C.u. Financial Mortgage Rates, Fees & Info

HOMER GLEN, IL

LEI: 549300VXVMQO81BHB241

Tax ID: 46-0492823

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
  • Complaints
  • Similar Lenders
  • 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

    C.u. Financial is a smaller mortgage company specializing in Home Purchase loans. C.u. Financial has a high proportion of conventional loans. They have a a high proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Chicago, Kankakee, Tampa, Michigan City, and Orlando among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)

    C.u. Financial has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. C.u. Financial is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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

    212

    Origination Dollar Volume (All Markets)

    $38,780,000

    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) 175 $33,955,000 $194,029 $5,169 4.87%
    KANKAKEE, IL (FHA|USDA|VA) 12 $1,690,000 $140,833 $4,416 5.26%
    Outside of Metro Areas 12 $1,230,000 $102,500 $3,614 5.01%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $295,000 $295,000 $6,858 5.00%
    MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 2 $250,000 $125,000 $4,232 4.56%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $210,000 $105,000 $4,014 5.56%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $205,000 $205,000 $6,145 4.88%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $195,000 $195,000 $6,011 4.50%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $145,000 $145,000 $2,312 4.88%
    ELKHART-GOSHEN, IN (FHA|USDA|VA) 1 $145,000 $145,000 $5,271 4.75%
    LOUISVILLE, KY (FHA|USDA|VA) 1 $135,000 $135,000 $6,248 5.38%
    Warsaw, IN (FHA|USDA|VA) 1 $125,000 $125,000 $4,956 4.75%
    Bluffton, IN (FHA|USDA|VA) 1 $115,000 $115,000 $3,936 5.25%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $85,000 $85,000 $4,539 5.75%
    C.u. Financial's top markets include Chicago, Kankakee, Tampa, Michigan City, and Orlando among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against C.U. FINANCIAL based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    UNITED
    Similarity Rank: 28
    Liberty Bank for Savings
    Similarity Rank: 104
    PACIFIC GLOBAL BANK
    Similarity Rank: 408
    The Equitable Bank, S.S.B.
    Similarity Rank: 533
    HANCOCK MORTGAGE PARTNERS, LLC
    Similarity Rank: 576
    TECH Credit Union
    Similarity Rank: 759
    DuPage Credit Union
    Similarity Rank: 852
    First Financial Credit Union
    Similarity Rank: 870
    Third Federal Savings and Loan Association of Cleveland
    Similarity Rank: 921
    Community State Bank
    Similarity Rank: 1032

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 115 $22,465,000 $195,348 $4,179 4.95%
    FHA 83 $14,265,000 $171,867 $6,254 4.87%
    VA 7 $1,285,000 $183,571 $5,231 4.73%
    USDA 7 $765,000 $109,286 $3,786 4.93%

    For 2018, C.u. Financial's most frequently originated type of loan was Conventional, with 115 originations. Their 2nd most popular type was FHA, with 83 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 193 $35,135,000 $182,047 $5,097 4.92%
    Cash Out Refi 14 $2,390,000 $170,714 $4,610 4.91%
    Refi 5 $1,255,000 $251,000 $3,082 4.50%

    For 2018, C.u. Financial's most frequently cited loan purpose was Home Purchase, with 193 originations. The 2nd most popular reason was Cash Out Refi, with 14 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 203 $36,575,000 $180,172 $5,014 4.94%
    15 Year 6 $1,420,000 $236,667 $6,266 4.23%
    Other 2 $530,000 $265,000 $2,499 4.63%
    20 Year 1 $255,000 $255,000 $3,254 4.25%

    For 2018, C.u. Financial's most frequently cited loan duration was 30 Year, with 203 originations. The 2nd most popular length was 15 Year, with 6 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 188 $33,190,000 $176,543
    $5k+ 8 $2,400,000 $300,000
    $<1k 7 $1,445,000 $206,429
    $2k-3k 6 $1,060,000 $176,667
    $3k-4k 1 $195,000 $195,000
    $4k-5k 1 $305,000 $305,000

