Department Of The Interior Federal Credit Union Mortgage Rates, Fees & Info
Washington, DCLEI: 2549003ZYZM7FHPZV590
Tax ID: 53-0207328
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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, Denver, Tucson, Cullowhee, and Portland among others. We have data for 26 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Refi | 6.27% | 12/29/24 |
| 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. | ||
Department Of The Interior Federal Credit Union Mortgage Calculator
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Originations
49Origination Dollar Volume (All Markets)
$3,125,000Top 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 |
|---|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 13 | $965,000 | $74,231 | $926 | 8.79% |
| Outside of Metro Areas | 7 | $365,000 | $52,143 | $1,549 | 8.21% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 3 | $195,000 | $65,000 | $1,500 | 8.17% |
| TUCSON, AZ (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $651 | 8.88% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $1,377 | 9.00% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $0 | 7.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $1,532 | 9.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 9.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,198 | 8.75% |
| ANCHORAGE, AK (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,324 | 9.00% |
| LAWTON, OK (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,607 | 9.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 8.50% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $1,562 | 9.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $1,052 | 8.00% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,377 | 9.00% |
| BECKLEY, WV (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 9.75% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 8.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,546 | 9.75% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $1,357 | 10.00% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $1,557 | 9.25% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $1,342 | 9.75% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 8.00% |
| LAWRENCE, KS (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $1,297 | 6.25% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $1,128 | 9.00% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $1,348 | 7.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 49 | $3,125,000 | $63,776 | $1,112 | 8.58% |
For 2023, Department Of The Interior Federal Credit Union's most frequently originated type of loan was Conventional, with 49 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Other | 30 | $1,950,000 | $65,000 | $1,185 | 8.60% |
| Home Improvement | 17 | $1,105,000 | $65,000 | $947 | 8.60% |
| Refi | 2 | $70,000 | $35,000 | $1,391 | 8.13% |
For 2023, Department Of The Interior Federal Credit Union's most frequently cited loan purpose was Other, with 30 originations. The 2nd most popular reason was Home Improvement, with 17 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20 Year | 23 | $1,835,000 | $79,783 | $1,204 | 9.13% |
| 10 Year | 19 | $985,000 | $51,842 | $1,137 | 8.34% |
| 5 Year | 7 | $305,000 | $43,571 | $771 | 7.54% |
For 2023, Department Of The Interior Federal Credit Union's most frequently cited loan duration was 20 Year, with 23 originations. The 2nd most popular length was 10 Year, with 19 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 47 | $3,035,000 | $64,574 |
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 47 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 32 | $2,220,000 | $69,375 |
| 7-8% | 12 | $730,000 | $60,833 |
| 6-7% | 4 | $150,000 | $37,500 |
During 2023, 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 32 originations.
Loan Sizing
2023 saw Department Of The Interior Federal Credit Union place emphasis on $100,000 or less loans with 43 originations, totaling $2,285,000 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 20 originations. The second most popular income band? $75k-100k, with 12 originations.
Applicant Debt to Income Ratio
Department Of The Interior Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 12 originations. The next most common DTI ratio? 36%, with 5 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications79.61%
Department Of The Interior Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination32.65%
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 | 49 | $3,125,000 | $63,776 |