Central Credit Union Of Illinois Mortgage Rates, Fees & Info

Bellwood, IL

LEI: 2549009PABKV8ZBDH619

Tax ID: 36-1250580

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    Central Credit Union Of Illinois is a smaller credit union specializing in Refi loans. Central Credit Union Of Illinois has a high proportion of conventional loans. Their top two markets are Chicago and Ottawa .

    Central Credit Union Of Illinois has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

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    Originations

    48

    Origination Dollar Volume (All Markets)

    $5,140,000

    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
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 46 $4,980,000 $108,261 $0 0.00%
    Outside of Metro Areas 1 $125,000 $125,000 $0 0.00%
    Ottawa, IL (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
    Central Credit Union Of Illinois's top markets include Chicago and Ottawa among others.

    Their top states include:
  • Illinois (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 48 $5,140,000 $107,083 $0 0.00%

    For 2018, Central Credit Union Of Illinois's most frequently originated type of loan was Conventional, with 48 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 42 $4,850,000 $115,476 $0 0.00%
    Home Improvement 3 $155,000 $51,667 $0 0.00%
    Other 2 $90,000 $45,000 $0 0.00%
    Home Purchase 1 $45,000 $45,000 $0 0.00%

    For 2018, Central Credit Union Of Illinois's most frequently cited loan purpose was Refi, with 42 originations. The 2nd most popular reason was Home Improvement, with 3 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 48 $5,140,000 $107,083 $0 0.00%

    For 2018, Central Credit Union Of Illinois's most frequently cited loan duration was Other, with 48 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 27 $1,605,000 $59,444 $0 0.00%
    $100k-200k 16 $2,290,000 $143,125 $0 0.00%
    $200k-400k 5 $1,245,000 $249,000 $0 0.00%

    2018 saw Central Credit Union Of Illinois place emphasis on $100,000 or less loans with 27 originations, totaling $1,605,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 13 $1,185,000 $91,154 $0 0.00%
    $100k-150k 11 $1,395,000 $126,818 $0 0.00%
    $150k-250k 8 $1,300,000 $162,500 $0 0.00%
    $50k-75k 8 $530,000 $66,250 $0 0.00%
    $50k or less 5 $275,000 $55,000 $0 0.00%
    $250k+ 3 $455,000 $151,667 $0 0.00%

    Central Credit Union Of Illinois lent most frequently to those with incomes in the $75k-100k range, with 13 originations. The second most popular income band? $100k-150k, with 11 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 48 $5,140,000 $107,083 $0 0.00%

    Central Credit Union Of Illinois lent most frequently to those with DTI ratios of Exempt%, with 48 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 35 $3,965,000 $113,286 $0 0.00%
    Black 11 $945,000 $85,909 $0 0.00%
    Asian Indian 1 $205,000 $205,000 $0 0.00%
    Not provided 1 $25,000 $25,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    65.48%

    Central Credit Union Of Illinois has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    85.42%

    Central Credit Union Of Illinois has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 48 $5,140,000 $107,083

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 48 $5,140,000 $107,083

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    CENTRAL BANC MORTGAGE CORPORATION Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%