Usalliance Federal Credit Union Mortgage Rates, Fees & Info
Rye, NYLEI: 254900NZOY3XB2DNSZ34
Tax ID: 13-6256810
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Mortgage Data
Review & Overview
Usalliance Federal Credit Union is a smaller credit union specializing in Home Purchase loans. Usalliance Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: New York, Boston, Bridgeport, Barnstable Town, and Miami among others. We have data for 44 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. 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 7.08% | 4/18/24 |
| 30 Year Conventional Purchase | 6.08% | 4/18/24 |
| 30 Year Conventional Refi | 6.00% | 4/18/24 |
| 30 Year Cash-out Refi | 6.13% | 4/18/24 |
| 15 Year Conventional Purchase | 5.82% | 4/18/24 |
| 15 Year Conventional Refi | 6.50% | 4/18/24 |
| 15 Year Cash-out Refi | 6.50% | 4/18/24 |
| 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
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This is not an official calculator from Usalliance Federal Credit Union. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,008Origination Dollar Volume (All Markets)
$265,870,000Top 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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 408 | $127,140,000 | $311,618 | $0 | 5.73% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 298 | $61,840,000 | $207,517 | $0 | 5.79% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 102 | $42,790,000 | $419,510 | $0 | 6.02% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 10 | $4,010,000 | $401,000 | $0 | 5.98% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 15 | $3,645,000 | $243,000 | $0 | 6.05% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 12 | $3,200,000 | $266,667 | $0 | 5.61% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 8 | $2,990,000 | $373,750 | $0 | 5.50% |
| Outside of Metro Areas | 25 | $2,615,000 | $104,600 | $0 | 5.02% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 11 | $2,365,000 | $215,000 | $0 | 5.96% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 13 | $1,885,000 | $145,000 | $0 | 4.84% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 8 | $1,690,000 | $211,250 | $0 | 6.69% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 10 | $1,160,000 | $116,000 | $0 | 5.96% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 16 | $1,110,000 | $69,375 | $0 | 5.78% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $970,000 | $485,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 4 | $910,000 | $227,500 | $0 | 6.75% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 10 | $850,000 | $85,000 | $0 | 6.01% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 5 | $645,000 | $129,000 | $0 | 6.08% |
| Vineyard Haven, MA (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $0 | 0.00% |
| Concord, NH (FHA|USDA|VA) | 4 | $470,000 | $117,500 | $0 | 6.75% |
| KINGSTON, NY (FHA|USDA|VA) | 6 | $460,000 | $76,667 | $0 | 6.50% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 4.75% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $0 | 4.75% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 3 | $385,000 | $128,333 | $0 | 6.17% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $0 | 5.38% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 4 | $340,000 | $85,000 | $0 | 6.00% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $0 | 6.00% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| READING, PA (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $0 | 5.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 6.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 3 | $185,000 | $61,667 | $0 | 5.94% |
| Laconia, NH (FHA|USDA|VA) | 3 | $185,000 | $61,667 | $0 | 6.38% |
| Lebanon, NH-VT (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 5.38% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $0 | 5.25% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 4.75% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 5.00% |
| Torrington, CT (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 7.25% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 4.75% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 6.75% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 5.00% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 6.50% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 6.25% |
Similar Lenders
We use machine learning to identify the top lenders compared against USAlliance 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 |
|---|---|---|---|---|---|
| HELOC | 571 | $66,195,000 | $115,928 | n/a | 5.79% |
| Conventional | 437 | $199,675,000 | $456,922 | $0 | 0.00% |
For 2018, Usalliance Federal Credit Union's most frequently originated type of loan was HELOC, with 571 originations. Their 2nd most popular type was Conventional, with 437 originations.
Loan Reason
For 2018, Usalliance Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 509 originations. The 2nd most popular reason was Home Improvement, with 208 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 570 | $66,070,000 | $115,912 | $0 | 5.79% |
| Other | 437 | $199,675,000 | $456,922 | $0 | 0.00% |
| 3 Year | 1 | $125,000 | $125,000 | $0 | 4.50% |
For 2018, Usalliance Federal Credit Union's most frequently cited loan duration was 30 Year, with 570 originations. The 2nd most popular length was Other, with 437 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 232 | $24,690,000 | $106,422 |
| 5-6% | 174 | $17,680,000 | $101,609 |
| 4-5% | 150 | $21,830,000 | $145,533 |
| 7-8% | 15 | $1,995,000 | $133,000 |
During 2018, Usalliance Federal Credit Union's average interest rate for loans was 5.79%, while their most frequently originated rate bucket for loans was 6-7%, with 232 originations.
Loan Sizing
2018 saw Usalliance Federal Credit Union place emphasis on $100,000 or less loans with 431 originations, totaling $26,105,000 in origination value.
Applicant Income
Usalliance Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 376 originations. The second most popular income band? $250k+, with 355 originations.
Applicant Debt to Income Ratio
Usalliance Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 437 originations. The next most common DTI ratio? 20-30%, with 143 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications78.02%
Usalliance Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination72.52%
Usalliance Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 437 | $199,675,000 | $456,922 |
| NA | 571 | $66,195,000 | $115,928 |