Department Of The Interior Federal Credit Union Mortgage Rates, Fees & Info
Washington, DCLEI: 2549003ZYZM7FHPZV590
Tax ID: 53-0207328
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Department Of The Interior Federal Credit Union is a smaller credit union specializing in Other and Home Improvement loans. Department Of The Interior Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Washington, Phoenix, Philadelphia, Albuquerque, and Seattle among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Department Of The Interior Federal 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.
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Originations
13Origination Dollar Volume (All Markets)
$675,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 2 | $190,000 | $95,000 | $395 | 8.75% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 3 | $115,000 | $38,333 | $747 | 8.58% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $405 | 8.75% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $609 | 8.50% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,528 | 8.50% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $679 | 8.50% |
| ANCHORAGE, AK (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $1,435 | 8.50% |
| GREEN BAY, WI (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $1,257 | 10.25% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $1,232 | 8.50% |
| CORVALLIS, OR (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $977 | 8.50% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 13 | $675,000 | $51,923 | $858 | 8.71% |
For 2024, Department Of The Interior Federal Credit Union's most frequently originated type of loan was Conventional, with 13 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Other | 9 | $485,000 | $53,889 | $862 | 8.75% |
| Home Improvement | 4 | $190,000 | $47,500 | $850 | 8.63% |
For 2024, Department Of The Interior Federal Credit Union's most frequently cited loan purpose was Other, with 9 originations. The 2nd most popular reason was Home Improvement, with 4 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 5 Year | 12 | $630,000 | $52,500 | $825 | 8.58% |
| 10 Year | 1 | $45,000 | $45,000 | $1,257 | 10.25% |
For 2024, Department Of The Interior Federal Credit Union's most frequently cited loan duration was 5 Year, with 12 originations. The 2nd most popular length was 10 Year, with 1 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 13 | $675,000 | $51,923 |
Department Of The Interior Federal Credit Union's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 13 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 13 | $675,000 | $51,923 |
During 2024, Department Of The Interior Federal Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 13 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 12 | $550,000 | $45,833 | $863 | 8.71% |
| $100k-200k | 1 | $125,000 | $125,000 | $790 | 8.75% |
2024 saw Department Of The Interior Federal Credit Union place emphasis on $100,000 or less loans with 12 originations, totaling $550,000 in origination value.
Applicant Income
Department Of The Interior Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 5 originations. The second most popular income band? $150k-250k, with 5 originations.
Applicant Debt to Income Ratio
Department Of The Interior Federal Credit Union lent most frequently to those with DTI ratios of 43%, with 3 originations. The next most common DTI ratio? 41%, with 2 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications76.47%
Department Of The Interior Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination0.00%
Department Of The Interior Federal Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 13 | $675,000 | $51,923 |