C.u. Financial Mortgage Rates, Fees & Info

HOMER GLEN, IL

LEI: 549300VXVMQO81BHB241

Tax ID: 46-0492823

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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 and Refi loans. C.u. Financial has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Chicago, Kankakee, Indianapolis, Michigan City, and St. Louis among others. We have data for 17 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    Originations

    416

    Origination Dollar Volume (All Markets)

    $90,150,000

    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) 365 $81,875,000 $224,315 $4,802 3.43%
    KANKAKEE, IL (FHA|USDA|VA) 22 $2,980,000 $135,455 $4,241 3.96%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 6 $1,350,000 $225,000 $5,963 3.62%
    Outside of Metro Areas 6 $790,000 $131,667 $3,598 3.96%
    MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 4 $610,000 $152,500 $3,726 3.19%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 2 $470,000 $235,000 $6,790 4.38%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $365,000 $365,000 $4,795 3.38%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $305,000 $305,000 $5,511 3.75%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $265,000 $265,000 $8,235 3.75%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $195,000 $195,000 $2,358 3.75%
    Dixon, IL (FHA|USDA|VA) 1 $175,000 $175,000 $7,441 3.63%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $165,000 $165,000 $3,146 5.63%
    ELKHART-GOSHEN, IN (FHA|USDA|VA) 1 $165,000 $165,000 $3,157 3.63%
    Connersville, IN (FHA|USDA|VA) 1 $145,000 $145,000 $5,778 3.25%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $145,000 $145,000 $6,022 2.75%
    North Vernon, IN (FHA|USDA|VA) 1 $85,000 $85,000 $4,894 4.75%
    Greensburg, IN (FHA|USDA|VA) 1 $65,000 $65,000 $4,323 3.00%
    C.u. Financial's top markets include Chicago, Kankakee, Indianapolis, Michigan City, and St. Louis among others.

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

    Liberty Bank for Savings
    Similarity Rank: 312
    Glenview State Bank
    Similarity Rank: 312
    CROWN MORTGAGE COMPANY
    Similarity Rank: 627
    AMERITRUST MORTGAGE CORPORATION
    Similarity Rank: 648
    The Equitable Bank, S.S.B.
    Similarity Rank: 820
    RUHL MORTGAGE, LLC
    Similarity Rank: 988
    United Community Bank
    Similarity Rank: 1360
    NEW FED MORTGAGE, CORP.
    Similarity Rank: 1610
    DuPage Credit Union
    Similarity Rank: 1824
    LAKE MORTGAGE COMPANY INC
    Similarity Rank: 1841

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 286 $63,400,000 $221,678 $3,802 3.46%
    FHA 105 $21,655,000 $206,238 $7,296 3.64%
    VA 16 $3,810,000 $238,125 $5,211 2.82%
    USDA 9 $1,285,000 $142,778 $5,615 3.32%

    For 2020, C.u. Financial's most frequently originated type of loan was Conventional, with 286 originations. Their 2nd most popular type was FHA, with 105 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 230 $49,070,000 $213,348 $5,819 3.55%
    Refi 151 $34,315,000 $227,252 $3,515 3.23%
    Cash Out Refi 35 $6,765,000 $193,286 $3,382 4.05%

    For 2020, C.u. Financial's most frequently cited loan purpose was Home Purchase, with 230 originations. The 2nd most popular reason was Refi, with 151 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 325 $70,175,000 $215,923 $5,274 3.58%
    15 Year 48 $10,310,000 $214,792 $2,936 3.00%
    Other 21 $5,285,000 $251,667 $2,996 3.30%
    20 Year 20 $3,900,000 $195,000 $2,973 3.27%
    10 Year 2 $480,000 $240,000 $5,056 2.88%

    For 2020, C.u. Financial's most frequently cited loan duration was 30 Year, with 325 originations. The 2nd most popular length was 15 Year, with 48 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 280 $62,790,000 $224,250
    $2k-3k 63 $10,795,000 $171,349
    $3k-4k 33 $6,595,000 $199,848
    $5k+ 17 $4,845,000 $285,000
    $4k-5k 13 $3,005,000 $231,154
    $<1k 10 $2,120,000 $212,000

