Us #1364 Federal Credit Union Mortgage Rates, Fees & Info
MERRILLVILLE, INLEI: 549300B86Q2KK5MQXB44
Tax ID: 00-1809750
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Us #1364 Federal Credit Union is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. Us #1364 Federal Credit Union has a high proportion of conventional loans. Their top (well, only) market is Chicago.Us #1364 Federal Credit Union has an above 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
15Origination Dollar Volume (All Markets)
$3,905,000Top 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 |
|---|---|---|---|---|---|
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 15 | $3,905,000 | $260,333 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 15 | $3,905,000 | $260,333 | $0 | 0.00% |
For 2024, Us #1364 Federal Credit Union's most frequently originated type of loan was Conventional, with 15 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 9 | $2,305,000 | $256,111 | $0 | 0.00% |
| Refi | 3 | $695,000 | $231,667 | $0 | 0.00% |
| Cash Out Refi | 3 | $905,000 | $301,667 | $0 | 0.00% |
For 2024, Us #1364 Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 9 originations. The 2nd most popular reason was Refi, with 3 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 15 | $3,905,000 | $260,333 | $0 | 0.00% |
For 2024, Us #1364 Federal Credit Union's most frequently cited loan duration was Other, with 15 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 9 | $2,275,000 | $252,778 | $0 | 0.00% |
| $100k-200k | 4 | $620,000 | $155,000 | $0 | 0.00% |
| $400k-600k | 2 | $1,010,000 | $505,000 | $0 | 0.00% |
2024 saw Us #1364 Federal Credit Union place emphasis on $200k-400k loans with 9 originations, totaling $2,275,000 in origination value.
Applicant Income
Us #1364 Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 4 originations. The second most popular income band? $100k-150k, with 3 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 15 | $3,905,000 | $260,333 | $0 | 0.00% |
Us #1364 Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 15 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 13 | $3,215,000 | $247,308 | $0 | 0.00% |
| Black | 1 | $445,000 | $445,000 | $0 | 0.00% |
| Other Asian | 1 | $245,000 | $245,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications100.00%
Us #1364 Federal 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 origination86.67%
Us #1364 Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 15 | $3,905,000 | $260,333 |