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
Jump to:
Mortgage Data
Review & Overview
Infirst Federal Credit Union is a smaller credit union specializing in Other and Home Improvement loans. Infirst Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Washington, Richmond, Baltimore, Los Angeles, and Atlanta among others. We have data for 12 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.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
38Origination Dollar Volume (All Markets)
$3,640,000Top 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 | $2,510,000 | $104,583 | $0 | 0.00% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $205,000 | $68,333 | $0 | 0.00% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| OCALA, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| Oil City, PA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| San Francisco-Oakland-Berkeley, CA (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 | 38 | $3,640,000 | $95,789 | $0 | 0.00% |
For 2021, Infirst Federal Credit Union's most frequently originated type of loan was Conventional, with 38 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Other | 19 | $1,715,000 | $90,263 | $0 | 0.00% |
| Home Improvement | 18 | $1,870,000 | $103,889 | $0 | 0.00% |
| Cash Out Refi | 1 | $55,000 | $55,000 | $0 | 0.00% |
For 2021, Infirst Federal Credit Union's most frequently cited loan purpose was Other, with 19 originations. The 2nd most popular reason was Home Improvement, with 18 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 38 | $3,640,000 | $95,789 | $0 | 0.00% |
For 2021, Infirst Federal Credit Union's most frequently cited loan duration was Other, with 38 originations.
Loan Sizing
2021 saw Infirst Federal Credit Union place emphasis on $100,000 or less loans with 25 originations, totaling $1,395,000 in origination value.
Applicant Income
Infirst Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 13 originations. The second most popular income band? $150k-250k, with 9 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 38 | $3,640,000 | $95,789 | $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 applications79.17%
Infirst Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination63.16%
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 | $3,640,000 | $95,789 |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Informative Research | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |