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: Huntington, Charleston, Beckley, Morgantown, and Minneapolis 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% | 12/16/24 |
| 15 Year Conventional Purchase | 10.39% | 12/16/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
150Origination Dollar Volume (All Markets)
$11,490,000Awards
STAR USA FEDERAL CREDIT UNION - 2019
STAR USA FEDERAL CREDIT UNION is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 11 | $1,715,000 | $155,909 | $2,333 | 3.52% |
| CHARLESTON, WV (FHA|USDA|VA) | 11 | $1,515,000 | $137,727 | $14,316 | 3.87% |
| BECKLEY, WV (FHA|USDA|VA) | 6 | $1,150,000 | $191,667 | $2,337 | 3.85% |
| MORGANTOWN, WV (FHA|USDA|VA) | 5 | $1,005,000 | $201,000 | $3,226 | 7.03% |
| Outside of Metro Areas | 8 | $500,000 | $62,500 | $2,235 | 7.58% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 8 | $500,000 | $62,500 | $0 | 8.92% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 8 | $440,000 | $55,000 | $0 | 8.32% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 9 | $425,000 | $47,222 | $0 | 8.40% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 6 | $260,000 | $43,333 | $0 | 7.70% |
| Point Pleasant, WV-OH (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $1,569 | 4.38% |
| LANCASTER, PA (FHA|USDA|VA) | 5 | $195,000 | $39,000 | $0 | 8.93% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 7.25% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 5 | $175,000 | $35,000 | $0 | 7.41% |
| Bluefield, WV-VA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,324 | 3.63% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 8.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 7.82% |
| GETTYSBURG, PA (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 8.43% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,268 | 3.75% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 6.80% |
| FORT COLLINS, CO (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $0 | 6.80% |
| ST. CLOUD, MN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 9.70% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 7.25% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 7.25% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,962 | 4.00% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 6.99% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $0 | 9.30% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $0 | 8.75% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 7.25% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 8.75% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 7.25% |
| Outside of Metro Areas | 2 | $70,000 | $35,000 | $0 | 8.22% |
| UTICA-ROME, NY (FHA|USDA|VA) | 2 | $60,000 | $30,000 | $0 | 6.99% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 2 | $60,000 | $30,000 | $0 | 8.00% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 2 | $60,000 | $30,000 | $0 | 7.25% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 2 | $60,000 | $30,000 | $0 | 6.99% |
| ROCHESTER, NY (FHA|USDA|VA) | 2 | $60,000 | $30,000 | $0 | 8.25% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 9.70% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.75% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 7.75% |
| Owatonna, MN (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 9.05% |
| PARKERSBURG-VIENNA, WV (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 9.45% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 9.35% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 2 | $50,000 | $25,000 | $0 | 8.85% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 6.99% |
| Hillsdale, MI (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 6.99% |
| Oil City, PA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 7.24% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 9.50% |
| Glenwood Springs, CO (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 6.99% |
| TOLEDO, OH (FHA|USDA|VA) | 2 | $40,000 | $20,000 | $0 | 8.85% |
| SIOUX FALLS, SD (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 6.99% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 9.75% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 7.25% |
| MUSKEGON, MI (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 8.25% |
| LAWRENCE, KS (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 7.99% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 7.00% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 8.99% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 7.70% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 7.25% |
| FLINT, MI (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 9.99% |
| ERIE, PA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 6.75% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 7.24% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 9.75% |
| WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 7.24% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 150 | $11,490,000 | $76,600 | $6,142 | 7.11% |
For 2019, Star Usa Federal Credit Union's most frequently originated type of loan was Conventional, with 150 originations.
Loan Reason
For 2019, Star Usa Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 120 originations. The 2nd most popular reason was Refi, with 25 originations.
Loan Duration/Length
For 2019, Star Usa Federal Credit Union's most frequently cited loan duration was 15 Year, with 67 originations. The 2nd most popular length was 20 Year, with 54 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 31 | $4,545,000 | $146,613 |
Star Usa Federal Credit Union's average total fees were $2,504, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 31 originations.
Interest Rates
During 2019, Star Usa Federal Credit Union's average interest rate for loans was 3.99%, while their most frequently originated rate bucket for loans was Over 8%, with 55 originations.
Loan Sizing
2019 saw Star Usa Federal Credit Union place emphasis on $100,000 or less loans with 115 originations, totaling $5,315,000 in origination value.
