Sterling United Fcu Mortgage Rates, Fees & Info
Evansville, INLEI: 549300OD0X37005DV702
Tax ID: 35-1067814
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Sterling United Fcu is a smaller credit union specializing in Home Improvement and Home Purchase loans. Sterling United Fcu has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Evansville, Jasper, and Logansport 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.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
26Origination Dollar Volume (All Markets)
$2,200,000Top 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) | 22 | $1,690,000 | $76,818 | $0 | 0.00% |
| Jasper, IN (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| Logansport, IN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $110,000 | $55,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 25 | $2,185,000 | $87,400 | $0 | 0.00% |
| FHA | 1 | $15,000 | $15,000 | $0 | 0.00% |
For 2023, Sterling United Fcu's most frequently originated type of loan was Conventional, with 25 originations. Their 2nd most popular type was FHA, with 1 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Improvement | 18 | $890,000 | $49,444 | $0 | 0.00% |
| Home Purchase | 7 | $1,095,000 | $156,429 | $0 | 0.00% |
| Refi | 1 | $215,000 | $215,000 | $0 | 0.00% |
For 2023, Sterling United Fcu's most frequently cited loan purpose was Home Improvement, with 18 originations. The 2nd most popular reason was Home Purchase, with 7 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 26 | $2,200,000 | $84,615 | $0 | 0.00% |
For 2023, Sterling United Fcu's most frequently cited loan duration was Other, with 26 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 17 | $635,000 | $37,353 | $0 | 0.00% |
| $100k-200k | 5 | $635,000 | $127,000 | $0 | 0.00% |
| $200k-400k | 4 | $930,000 | $232,500 | $0 | 0.00% |
2023 saw Sterling United Fcu place emphasis on $100,000 or less loans with 17 originations, totaling $635,000 in origination value.
Applicant Income
Sterling United Fcu lent most frequently to those with incomes in the $100k-150k range, with 8 originations. The second most popular income band? $50k-75k, with 7 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 26 | $2,200,000 | $84,615 | $0 | 0.00% |
Sterling United Fcu lent most frequently to those with DTI ratios of Exempt%, with 26 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 26 | $2,200,000 | $84,615 | $0 | 0.00% |
Approval Rates
Total approvals of all applications72.09%
Sterling United Fcu has a below average approval rate.
Pick Rate
Approvals leading to origination80.77%
Sterling United Fcu has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 26 | $2,200,000 | $84,615 |