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 markets by origination volume include: Washington, California, Baltimore, Winston, and Oil City among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)Infirst 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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Originations
38Origination Dollar Volume (All Markets)
$2,410,000Top 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) | 21 | $1,495,000 | $71,190 | $0 | 0.00% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $0 | 0.00% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $115,000 | $38,333 | $0 | 0.00% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Oil City, PA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
| ROCHESTER, NY (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
| Moses Lake, WA (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 | 38 | $2,410,000 | $63,421 | $0 | 0.00% |
For 2019, Infirst Federal Credit Union's most frequently originated type of loan was Conventional, with 38 originations.
Loan Reason
For 2019, Infirst Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 18 originations. The 2nd most popular reason was Other, with 11 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 38 | $2,410,000 | $63,421 | $0 | 0.00% |
For 2019, Infirst Federal Credit Union's most frequently cited loan duration was Other, with 38 originations.
Loan Sizing
2019 saw Infirst Federal Credit Union place emphasis on $100,000 or less loans with 32 originations, totaling $1,580,000 in origination value.
Applicant Income
Infirst Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 14 originations. The second most popular income band? $150k-250k, with 8 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 38 | $2,410,000 | $63,421 | $0 | 0.00% |
Infirst Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 38 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications81.58%
Infirst Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination55.26%
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 | 38 | $2,410,000 | $63,421 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 38 | $2,410,000 | $63,421 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Informative Research | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |