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 two markets are Decatur and Springfield .Land Of Lincoln Credit Union has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.
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Originations
140Origination Dollar Volume (All Markets)
$16,150,000Top 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 | 90 | $11,260,000 | $125,111 | $0 | 0.00% |
| DECATUR, IL (FHA|USDA|VA) | 44 | $4,420,000 | $100,455 | $0 | 0.00% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 6 | $470,000 | $78,333 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 140 | $16,150,000 | $115,357 | $0 | 0.00% |
For 2021, Land Of Lincoln Credit Union's most frequently originated type of loan was Conventional, with 140 originations.
Loan Reason
For 2021, Land Of Lincoln Credit Union's most frequently cited loan purpose was Refi, with 90 originations. The 2nd most popular reason was Home Purchase, with 38 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 140 | $16,150,000 | $115,357 | $0 | 0.00% |
For 2021, Land Of Lincoln Credit Union's most frequently cited loan duration was Other, with 140 originations.
Loan Sizing
2021 saw Land Of Lincoln Credit Union place emphasis on $100,000 or less loans with 66 originations, totaling $4,020,000 in origination value.
Applicant Income
Land Of Lincoln Credit Union lent most frequently to those with incomes in the $50k-75k range, with 34 originations. The second most popular income band? $100k-150k, with 33 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 140 | $16,150,000 | $115,357 | $0 | 0.00% |
Land Of Lincoln Credit Union lent most frequently to those with DTI ratios of Exempt%, with 140 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.14%
Land Of Lincoln Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination93.57%
Land Of Lincoln Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 140 | $16,150,000 | $115,357 |