Singing River Federal Credit Union Mortgage Rates, Fees & Info
Moss Point, MSLEI: 2549005WP4EISHQKDS45
Tax ID: 64-0328190
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Singing River Federal Credit Union is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. Singing River Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Gulfport, Daphne, and Hattiesburg among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Singing River Federal 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.
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Originations
53Origination Dollar Volume (All Markets)
$7,255,000Top 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 |
---|---|---|---|---|---|
GULFPORT-BILOXI, MS (FHA|USDA|VA) | 26 | $3,840,000 | $147,692 | $0 | 0.00% |
Outside of Metro Areas | 25 | $3,075,000 | $123,000 | $0 | 0.00% |
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
HATTIESBURG, MS (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 53 | $7,255,000 | $136,887 | $0 | 0.00% |
For 2023, Singing River Federal Credit Union's most frequently originated type of loan was Conventional, with 53 originations.
Loan Reason
For 2023, Singing River Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 30 originations. The 2nd most popular reason was Cash Out Refi, with 16 originations.
Loan Duration/Length
Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Other | 53 | $7,255,000 | $136,887 | $0 | 0.00% |
For 2023, Singing River Federal Credit Union's most frequently cited loan duration was Other, with 53 originations.
Loan Sizing
2023 saw Singing River Federal Credit Union place emphasis on $100k-200k loans with 24 originations, totaling $3,370,000 in origination value.
Applicant Income
Singing River Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 15 originations. The second most popular income band? $50k-75k, with 12 originations.
Applicant Debt to Income Ratio
DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Exempt% | 53 | $7,255,000 | $136,887 | $0 | 0.00% |
Singing River Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 53 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications82.29%
Singing River Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination75.47%
Singing River Federal Credit Union has a below average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
Exempt | 53 | $7,255,000 | $136,887 |