Dutrac Community Credit Union Mortgage Rates, Fees & Info

Dubuque, IA

LEI: 254900LIEBWBUKVDWP33

Tax ID: 42-0670685

5 stars - Updated: 4/5/25 - out of 5 stars, based on 15 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • 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

    Dutrac Community Credit Union is a smaller credit union specializing in Home Purchase loans. Dutrac Community Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Davenport, Dubuque, Muscatine, Cedar Rapids, and Clinton among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Dutrac Community 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. Dutrac Community 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
    30 Year Conventional Purchase 6.56% 4/5/25
    30 Year Conventional Refi 6.38% 4/5/25
    30 Year Cash-out Refi 7.28% 4/5/25
    30 Year VA Purchase 6.72% 4/5/25
    15 Year Conventional Purchase 5.82% 4/5/25
    15 Year Conventional Refi 5.66% 4/5/25
    15 Year Cash-out Refi 5.66% 4/5/25
    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.

    Dutrac Community Credit Union Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Dutrac Community 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

    240

    Origination Dollar Volume (All Markets)

    $60,190,000

    Awards

    DuTrac Community Credit Union 30 Year Conventional Loans gold DuTrac Community Credit Union 30 Year Conventional Loans gold DuTrac Community Credit Union 30 Year Conventional Loans bronze DuTrac Community Credit Union 30 Year Conventional Loans bronze
    Show all (4) awards

    Relative Rate

    Dutrac Community Credit Union's average 30 year fixed mortgage rate was 6.41%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of -0.14%.

    Relative Fees (Closing Costs)

    Dutrac Community Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $2,478.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $8,356.

    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) 111 $32,415,000 $292,027 $2,444 6.13%
    DUBUQUE, IA (FHA|USDA|VA) 74 $12,330,000 $166,622 $2,376 6.23%
    Muscatine, IA (FHA|USDA|VA) 8 $5,720,000 $715,000 $2,887 6.17%
    Outside of Metro Areas 17 $2,855,000 $167,941 $2,473 6.40%
    CEDAR RAPIDS, IA (FHA|USDA|VA) 12 $2,560,000 $213,333 $2,474 6.35%
    Clinton, IA (FHA|USDA|VA) 9 $1,585,000 $176,111 $2,353 5.88%
    Platteville, WI (FHA|USDA|VA) 3 $775,000 $258,333 $2,262 5.83%
    WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 1 $555,000 $555,000 $2,712 6.50%
    Mason City, IA (FHA|USDA|VA) 1 $405,000 $405,000 $0 6.13%
    CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 1 $385,000 $385,000 $3,001 5.63%
    IOWA CITY, IA (FHA|USDA|VA) 1 $255,000 $255,000 $0 5.75%
    Sterling, IL (FHA|USDA|VA) 1 $195,000 $195,000 $5,398 6.63%
    AMES, IA (FHA|USDA|VA) 1 $155,000 $155,000 $0 6.63%
    Dutrac Community Credit Union's top markets include Davenport, Dubuque, Muscatine, Cedar Rapids, and Clinton among others.

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

    • Similar Lenders

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

    Farmers State Bank
    Similarity Rank: 35
    GAS AND ELECTRIC CREDIT UNION
    Similarity Rank: 66
    R.I.A. Federal Credit Union
    Similarity Rank: 70
    LINN AREA
    Similarity Rank: 84
    Fidelity Bank & Trust
    Similarity Rank: 96
    Bankers Trust Company
    Similarity Rank: 140
    Hills Bank and Trust Company
    Similarity Rank: 143
    ASCENTRA
    Similarity Rank: 209
    Collins Community Credit Union
    Similarity Rank: 234
    THE FAMILY CREDIT UNION
    Similarity Rank: 270

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 240 $60,190,000 $250,792 $2,467 6.18%

    For 2024, Dutrac Community Credit Union's most frequently originated type of loan was Conventional, with 240 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 182 $44,230,000 $243,022 $2,473 6.24%
    Cash Out Refi 28 $3,720,000 $132,857 $2,423 6.14%
    Refi 27 $8,975,000 $332,407 $2,467 5.88%
    Home Improvement 3 $3,265,000 $1,088,333 $0 5.58%

    For 2024, Dutrac Community Credit Union's most frequently cited loan purpose was Home Purchase, with 182 originations. The 2nd most popular reason was Cash Out Refi, with 28 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 130 $30,410,000 $233,923 $2,478 6.41%
    5 Year 35 $5,125,000 $146,429 $0 6.05%
    3 Year 29 $17,195,000 $592,931 $0 5.56%
    Other 17 $2,405,000 $141,471 $0 6.22%
    15 Year 16 $3,120,000 $195,000 $2,325 5.68%
    20 Year 10 $1,630,000 $163,000 $2,554 6.26%
    10 Year 3 $305,000 $101,667 $2,422 6.04%

