Star Usa Federal Credit Union Mortgage Rates, Fees & Info

Charleston, WV

LEI: 5493002Z4GZF8C2F3T27

Tax ID: 25-6035142

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    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: Huntington, Charleston, Orlando, Detroit, and Grand Rapids among others. We have data for 80 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% 4/28/24
    15 Year Conventional Purchase 10.39% 4/28/24
    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

    152

    Origination Dollar Volume (All Markets)

    $9,760,000

    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) 5 $955,000 $191,000 $2,212 3.34%
    CHARLESTON, WV (FHA|USDA|VA) 6 $830,000 $138,333 $2,050 3.29%
    Outside of Metro Areas 13 $785,000 $60,385 $1,941 6.91%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 7 $575,000 $82,143 $0 6.93%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 8 $390,000 $48,750 $0 8.22%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 6 $350,000 $58,333 $0 7.42%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $335,000 $111,667 $0 7.25%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 2 $210,000 $105,000 $0 8.13%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 2 $200,000 $100,000 $0 8.00%
    FLINT, MI (FHA|USDA|VA) 4 $190,000 $47,500 $0 8.63%
    COLUMBIA, MO (FHA|USDA|VA) 1 $185,000 $185,000 $0 8.25%
    BECKLEY, WV (FHA|USDA|VA) 2 $180,000 $90,000 $2,214 4.60%
    WICHITA, KS (FHA|USDA|VA) 5 $155,000 $31,000 $0 7.85%
    FOND DU LAC, WI (FHA|USDA|VA) 4 $150,000 $37,500 $0 8.50%
    GREELEY, CO (FHA|USDA|VA) 2 $150,000 $75,000 $0 8.25%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 4 $140,000 $35,000 $0 8.19%
    LEBANON, PA (FHA|USDA|VA) 1 $135,000 $135,000 $0 9.50%
    RAPID CITY, SD (FHA|USDA|VA) 1 $125,000 $125,000 $0 10.25%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 2 $120,000 $60,000 $0 10.00%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 4 $120,000 $30,000 $0 7.81%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 2 $120,000 $60,000 $0 8.38%
    PITTSBURGH, PA (FHA|USDA|VA) 2 $120,000 $60,000 $0 8.88%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $115,000 $115,000 $0 8.00%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 2 $110,000 $55,000 $0 8.13%
    FORT WAYNE, IN (FHA|USDA|VA) 2 $100,000 $50,000 $0 8.50%
    Winona, MN (FHA|USDA|VA) 1 $95,000 $95,000 $0 8.75%
    Wabash, IN (FHA|USDA|VA) 1 $95,000 $95,000 $0 8.00%
    Ottawa, IL (FHA|USDA|VA) 1 $95,000 $95,000 $0 9.75%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 2 $90,000 $45,000 $0 7.75%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 2 $90,000 $45,000 $0 8.63%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $85,000 $85,000 $0 8.00%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 1 $85,000 $85,000 $0 9.25%
    KANKAKEE, IL (FHA|USDA|VA) 1 $85,000 $85,000 $0 8.00%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $85,000 $85,000 $0 6.25%
    YORK-HANOVER, PA (FHA|USDA|VA) 1 $85,000 $85,000 $0 8.50%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $85,000 $85,000 $0 7.00%
    APPLETON, WI (FHA|USDA|VA) 2 $80,000 $40,000 $0 7.75%
    Menomonie, WI (FHA|USDA|VA) 1 $75,000 $75,000 $0 8.00%
    DULUTH, MN-WI (FHA|USDA|VA) 1 $75,000 $75,000 $0 7.50%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $75,000 $75,000 $0 5.75%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $75,000 $75,000 $0 6.50%
    JEFFERSON CITY, MO (FHA|USDA|VA) 1 $75,000 $75,000 $0 8.25%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 2 $70,000 $35,000 $0 8.50%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $65,000 $65,000 $0 8.00%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $65,000 $65,000 $0 9.00%
    Edwards, CO (FHA|USDA|VA) 1 $65,000 $65,000 $0 7.75%
    WILLIAMSPORT, PA (FHA|USDA|VA) 1 $65,000 $65,000 $0 9.00%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $65,000 $65,000 $0 5.75%
    Adrian, MI (FHA|USDA|VA) 2 $60,000 $30,000 $0 6.75%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $60,000 $30,000 $0 6.88%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $55,000 $55,000 $0 6.25%
    KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $55,000 $55,000 $0 9.50%
    Washington Court House, OH (FHA|USDA|VA) 1 $45,000 $45,000 $0 9.75%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $45,000 $45,000 $0 7.75%
    BILLINGS, MT (FHA|USDA|VA) 1 $45,000 $45,000 $0 6.25%
    NILES, MI (FHA|USDA|VA) 1 $45,000 $45,000 $0 9.75%
    IOWA CITY, IA (FHA|USDA|VA) 1 $45,000 $45,000 $0 7.75%
    CASPER, WY (FHA|USDA|VA) 1 $45,000 $45,000 $0 8.75%
    BLOOMINGTON, IN (FHA|USDA|VA) 1 $45,000 $45,000 $0 8.75%
    ANN ARBOR, MI (FHA|USDA|VA) 1 $35,000 $35,000 $0 8.00%
    MORGANTOWN, WV (FHA|USDA|VA) 1 $35,000 $35,000 $0 7.50%
    GLENS FALLS, NY (FHA|USDA|VA) 1 $35,000 $35,000 $0 7.50%
    DUBUQUE, IA (FHA|USDA|VA) 1 $35,000 $35,000 $0 8.25%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $35,000 $35,000 $0 7.50%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $35,000 $35,000 $0 6.75%
    SPRINGFIELD, OH (FHA|USDA|VA) 1 $35,000 $35,000 $0 7.50%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $25,000 $25,000 $0 7.25%
    Williston, ND (FHA|USDA|VA) 1 $25,000 $25,000 $0 8.00%
    JACKSON, MI (FHA|USDA|VA) 1 $25,000 $25,000 $0 8.25%
    BLOOMINGTON, IL (FHA|USDA|VA) 1 $25,000 $25,000 $0 9.50%
    MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $25,000 $25,000 $0 9.25%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $25,000 $25,000 $0 7.00%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $25,000 $25,000 $0 9.25%
    Macomb, IL (FHA|USDA|VA) 1 $25,000 $25,000 $0 7.75%
    Bluffton, IN (FHA|USDA|VA) 1 $25,000 $25,000 $0 7.50%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $15,000 $15,000 $0 7.75%
    Findlay, OH (FHA|USDA|VA) 1 $15,000 $15,000 $0 7.50%
    KNOXVILLE, TN (FHA|USDA|VA) 1 $15,000 $15,000 $0 9.00%
    SIOUX FALLS, SD (FHA|USDA|VA) 1 $15,000 $15,000 $0 8.00%
    DOVER, DE (FHA|USDA|VA) 1 $15,000 $15,000 $0 8.25%
    Star Usa Federal Credit Union's top markets include Huntington, Charleston, Orlando, Detroit, and Grand Rapids among others.

