Service Federal Credit Union Mortgage Rates, Fees & Info
Portsmouth, NHLEI: 254900P7WLDQD9IUL038
Tax ID: 02-0240752
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Service Federal Credit Union is a smaller credit union specializing in Cash Out Refi, Home Purchase, and Refi loans. Service Federal Credit Union has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets include Boston, Lebanon, Manchester, Keene, and Portland among others. Service Federal Credit Union has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Service Federal Credit Union is typically an average fee lendor.Originations
1,375Origination Dollar Volume (All Markets)
$360,005,000Awards
Service Federal Credit Union - 2021
Service 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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Relative Rate
Service Federal Credit Union's average 30 year fixed rate mortgage of loans were
3%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.15%.
Relative Fees
Service Federal Credit Union's average total fees for a 30 year fixed rate
mortgage are $3,574.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 513 | $160,635,000 | $313,129 | $3,044 | 2.88% |
| Lebanon, NH-VT (FHA|USDA|VA) | 122 | $37,840,000 | $310,164 | $2,920 | 2.96% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 143 | $37,165,000 | $259,895 | $2,939 | 2.99% |
| Keene, NH (FHA|USDA|VA) | 117 | $18,625,000 | $159,188 | $2,774 | 2.84% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 67 | $15,105,000 | $225,448 | $3,002 | 2.92% |
| Concord, NH (FHA|USDA|VA) | 73 | $14,635,000 | $200,479 | $2,767 | 2.95% |
| Outside of Metro Areas | 49 | $10,215,000 | $208,469 | $2,903 | 3.06% |
| Laconia, NH (FHA|USDA|VA) | 49 | $9,275,000 | $189,286 | $3,062 | 3.02% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 40 | $8,570,000 | $214,250 | $2,745 | 2.90% |
| Berlin, NH (FHA|USDA|VA) | 29 | $4,185,000 | $144,310 | $2,816 | 3.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 5 | $2,615,000 | $523,000 | $2,468 | 3.60% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 8 | $2,050,000 | $256,250 | $4,770 | 3.05% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 6 | $1,790,000 | $298,333 | $2,153 | 3.60% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 3 | $1,675,000 | $558,333 | $3,718 | 2.63% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 5 | $1,565,000 | $313,000 | $4,839 | 3.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 3 | $1,405,000 | $468,333 | $4,177 | 2.63% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 5 | $1,395,000 | $279,000 | $2,443 | 2.70% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 4 | $1,050,000 | $262,500 | $2,479 | 3.28% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $10,220 | 3.63% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 4 | $840,000 | $210,000 | $2,592 | 2.63% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 4 | $820,000 | $205,000 | $5,814 | 3.44% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 4 | $810,000 | $202,500 | $4,042 | 2.50% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $2,734 | 2.88% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $3,958 | 2.38% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $5,136 | 3.04% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $8,680 | 2.83% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $3,694 | 3.06% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 4 | $730,000 | $182,500 | $2,362 | 2.53% |
| COLUMBUS, IN (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $788 | 3.17% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $2,493 | 2.81% |
| TUCSON, AZ (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $2,808 | 2.92% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $6,190 | 3.50% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $5,202 | 2.25% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $11,083 | 2.81% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $7,412 | 2.44% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $5,116 | 2.56% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $2,235 | 2.88% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $2,580 | 2.38% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $2,086 | 2.50% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $2,331 | 3.06% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $2,843 | 2.50% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $13,056 | 2.75% |
| Augusta-Waterville, ME (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $4,089 | 3.38% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $3,491 | 3.06% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $4,057 | 2.88% |
| OCALA, FL (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $4,058 | 3.25% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $2,654 | 3.06% |
| VALDOSTA, GA (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $3,907 | 2.44% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $3,051 | 3.25% |
| Paris, TN (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $3,004 | 3.00% |
| COLUMBIA, SC (FHA|USDA|VA) | 3 | $355,000 | $118,333 | $2,704 | 2.29% |
| WALLA WALLA, WA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,316 | 2.75% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $2,625 | 2.75% |
| BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $11,813 | 2.75% |
