State Department Federal Credit Union Mortgage Rates, Fees & Info

Alexandria, VA

LEI: 254900EZRN0CBEP77K34

Tax ID: 53-0197045

5 stars - Updated: 4/14/24 - out of 5 stars, based on 27 reviews

Latest/2023 | 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, New York, Boston, Baltimore, and Los Angeles among others. We have data for 149 markets. (Some data included below & more in-depth data is available with an active subscription.)

State Department 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. State Department Federal Credit Union is typically a high 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 relatively high 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) 5.86% 4/14/24
30 Year Conventional Purchase 5.93% 4/14/24
30 Year Conventional Refi 5.26% 4/14/24
30 Year Cash-out Refi 5.69% 4/14/24
15 Year Conventional Purchase 5.53% 4/14/24
15 Year Conventional Refi 5.85% 4/14/24
15 Year Cash-out Refi 5.85% 4/14/24
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

752

Origination Dollar Volume (All Markets)

$155,970,000

Awards

State Department Federal Credit Union 30 Year Conventional Loans silver State Department Federal Credit Union 30 Year Conventional Loans silver
Show all (2) awards

Relative Rate

State Department Federal Credit Union's average 30 year fixed mortgage rate was 6.15%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.33%.

Relative Fees (Closing Costs)

State Department Federal Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $9,027.

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 $9,089.

