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

Jump to:

  • 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 loans. Dutrac Community Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Dubuque, Davenport, Muscatine, Cedar Rapids, and Clinton among others. We have data for 10 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 an above 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 6.35% 10/22/24
    30 Year Conventional Refi 6.43% 10/22/24
    30 Year Cash-out Refi 6.60% 10/22/24
    30 Year FHA Refi 6.58% 10/22/24
    30 Year VA Purchase 6.16% 10/22/24
    30 Year USDA Purchase 6.27% 10/22/24
    15 Year Conventional Purchase 5.75% 10/22/24
    15 Year Conventional Refi 5.70% 10/22/24
    15 Year Cash-out Refi 5.70% 10/22/24
    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

    312

    Origination Dollar Volume (All Markets)

    $63,560,000

    Awards

    DuTrac Community Credit Union 30 Year Conventional Loans gold
    Show all (1) 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
    DUBUQUE, IA (FHA|USDA|VA) 104 $26,680,000 $256,538 $2,245 4.39%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 142 $23,360,000 $164,507 $2,327 4.27%
    Muscatine, IA (FHA|USDA|VA) 2 $4,320,000 $2,160,000 $2,344 4.13%
    CEDAR RAPIDS, IA (FHA|USDA|VA) 15 $2,545,000 $169,667 $2,292 4.36%
    Clinton, IA (FHA|USDA|VA) 18 $2,060,000 $114,444 $2,020 3.96%
    Outside of Metro Areas 16 $2,040,000 $127,500 $2,403 4.33%
    Platteville, WI (FHA|USDA|VA) 5 $845,000 $169,000 $2,312 4.03%
    IOWA CITY, IA (FHA|USDA|VA) 3 $785,000 $261,667 $2,062 3.92%
    Sterling, IL (FHA|USDA|VA) 4 $680,000 $170,000 $2,536 4.09%
    ROCKFORD, IL (FHA|USDA|VA) 3 $245,000 $81,667 $0 4.04%
    Dutrac Community Credit Union's top markets include Dubuque, Davenport, 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.

    THE FAMILY CREDIT UNION
    Similarity Rank: 84
    BankIowa of Cedar Rapids
    Similarity Rank: 135
    LINN AREA
    Similarity Rank: 136
    FIRST
    Similarity Rank: 144
    R.I.A. Federal Credit Union
    Similarity Rank: 154
    Hills Bank and Trust Company
    Similarity Rank: 190
    Community Savings Bank
    Similarity Rank: 200
    ASCENTRA
    Similarity Rank: 210
    Farmers & Merchants Savings Bank
    Similarity Rank: 240
    GAS AND ELECTRIC CREDIT UNION
    Similarity Rank: 272

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 307 $62,295,000 $202,915 $2,248 4.29%
    VA 5 $1,265,000 $253,000 $4,253 4.35%

    For 2022, Dutrac Community Credit Union's most frequently originated type of loan was Conventional, with 307 originations. Their 2nd most popular type was VA, with 5 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 205 $44,485,000 $217,000 $2,382 4.60%
    Refi 56 $7,720,000 $137,857 $2,011 3.60%
    Cash Out Refi 48 $10,960,000 $228,333 $2,193 3.80%
    Home Improvement 3 $395,000 $131,667 $2,181 3.67%

    For 2022, Dutrac Community Credit Union's most frequently cited loan purpose was Home Purchase, with 205 originations. The 2nd most popular reason was Refi, with 56 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 154 $29,400,000 $190,909 $2,332 4.60%
    Other 81 $13,585,000 $167,716 $0 4.04%
    15 Year 44 $6,940,000 $157,727 $2,279 3.75%
    20 Year 10 $1,640,000 $164,000 $2,083 3.90%
    10 Year 10 $9,530,000 $953,000 $1,882 3.80%
    5 Year 10 $1,610,000 $161,000 $0 4.38%
    3 Year 3 $855,000 $285,000 $0 5.54%

    For 2022, Dutrac Community Credit Union's most frequently cited loan duration was 30 Year, with 154 originations. The 2nd most popular length was Other, with 81 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 152 $28,900,000 $190,132
    $1k-2k 53 $8,445,000 $159,340
    $2k-3k 4 $650,000 $162,500