| GRAND FORKS, ND-MN (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $8,315 | 2.75% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $1,522 | 2.88% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $9,721 | 2.63% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,665 | 2.88% |
| LEWISTON-AUBURN, ME (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $2,524 | 3.13% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,235 | 3.25% |
| Wilson, NC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $5,609 | 2.13% |
| RAPID CITY, SD (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,525 | 2.63% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,162 | 3.75% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $6,135 | 3.13% |
| Columbus, NE (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,021 | 3.25% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $9,141 | 2.75% |
| New Castle, PA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,204 | 3.25% |
| Klamath Falls, OR (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $8,316 | 2.63% |
| Tifton, GA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $726 | 2.88% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,146 | 2.63% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $6,695 | 2.63% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,176 | 2.88% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,131 | 3.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,322 | 2.63% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,598 | 2.88% |
| BANGOR, ME (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $2,192 | 2.88% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,550 | 3.25% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,539 | 2.75% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,443 | 3.63% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,179 | 2.88% |
| WICHITA, KS (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $8,897 | 2.88% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $842 | 3.88% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,497 | 2.50% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $1,914 | 2.75% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $1,903 | 2.50% |
| LAS CRUCES, NM (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,117 | 3.38% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $495 | 5.13% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,399 | 2.63% |
| Barre, VT (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,993 | 3.13% |
| Moberly, MO (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,510 | 3.00% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,160 | 2.88% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,967 | 3.13% |
| FOND DU LAC, WI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 3.00% |
| Enterprise, AL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 2.63% |
| Bennington, VT (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,473 | 2.50% |
| WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,217 | 3.00% |
| ENID, OK (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,298 | 3.00% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,236 | 2.88% |
| SUMTER, SC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,062 | 2.75% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $786 | 5.13% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $1,950 | 3.25% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $785 | 5.13% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,563 | 3.38% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $1,986 | 3.13% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,628 | 2.50% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $665 | 4.88% |
| LAWTON, OK (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,673 | 2.38% |
| HAMMOND, LA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,665 | 2.25% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,641 | 3.38% |
| Richmond, IN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $2,256 | 2.63% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $461 | 5.13% |
Service Federal Credit Union's top markets include Boston, Lebanon, Manchester, Keene, and Portland among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 1,263 | $328,325,000 | $259,956 | $2,856 | 2.95% |
| VA | 104 | $30,260,000 | $290,962 | $5,314 | 2.72% |
| USDA | 8 | $1,420,000 | $177,500 | $4,472 | 2.98% |
For the 2021 period, Service Federal Credit Union's most frequently originated loan type of loans were Conventional, with 1,263 originations. Their 2nd most popular type is VA, with 104 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 394 | $97,080,000 | $246,396 | $3,380 | 2.89% |
| Home Purchase | 362 | $113,620,000 | $313,867 | $3,746 | 3.07% |
| Refi | 360 | $75,910,000 | $210,861 | $2,648 | 2.59% |
| Other | 130 | $48,620,000 | $374,000 | $2,417 | 2.91% |
| Home Improvement | 129 | $24,775,000 | $192,054 | $2,170 | 3.64% |
For the 2021, Service Federal Credit Union's most frequently cited loan purpose of loans were Cash Out Refi, with 394 originations. The 2nd most popular reason of loans were Home Purchase, with 362 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 656 | $173,280,000 | $264,146 | $3,574 | 3.00% |
| 15 Year | 438 | $84,500,000 | $192,922 | $2,505 | 2.74% |
| 20 Year | 139 | $31,965,000 | $229,964 | $2,912 | 2.83% |
| 10 Year | 107 | $17,005,000 | $158,925 | $1,929 | 3.14% |
| 5 Year | 15 | $27,755,000 | $1,850,333 | $608 | 4.18% |
