State Department Federal Credit Union Mortgage Rates, Fees & Info
Alexandria, VALEI: 254900EZRN0CBEP77K34
Tax ID: 53-0197045
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
State Department Federal Credit Union is a smaller credit union specializing in Home Improvement, Refi, and Home Purchase loans. State Department Federal Credit Union has a high proportion of conventional loans. Their top markets include Washington, Baltimore, Los Angeles, New York, and Tampa among others. State Department Federal Credit Union has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. State Department Federal Credit Union is typically a high fee lendor.Originations
675Origination Dollar Volume (All Markets)
$134,205,000Awards
State Department Federal Credit Union - 2021
State Department Federal Credit Union is a 2021 , due to their low .
For 2021, 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 rate mortgage of loans were
2.98%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.17%.
Relative Fees
State Department Federal Credit Union's average total fees for a 30 year fixed rate
mortgage are $8,277.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 353 | $74,265,000 | $210,382 | $5,032 | 3.70% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 28 | $3,560,000 | $127,143 | $2,832 | 4.05% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 11 | $3,245,000 | $295,000 | $4,787 | 4.06% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 7 | $2,385,000 | $340,714 | $9,007 | 3.37% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 13 | $2,145,000 | $165,000 | $4,306 | 3.80% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 8 | $2,100,000 | $262,500 | $7,826 | 3.53% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 9 | $1,875,000 | $208,333 | $6,114 | 3.65% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 4 | $1,660,000 | $415,000 | $8,677 | 2.94% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 8 | $1,640,000 | $205,000 | $1,119 | 4.12% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 9 | $1,585,000 | $176,111 | $3,662 | 3.73% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 8 | $1,490,000 | $186,250 | $4,104 | 3.89% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 5 | $1,375,000 | $275,000 | $6,930 | 3.05% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 2 | $1,260,000 | $630,000 | $15,456 | 3.43% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 8 | $1,240,000 | $155,000 | $5,014 | 4.06% |
| Outside of Metro Areas | 8 | $1,200,000 | $150,000 | $3,835 | 3.72% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $1,125,000 | $1,125,000 | $16,935 | 2.88% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 5 | $1,075,000 | $215,000 | $6,670 | 3.39% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 5 | $1,025,000 | $205,000 | $2,736 | 4.96% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 5 | $1,025,000 | $205,000 | $4,511 | 4.61% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 4 | $920,000 | $230,000 | $4,971 | 3.53% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 3 | $915,000 | $305,000 | $7,114 | 3.62% |
| Easton, MD (FHA|USDA|VA) | 1 | $905,000 | $905,000 | $15,826 | 2.38% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 5 | $905,000 | $181,000 | $2,946 | 4.08% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 4 | $830,000 | $207,500 | $7,107 | 3.62% |
| ASHEVILLE, NC (FHA|USDA|VA) | 4 | $820,000 | $205,000 | $5,716 | 2.90% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 5 | $815,000 | $163,000 | $6,385 | 3.34% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $5,543 | 3.70% |
| BOISE CITY, ID (FHA|USDA|VA) | 4 | $730,000 | $182,500 | $4,602 | 3.42% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 5 | $725,000 | $145,000 | $4,358 | 4.14% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 6 | $680,000 | $113,333 | $1,998 | 4.25% |
| RICHMOND, VA (FHA|USDA|VA) | 6 | $600,000 | $100,000 | $1,083 | 4.32% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $9,048 | 3.19% |
| BELLINGHAM, WA (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $5,158 | 2.93% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $6,848 | 3.66% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 4 | $540,000 | $135,000 | $4,845 | 3.31% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $8,746 | 2.88% |
| LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $4,928 | 2.88% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $7,628 | 3.38% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $0 | 3.99% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $4,837 | 3.45% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 4 | $450,000 | $112,500 | $4,282 | 3.53% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $4,231 | 3.13% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $7,869 | 2.38% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $3,804 | 3.62% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $3,225 | 3.53% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $6,240 | 3.13% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $9,565 | 3.88% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $4,814 | 3.43% |
| PROVO-OREM, UT (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $7,401 | 2.63% |
| ANN ARBOR, MI (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $7,635 | 3.00% |
