Decatur Earthmover Credit Union Mortgage Rates, Fees & Info

Forsyth, IL

LEI: 5493007NQFYTLJ0O4M47

Tax ID: 37-6026191

5 stars - Updated: 4/5/25 - out of 5 stars, based on 10 reviews

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • 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

    Decatur Earthmover Credit Union is a smaller credit union specializing in Other and Home Purchase loans. Decatur Earthmover Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Decatur, Champaign, Bloomington, Lincoln, and Charleston among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Decatur Earthmover 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. Decatur Earthmover 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 7.39% 4/5/25
    15 Year Conventional Purchase 6.43% 4/5/25
    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.

    Decatur Earthmover Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Decatur Earthmover 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

    97

    Origination Dollar Volume (All Markets)

    $5,585,000

    Awards

    DECATUR EARTHMOVER CREDIT UNION 30 Year Conventional Loans gold
    Show all (1) awards

    Relative Rate

    Decatur Earthmover Credit Union's average 30 year fixed mortgage rate was 6.61%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of 0.06%.

    Relative Fees (Closing Costs)

    Decatur Earthmover Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $2,422.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $8,356.

    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
    DECATUR, IL (FHA|USDA|VA) 66 $3,520,000 $53,333 $834 7.11%
    CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 11 $755,000 $68,636 $1,294 6.80%
    Outside of Metro Areas 11 $685,000 $62,273 $1,198 7.22%
    BLOOMINGTON, IL (FHA|USDA|VA) 3 $275,000 $91,667 $679 7.30%
    Lincoln, IL (FHA|USDA|VA) 2 $180,000 $90,000 $970 8.55%
    Charleston-Mattoon, IL (FHA|USDA|VA) 3 $125,000 $41,667 $1,258 6.73%
    Effingham, IL (FHA|USDA|VA) 1 $45,000 $45,000 $909 7.65%
    Decatur Earthmover Credit Union's top markets include Decatur, Champaign, Bloomington, Lincoln, and Charleston among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 97 $5,585,000 $57,577 $939 7.12%

    For 2024, Decatur Earthmover Credit Union's most frequently originated type of loan was Conventional, with 97 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 58 $2,980,000 $51,379 $682 7.09%
    Home Improvement 19 $605,000 $31,842 $594 7.49%
    Home Purchase 15 $1,635,000 $109,000 $2,439 6.60%
    Cash Out Refi 5 $365,000 $73,000 $739 7.65%

    For 2024, Decatur Earthmover Credit Union's most frequently cited loan purpose was Other, with 58 originations. The 2nd most popular reason was Home Improvement, with 19 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 28 $1,320,000 $47,143 $639 7.38%
    Other 16 $390,000 $24,375 $565 7.55%
    5 Year 15 $375,000 $25,000 $563 6.32%
    15 Year 15 $985,000 $65,667 $971 6.84%
    30 Year 13 $1,555,000 $119,615 $2,422 6.61%
    20 Year 9 $945,000 $105,000 $985 7.91%
    3 Year 1 $15,000 $15,000 $791 8.75%

    For 2024, Decatur Earthmover Credit Union's most frequently cited loan duration was 10 Year, with 28 originations. The 2nd most popular length was Other, with 16 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 97 $5,585,000 $57,577

    Decatur Earthmover Credit Union's average total fees were $2,422, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 97 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 53 $3,095,000 $58,396
    7-8% 18 $1,300,000 $72,222
    Over 8% 15 $645,000 $43,000
    5-6% 11 $545,000 $49,545

    During 2024, Decatur Earthmover Credit Union's average interest rate for loans was 6.61%, while their most frequently originated rate bucket for loans was 6-7%, with 53 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 82 $3,500,000 $42,683 $787 7.11%
    $100k-200k 15 $2,085,000 $139,000 $1,772 7.19%

    2024 saw Decatur Earthmover Credit Union place emphasis on $100,000 or less loans with 82 originations, totaling $3,500,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 25 $1,775,000 $71,000 $1,014 7.05%
    $100k-150k 23 $1,565,000 $68,043 $1,036 7.28%
    $50k-75k 20 $920,000 $46,000 $847 7.45%
    $50k or less 16 $600,000 $37,500 $971 6.79%
    $150k-250k 13 $725,000 $55,769 $726 6.87%

    Decatur Earthmover Credit Union lent most frequently to those with incomes in the $75k-100k range, with 25 originations. The second most popular income band? $100k-150k, with 23 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 28 $1,660,000 $59,286 $961 6.60%
    30-36% 21 $1,245,000 $59,286 $968 7.00%
    <20% 13 $675,000 $51,923 $779 6.82%
    36% 8 $250,000 $31,250 $677 7.64%
    42% 8 $520,000 $65,000 $1,025 7.16%
    41% 5 $265,000 $53,000 $1,179 7.72%
    39% 5 $225,000 $45,000 $679 9.26%
    40% 4 $330,000 $82,500 $1,026 7.40%
    37% 3 $285,000 $95,000 $1,373 8.02%
    46% 1 $35,000 $35,000 $416 6.25%
    38% 1 $95,000 $95,000 $2,194 7.00%

    Decatur Earthmover Credit Union lent most frequently to those with DTI ratios of 20-30%, with 28 originations. The next most common DTI ratio? 30-36%, with 21 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 83 $4,935,000 $59,458 $981 7.09%
    Not provided 7 $435,000 $62,143 $611 7.06%
    Black 6 $160,000 $26,667 $754 7.77%
    American Indian 1 $55,000 $55,000 $866 6.55%

    Approval Rates

    Total approvals of all applications
    84.96%

    Decatur Earthmover Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    83.51%

    Decatur Earthmover Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 97 $5,585,000 $57,577

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    97 $5,585,000 $57,577

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 25 $1,135,000 $45,400 $645 7.48%
    40-60% 16 $990,000 $61,875 $751 7.49%
    60-80% 19 $1,395,000 $73,421 $1,274 6.92%
    80-100% 12 $1,420,000 $118,333 $2,060 6.69%
    Under 20% 25 $645,000 $25,800 $561 6.88%