Service Federal Credit Union Mortgage Rates, Fees & Info

Portsmouth, NH

LEI: 254900P7WLDQD9IUL038

Tax ID: 02-0240752

5 stars - Updated: 3/29/24 - out of 5 stars, based on 45 reviews

Latest/2023 | 2022 Data | 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 Cash Out Refi 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, Manchester, Lebanon, Portland, and Concord among others. We have data for 176 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 a low 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 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.

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% 3/29/24
30 Year Conventional Purchase 6.41% 3/29/24
30 Year Conventional Refi 6.46% 3/29/24
30 Year Cash-out Refi 6.62% 3/29/24
30 Year VA Purchase 5.80% 3/29/24
30 Year USDA Purchase 6.26% 3/29/24
15 Year Conventional Purchase 5.89% 3/29/24
15 Year Conventional Refi 5.71% 3/29/24
15 Year Cash-out Refi 5.71% 3/29/24
15 Year VA Purchase 5.55% 3/29/24
15 Year VA Refi 5.58% 3/29/24
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

2,032

Origination Dollar Volume (All Markets)

$277,710,000

Awards

Service Federal Credit Union 30 Year Conventional Loans silver Service Federal Credit Union VA Loans gold Service Federal Credit Union 30 Year Conventional Loans bronze
Show all (3) awards

Relative Rate

Service Federal Credit Union's average 30 year fixed mortgage rate was 6.28%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.2%.

Relative Fees (Closing Costs)

Service Federal Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $4,510.

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 $9,089.

