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, Home Purchase, and Refi 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
134Origination Dollar Volume (All Markets)
$11,020,000Top 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) | 121 | $10,295,000 | $85,083 | $0 | 0.00% |
| KANKAKEE, IL (FHA|USDA|VA) | 10 | $560,000 | $56,000 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $165,000 | $55,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 134 | $11,020,000 | $82,239 | $0 | 0.00% |
For 2019, Illiana Financial Credit Union's most frequently originated type of loan was Conventional, with 134 originations.
Loan Reason
For 2019, Illiana Financial Credit Union's most frequently cited loan purpose was Home Improvement, with 39 originations. The 2nd most popular reason was Other, with 30 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 134 | $11,020,000 | $82,239 | $0 | 0.00% |
For 2019, Illiana Financial Credit Union's most frequently cited loan duration was Other, with 134 originations.
Loan Sizing
2019 saw Illiana Financial Credit Union place emphasis on $100,000 or less loans with 104 originations, totaling $5,180,000 in origination value.
Applicant Income
Illiana Financial Credit Union lent most frequently to those with incomes in the $50k or less range, with 46 originations. The second most popular income band? $50k-75k, with 38 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 134 | $11,020,000 | $82,239 | $0 | 0.00% |
Illiana Financial Credit Union lent most frequently to those with DTI ratios of Exempt%, with 134 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.97%
Illiana Financial Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination93.28%
Illiana Financial Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 134 | $11,020,000 | $82,239 |