Dutrac Community Credit Union Mortgage Rates, Fees & Info

Dubuque, IA

LEI: 254900LIEBWBUKVDWP33

Tax ID: 42-0670685

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • 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, Cash Out Refi, and 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, Mason City, and Cedar Rapids among others. We have data for 12 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.35% 11/17/24
    30 Year Conventional Refi 6.43% 11/17/24
    30 Year Cash-out Refi 6.60% 11/17/24
    30 Year FHA Refi 6.58% 11/17/24
    30 Year VA Purchase 6.16% 11/17/24
    30 Year USDA Purchase 6.27% 11/17/24
    15 Year Conventional Purchase 5.75% 11/17/24
    15 Year Conventional Refi 5.70% 11/17/24
    15 Year Cash-out Refi 5.70% 11/17/24
    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






    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

    508

    Origination Dollar Volume (All Markets)

    $104,690,000
    Show all (6) 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) 217 $55,565,000 $256,060 $2,132 2.79%
    DUBUQUE, IA (FHA|USDA|VA) 160 $27,640,000 $172,750 $2,222 2.80%
    Outside of Metro Areas 55 $7,695,000 $139,909 $2,191 2.85%
    Clinton, IA (FHA|USDA|VA) 25 $3,605,000 $144,200 $2,013 2.93%
    Mason City, IA (FHA|USDA|VA) 2 $3,510,000 $1,755,000 $2,517 3.00%
    CEDAR RAPIDS, IA (FHA|USDA|VA) 26 $3,110,000 $119,615 $2,196 2.88%
    Platteville, WI (FHA|USDA|VA) 9 $1,195,000 $132,778 $2,335 3.03%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 2 $790,000 $395,000 $2,245 2.44%
    Muscatine, IA (FHA|USDA|VA) 4 $730,000 $182,500 $2,054 3.13%
    Sterling, IL (FHA|USDA|VA) 5 $525,000 $105,000 $2,502 2.80%
    IOWA CITY, IA (FHA|USDA|VA) 2 $290,000 $145,000 $2,282 2.81%
    Baraboo, WI (FHA|USDA|VA) 1 $35,000 $35,000 $0 3.38%
    Dutrac Community Credit Union's top markets include Davenport, Dubuque, Clinton, Mason City, and Cedar Rapids 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.

    BankIowa of Cedar Rapids
    Similarity Rank: 75
    R.I.A. Federal Credit Union
    Similarity Rank: 232
    Farmers & Merchants Savings Bank
    Similarity Rank: 240
    GAS AND ELECTRIC CREDIT UNION
    Similarity Rank: 294
    Hills Bank and Trust Company
    Similarity Rank: 308
    FIRST
    Similarity Rank: 308
    ASCENTRA
    Similarity Rank: 325
    LINN AREA
    Similarity Rank: 390
    THE FAMILY CREDIT UNION
    Similarity Rank: 518
    SENB Bank
    Similarity Rank: 540

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 483 $100,175,000 $207,402 $2,058 2.84%
    VA 17 $3,395,000 $199,706 $4,262 2.38%
    USDA 8 $1,120,000 $140,000 $3,730 2.64%

    For 2021, Dutrac Community Credit Union's most frequently originated type of loan was Conventional, with 483 originations. Their 2nd most popular type was VA, with 17 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 204 $44,620,000 $218,725 $2,358 2.87%
    Cash Out Refi 151 $28,905,000 $191,424 $2,084 2.85%
    Refi 133 $27,645,000 $207,857 $2,013 2.69%
    Home Improvement 20 $3,520,000 $176,000 $2,025 2.93%

    For 2021, Dutrac Community Credit Union's most frequently cited loan purpose was Home Purchase, with 204 originations. The 2nd most popular reason was Cash Out Refi, with 151 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 256 $46,750,000 $182,617 $2,302 2.95%
    15 Year 144 $20,100,000 $139,583 $1,996 2.47%
    20 Year 37 $6,315,000 $170,676 $2,004 2.86%
    Other 34 $18,620,000 $547,647 $0 3.13%
    5 Year 17 $6,255,000 $367,941 $0 3.20%
    10 Year 12 $1,690,000 $140,833 $1,993 2.47%
    3 Year 8 $4,960,000 $620,000 $0 3.08%

