Dutrac Community Credit Union Mortgage Rates, Fees & Info
Dubuque, IALEI: 254900LIEBWBUKVDWP33
Tax ID: 42-0670685
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Mortgage Data
Review & Overview
Dutrac Community Credit Union is a smaller credit union specializing in Refi, Home Purchase, and Cash Out Refi loans. Dutrac Community Credit Union has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Davenport, Dubuque, Clinton, Muscatine, and Mason City among others. We have data for 14 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.
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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.35% | 4/18/24 |
| 30 Year Conventional Refi | 6.43% | 4/18/24 |
| 30 Year Cash-out Refi | 6.60% | 4/18/24 |
| 30 Year FHA Refi | 6.58% | 4/18/24 |
| 30 Year VA Purchase | 6.16% | 4/18/24 |
| 30 Year USDA Purchase | 6.27% | 4/18/24 |
| 15 Year Conventional Purchase | 5.75% | 4/18/24 |
| 15 Year Conventional Refi | 5.70% | 4/18/24 |
| 15 Year Cash-out Refi | 5.70% | 4/18/24 |
| 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. | ||
Dutrac Community Credit Union Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
537Origination Dollar Volume (All Markets)
$112,945,000Top 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 |
|---|---|---|---|---|---|
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 250 | $54,930,000 | $219,720 | $0 | 0.00% |
| DUBUQUE, IA (FHA|USDA|VA) | 185 | $39,295,000 | $212,405 | $0 | 0.00% |
| Outside of Metro Areas | 36 | $5,930,000 | $164,722 | $0 | 0.00% |
| Clinton, IA (FHA|USDA|VA) | 27 | $3,635,000 | $134,630 | $0 | 0.00% |
| Muscatine, IA (FHA|USDA|VA) | 5 | $2,445,000 | $489,000 | $0 | 0.00% |
| Mason City, IA (FHA|USDA|VA) | 1 | $2,425,000 | $2,425,000 | $0 | 0.00% |
| Platteville, WI (FHA|USDA|VA) | 13 | $1,805,000 | $138,846 | $0 | 0.00% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 13 | $1,675,000 | $128,846 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| Ottawa, IL (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 0.00% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| Sterling, IL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 524 | $110,650,000 | $211,164 | $0 | 0.00% |
| VA | 10 | $1,860,000 | $186,000 | $0 | 0.00% |
| USDA | 3 | $435,000 | $145,000 | $0 | 0.00% |
For 2020, Dutrac Community Credit Union's most frequently originated type of loan was Conventional, with 524 originations. Their 2nd most popular type was VA, with 10 originations.
Loan Reason
For 2020, Dutrac Community Credit Union's most frequently cited loan purpose was Refi, with 198 originations. The 2nd most popular reason was Home Purchase, with 193 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 537 | $112,945,000 | $210,326 | $0 | 0.00% |
For 2020, Dutrac Community Credit Union's most frequently cited loan duration was Other, with 537 originations.
Loan Sizing
2020 saw Dutrac Community Credit Union place emphasis on $100k-200k loans with 256 originations, totaling $37,120,000 in origination value.
Applicant Income
Dutrac Community Credit Union lent most frequently to those with incomes in the $50k-75k range, with 124 originations. The second most popular income band? $100k-150k, with 108 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 537 | $112,945,000 | $210,326 | $0 | 0.00% |
Dutrac Community Credit Union lent most frequently to those with DTI ratios of Exempt%, with 537 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.22%
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 origination81.38%
Dutrac Community Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 537 | $112,945,000 | $210,326 |