Applicant Income
Star Usa Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 50 originations. The second most popular income band? $50k or less, with 48 originations.
Applicant Debt to Income Ratio
Star Usa Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 43 originations. The next most common DTI ratio? 30-36%, with 33 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.29%
Star Usa Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination-5.33%
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 | $55,000 | $55,000 |
| 1000.0 | 5 | $95,000 | $19,000 |
| 1013.0 | 1 | $25,000 | $25,000 |
| 1077.85 | 1 | $85,000 | $85,000 |
| 1094.0 | 1 | $25,000 | $25,000 |
| 1121.92 | 1 | $35,000 | $35,000 |
| 1149.11 | 1 | $45,000 | $45,000 |
| 1165.0 | 1 | $25,000 | $25,000 |
| 1230.0 | 1 | $25,000 | $25,000 |
| 1236.0 | 1 | $25,000 | $25,000 |
| 1290.0 | 1 | $25,000 | $25,000 |
| 1330.0 | 1 | $45,000 | $45,000 |
| 1350.0 | 1 | $25,000 | $25,000 |
| 1386.0 | 1 | $25,000 | $25,000 |
| 1395.0 | 1 | $45,000 | $45,000 |
| 1563.0 | 1 | $55,000 | $55,000 |
| 1596.0 | 1 | $35,000 | $35,000 |
| 1634.7 | 1 | $55,000 | $55,000 |
| 1660.0 | 1 | $35,000 | $35,000 |
| 1663.85 | 1 | $75,000 | $75,000 |
| 1690.0 | 1 | $55,000 | $55,000 |
| 1751.0 | 1 | $35,000 | $35,000 |
| 1990.18 | 1 | $45,000 | $45,000 |
| 200.0 | 1 | $25,000 | $25,000 |
| 2046.0 | 1 | $45,000 | $45,000 |
| 2049.0 | 1 | $45,000 | $45,000 |
| 2145.0 | 1 | $45,000 | $45,000 |
| 2150.0 | 1 | $55,000 | $55,000 |
| 2199.0 | 1 | $45,000 | $45,000 |
| 2200.0 | 1 | $75,000 | $75,000 |
| 2398.0 | 1 | $55,000 | $55,000 |
| 2600.0 | 1 | $55,000 | $55,000 |
| 2859.6 | 1 | $105,000 | $105,000 |
| 3000.0 | 1 | $105,000 | $105,000 |
| 3025.0 | 1 | $105,000 | $105,000 |
| 3132.0 | 1 | $105,000 | $105,000 |
| 3356.0 | 1 | $75,000 | $75,000 |
| 3529.95 | 1 | $75,000 | $75,000 |
| 3626.0 | 1 | $75,000 | $75,000 |
| 412.0 | 1 | $15,000 | $15,000 |
| 417.9 | 1 | $25,000 | $25,000 |
| 4200.0 | 1 | $105,000 | $105,000 |
| 435.68 | 1 | $45,000 | $45,000 |
| 446.0 | 1 | $25,000 | $25,000 |
| 456.5 | 1 | $25,000 | $25,000 |
| 460.0 | 1 | $15,000 | $15,000 |
| 512.38 | 2 | $70,000 | $35,000 |
| 557.5 | 1 | $35,000 | $35,000 |
| 562.36 | 1 | $35,000 | $35,000 |
| 579.0 | 1 | $25,000 | $25,000 |
| 607.08 | 1 | $45,000 | $45,000 |
| 615.0 | 1 | $25,000 | $25,000 |
| 700.0 | 2 | $70,000 | $35,000 |
| 702.0 | 1 | $25,000 | $25,000 |
| 710.44 | 1 | $55,000 | $55,000 |
| 712.0 | 1 | $55,000 | $55,000 |
| 749.0 | 47 | $2,595,000 | $55,213 |
| 756.0 | 1 | $25,000 | $25,000 |
| 802.2 | 1 | $25,000 | $25,000 |
| 855.0 | 1 | $25,000 | $25,000 |
| 912.0 | 1 | $35,000 | $35,000 |
| 960.41 | 1 | $25,000 | $25,000 |
| 999.0 | 1 | $35,000 | $35,000 |
| NA | 35 | $5,945,000 | $169,857 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 119 | $6,065,000 | $50,966 |
| Single Family (1-4 Units):Site-Built | 31 | $5,425,000 | $175,000 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Storehouse Mortgage, LLC | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |