Usalliance Federal Credit Union Mortgage Rates, Fees & Info

Rye, NY

LEI: 254900NZOY3XB2DNSZ34

Tax ID: 13-6256810

1 stars - Updated: 6/17/24 - out of 5 stars, based on 31 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Usalliance Federal Credit Union is a smaller credit union specializing in Home Improvement and Home Purchase loans. Usalliance Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: New York, Boston, Chicago, Bridgeport, and Los Angeles among others. We have data for 147 markets. (Some data included below & more in-depth data is available with an active subscription.)

Usalliance 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. Usalliance 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 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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 7.08% 6/17/24
30 Year Conventional Purchase 6.08% 6/17/24
30 Year Conventional Refi 6.00% 6/17/24
30 Year Cash-out Refi 6.13% 6/17/24
15 Year Conventional Purchase 5.82% 6/17/24
15 Year Conventional Refi 6.50% 6/17/24
15 Year Cash-out Refi 6.50% 6/17/24
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.

Usalliance 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 Usalliance 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

947

Origination Dollar Volume (All Markets)

$291,845,000

Relative Rate

Usalliance Federal Credit Union's average 30 year fixed mortgage rate was 9.03%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 2.55%.

Relative Fees (Closing Costs)

Usalliance Federal Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $7,473.

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
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 222 $86,290,000 $388,694 $5,077 8.64%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 66 $27,100,000 $410,606 $6,001 8.45%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 55 $21,945,000 $399,000 $6,215 8.80%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 31 $13,265,000 $427,903 $7,806 8.42%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 37 $10,535,000 $284,730 $4,173 9.39%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 23 $8,925,000 $388,043 $9,467 9.18%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 32 $8,180,000 $255,625 $3,379 8.99%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 30 $7,620,000 $254,000 $2,509 8.87%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 22 $7,490,000 $340,455 $4,601 9.09%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 16 $7,250,000 $453,125 $5,485 8.95%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 22 $6,490,000 $295,000 $5,063 9.28%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 23 $4,675,000 $203,261 $4,178 9.77%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 19 $4,115,000 $216,579 $4,863 9.17%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 6 $4,090,000 $681,667 $10,351 8.38%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 16 $3,530,000 $220,625 $2,489 9.34%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 6 $3,200,000 $533,333 $8,371 7.58%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 12 $3,080,000 $256,667 $4,719 9.03%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 10 $2,930,000 $293,000 $2,439 9.69%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 10 $2,840,000 $284,000 $5,002 9.33%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 12 $2,640,000 $220,000 $3,861 8.88%
COLUMBUS, OH (FHA|USDA|VA) 9 $2,615,000 $290,556 $1,945 9.32%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 11 $2,225,000 $202,273 $4,245 8.90%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 5 $1,745,000 $349,000 $7,549 8.93%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 6 $1,730,000 $288,333 $6,846 9.17%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 4 $1,530,000 $382,500 $6,133 8.59%
Outside of Metro Areas 13 $1,515,000 $116,538 $2,191 9.02%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 8 $1,500,000 $187,500 $2,333 9.48%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 2 $1,490,000 $745,000 $4,103 7.25%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 3 $1,465,000 $488,333 $8,095 9.04%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 7 $1,235,000 $176,429 $0 9.34%
