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

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    • 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 Raleigh among others. We have data for 198 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% 4/21/24
    30 Year Conventional Purchase 6.22% 4/21/24
    30 Year Conventional Refi 6.19% 4/21/24
    30 Year Cash-out Refi 6.27% 4/21/24
    15 Year Conventional Purchase 5.47% 4/21/24
    15 Year Conventional Refi 5.70% 4/21/24
    15 Year Cash-out Refi 5.70% 4/21/24
    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

    2,004

    Origination Dollar Volume (All Markets)

    $299,550,000
    Show all (16) 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) 565 $82,165,000 $145,425 $2,041 4.17%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 250 $39,150,000 $156,600 $2,261 4.21%
    WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 158 $17,610,000 $111,456 $2,141 4.31%
    Outside of Metro Areas 129 $13,685,000 $106,085 $2,254 4.27%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 66 $11,880,000 $180,000 $2,159 4.18%
    RALEIGH-CARY, NC (FHA|USDA|VA) 41 $7,605,000 $185,488 $2,590 3.90%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 39 $7,465,000 $191,410 $3,276 4.16%
    FARGO, ND-MN (FHA|USDA|VA) 44 $5,660,000 $128,636 $1,919 4.17%
    DUBUQUE, IA (FHA|USDA|VA) 45 $5,565,000 $123,667 $2,175 4.40%
    MADISON, WI (FHA|USDA|VA) 18 $4,430,000 $246,111 $2,430 3.98%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 20 $4,330,000 $216,500 $2,865 3.94%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 16 $3,700,000 $231,250 $3,327 4.27%
    HOUMA-THIBODAUX, LA (FHA|USDA|VA) 19 $3,405,000 $179,211 $3,973 4.13%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 16 $3,240,000 $202,500 $3,381 3.93%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 19 $2,995,000 $157,632 $2,110 4.52%
    Ottumwa, IA (FHA|USDA|VA) 24 $2,900,000 $120,833 $2,274 3.99%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 18 $2,870,000 $159,444 $2,338 4.00%
    Beaver Dam, WI (FHA|USDA|VA) 25 $2,625,000 $105,000 $1,916 4.56%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 6 $2,250,000 $375,000 $4,402 3.75%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 10 $2,140,000 $214,000 $2,213 4.11%
    SPRINGFIELD, MO (FHA|USDA|VA) 16 $1,940,000 $121,250 $2,163 4.27%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 8 $1,840,000 $230,000 $3,671 3.89%
    AMES, IA (FHA|USDA|VA) 11 $1,815,000 $165,000 $2,413 3.85%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 10 $1,770,000 $177,000 $3,353 3.69%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 3 $1,665,000 $555,000 $4,304 3.38%
    Platteville, WI (FHA|USDA|VA) 16 $1,580,000 $98,750 $1,591 4.35%
    WINSTON-SALEM, NC (FHA|USDA|VA) 18 $1,520,000 $84,444 $2,200 4.54%
    Clinton, IA (FHA|USDA|VA) 14 $1,510,000 $107,857 $2,109 4.52%
    PITTSBURGH, PA (FHA|USDA|VA) 5 $1,475,000 $295,000 $4,344 3.33%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 8 $1,380,000 $172,500 $2,911 4.45%
    Coffeyville, KS (FHA|USDA|VA) 13 $1,325,000 $101,923 $2,158 3.95%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 7 $1,325,000 $189,286 $3,667 4.37%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 5 $1,325,000 $265,000 $3,040 3.72%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 13 $1,135,000 $87,308 $2,310 4.67%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 7 $1,105,000 $157,857 $3,011 3.91%
    CEDAR RAPIDS, IA (FHA|USDA|VA) 7 $1,055,000 $150,714 $1,999 3.82%
    RICHMOND, VA (FHA|USDA|VA) 4 $1,030,000 $257,500 $2,472 4.06%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 5 $995,000 $199,000 $3,867 3.62%