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) 739 $96,865,000 $131,076 $861 5.70%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 204 $26,060,000 $127,745 $633 5.91%
Lebanon, NH-VT (FHA|USDA|VA) 107 $19,555,000 $182,757 $805 5.61%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 110 $15,210,000 $138,273 $937 5.74%
Concord, NH (FHA|USDA|VA) 103 $13,765,000 $133,641 $783 5.86%
Outside of Metro Areas 70 $10,090,000 $144,143 $1,375 5.88%
Keene, NH (FHA|USDA|VA) 107 $9,885,000 $92,383 $1,097 5.96%
Laconia, NH (FHA|USDA|VA) 75 $9,225,000 $123,000 $1,304 5.94%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 58 $7,220,000 $124,483 $872 5.40%
Berlin, NH (FHA|USDA|VA) 26 $3,290,000 $126,538 $2,046 5.66%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 19 $2,305,000 $121,316 $2,189 5.51%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 11 $2,245,000 $204,091 $123 5.11%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 17 $1,965,000 $115,588 $123 5.69%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 6 $1,870,000 $311,667 $0 3.99%
ST. LOUIS, MO-IL (FHA|USDA|VA) 4 $1,820,000 $455,000 $6,414 6.78%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 10 $1,590,000 $159,000 $2,182 5.63%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 6 $1,560,000 $260,000 $2,761 4.68%
COLORADO SPRINGS, CO (FHA|USDA|VA) 10 $1,510,000 $151,000 $163 6.45%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 6 $1,440,000 $240,000 $2,659 4.62%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 8 $1,430,000 $178,750 $2,802 5.50%
WORCESTER, MA-CT (FHA|USDA|VA) 13 $1,405,000 $108,077 $1,323 6.13%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 5 $1,365,000 $273,000 $0 4.99%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 9 $1,365,000 $151,667 $3,386 6.57%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 6 $1,350,000 $225,000 $4,851 5.33%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 5 $1,265,000 $253,000 $3,185 5.02%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 8 $1,240,000 $155,000 $827 6.01%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 6 $980,000 $163,333 $409 4.56%
COLUMBIA, SC (FHA|USDA|VA) 5 $935,000 $187,000 $3,970 5.90%
SAVANNAH, GA (FHA|USDA|VA) 3 $935,000 $311,667 $2,224 5.66%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 6 $920,000 $153,333 $279 5.25%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 3 $895,000 $298,333 $3,599 6.33%
FAYETTEVILLE, NC (FHA|USDA|VA) 11 $835,000 $75,909 $393 6.11%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 4 $810,000 $202,500 $0 5.43%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 5 $755,000 $151,000 $1,303 5.80%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 2 $720,000 $360,000 $0 7.00%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $705,000 $705,000 $3,830 6.25%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 4 $680,000 $170,000 $3,184 5.28%
PROVO-OREM, UT (FHA|USDA|VA) 2 $680,000 $340,000 $0 3.99%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 4 $660,000 $165,000 $5,013 8.63%
RALEIGH-CARY, NC (FHA|USDA|VA) 4 $630,000 $157,500 $3,383 5.34%
VALDOSTA, GA (FHA|USDA|VA) 2 $600,000 $300,000 $2,276 6.00%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 4 $590,000 $147,500 $1,580 6.40%
JACKSONVILLE, FL (FHA|USDA|VA) 4 $580,000 $145,000 $360 5.78%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 2 $570,000 $285,000 $0 3.99%
LEWISTON-AUBURN, ME (FHA|USDA|VA) 3 $545,000 $181,667 $2,940 4.87%
SPRINGFIELD, MO (FHA|USDA|VA) 2 $540,000 $270,000 $6,464 5.88%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 3 $535,000 $178,333 $3,278 5.41%
ASHEVILLE, NC (FHA|USDA|VA) 1 $525,000 $525,000 $5,217 6.00%
UTICA-ROME, NY (FHA|USDA|VA) 2 $510,000 $255,000 $957 4.87%
LAS CRUCES, NM (FHA|USDA|VA) 1 $505,000 $505,000 $4,312 6.63%
BEND, OR (FHA|USDA|VA) 1 $505,000 $505,000 $0 3.99%
Heber, UT (FHA|USDA|VA) 1 $505,000 $505,000 $0 3.99%
SALINAS, CA (FHA|USDA|VA) 2 $500,000 $250,000 $3,628 5.00%
STOCKTON, CA (FHA|USDA|VA) 3 $485,000 $161,667 $0 3.99%
SPRINGFIELD, MA (FHA|USDA|VA) 6 $470,000 $78,333 $0 6.31%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 6 $450,000 $75,000 $606 5.03%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 3 $445,000 $148,333 $0 5.66%
BRUNSWICK, GA (FHA|USDA|VA) 1 $445,000 $445,000 $4,818 6.75%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 2 $440,000 $220,000 $6,124 4.81%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 4 $430,000 $107,500 $243 6.25%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $425,000 $425,000 $862 5.75%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 5 $425,000 $85,000 $0 4.54%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $425,000 $425,000 $3,936 6.63%
HUNTSVILLE, AL (FHA|USDA|VA) 4 $410,000 $102,500 $0 6.06%
SIOUX FALLS, SD (FHA|USDA|VA) 2 $410,000 $205,000 $0 4.99%
BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 2 $400,000 $200,000 $1,740 6.31%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 3 $385,000 $128,333 $0 4.58%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 3 $385,000 $128,333 $2,451 5.12%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 4 $380,000 $95,000 $1,845 4.93%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $360,000 $180,000 $0 4.87%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 3 $355,000 $118,333 $1,235 6.63%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $355,000 $355,000 $0 3.99%
PUNTA GORDA, FL (FHA|USDA|VA) 2 $350,000 $175,000 $508 4.87%
Danville, KY (FHA|USDA|VA) 1 $345,000 $345,000 $656 6.50%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $345,000 $345,000 $7,553 7.00%
OCALA, FL (FHA|USDA|VA) 2 $320,000 $160,000 $2,218 6.25%
DAYTON-KETTERING, OH (FHA|USDA|VA) 4 $310,000 $77,500 $4,033 5.59%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 4 $300,000 $75,000 $0 6.56%
Vineyard Haven, MA (FHA|USDA|VA) 2 $300,000 $150,000 $981 7.50%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 4 $300,000 $75,000 $892 6.25%
Traverse City, MI (FHA|USDA|VA) 1 $295,000 $295,000 $2,655 5.75%
McAlester, OK (FHA|USDA|VA) 2 $290,000 $145,000 $8,243 6.62%
JEFFERSON CITY, MO (FHA|USDA|VA) 1 $285,000 $285,000 $0 3.99%
