State Department Federal Credit Union Mortgage Rates, Fees & Info
Alexandria, VALEI: 254900EZRN0CBEP77K34
Tax ID: 53-0197045
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
State Department Federal Credit Union is a smaller credit union specializing in Home Improvement and Home Purchase loans. State Department Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Washington, New York, Philadelphia, Boston, and Miami among others. We have data for 152 markets. (Some data included below & more in-depth data is available with an active subscription.)State Department 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. State Department Federal Credit Union is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 5.86% | 3/24/23 |
| 30 Year Conventional Purchase | 5.93% | 3/24/23 |
| 30 Year Conventional Refi | 5.26% | 3/24/23 |
| 30 Year Cash-out Refi | 5.69% | 3/24/23 |
| 15 Year Conventional Purchase | 5.53% | 3/24/23 |
| 15 Year Conventional Refi | 5.85% | 3/24/23 |
| 15 Year Cash-out Refi | 5.85% | 3/24/23 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Originations
827Origination Dollar Volume (All Markets)
$170,645,000Awards
State Department Federal Credit Union - 2022
State Department Federal Credit Union is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Relative Rate
State Department Federal Credit Union's average 30 year fixed mortgage rate was
4.06%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.7%.
Relative Fees (Closing Costs)
State Department Federal Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $8,307.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $4,750.
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 |
|---|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 360 | $76,450,000 | $212,361 | $4,385 | 4.54% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 19 | $4,775,000 | $251,316 | $2,318 | 5.73% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 22 | $4,350,000 | $197,727 | $1,882 | 5.97% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 14 | $3,990,000 | $285,000 | $2,672 | 6.14% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 12 | $3,530,000 | $294,167 | $4,114 | 5.12% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 20 | $3,360,000 | $168,000 | $2,980 | 5.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 15 | $3,175,000 | $211,667 | $1,187 | 5.95% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 16 | $2,820,000 | $176,250 | $3,363 | 4.81% |
| Outside of Metro Areas | 18 | $2,760,000 | $153,333 | $3,721 | 4.77% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 14 | $2,560,000 | $182,857 | $2,801 | 4.86% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 11 | $2,415,000 | $219,545 | $4,778 | 4.94% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 6 | $2,270,000 | $378,333 | $4,062 | 4.94% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 5 | $2,265,000 | $453,000 | $6,014 | 4.50% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 8 | $2,090,000 | $261,250 | $4,459 | 4.97% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 6 | $2,070,000 | $345,000 | $3,668 | 5.34% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 7 | $2,025,000 | $289,286 | $8,586 | 3.54% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 8 | $1,850,000 | $231,250 | $1,342 | 6.05% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 10 | $1,840,000 | $184,000 | $3,137 | 5.82% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 4 | $1,510,000 | $377,500 | $8,490 | 4.37% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 8 | $1,390,000 | $173,750 | $5,291 | 4.63% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 4 | $1,320,000 | $330,000 | $3,660 | 4.74% |
| Key West, FL (FHA|USDA|VA) | 1 | $1,305,000 | $1,305,000 | $22,719 | 2.88% |
| RICHMOND, VA (FHA|USDA|VA) | 9 | $1,275,000 | $141,667 | $1,912 | 5.59% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 7 | $1,245,000 | $177,857 | $3,239 | 5.38% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 9 | $1,245,000 | $138,333 | $4,138 | 5.43% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 5 | $1,125,000 | $225,000 | $1,260 | 5.98% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 8 | $1,040,000 | $130,000 | $884 | 4.67% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 6 | $1,020,000 | $170,000 | $1,266 | 5.52% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 4 | $1,000,000 | $250,000 | $1,344 | 5.87% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 3 | $975,000 | $325,000 | $8,004 | 4.75% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 4 | $940,000 | $235,000 | $1,821 | 4.82% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 3 | $845,000 | $281,667 | $6,291 | 4.37% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $775,000 | $775,000 | $10,789 | 3.25% |
| FRESNO, CA (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $1,410 | 6.22% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 4 | $760,000 | $190,000 | $3,873 | 5.16% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $4,390 | 4.90% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 5 | $705,000 | $141,000 | $1,026 | 5.29% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $4,832 | 4.69% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $5,447 | 4.41% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $1,135 | 5.48% |
| Newport, OR (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $12,841 | 5.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $6,907 | 5.06% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 5 | $595,000 | $119,000 | $1,356 | 5.29% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $4,613 | 5.68% |
| ANCHORAGE, AK (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $10,221 | 2.63% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $4,266 | 4.51% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $9,894 | 5.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $0 | 5.16% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 4 | $510,000 | $127,500 | $1,378 | 5.70% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $1,547 | 8.20% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $1,333 | 7.70% |
| LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $5,953 | 3.54% |
| COLUMBIA, SC (FHA|USDA|VA) | 4 | $480,000 | $120,000 | $4,031 | 4.29% |
| VALLEJO, CA (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $1,301 | 5.77% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $9,764 | 5.13% |
| Newport, TN (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $11,862 | 2.75% |
| Concord, NH (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $2,878 | 5.85% |
| BOULDER, CO (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $1,385 | 5.14% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $9,547 | 5.00% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 5 | $405,000 | $81,000 | $3,210 | 4.94% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $1,159 | 6.19% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $8,809 | 4.75% |
| Laconia, NH (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $2,818 | 2.71% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $0 | 6.00% |
| LAREDO, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $10,170 | 6.25% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $2,049 | 5.25% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 3.99% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $1,520 | 6.79% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 4.00% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 6.50% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 4 | $280,000 | $70,000 | $1,482 | 6.04% |
| PROVO-OREM, UT (FHA|USDA|VA) | 3 | $275,000 | $91,667 | $1,138 | 4.69% |
