Illiana Financial Credit Union Mortgage Rates, Fees & Info

Calumet City, IL

LEI: 549300OJ2JN8JFPQM182

Tax ID: 35-1053425

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Illiana Financial Credit Union is a smaller credit union specializing in Home Improvement and Home Purchase loans. Illiana Financial Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Kankakee, Ottawa, and Michigan City among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    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.

    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.

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    Originations

    126

    Origination Dollar Volume (All Markets)

    $10,240,000

    Top 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) 119 $9,835,000 $82,647 $0 0.00%
    KANKAKEE, IL (FHA|USDA|VA) 4 $190,000 $47,500 $0 0.00%
    Ottawa, IL (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
    MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
    Outside of Metro Areas 1 $25,000 $25,000 $0 0.00%
    Illiana Financial Credit Union's top markets include Chicago, Kankakee, Ottawa, and Michigan City among others.

    Their top states include:
  • Illinois (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 126 $10,240,000 $81,270 $0 0.00%

    For 2022, Illiana Financial Credit Union's most frequently originated type of loan was Conventional, with 126 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 53 $3,445,000 $65,000 $0 0.00%
    Home Purchase 25 $2,945,000 $117,800 $0 0.00%
    Other 21 $1,565,000 $74,524 $0 0.00%
    Cash Out Refi 21 $1,805,000 $85,952 $0 0.00%
    Refi 6 $480,000 $80,000 $0 0.00%

    For 2022, Illiana Financial Credit Union's most frequently cited loan purpose was Home Improvement, with 53 originations. The 2nd most popular reason was Home Purchase, with 25 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 126 $10,240,000 $81,270 $0 0.00%

    For 2022, Illiana Financial Credit Union's most frequently cited loan duration was Other, with 126 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 89 $5,045,000 $56,685 $0 0.00%
    $100k-200k 35 $4,755,000 $135,857 $0 0.00%
    $200k-400k 2 $440,000 $220,000 $0 0.00%

    2022 saw Illiana Financial Credit Union place emphasis on $100,000 or less loans with 89 originations, totaling $5,045,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 31 $2,575,000 $83,065 $0 0.00%
    $50k or less 30 $2,150,000 $71,667 $0 0.00%
    $75k-100k 25 $2,465,000 $98,600 $0 0.00%
    $100k-150k 20 $1,580,000 $79,000 $0 0.00%
    $150k-250k 16 $1,140,000 $71,250 $0 0.00%
    $250k+ 2 $240,000 $120,000 $0 0.00%

    Illiana Financial Credit Union lent most frequently to those with incomes in the $50k-75k range, with 31 originations. The second most popular income band? $50k or less, with 30 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 126 $10,240,000 $81,270 $0 0.00%

    Illiana Financial Credit Union lent most frequently to those with DTI ratios of Exempt%, with 126 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 90 $7,430,000 $82,556 $0 0.00%
    Black 32 $2,590,000 $80,938 $0 0.00%
    Not provided 2 $130,000 $65,000 $0 0.00%
    Not applicable 2 $90,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.66%

    Illiana Financial Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    93.65%

    Illiana Financial Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 126 $10,240,000 $81,270

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    126 $10,240,000 $81,270