COLUMBUS, OH (FHA|USDA|VA) 2 $280,000 $140,000 $5,473 6.12%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 2 $270,000 $135,000 $0 9.63%
Klamath Falls, OR (FHA|USDA|VA) 1 $265,000 $265,000 $3,600 7.38%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $265,000 $265,000 $0 3.99%
Augusta-Waterville, ME (FHA|USDA|VA) 2 $260,000 $130,000 $0 5.12%
Bellefontaine, OH (FHA|USDA|VA) 1 $255,000 $255,000 $1,488 6.50%
WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $255,000 $255,000 $0 6.49%
FORT COLLINS, CO (FHA|USDA|VA) 2 $250,000 $125,000 $0 3.99%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 3 $235,000 $78,333 $494 4.66%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 4 $230,000 $57,500 $417 5.68%
Warrensburg, MO (FHA|USDA|VA) 1 $225,000 $225,000 $6,419 6.00%
SPARTANBURG, SC (FHA|USDA|VA) 1 $225,000 $225,000 $0 3.99%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 3 $225,000 $75,000 $418 6.29%
PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $210,000 $105,000 $519 6.12%
Brevard, NC (FHA|USDA|VA) 1 $205,000 $205,000 $5,976 5.88%
Rutland, VT (FHA|USDA|VA) 1 $205,000 $205,000 $0 3.99%
SALT LAKE CITY, UT (FHA|USDA|VA) 1 $205,000 $205,000 $0 3.99%
SYRACUSE, NY (FHA|USDA|VA) 1 $205,000 $205,000 $4,040 6.88%
THE VILLAGES, FL (FHA|USDA|VA) 1 $205,000 $205,000 $0 3.99%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 2 $200,000 $100,000 $0 5.37%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 2 $200,000 $100,000 $0 5.99%
MANHATTAN, KS (FHA|USDA|VA) 2 $190,000 $95,000 $1,379 5.75%
OKLAHOMA CITY, OK (FHA|USDA|VA) 2 $190,000 $95,000 $0 8.44%
BANGOR, ME (FHA|USDA|VA) 1 $185,000 $185,000 $0 6.49%
Fort Leonard Wood, MO (FHA|USDA|VA) 1 $175,000 $175,000 $4,176 6.88%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 2 $170,000 $85,000 $0 5.24%
PITTSBURGH, PA (FHA|USDA|VA) 1 $165,000 $165,000 $4,008 5.50%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $165,000 $165,000 $0 3.99%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 2 $160,000 $80,000 $836 4.75%
GREELEY, CO (FHA|USDA|VA) 2 $160,000 $80,000 $0 4.87%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $155,000 $155,000 $0 9.50%
Barre, VT (FHA|USDA|VA) 1 $155,000 $155,000 $3,274 7.50%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $155,000 $155,000 $0 3.99%
Alamogordo, NM (FHA|USDA|VA) 1 $145,000 $145,000 $0 6.25%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 1 $135,000 $135,000 $0 5.50%
JOHNSON CITY, TN (FHA|USDA|VA) 1 $135,000 $135,000 $0 7.38%
Ashtabula, OH (FHA|USDA|VA) 1 $135,000 $135,000 $2,829 5.63%
DOVER, DE (FHA|USDA|VA) 2 $130,000 $65,000 $836 8.13%
KNOXVILLE, TN (FHA|USDA|VA) 2 $130,000 $65,000 $508 4.87%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $125,000 $125,000 $3,081 6.75%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 2 $120,000 $60,000 $508 5.88%
Calhoun, GA (FHA|USDA|VA) 1 $115,000 $115,000 $0 5.75%
RICHMOND, VA (FHA|USDA|VA) 2 $110,000 $55,000 $0 6.50%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 2 $110,000 $55,000 $0 7.88%
TOLEDO, OH (FHA|USDA|VA) 2 $110,000 $55,000 $254 6.25%
Rockingham, NC (FHA|USDA|VA) 1 $105,000 $105,000 $3,337 8.00%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $105,000 $105,000 $508 6.00%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.75%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $105,000 $105,000 $0 3.99%
Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.99%
WARNER ROBINS, GA (FHA|USDA|VA) 3 $105,000 $35,000 $0 6.17%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 2 $100,000 $50,000 $282 5.88%
Kalispell, MT (FHA|USDA|VA) 1 $95,000 $95,000 $564 5.75%
DOTHAN, AL (FHA|USDA|VA) 1 $85,000 $85,000 $0 6.75%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $85,000 $85,000 $540 6.00%
Escanaba, MI (FHA|USDA|VA) 1 $85,000 $85,000 $0 3.99%
BOISE CITY, ID (FHA|USDA|VA) 2 $80,000 $40,000 $0 7.25%
Searcy, AR (FHA|USDA|VA) 1 $75,000 $75,000 $0 6.50%
Moberly, MO (FHA|USDA|VA) 1 $75,000 $75,000 $0 8.50%
BILLINGS, MT (FHA|USDA|VA) 1 $75,000 $75,000 $0 3.99%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $65,000 $65,000 $0 3.99%
LAWTON, OK (FHA|USDA|VA) 1 $65,000 $65,000 $519 6.00%
REDDING, CA (FHA|USDA|VA) 1 $65,000 $65,000 $0 6.00%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $65,000 $65,000 $0 6.88%
Danville, VA (FHA|USDA|VA) 1 $65,000 $65,000 $0 8.25%
MODESTO, CA (FHA|USDA|VA) 1 $65,000 $65,000 $0 5.75%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $55,000 $55,000 $564 5.50%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $55,000 $55,000 $0 3.99%
COLUMBUS, GA-AL (FHA|USDA|VA) 1 $55,000 $55,000 $879 5.75%
Enterprise, AL (FHA|USDA|VA) 1 $55,000 $55,000 $0 6.25%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 1 $55,000 $55,000 $683 6.00%
Holland, MI (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.99%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $55,000 $55,000 $310 5.38%
GREAT FALLS, MT (FHA|USDA|VA) 1 $55,000 $55,000 $0 3.99%
SUMTER, SC (FHA|USDA|VA) 1 $55,000 $55,000 $871 5.75%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $55,000 $55,000 $0 3.99%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $55,000 $55,000 $0 3.99%
BATON ROUGE, LA (FHA|USDA|VA) 1 $45,000 $45,000 $0 9.00%
Elkins, WV (FHA|USDA|VA) 1 $45,000 $45,000 $1,190 6.00%
VISALIA, CA (FHA|USDA|VA) 1 $45,000 $45,000 $0 3.99%
Payson, AZ (FHA|USDA|VA) 1 $45,000 $45,000 $0 3.99%
Mountain Home, ID (FHA|USDA|VA) 1 $45,000 $45,000 $519 6.00%
LOUISVILLE, KY (FHA|USDA|VA) 1 $35,000 $35,000 $0 3.99%
GETTYSBURG, PA (FHA|USDA|VA) 1 $35,000 $35,000 $494 6.00%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $35,000 $35,000 $0 6.49%
Torrington, CT (FHA|USDA|VA) 1 $35,000 $35,000 $0 3.99%
TULSA, OK (FHA|USDA|VA) 1 $35,000 $35,000 $508 5.75%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $35,000 $35,000 $540 5.75%
MONTGOMERY, AL (FHA|USDA|VA) 1 $35,000 $35,000 $0 3.99%
RAPID CITY, SD (FHA|USDA|VA) 1 $25,000 $25,000 $0 3.99%
TUCSON, AZ (FHA|USDA|VA) 1 $25,000 $25,000 $490 5.13%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $25,000 $25,000 $508 6.00%
ALBANY-LEBANON, OR (FHA|USDA|VA) 1 $25,000 $25,000 $0 6.38%
Service Federal Credit Union's top markets include Boston, Manchester, Lebanon, Portland, and Concord among others.

