Prairieland Federal Credit Union Mortgage Rates, Fees & Info
Normal, ILLEI: 549300DFNUJUK2TUWH32
Tax ID: 37-0661476
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Mortgage Data
Review & Overview
Prairieland Federal Credit Union is a smaller credit union specializing in Refi loans. Prairieland Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Bloomington, Peoria, Champaign, and Rochelle among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Prairieland Federal Credit Union has an average approval rate when compared to the average across all lenders.
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Originations
74Origination Dollar Volume (All Markets)
$5,230,000Top 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 |
|---|---|---|---|---|---|
| BLOOMINGTON, IL (FHA|USDA|VA) | 60 | $4,180,000 | $69,667 | $0 | 0.00% |
| PEORIA, IL (FHA|USDA|VA) | 8 | $440,000 | $55,000 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $350,000 | $87,500 | $0 | 0.00% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| Rochelle, IL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 74 | $5,230,000 | $70,676 | $0 | 0.00% |
For 2019, Prairieland Federal Credit Union's most frequently originated type of loan was Conventional, with 74 originations.
Loan Reason
For 2019, Prairieland Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 26 originations. The 2nd most popular reason was Refi, with 20 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 74 | $5,230,000 | $70,676 | $0 | 0.00% |
For 2019, Prairieland Federal Credit Union's most frequently cited loan duration was Other, with 74 originations.
Loan Sizing
2019 saw Prairieland Federal Credit Union place emphasis on $100,000 or less loans with 55 originations, totaling $1,975,000 in origination value.
Applicant Income
Prairieland Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 18 originations. The second most popular income band? $50k or less, with 17 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 71 | $5,045,000 | $71,056 | $0 | 0.00% |
| Black | 2 | $140,000 | $70,000 | $0 | 0.00% |
| Asian | 1 | $45,000 | $45,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications70.48%
Prairieland Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 74 | $5,230,000 | $70,676 |