    C.u. Financial's average total fees were $5,014, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 188 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 131 $25,565,000 $195,153
    5-6% 71 $11,065,000 $155,845
    3-4% 9 $1,865,000 $207,222
    7-8% 1 $285,000 $285,000

    During 2018, C.u. Financial's average interest rate for loans was 4.94%, while their most frequently originated rate bucket for loans was 4-5%, with 131 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 109 $16,055,000 $147,294 $4,642 4.89%
    $200k-400k 73 $19,355,000 $265,137 $6,084 4.85%
    $100,000 or less 27 $2,115,000 $78,333 $3,774 5.19%
    $400k-600k 3 $1,255,000 $418,333 $4,195 4.71%

    2018 saw C.u. Financial place emphasis on $100k-200k loans with 109 originations, totaling $16,055,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 72 $12,050,000 $167,361 $5,299 4.94%
    $50k or less 66 $8,310,000 $125,909 $4,262 4.93%
    $75k-100k 30 $6,860,000 $228,667 $5,942 4.90%
    $100k-150k 29 $7,505,000 $258,793 $5,191 4.85%
    $150k-250k 14 $3,790,000 $270,714 $4,802 4.80%
    $250k+ 1 $265,000 $265,000 $4,983 5.38%

    C.u. Financial lent most frequently to those with incomes in the $50k-75k range, with 72 originations. The second most popular income band? $50k or less, with 66 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 36 $5,960,000 $165,556 $4,239 4.94%
    20-30% 31 $5,745,000 $185,323 $4,427 4.89%
    50-60% 17 $3,055,000 $179,706 $6,130 4.87%
    45% 12 $2,320,000 $193,333 $4,807 4.77%
    48% 12 $2,030,000 $169,167 $5,046 5.01%
    39% 12 $1,890,000 $157,500 $5,712 4.77%
    40% 10 $1,610,000 $161,000 $4,319 4.93%
    49% 9 $1,745,000 $193,889 $5,740 4.79%
    36% 9 $1,545,000 $171,667 $5,037 4.96%
    41% 9 $1,995,000 $221,667 $4,138 4.97%
    43% 9 $1,715,000 $190,556 $5,110 5.01%
    44% 8 $1,310,000 $163,750 $6,146 5.11%
    47% 8 $2,170,000 $271,250 $6,666 4.75%
    <20% 7 $1,205,000 $172,143 $4,029 4.82%
    46% 7 $1,405,000 $200,714 $6,235 5.07%
    38% 7 $1,065,000 $152,143 $4,813 4.63%
    37% 5 $1,225,000 $245,000 $6,496 5.25%
    42% 3 $545,000 $181,667 $3,814 5.29%
    >60% 1 $245,000 $245,000 $6,856 4.38%

    C.u. Financial lent most frequently to those with DTI ratios of 30-36%, with 36 originations. The next most common DTI ratio? 20-30%, with 31 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 193 $35,015,000 $181,425 $4,987 4.92%
    Black 13 $2,855,000 $219,615 $5,833 4.73%
    Not provided 3 $485,000 $161,667 $4,920 5.21%
    Asian 3 $425,000 $141,667 $3,501 4.75%

    Approval Rates

    Total approvals of all applications
    96.51%

    C.u. Financial has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    82.55%

    C.u. Financial has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 212 $38,780,000 $182,925

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 2 $360,000 $180,000
    Single Family (1-4 Units):Site-Built 210 $38,420,000 $182,952

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 4 $480,000 $120,000 $3,330 4.53%
    40-60% 7 $1,125,000 $160,714 $2,758 4.70%
    60-80% 30 $6,050,000 $201,667 $4,551 4.91%
    80-100% 168 $30,560,000 $181,905 $5,216 4.94%
    Over 100% 3 $565,000 $188,333 $6,130 4.54%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    CBM Mortgage, Inc. Other type of mortgage Closing on a mortgage 1 100.0%