Illiana Financial Credit Union Mortgage Rates, Fees & Info
Calumet City, ILLEI: 549300OJ2JN8JFPQM182
Tax ID: 35-1053425
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Mortgage Data
Review & Overview
Illiana Financial Credit Union is a smaller credit union specializing in Home Improvement, Other, and Home Purchase loans. Illiana Financial Credit Union has a high proportion of conventional loans. Their top two markets are Chicago and Kankakee .Illiana Financial 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
104Origination Dollar Volume (All Markets)
$8,200,000Top 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 |
|---|---|---|---|---|---|
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 101 | $7,945,000 | $78,663 | $0 | 0.00% |
| KANKAKEE, IL (FHA|USDA|VA) | 3 | $255,000 | $85,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 104 | $8,200,000 | $78,846 | $0 | 0.00% |
For 2023, Illiana Financial Credit Union's most frequently originated type of loan was Conventional, with 104 originations.
Loan Reason
For 2023, Illiana Financial Credit Union's most frequently cited loan purpose was Home Improvement, with 39 originations. The 2nd most popular reason was Other, with 28 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 104 | $8,200,000 | $78,846 | $0 | 0.00% |
For 2023, Illiana Financial Credit Union's most frequently cited loan duration was Other, with 104 originations.
Loan Sizing
2023 saw Illiana Financial Credit Union place emphasis on $100,000 or less loans with 80 originations, totaling $4,430,000 in origination value.
Applicant Income
Illiana Financial Credit Union lent most frequently to those with incomes in the $50k-75k range, with 32 originations. The second most popular income band? $100k-150k, with 25 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 104 | $8,200,000 | $78,846 | $0 | 0.00% |
Illiana Financial Credit Union lent most frequently to those with DTI ratios of Exempt%, with 104 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 81 | $6,765,000 | $83,519 | $0 | 0.00% |
| Black | 22 | $1,370,000 | $62,273 | $0 | 0.00% |
| Not provided | 1 | $65,000 | $65,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications81.56%
Illiana Financial Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination91.35%
Illiana Financial Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 104 | $8,200,000 | $78,846 |