Service Federal Credit Union Mortgage Rates, Fees & Info

Portsmouth, NH

LEI: 254900P7WLDQD9IUL038

Tax ID: 02-0240752

5 stars - Updated: 2/19/24 - out of 5 stars, based on 51 reviews

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

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Mortgage Data

Review & Overview

Service Federal Credit Union is a smaller credit union specializing in Home Improvement, Other, and Home Purchase loans. Service Federal Credit Union has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Boston, Lebanon, Manchester, Concord, and Portland among others. We have data for 168 markets. (Some data included below & more in-depth data is available with an active subscription.)

Service 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. Service 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.

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) 3.72% 2/19/24
30 Year Conventional Purchase 6.41% 2/19/24
30 Year Conventional Refi 6.46% 2/19/24
30 Year Cash-out Refi 6.62% 2/19/24
30 Year VA Purchase 5.80% 2/19/24
30 Year USDA Purchase 6.26% 2/19/24
15 Year Conventional Purchase 5.89% 2/19/24
15 Year Conventional Refi 5.71% 2/19/24
15 Year Cash-out Refi 5.71% 2/19/24
15 Year VA Purchase 5.55% 2/19/24
15 Year VA Refi 5.58% 2/19/24
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.

Service 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 Service 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

2,576

Origination Dollar Volume (All Markets)

$530,790,000
Show all (8) awards

Relative Rate

Service Federal Credit Union's average 30 year fixed mortgage rate was 4.36%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of -0.4%.

Relative Fees (Closing Costs)

Service Federal Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $4,781.

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 $4,750.

