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, Cash Out Refi, and Refi loans. Usalliance Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: New York, Boston, Bridgeport, Chicago, and Phoenix among others. We have data for 63 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 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) | 7.08% | 4/21/24 |
| 30 Year Conventional Purchase | 6.08% | 4/21/24 |
| 30 Year Conventional Refi | 6.00% | 4/21/24 |
| 30 Year Cash-out Refi | 6.13% | 4/21/24 |
| 15 Year Conventional Purchase | 5.82% | 4/21/24 |
| 15 Year Conventional Refi | 6.50% | 4/21/24 |
| 15 Year Cash-out Refi | 6.50% | 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. | ||
Usalliance 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
1,171Origination Dollar Volume (All Markets)
$493,755,000Awards
USAlliance Federal Credit Union - 2020
USAlliance Federal Credit Union is a 2020 , due to their low .
For 2020, 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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 479 | $218,405,000 | $455,960 | $6,928 | 4.11% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 264 | $106,280,000 | $402,576 | $3,965 | 4.07% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 141 | $83,355,000 | $591,170 | $5,231 | 3.86% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 49 | $24,075,000 | $491,327 | $4,057 | 4.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 28 | $15,500,000 | $553,571 | $5,155 | 3.92% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 35 | $7,885,000 | $225,286 | $5,391 | 4.39% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 11 | $3,465,000 | $315,000 | $5,328 | 3.83% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 10 | $3,390,000 | $339,000 | $5,599 | 4.23% |
| Outside of Metro Areas | 19 | $2,145,000 | $112,895 | $3,876 | 4.16% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 7 | $1,865,000 | $266,429 | $3,988 | 3.75% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 9 | $1,535,000 | $170,556 | $2,759 | 4.10% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $1,285,000 | $1,285,000 | $4,072 | 3.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $1,240,000 | $620,000 | $5,313 | 4.19% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $1,205,000 | $1,205,000 | $10,462 | 4.25% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $1,195,000 | $1,195,000 | $5,800 | 3.13% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 15 | $1,155,000 | $77,000 | $1,678 | 4.73% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 10 | $1,140,000 | $114,000 | $4,421 | 4.15% |
| Laconia, NH (FHA|USDA|VA) | 1 | $1,135,000 | $1,135,000 | $3,494 | 3.13% |
| Torrington, CT (FHA|USDA|VA) | 5 | $1,125,000 | $225,000 | $4,112 | 4.08% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 3 | $1,115,000 | $371,667 | $5,226 | 3.29% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 4 | $1,110,000 | $277,500 | $3,110 | 5.06% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $975,000 | $975,000 | $5,087 | 3.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $855,000 | $855,000 | $8,525 | 3.13% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $825,000 | $825,000 | $4,442 | 3.25% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $0 | 5.25% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 4 | $770,000 | $192,500 | $3,892 | 4.25% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $5,647 | 3.88% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $3,267 | 4.54% |
| RICHMOND, VA (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $2,276 | 5.38% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $0 | 4.25% |
| KINGSTON, NY (FHA|USDA|VA) | 6 | $580,000 | $96,667 | $5,268 | 4.19% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $4,371 | 3.96% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $4,635 | 4.75% |
| ALEXANDRIA, LA (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 4.50% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 7 | $455,000 | $65,000 | $266 | 4.29% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 4.75% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,514 | 2.75% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 3 | $355,000 | $118,333 | $0 | 4.25% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 4.00% |
| Boone, NC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,274 | 3.13% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $0 | 6.13% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $1,549 | 4.25% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 4.13% |
| PITTSFIELD, MA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,232 | 3.75% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $0 | 4.88% |
| Lebanon, NH-VT (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $0 | 4.63% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,347 | 3.63% |
| Vineyard Haven, MA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 4.00% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 4.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 3 | $165,000 | $55,000 | $0 | 4.42% |
| Oneonta, NY (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,236 | 3.25% |
| BURLINGTON, NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,203 | 3.13% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 4.50% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,185 | 3.63% |
| JOPLIN, MO (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 4.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 5.25% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $0 | 4.25% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 4.13% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 6.00% |
| READING, PA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 4.13% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $60,000 | $30,000 | $0 | 4.00% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 5.63% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 4.50% |
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 | 603 | $87,285,000 | $144,751 | n/a | 4.70% |
| Conventional | 568 | $406,470,000 | $715,616 | $5,471 | 3.44% |
For 2020, Usalliance Federal Credit Union's most frequently originated type of loan was HELOC, with 603 originations. Their 2nd most popular type was Conventional, with 568 originations.
Loan Reason
For 2020, Usalliance Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 458 originations. The 2nd most popular reason was Cash Out Refi, with 289 originations.
Loan Duration/Length
For 2020, Usalliance Federal Credit Union's most frequently cited loan duration was 30 Year, with 1,090 originations. The 2nd most popular length was 20 Year, with 40 originations.
Origination Fees/Closing Costs
Usalliance Federal Credit Union's average total fees were $5,680, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 387 originations.
Interest Rates
During 2020, Usalliance Federal Credit Union's average interest rate for loans was 4.05%, while their most frequently originated rate bucket for loans was 3-4%, with 582 originations.
Loan Sizing
2020 saw Usalliance Federal Credit Union place emphasis on $100,000 or less loans with 294 originations, totaling $18,250,000 in origination value.
Applicant Income
Usalliance Federal Credit Union lent most frequently to those with incomes in the $250k+ range, with 534 originations. The second most popular income band? $150k-250k, with 393 originations.
Applicant Debt to Income Ratio
Usalliance Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 286 originations. The next most common DTI ratio? 30-36%, with 232 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.46%
Usalliance Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination66.70%
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 |
|---|---|---|---|
| 0.0 | 1 | $75,000 | $75,000 |
| 1956.58 | 1 | $135,000 | $135,000 |
| NA | 1,169 | $493,545,000 | $422,194 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 1,171 | $493,755,000 | $421,652 |