Land Of Lincoln Credit Union Mortgage Rates, Fees & Info
Decatur, ILLEI: 549300JY7AI2T0M8WT17
Tax ID: 37-0643547
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Mortgage Data
Review & Overview
Land Of Lincoln Credit Union is a smaller credit union specializing in Refi and Home Purchase loans. Land Of Lincoln Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Decatur, Springfield, Effingham, and Taylorville among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Land Of Lincoln Credit Union has a below 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
70Origination Dollar Volume (All Markets)
$7,530,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 33 | $3,335,000 | $101,061 | $0 | 0.00% |
| DECATUR, IL (FHA|USDA|VA) | 28 | $2,830,000 | $101,071 | $0 | 0.00% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 7 | $1,175,000 | $167,857 | $0 | 0.00% |
| Effingham, IL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| Taylorville, 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 | 70 | $7,530,000 | $107,571 | $0 | 0.00% |
For 2019, Land Of Lincoln Credit Union's most frequently originated type of loan was Conventional, with 70 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 39 | $4,145,000 | $106,282 | $0 | 0.00% |
| Home Purchase | 30 | $3,040,000 | $101,333 | $0 | 0.00% |
| Other | 1 | $345,000 | $345,000 | $0 | 0.00% |
For 2019, Land Of Lincoln Credit Union's most frequently cited loan purpose was Refi, with 39 originations. The 2nd most popular reason was Home Purchase, with 30 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 70 | $7,530,000 | $107,571 | $0 | 0.00% |
For 2019, Land Of Lincoln Credit Union's most frequently cited loan duration was Other, with 70 originations.
Loan Sizing
2019 saw Land Of Lincoln Credit Union place emphasis on $100,000 or less loans with 38 originations, totaling $2,200,000 in origination value.
Applicant Income
Land Of Lincoln Credit Union lent most frequently to those with incomes in the $50k-75k range, with 21 originations. The second most popular income band? $100k-150k, with 20 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 70 | $7,530,000 | $107,571 | $0 | 0.00% |
Land Of Lincoln Credit Union lent most frequently to those with DTI ratios of Exempt%, with 70 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 59 | $6,105,000 | $103,475 | $0 | 0.00% |
| Not applicable | 4 | $900,000 | $225,000 | $0 | 0.00% |
| Black | 7 | $525,000 | $75,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications58.39%
Land Of Lincoln Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination75.71%
Land Of Lincoln Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 70 | $7,530,000 | $107,571 |