Ih Credit Union Mortgage Rates, Fees & Info

SPRINGFIELD, OH

LEI: 549300OZV7J05G72WS11

Tax ID: 31-0502711

Latest/2023 | 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

    Ih Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Ih Credit Union has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Springfield, Urbana, Sidney, and Dayton among others. We have data for 4 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 an above 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.

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    Originations

    46

    Origination Dollar Volume (All Markets)

    $4,890,000

    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
    SPRINGFIELD, OH (FHA|USDA|VA) 34 $3,090,000 $90,882 $0 0.00%
    Urbana, OH (FHA|USDA|VA) 9 $1,325,000 $147,222 $0 0.00%
    Sidney, OH (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 2 $220,000 $110,000 $0 0.00%
    Ih Credit Union's top markets include Springfield, Urbana, Sidney, and Dayton among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 45 $4,825,000 $107,222 $0 0.00%
    FHA 1 $65,000 $65,000 $0 0.00%

    For 2018, Ih Credit Union's most frequently originated type of loan was Conventional, with 45 originations. Their 2nd most popular type was FHA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 22 $2,360,000 $107,273 $0 0.00%
    Home Purchase 17 $1,745,000 $102,647 $0 0.00%
    Refi 7 $785,000 $112,143 $0 0.00%

    For 2018, Ih Credit Union's most frequently cited loan purpose was Cash Out Refi, with 22 originations. The 2nd most popular reason was Home Purchase, with 17 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 46 $4,890,000 $106,304 $0 0.00%

    For 2018, Ih Credit Union's most frequently cited loan duration was Other, with 46 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 26 $1,770,000 $68,077 $0 0.00%
    $100k-200k 16 $2,070,000 $129,375 $0 0.00%
    $200k-400k 4 $1,050,000 $262,500 $0 0.00%

    2018 saw Ih Credit Union place emphasis on $100,000 or less loans with 26 originations, totaling $1,770,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 17 $1,325,000 $77,941 $0 0.00%
    $75k-100k 10 $1,270,000 $127,000 $0 0.00%
    $50k-75k 9 $795,000 $88,333 $0 0.00%
    $100k-150k 8 $1,020,000 $127,500 $0 0.00%
    $150k-250k 1 $385,000 $385,000 $0 0.00%
    $250k+ 1 $95,000 $95,000 $0 0.00%

    Ih Credit Union lent most frequently to those with incomes in the $50k or less range, with 17 originations. The second most popular income band? $75k-100k, with 10 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 46 $4,890,000 $106,304 $0 0.00%

    Ih Credit Union lent most frequently to those with DTI ratios of Exempt%, with 46 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 41 $4,495,000 $109,634 $0 0.00%
    Not provided 3 $265,000 $88,333 $0 0.00%
    American Indian 1 $65,000 $65,000 $0 0.00%
    Black 1 $65,000 $65,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.14%

    Ih Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.30%

    Ih Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 46 $4,890,000 $106,304

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 46 $4,890,000 $106,304