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, Other, and Refi loans. Department Of The Interior Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Washington, Daphne, Phoenix, Baton Rouge, and Greeley 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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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
20Origination Dollar Volume (All Markets)
$860,000Top 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) | 7 | $425,000 | $60,714 | $1,345 | 5.39% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,459 | 5.50% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $50,000 | $25,000 | $1,510 | 4.88% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $1,640 | 5.25% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $1,155 | 5.25% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $1,202 | 5.50% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $1,702 | 5.25% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $1,718 | 5.99% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $444 | 5.25% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 5.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $1,274 | 5.25% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $828 | 5.00% |
| Outside of Metro Areas | 1 | $15,000 | $15,000 | $1,474 | 5.25% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 20 | $860,000 | $43,000 | $1,332 | 5.30% |
For 2020, Department Of The Interior Federal Credit Union's most frequently originated type of loan was Conventional, with 20 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Improvement | 9 | $295,000 | $32,778 | $1,354 | 5.17% |
| Other | 8 | $300,000 | $37,500 | $1,281 | 5.44% |
| Refi | 3 | $265,000 | $88,333 | $1,451 | 5.33% |
For 2020, Department Of The Interior Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 9 originations. The 2nd most popular reason was Other, with 8 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 10 Year | 11 | $375,000 | $34,091 | $1,237 | 5.18% |
| 20 Year | 8 | $460,000 | $57,500 | $1,419 | 5.53% |
| 5 Year | 1 | $25,000 | $25,000 | $1,497 | 4.75% |
For 2020, Department Of The Interior Federal Credit Union's most frequently cited loan duration was 10 Year, with 11 originations. The 2nd most popular length was 20 Year, with 8 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 15 | $695,000 | $46,333 |
| 4-5% | 5 | $165,000 | $33,000 |
During 2020, 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 15 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 19 | $705,000 | $37,105 | $1,336 | 5.28% |
| $100k-200k | 1 | $155,000 | $155,000 | $1,263 | 5.75% |
2020 saw Department Of The Interior Federal Credit Union place emphasis on $100,000 or less loans with 19 originations, totaling $705,000 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 9 originations. The second most popular income band? $50k-75k, with 5 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 7 originations. The next most common DTI ratio? 42%, with 3 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications80.33%
Department Of The Interior Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination-30.00%
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 | 20 | $860,000 | $43,000 |