    IOWA CITY, IA (FHA|USDA|VA) 4 $990,000 $247,500 $2,622 4.15%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 3 $985,000 $328,333 $4,570 3.33%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 3 $985,000 $328,333 $3,226 3.25%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 3 $965,000 $321,667 $2,875 3.79%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 6 $960,000 $160,000 $2,733 4.10%
    FOND DU LAC, WI (FHA|USDA|VA) 6 $950,000 $158,333 $3,166 4.39%
    Galesburg, IL (FHA|USDA|VA) 7 $905,000 $129,286 $2,526 4.50%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 3 $875,000 $291,667 $2,939 3.91%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 4 $840,000 $210,000 $2,472 3.94%
    Spirit Lake, IA (FHA|USDA|VA) 3 $835,000 $278,333 $3,331 3.96%
    Sterling, IL (FHA|USDA|VA) 12 $830,000 $69,167 $1,915 4.64%
    COLUMBUS, OH (FHA|USDA|VA) 6 $830,000 $138,333 $2,558 4.78%
    WICHITA, KS (FHA|USDA|VA) 3 $815,000 $271,667 $2,965 4.17%
    FORT COLLINS, CO (FHA|USDA|VA) 3 $775,000 $258,333 $2,762 3.75%
    FAYETTEVILLE, NC (FHA|USDA|VA) 5 $765,000 $153,000 $2,050 3.72%
    LINCOLN, NE (FHA|USDA|VA) 5 $725,000 $145,000 $2,262 4.15%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 5 $705,000 $141,000 $2,672 4.35%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 2 $680,000 $340,000 $3,983 3.93%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 3 $645,000 $215,000 $3,220 3.71%
    Pella, IA (FHA|USDA|VA) 3 $625,000 $208,333 $2,428 4.29%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 3 $625,000 $208,333 $3,262 4.96%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 2 $620,000 $310,000 $3,784 4.75%
    JONESBORO, AR (FHA|USDA|VA) 3 $605,000 $201,667 $2,938 3.71%
    SALT LAKE CITY, UT (FHA|USDA|VA) 1 $605,000 $605,000 $3,567 3.13%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 2 $590,000 $295,000 $3,402 3.81%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 5 $585,000 $117,000 $1,909 4.20%
    SPRINGFIELD, IL (FHA|USDA|VA) 3 $575,000 $191,667 $2,284 4.29%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 4 $570,000 $142,500 $2,165 4.21%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $535,000 $535,000 $3,878 3.25%
    Key West, FL (FHA|USDA|VA) 1 $525,000 $525,000 $4,356 3.25%
    CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 2 $520,000 $260,000 $1,939 3.25%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 2 $500,000 $250,000 $2,770 3.31%
    Jamestown, ND (FHA|USDA|VA) 2 $480,000 $240,000 $3,191 3.69%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 2 $480,000 $240,000 $3,888 4.25%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 2 $460,000 $230,000 $2,557 3.44%
    EVANSVILLE, IN-KY (FHA|USDA|VA) 3 $455,000 $151,667 $1,722 4.00%
    Aberdeen, SD (FHA|USDA|VA) 3 $445,000 $148,333 $2,883 3.50%
    JOPLIN, MO (FHA|USDA|VA) 4 $440,000 $110,000 $2,328 4.28%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 2 $440,000 $220,000 $2,897 3.38%
    Ellensburg, WA (FHA|USDA|VA) 1 $435,000 $435,000 $2,845 2.88%
    Marshalltown, IA (FHA|USDA|VA) 2 $430,000 $215,000 $3,480 3.13%
    LOUISVILLE, KY (FHA|USDA|VA) 2 $410,000 $205,000 $2,640 3.94%
    Bartlesville, OK (FHA|USDA|VA) 4 $410,000 $102,500 $2,206 3.81%
    Kalispell, MT (FHA|USDA|VA) 2 $410,000 $205,000 $3,184 5.12%
    Tifton, GA (FHA|USDA|VA) 2 $400,000 $200,000 $3,747 4.56%
    IDAHO FALLS, ID (FHA|USDA|VA) 2 $390,000 $195,000 $4,179 4.68%
    STOCKTON, CA (FHA|USDA|VA) 2 $390,000 $195,000 $3,032 4.87%
    Fernley, NV (FHA|USDA|VA) 2 $390,000 $195,000 $2,217 4.18%
    TULSA, OK (FHA|USDA|VA) 3 $385,000 $128,333 $3,818 4.66%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 2 $370,000 $185,000 $2,829 5.06%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 2 $360,000 $180,000 $3,170 4.87%
