Island Federal Credit Union mortgage approval rate & lending review
Island Federal Credit Union decided 1,592 mortgage applications and funded 1,164 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Island Federal Credit Union reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Island Federal Credit Union at a glance
Approval is 5.3 points above the 70.9% national rate for the same mix of loan types.
Approval rates by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 78% | 192 / 246 | 97% | $305K | 186 |
| Home improvement loans | 70% | 562 / 799 | 95% | $105K | 533 |
| Cash-out refinance | 71% | 20 / 28 | 100% | $375K | 20 |
| Refinance | 90% | 430 / 478 | 97% | $165K | 415 |
Island Federal Credit Union lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| New York | 77% | $165K | 1,571 | 1,159 |
Fat Boy Data covers 616 counties, 79.6% of the US population, not every county in every state. States with fewer than 20 decisions are not listed.Methodology.
Where Island Federal Credit Union lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Suffolk County, NY | Home improvement loans | 70% | 568 | 380 |
| Suffolk County, NY | Refinance | 92% | 319 | 283 |
| Suffolk County, NY | Mortgage lenders | 81% | 186 | 147 |
| Nassau County, NY | Home improvement loans | 77% | 186 | 135 |
| Nassau County, NY | Refinance | 88% | 147 | 125 |
The county markets where Island Federal Credit Union made the most loans. Each link opens that market with every lender ranked.
Questions about Island Federal Credit Union
What is Island Federal Credit Union's mortgage approval rate?
Island Federal Credit Union approved 76.3% of the 1,592 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 5.3 points above the 70.9% national rate for the same mix of loan types.
How often do borrowers take the loan Island Federal Credit Union offers?
Borrowers accepted 96% of the loans Island Federal Credit Union approved, against 93% for all home improvement loan lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does Island Federal Credit Union make?
The typical home improvement loan loan Island Federal Credit Union made was $105K; across all loan types its typical loan ran from $105K to $375K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Island Federal Credit Union lend?
Island Federal Credit Union decided applications in 8 of the states Fat Boy Data covers, most of them in New York, Florida and New Jersey.
Can I apply to Island Federal Credit Union directly?
Yes. Island Federal Credit Union is a bank or credit union with 8 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Island Federal Credit Union's interest rates?
No. HMDA filings record who applied, who was approved and how much was borrowed, not the rate offered. Use the approval rate and take-up here to judge how Island Federal Credit Union treats applications, then get a rate quote from the lender.