Isu Federal Credit Union Mortgage Rates, Fees & Info

Terre Haute, IN

LEI: 549300KILAW2M87QR043

Tax ID: 35-1049024

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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

    Isu Federal Credit Union is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. Isu Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Terre Haute, Indianapolis, and Vincennes among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Isu Federal 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. Isu Federal Credit Union is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

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    Originations

    48

    Origination Dollar Volume (All Markets)

    $4,880,000

    Awards

    ISU Federal Credit Union 30 Year Conventional Loans gold
    Show all (1) awards

    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
    TERRE HAUTE, IN (FHA|USDA|VA) 46 $4,630,000 $100,652 $1,805 4.67%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $165,000 $165,000 $2,027 4.75%
    Vincennes, IN (FHA|USDA|VA) 1 $85,000 $85,000 $1,883 4.75%
    Isu Federal Credit Union's top markets include Terre Haute, Indianapolis, and Vincennes among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against ISU Federal Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Terre Haute Savings Bank
    Similarity Rank: 18
    ISU Federal Credit Union
    Similarity Rank: 30
    Wolfe Financial, Inc
    Similarity Rank: 372
    First Farmers Bank and Trust Company
    Similarity Rank: 527
    GVC MORTGAGE, INC.
    Similarity Rank: 567
    First Financial Bank
    Similarity Rank: 600
    Old National Bank
    Similarity Rank: 1386
    Mortgage Research Center, LLC
    Similarity Rank: 4510
    USAA Federal Savings Bank
    Similarity Rank: 5424
    RUOFF MORTGAGE COMPANY, INC.
    Similarity Rank: 5452

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 48 $4,880,000 $101,667 $1,812 4.68%

    For 2018, Isu Federal Credit Union's most frequently originated type of loan was Conventional, with 48 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 26 $2,760,000 $106,154 $1,806 4.92%
    Cash Out Refi 22 $2,120,000 $96,364 $1,819 4.39%

    For 2018, Isu Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 26 originations. The 2nd most popular reason was Cash Out Refi, with 22 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 18 $2,080,000 $115,556 $2,003 4.86%
    20 Year 17 $1,795,000 $105,588 $1,663 4.64%
    15 Year 9 $655,000 $72,778 $1,741 4.38%
    10 Year 4 $350,000 $87,500 $1,737 4.69%

    For 2018, Isu Federal Credit Union's most frequently cited loan duration was 30 Year, with 18 originations. The 2nd most popular length was 20 Year, with 17 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 48 $4,880,000 $101,667

    Isu Federal Credit Union's average total fees were $2,003, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 48 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 34 $3,420,000 $100,588
    3-4% 7 $525,000 $75,000
    5-6% 4 $730,000 $182,500
    6-7% 3 $205,000 $68,333

    During 2018, Isu Federal Credit Union's average interest rate for loans was 4.86%, while their most frequently originated rate bucket for loans was 4-5%, with 34 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 30 $2,090,000 $69,667 $1,797 4.67%
    $100k-200k 14 $1,750,000 $125,000 $1,788 4.69%
    $200k-400k 4 $1,040,000 $260,000 $2,004 4.72%

    2018 saw Isu Federal Credit Union place emphasis on $100,000 or less loans with 30 originations, totaling $2,090,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 16 $1,400,000 $87,500 $1,827 4.70%
    $50k or less 13 $995,000 $76,538 $1,764 4.52%
    $100k-150k 9 $1,095,000 $121,667 $1,764 4.96%
    $75k-100k 7 $805,000 $115,000 $1,915 4.57%
    $150k-250k 3 $585,000 $195,000 $1,839 4.63%

    Isu Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 16 originations. The second most popular income band? $50k or less, with 13 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 13 $1,045,000 $80,385 $1,862 4.76%
    20-30% 13 $1,135,000 $87,308 $1,723 4.60%
    30-36% 8 $900,000 $112,500 $1,832 4.77%
    40% 3 $325,000 $108,333 $1,716 4.67%
    38% 3 $515,000 $171,667 $2,008 4.88%
    36% 2 $100,000 $50,000 $1,569 4.50%
    43% 2 $220,000 $110,000 $1,757 4.94%
    41% 1 $255,000 $255,000 $2,374 4.63%
    42% 1 $125,000 $125,000 $1,777 3.88%
    44% 1 $95,000 $95,000 $1,689 4.00%
    45% 1 $165,000 $165,000 $2,027 4.75%

    Isu Federal Credit Union lent most frequently to those with DTI ratios of <20%, with 13 originations. The next most common DTI ratio? 20-30%, with 13 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 48 $4,880,000 $101,667 $1,812 4.68%

    Approval Rates

    Total approvals of all applications
    90.54%

    Isu Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.50%

    Isu Federal Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 48 $4,880,000 $101,667

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 48 $4,880,000 $101,667

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2 $110,000 $55,000 $1,751 3.75%
    40-60% 2 $150,000 $75,000 $1,722 4.50%
    60-80% 26 $2,650,000 $101,923 $1,758 4.72%
    80-100% 18 $1,970,000 $109,444 $1,905 4.74%