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, Refi, 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 above average pick rate when compared to similar lenders.
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Originations
93Origination Dollar Volume (All Markets)
$8,215,000Top 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) | 90 | $7,770,000 | $86,333 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $420,000 | $210,000 | $0 | 0.00% |
| KANKAKEE, IL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 93 | $8,215,000 | $88,333 | $0 | 0.00% |
For 2020, Illiana Financial Credit Union's most frequently originated type of loan was Conventional, with 93 originations.
Loan Reason
For 2020, Illiana Financial Credit Union's most frequently cited loan purpose was Home Improvement, with 23 originations. The 2nd most popular reason was Refi, with 23 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 93 | $8,215,000 | $88,333 | $0 | 0.00% |
For 2020, Illiana Financial Credit Union's most frequently cited loan duration was Other, with 93 originations.
Loan Sizing
2020 saw Illiana Financial Credit Union place emphasis on $100,000 or less loans with 70 originations, totaling $3,980,000 in origination value.
Applicant Income
Illiana Financial Credit Union lent most frequently to those with incomes in the $50k or less range, with 24 originations. The second most popular income band? $50k-75k, with 23 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 93 | $8,215,000 | $88,333 | $0 | 0.00% |
Illiana Financial Credit Union lent most frequently to those with DTI ratios of Exempt%, with 93 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.39%
Illiana Financial Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination96.77%
Illiana Financial Credit Union has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 93 | $8,215,000 | $88,333 |