    WACO, TX (FHA|USDA|VA) 1 $355,000 $355,000 $4,346 3.25%
    Austin, MN (FHA|USDA|VA) 2 $350,000 $175,000 $2,703 4.31%
    MONROE, LA (FHA|USDA|VA) 1 $345,000 $345,000 $3,963 3.25%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 2 $340,000 $170,000 $3,915 4.31%
    FRESNO, CA (FHA|USDA|VA) 2 $340,000 $170,000 $3,970 4.31%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $335,000 $335,000 $3,291 2.88%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $325,000 $325,000 $3,475 3.75%
    AMARILLO, TX (FHA|USDA|VA) 1 $315,000 $315,000 $4,104 3.75%
    Brookings, SD (FHA|USDA|VA) 2 $310,000 $155,000 $3,102 3.68%
    SPARTANBURG, SC (FHA|USDA|VA) 3 $305,000 $101,667 $3,224 4.45%
    COLUMBIA, MO (FHA|USDA|VA) 2 $300,000 $150,000 $1,001 4.75%
    FORT WAYNE, IN (FHA|USDA|VA) 1 $295,000 $295,000 $2,040 2.63%
    Fergus Falls, MN (FHA|USDA|VA) 2 $290,000 $145,000 $3,181 2.94%
    JACKSON, MS (FHA|USDA|VA) 1 $285,000 $285,000 $3,752 2.88%
    MACON-BIBB COUNTY, GA (FHA|USDA|VA) 2 $280,000 $140,000 $3,388 4.75%
    MADERA, CA (FHA|USDA|VA) 1 $275,000 $275,000 $3,928 4.50%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $275,000 $275,000 $2,597 3.13%
    BANGOR, ME (FHA|USDA|VA) 1 $275,000 $275,000 $3,213 3.25%
    Muscatine, IA (FHA|USDA|VA) 4 $270,000 $67,500 $657 4.84%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 2 $260,000 $130,000 $1,870 4.12%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 3 $255,000 $85,000 $2,718 4.62%
    SAGINAW, MI (FHA|USDA|VA) 2 $250,000 $125,000 $2,105 3.56%
    ALBANY-LEBANON, OR (FHA|USDA|VA) 1 $245,000 $245,000 $3,443 3.88%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $245,000 $245,000 $3,387 3.00%
    Fremont, NE (FHA|USDA|VA) 1 $235,000 $235,000 $2,401 2.88%
    LAWRENCE, KS (FHA|USDA|VA) 1 $235,000 $235,000 $1,936 3.75%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $220,000 $110,000 $3,102 3.50%
    TOLEDO, OH (FHA|USDA|VA) 1 $215,000 $215,000 $3,384 3.75%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $215,000 $215,000 $3,460 3.50%
    JEFFERSON CITY, MO (FHA|USDA|VA) 1 $215,000 $215,000 $2,620 3.38%
    Elkins, WV (FHA|USDA|VA) 1 $215,000 $215,000 $3,132 3.75%
    PEORIA, IL (FHA|USDA|VA) 2 $210,000 $105,000 $2,209 5.06%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $205,000 $205,000 $3,505 3.38%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $205,000 $205,000 $3,638 2.88%
    ITHACA, NY (FHA|USDA|VA) 1 $205,000 $205,000 $3,964 2.63%
    HOT SPRINGS, AR (FHA|USDA|VA) 1 $195,000 $195,000 $2,702 3.38%
    Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 1 $195,000 $195,000 $2,202 3.38%
    Menomonie, WI (FHA|USDA|VA) 1 $195,000 $195,000 $3,721 3.00%
    Wahpeton, ND-MN (FHA|USDA|VA) 2 $170,000 $85,000 $2,553 3.62%
    Mason City, IA (FHA|USDA|VA) 1 $165,000 $165,000 $2,410 3.50%
    HATTIESBURG, MS (FHA|USDA|VA) 1 $165,000 $165,000 $3,076 2.88%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 2 $160,000 $80,000 $2,195 4.31%
    WILMINGTON, NC (FHA|USDA|VA) 2 $160,000 $80,000 $2,834 3.75%
    Greeneville, TN (FHA|USDA|VA) 2 $160,000 $80,000 $3,202 4.18%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $155,000 $155,000 $2,218 3.13%
    Stillwater, OK (FHA|USDA|VA) 1 $155,000 $155,000 $2,346 3.75%
    Dodge City, KS (FHA|USDA|VA) 1 $155,000 $155,000 $2,201 3.88%
    Oskaloosa, IA (FHA|USDA|VA) 3 $145,000 $48,333 $0 4.49%
    BLOOMINGTON, IN (FHA|USDA|VA) 1 $145,000 $145,000 $2,294 3.75%
    Cambridge, MD (FHA|USDA|VA) 1 $145,000 $145,000 $2,797 2.88%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $145,000 $145,000 $3,292 3.50%
    BATON ROUGE, LA (FHA|USDA|VA) 1 $135,000 $135,000 $3,122 3.25%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $135,000 $135,000 $1,984 3.50%
