Us #1364 Federal Credit Union Mortgage Rates, Fees & Info
MERRILLVILLE, INLEI: 549300B86Q2KK5MQXB44
Tax ID: 00-1809750
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Mortgage Data
Review & Overview
Us #1364 Federal Credit Union is a smaller credit union specializing in Home Purchase loans. Us #1364 Federal Credit Union has a high proportion of conventional loans. Their top two markets are Chicago and South Bend .Us #1364 Federal 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
12Origination Dollar Volume (All Markets)
$3,400,000Top 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) | 11 | $3,215,000 | $292,273 | $0 | 0.00% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 12 | $3,400,000 | $283,333 | $0 | 0.00% |
For 2023, Us #1364 Federal Credit Union's most frequently originated type of loan was Conventional, with 12 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 10 | $3,120,000 | $312,000 | $0 | 0.00% |
| Cash Out Refi | 2 | $280,000 | $140,000 | $0 | 0.00% |
For 2023, Us #1364 Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 10 originations. The 2nd most popular reason was Cash Out Refi, with 2 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 12 | $3,400,000 | $283,333 | $0 | 0.00% |
For 2023, Us #1364 Federal Credit Union's most frequently cited loan duration was Other, with 12 originations.
Loan Sizing
2023 saw Us #1364 Federal Credit Union place emphasis on $200k-400k loans with 6 originations, totaling $1,640,000 in origination value.
Applicant Income
Us #1364 Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 5 originations. The second most popular income band? $150k-250k, with 2 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 12 | $3,400,000 | $283,333 | $0 | 0.00% |
Us #1364 Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 12 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.24%
Us #1364 Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination83.33%
Us #1364 Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 12 | $3,400,000 | $283,333 |