Indianhead Credit Union Mortgage Rates, Fees & Info

Spooner, WI

LEI: 254900C1MQVQQR44R744

Tax ID: 39-6049800

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Indianhead Credit Union is a smaller credit union specializing in Home Purchase, Cash Out Refi, and Refi loans. Indianhead Credit Union has a high proportion of conventional loans. Their top (well, only) market is Duluth.

    Indianhead Credit Union has an above 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

    26

    Origination Dollar Volume (All Markets)

    $4,190,000

    Top 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
    Outside of Metro Areas 24 $3,930,000 $163,750 $0 0.00%
    DULUTH, MN-WI (FHA|USDA|VA) 2 $260,000 $130,000 $0 0.00%
    Indianhead Credit Union's top markets include and Duluth among others.

    Their top states include:
  • Wisconsin (FHA|USDA|VA)
  • (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 26 $4,190,000 $161,154 $0 0.00%

    For 2024, Indianhead Credit Union's most frequently originated type of loan was Conventional, with 26 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 9 $1,185,000 $131,667 $0 0.00%
    Cash Out Refi 9 $1,605,000 $178,333 $0 0.00%
    Refi 8 $1,400,000 $175,000 $0 0.00%

    For 2024, Indianhead Credit Union's most frequently cited loan purpose was Home Purchase, with 9 originations. The 2nd most popular reason was Cash Out Refi, with 9 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 26 $4,190,000 $161,154 $0 0.00%

    For 2024, Indianhead Credit Union's most frequently cited loan duration was Other, with 26 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 10 $620,000 $62,000 $0 0.00%
    $100k-200k 10 $1,370,000 $137,000 $0 0.00%
    $200k-400k 4 $1,150,000 $287,500 $0 0.00%
    $400k-600k 2 $1,050,000 $525,000 $0 0.00%

    2024 saw Indianhead Credit Union place emphasis on $100,000 or less loans with 10 originations, totaling $620,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 8 $1,760,000 $220,000 $0 0.00%
    $50k or less 5 $535,000 $107,000 $0 0.00%
    $50k-75k 4 $340,000 $85,000 $0 0.00%
    $75k-100k 4 $400,000 $100,000 $0 0.00%
    $150k-250k 2 $940,000 $470,000 $0 0.00%

    Indianhead Credit Union lent most frequently to those with incomes in the $100k-150k range, with 8 originations. The second most popular income band? $50k or less, with 5 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 26 $4,190,000 $161,154 $0 0.00%

    Indianhead Credit Union lent most frequently to those with DTI ratios of Exempt%, with 26 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 25 $4,145,000 $165,800 $0 0.00%
    Not provided 1 $45,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.55%

    Indianhead Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.46%

    Indianhead Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 26 $4,190,000 $161,154

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    26 $4,190,000 $161,154