State Department Federal Credit Union Mortgage Rates, Fees & Info

Alexandria, VA

LEI: 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 Purchase and Refi loans. State Department Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Washington, Baltimore, Miami, New York, and Seattle among others. We have data for 128 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 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 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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 5.86% 4/21/24
30 Year Conventional Purchase 5.93% 4/21/24
30 Year Conventional Refi 5.26% 4/21/24
30 Year Cash-out Refi 5.69% 4/21/24
15 Year Conventional Purchase 5.53% 4/21/24
15 Year Conventional Refi 5.85% 4/21/24
15 Year Cash-out Refi 5.85% 4/21/24
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

739

Origination Dollar Volume (All Markets)

$127,855,000

Awards

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

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) 355 $72,545,000 $204,352 $5,167 4.50%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 21 $3,065,000 $145,952 $4,632 4.38%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 15 $2,855,000 $190,333 $4,695 4.31%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 24 $2,710,000 $112,917 $1,317 5.47%
Outside of Metro Areas 12 $2,070,000 $172,500 $3,828 4.34%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 9 $1,745,000 $193,889 $4,172 4.85%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 7 $1,725,000 $246,429 $6,014 4.40%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 12 $1,590,000 $132,500 $2,333 5.52%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 6 $1,540,000 $256,667 $5,704 4.54%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 10 $1,490,000 $149,000 $6,535 4.23%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 7 $1,305,000 $186,429 $3,909 5.16%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 8 $1,020,000 $127,500 $4,752 4.66%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 4 $990,000 $247,500 $7,127 4.11%
RICHMOND, VA (FHA|USDA|VA) 9 $975,000 $108,333 $1,840 5.37%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 8 $970,000 $121,250 $710 5.99%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 6 $930,000 $155,000 $1,077 5.71%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 4 $920,000 $230,000 $5,360 3.40%
PITTSBURGH, PA (FHA|USDA|VA) 3 $915,000 $305,000 $11,956 3.92%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 4 $880,000 $220,000 $7,283 3.91%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 8 $870,000 $108,750 $3,230 4.72%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 4 $870,000 $217,500 $5,593 5.29%
RALEIGH-CARY, NC (FHA|USDA|VA) 4 $750,000 $187,500 $5,599 4.31%
RENO, NV (FHA|USDA|VA) 2 $730,000 $365,000 $9,225 3.56%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 5 $715,000 $143,000 $2,556 5.79%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 9 $685,000 $76,111 $1,907 5.02%
WINSTON-SALEM, NC (FHA|USDA|VA) 2 $660,000 $330,000 $4,064 4.55%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 6 $630,000 $105,000 $2,614 5.74%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 6 $610,000 $101,667 $1,758 4.73%
ST. GEORGE, UT (FHA|USDA|VA) 3 $605,000 $201,667 $3,836 4.11%
SALT LAKE CITY, UT (FHA|USDA|VA) 2 $590,000 $295,000 $6,670 3.81%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 3 $585,000 $195,000 $5,199 4.69%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 8 $580,000 $72,500 $2,363 5.82%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 2 $570,000 $285,000 $4,927 4.36%
ASHEVILLE, NC (FHA|USDA|VA) 4 $570,000 $142,500 $3,625 5.02%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $565,000 $565,000 $17,184 2.25%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $560,000 $280,000 $10,122 3.44%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 7 $555,000 $79,286 $1,466 4.88%
SALISBURY, MD-DE (FHA|USDA|VA) 3 $525,000 $175,000 $6,082 5.03%
Brookings, OR (FHA|USDA|VA) 1 $475,000 $475,000 $5,061 3.25%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 4 $450,000 $112,500 $4,159 3.29%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 2 $440,000 $220,000 $0 4.50%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $440,000 $220,000 $6,160 4.51%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 4 $420,000 $105,000 $0 4.94%
VALLEJO, CA (FHA|USDA|VA) 2 $410,000 $205,000 $1,089 5.25%
CLEVELAND, TN (FHA|USDA|VA) 1 $375,000 $375,000 $4,672 3.75%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 3 $375,000 $125,000 $5,078 4.13%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 2 $370,000 $185,000 $6,606 4.06%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $365,000 $365,000 $8,776 4.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 5 $345,000 $69,000 $1,057 5.13%
PROVO-OREM, UT (FHA|USDA|VA) 2 $330,000 $165,000 $3,872 5.66%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 3 $325,000 $108,333 $3,015 3.68%
BOULDER, CO (FHA|USDA|VA) 2 $320,000 $160,000 $0 4.25%
URBAN HONOLULU, HI (FHA|USDA|VA) 1 $315,000 $315,000 $12,012 2.25%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 2 $300,000 $150,000 $2,210 4.32%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 2 $290,000 $145,000 $1,360 5.09%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $275,000 $275,000 $0 3.99%