    Alma, MI (FHA|USDA|VA) 1 $135,000 $135,000 $2,212 3.50%
    Fort Dodge, IA (FHA|USDA|VA) 1 $135,000 $135,000 $2,909 4.25%
    Escanaba, MI (FHA|USDA|VA) 1 $135,000 $135,000 $2,983 4.88%
    Elizabeth City, NC (FHA|USDA|VA) 1 $135,000 $135,000 $3,178 3.88%
    COLUMBIA, SC (FHA|USDA|VA) 1 $135,000 $135,000 $3,184 3.63%
    JACKSON, TN (FHA|USDA|VA) 3 $135,000 $45,000 $1,337 4.74%
    HAMMOND, LA (FHA|USDA|VA) 2 $130,000 $65,000 $2,734 4.18%
    Faribault-Northfield, MN (FHA|USDA|VA) 2 $130,000 $65,000 $0 4.24%
    Murray, KY (FHA|USDA|VA) 2 $130,000 $65,000 $2,431 3.75%
    Norfolk, NE (FHA|USDA|VA) 1 $125,000 $125,000 $0 4.74%
    Ottawa, IL (FHA|USDA|VA) 2 $120,000 $60,000 $2,109 4.50%
    YUMA, AZ (FHA|USDA|VA) 1 $115,000 $115,000 $3,138 3.63%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $115,000 $115,000 $3,060 3.88%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $115,000 $115,000 $0 4.49%
    BLOOMINGTON, IL (FHA|USDA|VA) 2 $110,000 $55,000 $2,347 4.63%
    Dixon, IL (FHA|USDA|VA) 1 $105,000 $105,000 $349 4.99%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $105,000 $105,000 $2,110 3.25%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $105,000 $105,000 $2,936 3.75%
    Mayfield, KY (FHA|USDA|VA) 2 $100,000 $50,000 $2,351 3.68%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 1 $85,000 $85,000 $0 4.99%
    Manitowoc, WI (FHA|USDA|VA) 1 $85,000 $85,000 $2,323 3.50%
    BURLINGTON, NC (FHA|USDA|VA) 1 $85,000 $85,000 $349 6.99%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $85,000 $85,000 $0 4.99%
    Red Wing, MN (FHA|USDA|VA) 1 $75,000 $75,000 $0 4.99%
    Watertown, SD (FHA|USDA|VA) 1 $75,000 $75,000 $0 4.63%
    ERIE, PA (FHA|USDA|VA) 1 $75,000 $75,000 $3,479 4.00%
    TOPEKA, KS (FHA|USDA|VA) 1 $75,000 $75,000 $2,115 3.75%
    Branson, MO (FHA|USDA|VA) 1 $65,000 $65,000 $2,046 3.63%
    LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $65,000 $65,000 $0 6.49%
    Burlington, IA-IL (FHA|USDA|VA) 1 $55,000 $55,000 $2,295 3.50%
    Bonham, TX (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.24%
    Corsicana, TX (FHA|USDA|VA) 1 $55,000 $55,000 $349 3.74%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.24%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.49%
    Paragould, AR (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.24%
    TUCSON, AZ (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.99%
    BILLINGS, MT (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.24%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.24%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.24%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 3 $55,000 $18,333 $349 5.32%
    LAFAYETTE, LA (FHA|USDA|VA) 2 $50,000 $25,000 $349 5.74%
    GRAND JUNCTION, CO (FHA|USDA|VA) 1 $45,000 $45,000 $349 3.99%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $45,000 $45,000 $0 3.99%
    Scottsbluff, NE (FHA|USDA|VA) 1 $45,000 $45,000 $349 5.49%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $35,000 $35,000 $349 3.59%
    Sanford, NC (FHA|USDA|VA) 1 $35,000 $35,000 $349 4.74%
    Pittsburg, KS (FHA|USDA|VA) 1 $35,000 $35,000 $0 4.49%
    Pierre, SD (FHA|USDA|VA) 1 $35,000 $35,000 $349 4.99%
    BISMARCK, ND (FHA|USDA|VA) 1 $35,000 $35,000 $349 3.49%
    FORT SMITH, AR-OK (FHA|USDA|VA) 1 $25,000 $25,000 $0 4.24%
    Newport, TN (FHA|USDA|VA) 1 $25,000 $25,000 $349 3.74%
    Fairfield, IA (FHA|USDA|VA) 1 $25,000 $25,000 $0 4.99%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $25,000 $25,000 $349 3.99%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $15,000 $15,000 $0 3.99%
    BAKERSFIELD, CA (FHA|USDA|VA) 1 $15,000 $15,000 $0 3.99%
    Hutchinson, KS (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 Raleigh among others.

