Infirst Federal Credit Union Mortgage Rates, Fees & Info
Alexandria, VALEI: 254900791X4X11AYVA11
Tax ID: 53-0197084
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Infirst Federal Credit Union is a smaller credit union specializing in Home Improvement and Home Purchase loans. Infirst Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Washington, Pittsburgh, Jacksonville, Nashville, and Hagerstown among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)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
33Origination Dollar Volume (All Markets)
$2,715,000Top 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) | 24 | $2,300,000 | $95,833 | $0 | 0.00% |
| PITTSBURGH, PA (FHA|USDA|VA) | 3 | $125,000 | $41,667 | $0 | 0.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $65,000 | $65,000 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 33 | $2,715,000 | $82,273 | $0 | 0.00% |
For 2018, Infirst Federal Credit Union's most frequently originated type of loan was Conventional, with 33 originations.
Loan Reason
For 2018, Infirst Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 27 originations. The 2nd most popular reason was NA, with 3 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 33 | $2,715,000 | $82,273 | $0 | 0.00% |
For 2018, Infirst Federal Credit Union's most frequently cited loan duration was Other, with 33 originations.
Loan Sizing
2018 saw Infirst Federal Credit Union place emphasis on $100,000 or less loans with 26 originations, totaling $1,200,000 in origination value.
Applicant Income
Infirst Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 9 originations. The second most popular income band? $75k-100k, with 8 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 33 | $2,715,000 | $82,273 | $0 | 0.00% |
Infirst Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 33 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications59.49%
Infirst Federal Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination57.58%
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 | 33 | $2,715,000 | $82,273 |