DOVER, DE (FHA|USDA|VA) 2 $270,000 $135,000 $3,784 5.30%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 2 $270,000 $135,000 $1,066 6.04%
WILMINGTON, NC (FHA|USDA|VA) 1 $265,000 $265,000 $7,324 3.38%
Pahrump, NV (FHA|USDA|VA) 1 $255,000 $255,000 $0 4.50%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $245,000 $245,000 $6,527 3.38%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $245,000 $245,000 $4,764 3.50%
Brainerd, MN (FHA|USDA|VA) 1 $225,000 $225,000 $7,220 3.25%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $225,000 $225,000 $4,742 3.00%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $215,000 $215,000 $3,519 3.13%
JACKSONVILLE, FL (FHA|USDA|VA) 3 $215,000 $71,667 $929 5.64%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $215,000 $215,000 $8,177 3.38%
KNOXVILLE, TN (FHA|USDA|VA) 2 $210,000 $105,000 $3,855 4.26%
KANSAS CITY, MO-KS (FHA|USDA|VA) 3 $205,000 $68,333 $849 6.86%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 3 $205,000 $68,333 $1,901 4.93%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $195,000 $195,000 $4,736 3.63%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 2 $190,000 $95,000 $1,443 5.57%
ROME, GA (FHA|USDA|VA) 1 $185,000 $185,000 $1,110 6.09%
Batavia, NY (FHA|USDA|VA) 1 $175,000 $175,000 $1,959 4.09%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 3 $165,000 $55,000 $1,030 5.78%
SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 1 $165,000 $165,000 $5,577 3.38%
YORK-HANOVER, PA (FHA|USDA|VA) 1 $165,000 $165,000 $5,780 4.50%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $165,000 $165,000 $1,213 5.54%
TUCSON, AZ (FHA|USDA|VA) 1 $155,000 $155,000 $3,572 4.50%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $155,000 $155,000 $5,241 3.13%
COLORADO SPRINGS, CO (FHA|USDA|VA) 3 $155,000 $51,667 $565 6.58%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 3 $155,000 $51,667 $944 5.98%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $135,000 $135,000 $4,101 3.50%
COLUMBIA, SC (FHA|USDA|VA) 1 $135,000 $135,000 $3,691 3.75%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $135,000 $135,000 $1,080 5.44%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $125,000 $125,000 $5,070 3.38%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $125,000 $125,000 $5,205 3.75%
FRESNO, CA (FHA|USDA|VA) 1 $115,000 $115,000 $0 4.00%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $115,000 $115,000 $3,215 4.00%
ROANOKE, VA (FHA|USDA|VA) 2 $110,000 $55,000 $754 6.59%
Torrington, CT (FHA|USDA|VA) 1 $105,000 $105,000 $689 4.54%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $105,000 $105,000 $2,970 4.50%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $105,000 $105,000 $1,030 7.44%
Richmond-Berea, KY (FHA|USDA|VA) 1 $105,000 $105,000 $1,120 7.54%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.50%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 2 $100,000 $50,000 $2,064 4.80%
SALEM, OR (FHA|USDA|VA) 1 $95,000 $95,000 $0 5.00%
Frankfort, KY (FHA|USDA|VA) 1 $85,000 $85,000 $1,128 7.24%
LOUISVILLE, KY (FHA|USDA|VA) 1 $85,000 $85,000 $0 5.25%
GAINESVILLE, FL (FHA|USDA|VA) 1 $85,000 $85,000 $3,762 2.38%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $85,000 $85,000 $1,064 5.39%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $75,000 $75,000 $3,685 3.00%
STATE COLLEGE, PA (FHA|USDA|VA) 1 $75,000 $75,000 $1,030 7.44%
SPRINGFIELD, IL (FHA|USDA|VA) 1 $65,000 $65,000 $1,015 7.24%
OCEAN CITY, NJ (FHA|USDA|VA) 1 $65,000 $65,000 $839 6.99%
Kalispell, MT (FHA|USDA|VA) 1 $65,000 $65,000 $2,792 3.88%
JACKSONVILLE, NC (FHA|USDA|VA) 1 $65,000 $65,000 $1,134 5.34%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $65,000 $65,000 $1,873 4.09%
Pullman, WA (FHA|USDA|VA) 1 $55,000 $55,000 $583 8.00%
Barre, VT (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.50%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $55,000 $55,000 $593 5.29%
CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $55,000 $55,000 $3,179 3.50%
Sevierville, TN (FHA|USDA|VA) 1 $55,000 $55,000 $1,277 7.44%
SANTA FE, NM (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.25%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.50%
SUMTER, SC (FHA|USDA|VA) 1 $55,000 $55,000 $1,247 6.89%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $55,000 $55,000 $0 6.50%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.50%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 2 $50,000 $25,000 $961 7.05%
BOISE CITY, ID (FHA|USDA|VA) 2 $50,000 $25,000 $563 7.00%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $45,000 $45,000 $564 6.59%
STOCKTON, CA (FHA|USDA|VA) 1 $45,000 $45,000 $578 5.84%
BLOOMINGTON, IN (FHA|USDA|VA) 1 $45,000 $45,000 $1,099 6.94%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $45,000 $45,000 $0 4.50%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 3 $35,000 $11,667 $555 4.80%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $35,000 $35,000 $560 4.24%
WORCESTER, MA-CT (FHA|USDA|VA) 1 $25,000 $25,000 $742 5.34%
Bozeman, MT (FHA|USDA|VA) 1 $25,000 $25,000 $612 4.44%
State Department Federal Credit Union's top markets include Washington, Baltimore, Miami, New York, and Seattle among others.