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) 277 $58,515,000 $211,245 $4,090 7.24%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 31 $9,825,000 $316,935 $3,176 7.43%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 30 $7,440,000 $248,000 $1,680 7.68%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 25 $3,915,000 $156,600 $1,664 7.70%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 17 $3,675,000 $216,176 $1,245 7.47%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 22 $3,660,000 $166,364 $1,635 7.47%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 13 $3,245,000 $249,615 $2,250 7.94%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 11 $3,035,000 $275,909 $4,336 7.38%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 13 $2,995,000 $230,385 $1,305 7.55%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 8 $2,180,000 $272,500 $4,986 6.88%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 11 $2,175,000 $197,727 $4,076 7.41%
SALISBURY, MD-DE (FHA|USDA|VA) 6 $2,050,000 $341,667 $5,712 6.96%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 8 $1,880,000 $235,000 $770 7.90%
RICHMOND, VA (FHA|USDA|VA) 11 $1,875,000 $170,455 $2,554 7.54%
Outside of Metro Areas 16 $1,680,000 $105,000 $2,526 7.40%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 7 $1,525,000 $217,857 $1,680 7.59%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 6 $1,450,000 $241,667 $5,682 7.10%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 7 $1,385,000 $197,857 $3,580 6.85%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 7 $1,305,000 $186,429 $565 7.39%
WORCESTER, MA-CT (FHA|USDA|VA) 4 $1,220,000 $305,000 $1,656 7.50%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 6 $1,110,000 $185,000 $3,785 6.97%
ROCHESTER, NY (FHA|USDA|VA) 6 $1,080,000 $180,000 $1,530 7.86%
ASHEVILLE, NC (FHA|USDA|VA) 4 $1,060,000 $265,000 $4,311 6.70%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 2 $1,010,000 $505,000 $1,626 8.28%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 4 $940,000 $235,000 $3,482 7.86%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $895,000 $298,333 $8,933 5.88%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 2 $860,000 $430,000 $10,407 6.31%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 3 $855,000 $285,000 $1,148 7.57%
RALEIGH-CARY, NC (FHA|USDA|VA) 5 $845,000 $169,000 $2,308 7.35%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 5 $825,000 $165,000 $0 6.75%
WINCHESTER, VA-WV (FHA|USDA|VA) 2 $800,000 $400,000 $5,876 7.19%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 5 $795,000 $159,000 $929 7.54%
TULSA, OK (FHA|USDA|VA) 3 $785,000 $261,667 $7,549 6.84%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 8 $720,000 $90,000 $1,018 7.34%
Key West, FL (FHA|USDA|VA) 1 $705,000 $705,000 $17,871 5.63%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 3 $705,000 $235,000 $1,368 7.30%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 2 $680,000 $340,000 $1,342 7.78%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 2 $660,000 $330,000 $2,939 7.80%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 3 $635,000 $211,667 $4,074 6.83%
URBAN HONOLULU, HI (FHA|USDA|VA) 2 $630,000 $315,000 $5,988 6.78%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 4 $580,000 $145,000 $2,534 7.56%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 4 $560,000 $140,000 $1,244 7.70%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 3 $535,000 $178,333 $4,032 7.20%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 2 $530,000 $265,000 $1,528 7.90%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $515,000 $515,000 $13,289 5.88%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $505,000 $505,000 $1,310 7.40%
Brookings, OR (FHA|USDA|VA) 1 $485,000 $485,000 $13,292 5.00%
COLORADO SPRINGS, CO (FHA|USDA|VA) 2 $460,000 $230,000 $1,294 7.78%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $455,000 $455,000 $1,139 8.05%
JACKSONVILLE, FL (FHA|USDA|VA) 4 $450,000 $112,500 $3,601 6.79%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 3 $445,000 $148,333 $1,310 7.18%
LANCASTER, PA (FHA|USDA|VA) 3 $435,000 $145,000 $1,079 7.60%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 2 $410,000 $205,000 $1,395 7.63%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 3 $405,000 $135,000 $7,267 7.08%
Plymouth, IN (FHA|USDA|VA) 1 $405,000 $405,000 $1,280 8.80%
PROVO-OREM, UT (FHA|USDA|VA) 2 $390,000 $195,000 $1,348 8.28%
BEND, OR (FHA|USDA|VA) 1 $385,000 $385,000 $11,598 5.75%
COLUMBUS, OH (FHA|USDA|VA) 3 $385,000 $128,333 $1,322 6.75%
Laconia, NH (FHA|USDA|VA) 1 $385,000 $385,000 $10,327 6.75%
Bozeman, MT (FHA|USDA|VA) 1 $365,000 $365,000 $5,422 6.13%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 2 $360,000 $180,000 $581 7.25%
KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 1 $345,000 $345,000 $1,728 7.95%
ST. LOUIS, MO-IL (FHA|USDA|VA) 3 $345,000 $115,000 $1,416 8.02%
READING, PA (FHA|USDA|VA) 1 $335,000 $335,000 $9,900 6.50%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 2 $320,000 $160,000 $4,536 5.69%
GAINESVILLE, FL (FHA|USDA|VA) 3 $315,000 $105,000 $1,325 7.76%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $315,000 $315,000 $7,436 6.88%
Vineyard Haven, MA (FHA|USDA|VA) 1 $305,000 $305,000 $1,760 8.05%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $305,000 $305,000 $9,877 5.88%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $295,000 $295,000 $4,820 6.75%