RALEIGH-CARY, NC (FHA|USDA|VA) 6 $1,220,000 $203,333 $0 9.21%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $1,200,000 $600,000 $6,752 7.38%
RICHMOND, VA (FHA|USDA|VA) 6 $1,160,000 $193,333 $1,213 9.40%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 8 $1,150,000 $143,750 $1,569 9.06%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 10 $1,030,000 $103,000 $2,548 9.30%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 4 $1,010,000 $252,500 $3,973 9.56%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 6 $980,000 $163,333 $4,345 7.81%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 4 $970,000 $242,500 $3,019 8.84%
JACKSONVILLE, FL (FHA|USDA|VA) 4 $920,000 $230,000 $0 9.50%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 3 $895,000 $298,333 $0 8.92%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 5 $885,000 $177,000 $2,812 9.85%
KANSAS CITY, MO-KS (FHA|USDA|VA) 4 $880,000 $220,000 $0 8.84%
REDDING, CA (FHA|USDA|VA) 3 $845,000 $281,667 $3,465 9.83%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 4 $780,000 $195,000 $3,322 9.13%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 3 $765,000 $255,000 $0 9.92%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 2 $700,000 $350,000 $6,282 9.94%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 3 $685,000 $228,333 $0 9.96%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 3 $625,000 $208,333 $3,039 9.08%
PITTSBURGH, PA (FHA|USDA|VA) 3 $615,000 $205,000 $1,977 9.71%
WORCESTER, MA-CT (FHA|USDA|VA) 2 $580,000 $290,000 $0 9.56%
STOCKTON, CA (FHA|USDA|VA) 2 $550,000 $275,000 $1,157 9.06%
ASHEVILLE, NC (FHA|USDA|VA) 2 $550,000 $275,000 $0 9.25%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 2 $530,000 $265,000 $5,381 8.50%
KINGSTON, NY (FHA|USDA|VA) 4 $520,000 $130,000 $0 8.75%
OCEAN CITY, NJ (FHA|USDA|VA) 1 $505,000 $505,000 $0 7.75%
Alexander City, AL (FHA|USDA|VA) 1 $505,000 $505,000 $0 10.25%
BEND, OR (FHA|USDA|VA) 1 $505,000 $505,000 $0 9.50%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 2 $490,000 $245,000 $0 9.63%
BATON ROUGE, LA (FHA|USDA|VA) 2 $480,000 $240,000 $0 8.81%
Steamboat Springs, CO (FHA|USDA|VA) 2 $450,000 $225,000 $5,822 8.69%
Durango, CO (FHA|USDA|VA) 1 $445,000 $445,000 $6,272 8.63%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 2 $430,000 $215,000 $3,324 8.81%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 2 $430,000 $215,000 $3,815 9.38%
SAVANNAH, GA (FHA|USDA|VA) 1 $385,000 $385,000 $6,710 9.13%
FOND DU LAC, WI (FHA|USDA|VA) 1 $365,000 $365,000 $0 10.75%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 3 $365,000 $121,667 $2,238 9.42%
OKLAHOMA CITY, OK (FHA|USDA|VA) 3 $355,000 $118,333 $2,635 9.08%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 1 $355,000 $355,000 $2,568 8.88%
Sonora, CA (FHA|USDA|VA) 2 $330,000 $165,000 $2,449 9.06%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 1 $325,000 $325,000 $5,475 8.63%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $325,000 $325,000 $5,514 8.63%
BURLINGTON, NC (FHA|USDA|VA) 1 $315,000 $315,000 $0 9.25%
Concord, NH (FHA|USDA|VA) 2 $310,000 $155,000 $0 10.63%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $305,000 $305,000 $0 9.00%
Traverse City, MI (FHA|USDA|VA) 1 $305,000 $305,000 $0 10.00%
DAYTON-KETTERING, OH (FHA|USDA|VA) 3 $305,000 $101,667 $0 9.92%
NAPA, CA (FHA|USDA|VA) 1 $305,000 $305,000 $0 9.25%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $295,000 $295,000 $5,842 6.00%
Lebanon, NH-VT (FHA|USDA|VA) 2 $290,000 $145,000 $3,709 8.81%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $285,000 $285,000 $0 9.00%
AKRON, OH (FHA|USDA|VA) 1 $275,000 $275,000 $5,348 9.38%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 2 $270,000 $135,000 $0 10.00%
TOLEDO, OH (FHA|USDA|VA) 2 $260,000 $130,000 $5,231 8.38%
KNOXVILLE, TN (FHA|USDA|VA) 1 $255,000 $255,000 $0 9.25%
