State Department Federal Credit Union Mortgage Rates, Fees & Info
Alexandria, VALEI: 254900EZRN0CBEP77K34
Tax ID: 53-0197045
Latest/2024 | 2023 Data | 2022 Data | 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, Los Angeles, New York, San Diego, and Baltimore among others. We have data for 143 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.06% | 4/5/25 |
| 30 Year Conventional Purchase | 6.09% | 4/5/25 |
| 30 Year Conventional Refi | 6.08% | 4/5/25 |
| 30 Year Cash-out Refi | 5.94% | 4/5/25 |
| 15 Year Conventional Purchase | 5.76% | 4/5/25 |
| 15 Year Conventional Refi | 6.86% | 4/5/25 |
| 15 Year Cash-out Refi | 6.86% | 4/5/25 |
| 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. | ||
State Department Federal Credit Union Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from State Department Federal Credit Union. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
837Origination Dollar Volume (All Markets)
$185,755,000Awards
State Department Federal Credit Union - 2024
State Department Federal Credit Union is a 2024 , due to their low .
For 2024, 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
6%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of -0.55%.
Relative Fees (Closing Costs)
State Department Federal Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $8,639.
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 $8,356.
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) | 283 | $61,985,000 | $219,028 | $3,896 | 7.34% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 35 | $11,635,000 | $332,429 | $3,697 | 8.24% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 33 | $9,695,000 | $293,788 | $2,244 | 8.20% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 12 | $5,040,000 | $420,000 | $0 | 8.31% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 27 | $4,835,000 | $179,074 | $1,952 | 7.66% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 23 | $4,665,000 | $202,826 | $1,094 | 8.69% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 14 | $4,430,000 | $316,429 | $1,009 | 8.22% |
| Outside of Metro Areas | 28 | $4,390,000 | $156,786 | $1,587 | 8.09% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 18 | $4,140,000 | $230,000 | $1,562 | 7.93% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 23 | $4,115,000 | $178,913 | $1,309 | 8.16% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 11 | $4,065,000 | $369,545 | $1,570 | 8.25% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 13 | $3,395,000 | $261,154 | $3,420 | 7.65% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 14 | $3,340,000 | $238,571 | $839 | 8.27% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 10 | $3,090,000 | $309,000 | $2,961 | 8.31% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 8 | $2,760,000 | $345,000 | $0 | 8.13% |
| RICHMOND, VA (FHA|USDA|VA) | 12 | $2,370,000 | $197,500 | $4,112 | 7.63% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 7 | $2,295,000 | $327,857 | $8,428 | 7.51% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 11 | $2,035,000 | $185,000 | $1,039 | 8.50% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 8 | $2,020,000 | $252,500 | $7,423 | 6.45% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 11 | $1,885,000 | $171,364 | $970 | 8.29% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 4 | $1,860,000 | $465,000 | $17,113 | 7.66% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 10 | $1,670,000 | $167,000 | $2,029 | 7.20% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 10 | $1,590,000 | $159,000 | $2,434 | 7.83% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 5 | $1,305,000 | $261,000 | $4,342 | 7.30% |
| SANTA FE, NM (FHA|USDA|VA) | 2 | $1,070,000 | $535,000 | $8,601 | 5.88% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 7 | $1,065,000 | $152,143 | $2,128 | 8.26% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 4 | $1,000,000 | $250,000 | $5,083 | 7.08% |
| PITTSBURGH, PA (FHA|USDA|VA) | 5 | $975,000 | $195,000 | $8,041 | 6.90% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 5 | $925,000 | $185,000 | $4,385 | 7.19% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 3 | $905,000 | $301,667 | $3,836 | 8.00% |
| Laconia, NH (FHA|USDA|VA) | 1 | $895,000 | $895,000 | $5,936 | 6.38% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 4 | $860,000 | $215,000 | $511 | 7.96% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 5 | $835,000 | $167,000 | $3,030 | 7.81% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $0 | 8.83% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 5 | $785,000 | $157,000 | $3,961 | 8.18% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $4,989 | 7.21% |
| STOCKTON, CA (FHA|USDA|VA) | 4 | $760,000 | $190,000 | $0 | 8.13% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $12,933 | 7.81% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 4 | $740,000 | $185,000 | $0 | 8.75% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $0 | 8.50% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $0 | 8.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $940 | 7.43% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 4 | $700,000 | $175,000 | $996 | 7.73% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $2,857 | 7.48% |
| ANCHORAGE, AK (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $4,222 | 7.25% |
| WILMINGTON, NC (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $0 | 7.50% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $10,618 | 6.63% |
| Glenwood Springs, CO (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $11,477 | 6.13% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $1,534 | 7.48% |
| TOLEDO, OH (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $0 | 7.75% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $4,657 | 7.23% |
| LANCASTER, PA (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $10,028 | 7.06% |
| SALEM, OR (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $3,922 | 6.75% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $13,627 | 5.75% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 4 | $420,000 | $105,000 | $2,658 | 7.51% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $801 | 8.25% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $0 | 8.00% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 5 | $385,000 | $77,000 | $435 | 7.79% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 7.50% |
| Coos Bay, OR (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $10,403 | 5.25% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $817 | 8.25% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,589 | 5.63% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 8.50% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,377 | 5.63% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,832 | 6.25% |
| COLUMBUS, OH (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $0 | 8.00% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $1,391 | 8.23% |
