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 Home Improvement and Other loans. Department Of The Interior Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Washington, Denver, Sacramento, New York, and Fort Collins among others. We have data for 13 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% | 11/21/24 |
| 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
23Origination Dollar Volume (All Markets)
$1,365,000Top 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) | 6 | $600,000 | $100,000 | $2,570 | 5.36% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 3 | $165,000 | $55,000 | $1,519 | 4.66% |
| Outside of Metro Areas | 2 | $100,000 | $50,000 | $1,503 | 5.24% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $1,759 | 5.58% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $1,007 | 4.49% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,180 | 5.99% |
| ANCHORAGE, AK (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,823 | 5.50% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 2 | $50,000 | $25,000 | $1,192 | 5.70% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $1,452 | 5.25% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $1,506 | 5.90% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $1,263 | 5.00% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $1,307 | 5.99% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $1,656 | 5.99% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 23 | $1,365,000 | $59,348 | $1,743 | 5.36% |
For 2019, Department Of The Interior Federal Credit Union's most frequently originated type of loan was Conventional, with 23 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Improvement | 13 | $815,000 | $62,692 | $1,582 | 5.40% |
| Other | 9 | $295,000 | $32,778 | $1,442 | 5.26% |
| Refi | 1 | $255,000 | $255,000 | $6,532 | 5.75% |
For 2019, Department Of The Interior Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 13 originations. The 2nd most popular reason was Other, with 9 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 10 Year | 14 | $770,000 | $55,000 | $1,507 | 5.00% |
| 20 Year | 9 | $595,000 | $66,111 | $2,108 | 5.92% |
For 2019, Department Of The Interior Federal Credit Union's most frequently cited loan duration was 10 Year, with 14 originations. The 2nd most popular length was 20 Year, with 9 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 16 | $920,000 | $57,500 |
| 4-5% | 7 | $445,000 | $63,571 |
During 2019, 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 5-6%, with 16 originations.
Loan Sizing
2019 saw Department Of The Interior Federal Credit Union place emphasis on $100,000 or less loans with 19 originations, totaling $765,000 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 7 originations. The second most popular income band? $75k-100k, with 7 originations.
Applicant Debt to Income Ratio
Department Of The Interior Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 8 originations. The next most common DTI ratio? 30-36%, with 4 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications78.95%
Department Of The Interior Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination43.48%
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 | 23 | $1,365,000 | $59,348 |