Union Federal Savings And Loan Association Mortgage Rates, Fees & Info

Kewanee, IL

LEI: 254900TY6UTJ321IPS13

Tax ID: 36-1893040

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Union Federal Savings And Loan Association is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. Union Federal Savings And Loan Association has a high proportion of conventional loans. Their top markets by origination volume include: Madison, Davenport, Peoria, Beaver Dam, and Galesburg among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Union Federal Savings And Loan Association 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.

    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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    Originations

    42

    Origination Dollar Volume (All Markets)

    $10,070,000

    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
    MADISON, WI (FHA|USDA|VA) 7 $5,305,000 $757,857 $0 0.00%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 31 $3,535,000 $114,032 $0 0.00%
    PEORIA, IL (FHA|USDA|VA) 2 $1,120,000 $560,000 $0 0.00%
    Beaver Dam, WI (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
    Galesburg, IL (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
    Union Federal Savings And Loan Association's top markets include Madison, Davenport, Peoria, Beaver Dam, and Galesburg among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 42 $10,070,000 $239,762 $0 0.00%

    For 2024, Union Federal Savings And Loan Association's most frequently originated type of loan was Conventional, with 42 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 29 $4,885,000 $168,448 $0 0.00%
    Cash Out Refi 6 $4,770,000 $795,000 $0 0.00%
    Other 4 $140,000 $35,000 $0 0.00%
    Home Improvement 2 $70,000 $35,000 $0 0.00%
    Refi 1 $205,000 $205,000 $0 0.00%

    For 2024, Union Federal Savings And Loan Association's most frequently cited loan purpose was Home Purchase, with 29 originations. The 2nd most popular reason was Cash Out Refi, with 6 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 42 $10,070,000 $239,762 $0 0.00%

    For 2024, Union Federal Savings And Loan Association's most frequently cited loan duration was Other, with 42 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 25 $1,235,000 $49,400 $0 0.00%
    $100k-200k 7 $1,015,000 $145,000 $0 0.00%
    $400k-600k 4 $2,140,000 $535,000 $0 0.00%
    $200k-400k 3 $815,000 $271,667 $0 0.00%
    $1MM+ 2 $4,110,000 $2,055,000 $0 0.00%
    $600k-1MM 1 $755,000 $755,000 $0 0.00%

    2024 saw Union Federal Savings And Loan Association place emphasis on $100,000 or less loans with 25 originations, totaling $1,235,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 11 $595,000 $54,091 $0 0.00%
    $50k or less 8 $390,000 $48,750 $0 0.00%
    $100k-150k 5 $565,000 $113,000 $0 0.00%
    $75k-100k 4 $550,000 $137,500 $0 0.00%
    $150k-250k 3 $1,105,000 $368,333 $0 0.00%
    $250k+ 2 $1,310,000 $655,000 $0 0.00%

    Union Federal Savings And Loan Association lent most frequently to those with incomes in the $50k-75k range, with 11 originations. The second most popular income band? $50k or less, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 42 $10,070,000 $239,762 $0 0.00%

    Union Federal Savings And Loan Association lent most frequently to those with DTI ratios of Exempt%, with 42 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 7 $5,365,000 $766,429 $0 0.00%
    White 33 $3,785,000 $114,697 $0 0.00%
    Not provided 1 $755,000 $755,000 $0 0.00%
    Black 1 $165,000 $165,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.06%

    Union Federal Savings And Loan Association has an average approval rate.

    Pick Rate

    Approvals leading to origination
    73.81%

    Union Federal Savings And Loan Association has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 42 $10,070,000 $239,762

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    42 $10,070,000 $239,762