    Deere Employees Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    73.44%

    Deere Employees Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,762 $231,930,000 $131,629

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 2 $250,000 $125,000
    Single Family (1-4 Units):Site-Built 1,760 $231,680,000 $131,636

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 258 $17,200,000 $66,667 $2,693 4.58%
    40-60% 98 $14,990,000 $152,959 $7,798 4.08%
    60-80% 396 $86,580,000 $218,636 $3,713 3.83%
    80-100% 412 $86,700,000 $210,437 $3,839 3.86%
    Over 100% 1 $255,000 $255,000 $3,947 3.75%
    Under 20% 580 $23,300,000 $40,172 $2,516 4.65%