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 Home Improvement, 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, Baltimore, Los Angeles, New York, and Tampa among others. We have data for 121 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 an average 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% | 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
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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
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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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) | 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, KY (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% |
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 | 418 | $100,430,000 | $240,263 | $4,680 | 3.59% |
| HELOC | 257 | $33,775,000 | $131,420 | n/a | 4.01% |
For 2021, State Department Federal Credit Union's most frequently originated type of loan was Conventional, with 418 originations. Their 2nd most popular type was HELOC, with 257 originations.
Loan Reason
For 2021, State Department Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 292 originations. The 2nd most popular reason was Refi, with 134 originations.
Loan Duration/Length
For 2021, State Department Federal Credit Union's most frequently cited loan duration was Other, with 276 originations. The 2nd most popular length was 30 Year, with 144 originations.
Origination Fees/Closing Costs
State Department Federal Credit Union's average total fees were $8,277, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 186 originations.
Interest Rates
During 2021, State Department Federal Credit Union's average interest rate for loans was 2.98%, while their most frequently originated rate bucket for loans was 3-4%, with 326 originations.
Loan Sizing
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
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
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
Approval Rates
Total approvals of all applications77.01%
State Department Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination64.30%
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 |