Star Usa Federal Credit Union Mortgage Rates, Fees & Info
Charleston, WVLEI: 5493002Z4GZF8C2F3T27
Tax ID: 25-6035142
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Mortgage Data
Review & Overview
Star Usa Federal Credit Union is a smaller credit union specializing in Home Purchase loans. Star Usa Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Charleston, Beckley, Minneapolis, New York, and Grand Rapids among others. We have data for 54 markets. (Some data included below & more in-depth data is available with an active subscription.)Star Usa 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. Star Usa 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Cash-out Refi | 6.03% | 11/17/24 |
| 15 Year Conventional Purchase | 10.39% | 11/17/24 |
| 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. | ||
Star Usa 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 Star Usa Federal Credit Union. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
80Origination Dollar Volume (All Markets)
$5,160,000Relative Rate
Star Usa Federal Credit Union's average 30 year fixed mortgage rate was
4.95%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -1.53%.
Relative Fees (Closing Costs)
Star Usa Federal Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,229.
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 |
|---|---|---|---|---|---|
| CHARLESTON, WV (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $3,386 | 5.28% |
| Outside of Metro Areas | 9 | $415,000 | $46,111 | $2,005 | 9.99% |
| BECKLEY, WV (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $3,378 | 6.25% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 5 | $295,000 | $59,000 | $0 | 9.97% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $0 | 9.13% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 9.75% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $0 | 10.25% |
| ROCHESTER, NY (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 9.38% |
| BOISE CITY, ID (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 10.38% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $0 | 8.88% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 9.50% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 3 | $125,000 | $41,667 | $0 | 9.42% |
| RACINE, WI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 10.25% |
| Helena, MT (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 11.00% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 9.75% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 8.00% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 10.25% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 9.75% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 9.75% |
| ST. CLOUD, MN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 9.50% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 9.75% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 3 | $75,000 | $25,000 | $0 | 9.92% |
| Outside of Metro Areas | 1 | $75,000 | $75,000 | $0 | 9.75% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 9.50% |
| JACKSON, MI (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 10.75% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 11.00% |
| TOLEDO, OH (FHA|USDA|VA) | 2 | $60,000 | $30,000 | $0 | 10.25% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 9.50% |
| Sikeston, MO (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 10.25% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 9.75% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 10.75% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 10.25% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 9.25% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 9.50% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 8.30% |
| Mount Sterling, KY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 10.25% |
| Emporia, KS (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 10.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 9.50% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 8.50% |
| Holland, MI (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 9.75% |
| Wahpeton, ND-MN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 11.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 9.75% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 11.25% |
| MONROE, MI (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 9.50% |
| Oskaloosa, IA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 10.25% |
| Cadillac, MI (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 10.75% |
| Baraboo, WI (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 10.25% |
| Stevens Point, WI (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 10.00% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 10.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 8.50% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 8.75% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 9.75% |
| MORGANTOWN, WV (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 9.25% |
| WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 9.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 80 | $5,160,000 | $64,500 | $3,153 | 9.55% |
For 2023, Star Usa Federal Credit Union's most frequently originated type of loan was Conventional, with 80 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 75 | $4,595,000 | $61,267 | $3,442 | 9.66% |
| Refi | 3 | $265,000 | $88,333 | $4,229 | 8.07% |
| Other | 2 | $300,000 | $150,000 | $2,182 | 7.85% |
For 2023, Star Usa Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 75 originations. The 2nd most popular reason was Refi, with 3 originations.
Loan Duration/Length
For 2023, Star Usa Federal Credit Union's most frequently cited loan duration was 20 Year, with 39 originations. The 2nd most popular length was Other, with 32 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 5 | $855,000 | $171,000 |
Star Usa Federal Credit Union's average total fees were $4,229, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 5 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 73 | $4,125,000 | $56,507 |
| 4-5% | 2 | $310,000 | $155,000 |
| 5-6% | 2 | $420,000 | $210,000 |
| 7-8% | 2 | $180,000 | $90,000 |
| 6-7% | 1 | $125,000 | $125,000 |
During 2023, Star Usa Federal Credit Union's average interest rate for loans was 4.95%, while their most frequently originated rate bucket for loans was Over 8%, with 73 originations.
