Irco Community Fcu Mortgage Rates, Fees & Info
Phillipsburg, NJLEI: 2549006803O7LX222108
Tax ID: 22-1819655
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Irco Community Fcu is a smaller credit union specializing in Refi and Home Purchase loans. Irco Community Fcu has a high proportion of conventional loans. Their top markets by origination volume include: Allentown, Philadelphia, Salisbury, New York, and East Stroudsburg among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Irco Community Fcu has an average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
114Origination Dollar Volume (All Markets)
$13,290,000Top 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 |
|---|---|---|---|---|---|
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 103 | $11,535,000 | $111,990 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $0 | 0.00% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $0 | 0.00% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 4 | $250,000 | $62,500 | $0 | 0.00% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 114 | $13,290,000 | $116,579 | $0 | 0.00% |
For 2023, Irco Community Fcu's most frequently originated type of loan was Conventional, with 114 originations.
Loan Reason
For 2023, Irco Community Fcu's most frequently cited loan purpose was Refi, with 36 originations. The 2nd most popular reason was Other, with 34 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 114 | $13,290,000 | $116,579 | $0 | 0.00% |
For 2023, Irco Community Fcu's most frequently cited loan duration was Other, with 114 originations.
Loan Sizing
2023 saw Irco Community Fcu place emphasis on $100,000 or less loans with 70 originations, totaling $3,720,000 in origination value.
Applicant Income
Irco Community Fcu lent most frequently to those with incomes in the $100k-150k range, with 24 originations. The second most popular income band? $75k-100k, with 20 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 114 | $13,290,000 | $116,579 | $0 | 0.00% |
Irco Community Fcu lent most frequently to those with DTI ratios of Exempt%, with 114 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.88%
Irco Community Fcu has an average approval rate.
Pick Rate
Approvals leading to origination98.25%
Irco Community Fcu has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 114 | $13,290,000 | $116,579 |