Streator Onized Credit Union Mortgage Rates, Fees & Info

Streator, IL

LEI: 254900T1NXF0ZR9PMX05

Tax ID: 36-2494471

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Mortgage Data

Review & Overview

Streator Onized Credit Union is a smaller credit union specializing in Cash Out Refi loans. Streator Onized Credit Union has a high proportion of conventional loans. Streator Onized Credit Union has an average proportion of conventional loans. Their top markets by origination volume include: Ottawa, Pontiac, Chicago, Bloomington, and Peoria among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

Streator Onized Credit Union has an 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

88

Origination Dollar Volume (All Markets)

$6,010,000

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
Ottawa, IL (FHA|USDA|VA) 55 $3,875,000 $70,455 $977 4.20%
Pontiac, IL (FHA|USDA|VA) 23 $1,345,000 $58,478 $1,448 4.53%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 6 $500,000 $83,333 $0 0.00%
Outside of Metro Areas 2 $150,000 $75,000 $0 0.00%
BLOOMINGTON, IL (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
PEORIA, IL (FHA|USDA|VA) 1 $15,000 $15,000 $0 0.00%
Streator Onized Credit Union's top markets include Ottawa, Pontiac, Chicago, Bloomington, and Peoria among others.

Their top states include:
  • Illinois (FHA|USDA|VA)
  • (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 83 $5,655,000 $68,133 $0 0.00%
    Conventional 5 $355,000 $71,000 $1,165 4.33%

    For 2018, Streator Onized Credit Union's most frequently originated type of loan was Conventional, with 83 originations. Their 2nd most popular type was Conventional, with 5 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 51 $3,645,000 $71,471 $1,014 4.32%
    Other 17 $485,000 $28,529 $0 0.00%
    Home Purchase 11 $1,145,000 $104,091 $1,770 4.38%
    Refi 9 $735,000 $81,667 $0 0.00%

    For 2018, Streator Onized Credit Union's most frequently cited loan purpose was Cash Out Refi, with 51 originations. The 2nd most popular reason was Other, with 17 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 83 $5,655,000 $68,133 $0 0.00%
    15 Year 4 $330,000 $82,500 $1,263 4.32%
    5 Year 1 $25,000 $25,000 $775 4.39%

    For 2018, Streator Onized Credit Union's most frequently cited loan duration was Other, with 83 originations. The 2nd most popular length was 15 Year, with 4 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 5 $355,000 $71,000

    Streator Onized Credit Union's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 5 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 4 $250,000 $62,500
    3-4% 1 $105,000 $105,000

    During 2018, Streator Onized Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 4 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 70 $3,520,000 $50,286 $984 4.48%
    $100k-200k 17 $2,255,000 $132,647 $1,437 4.11%
    $200k-400k 1 $235,000 $235,000 $0 0.00%

    2018 saw Streator Onized Credit Union place emphasis on $100,000 or less loans with 70 originations, totaling $3,520,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 24 $1,010,000 $42,083 $0 0.00%
    $50k-75k 22 $1,440,000 $65,455 $1,089 4.53%
    $75k-100k 21 $1,615,000 $76,905 $939 4.12%
    $100k-150k 17 $1,455,000 $85,588 $1,770 4.38%
    $150k-250k 4 $490,000 $122,500 $0 0.00%

    Streator Onized Credit Union lent most frequently to those with incomes in the $50k or less range, with 24 originations. The second most popular income band? $50k-75k, with 22 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 83 $5,655,000 $68,133 $0 0.00%
    <20% 1 $25,000 $25,000 $775 4.39%
    20-30% 1 $105,000 $105,000 $1,103 3.84%
    30-36% 1 $125,000 $125,000 $1,770 4.38%
    37% 1 $55,000 $55,000 $1,053 4.37%
    39% 1 $45,000 $45,000 $1,125 4.68%

    Streator Onized Credit Union lent most frequently to those with DTI ratios of Exempt%, with 83 originations. The next most common DTI ratio? <20%, with 1 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 85 $5,875,000 $69,118 $1,165 4.33%
    Not provided 2 $110,000 $55,000 $0 0.00%
    Black 1 $25,000 $25,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    72.20%

    Streator Onized Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    38.64%

    Streator Onized Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 83 $5,655,000 $68,133
    NA 5 $355,000 $71,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 88 $6,010,000 $68,295

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1 $25,000 $25,000 $775 4.39%
    60-80% 3 $205,000 $68,333 $1,093 4.30%
    80-100% 1 $125,000 $125,000 $1,770 4.38%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Stewart Information Services Other type of mortgage Trouble during payment process 3 75.0%
    Stewart Information Services Reverse mortgage Trouble during payment process 1 25.0%