Loan Sizing
2023 saw Star Usa Federal Credit Union place emphasis on $100,000 or less loans with 69 originations, totaling $3,605,000 in origination value.
Applicant Income
Star Usa Federal Credit Union lent most frequently to those with incomes in the $50k or less range, with 30 originations. The second most popular income band? $50k-75k, with 21 originations.
Applicant Debt to Income Ratio
Star Usa Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 20 originations. The next most common DTI ratio? 20-30%, with 18 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.69%
Star Usa Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination-93.75%
Star Usa 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 |
|---|---|---|---|
| 100.0 | 1 | $25,000 | $25,000 |
| 1010.28 | 1 | $35,000 | $35,000 |
| 1039.55 | 1 | $35,000 | $35,000 |
| 1086.88 | 1 | $35,000 | $35,000 |
| 1107.66 | 1 | $35,000 | $35,000 |
| 1111.0 | 1 | $15,000 | $15,000 |
| 1210.0 | 1 | $25,000 | $25,000 |
| 1217.28 | 1 | $55,000 | $55,000 |
| 1243.0 | 1 | $25,000 | $25,000 |
| 1250.0 | 23 | $1,465,000 | $63,696 |
| 1265.42 | 1 | $45,000 | $45,000 |
| 1275.38 | 1 | $45,000 | $45,000 |
| 1326.76 | 1 | $55,000 | $55,000 |
| 1368.14 | 1 | $45,000 | $45,000 |
| 1387.17 | 1 | $45,000 | $45,000 |
| 1477.07 | 1 | $35,000 | $35,000 |
| 1621.11 | 1 | $55,000 | $55,000 |
| 1760.0 | 1 | $45,000 | $45,000 |
| 1768.82 | 1 | $55,000 | $55,000 |
| 1816.36 | 1 | $65,000 | $65,000 |
| 1888.0 | 1 | $45,000 | $45,000 |
| 1934.81 | 1 | $65,000 | $65,000 |
| 1950.0 | 1 | $45,000 | $45,000 |
| 2001.59 | 1 | $45,000 | $45,000 |
| 2300.0 | 1 | $55,000 | $55,000 |
| 2308.5 | 1 | $75,000 | $75,000 |
| 2400.0 | 1 | $55,000 | $55,000 |
| 2513.67 | 1 | $55,000 | $55,000 |
| 2574.29 | 1 | $65,000 | $65,000 |
| 2650.0 | 1 | $75,000 | $75,000 |
| 2871.86 | 1 | $65,000 | $65,000 |
| 2935.48 | 1 | $95,000 | $95,000 |
| 3029.35 | 1 | $155,000 | $155,000 |
| 310.0 | 1 | $15,000 | $15,000 |
| 3294.96 | 1 | $105,000 | $105,000 |
| 3385.84 | 1 | $75,000 | $75,000 |
| 3502.5 | 1 | $95,000 | $95,000 |
| 3578.0 | 1 | $85,000 | $85,000 |
| 3726.0 | 1 | $95,000 | $95,000 |
| 4199.0 | 1 | $105,000 | $105,000 |
| 447.2 | 1 | $15,000 | $15,000 |
| 4656.0 | 1 | $95,000 | $95,000 |
| 5140.33 | 1 | $105,000 | $105,000 |
| 587.88 | 1 | $15,000 | $15,000 |
| 627.99 | 1 | $25,000 | $25,000 |
| 748.14 | 1 | $25,000 | $25,000 |
| 799.0 | 1 | $65,000 | $65,000 |
| 845.52 | 1 | $25,000 | $25,000 |
| 873.88 | 1 | $25,000 | $25,000 |
| 905.54 | 1 | $35,000 | $35,000 |
| 953.37 | 1 | $35,000 | $35,000 |
| 999.0 | 1 | $85,000 | $85,000 |
| NA | 6 | $900,000 | $150,000 |