Singing River Federal Credit Union Mortgage Rates, Fees & Info
Moss Point, MSLEI: 2549005WP4EISHQKDS45
Tax ID: 64-0328190
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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, Mobile, Laurel, and Hattiesburg among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Singing River Federal Credit Union has a below 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
94Origination Dollar Volume (All Markets)
$11,510,000Top 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) | 49 | $6,085,000 | $124,184 | $0 | 0.00% |
| Outside of Metro Areas | 35 | $4,655,000 | $133,000 | $0 | 0.00% |
| MOBILE, AL (FHA|USDA|VA) | 8 | $610,000 | $76,250 | $0 | 0.00% |
| Laurel, MS (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| HATTIESBURG, MS (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 94 | $11,510,000 | $122,447 | $0 | 0.00% |
For 2018, Singing River Federal Credit Union's most frequently originated type of loan was Conventional, with 94 originations.
Loan Reason
For 2018, Singing River Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 39 originations. The 2nd most popular reason was Cash Out Refi, with 39 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 94 | $11,510,000 | $122,447 | $0 | 0.00% |
For 2018, Singing River Federal Credit Union's most frequently cited loan duration was Other, with 94 originations.
Loan Sizing
2018 saw Singing River Federal Credit Union place emphasis on $100,000 or less loans with 54 originations, totaling $3,460,000 in origination value.
Applicant Income
Singing River Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 26 originations. The second most popular income band? $100k-150k, with 21 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 86 | $10,320,000 | $120,000 | $0 | 0.00% |
| Black | 4 | $670,000 | $167,500 | $0 | 0.00% |
| Not provided | 4 | $520,000 | $130,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications66.67%
Singing River Federal Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination88.30%
Singing River Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 94 | $11,510,000 | $122,447 |