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 and Refi loans. Star Usa Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Charleston, Huntington, Beckley, Lancaster, and Detroit among others. We have data for 63 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.
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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™
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
135Origination Dollar Volume (All Markets)
$10,205,000Top 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) | 12 | $2,440,000 | $203,333 | $2,436 | 3.93% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 11 | $1,085,000 | $98,636 | $2,193 | 3.87% |
| Outside of Metro Areas | 9 | $725,000 | $80,556 | $2,730 | 6.60% |
| BECKLEY, WV (FHA|USDA|VA) | 4 | $560,000 | $140,000 | $2,587 | 3.94% |
| LANCASTER, PA (FHA|USDA|VA) | 8 | $440,000 | $55,000 | $0 | 8.04% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 8 | $370,000 | $46,250 | $0 | 7.30% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 5 | $295,000 | $59,000 | $0 | 8.12% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 5 | $285,000 | $57,000 | $0 | 7.37% |
| PITTSBURGH, PA (FHA|USDA|VA) | 5 | $275,000 | $55,000 | $0 | 8.07% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 4 | $240,000 | $60,000 | $0 | 7.50% |
| Point Pleasant, WV-OH (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,344 | 5.50% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 3 | $185,000 | $61,667 | $0 | 7.83% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 8.13% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 7.95% |
| North Platte, NE (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 6.99% |
| ROCHESTER, MN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 7.25% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $0 | 8.00% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $0 | 8.30% |
| West Plains, MO (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 7.15% |
| MANKATO, MN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 9.50% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 6.75% |
| STAUNTON, VA (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 8.30% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 6.35% |
| Kalispell, MT (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 8.40% |
| Montrose, CO (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 7.50% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $0 | 6.50% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 9.40% |
| Fergus Falls, MN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 6.75% |
| Salem, OH (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 6.35% |
| Outside of Metro Areas | 2 | $70,000 | $35,000 | $0 | 8.30% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 2 | $70,000 | $35,000 | $0 | 7.93% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 7.25% |
| READING, PA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 6.50% |
| Bluefield, WV-VA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 6.95% |
| TOLEDO, OH (FHA|USDA|VA) | 2 | $60,000 | $30,000 | $0 | 8.00% |
| Wilmington, OH (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.99% |
| Zanesville, OH (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 8.75% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.75% |
| Corning, NY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.99% |
| BILLINGS, MT (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 7.75% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 8.24% |
| Hastings, NE (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 8.25% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 7.50% |
| Pottsville, PA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 9.25% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 6.75% |
| ERIE, PA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 7.00% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 6.75% |
| AMES, IA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 7.10% |
| Clarksburg, WV (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 6.60% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 6.50% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 9.25% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 8.24% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 7.10% |
| ANN ARBOR, MI (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 6.50% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 7.50% |
| FLINT, MI (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 6.35% |
| Quincy, IL-MO (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 9.99% |
| Oskaloosa, IA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 6.85% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 9.99% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 6.85% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 6.35% |
| Adrian, MI (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 9.25% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 9.24% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 135 | $10,205,000 | $75,593 | $2,459 | 6.85% |
For 2018, Star Usa Federal Credit Union's most frequently originated type of loan was Conventional, with 135 originations.
Loan Reason
For 2018, Star Usa Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 117 originations. The 2nd most popular reason was Refi, with 13 originations.
Loan Duration/Length
For 2018, Star Usa Federal Credit Union's most frequently cited loan duration was 15 Year, with 52 originations. The 2nd most popular length was 20 Year, with 52 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 28 | $4,330,000 | $154,643 |
| $2k-3k | 1 | $205,000 | $205,000 |
Star Usa Federal Credit Union's average total fees were $3,054, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 28 originations.
Interest Rates
During 2018, Star Usa Federal Credit Union's average interest rate for loans was 3.79%, while their most frequently originated rate bucket for loans was Over 8%, with 39 originations.
Loan Sizing
2018 saw Star Usa Federal Credit Union place emphasis on $100,000 or less loans with 110 originations, totaling $5,800,000 in origination value.
Applicant Income
Star Usa Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 44 originations. The second most popular income band? $50k or less, with 44 originations.