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
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 962 $180,850,000 $187,994 $2,101 3.30%
Lebanon, NH-VT (FHA|USDA|VA) 155 $51,035,000 $329,258 $2,805 3.32%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 262 $36,730,000 $140,191 $2,014 3.38%
Concord, NH (FHA|USDA|VA) 132 $26,330,000 $199,470 $2,259 3.40%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 134 $25,170,000 $187,836 $3,423 3.50%
Outside of Metro Areas 100 $20,480,000 $204,800 $2,805 3.46%
Keene, NH (FHA|USDA|VA) 156 $18,950,000 $121,474 $2,506 3.72%
GREENVILLE, NC (FHA|USDA|VA) 1 $12,705,000 $12,705,000 $0 4.50%
Laconia, NH (FHA|USDA|VA) 82 $12,300,000 $150,000 $2,079 3.07%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $10,255,000 $10,255,000 $0 4.50%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $9,005,000 $9,005,000 $0 4.50%
GOLDSBORO, NC (FHA|USDA|VA) 3 $8,545,000 $2,848,333 $0 3.58%
WILMINGTON, NC (FHA|USDA|VA) 1 $8,005,000 $8,005,000 $0 4.50%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 60 $7,800,000 $130,000 $1,757 3.21%
Berlin, NH (FHA|USDA|VA) 48 $6,710,000 $139,792 $1,879 3.42%
Sanford, NC (FHA|USDA|VA) 1 $6,505,000 $6,505,000 $0 4.50%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 22 $5,130,000 $233,182 $3,342 4.39%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 23 $4,065,000 $176,739 $3,568 3.32%
WORCESTER, MA-CT (FHA|USDA|VA) 14 $3,690,000 $263,571 $4,441 3.51%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 9 $3,255,000 $361,667 $3,770 3.62%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 21 $3,005,000 $143,095 $1,277 3.11%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 13 $2,795,000 $215,000 $4,395 3.52%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 11 $2,635,000 $239,545 $2,927 3.98%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 13 $2,065,000 $158,846 $1,894 4.57%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 4 $1,920,000 $480,000 $0 2.50%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 9 $1,735,000 $192,778 $8,794 3.79%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 7 $1,705,000 $243,571 $5,499 2.84%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 6 $1,610,000 $268,333 $6,579 3.77%
SPRINGFIELD, MA (FHA|USDA|VA) 8 $1,470,000 $183,750 $4,968 3.97%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 6 $1,400,000 $233,333 $7,991 4.54%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 6 $1,340,000 $223,333 $3,047 2.66%
COLORADO SPRINGS, CO (FHA|USDA|VA) 10 $1,330,000 $133,000 $4,366 4.47%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 7 $1,175,000 $167,857 $1,673 3.27%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 10 $1,170,000 $117,000 $3,786 3.08%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 6 $1,160,000 $193,333 $3,867 3.39%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 2 $1,140,000 $570,000 $9,053 4.19%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 7 $1,115,000 $159,286 $3,209 3.84%
HUNTSVILLE, AL (FHA|USDA|VA) 4 $1,110,000 $277,500 $7,116 4.59%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 3 $1,085,000 $361,667 $0 3.08%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 6 $1,040,000 $173,333 $1,768 4.00%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 5 $1,035,000 $207,000 $3,732 3.40%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 4 $1,020,000 $255,000 $7,606 4.00%
JACKSONVILLE, FL (FHA|USDA|VA) 4 $1,020,000 $255,000 $2,647 3.81%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 5 $1,015,000 $203,000 $2,533 3.85%
OKLAHOMA CITY, OK (FHA|USDA|VA) 5 $1,015,000 $203,000 $2,511 4.10%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 3 $1,005,000 $335,000 $5,713 4.38%
PITTSBURGH, PA (FHA|USDA|VA) 5 $985,000 $197,000 $4,855 4.28%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 3 $975,000 $325,000 $4,889 3.96%
FAYETTEVILLE, NC (FHA|USDA|VA) 4 $940,000 $235,000 $2,048 4.50%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 5 $845,000 $169,000 $4,349 4.02%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 4 $800,000 $200,000 $3,656 3.50%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 2 $720,000 $360,000 $10,332 3.31%
ST. LOUIS, MO-IL (FHA|USDA|VA) 3 $705,000 $235,000 $5,164 3.12%
KINGSTON, NY (FHA|USDA|VA) 2 $650,000 $325,000 $3,904 3.12%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 3 $635,000 $211,667 $6,019 3.54%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 3 $635,000 $211,667 $5,675 3.37%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 4 $590,000 $147,500 $5,699 3.78%
SUMTER, SC (FHA|USDA|VA) 3 $585,000 $195,000 $3,934 4.08%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 4 $570,000 $142,500 $7,485 2.94%
YUBA CITY, CA (FHA|USDA|VA) 1 $545,000 $545,000 $19,897 3.88%
SALINAS, CA (FHA|USDA|VA) 2 $540,000 $270,000 $2,008 4.44%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 5 $535,000 $107,000 $4,504 3.47%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $520,000 $260,000 $5,417 3.18%
RICHMOND, VA (FHA|USDA|VA) 4 $520,000 $130,000 $3,565 4.03%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 6 $510,000 $85,000 $496 4.18%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 5 $505,000 $101,000 $507 3.27%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 3 $485,000 $161,667 $12,128 3.33%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 2 $480,000 $240,000 $0 2.75%
BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 3 $475,000 $158,333 $7,452 3.20%
GRAND FORKS, ND-MN (FHA|USDA|VA) 2 $470,000 $235,000 $4,147 3.31%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $465,000 $465,000 $3,088 4.50%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 3 $445,000 $148,333 $6,170 3.71%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $445,000 $445,000 $2,956 3.00%
RALEIGH-CARY, NC (FHA|USDA|VA) 4 $440,000 $110,000 $860 3.78%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $435,000 $435,000 $87 6.13%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 3 $435,000 $145,000 $4,283 2.74%
