Land Of Lincoln Credit Union Mortgage Rates, Fees & Info
Decatur, ILLEI: 549300JY7AI2T0M8WT17
Tax ID: 37-0643547
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Land Of Lincoln Credit Union is a smaller credit union specializing in Home Purchase and Refi loans. Land Of Lincoln Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Decatur, Champaign, and Springfield among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)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
89Origination Dollar Volume (All Markets)
$12,455,000Top 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 | 47 | $6,895,000 | $146,702 | $0 | 0.00% |
| DECATUR, IL (FHA|USDA|VA) | 39 | $4,965,000 | $127,308 | $0 | 0.00% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $0 | 0.00% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 89 | $12,455,000 | $139,944 | $0 | 0.00% |
For 2022, Land Of Lincoln Credit Union's most frequently originated type of loan was Conventional, with 89 originations.
Loan Reason
For 2022, Land Of Lincoln Credit Union's most frequently cited loan purpose was Home Purchase, with 50 originations. The 2nd most popular reason was Refi, with 26 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 89 | $12,455,000 | $139,944 | $0 | 0.00% |
For 2022, Land Of Lincoln Credit Union's most frequently cited loan duration was Other, with 89 originations.
Loan Sizing
2022 saw Land Of Lincoln Credit Union place emphasis on $100,000 or less loans with 45 originations, totaling $2,705,000 in origination value.
Applicant Income
Land Of Lincoln Credit Union lent most frequently to those with incomes in the $50k-75k range, with 25 originations. The second most popular income band? $100k-150k, with 18 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 89 | $12,455,000 | $139,944 | $0 | 0.00% |
Land Of Lincoln Credit Union lent most frequently to those with DTI ratios of Exempt%, with 89 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.07%
Land Of Lincoln Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination93.26%
Land Of Lincoln Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 89 | $12,455,000 | $139,944 |