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

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,011 $142,975,000 $141,419 $983 6.08%
    HELOC 989 $123,825,000 $125,202 n/a 5.39%
    VA 31 $10,665,000 $344,032 $4,510 6.08%
    USDA 1 $245,000 $245,000 $5,455 7.25%

    For 2023, Service Federal Credit Union's most frequently originated type of loan was Conventional, with 1,011 originations. Their 2nd most popular type was HELOC, with 989 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 796 $97,920,000 $123,015 $402 5.68%
    Home Improvement 553 $53,015,000 $95,868 $260 5.53%
    Other 401 $37,465,000 $93,429 $215 6.01%
    Home Purchase 211 $67,345,000 $319,171 $4,396 6.04%
    Refi 71 $21,965,000 $309,366 $2,154 5.76%

    For 2023, Service Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 796 originations. The 2nd most popular reason was Home Improvement, with 553 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 993 $129,255,000 $130,166 $2,035 5.39%
    15 Year 590 $63,830,000 $108,186 $239 6.14%
    10 Year 189 $13,975,000 $73,942 $212 5.85%
    30 Year 177 $60,415,000 $341,328 $4,510 6.28%
    5 Year 55 $4,025,000 $73,182 $208 5.60%
    3 Year 13 $615,000 $47,308 $133 5.55%
    30+ year 10 $5,020,000 $502,000 $11,142 6.08%
    20 Year 5 $575,000 $115,000 $2,777 6.35%

    For 2023, Service Federal Credit Union's most frequently cited loan duration was Other, with 993 originations. The 2nd most popular length was 15 Year, with 590 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 943 $111,905,000 $118,669
    $1k-2k 27 $8,295,000 $307,222
    $2k-3k 15 $4,805,000 $320,333
    $5k+ 14 $8,000,000 $571,429
    $3k-4k 8 $3,310,000 $413,750
    $4k-5k 6 $1,760,000 $293,333