| LAS CRUCES, NM (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $8,040 | 3.13% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $7,760 | 3.75% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $1,121 | 4.59% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 3.99% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 4 | $310,000 | $77,500 | $825 | 4.15% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $8,197 | 2.38% |
| Show Low, AZ (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $7,177 | 2.50% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 3 | $295,000 | $98,333 | $3,241 | 4.04% |
| COLUMBUS, OH (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $1,047 | 4.27% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $4,013 | 3.62% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 3 | $285,000 | $95,000 | $718 | 5.99% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $7,349 | 2.75% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $7,974 | 2.75% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $6,737 | 2.88% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $3,356 | 3.86% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $6,651 | 2.75% |
| TYLER, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $7,661 | 2.63% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $6,194 | 2.88% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $6,639 | 2.38% |
| FRESNO, CA (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $1,180 | 3.69% |
| PITTSFIELD, MA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 3.99% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 3.99% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 3.99% |
| London, KY (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,245 | 3.25% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $894 | 4.54% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $2,724 | 3.43% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,838 | 2.88% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,813 | 2.88% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,716 | 2.88% |
| BOULDER, CO (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 3.99% |
| FARMINGTON, NM (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,153 | 2.88% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 3 | $145,000 | $48,333 | $574 | 4.34% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $1,360 | 4.99% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 3.99% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $981 | 4.59% |
| TWIN FALLS, ID (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,701 | 2.64% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,372 | 6.34% |
| SUMTER, SC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,416 | 6.09% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $1,345 | 4.54% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 3.99% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,011 | 2.88% |
| Richmond-Berea, KY (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,095 | 6.09% |
| HARRISONBURG, VA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,154 | 4.59% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $1,095 | 4.39% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $1,149 | 6.04% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $1,056 | 5.09% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $595 | 4.59% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 3.99% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 3.99% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $853 | 2.89% |
| MUSKEGON, MI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 3.99% |
| RENO, NV (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $568 | 4.64% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 3.99% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 3.99% |
| Henderson, NC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $3,103 | 3.13% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $610 | 3.24% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $845 | 2.64% |
| DOVER, DE (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $825 | 3.39% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $600 | 5.04% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,100 | 4.39% |
| Danville, VA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $830 | 2.64% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 3.99% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $572 | 4.54% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 3.99% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 3.99% |
| JOHNSTOWN, PA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $550 | 3.54% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $825 | 4.89% |
| SIOUX CITY, IA-NE-SD (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $576 | 4.19% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $753 | 3.34% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $737 | 4.59% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 3.99% |
State Department Federal Credit Union's top markets include Washington, Baltimore, Los Angeles, New York, and Tampa among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 675 | $134,205,000 | $198,822 | $4,680 | 3.75% |
For the 2021 period, State Department Federal Credit Union's most frequently originated loan type of loans were Conventional, with 675 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Improvement | 292 | $32,720,000 | $112,055 | $868 | 4.13% |