SPRINGFIELD, MO (FHA|USDA|VA) 1 $255,000 $255,000 $1,557 8.38%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $255,000 $255,000 $0 9.00%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $255,000 $255,000 $0 9.00%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $225,000 $225,000 $1,271 8.88%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 2 $220,000 $110,000 $2,612 9.38%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $215,000 $215,000 $0 9.63%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 2 $210,000 $105,000 $2,372 9.56%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $205,000 $205,000 $0 8.00%
STATE COLLEGE, PA (FHA|USDA|VA) 1 $205,000 $205,000 $0 9.00%
Ruston, LA (FHA|USDA|VA) 1 $195,000 $195,000 $0 10.75%
Las Vegas, NM (FHA|USDA|VA) 1 $195,000 $195,000 $0 8.63%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $185,000 $185,000 $0 9.00%
Bozeman, MT (FHA|USDA|VA) 1 $175,000 $175,000 $0 10.38%
Richmond-Berea, KY (FHA|USDA|VA) 1 $165,000 $165,000 $3,062 8.63%
JOPLIN, MO (FHA|USDA|VA) 1 $165,000 $165,000 $0 9.38%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 2 $160,000 $80,000 $0 9.56%
Wapakoneta, OH (FHA|USDA|VA) 1 $155,000 $155,000 $0 10.25%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $155,000 $155,000 $0 10.50%
VALLEJO, CA (FHA|USDA|VA) 1 $145,000 $145,000 $0 9.75%
WICHITA, KS (FHA|USDA|VA) 1 $145,000 $145,000 $2,889 8.63%
COLUMBIA, SC (FHA|USDA|VA) 2 $130,000 $65,000 $1,073 8.88%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $125,000 $125,000 $3,012 8.13%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $125,000 $125,000 $0 9.63%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $125,000 $125,000 $0 9.00%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $125,000 $125,000 $0 8.00%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $125,000 $125,000 $0 11.75%
WILMINGTON, NC (FHA|USDA|VA) 1 $125,000 $125,000 $0 8.75%
Troy, AL (FHA|USDA|VA) 1 $125,000 $125,000 $0 11.25%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $125,000 $125,000 $0 9.75%
DECATUR, AL (FHA|USDA|VA) 1 $115,000 $115,000 $0 10.50%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $115,000 $115,000 $0 10.25%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $115,000 $115,000 $0 9.00%
Othello, WA (FHA|USDA|VA) 1 $115,000 $115,000 $2,620 8.63%
SALISBURY, MD-DE (FHA|USDA|VA) 1 $115,000 $115,000 $2,622 9.13%
JOHNSON CITY, TN (FHA|USDA|VA) 1 $105,000 $105,000 $0 9.00%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $105,000 $105,000 $0 9.00%
SPRINGFIELD, OH (FHA|USDA|VA) 1 $105,000 $105,000 $0 10.13%
CHICO, CA (FHA|USDA|VA) 1 $105,000 $105,000 $0 9.00%
TULSA, OK (FHA|USDA|VA) 1 $105,000 $105,000 $0 8.25%
EAST STROUDSBURG, PA (FHA|USDA|VA) 2 $100,000 $50,000 $592 10.06%
ROCKFORD, IL (FHA|USDA|VA) 1 $95,000 $95,000 $0 10.75%
Ada, OK (FHA|USDA|VA) 1 $95,000 $95,000 $0 10.75%
LANCASTER, PA (FHA|USDA|VA) 1 $95,000 $95,000 $0 10.75%
Sunbury, PA (FHA|USDA|VA) 1 $85,000 $85,000 $0 8.75%
COLUMBUS, GA-AL (FHA|USDA|VA) 1 $85,000 $85,000 $2,379 9.13%
TUCSON, AZ (FHA|USDA|VA) 1 $85,000 $85,000 $0 11.25%
YORK-HANOVER, PA (FHA|USDA|VA) 1 $75,000 $75,000 $0 9.75%
Bennington, VT (FHA|USDA|VA) 1 $75,000 $75,000 $0 9.38%
BATTLE CREEK, MI (FHA|USDA|VA) 1 $75,000 $75,000 $588 7.75%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $75,000 $75,000 $0 9.00%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $75,000 $75,000 $0 11.13%
ROCHESTER, NY (FHA|USDA|VA) 1 $65,000 $65,000 $0 11.00%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $65,000 $65,000 $0 11.25%
Lumberton, NC (FHA|USDA|VA) 1 $65,000 $65,000 $1,532 8.88%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $55,000 $55,000 $1,103 8.75%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $55,000 $55,000 $0 9.38%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $55,000 $55,000 $0 8.63%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $55,000 $55,000 $1,075 9.75%
Menomonie, WI (FHA|USDA|VA) 1 $55,000 $55,000 $2,112 9.13%
DOVER, DE (FHA|USDA|VA) 1 $45,000 $45,000 $0 12.00%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $35,000 $35,000 $845 7.50%
Klamath Falls, OR (FHA|USDA|VA) 1 $35,000 $35,000 $875 9.13%
SALT LAKE CITY, UT (FHA|USDA|VA) 1 $25,000 $25,000 $0 9.38%
Usalliance Federal Credit Union's top markets include New York, Boston, Chicago, Bridgeport, and Los Angeles among others.

