State Department Federal Credit Union Mortgage Rates, Fees & Info
Alexandria, VALEI: 254900EZRN0CBEP77K34
Tax ID: 53-0197045
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Mortgage Data
Review & Overview
State Department Federal Credit Union is a smaller credit union specializing in Refi and Home Purchase loans. State Department Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Washington, Miami, New York, Baltimore, and Orlando among others. We have data for 109 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 5.86% | 12/16/24 |
| 30 Year Conventional Purchase | 5.93% | 12/16/24 |
| 30 Year Conventional Refi | 5.26% | 12/16/24 |
| 30 Year Cash-out Refi | 5.69% | 12/16/24 |
| 15 Year Conventional Purchase | 5.53% | 12/16/24 |
| 15 Year Conventional Refi | 5.85% | 12/16/24 |
| 15 Year Cash-out Refi | 5.85% | 12/16/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
590Origination Dollar Volume (All Markets)
$134,660,000Top 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) | 321 | $89,085,000 | $277,523 | $6,273 | 3.71% |
| Outside of Metro Areas | 14 | $3,080,000 | $220,000 | $5,467 | 3.96% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 12 | $2,880,000 | $240,000 | $8,026 | 3.70% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 10 | $2,260,000 | $226,000 | $5,285 | 4.40% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 17 | $1,805,000 | $106,176 | $2,507 | 4.66% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 5 | $1,595,000 | $319,000 | $6,836 | 4.18% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 6 | $1,580,000 | $263,333 | $9,156 | 3.43% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 5 | $1,425,000 | $285,000 | $7,508 | 3.66% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 6 | $1,260,000 | $210,000 | $7,866 | 4.15% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 3 | $1,245,000 | $415,000 | $6,215 | 3.17% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 8 | $1,230,000 | $153,750 | $2,561 | 4.74% |
| RICHMOND, VA (FHA|USDA|VA) | 10 | $1,210,000 | $121,000 | $2,607 | 4.10% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 4 | $1,040,000 | $260,000 | $4,888 | 4.15% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 8 | $990,000 | $123,750 | $1,850 | 4.46% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 3 | $945,000 | $315,000 | $7,824 | 3.08% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 5 | $905,000 | $181,000 | $5,300 | 3.33% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 4 | $880,000 | $220,000 | $7,873 | 3.40% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 5 | $835,000 | $167,000 | $3,062 | 4.17% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 4 | $830,000 | $207,500 | $10,579 | 3.84% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 5 | $805,000 | $161,000 | $5,070 | 4.52% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $6,501 | 3.63% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 8 | $780,000 | $97,500 | $992 | 4.85% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $9,146 | 3.33% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $7,550 | 3.13% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $7,517 | 4.61% |
| TUCSON, AZ (FHA|USDA|VA) | 5 | $635,000 | $127,000 | $2,871 | 4.73% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 4 | $610,000 | $152,500 | $2,087 | 4.14% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $6,347 | 2.96% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $6,271 | 3.13% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 4 | $530,000 | $132,500 | $3,758 | 4.14% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $15,066 | 3.00% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $10,267 | 3.25% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $13,416 | 2.63% |
| Torrington, CT (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $8,804 | 2.75% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $1,325 | 3.89% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $4,609 | 3.93% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 3 | $385,000 | $128,333 | $6,937 | 3.70% |
| ANN ARBOR, MI (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $7,571 | 3.25% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $8,292 | 3.38% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 3.99% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $4,906 | 3.72% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $7,452 | 3.00% |
| PROVO-OREM, UT (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $6,705 | 3.13% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 3 | $275,000 | $91,667 | $3,024 | 3.63% |
| LAS CRUCES, NM (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $8,221 | 3.00% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 4 | $250,000 | $62,500 | $958 | 4.48% |
| Cambridge, MD (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $6,547 | 3.25% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 4.75% |
| Brainerd, MN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $6,506 | 3.00% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $3,622 | 3.72% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,013 | 3.25% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,794 | 2.50% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,306 | 2.75% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $765 | 5.14% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 3 | $195,000 | $65,000 | $769 | 5.32% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,870 | 3.38% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $6,379 | 3.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $778 | 4.17% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $820 | 4.69% |
| Brevard, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,689 | 3.25% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,913 | 3.63% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,011 | 4.00% |
| Cambridge, OH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $1,749 | 3.64% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,933 | 3.25% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 4.37% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,062 | 2.38% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 3.99% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 3.99% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $999 | 4.82% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $1,516 | 3.24% |
| Whitewater, WI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 3.99% |
| AKRON, OH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,700 | 2.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,166 | 6.44% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 3.99% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,142 | 6.59% |
| Centralia, WA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,709 | 3.19% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $974 | 5.49% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $935 | 3.67% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $1,067 | 6.89% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,581 | 2.75% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $1,075 | 4.19% |
| ROME, GA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,113 | 6.94% |
| MERCED, CA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $3,252 | 2.63% |
| CHICO, CA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 3.99% |
| Marion, NC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 3.99% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 3.99% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $571 | 4.59% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 3.99% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 3.99% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 3.99% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 3.99% |
| WHEELING, WV-OH (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $965 | 2.94% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $785 | 4.61% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $294 | 4.04% |
| NILES, MI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $771 | 3.74% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $745 | 3.19% |
| Lewisburg, PA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $606 | 5.54% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $566 | 5.04% |
| ROCHESTER, NY (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $742 | 5.29% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $577 | 3.69% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $571 | 7.75% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 3.99% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $559 | 5.44% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $565 | 3.74% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 3.99% |
| DOVER, DE (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 3.99% |
| HAMMOND, LA (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 3.99% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 3.99% |
| STAUNTON, VA (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $568 | 4.49% |
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.
Similarity Rank: 1100
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 424 | $114,780,000 | $270,708 | $5,411 | 3.80% |
| HELOC | 166 | $19,880,000 | $119,759 | n/a | 4.05% |
For 2020, State Department Federal Credit Union's most frequently originated type of loan was Conventional, with 424 originations. Their 2nd most popular type was HELOC, with 166 originations.
Loan Reason
For 2020, State Department Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 181 originations. The 2nd most popular reason was Refi, with 150 originations.
Loan Duration/Length
For 2020, State Department Federal Credit Union's most frequently cited loan duration was 30 Year, with 177 originations. The 2nd most popular length was Other, with 176 originations.
Origination Fees/Closing Costs
State Department Federal Credit Union's average total fees were $8,861, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 163 originations.
Interest Rates
During 2020, State Department Federal Credit Union's average interest rate for loans was 3.25%, while their most frequently originated rate bucket for loans was 3-4%, with 333 originations.
Loan Sizing
2020 saw State Department Federal Credit Union place emphasis on $100,000 or less loans with 196 originations, totaling $10,350,000 in origination value.
Applicant Income
State Department Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 201 originations. The second most popular income band? $100k-150k, with 181 originations.
Applicant Debt to Income Ratio
State Department Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 145 originations. The next most common DTI ratio? 30-36%, with 110 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications73.05%
State Department Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination56.27%
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 | 590 | $134,660,000 | $228,237 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 1 | $345,000 | $345,000 |
| Single Family (1-4 Units):Site-Built | 589 | $134,315,000 | $228,039 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Statewide Mortgage, LLC | VA mortgage | Closing on a mortgage | 1 | 100.0% |