| Refi | 134 | $41,190,000 | $307,388 | $6,372 | 3.12% |
| Other | 117 | $12,495,000 | $106,795 | $901 | 4.43% |
| Home Purchase | 89 | $32,295,000 | $362,865 | $8,008 | 2.94% |
| Cash Out Refi | 43 | $15,505,000 | $360,581 | $7,610 | 2.91% |
For the 2021, State Department Federal Credit Union's most frequently cited loan purpose of loans were Home Improvement, with 292 originations. The 2nd most popular reason of loans were Refi, with 134 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 276 | $34,940,000 | $126,594 | $789 | 3.97% |
| 30 Year | 144 | $58,110,000 | $403,542 | $8,277 | 2.98% |
| 20 Year | 109 | $14,885,000 | $136,560 | $1,819 | 4.25% |
| 15 Year | 97 | $23,005,000 | $237,165 | $5,215 | 3.17% |
| 10 Year | 34 | $2,590,000 | $76,176 | $1,059 | 5.22% |
| 5 Year | 15 | $675,000 | $45,000 | $607 | 3.75% |
For the 2021, State Department Federal Credit Union's most frequently cited loan length of loans were Other, with 276 originations. The 2nd most popular length of loans were 30 Year, with 144 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 186 | $16,260,000 | $87,419 |
| $5k+ | 117 | $56,715,000 | $484,744 |
| $3k-4k | 68 | $16,700,000 | $245,588 |
| $1k-2k | 31 | $8,455,000 | $272,742 |
| $2k-3k | 16 | $2,300,000 | $143,750 |
$8,277 of loans were State Department Federal Credit Union's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 186 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 326 | $51,740,000 | $158,712 |
| 2.5-3% | 143 | $52,275,000 | $365,559 |
| 4-5% | 104 | $9,630,000 | $92,596 |
| <2.5% | 54 | $16,420,000 | $304,074 |
| 5-6% | 28 | $2,530,000 | $90,357 |
| 6-7% | 16 | $1,400,000 | $87,500 |
| 7-8% | 3 | $155,000 | $51,667 |
| Over 8% | 1 | $55,000 | $55,000 |
During 2021, State Department Federal Credit Union's average interest rate of loans were 2.98%, while their most frequently originated rate bucket of loans were 3-4%, with 326 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 259 | $14,485,000 | $55,927 | $846 | 4.26% |
| $200k-400k | 177 | $49,145,000 | $277,655 | $6,196 | 3.37% |
| $100k-200k | 148 | $20,890,000 | $141,149 | $3,044 | 3.85% |
| $400k-600k | 71 | $34,625,000 | $487,676 | $8,952 | 2.86% |
| $600k-1MM | 19 | $13,935,000 | $733,421 | $13,586 | 2.77% |
| $1MM+ | 1 | $1,125,000 | $1,125,000 | $16,935 | 2.88% |
2021 saw State Department Federal Credit Union place emphasis on $100,000 or less loans with 259 originations, totaling $14,485,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $150k-250k | 233 | $50,755,000 | $217,833 | $5,153 | 3.74% |
| $100k-150k | 224 | $42,530,000 | $189,866 | $4,890 | 3.72% |
| $250k+ | 87 | $24,805,000 | $285,115 | $5,355 | 3.79% |
| $75k-100k | 72 | $9,300,000 | $129,167 | $3,325 | 3.82% |
| $50k-75k | 47 | $5,255,000 | $111,809 | $3,267 | 3.79% |
| $50k or less | 11 | $1,405,000 | $127,727 | $2,148 | 3.63% |
State Department Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 233 originations. The second most popular income band? $100k-150k, with 224 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 162 | $38,310,000 | $236,481 | $5,484 | 3.49% |
| 30-36% | 120 | $27,760,000 | $231,333 | $5,440 | 3.70% |
| <20% | 82 | $15,710,000 | $191,585 | $5,183 | 3.16% |
| 45% | 38 | $4,610,000 | $121,316 | $982 | 4.20% |
| 42% | 35 | $8,795,000 | $251,286 | $5,573 | 3.69% |
| 40% | 27 | $4,135,000 | $153,148 | $3,613 | 4.01% |
| 44% | 25 | $3,065,000 | $122,600 | $895 | 4.30% |
| 39% | 22 | $3,110,000 | $141,364 | $3,560 | 4.04% |
| 46% | 21 | $2,875,000 | $136,905 | $969 | 4.43% |
| 37% | 21 | $4,155,000 | $197,857 | $3,586 | 4.17% |
| 36% | 19 | $3,525,000 | $185,526 | $4,526 | 3.62% |
| 38% | 18 | $5,440,000 | $302,222 | $6,797 | 3.54% |
| 43% | 17 | $1,875,000 | $110,294 | $1,531 | 4.42% |
| 41% | 17 | $3,935,000 | $231,471 | $4,592 | 3.94% |
| 47% | 16 | $2,760,000 | $172,500 | $992 | 4.35% |
| 49% | 13 | $1,525,000 | $117,308 | $921 | 3.99% |
| 48% | 11 | $1,385,000 | $125,909 | $1,217 | 4.25% |
| 50-60% | 11 | $1,235,000 | $112,273 | $890 | 4.06% |
State Department Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 162 originations. The next most common DTI ratio? 30-36%, with 120 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 346 | $68,680,000 | $198,497 | $4,809 | 3.75% |
| Not provided | 176 | $39,380,000 | $223,750 | $5,305 | 3.59% |
| Black | 109 | $16,605,000 | $152,339 | $3,430 | 3.96% |
| Asian | 32 | $6,890,000 | $215,313 | $4,439 | 3.91% |
| Native Hawaiian | 3 | $1,095,000 | $365,000 | $5,161 | 3.41% |
| Asian Indian | 2 | $610,000 | $305,000 | $0 | 3.99% |
| Other Asian | 2 | $410,000 | $205,000 | $1,092 | 4.19% |
| American Indian | 3 | $355,000 | $118,333 | $6,737 | 3.62% |
| Guamanian | 1 | $125,000 | $125,000 | $1,706 | 3.54% |
| Chinese | 1 | $55,000 | $55,000 | $836 | 2.84% |
Approval Rates
Total approvals of all applications76.54%
State Department Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination63.17%
State Department Federal Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 675 | $134,205,000 | $198,822 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 675 | $134,205,000 | $198,822 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 159 | $27,255,000 | $171,415 | $2,162 | 4.12% |
| 40-60% | 76 | $22,530,000 | $296,447 | $6,620 | 3.08% |
| 60-80% | 113 | $45,615,000 | $403,673 | $8,171 | 2.86% |
| 80-100% | 53 | $19,065,000 | $359,717 | $7,872 | 3.06% |
| Under 20% | 274 | $19,740,000 | $72,044 | $875 | 4.22% |