| 30+ year | 10 | $3,120,000 | $312,000 | $7,413 | 3.31% |
| Other | 7 | $22,285,000 | $3,183,571 | $9,411 | 3.55% |
| 3 Year | 3 | $95,000 | $31,667 | $548 | 3.88% |
For the 2021, Service Federal Credit Union's most frequently cited loan length of loans were 30 Year, with 656 originations. The 2nd most popular length of loans were 15 Year, with 438 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 986 | $207,460,000 | $210,406 |
| $1k-2k | 196 | $45,780,000 | $233,571 |
| $3k-4k | 61 | $17,955,000 | $294,344 |
| $2k-3k | 54 | $14,240,000 | $263,704 |
| $5k+ | 23 | $8,075,000 | $351,087 |
$3,574 of loans were Service Federal Credit Union's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 986 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 534 | $131,100,000 | $245,506 |
| <2.5% | 414 | $82,250,000 | $198,671 |
| 3-4% | 348 | $117,320,000 | $337,126 |
| 5-6% | 40 | $2,230,000 | $55,750 |
| 4-5% | 39 | $27,105,000 | $695,000 |
During 2021, Service Federal Credit Union's average interest rate of loans were 3.00%, while their most frequently originated rate bucket of loans were 2.5-3%, with 534 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 606 | $165,900,000 | $273,762 | $3,514 | 2.88% |
| $100k-200k | 449 | $68,695,000 | $152,996 | $2,622 | 2.75% |
| $100,000 or less | 191 | $12,105,000 | $63,377 | $1,585 | 3.48% |
| $400k-600k | 102 | $47,600,000 | $466,667 | $5,050 | 2.89% |
| $600k-1MM | 19 | $13,525,000 | $711,842 | $4,541 | 3.18% |
| $1MM+ | 8 | $52,180,000 | $6,522,500 | $4,942 | 3.61% |
2021 saw Service Federal Credit Union place emphasis on $200k-400k loans with 606 originations, totaling $165,900,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 383 | $88,535,000 | $231,162 | $3,185 | 2.89% |
| $75k-100k | 287 | $59,705,000 | $208,031 | $3,133 | 2.92% |
| $50k-75k | 283 | $47,985,000 | $169,558 | $2,742 | 2.92% |
| $150k-250k | 217 | $63,875,000 | $294,355 | $3,287 | 2.85% |
| $50k or less | 103 | $13,315,000 | $129,272 | $2,513 | 2.89% |
| $250k+ | 48 | $20,300,000 | $422,917 | $3,631 | 2.92% |
Service Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 383 originations. The second most popular income band? $75k-100k, with 287 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 363 | $81,585,000 | $224,752 | $3,039 | 2.80% |
| 30-36% | 268 | $58,170,000 | $217,052 | $2,926 | 2.88% |
| <20% | 131 | $26,425,000 | $201,718 | $2,684 | 2.67% |
| 40% | 54 | $11,960,000 | $221,481 | $3,294 | 3.04% |
| 36% | 54 | $13,110,000 | $242,778 | $3,377 | 2.94% |
| 42% | 51 | $11,145,000 | $218,529 | $3,056 | 3.11% |
| 38% | 50 | $10,310,000 | $206,200 | $3,037 | 3.06% |
| 41% | 50 | $10,670,000 | $213,400 | $2,628 | 2.99% |
| 37% | 48 | $10,510,000 | $218,958 | $3,049 | 3.01% |
| 39% | 46 | $12,180,000 | $264,783 | $3,736 | 2.88% |
| 44% | 46 | $9,700,000 | $210,870 | $3,456 | 3.16% |
| 43% | 43 | $9,605,000 | $223,372 | $3,091 | 3.13% |
| 45% | 25 | $4,895,000 | $195,800 | $2,958 | 3.02% |
| 46% | 24 | $6,400,000 | $266,667 | $3,373 | 2.96% |
| 49% | 22 | $4,050,000 | $184,091 | $4,021 | 2.77% |
| 48% | 20 | $5,240,000 | $262,000 | $3,443 | 3.11% |
| 47% | 17 | $4,955,000 | $291,471 | $2,936 | 2.98% |
| 50-60% | 4 | $1,020,000 | $255,000 | $4,673 | 3.59% |
| >60% | 1 | $285,000 | $285,000 | $2,401 | 2.50% |
Service Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 363 originations. The next most common DTI ratio? 30-36%, with 268 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 1,089 | $237,855,000 | $218,416 | $3,054 | 2.90% |
| Not applicable | 55 | $66,495,000 | $1,209,000 | $0 | 3.78% |
| Not provided | 169 | $39,135,000 | $231,568 | $3,130 | 2.83% |
| Asian | 21 | $6,375,000 | $303,571 | $2,707 | 2.83% |
| Black | 24 | $5,480,000 | $228,333 | $3,241 | 3.14% |
| American Indian | 6 | $1,390,000 | $231,667 | $2,681 | 3.23% |
| Japanese | 1 | $765,000 | $765,000 | $4,106 | 3.00% |
| Asian Indian | 3 | $765,000 | $255,000 | $2,369 | 2.21% |
| Other Asian | 3 | $585,000 | $195,000 | $2,725 | 2.79% |
| Native Hawaiian | 2 | $480,000 | $240,000 | $2,597 | 2.94% |
| Chinese | 1 | $355,000 | $355,000 | $3,936 | 3.13% |
| Filipino | 1 | $325,000 | $325,000 | $3,858 | 3.13% |
Approval Rates
Total approvals of all applications79.73%
Service Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination80.19%
Service Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,375 | $360,005,000 | $261,822 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1,375 | $360,005,000 | $261,822 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 185 | $49,995,000 | $270,243 | $2,326 | 2.68% |
| 40-60% | 320 | $68,600,000 | $214,375 | $2,831 | 2.65% |
| 60-80% | 506 | $157,470,000 | $311,206 | $3,277 | 2.94% |
| 80-100% | 253 | $71,195,000 | $281,403 | $3,846 | 2.98% |
| Over 100% | 12 | $3,850,000 | $320,833 | $10,835 | 2.79% |
| Under 20% | 95 | $5,115,000 | $53,842 | $1,080 | 4.19% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| SERVICEMAC, LLC | FHA mortgage | Trouble during payment process | 4 | 14.8% |
| SERVICEMAC, LLC | VA mortgage | Trouble during payment process | 4 | 14.8% |
| SERVICEMAC, LLC | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 3.7% |
| SERVICEMAC, LLC | Conventional home mortgage | Closing on a mortgage | 2 | 7.4% |
| SERVICEMAC, LLC | Conventional home mortgage | Struggling to pay mortgage | 2 | 7.4% |
| SERVICEMAC, LLC | Conventional home mortgage | Trouble during payment process | 14 | 51.9% |
