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
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Mortgage Data
Review & Overview
Sterling United Fcu is a smaller credit union specializing in Home Purchase and Home Improvement loans. Sterling United Fcu has a high proportion of conventional loans.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
65Origination Dollar Volume (All Markets)
$4,655,000Top Markets
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| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Outside of Metro Areas | 65 | $4,655,000 | $71,615 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 65 | $4,655,000 | $71,615 | $0 | 0.00% |
For 2022, Sterling United Fcu's most frequently originated type of loan was Conventional, with 65 originations.
Loan Reason
For 2022, Sterling United Fcu's most frequently cited loan purpose was Home Purchase, with 28 originations. The 2nd most popular reason was Home Improvement, with 26 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 65 | $4,655,000 | $71,615 | $0 | 0.00% |
For 2022, Sterling United Fcu's most frequently cited loan duration was Other, with 65 originations.
Loan Sizing
2022 saw Sterling United Fcu place emphasis on $100,000 or less loans with 49 originations, totaling $2,255,000 in origination value.
Applicant Income
Sterling United Fcu lent most frequently to those with incomes in the $50k or less range, with 22 originations. The second most popular income band? $100k-150k, with 14 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 65 | $4,655,000 | $71,615 | $0 | 0.00% |
Sterling United Fcu lent most frequently to those with DTI ratios of Exempt%, with 65 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 63 | $4,505,000 | $71,508 | $0 | 0.00% |
| Black | 2 | $150,000 | $75,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications83.84%
Sterling United Fcu has a below average approval rate.
Pick Rate
Approvals leading to origination75.38%
Sterling United Fcu has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 65 | $4,655,000 | $71,615 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| STERLING BANCORP | Conventional home mortgage | Incorrect information on your report | 1 | 100.0% |