MADISON, WI (FHA|USDA|VA) 2 $290,000 $145,000 $1,145 7.63%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $285,000 $285,000 $1,331 7.25%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $285,000 $285,000 $9,785 6.88%
SPRINGFIELD, MA (FHA|USDA|VA) 1 $285,000 $285,000 $1,660 8.40%
WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 1 $285,000 $285,000 $5,178 5.88%
PITTSBURGH, PA (FHA|USDA|VA) 2 $280,000 $140,000 $1,175 7.50%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 2 $280,000 $140,000 $1,360 7.58%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $275,000 $275,000 $1,629 8.35%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $275,000 $275,000 $1,367 7.95%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 3 $265,000 $88,333 $609 7.67%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $265,000 $265,000 $0 6.75%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $260,000 $130,000 $614 7.53%
RENO, NV (FHA|USDA|VA) 1 $255,000 $255,000 $7,600 5.50%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $245,000 $245,000 $8,326 6.00%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $245,000 $245,000 $0 7.25%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $235,000 $235,000 $0 8.00%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $235,000 $235,000 $0 7.50%
FRESNO, CA (FHA|USDA|VA) 2 $230,000 $115,000 $594 7.00%
ITHACA, NY (FHA|USDA|VA) 1 $215,000 $215,000 $0 7.25%
SALT LAKE CITY, UT (FHA|USDA|VA) 1 $215,000 $215,000 $0 9.75%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $215,000 $215,000 $0 7.25%
GOLDSBORO, NC (FHA|USDA|VA) 1 $215,000 $215,000 $6,269 7.13%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $205,000 $205,000 $7,210 5.75%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $205,000 $205,000 $1,085 7.15%
KINGSTON, NY (FHA|USDA|VA) 1 $195,000 $195,000 $0 8.25%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 2 $190,000 $95,000 $1,229 7.68%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $185,000 $185,000 $0 7.00%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $185,000 $185,000 $6,758 5.75%
AKRON, OH (FHA|USDA|VA) 2 $180,000 $90,000 $1,140 7.00%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $175,000 $175,000 $0 5.75%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 2 $160,000 $80,000 $0 8.13%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 2 $160,000 $80,000 $605 7.03%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $155,000 $155,000 $0 6.75%
CORVALLIS, OR (FHA|USDA|VA) 1 $155,000 $155,000 $0 6.75%
Oak Harbor, WA (FHA|USDA|VA) 1 $155,000 $155,000 $0 6.75%
YAKIMA, WA (FHA|USDA|VA) 1 $155,000 $155,000 $0 7.00%
CHICO, CA (FHA|USDA|VA) 1 $155,000 $155,000 $0 6.75%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $155,000 $155,000 $0 7.25%
NILES, MI (FHA|USDA|VA) 1 $155,000 $155,000 $0 6.75%
Cullman, AL (FHA|USDA|VA) 1 $155,000 $155,000 $1,615 7.90%
COLUMBIA, SC (FHA|USDA|VA) 1 $145,000 $145,000 $0 7.50%
COLUMBIA, MO (FHA|USDA|VA) 1 $145,000 $145,000 $1,349 7.55%
YORK-HANOVER, PA (FHA|USDA|VA) 1 $135,000 $135,000 $0 7.00%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $135,000 $135,000 $1,436 7.40%
SYRACUSE, NY (FHA|USDA|VA) 2 $130,000 $65,000 $1,359 7.50%
Brevard, NC (FHA|USDA|VA) 1 $125,000 $125,000 $1,184 6.20%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $120,000 $60,000 $810 6.80%
Cadillac, MI (FHA|USDA|VA) 1 $115,000 $115,000 $3,638 6.38%
MEDFORD, OR (FHA|USDA|VA) 1 $115,000 $115,000 $0 7.50%
GREENVILLE, NC (FHA|USDA|VA) 1 $115,000 $115,000 $5,046 5.63%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $115,000 $115,000 $3,923 5.50%
Thomasville, GA (FHA|USDA|VA) 1 $105,000 $105,000 $1,540 7.55%
WILMINGTON, NC (FHA|USDA|VA) 1 $105,000 $105,000 $830 7.55%
WICHITA, KS (FHA|USDA|VA) 1 $105,000 $105,000 $1,291 7.95%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $105,000 $105,000 $0 6.75%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $105,000 $105,000 $0 8.25%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $105,000 $105,000 $0 7.25%
ROANOKE, VA (FHA|USDA|VA) 1 $95,000 $95,000 $655 7.45%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $95,000 $95,000 $1,321 7.25%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $85,000 $85,000 $0 9.00%
JOHNSON CITY, TN (FHA|USDA|VA) 1 $85,000 $85,000 $0 7.50%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $85,000 $85,000 $1,380 8.55%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $75,000 $75,000 $1,440 7.25%
BELLINGHAM, WA (FHA|USDA|VA) 1 $75,000 $75,000 $0 6.75%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $75,000 $75,000 $1,377 7.55%
Kill Devil Hills, NC (FHA|USDA|VA) 1 $65,000 $65,000 $0 6.75%
Juneau, AK (FHA|USDA|VA) 1 $65,000 $65,000 $1,983 9.10%
Shelton, WA (FHA|USDA|VA) 1 $65,000 $65,000 $1,348 7.55%
BATON ROUGE, LA (FHA|USDA|VA) 1 $55,000 $55,000 $570 7.55%
WHEELING, WV-OH (FHA|USDA|VA) 1 $55,000 $55,000 $0 6.50%
LYNCHBURG, VA (FHA|USDA|VA) 1 $55,000 $55,000 $555 7.75%
LEWISTON-AUBURN, ME (FHA|USDA|VA) 1 $45,000 $45,000 $0 6.75%
Sevierville, TN (FHA|USDA|VA) 1 $45,000 $45,000 $0 9.50%
Logansport, IN (FHA|USDA|VA) 1 $35,000 $35,000 $1,153 7.55%
Cambridge, MD (FHA|USDA|VA) 1 $35,000 $35,000 $1,143 8.70%
ERIE, PA (FHA|USDA|VA) 1 $35,000 $35,000 $0 8.25%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $25,000 $25,000 $0 6.50%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 1 $15,000 $15,000 $555 7.00%
Butte-Silver Bow, MT (FHA|USDA|VA) 1 $15,000 $15,000 $0 7.50%
State Department Federal Credit Union's top markets include Washington, New York, Boston, Baltimore, and Los Angeles among others.

