Healthcare Associates Credit Union Mortgage Rates, Fees & Info
Naperville, ILLEI: 254900E3R2YX26OH3128
Tax ID: 36-3047069
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Healthcare Associates Credit Union is a smaller credit union specializing in Home Improvement, Other, Refi, and Home Purchase loans. Healthcare Associates Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Atlanta, Indianapolis, Charleston, and Pontiac among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)Healthcare Associates Credit Union 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
212Origination Dollar Volume (All Markets)
$16,750,000Top 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) | 199 | $14,235,000 | $71,533 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $1,555,000 | $1,555,000 | $0 | 0.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 0.00% |
| Charleston-Mattoon, IL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $80,000 | $40,000 | $0 | 0.00% |
| Pontiac, IL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| Rochelle, IL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| Dixon, IL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against HealthCare Associates Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 212 | $16,750,000 | $79,009 | $0 | 0.00% |
For 2023, Healthcare Associates Credit Union's most frequently originated type of loan was Conventional, with 212 originations.
Loan Reason
For 2023, Healthcare Associates Credit Union's most frequently cited loan purpose was Home Improvement, with 77 originations. The 2nd most popular reason was Other, with 77 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 212 | $16,750,000 | $79,009 | $0 | 0.00% |
For 2023, Healthcare Associates Credit Union's most frequently cited loan duration was Other, with 212 originations.
Loan Sizing
2023 saw Healthcare Associates Credit Union place emphasis on $100,000 or less loans with 178 originations, totaling $9,210,000 in origination value.
Applicant Income
Healthcare Associates Credit Union lent most frequently to those with incomes in the $100k-150k range, with 67 originations. The second most popular income band? $150k-250k, with 67 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 212 | $16,750,000 | $79,009 | $0 | 0.00% |
Healthcare Associates Credit Union lent most frequently to those with DTI ratios of Exempt%, with 212 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications69.00%
Healthcare Associates Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination84.43%
Healthcare Associates Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 212 | $16,750,000 | $79,009 |