    Service Federal Credit Union's average total fees were $4,510, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 943 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 719 $85,015,000 $118,241
    6-7% 550 $84,150,000 $153,000
    3-4% 548 $72,930,000 $133,084
    Over 8% 127 $16,625,000 $130,906
    7-8% 68 $13,530,000 $198,971
    4-5% 19 $5,255,000 $276,579
    2.5-3% 1 $205,000 $205,000

    During 2023, Service Federal Credit Union's average interest rate for loans was 6.28%, while their most frequently originated rate bucket for loans was 5-6%, with 719 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,069 $59,235,000 $55,412 $239 5.72%
    $100k-200k 539 $70,935,000 $131,605 $679 5.83%
    $200k-400k 332 $90,580,000 $272,831 $3,135 5.66%
    $400k-600k 67 $31,825,000 $475,000 $5,158 5.73%
    $600k-1MM 20 $14,690,000 $734,500 $7,281 5.99%
    $1MM+ 5 $10,445,000 $2,089,000 $10,282 6.24%

    2023 saw Service Federal Credit Union place emphasis on $100,000 or less loans with 1,069 originations, totaling $59,235,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 615 $70,535,000 $114,691 $921 5.82%
    $150k-250k 540 $83,370,000 $154,389 $1,024 5.78%
    $75k-100k 353 $34,165,000 $96,785 $1,068 5.76%
    $50k-75k 239 $18,995,000 $79,477 $1,160 5.56%
    $250k+ 207 $50,685,000 $244,855 $1,839 5.51%
    $50k or less 49 $3,645,000 $74,388 $1,691 5.78%

    Service Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 615 originations. The second most popular income band? $150k-250k, with 540 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 388 $50,060,000 $129,021 $1,163 5.67%
    20-30% 382 $48,800,000 $127,749 $882 5.62%
    44% 217 $25,825,000 $119,009 $588 5.84%
    43% 155 $19,645,000 $126,742 $981 5.90%
    42% 133 $17,105,000 $128,609 $805 6.04%
    41% 119 $13,975,000 $117,437 $942 5.79%
    40% 104 $11,320,000 $108,846 $606 5.77%
    <20% 95 $13,975,000 $147,105 $1,153 5.51%
    39% 91 $13,195,000 $145,000 $1,068 5.75%
    38% 84 $10,500,000 $125,000 $1,022 5.87%
    37% 72 $9,140,000 $126,944 $1,330 5.53%
    36% 72 $9,900,000 $137,500 $1,182 5.77%
    45% 34 $4,840,000 $142,353 $1,809 5.36%
    46% 19 $4,255,000 $223,947 $3,995 5.85%
    47% 13 $2,675,000 $205,769 $4,362 5.29%
    49% 13 $3,195,000 $245,769 $5,313 5.69%
    48% 9 $2,185,000 $242,778 $3,409 6.07%
    50-60% 6 $1,330,000 $221,667 $4,765 6.06%
    >60% 1 $255,000 $255,000 $5,354 6.00%

    Service Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 388 originations. The next most common DTI ratio? 20-30%, with 382 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,623 $204,595,000 $126,060 $1,007 5.73%
    Not provided 277 $40,375,000 $145,758 $1,391 5.80%
    Not applicable 23 $15,405,000 $669,783 $0 6.61%
    Black 48 $5,630,000 $117,292 $2,337 5.79%
    Asian Indian 15 $4,245,000 $283,000 $2,171 4.73%
    Asian 19 $3,655,000 $192,368 $1,301 5.57%
    American Indian 11 $1,065,000 $96,818 $875 6.13%
    Other Asian 6 $910,000 $151,667 $683 5.54%
    Vietnamese 2 $600,000 $300,000 $0 4.87%
    Chinese 1 $405,000 $405,000 $0 3.99%
    Korean 1 $395,000 $395,000 $0 3.99%
    Native Hawaiian or Islander 2 $140,000 $70,000 $0 6.37%
    Other Pacific Islander 1 $115,000 $115,000 $0 3.99%
    Filipino 2 $100,000 $50,000 $0 7.50%
    Japanese 1 $75,000 $75,000 $0 9.75%

    Approval Rates

    Total approvals of all applications
    71.43%

    Service Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    79.97%

    Service Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,032 $277,710,000 $136,668

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,032 $277,710,000 $136,668

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 570 $84,050,000 $147,456 $410 5.74%
    40-60% 139 $34,155,000 $245,719 $2,334 5.82%
    60-80% 106 $38,970,000 $367,642 $4,678 5.85%
    80-100% 100 $38,250,000 $382,500 $4,683 6.19%
    Over 100% 5 $1,345,000 $269,000 $7,806 6.08%
    Under 20% 1,109 $80,255,000 $72,367 $220 5.68%