    For 2024, Dutrac Community Credit Union's most frequently cited loan duration was 30 Year, with 130 originations. The 2nd most popular length was 5 Year, with 35 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 118 $27,180,000 $230,339
    $1k-2k 37 $7,695,000 $207,973
    $2k-3k 4 $590,000 $147,500

    Dutrac Community Credit Union's average total fees were $2,478, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 118 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 147 $30,265,000 $205,884
    5-6% 75 $26,745,000 $356,600
    4-5% 9 $1,475,000 $163,889
    7-8% 9 $1,705,000 $189,444

    During 2024, Dutrac Community Credit Union's average interest rate for loans was 6.41%, while their most frequently originated rate bucket for loans was 6-7%, with 147 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 100 $14,770,000 $147,700 $2,529 6.22%
    $200k-400k 75 $21,575,000 $287,667 $2,435 6.17%
    $100,000 or less 45 $3,055,000 $67,889 $2,390 6.19%
    $400k-600k 12 $6,000,000 $500,000 $2,446 6.23%
    $1MM+ 4 $11,780,000 $2,945,000 $0 5.66%
    $600k-1MM 4 $3,010,000 $752,500 $2,312 5.88%

    2024 saw Dutrac Community Credit Union place emphasis on $100k-200k loans with 100 originations, totaling $14,770,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 37 $8,575,000 $231,757 $2,456 6.34%
    $75k-100k 35 $6,585,000 $188,143 $2,379 6.28%
    $150k-250k 30 $10,020,000 $334,000 $2,763 6.33%
    $50k-75k 30 $4,430,000 $147,667 $2,388 6.33%
    $50k or less 21 $2,415,000 $115,000 $2,364 6.33%
    $250k+ 9 $3,465,000 $385,000 $2,339 6.33%

    Dutrac Community Credit Union lent most frequently to those with incomes in the $100k-150k range, with 37 originations. The second most popular income band? $75k-100k, with 35 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 46 $9,250,000 $201,087 $2,451 6.26%
    30-36% 43 $8,535,000 $198,488 $2,586 6.37%
    40% 12 $2,590,000 $215,833 $2,480 6.39%
    <20% 12 $2,370,000 $197,500 $2,448 6.24%
    42% 9 $2,155,000 $239,444 $2,292 6.28%
    38% 8 $2,520,000 $315,000 $2,467 6.69%
    36% 7 $1,585,000 $226,429 $2,283 6.39%
    39% 6 $1,590,000 $265,000 $2,325 6.17%
    41% 3 $485,000 $161,667 $2,378 5.96%
    37% 3 $845,000 $281,667 $2,341 6.04%
    43% 3 $875,000 $291,667 $2,355 6.79%
    44% 2 $650,000 $325,000 $2,675 6.06%
    49% 2 $1,050,000 $525,000 $2,450 6.75%
    45% 1 $215,000 $215,000 $2,175 6.50%
    46% 1 $385,000 $385,000 $3,001 5.63%
    47% 1 $365,000 $365,000 $2,187 5.63%

    Dutrac Community Credit Union lent most frequently to those with DTI ratios of 20-30%, with 46 originations. The next most common DTI ratio? 30-36%, with 43 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 145 $30,355,000 $209,345 $2,461 6.33%
    Not applicable 77 $24,335,000 $316,039 $0 5.88%
    Not provided 8 $2,150,000 $268,750 $2,752 6.11%
    Asian Indian 5 $2,045,000 $409,000 $2,291 6.05%
    Asian 1 $595,000 $595,000 $2,362 6.50%
    Chinese 1 $345,000 $345,000 $2,247 6.63%
    Black 1 $155,000 $155,000 $2,374 6.50%
    American Indian 1 $125,000 $125,000 $2,257 6.63%
    Guamanian 1 $85,000 $85,000 $2,442 7.38%

    Approval Rates

    Total approvals of all applications
    95.45%

    Dutrac Community Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    86.25%

    Dutrac Community Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 240 $60,190,000 $250,792

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    240 $60,190,000 $250,792

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 20 $3,080,000 $154,000 $2,213 6.08%
    40-60% 33 $8,635,000 $261,667 $2,353 5.88%
    60-80% 60 $18,090,000 $301,500 $2,471 6.31%
    80-100% 88 $21,350,000 $242,614 $2,505 6.38%
    Under 20% 39 $9,035,000 $231,667 $2,653 5.84%