Irco Community Fcu Mortgage Rates, Fees & Info
Phillipsburg, NJLEI: 2549006803O7LX222108
Tax ID: 22-1819655
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Mortgage Data
Review & Overview
Irco Community Fcu is a smaller credit union specializing in Other and Home Improvement loans. Irco Community Fcu has a high proportion of conventional loans. Their top two markets are Allentown and East Stroudsburg .Irco Community Fcu has an average approval rate when compared to the average across all lenders.
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Originations
50Origination Dollar Volume (All Markets)
$250,000Top 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) | 49 | $245,000 | $5,000 | $0 | 0.00% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $5,000 | $5,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 50 | $250,000 | $5,000 | $0 | 0.00% |
For 2018, Irco Community Fcu's most frequently originated type of loan was Conventional, with 50 originations.
Loan Reason
For 2018, Irco Community Fcu's most frequently cited loan purpose was Other, with 21 originations. The 2nd most popular reason was Home Improvement, with 19 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 50 | $250,000 | $5,000 | $0 | 0.00% |
For 2018, Irco Community Fcu's most frequently cited loan duration was Other, with 50 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 50 | $250,000 | $5,000 | $0 | 0.00% |
2018 saw Irco Community Fcu place emphasis on $100,000 or less loans with 50 originations, totaling $250,000 in origination value.
Applicant Income
Irco Community Fcu lent most frequently to those with incomes in the $100k-150k range, with 12 originations. The second most popular income band? $50k or less, with 12 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 50 | $250,000 | $5,000 | $0 | 0.00% |
Irco Community Fcu lent most frequently to those with DTI ratios of Exempt%, with 50 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.75%
Irco Community Fcu has a below average approval rate.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 50 | $250,000 | $5,000 |