    Dutrac Community Credit Union's average total fees were $2,332, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 152 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 133 $24,035,000 $180,714
    4-5% 72 $22,050,000 $306,250
    5-6% 53 $8,925,000 $168,396
    2.5-3% 29 $5,355,000 $184,655
    6-7% 17 $2,025,000 $119,118
    7-8% 5 $835,000 $167,000
    <2.5% 3 $335,000 $111,667

    During 2022, Dutrac Community Credit Union's average interest rate for loans was 4.60%, while their most frequently originated rate bucket for loans was 3-4%, with 133 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 128 $17,880,000 $139,688 $2,288 4.13%
    $100,000 or less 96 $6,790,000 $70,729 $2,211 4.45%
    $200k-400k 76 $20,920,000 $275,263 $2,370 4.36%
    $400k-600k 9 $4,445,000 $493,889 $2,242 4.49%
    $1MM+ 2 $12,870,000 $6,435,000 $0 4.00%
    $600k-1MM 1 $655,000 $655,000 $0 2.88%

    2022 saw Dutrac Community Credit Union place emphasis on $100k-200k loans with 128 originations, totaling $17,880,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 62 $12,520,000 $201,935 $2,267 4.41%
    $50k-75k 61 $7,985,000 $130,902 $2,482 4.37%
    $50k or less 40 $4,300,000 $107,500 $2,217 4.08%
    $75k-100k 32 $5,840,000 $182,500 $2,281 4.54%
    $150k-250k 21 $6,295,000 $299,762 $2,108 4.55%
    $250k+ 5 $1,885,000 $377,000 $2,258 3.95%

    Dutrac Community Credit Union lent most frequently to those with incomes in the $100k-150k range, with 62 originations. The second most popular income band? $50k-75k, with 61 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 68 $12,000,000 $176,471 $2,308 4.47%
    30-36% 45 $8,935,000 $198,556 $2,178 4.36%
    <20% 23 $3,295,000 $143,261 $2,151 4.15%
    40% 15 $2,875,000 $191,667 $2,421 4.35%
    41% 10 $1,610,000 $161,000 $2,135 4.59%
    36% 10 $1,550,000 $155,000 $3,444 4.71%
    37% 8 $1,130,000 $141,250 $2,258 3.75%
    43% 8 $1,870,000 $233,750 $2,514 4.72%
    39% 8 $1,430,000 $178,750 $2,227 4.30%
    42% 6 $1,110,000 $185,000 $2,281 4.06%
    46% 4 $1,120,000 $280,000 $2,243 4.66%
    38% 3 $305,000 $101,667 $2,022 3.38%
    44% 2 $380,000 $190,000 $1,293 4.88%
    45% 1 $355,000 $355,000 $2,277 4.88%
    48% 1 $215,000 $215,000 $2,020 3.38%
    50-60% 1 $165,000 $165,000 $2,000 3.00%

    Dutrac Community Credit Union lent most frequently to those with DTI ratios of 20-30%, with 68 originations. The next most common DTI ratio? 30-36%, with 45 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 206 $35,460,000 $172,136 $2,298 4.36%
    Not applicable 83 $23,425,000 $282,229 $0 4.08%
    Not provided 17 $3,795,000 $223,235 $2,305 4.24%
    American Indian 3 $475,000 $158,333 $2,236 4.96%
    Black 2 $280,000 $140,000 $2,083 4.75%
    Asian 1 $125,000 $125,000 $2,389 5.88%

    Approval Rates

    Total approvals of all applications
    95.53%

    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
    90.38%

    Dutrac Community Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 312 $63,560,000 $203,718

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    312 $63,560,000 $203,718

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 27 $6,915,000 $256,111 $2,096 4.16%
    40-60% 37 $5,235,000 $141,486 $2,246 3.96%
    60-80% 82 $15,290,000 $186,463 $2,214 4.17%
    80-100% 104 $28,870,000 $277,596 $2,395 4.69%
    Under 20% 62 $7,250,000 $116,935 $2,115 4.02%