Ih Credit Union Mortgage Rates, Fees & Info
SPRINGFIELD, OHLEI: 549300OZV7J05G72WS11
Tax ID: 31-0502711
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Ih Credit Union is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. Ih Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Springfield, Urbana, Bellefontaine, Dayton, and Mansfield among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Ih 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
30Origination Dollar Volume (All Markets)
$3,750,000Top 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 |
|---|---|---|---|---|---|
| SPRINGFIELD, OH (FHA|USDA|VA) | 19 | $2,295,000 | $120,789 | $0 | 0.00% |
| Urbana, OH (FHA|USDA|VA) | 7 | $845,000 | $120,714 | $0 | 0.00% |
| Bellefontaine, OH (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $0 | 0.00% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| MANSFIELD, OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 30 | $3,750,000 | $125,000 | $0 | 0.00% |
For 2024, Ih Credit Union's most frequently originated type of loan was Conventional, with 30 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 18 | $2,510,000 | $139,444 | $0 | 0.00% |
| Cash Out Refi | 12 | $1,240,000 | $103,333 | $0 | 0.00% |
For 2024, Ih Credit Union's most frequently cited loan purpose was Home Purchase, with 18 originations. The 2nd most popular reason was Cash Out Refi, with 12 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 30 | $3,750,000 | $125,000 | $0 | 0.00% |
For 2024, Ih Credit Union's most frequently cited loan duration was Other, with 30 originations.
Loan Sizing
2024 saw Ih Credit Union place emphasis on $100,000 or less loans with 14 originations, totaling $880,000 in origination value.
Applicant Income
Ih Credit Union lent most frequently to those with incomes in the $50k-75k range, with 9 originations. The second most popular income band? $50k or less, with 7 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 30 | $3,750,000 | $125,000 | $0 | 0.00% |
Ih Credit Union lent most frequently to those with DTI ratios of Exempt%, with 30 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 25 | $3,395,000 | $135,800 | $0 | 0.00% |
| Not provided | 3 | $225,000 | $75,000 | $0 | 0.00% |
| Black | 2 | $130,000 | $65,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications98.36%
Ih Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination80.00%
Ih Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 30 | $3,750,000 | $125,000 |