Applicant Debt to Income Ratio
Star Usa Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 55 originations. The next most common DTI ratio? 30-36%, with 37 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.14%
Star Usa Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination23.70%
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 |
|---|---|---|---|
| 0.0 | 1 | $45,000 | $45,000 |
| 1004.77 | 1 | $25,000 | $25,000 |
| 1006.37 | 1 | $25,000 | $25,000 |
| 1007.59 | 1 | $25,000 | $25,000 |
| 1022.25 | 1 | $85,000 | $85,000 |
| 1023.0 | 1 | $35,000 | $35,000 |
| 1029.0 | 1 | $15,000 | $15,000 |
| 1052.0 | 1 | $25,000 | $25,000 |
| 1268.1 | 1 | $45,000 | $45,000 |
| 1384.0 | 1 | $25,000 | $25,000 |
| 1435.0 | 1 | $35,000 | $35,000 |
| 1450.0 | 1 | $35,000 | $35,000 |
| 1533.48 | 1 | $45,000 | $45,000 |
| 1583.0 | 1 | $35,000 | $35,000 |
| 1594.0 | 1 | $35,000 | $35,000 |
| 1725.0 | 2 | $90,000 | $45,000 |
| 1900.0 | 1 | $45,000 | $45,000 |
| 1925.0 | 1 | $45,000 | $45,000 |
| 1999.0 | 1 | $55,000 | $55,000 |
| 2249.0 | 2 | $110,000 | $55,000 |
| 2273.0 | 1 | $65,000 | $65,000 |
| 2360.0 | 1 | $85,000 | $85,000 |
| 2400.0 | 1 | $55,000 | $55,000 |
| 2599.0 | 2 | $190,000 | $95,000 |
| 2925.0 | 1 | $75,000 | $75,000 |
| 2970.0 | 1 | $75,000 | $75,000 |
| 3085.0 | 1 | $95,000 | $95,000 |
| 313.0 | 1 | $35,000 | $35,000 |
| 3150.0 | 1 | $85,000 | $85,000 |
| 3154.84 | 1 | $125,000 | $125,000 |
| 3155.0 | 1 | $95,000 | $95,000 |
| 3195.0 | 1 | $125,000 | $125,000 |
| 402.3 | 1 | $15,000 | $15,000 |
| 532.96 | 1 | $35,000 | $35,000 |
| 583.96 | 1 | $35,000 | $35,000 |
| 638.26 | 1 | $45,000 | $45,000 |
| 742.5 | 1 | $25,000 | $25,000 |
| 749.0 | 56 | $2,910,000 | $51,964 |
| 770.1 | 1 | $25,000 | $25,000 |
| 816.72 | 1 | $65,000 | $65,000 |
| 882.0 | 1 | $25,000 | $25,000 |
| 899.34 | 1 | $65,000 | $65,000 |
| 900.0 | 1 | $25,000 | $25,000 |
| 920.92 | 1 | $75,000 | $75,000 |
| 941.59 | 1 | $75,000 | $75,000 |
| 980.46 | 1 | $75,000 | $75,000 |
| NA | 31 | $4,725,000 | $152,419 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 105 | $5,685,000 | $54,143 |
| Single Family (1-4 Units):Site-Built | 30 | $4,520,000 | $150,667 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Seterus, Inc. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 10 | 3.7% |
| Seterus, Inc. | Conventional home mortgage | Closing on a mortgage | 8 | 3.0% |
| Seterus, Inc. | Conventional home mortgage | Incorrect information on your report | 2 | 0.7% |
| Seterus, Inc. | Conventional home mortgage | Problem with a credit reporting company's investigation into an existing problem | 2 | 0.7% |
| Seterus, Inc. | Conventional home mortgage | Struggling to pay mortgage | 70 | 26.0% |
| Seterus, Inc. | Conventional home mortgage | Trouble during payment process | 114 | 42.4% |
| Seterus, Inc. | FHA mortgage | Closing on a mortgage | 4 | 1.5% |
| Seterus, Inc. | FHA mortgage | Struggling to pay mortgage | 10 | 3.7% |
| Seterus, Inc. | FHA mortgage | Trouble during payment process | 9 | 3.3% |
| Seterus, Inc. | Home equity loan or line of credit (HELOC) | Incorrect information on your report | 1 | 0.4% |
| Seterus, Inc. | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 1 | 0.4% |
| Seterus, Inc. | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 0.4% |
| Seterus, Inc. | Other type of mortgage | Incorrect information on your report | 2 | 0.7% |
| Seterus, Inc. | Other type of mortgage | Struggling to pay mortgage | 17 | 6.3% |
| Seterus, Inc. | Other type of mortgage | Trouble during payment process | 18 | 6.7% |