MANHATTAN, KS (FHA|USDA|VA) 2 $410,000 $205,000 $5,230 4.00%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $410,000 $205,000 $490 3.94%
CHEYENNE, WY (FHA|USDA|VA) 2 $410,000 $205,000 $2,717 5.25%
Clarksburg, WV (FHA|USDA|VA) 1 $405,000 $405,000 $868 4.38%
DAYTON-KETTERING, OH (FHA|USDA|VA) 2 $400,000 $200,000 $16,068 4.06%
VALDOSTA, GA (FHA|USDA|VA) 3 $395,000 $131,667 $3,470 4.50%
COLUMBIA, SC (FHA|USDA|VA) 4 $380,000 $95,000 $2,248 3.59%
Gillette, WY (FHA|USDA|VA) 1 $375,000 $375,000 $4,128 3.25%
SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 1 $375,000 $375,000 $2,073 4.25%
STOCKTON, CA (FHA|USDA|VA) 2 $360,000 $180,000 $2,748 4.50%
UTICA-ROME, NY (FHA|USDA|VA) 1 $355,000 $355,000 $15,644 4.38%
BAKERSFIELD, CA (FHA|USDA|VA) 2 $350,000 $175,000 $511 3.93%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 3 $335,000 $111,667 $0 4.25%
Greeneville, TN (FHA|USDA|VA) 1 $315,000 $315,000 $3,121 4.63%
WICHITA, KS (FHA|USDA|VA) 3 $315,000 $105,000 $2,652 5.58%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $305,000 $305,000 $3,083 3.25%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $305,000 $305,000 $0 2.50%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 2 $290,000 $145,000 $1,628 4.75%
KANSAS CITY, MO-KS (FHA|USDA|VA) 4 $290,000 $72,500 $2,427 2.62%
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 1 $285,000 $285,000 $9,003 4.38%
Vineyard Haven, MA (FHA|USDA|VA) 2 $280,000 $140,000 $0 4.13%
Washington, NC (FHA|USDA|VA) 1 $275,000 $275,000 $8,824 3.75%
LAS CRUCES, NM (FHA|USDA|VA) 1 $275,000 $275,000 $388 6.13%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 2 $270,000 $135,000 $2,773 3.38%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $265,000 $265,000 $3,383 6.13%
LINCOLN, NE (FHA|USDA|VA) 1 $255,000 $255,000 $5,053 5.75%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 3 $255,000 $85,000 $2,765 4.54%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $255,000 $255,000 $4,893 6.38%
CHARLESTON, WV (FHA|USDA|VA) 1 $245,000 $245,000 $6,828 4.25%
PUEBLO, CO (FHA|USDA|VA) 1 $245,000 $245,000 $0 2.50%
Fort Polk South, LA (FHA|USDA|VA) 1 $245,000 $245,000 $3,235 4.00%
OCALA, FL (FHA|USDA|VA) 3 $245,000 $81,667 $519 3.21%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $245,000 $245,000 $5,118 4.75%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 1 $235,000 $235,000 $4,047 3.88%
GETTYSBURG, PA (FHA|USDA|VA) 1 $235,000 $235,000 $9,233 4.63%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 2 $230,000 $115,000 $0 1.99%
Columbus, MS (FHA|USDA|VA) 1 $225,000 $225,000 $4,350 4.25%
Torrington, CT (FHA|USDA|VA) 3 $215,000 $71,667 $0 3.58%
Augusta-Waterville, ME (FHA|USDA|VA) 2 $210,000 $105,000 $0 2.62%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $205,000 $205,000 $2,303 4.38%
TUCSON, AZ (FHA|USDA|VA) 4 $200,000 $50,000 $562 3.69%
TUSCALOOSA, AL (FHA|USDA|VA) 1 $195,000 $195,000 $0 6.13%
Rutland, VT (FHA|USDA|VA) 1 $175,000 $175,000 $5,686 4.38%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $175,000 $175,000 $0 1.99%
GLENS FALLS, NY (FHA|USDA|VA) 1 $175,000 $175,000 $3,812 4.88%
RENO, NV (FHA|USDA|VA) 2 $170,000 $85,000 $0 3.25%
Fairmont, WV (FHA|USDA|VA) 1 $165,000 $165,000 $0 5.88%
JACKSONVILLE, NC (FHA|USDA|VA) 1 $165,000 $165,000 $3,358 5.38%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $155,000 $155,000 $1,960 2.13%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 1 $155,000 $155,000 $0 7.75%
KOKOMO, IN (FHA|USDA|VA) 1 $155,000 $155,000 $3,678 5.00%
Danville, VA (FHA|USDA|VA) 1 $155,000 $155,000 $2,835 4.63%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $145,000 $145,000 $507 5.38%
KNOXVILLE, TN (FHA|USDA|VA) 2 $140,000 $70,000 $486 3.68%
LEWISTON-AUBURN, ME (FHA|USDA|VA) 1 $135,000 $135,000 $3,470 2.13%
Altus, OK (FHA|USDA|VA) 1 $135,000 $135,000 $2,209 5.63%
WARNER ROBINS, GA (FHA|USDA|VA) 3 $125,000 $41,667 $908 4.08%
BOISE CITY, ID (FHA|USDA|VA) 1 $125,000 $125,000 $2,628 3.88%
WALLA WALLA, WA (FHA|USDA|VA) 1 $125,000 $125,000 $0 5.00%
ALTOONA, PA (FHA|USDA|VA) 1 $125,000 $125,000 $0 2.50%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $125,000 $125,000 $0 2.50%
HATTIESBURG, MS (FHA|USDA|VA) 2 $110,000 $55,000 $2,932 3.19%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $105,000 $105,000 $519 5.38%
LAWRENCE, KS (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.00%
FLORENCE, SC (FHA|USDA|VA) 1 $105,000 $105,000 $827 6.25%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.00%
THE VILLAGES, FL (FHA|USDA|VA) 1 $105,000 $105,000 $3,342 5.00%
TULSA, OK (FHA|USDA|VA) 1 $95,000 $95,000 $4,904 4.63%
Traverse City, MI (FHA|USDA|VA) 1 $95,000 $95,000 $1,126 5.13%
SALEM, OR (FHA|USDA|VA) 2 $90,000 $45,000 $0 2.25%
Alamogordo, NM (FHA|USDA|VA) 1 $75,000 $75,000 $0 7.00%
McAlester, OK (FHA|USDA|VA) 1 $75,000 $75,000 $0 4.25%
Cedar City, UT (FHA|USDA|VA) 1 $75,000 $75,000 $0 5.00%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $75,000 $75,000 $0 4.50%
NEW BERN, NC (FHA|USDA|VA) 1 $75,000 $75,000 $0 5.00%
Sedalia, MO (FHA|USDA|VA) 1 $75,000 $75,000 $0 2.50%
Crossville, TN (FHA|USDA|VA) 2 $70,000 $35,000 $726 6.38%
MONTGOMERY, AL (FHA|USDA|VA) 1 $65,000 $65,000 $0 4.25%
Calhoun, GA (FHA|USDA|VA) 1 $65,000 $65,000 $834 5.13%
GAINESVILLE, GA (FHA|USDA|VA) 1 $65,000 $65,000 $0 2.50%
COLUMBUS, GA-AL (FHA|USDA|VA) 1 $65,000 $65,000 $0 4.75%
LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 1 $55,000 $55,000 $0 1.99%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $55,000 $55,000 $0 2.50%
COLUMBUS, OH (FHA|USDA|VA) 1 $55,000 $55,000 $0 1.99%
Plymouth, IN (FHA|USDA|VA) 1 $35,000 $35,000 $520 5.13%
BILLINGS, MT (FHA|USDA|VA) 1 $35,000 $35,000 $507 4.88%
SAVANNAH, GA (FHA|USDA|VA) 1 $35,000 $35,000 $0 8.50%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $25,000 $25,000 $486 4.88%
LAWTON, OK (FHA|USDA|VA) 1 $25,000 $25,000 $507 6.00%
Duncan, OK (FHA|USDA|VA) 1 $25,000 $25,000 $0 2.50%
Gloversville, NY (FHA|USDA|VA) 1 $25,000 $25,000 $3,024 4.00%
ERIE, PA (FHA|USDA|VA) 1 $15,000 $15,000 $0 1.99%
Service Federal Credit Union's top markets include Boston, Lebanon, Manchester, Concord, and Portland among others.

