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 markets by origination volume include: Chicago, Michigan City, and Indianapolis among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)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
38Origination Dollar Volume (All Markets)
$6,870,000Top 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) | 36 | $6,490,000 | $180,278 | $0 | 0.00% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 38 | $6,870,000 | $180,789 | $0 | 0.00% |
For 2018, Us #1364 Federal Credit Union's most frequently originated type of loan was Conventional, with 38 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 22 | $4,560,000 | $207,273 | $0 | 0.00% |
| Cash Out Refi | 10 | $1,340,000 | $134,000 | $0 | 0.00% |
| Refi | 6 | $970,000 | $161,667 | $0 | 0.00% |
For 2018, Us #1364 Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 22 originations. The 2nd most popular reason was Cash Out Refi, with 10 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 38 | $6,870,000 | $180,789 | $0 | 0.00% |
For 2018, Us #1364 Federal Credit Union's most frequently cited loan duration was Other, with 38 originations.
Loan Sizing
2018 saw Us #1364 Federal Credit Union place emphasis on $100k-200k loans with 15 originations, totaling $2,205,000 in origination value.
Applicant Income
Us #1364 Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 11 originations. The second most popular income band? $75k-100k, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 38 | $6,870,000 | $180,789 | $0 | 0.00% |
Us #1364 Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 38 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 31 | $5,115,000 | $165,000 | $0 | 0.00% |
| Asian | 3 | $935,000 | $311,667 | $0 | 0.00% |
| Black | 4 | $820,000 | $205,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications91.84%
Us #1364 Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination84.21%
Us #1364 Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 38 | $6,870,000 | $180,789 |