Streator Onized Credit Union Mortgage Rates, Fees & Info
Streator, ILLEI: 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
88Origination Dollar Volume (All Markets)
$6,010,000Top 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 |
|---|---|---|---|---|---|
| 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% |
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
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
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
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
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 applications72.20%
Streator Onized Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination38.64%
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% |