| Batavia, NY (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,501 | 2.89% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $6,856 | 5.81% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,737 | 2.63% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $3,885 | 4.53% |
| WILMINGTON, NC (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $0 | 3.99% |
| Bozeman, MT (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $1,721 | 6.19% |
| HATTIESBURG, MS (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $7,005 | 2.88% |
| ASHEVILLE, NC (FHA|USDA|VA) | 3 | $245,000 | $81,667 | $1,362 | 4.66% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $1,634 | 6.19% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $7,423 | 2.13% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $7,355 | 2.75% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $8,042 | 3.88% |
| Keene, NH (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $4,515 | 4.00% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $1,173 | 5.59% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $0 | 4.25% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $7,130 | 3.25% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,483 | 4.88% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 3.99% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 5.50% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,333 | 3.25% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $1,349 | 6.79% |
| COLUMBIA, MO (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,790 | 4.13% |
| Seneca, SC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,198 | 2.63% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $1,557 | 6.99% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,145 | 5.13% |
| TUCSON, AZ (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $1,400 | 5.87% |
| AKRON, OH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $1,771 | 6.69% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,701 | 2.13% |
| MISSOULA, MT (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,652 | 3.13% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,800 | 2.75% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 3.99% |
| SALEM, OR (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $1,342 | 5.85% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,245 | 2.25% |
| Easton, MD (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 5.75% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $1,455 | 6.19% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,151 | 6.25% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 5.75% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 4.75% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,330 | 5.99% |
| SAGINAW, MI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,249 | 6.79% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,361 | 6.19% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,150 | 6.99% |
| Lumberton, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,533 | 7.38% |
| MONTGOMERY, AL (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $821 | 6.02% |
| ROME, GA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 3.99% |
| BANGOR, ME (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,392 | 6.19% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 3.99% |
| Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,525 | 5.25% |
| Moscow, ID (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,711 | 5.00% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,448 | 6.19% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,793 | 5.00% |
| HAMMOND, LA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 5.25% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $1,185 | 6.44% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 2 | $70,000 | $35,000 | $810 | 8.02% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $1,125 | 5.34% |
| FLINT, MI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.25% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 3.99% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 3.99% |
| Farmington, MO (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 7.25% |
| JONESBORO, AR (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,645 | 6.79% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 3.99% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.25% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 3.99% |
| STAUNTON, VA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $608 | 6.14% |
| St. Marys, PA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $3,309 | 2.13% |
| Martinsville, VA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $575 | 6.74% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 3.99% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $565 | 3.74% |
| READING, PA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $1,273 | 6.49% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $1,221 | 6.19% |
| TULSA, OK (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $1,298 | 6.29% |
| Ukiah, CA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $594 | 5.69% |
| Huntington, IN (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 5.50% |
| RAPID CITY, SD (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 4.25% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $1,215 | 6.99% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 4.50% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $275 | 7.00% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $600 | 5.04% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $563 | 5.34% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $1,049 | 6.49% |
Similar Lenders
We use machine learning to identify the top lenders compared against State Department Federal Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 545 | $130,905,000 | $240,193 | $3,821 | 5.03% |
| HELOC | 282 | $39,740,000 | $140,922 | n/a | 4.68% |
For 2022, State Department Federal Credit Union's most frequently originated type of loan was Conventional, with 545 originations. Their 2nd most popular type was HELOC, with 282 originations.
Loan Reason
For 2022, State Department Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 436 originations. The 2nd most popular reason was Other, with 143 originations.
Loan Duration/Length
For 2022, State Department Federal Credit Union's most frequently cited loan duration was Other, with 293 originations. The 2nd most popular length was 20 Year, with 246 originations.
Origination Fees/Closing Costs
State Department Federal Credit Union's average total fees were $8,307, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 329 originations.
Interest Rates
During 2022, State Department Federal Credit Union's average interest rate for loans was 4.06%, while their most frequently originated rate bucket for loans was 3-4%, with 194 originations.
Loan Sizing
2022 saw State Department Federal Credit Union place emphasis on $100,000 or less loans with 278 originations, totaling $16,070,000 in origination value.
Applicant Income
State Department Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 301 originations. The second most popular income band? $100k-150k, with 236 originations.
Applicant Debt to Income Ratio
State Department Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 191 originations. The next most common DTI ratio? 30-36%, with 163 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications73.21%
State Department Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination70.13%
State Department Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 827 | $170,645,000 | $206,342 |