Their top states include:
  • Virginia (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)
  • 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.

    IDB Global Federal Credit Union
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 416 $100,490,000 $241,563 $3,381 7.25%
    HELOC 336 $55,480,000 $165,119 n/a 7.44%

    For 2023, State Department Federal Credit Union's most frequently originated type of loan was Conventional, with 416 originations. Their 2nd most popular type was HELOC, with 336 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 452 $81,520,000 $180,354 $1,176 7.54%
    Other 144 $17,470,000 $121,319 $760 7.73%
    Home Purchase 110 $45,390,000 $412,636 $8,908 6.15%
    Refi 31 $7,835,000 $252,742 $3,386 7.20%
    Cash Out Refi 15 $3,755,000 $250,333 $6,753 6.00%

    For 2023, State Department Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 452 originations. The 2nd most popular reason was Other, with 144 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 343 $56,155,000 $163,717 $814 7.43%
    20 Year 232 $45,770,000 $197,284 $1,292 7.81%
    30 Year 109 $47,295,000 $433,899 $9,027 6.15%
    15 Year 28 $3,600,000 $128,571 $2,836 6.93%
    10 Year 27 $2,455,000 $90,926 $1,070 7.43%
    5 Year 13 $695,000 $53,462 $566 6.82%

    For 2023, State Department Federal Credit Union's most frequently cited loan duration was Other, with 343 originations. The 2nd most popular length was 20 Year, with 232 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 287 $48,395,000 $168,624
    $5k+ 58 $29,740,000 $512,759
    $1k-2k 32 $12,500,000 $390,625
    $4k-5k 14 $4,460,000 $318,571
    $3k-4k 11 $3,165,000 $287,727
    $2k-3k 8 $1,330,000 $166,250

    State Department Federal Credit Union's average total fees were $9,027, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 287 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    7-8% 340 $59,170,000 $174,029
    6-7% 195 $43,655,000 $223,872
    Over 8% 147 $26,895,000 $182,959
    5-6% 66 $24,700,000 $374,242
    4-5% 4 $1,550,000 $387,500

    During 2023, State Department Federal Credit Union's average interest rate for loans was 6.15%, while their most frequently originated rate bucket for loans was 7-8%, with 340 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 250 $34,260,000 $137,040 $1,471 7.42%
    $100,000 or less 211 $13,245,000 $62,773 $883 7.54%
    $200k-400k 195 $54,135,000 $277,615 $4,666 7.22%
    $400k-600k 72 $35,120,000 $487,778 $5,398 7.11%
    $600k-1MM 21 $15,755,000 $750,238 $12,040 6.11%
    $1MM+ 3 $3,455,000 $1,151,667 $24,120 5.75%

    2023 saw State Department Federal Credit Union place emphasis on $100k-200k loans with 250 originations, totaling $34,260,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 269 $54,675,000 $203,253 $3,179 7.28%
    $100k-150k 200 $30,930,000 $154,650 $3,523 7.26%
    $250k+ 179 $58,795,000 $328,464 $3,688 7.49%
    $75k-100k 58 $7,570,000 $130,517 $3,702 7.30%
    $50k-75k 34 $2,760,000 $81,176 $2,272 7.49%
    $50k or less 7 $585,000 $83,571 $2,418 6.78%

    State Department Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 269 originations. The second most popular income band? $100k-150k, with 200 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 156 $36,520,000 $234,103 $4,185 7.16%
    30-36% 124 $28,070,000 $226,371 $3,762 7.20%
    <20% 49 $10,785,000 $220,102 $4,264 7.21%
    50-60% 47 $8,295,000 $176,489 $1,199 7.50%
    46% 34 $5,880,000 $172,941 $898 7.59%
    37% 33 $7,535,000 $228,333 $2,917 7.26%
    41% 30 $8,020,000 $267,333 $7,511 7.03%
    45% 30 $4,290,000 $143,000 $1,086 7.87%
    44% 29 $4,025,000 $138,793 $830 7.60%
    39% 29 $5,305,000 $182,931 $3,383 7.18%
    42% 29 $6,015,000 $207,414 $3,824 7.32%
    38% 28 $7,640,000 $272,857 $3,998 7.24%
    36% 27 $5,035,000 $186,481 $2,514 7.42%
    47% 24 $3,580,000 $149,167 $878 7.59%
    43% 24 $4,160,000 $173,333 $877 7.79%
    48% 23 $2,925,000 $127,174 $996 7.73%
    40% 22 $5,870,000 $266,818 $6,084 7.09%
    49% 14 $2,020,000 $144,286 $738 7.58%

    State Department Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 156 originations. The next most common DTI ratio? 30-36%, with 124 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 401 $89,425,000 $223,005 $3,461 7.35%
    Not provided 184 $38,620,000 $209,891 $3,759 7.16%
    Black 120 $16,110,000 $134,250 $1,881 7.54%
    Asian 33 $9,695,000 $293,788 $5,346 7.28%
    American Indian 7 $1,185,000 $169,286 $4,795 7.38%
    Filipino 3 $455,000 $151,667 $1,377 7.40%
    Other Pacific Islander 1 $235,000 $235,000 $0 7.75%
    Asian Indian 2 $170,000 $85,000 $628 6.53%
    Vietnamese 1 $75,000 $75,000 $631 8.35%

    Approval Rates

    Total approvals of all applications
    69.71%

    State Department Federal Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    77.13%

    State Department Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 752 $155,970,000 $207,407

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    752 $155,970,000 $207,407

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 285 $59,945,000 $210,333 $1,230 7.58%
    40-60% 56 $15,630,000 $279,107 $4,210 7.05%
    60-80% 64 $25,820,000 $403,438 $9,306 6.24%
    80-100% 49 $21,685,000 $442,551 $8,911 6.30%
    Under 20% 298 $32,890,000 $110,369 $951 7.55%