Cu/america Financial Services Inc Mortgage Rates, Fees & Info
LOMBARD, ILLEI: 549300CCMDS6R6KCV460
Tax ID: 36-3920095
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Cu/america Financial Services Inc is a smaller mortgage company specializing in Cash Out Refi and Home Purchase loans. Cu/america Financial Services Inc has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, St. Louis, and Rochelle among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Cu/america Financial Services Inc has an above average approval rate when compared to the average across all lenders. They typically have about average rates.
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Originations
60Origination Dollar Volume (All Markets)
$10,300,000Top 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) | 43 | $8,245,000 | $191,744 | $0 | 4.34% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 15 | $1,755,000 | $117,000 | $0 | 4.32% |
| Rochelle, IL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 4.63% |
| Outside of Metro Areas | 1 | $135,000 | $135,000 | $0 | 4.75% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 60 | $10,300,000 | $171,667 | $0 | 4.35% |
For 2018, Cu/america Financial Services Inc's most frequently originated type of loan was Conventional, with 60 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 30 | $5,460,000 | $182,000 | $0 | 4.33% |
| Home Purchase | 22 | $3,390,000 | $154,091 | $0 | 4.35% |
| Refi | 8 | $1,450,000 | $181,250 | $0 | 4.39% |
For 2018, Cu/america Financial Services Inc's most frequently cited loan purpose was Cash Out Refi, with 30 originations. The 2nd most popular reason was Home Purchase, with 22 originations.
Loan Duration/Length
For 2018, Cu/america Financial Services Inc's most frequently cited loan duration was 30 Year, with 38 originations. The 2nd most popular length was 15 Year, with 12 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 49 | $8,225,000 | $167,857 |
| 3-4% | 11 | $2,075,000 | $188,636 |
During 2018, Cu/america Financial Services Inc's average interest rate for loans was 4.49%, while their most frequently originated rate bucket for loans was 4-5%, with 49 originations.
Loan Sizing
2018 saw Cu/america Financial Services Inc place emphasis on $100k-200k loans with 30 originations, totaling $4,530,000 in origination value.
Applicant Income
Cu/america Financial Services Inc lent most frequently to those with incomes in the $100k-150k range, with 14 originations. The second most popular income band? $50k-75k, with 12 originations.
Applicant Debt to Income Ratio
Cu/america Financial Services Inc lent most frequently to those with DTI ratios of 20-30%, with 23 originations. The next most common DTI ratio? 30-36%, with 11 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 54 | $8,950,000 | $165,741 | $0 | 4.32% |
| Black | 4 | $1,010,000 | $252,500 | $0 | 4.72% |
| Asian | 2 | $340,000 | $170,000 | $0 | 4.44% |
Approval Rates
Total approvals of all applications100.00%
Cu/america Financial Services Inc has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1732.0 | 2 | $540,000 | $270,000 |
| 1783.0 | 1 | $115,000 | $115,000 |
| 1861.47 | 1 | $155,000 | $155,000 |
| 1863.56 | 1 | $185,000 | $185,000 |
| 1898.5 | 1 | $95,000 | $95,000 |
| 1907.25 | 1 | $105,000 | $105,000 |
| 1945.15 | 1 | $75,000 | $75,000 |
| 1964.2 | 1 | $65,000 | $65,000 |
| 1973.08 | 1 | $65,000 | $65,000 |
| 1982.0 | 3 | $785,000 | $261,667 |
| 1992.0 | 1 | $285,000 | $285,000 |
| 2007.0 | 2 | $360,000 | $180,000 |
| 2009.2 | 1 | $115,000 | $115,000 |
| 2030.0 | 1 | $85,000 | $85,000 |
| 2048.0 | 1 | $185,000 | $185,000 |
| 2075.63 | 1 | $195,000 | $195,000 |
| 2077.0 | 1 | $135,000 | $135,000 |
| 2132.0 | 1 | $175,000 | $175,000 |
| 2152.5 | 1 | $285,000 | $285,000 |
| 2193.5 | 1 | $145,000 | $145,000 |
| 2207.0 | 1 | $135,000 | $135,000 |
| 2288.5 | 1 | $155,000 | $155,000 |
| 2293.0 | 1 | $95,000 | $95,000 |
| 2402.5 | 7 | $1,045,000 | $149,286 |
| 2427.5 | 4 | $550,000 | $137,500 |
| 2493.0 | 3 | $525,000 | $175,000 |
| 2534.0 | 1 | $215,000 | $215,000 |
| 2538.66 | 1 | $175,000 | $175,000 |
| 2569.0 | 1 | $435,000 | $435,000 |
| 2572.5 | 1 | $55,000 | $55,000 |
| 2577.5 | 1 | $65,000 | $65,000 |
| 2593.0 | 1 | $285,000 | $285,000 |
| 2657.06 | 1 | $145,000 | $145,000 |
| 2684.0 | 1 | $145,000 | $145,000 |
| 2694.35 | 1 | $235,000 | $235,000 |
| 2717.78 | 1 | $135,000 | $135,000 |
| 2872.7 | 1 | $275,000 | $275,000 |
| 2886.44 | 1 | $75,000 | $75,000 |
| 2971.48 | 1 | $455,000 | $455,000 |
| 3207.1 | 1 | $135,000 | $135,000 |
| 3337.8 | 1 | $175,000 | $175,000 |
| 3419.5 | 1 | $135,000 | $135,000 |
| 3684.0 | 1 | $155,000 | $155,000 |
| 3965.5 | 1 | $155,000 | $155,000 |
| 4757.1 | 1 | $195,000 | $195,000 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 60 | $10,300,000 | $171,667 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Comerica | Other type of mortgage | Struggling to pay mortgage | 1 | 14.3% |
| Comerica | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 2 | 28.6% |
| Comerica | Home equity loan or line of credit (HELOC) | Trouble during payment process | 2 | 28.6% |
| Comerica | Conventional home mortgage | Trouble during payment process | 1 | 14.3% |
| Comerica | Other type of mortgage | Trouble during payment process | 1 | 14.3% |