Singing River Federal Credit Union Mortgage Rates, Fees & Info

Moss Point, MS

LEI: 2549005WP4EISHQKDS45

Tax ID: 64-0328190

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

    Singing River Federal Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Singing River Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Gulfport, Mobile, Oxford, 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 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.

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    Originations

    97

    Origination Dollar Volume (All Markets)

    $16,195,000

    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
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 50 $7,570,000 $151,400 $0 0.00%
    Outside of Metro Areas 41 $6,165,000 $150,366 $0 0.00%
    MOBILE, AL (FHA|USDA|VA) 4 $1,250,000 $312,500 $0 0.00%
    Oxford, MS (FHA|USDA|VA) 1 $1,105,000 $1,105,000 $0 0.00%
    HATTIESBURG, MS (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
    Singing River Federal Credit Union's top markets include Gulfport, Mobile, Oxford, and Hattiesburg among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 97 $16,195,000 $166,959 $0 0.00%

    For 2022, Singing River Federal Credit Union's most frequently originated type of loan was Conventional, with 97 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 42 $6,510,000 $155,000 $0 0.00%
    Home Purchase 39 $6,435,000 $165,000 $0 0.00%
    Refi 10 $2,590,000 $259,000 $0 0.00%
    Home Improvement 6 $660,000 $110,000 $0 0.00%

    For 2022, Singing River Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 42 originations. The 2nd most popular reason was Home Purchase, with 39 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 97 $16,195,000 $166,959 $0 0.00%

    For 2022, Singing River Federal Credit Union's most frequently cited loan duration was Other, with 97 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 36 $2,320,000 $64,444 $0 0.00%
    $100k-200k 35 $4,925,000 $140,714 $0 0.00%
    $200k-400k 20 $5,370,000 $268,500 $0 0.00%
    $400k-600k 4 $1,750,000 $437,500 $0 0.00%
    $1MM+ 1 $1,105,000 $1,105,000 $0 0.00%
    $600k-1MM 1 $725,000 $725,000 $0 0.00%

    2022 saw Singing River Federal Credit Union place emphasis on $100,000 or less loans with 36 originations, totaling $2,320,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 24 $4,220,000 $175,833 $0 0.00%
    $50k-75k 22 $2,740,000 $124,545 $0 0.00%
    $50k or less 18 $1,060,000 $58,889 $0 0.00%
    $75k-100k 13 $2,105,000 $161,923 $0 0.00%
    $150k-250k 9 $2,735,000 $303,889 $0 0.00%
    $250k+ 7 $1,845,000 $263,571 $0 0.00%

    Singing River Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 24 originations. The second most popular income band? $50k-75k, with 22 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 97 $16,195,000 $166,959 $0 0.00%

    Singing River Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 97 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 69 $10,655,000 $154,420 $0 0.00%
    Not provided 17 $3,435,000 $202,059 $0 0.00%
    Not applicable 4 $1,490,000 $372,500 $0 0.00%
    Black 7 $615,000 $87,857 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.14%

    Singing River Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.57%

    Singing River Federal Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 97 $16,195,000 $166,959

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    97 $16,195,000 $166,959