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

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,359 $266,655,000 $196,214 $2,343 3.72%
    HELOC 645 $32,895,000 $51,000 n/a 5.15%

    For 2019, Deere Employees Credit Union's most frequently originated type of loan was Conventional, with 1,359 originations. Their 2nd most popular type was HELOC, with 645 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 856 $168,380,000 $196,706 $2,561 3.92%
    Refi 384 $45,690,000 $118,984 $1,943 4.25%
    Other 312 $21,420,000 $68,654 $1,487 4.89%
    Cash Out Refi 266 $53,590,000 $201,466 $2,547 3.62%
    Home Improvement 186 $10,470,000 $56,290 $944 4.84%

    For 2019, Deere Employees Credit Union's most frequently cited loan purpose was Home Purchase, with 856 originations. The 2nd most popular reason was Refi, with 384 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 890 $207,590,000 $233,247 $2,663 3.55%
    Other 649 $33,655,000 $51,857 $2,285 5.13%
    5 Year 183 $8,425,000 $46,038 $233 4.90%
    15 Year 178 $29,500,000 $165,730 $2,593 3.42%
    20 Year 99 $19,705,000 $199,040 $2,946 3.60%
    10 Year 5 $675,000 $135,000 $2,337 3.78%

    For 2019, Deere Employees Credit Union's most frequently cited loan duration was 30 Year, with 890 originations. The 2nd most popular length was Other, with 649 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,153 $227,255,000 $197,099
    $1k-2k 144 $28,530,000 $198,125
    $2k-3k 28 $6,150,000 $219,643
    $3k-4k 6 $1,250,000 $208,333
    $4k-5k 2 $460,000 $230,000
    $5k+ 2 $970,000 $485,000

    Deere Employees Credit Union's average total fees were $2,663, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,153 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 879 $168,525,000 $191,724
    4-5% 496 $49,740,000 $100,282
    5-6% 261 $12,245,000 $46,916
    2.5-3% 243 $61,395,000 $252,654
    6-7% 120 $7,030,000 $58,583
    7-8% 3 $115,000 $38,333
    <2.5% 2 $500,000 $250,000