    C.u. Financial's average total fees were $5,274, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 280 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 232 $49,650,000 $214,009
    2.5-3% 114 $27,290,000 $239,386
    4-5% 48 $8,420,000 $175,417
    <2.5% 12 $3,320,000 $276,667
    5-6% 10 $1,470,000 $147,000

    During 2020, C.u. Financial's average interest rate for loans was 3.58%, while their most frequently originated rate bucket for loans was 3-4%, with 232 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 189 $50,535,000 $267,381 $5,274 3.33%
    $100k-200k 182 $28,360,000 $155,824 $4,506 3.56%
    $100,000 or less 26 $2,160,000 $83,077 $3,542 4.14%
    $400k-600k 18 $8,320,000 $462,222 $3,989 3.25%
    $600k-1MM 1 $775,000 $775,000 $6,724 3.13%

    2020 saw C.u. Financial place emphasis on $200k-400k loans with 189 originations, totaling $50,535,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 115 $20,165,000 $175,348 $4,976 3.56%
    $75k-100k 89 $19,835,000 $222,865 $5,237 3.46%
    $50k or less 87 $14,505,000 $166,724 $4,751 3.51%
    $100k-150k 75 $21,265,000 $283,533 $4,419 3.32%
    $150k-250k 39 $10,745,000 $275,513 $3,994 3.52%
    $250k+ 7 $2,735,000 $390,714 $4,031 3.39%

    C.u. Financial lent most frequently to those with incomes in the $50k-75k range, with 115 originations. The second most popular income band? $75k-100k, with 89 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 80 $17,770,000 $222,125 $4,127 3.35%
    30-36% 75 $16,255,000 $216,733 $4,867 3.48%
    38% 22 $4,800,000 $218,182 $3,868 3.40%
    42% 21 $4,405,000 $209,762 $4,831 3.53%
    36% 20 $3,880,000 $194,000 $5,371 3.48%
    39% 18 $3,500,000 $194,444 $4,786 3.60%
    <20% 17 $3,765,000 $221,471 $3,749 3.35%
    41% 17 $3,945,000 $232,059 $4,942 3.48%
    50-60% 17 $3,475,000 $204,412 $6,255 3.76%
    43% 16 $3,200,000 $200,000 $6,020 3.57%
    44% 13 $3,065,000 $235,769 $5,765 3.52%
    40% 12 $2,920,000 $243,333 $4,015 3.33%
    48% 11 $2,405,000 $218,636 $5,972 3.59%
    45% 11 $2,615,000 $237,727 $3,283 3.85%
    49% 10 $2,290,000 $229,000 $5,204 3.96%
    46% 10 $1,890,000 $189,000 $5,125 3.57%
    37% 9 $1,445,000 $160,556 $4,013 3.58%
    47% 8 $1,770,000 $221,250 $6,998 3.51%
    >60% 3 $795,000 $265,000 $4,911 3.33%

    C.u. Financial lent most frequently to those with DTI ratios of 20-30%, with 80 originations. The next most common DTI ratio? 30-36%, with 75 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 373 $80,895,000 $216,877 $4,654 3.45%
    Black 25 $5,135,000 $205,400 $6,424 3.69%
    Not provided 14 $3,430,000 $245,000 $5,071 3.49%
    American Indian 2 $330,000 $165,000 $5,771 4.06%
    Asian 1 $195,000 $195,000 $5,215 3.63%
    1 $165,000 $165,000 $3,146 5.63%

    Approval Rates

    Total approvals of all applications
    98.94%

    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
    87.74%

    C.u. Financial has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 416 $90,150,000 $216,707

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 2 $160,000 $80,000
    Single Family (1-4 Units):Site-Built 414 $89,990,000 $217,367

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 8 $1,070,000 $133,750 $3,331 3.56%
    40-60% 28 $4,930,000 $176,071 $3,035 3.43%
    60-80% 117 $25,765,000 $220,214 $3,485 3.38%
    80-100% 261 $58,035,000 $222,356 $5,570 3.53%
    Over 100% 2 $350,000 $175,000 $7,078 3.37%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    C2 Financial Corporation Conventional home mortgage Closing on a mortgage 1 50.0%
    C2 Financial Corporation VA mortgage Closing on a mortgage 1 50.0%