State Department Federal Credit Union Mortgage Rates, Fees & Info
Alexandria, VALEI: 254900EZRN0CBEP77K34
Tax ID: 53-0197045
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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 5.86% | 11/17/24 |
| 30 Year Conventional Purchase | 5.93% | 11/17/24 |
| 30 Year Conventional Refi | 5.26% | 11/17/24 |
| 30 Year Cash-out Refi | 5.69% | 11/17/24 |
| 15 Year Conventional Purchase | 5.53% | 11/17/24 |
| 15 Year Conventional Refi | 5.85% | 11/17/24 |
| 15 Year Cash-out Refi | 5.85% | 11/17/24 |
| 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
752Origination Dollar Volume (All Markets)
$155,970,000Awards
State Department Federal Credit Union - 2023
State Department Federal Credit Union is a 2023 , due to their low .
For 2023, 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
6.15%.
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% |
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 | 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
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
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
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
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
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
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
Approval Rates
Total approvals of all applications69.71%
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 origination77.13%
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 |