    During 2019, Deere Employees Credit Union's average interest rate for loans was 3.55%, while their most frequently originated rate bucket for loans was 3-4%, with 879 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 913 $44,455,000 $48,691 $1,155 4.88%
    $200k-400k 511 $140,015,000 $274,002 $2,761 3.50%
    $100k-200k 500 $74,160,000 $148,320 $2,485 3.74%
    $400k-600k 68 $32,100,000 $472,059 $3,377 3.34%
    $600k-1MM 11 $7,705,000 $700,455 $3,767 3.09%
    $1MM+ 1 $1,115,000 $1,115,000 $3,040 3.50%

    2019 saw Deere Employees Credit Union place emphasis on $100,000 or less loans with 913 originations, totaling $44,455,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 617 $99,965,000 $162,018 $2,351 4.16%
    $75k-100k 453 $61,295,000 $135,309 $2,392 4.21%
    $150k-250k 355 $72,265,000 $203,563 $2,555 4.15%
    $50k-75k 344 $33,910,000 $98,576 $2,141 4.22%
    $50k or less 130 $9,050,000 $69,615 $2,131 4.18%
    $250k+ 69 $17,405,000 $252,246 $2,684 4.04%

    Deere Employees Credit Union lent most frequently to those with incomes in the $100k-150k range, with 617 originations. The second most popular income band? $75k-100k, with 453 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 531 $84,315,000 $158,785 $2,443 3.97%
    30-36% 383 $59,045,000 $154,164 $2,404 4.17%
    <20% 207 $29,725,000 $143,599 $2,498 3.90%
    37% 77 $11,075,000 $143,831 $2,396 4.47%
    40% 70 $9,480,000 $135,429 $2,127 4.11%
    42% 69 $9,125,000 $132,246 $1,963 4.45%
    41% 62 $8,890,000 $143,387 $2,631 4.32%
    36% 62 $10,070,000 $162,419 $2,330 4.19%
    39% 61 $11,395,000 $186,803 $2,668 4.27%
    43% 60 $8,820,000 $147,000 $2,106 4.22%
    47% 58 $9,670,000 $166,724 $2,202 4.39%
    44% 55 $7,905,000 $143,727 $2,569 4.37%
    45% 54 $8,060,000 $149,259 $2,512 4.49%
    46% 51 $7,495,000 $146,961 $1,970 4.14%
    49% 50 $5,980,000 $119,600 $1,986 4.62%
    48% 49 $5,835,000 $119,082 $1,692 4.59%
    38% 48 $7,460,000 $155,417 $2,241 4.27%
    50-60% 34 $2,780,000 $81,765 $1,775 4.85%
    >60% 23 $2,425,000 $105,435 $887 4.92%

    Deere Employees Credit Union lent most frequently to those with DTI ratios of 20-30%, with 531 originations. The next most common DTI ratio? 30-36%, with 383 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,519 $231,945,000 $152,696 $2,407 4.12%
    Not provided 409 $53,595,000 $131,039 $2,104 4.43%
    Asian 25 $6,555,000 $262,200 $2,472 3.50%
    Black 33 $5,315,000 $161,061 $2,165 4.27%
    American Indian 9 $1,185,000 $131,667 $2,706 4.26%
    Asian Indian 7 $635,000 $90,714 $831 5.03%
    Native Hawaiian or Islander 1 $245,000 $245,000 $2,869 3.50%
    Other Pacific Islander 1 $75,000 $75,000 $0 5.99%

    Approval Rates

    Total approvals of all applications
    85.97%

    Deere Employees Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    76.05%

    Deere Employees Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,004 $299,550,000 $149,476

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 3 $375,000 $125,000
    Single Family (1-4 Units):Site-Built 2,001 $299,175,000 $149,513

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 292 $20,280,000 $69,452 $1,234 4.95%
    40-60% 138 $22,470,000 $162,826 $2,476 3.97%
    60-80% 540 $125,150,000 $231,759 $2,676 3.55%
    80-100% 525 $111,145,000 $211,705 $2,660 3.62%
    Over 100% 1 $45,000 $45,000 $0 5.99%
    Under 20% 508 $20,460,000 $40,276 $243 5.04%