Service Federal Credit Union Mortgage Rates, Fees & Info

Portsmouth, NH

LEI: 254900P7WLDQD9IUL038

Tax ID: 02-0240752

5 stars - out of 5 stars, based on 37 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & 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 by origination volume include: Boston, Lebanon, Manchester, Keene, and Portland among others. We have data for 111 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
    30 Year Conventional Purchase 6.93% 11/26/22
    30 Year Conventional Refi 6.61% 11/26/22
    30 Year Cash-out Refi 6.89% 11/26/22
    30 Year VA Purchase 6.56% 11/26/22
    30 Year VA Refi 6.41% 11/26/22
    30 Year USDA Purchase 7.10% 11/26/22
    15 Year Conventional Purchase 6.44% 11/26/22
    15 Year Conventional Refi 6.10% 11/26/22
    15 Year Cash-out Refi 6.10% 11/26/22
    15 Year VA Purchase 6.09% 11/26/22
    15 Year VA Refi 5.87% 11/26/22
    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.


    Originations

    1,375

    Origination Dollar Volume (All Markets)

    $360,005,000
    Show all (8) awards

    Relative Rate

    Service Federal Credit Union's average 30 year fixed mortgage rate was 3%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.15%.

    Relative Fees (Closing Costs)

    Service Federal Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $3,574.

    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) 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.

    Their top states include:
  • New Hampshire (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)
  • Maine (FHA|USDA|VA)
  • Vermont (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Service Federal Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    INFINITY Federal Credit Union
    Similarity Rank: 136
    Northfield Savings Bank
    Similarity Rank: 155
    CASCO
    Similarity Rank: 226
    TOWN & COUNTRY FEDERAL CREDIT UNION
    Similarity Rank: 240
    Sharon & Crescent United Credit Union
    Similarity Rank: 335
    CUMBERLAND COUNTY
    Similarity Rank: 464
    LUSO-AMERICAN CREDIT UNION
    Similarity Rank: 474
    VERMONT STATE EMPLOYEES
    Similarity Rank: 530
    Kennebec Savings Bank
    Similarity Rank: 535
    Saco & Biddeford Savings Institution
    Similarity Rank: 556

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Service Federal Credit Union's most frequently originated type of loan was Conventional, with 1,263 originations. Their 2nd most popular type was VA, with 104 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Service Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 394 originations. The 2nd most popular reason was 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 2021, Service Federal Credit Union's most frequently cited loan duration was 30 Year, with 656 originations. The 2nd most popular length was 15 Year, with 438 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 986 $207,460,000 $210,406
    $1k-2k 196 $45,780,000 $233,571
    $2k-3k 54 $14,240,000 $263,704
    $3k-4k 37 $10,485,000 $283,378
    $4k-5k 24 $7,470,000 $311,250
    $5k+ 23 $8,075,000 $351,087

    Service Federal Credit Union's average total fees were $3,574, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.00%, while their most frequently originated rate bucket for loans was 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 or Islander 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 applications
    79.32%

    Service Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    76.51%

    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%