Dupage Credit Union Mortgage Rates, Fees & Info

Naperville, IL

LEI: 549300WUGYTMN4HIT493

Tax ID: 36-2499724

5 stars - Updated: 2/19/24 - out of 5 stars, based on 27 reviews

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

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Mortgage Data

Review & Overview

Dupage Credit Union is a smaller credit union specializing in Home Improvement, Cash Out Refi, and Home Purchase loans. Dupage Credit Union has a high proportion of conventional loans. Their top two markets are Chicago and Dixon .

Dupage Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Dupage Credit Union is typically a low 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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.01% 2/19/24
30 Year Conventional Purchase 6.78% 2/19/24
30 Year Conventional Refi 6.65% 2/19/24
30 Year Cash-out Refi 6.84% 2/19/24
15 Year Conventional Purchase 6.32% 2/19/24
15 Year Conventional Refi 6.09% 2/19/24
15 Year Cash-out Refi 6.09% 2/19/24
15 Year FHA Purchase 5.68% 2/19/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Dupage Credit Union Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Dupage Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

731

Origination Dollar Volume (All Markets)

$86,175,000

Relative Rate

Dupage Credit Union's average 30 year fixed mortgage rate was 4.87%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.11%.

Relative Fees (Closing Costs)

Dupage Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $4,289.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

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) 728 $86,020,000 $118,159 $2,148 4.78%
Outside of Metro Areas 1 $105,000 $105,000 $0 4.00%
Dixon, IL (FHA|USDA|VA) 2 $50,000 $25,000 $0 5.13%
Dupage Credit Union's top markets include Chicago and Dixon among others.

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

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

    First Savings Bank of Hegewisch
    Similarity Rank: 30
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    Similarity Rank: 153
    The Equitable Bank, S.S.B.
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    OCEANSIDE MORTGAGE COMPANY
    Similarity Rank: 840
    DuPage Credit Union
    Similarity Rank: 933
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    Similarity Rank: 936
    Providence Bank & Trust
    Similarity Rank: 1144
    CROWN MORTGAGE COMPANY
    Similarity Rank: 1252
    PARTNERSHIP FINANCIAL
    Similarity Rank: 1260
    AMERITRUST MORTGAGE CORPORATION
    Similarity Rank: 1722

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 428 $40,120,000 $93,738 n/a 4.75%
    Conventional 303 $46,055,000 $151,997 $2,134 4.83%

    For 2022, Dupage Credit Union's most frequently originated type of loan was HELOC, with 428 originations. Their 2nd most popular type was Conventional, with 303 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 336 $27,720,000 $82,500 $34 4.83%
    Cash Out Refi 142 $17,900,000 $126,056 $1,315 4.60%
    Other 128 $10,240,000 $80,000 $41 4.94%
    Home Purchase 94 $25,200,000 $268,085 $5,185 5.10%
    Refi 31 $5,115,000 $165,000 $2,126 3.46%

    For 2022, Dupage Credit Union's most frequently cited loan purpose was Home Improvement, with 336 originations. The 2nd most popular reason was Cash Out Refi, with 142 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 504 $46,480,000 $92,222 $364 4.79%
    30 Year 117 $29,185,000 $249,444 $4,289 4.87%
    10 Year 48 $3,190,000 $66,458 $177 5.32%
    15 Year 33 $5,995,000 $181,667 $3,195 3.63%
    5 Year 16 $690,000 $43,125 $0 4.61%
    Other 13 $635,000 $48,846 $0 5.04%

    For 2022, Dupage Credit Union's most frequently cited loan duration was 20 Year, with 504 originations. The 2nd most popular length was 30 Year, with 117 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 156 $34,550,000 $221,474
    $<1k 137 $8,355,000 $60,985
    $2k-3k 5 $1,485,000 $297,000
    $3k-4k 2 $810,000 $405,000
    $4k-5k 1 $575,000 $575,000