Their top states include:
  • Virginia (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • District of Columbia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • California (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.

    NYMEO FEDERAL CREDIT UNION
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 525 $104,945,000 $199,895 $4,348 4.70%
    HELOC 214 $22,910,000 $107,056 n/a 4.69%

    For 2019, State Department Federal Credit Union's most frequently originated type of loan was Conventional, with 525 originations. Their 2nd most popular type was HELOC, with 214 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 255 $23,855,000 $93,549 $809 5.24%
    Other 197 $16,075,000 $81,599 $867 5.65%
    Home Purchase 136 $45,150,000 $331,985 $8,400 3.46%
    Refi 110 $30,940,000 $281,273 $6,273 3.75%
    Cash Out Refi 41 $11,835,000 $288,659 $7,532 3.38%

    For 2019, State Department Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 255 originations. The 2nd most popular reason was Other, with 197 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 231 $23,895,000 $103,442 $715 4.70%
    30 Year 171 $63,765,000 $372,895 $8,631 3.53%
    20 Year 126 $14,660,000 $116,349 $1,675 5.51%
    15 Year 98 $17,540,000 $178,980 $4,754 4.00%
    10 Year 92 $7,180,000 $78,043 $1,067 6.50%
    5 Year 21 $815,000 $38,810 $672 4.61%

    For 2019, State Department Federal Credit Union's most frequently cited loan duration was Other, with 231 originations. The 2nd most popular length was 30 Year, with 171 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 268 $21,350,000 $79,664
    $5k+ 128 $51,620,000 $403,281
    $1k-2k 56 $17,280,000 $308,571
    $4k-5k 30 $7,660,000 $255,333
    $2k-3k 21 $2,985,000 $142,143
    $3k-4k 20 $3,900,000 $195,000

    State Department Federal Credit Union's average total fees were $8,631, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 268 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 205 $58,265,000 $284,220
    4-5% 199 $27,835,000 $139,874
    5-6% 125 $10,185,000 $81,480
    6-7% 97 $7,145,000 $73,660
    7-8% 47 $3,505,000 $74,574
    2.5-3% 42 $14,410,000 $343,095
    <2.5% 24 $6,510,000 $271,250