Their top states include:
  • New York (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 629 $141,725,000 $225,318 n/a 9.50%
    Conventional 318 $150,120,000 $472,075 $4,699 7.89%

    For 2023, Usalliance Federal Credit Union's most frequently originated type of loan was HELOC, with 629 originations. Their 2nd most popular type was Conventional, with 318 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 555 $133,635,000 $240,784 $3,249 9.22%
    Cash Out Refi 176 $32,420,000 $184,205 $2,580 9.39%
    Home Purchase 159 $111,875,000 $703,616 $7,375 7.60%
    Other 42 $5,860,000 $139,524 $1,538 9.43%
    Refi 15 $8,055,000 $537,000 $4,848 7.25%

    For 2023, Usalliance Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 555 originations. The 2nd most popular reason was Cash Out Refi, with 176 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 750 $254,600,000 $339,467 $7,473 9.03%
    20 Year 165 $31,895,000 $193,303 $3,117 8.92%
    10 Year 20 $3,310,000 $165,500 $1,883 7.81%
    15 Year 7 $1,595,000 $227,857 $4,063 6.98%
    5 Year 5 $445,000 $89,000 $904 6.50%

    For 2023, Usalliance Federal Credit Union's most frequently cited loan duration was 30 Year, with 750 originations. The 2nd most popular length was 20 Year, with 165 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 133 $61,985,000 $466,053
    $1k-2k 85 $36,265,000 $426,647
    $2k-3k 50 $22,510,000 $450,200
    $3k-4k 20 $13,030,000 $651,500
    $4k-5k 18 $10,210,000 $567,222
    $5k+ 10 $5,930,000 $593,000

    Usalliance Federal Credit Union's average total fees were $7,473, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 133 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 766 $164,800,000 $215,144
    6-7% 79 $71,515,000 $905,253
    7-8% 71 $31,965,000 $450,211
    5-6% 30 $23,410,000 $780,333
    4-5% 1 $155,000 $155,000

    During 2023, Usalliance Federal Credit Union's average interest rate for loans was 9.03%, while their most frequently originated rate bucket for loans was Over 8%, with 766 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 274 $39,440,000 $143,942 $2,621 9.47%
    $200k-400k 267 $73,775,000 $276,311 $4,093 9.13%
    $100,000 or less 178 $11,960,000 $67,191 $1,261 9.31%
    $400k-600k 135 $64,165,000 $475,296 $6,783 8.68%
    $1MM+ 47 $63,945,000 $1,360,532 $8,249 6.62%
    $600k-1MM 46 $38,560,000 $838,261 $7,505 6.76%

    2023 saw Usalliance Federal Credit Union place emphasis on $100k-200k loans with 274 originations, totaling $39,440,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 445 $200,365,000 $450,258 $6,292 8.92%
    $150k-250k 272 $60,270,000 $221,581 $3,675 8.98%
    $100k-150k 154 $22,890,000 $148,636 $3,185 9.13%
    $75k-100k 44 $5,270,000 $119,773 $2,658 8.92%
    $50k-75k 22 $2,140,000 $97,273 $2,422 8.52%
    $50k or less 8 $590,000 $73,750 $1,483 9.20%

    Usalliance Federal Credit Union lent most frequently to those with incomes in the $250k+ range, with 445 originations. The second most popular income band? $150k-250k, with 272 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 172 $56,060,000 $325,930 $4,876 8.90%
    30-36% 166 $45,150,000 $271,988 $4,227 8.88%
    44% 91 $28,075,000 $308,516 $4,531 9.26%
    42% 62 $21,620,000 $348,710 $6,387 8.94%
    43% 58 $16,990,000 $292,931 $3,905 9.36%
    41% 56 $18,940,000 $338,214 $4,466 8.82%
    47% 52 $13,730,000 $264,038 $7,238 8.78%
    39% 51 $17,505,000 $343,235 $4,523 8.86%
    40% 42 $11,390,000 $271,190 $4,109 9.24%
    45% 38 $11,820,000 $311,053 $6,314 9.04%
    38% 34 $8,710,000 $256,176 $4,432 9.24%
    37% 32 $12,900,000 $403,125 $5,093 8.79%
    36% 29 $9,555,000 $329,483 $4,840 8.69%
    <20% 28 $10,130,000 $361,786 $4,434 8.74%
    46% 24 $5,290,000 $220,417 $2,658 8.91%
    48% 8 $2,800,000 $350,000 $2,940 8.72%
    49% 3 $1,105,000 $368,333 $5,152 6.79%
    50-60% 1 $75,000 $75,000 $0 9.00%

    Usalliance Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 172 originations. The next most common DTI ratio? 30-36%, with 166 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 653 $203,205,000 $311,187 $4,799 8.95%
    Not provided 173 $50,345,000 $291,012 $4,730 8.99%
    Asian 57 $21,715,000 $380,965 $4,601 8.90%
    Black 57 $15,485,000 $271,667 $4,010 9.06%
    American Indian 6 $830,000 $138,333 $1,842 8.69%
    Asian Indian 1 $265,000 $265,000 $0 11.13%

    Approval Rates

    Total approvals of all applications
    83.47%

    Usalliance Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    62.62%

    Usalliance 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 947 $291,845,000 $308,178

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    947 $291,845,000 $308,178

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 399 $105,705,000 $264,925 $3,570 9.25%
    40-60% 63 $21,725,000 $344,841 $4,681 8.86%
    60-80% 53 $44,265,000 $835,189 $7,184 7.25%
    80-100% 66 $65,040,000 $985,455 $8,015 6.68%
    Under 20% 366 $55,110,000 $150,574 $2,205 9.32%