Their top states include:
  • New Hampshire (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)
  • Maine (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 1,544 $186,590,000 $120,848 n/a 2.69%
    Conventional 939 $312,405,000 $332,700 $2,291 4.61%
    VA 90 $31,110,000 $345,667 $6,765 4.21%
    USDA 3 $685,000 $228,333 $5,167 5.21%

    For 2022, Service Federal Credit Union's most frequently originated type of loan was HELOC, with 1,544 originations. Their 2nd most popular type was Conventional, with 939 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 1,389 $140,785,000 $101,357 $855 3.25%
    Other 488 $118,090,000 $241,988 $1,113 3.40%
    Home Purchase 485 $147,555,000 $304,237 $4,933 4.05%
    Cash Out Refi 136 $100,000,000 $735,294 $3,843 3.60%
    Refi 78 $24,360,000 $312,308 $2,393 3.18%

    For 2022, Service Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 1,389 originations. The 2nd most popular reason was Other, with 488 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 1,553 $198,945,000 $128,104 $8,255 2.70%
    30 Year 410 $127,600,000 $311,220 $4,781 4.36%
    15 Year 380 $59,400,000 $156,316 $1,040 4.83%
    10 Year 156 $103,250,000 $661,859 $742 4.80%
    5 Year 41 $5,335,000 $130,122 $584 4.37%
    20 Year 20 $4,240,000 $212,000 $3,969 3.54%
    30+ year 8 $31,760,000 $3,970,000 $13,159 4.22%
    3 Year 8 $260,000 $32,500 $546 3.94%

    For 2022, Service Federal Credit Union's most frequently cited loan duration was Other, with 1,553 originations. The 2nd most popular length was 30 Year, with 410 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 744 $114,140,000 $153,414
    $1k-2k 105 $27,135,000 $258,429
    $2k-3k 45 $13,305,000 $295,667
    $3k-4k 27 $7,575,000 $280,556
    $4k-5k 26 $8,710,000 $335,000
    $5k+ 26 $12,550,000 $482,692

