Ih Credit Union Mortgage Rates, Fees & Info
SPRINGFIELD, OHLEI: 549300OZV7J05G72WS11
Tax ID: 31-0502711
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
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, Columbus, and Dayton among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)Ih 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
34Origination Dollar Volume (All Markets)
$4,140,000Top 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) | 22 | $2,660,000 | $120,909 | $0 | 0.00% |
| Urbana, OH (FHA|USDA|VA) | 5 | $705,000 | $141,000 | $0 | 0.00% |
| Bellefontaine, OH (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| Greenville, OH (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Wapakoneta, OH (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| Findlay, OH (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 34 | $4,140,000 | $121,765 | $0 | 0.00% |
For 2023, Ih Credit Union's most frequently originated type of loan was Conventional, with 34 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 23 | $3,215,000 | $139,783 | $0 | 0.00% |
| Cash Out Refi | 11 | $925,000 | $84,091 | $0 | 0.00% |
For 2023, Ih Credit Union's most frequently cited loan purpose was Home Purchase, with 23 originations. The 2nd most popular reason was Cash Out Refi, with 11 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 34 | $4,140,000 | $121,765 | $0 | 0.00% |
For 2023, Ih Credit Union's most frequently cited loan duration was Other, with 34 originations.
Loan Sizing
2023 saw Ih Credit Union place emphasis on $100,000 or less loans with 15 originations, totaling $945,000 in origination value.
Applicant Income
Ih Credit Union lent most frequently to those with incomes in the $100k-150k range, with 11 originations. The second most popular income band? $50k or less, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 34 | $4,140,000 | $121,765 | $0 | 0.00% |
Ih Credit Union lent most frequently to those with DTI ratios of Exempt%, with 34 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 22 | $3,030,000 | $137,727 | $0 | 0.00% |
| Not provided | 8 | $710,000 | $88,750 | $0 | 0.00% |
| Black | 4 | $400,000 | $100,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications85.48%
Ih Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination44.12%
Ih 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 | 34 | $4,140,000 | $121,765 |