Sterling United Fcu Mortgage Rates, Fees & Info
Evansville, INLEI: 549300OD0X37005DV702
Tax ID: 35-1067814
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Sterling United Fcu is a smaller credit union specializing in Home Purchase loans. Sterling United Fcu has a high proportion of conventional loans. Their top markets by origination volume include: Evansville, Jasper, and Madisonville among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Sterling United Fcu has an 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
33Origination Dollar Volume (All Markets)
$2,145,000Top 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 |
|---|---|---|---|---|---|
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 28 | $1,780,000 | $63,571 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $235,000 | $78,333 | $0 | 0.00% |
| Jasper, IN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| Madisonville, KY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 33 | $2,145,000 | $65,000 | $0 | 0.00% |
For 2024, Sterling United Fcu's most frequently originated type of loan was Conventional, with 33 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 28 | $1,780,000 | $63,571 | $0 | 0.00% |
| Home Improvement | 3 | $165,000 | $55,000 | $0 | 0.00% |
| Refi | 2 | $200,000 | $100,000 | $0 | 0.00% |
For 2024, Sterling United Fcu's most frequently cited loan purpose was Home Purchase, with 28 originations. The 2nd most popular reason was Home Improvement, with 3 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 33 | $2,145,000 | $65,000 | $0 | 0.00% |
For 2024, Sterling United Fcu's most frequently cited loan duration was Other, with 33 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 27 | $1,395,000 | $51,667 | $0 | 0.00% |
| $100k-200k | 6 | $750,000 | $125,000 | $0 | 0.00% |
2024 saw Sterling United Fcu place emphasis on $100,000 or less loans with 27 originations, totaling $1,395,000 in origination value.
Applicant Income
Sterling United Fcu lent most frequently to those with incomes in the $50k-75k range, with 16 originations. The second most popular income band? $50k or less, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 33 | $2,145,000 | $65,000 | $0 | 0.00% |
Sterling United Fcu lent most frequently to those with DTI ratios of Exempt%, with 33 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 30 | $2,020,000 | $67,333 | $0 | 0.00% |
| Black | 3 | $125,000 | $41,667 | $0 | 0.00% |
Approval Rates
Total approvals of all applications82.98%
Sterling United Fcu has a below average approval rate.
Pick Rate
Approvals leading to origination81.82%
Sterling United Fcu has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 33 | $2,145,000 | $65,000 |