    During 2019, State Department Federal Credit Union's average interest rate for loans was 3.53%, while their most frequently originated rate bucket for loans was 3-4%, with 205 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 332 $17,830,000 $53,705 $920 5.40%
    $100k-200k 174 $23,870,000 $137,184 $2,954 4.81%
    $200k-400k 153 $42,485,000 $277,680 $7,197 3.74%
    $400k-600k 59 $29,135,000 $493,814 $10,357 3.33%
    $600k-1MM 21 $14,535,000 $692,143 $12,487 3.51%

    2019 saw State Department Federal Credit Union place emphasis on $100,000 or less loans with 332 originations, totaling $17,830,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 249 $37,725,000 $151,506 $3,913 4.66%
    $150k-250k 232 $51,300,000 $221,121 $5,340 4.68%
    $75k-100k 113 $14,745,000 $130,487 $4,155 4.73%
    $50k-75k 72 $6,870,000 $95,417 $3,050 4.95%
    $250k+ 55 $15,805,000 $287,364 $5,568 4.47%
    $50k or less 17 $1,335,000 $78,529 $2,521 4.98%

    State Department Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 249 originations. The second most popular income band? $150k-250k, with 232 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 174 $36,060,000 $207,241 $5,391 4.23%
    30-36% 145 $25,945,000 $178,931 $4,565 4.63%
    <20% 55 $10,125,000 $184,091 $5,110 3.76%
    40% 39 $5,905,000 $151,410 $3,106 5.15%
    39% 36 $7,680,000 $213,333 $5,790 4.66%
    37% 35 $8,295,000 $237,000 $5,715 4.59%
    38% 35 $4,705,000 $134,429 $2,868 4.91%
    45% 33 $3,535,000 $107,121 $905 5.51%
    44% 30 $3,070,000 $102,333 $824 5.43%
    41% 28 $5,360,000 $191,429 $5,603 4.88%
    36% 26 $4,870,000 $187,308 $4,785 4.68%
    42% 24 $4,220,000 $175,833 $4,783 4.70%
    43% 21 $2,725,000 $129,762 $2,037 5.53%
    46% 17 $1,705,000 $100,294 $1,084 5.84%
    47% 16 $1,380,000 $86,250 $849 6.10%
    48% 11 $935,000 $85,000 $793 5.03%
    49% 7 $375,000 $53,571 $558 5.21%
    50-60% 5 $705,000 $141,000 $820 5.66%

    State Department Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 174 originations. The next most common DTI ratio? 30-36%, with 145 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 408 $67,230,000 $164,779 $3,886 4.85%
    Not provided 162 $37,540,000 $231,728 $6,029 4.12%
    Black 131 $16,235,000 $123,931 $3,073 5.00%
    Asian 28 $5,470,000 $195,357 $5,187 4.60%
    Not applicable 3 $485,000 $161,667 $5,310 3.50%
    American Indian 2 $310,000 $155,000 $0 5.00%
    Native Hawaiian or Islander 1 $225,000 $225,000 $6,757 3.88%
    Other Pacific Islander 1 $205,000 $205,000 $5,180 3.00%
    Asian Indian 2 $100,000 $50,000 $1,533 4.45%
    Other Asian 1 $55,000 $55,000 $0 5.50%

    Approval Rates

    Total approvals of all applications
    77.23%

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

    Pick Rate

    Approvals leading to origination
    60.89%

    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 739 $127,855,000 $173,011

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $235,000 $235,000
    Single Family (1-4 Units):Site-Built 738 $127,620,000 $172,927

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 173 $23,155,000 $133,844 $2,213 5.17%
    40-60% 63 $15,535,000 $246,587 $5,801 4.15%
    60-80% 121 $40,215,000 $332,355 $7,662 3.48%
    80-100% 88 $30,020,000 $341,136 $8,424 3.58%
    Under 20% 294 $18,930,000 $64,388 $749 5.37%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Statewide Mortgage, LLC VA mortgage Closing on a mortgage 1 100.0%