    Dupage Credit Union's average total fees were $4,289, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 156 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 236 $24,950,000 $105,720
    4-5% 218 $25,350,000 $116,284
    5-6% 189 $26,275,000 $139,021
    6-7% 59 $5,395,000 $91,441
    2.5-3% 15 $2,265,000 $151,000
    7-8% 12 $1,630,000 $135,833
    <2.5% 2 $310,000 $155,000

    During 2022, Dupage Credit Union's average interest rate for loans was 4.87%, while their most frequently originated rate bucket for loans was 3-4%, with 236 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 387 $21,535,000 $55,646 $280 4.85%
    $100k-200k 243 $32,585,000 $134,095 $2,705 4.62%
    $200k-400k 80 $21,380,000 $267,250 $4,216 4.82%
    $400k-600k 18 $8,590,000 $477,222 $5,480 5.35%
    $600k-1MM 3 $2,085,000 $695,000 $5,215 4.83%

    2022 saw Dupage Credit Union place emphasis on $100,000 or less loans with 387 originations, totaling $21,535,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 248 $29,270,000 $118,024 $1,640 4.87%
    $100k-150k 210 $22,260,000 $106,000 $1,758 4.81%
    $75k-100k 88 $9,340,000 $106,136 $2,455 4.69%
    $50k-75k 79 $7,575,000 $95,886 $2,134 4.50%
    $250k+ 72 $14,170,000 $196,806 $3,498 4.88%
    $50k or less 23 $2,005,000 $87,174 $3,200 4.67%

    Dupage Credit Union lent most frequently to those with incomes in the $150k-250k range, with 248 originations. The second most popular income band? $100k-150k, with 210 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 184 $23,210,000 $126,141 $2,707 4.66%
    30-36% 169 $20,465,000 $121,095 $2,220 4.84%
    <20% 53 $7,755,000 $146,321 $2,957 4.62%
    42% 34 $3,490,000 $102,647 $1,983 5.01%
    37% 31 $3,655,000 $117,903 $1,512 4.66%
    36% 30 $3,640,000 $121,333 $1,668 4.78%
    43% 28 $3,330,000 $118,929 $2,778 4.57%
    39% 26 $3,050,000 $117,308 $2,008 5.04%
    50-60% 24 $2,140,000 $89,167 $509 4.90%
    41% 23 $1,955,000 $85,000 $803 4.99%
    38% 23 $2,325,000 $101,087 $2,649 4.64%
    45% 22 $2,570,000 $116,818 $2,458 4.77%
    44% 21 $2,575,000 $122,619 $2,552 5.21%
    40% 18 $1,990,000 $110,556 $1,678 4.76%
    47% 13 $1,235,000 $95,000 $2,072 5.11%
    49% 12 $930,000 $77,500 $571 4.66%
    46% 8 $750,000 $93,750 $2,495 4.39%
    48% 5 $425,000 $85,000 $0 5.35%
    >60% 5 $435,000 $87,000 $570 4.93%

    Dupage Credit Union lent most frequently to those with DTI ratios of 20-30%, with 184 originations. The next most common DTI ratio? 30-36%, with 169 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 591 $70,215,000 $118,807 $2,043 4.78%
    Not provided 100 $11,550,000 $115,500 $2,563 4.81%
    Asian 20 $2,390,000 $119,500 $4,085 4.58%
    Black 17 $1,805,000 $106,176 $2,348 4.92%
    American Indian 3 $215,000 $71,667 $2,489 4.33%

    Approval Rates

    Total approvals of all applications
    82.65%

    Dupage Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    77.70%

    Dupage Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 731 $86,175,000 $117,886

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    731 $86,175,000 $117,886

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 188 $23,350,000 $124,202 $908 4.81%
    40-60% 53 $8,095,000 $152,736 $2,578 4.03%
    60-80% 62 $14,980,000 $241,613 $3,525 4.54%
    80-100% 61 $17,805,000 $291,885 $5,083 5.06%
    Under 20% 367 $21,945,000 $59,796 $43 4.87%