    For 2021, Dutrac Community Credit Union's most frequently cited loan duration was 30 Year, with 256 originations. The 2nd most popular length was 15 Year, with 144 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 417 $69,135,000 $165,791
    $1k-2k 26 $4,900,000 $188,462
    $2k-3k 2 $420,000 $210,000

    Dutrac Community Credit Union's average total fees were $2,302, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 417 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 264 $58,120,000 $220,152
    <2.5% 139 $24,235,000 $174,353
    3-4% 101 $21,595,000 $213,812
    4-5% 4 $740,000 $185,000

    During 2021, Dutrac Community Credit Union's average interest rate for loans was 2.95%, while their most frequently originated rate bucket for loans was 2.5-3%, with 264 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 240 $34,550,000 $143,958 $2,186 2.78%
    $200k-400k 126 $34,250,000 $271,825 $2,241 2.79%
    $100,000 or less 120 $8,870,000 $73,917 $2,065 2.90%
    $400k-600k 10 $4,550,000 $455,000 $2,164 3.04%
    $1MM+ 6 $17,230,000 $2,871,667 $0 2.83%
    $600k-1MM 6 $5,240,000 $873,333 $0 2.94%

    2021 saw Dutrac Community Credit Union place emphasis on $100k-200k loans with 240 originations, totaling $34,550,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 112 $16,750,000 $149,554 $2,122 2.76%
    $50k or less 111 $11,315,000 $101,937 $2,194 2.86%
    $100k-150k 98 $19,940,000 $203,469 $2,148 2.76%
    $75k-100k 90 $15,480,000 $172,000 $2,226 2.80%
    $150k-250k 24 $7,560,000 $315,000 $2,206 2.78%
    $250k+ 10 $2,980,000 $298,000 $2,112 2.68%

    Dutrac Community Credit Union lent most frequently to those with incomes in the $50k-75k range, with 112 originations. The second most popular income band? $50k or less, with 111 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 142 $22,090,000 $155,563 $2,121 2.74%
    30-36% 103 $17,815,000 $172,961 $2,153 2.81%
    <20% 54 $7,790,000 $144,259 $2,194 2.75%
    40% 24 $4,310,000 $179,583 $2,279 2.85%
    37% 20 $3,550,000 $177,500 $2,086 2.75%
    39% 18 $2,450,000 $136,111 $2,058 2.88%
    42% 18 $3,510,000 $195,000 $2,862 2.72%
    38% 16 $2,850,000 $178,125 $2,064 2.83%
    41% 15 $2,785,000 $185,667 $2,013 2.63%
    36% 15 $2,185,000 $145,667 $2,178 2.91%
    43% 10 $2,750,000 $275,000 $2,174 2.73%
    44% 3 $515,000 $171,667 $2,249 2.75%
    45% 2 $430,000 $215,000 $2,076 3.06%
    47% 2 $390,000 $195,000 $2,463 2.88%
    48% 1 $145,000 $145,000 $2,205 3.00%
    >60% 1 $175,000 $175,000 $1,895 2.50%

    Dutrac Community Credit Union lent most frequently to those with DTI ratios of 20-30%, with 142 originations. The next most common DTI ratio? 30-36%, with 103 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 420 $70,410,000 $167,643 $2,182 2.79%
    Not applicable 53 $28,645,000 $540,472 $0 3.10%
    Not provided 26 $4,320,000 $166,154 $2,059 2.75%
    Black 5 $855,000 $171,000 $1,903 2.70%
    Asian 3 $365,000 $121,667 $1,935 2.88%
    American Indian 1 $95,000 $95,000 $3,156 2.50%

    Approval Rates

    Total approvals of all applications
    95.41%

    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
    85.43%

    Dutrac Community Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 508 $104,690,000 $206,083

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    508 $104,690,000 $206,083

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 30 $6,750,000 $225,000 $1,964 2.74%
    40-60% 100 $16,010,000 $160,100 $2,082 2.68%
    60-80% 189 $35,465,000 $187,646 $2,033 2.82%
    80-100% 156 $35,570,000 $228,013 $2,349 2.87%
    Over 100% 2 $390,000 $195,000 $7,819 2.50%
    Under 20% 31 $10,505,000 $338,871 $0 3.08%