| THE VILLAGES, FL (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $970 | 7.83% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 8.00% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 8.00% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $8,438 | 6.00% |
| ROCKFORD, IL (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $1,222 | 7.70% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 3 | $265,000 | $88,333 | $559 | 6.79% |
| Marion, NC (FHA|USDA|VA) | 3 | $265,000 | $88,333 | $5,171 | 6.88% |
| WENATCHEE, WA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 8.50% |
| Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 8.50% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 8.50% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $0 | 8.25% |
| STAUNTON, VA (FHA|USDA|VA) | 3 | $235,000 | $78,333 | $799 | 8.97% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,810 | 6.25% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 8.50% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $8,338 | 5.88% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $9,178 | 5.63% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $1,010 | 7.90% |
| Crescent City, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 8.50% |
| FRESNO, CA (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 8.50% |
| TULSA, OK (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 7.25% |
| Lebanon, NH-VT (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,019 | 6.50% |
| Wilmington, OH (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 7.50% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 8.50% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 8.50% |
| ELMIRA, NY (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 6.75% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,316 | 5.88% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $509 | 7.75% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,270 | 5.50% |
| MIDLAND, MI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 8.50% |
| Helena, MT (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 7.50% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 8.00% |
| ROME, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 7.50% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $555 | 7.15% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 7.50% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,363 | 6.13% |
| Cortland, NY (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $809 | 7.15% |
| AKRON, OH (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $980 | 8.23% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,203 | 6.75% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 9.50% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 8.50% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $1,385 | 7.95% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $545 | 8.50% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $775 | 7.95% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 8.50% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $501 | 7.90% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,876 | 5.50% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 7.00% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 9.50% |
| PROVO-OREM, UT (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $1,242 | 7.65% |
| DECATUR, AL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,131 | 9.05% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 7.00% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $1,278 | 8.95% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 8.50% |
| ANN ARBOR, MI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $519 | 6.65% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,408 | 9.75% |
| Newport, TN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $779 | 8.35% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 7.50% |
| Easton, MD (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 8.50% |
| Cedartown, GA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 9.50% |
| HINESVILLE, GA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 6.38% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 8.50% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 8.50% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 8.50% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $969 | 8.05% |
| LAFAYETTE, LA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 9.00% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,021 | 8.75% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 9.50% |
| Oak Harbor, WA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 8.50% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $775 | 8.00% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 8.50% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 8.00% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 7.50% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 8.50% |
| READING, PA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 7.50% |
| Wilson, NC (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $826 | 8.35% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $1,286 | 9.05% |
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 |
|---|---|---|---|---|---|
| HELOC | 463 | $99,475,000 | $214,849 | n/a | 8.12% |
| Conventional | 374 | $86,280,000 | $230,695 | $3,409 | 7.23% |
For 2024, State Department Federal Credit Union's most frequently originated type of loan was HELOC, with 463 originations. Their 2nd most popular type was Conventional, with 374 originations.
Loan Reason
For 2024, State Department Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 504 originations. The 2nd most popular reason was Other, with 177 originations.
Loan Duration/Length
For 2024, State Department Federal Credit Union's most frequently cited loan duration was Other, with 474 originations. The 2nd most popular length was 20 Year, with 176 originations.
Origination Fees/Closing Costs
State Department Federal Credit Union's average total fees were $8,639, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 245 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 339 | $69,835,000 | $206,003 |
| 7-8% | 313 | $54,835,000 | $175,192 |
| 6-7% | 111 | $30,275,000 | $272,748 |
| 5-6% | 71 | $28,975,000 | $408,099 |
| 4-5% | 3 | $1,835,000 | $611,667 |
During 2024, State Department Federal Credit Union's average interest rate for loans was 6.00%, while their most frequently originated rate bucket for loans was Over 8%, with 339 originations.
Loan Sizing
2024 saw State Department Federal Credit Union place emphasis on $100k-200k loans with 268 originations, totaling $38,240,000 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? $250k+, with 238 originations.
Applicant Debt to Income Ratio
State Department Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 143 originations. The next most common DTI ratio? 20-30%, with 132 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications73.62%
State Department Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination82.44%
State Department Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 837 | $185,755,000 | $221,930 |