Infirst Federal Credit Union Mortgage Rates, Fees & Info
Alexandria, VALEI: 254900791X4X11AYVA11
Tax ID: 53-0197084
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Mortgage Data
Review & Overview
Infirst Federal Credit Union is a smaller credit union specializing in Home Improvement and Other loans. Infirst Federal Credit Union has a high proportion of conventional loans. Their top two markets are Washington and Pittsburgh .Infirst Federal Credit Union has a below 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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Originations
4Origination Dollar Volume (All Markets)
$200,000Top 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) | 3 | $155,000 | $51,667 | $0 | 0.00% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 4 | $200,000 | $50,000 | $0 | 0.00% |
For 2023, Infirst Federal Credit Union's most frequently originated type of loan was Conventional, with 4 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Improvement | 2 | $90,000 | $45,000 | $0 | 0.00% |
| Other | 2 | $110,000 | $55,000 | $0 | 0.00% |
For 2023, Infirst Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 2 originations. The 2nd most popular reason was Other, with 2 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 4 | $200,000 | $50,000 | $0 | 0.00% |
For 2023, Infirst Federal Credit Union's most frequently cited loan duration was Other, with 4 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 4 | $200,000 | $50,000 | $0 | 0.00% |
2023 saw Infirst Federal Credit Union place emphasis on $100,000 or less loans with 4 originations, totaling $200,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 2 | $90,000 | $45,000 | $0 | 0.00% |
| $150k-250k | 1 | $55,000 | $55,000 | $0 | 0.00% |
| $75k-100k | 1 | $55,000 | $55,000 | $0 | 0.00% |
Infirst Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 2 originations. The second most popular income band? $150k-250k, with 1 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 4 | $200,000 | $50,000 | $0 | 0.00% |
Infirst Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 4 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Black | 2 | $100,000 | $50,000 | $0 | 0.00% |
| Not provided | 1 | $55,000 | $55,000 | $0 | 0.00% |
| White | 1 | $45,000 | $45,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications61.90%
Infirst Federal Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination-125.00%
Infirst 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 |
|---|---|---|---|
| Exempt | 4 | $200,000 | $50,000 |