    Service Federal Credit Union's average total fees were $4,781, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 744 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 1,176 $147,010,000 $125,009
    5-6% 423 $54,805,000 $129,563
    4-5% 418 $156,330,000 $373,995
    3-4% 263 $127,185,000 $483,593
    2.5-3% 223 $34,595,000 $155,135
    6-7% 48 $8,380,000 $174,583
    7-8% 22 $2,330,000 $105,909
    Over 8% 3 $155,000 $51,667

    During 2022, Service Federal Credit Union's average interest rate for loans was 4.36%, while their most frequently originated rate bucket for loans was <2.5%, with 1,176 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,172 $64,670,000 $55,179 $721 3.47%
    $100k-200k 714 $96,400,000 $135,014 $2,165 3.27%
    $200k-400k 510 $139,650,000 $273,824 $4,472 3.53%
    $400k-600k 133 $61,375,000 $461,466 $6,392 3.63%
    $600k-1MM 24 $18,170,000 $757,083 $7,685 4.28%
    $1MM+ 23 $150,525,000 $6,544,565 $10,338 3.96%

    2022 saw Service Federal Credit Union place emphasis on $100,000 or less loans with 1,172 originations, totaling $64,670,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 760 $108,620,000 $142,921 $2,754 3.52%
    $150k-250k 539 $97,095,000 $180,139 $2,822 3.53%
    $75k-100k 460 $55,680,000 $121,043 $2,659 3.49%
    $50k-75k 417 $46,325,000 $111,091 $2,530 3.26%
    $250k+ 183 $46,065,000 $251,721 $3,074 3.33%
    $50k or less 156 $16,070,000 $103,013 $2,446 3.02%

    Service Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 760 originations. The second most popular income band? $150k-250k, with 539 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 502 $72,900,000 $145,219 $3,054 3.02%
    30-36% 491 $70,935,000 $144,470 $2,619 3.46%
    <20% 191 $35,705,000 $186,937 $3,307 2.77%
    44% 136 $14,910,000 $109,632 $2,443 3.91%
    43% 125 $14,955,000 $119,640 $1,702 4.13%
    41% 111 $14,285,000 $128,694 $2,135 3.95%
    38% 109 $16,685,000 $153,073 $2,609 3.71%
    40% 108 $17,120,000 $158,519 $2,527 3.68%
    42% 98 $12,490,000 $127,449 $1,866 3.80%
    39% 90 $11,720,000 $130,222 $2,422 3.67%
    37% 90 $14,650,000 $162,778 $2,906 3.71%
    45% 85 $11,235,000 $132,176 $2,540 3.49%
    36% 83 $13,885,000 $167,289 $2,711 3.61%
    47% 80 $11,780,000 $147,250 $3,208 3.38%
    49% 72 $9,980,000 $138,611 $2,510 2.94%
    46% 64 $11,410,000 $178,281 $3,822 3.28%
    48% 55 $9,935,000 $180,636 $3,454 3.30%
    50-60% 18 $4,370,000 $242,778 $6,756 3.50%
    >60% 1 $405,000 $405,000 $0 1.99%

    Service Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 502 originations. The next most common DTI ratio? 30-36%, with 491 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,055 $289,675,000 $140,961 $2,640 3.43%
    Not applicable 56 $160,390,000 $2,864,107 $0 4.13%
    Not provided 328 $56,530,000 $172,348 $2,874 3.38%
    Black 73 $11,855,000 $162,397 $3,523 3.73%
    Asian 36 $7,640,000 $212,222 $2,940 3.39%
    American Indian 15 $2,175,000 $145,000 $1,854 3.57%
    Korean 2 $840,000 $420,000 $10,292 4.19%
    Asian Indian 3 $695,000 $231,667 $2,106 4.42%
    Other Asian 2 $450,000 $225,000 $0 1.99%
    Chinese 1 $255,000 $255,000 $0 2.24%
    Japanese 2 $180,000 $90,000 $1,898 2.31%
    Other Pacific Islander 2 $70,000 $35,000 $0 1.99%
    Native Hawaiian or Islander 1 $35,000 $35,000 $0 8.50%

    Approval Rates

    Total approvals of all applications
    79.07%

    Service Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    85.05%

    Service Federal Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,576 $530,790,000 $206,052

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,576 $530,790,000 $206,052

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 718 $101,300,000 $141,086 $1,396 3.20%
    40-60% 234 $100,570,000 $429,786 $3,049 3.34%
    60-80% 234 $129,200,000 $552,137 $4,663 3.70%
    80-100% 230 $106,930,000 $464,913 $4,781 4.24%
    Over 100% 17 $6,925,000 $407,353 $13,766 4.08%
    Under 20% 1,128 $83,490,000 $74,016 $593 3.39%