    Their top states include:
  • West Virginia (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 152 $9,760,000 $64,211 $2,084 7.52%

    For 2022, Star Usa Federal Credit Union's most frequently originated type of loan was Conventional, with 152 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 138 $7,990,000 $57,899 $2,136 7.84%
    Refi 12 $1,590,000 $132,500 $2,185 4.35%
    Cash Out Refi 2 $180,000 $90,000 $1,501 4.63%

    For 2022, Star Usa Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 138 originations. The 2nd most popular reason was Refi, with 12 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 75 $6,015,000 $80,200 $2,088 6.90%
    20 Year 63 $3,015,000 $47,857 $0 8.26%
    15 Year 13 $575,000 $44,231 $0 7.83%
    30 Year 1 $155,000 $155,000 $2,026 3.75%

    For 2022, Star Usa Federal Credit Union's most frequently cited loan duration was Other, with 75 originations. The 2nd most popular length was 20 Year, with 63 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 15 $2,225,000 $148,333

    Star Usa Federal Credit Union's average total fees were $2,026, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 15 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    7-8% 61 $3,165,000 $51,885
    Over 8% 52 $2,710,000 $52,115
    6-7% 13 $735,000 $56,538
    5-6% 10 $810,000 $81,000
    3-4% 8 $1,230,000 $153,750
    2.5-3% 5 $795,000 $159,000
    4-5% 2 $180,000 $90,000
    <2.5% 1 $135,000 $135,000

    During 2022, Star Usa Federal Credit Union's average interest rate for loans was 3.75%, while their most frequently originated rate bucket for loans was 7-8%, with 61 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 131 $6,435,000 $49,122 $1,613 7.90%
    $100k-200k 19 $2,765,000 $145,526 $2,186 5.26%
    $200k-400k 2 $560,000 $280,000 $2,839 4.25%

    2022 saw Star Usa Federal Credit Union place emphasis on $100,000 or less loans with 131 originations, totaling $6,435,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 55 $2,405,000 $43,727 $2,152 7.86%
    $50k-75k 50 $2,970,000 $59,400 $1,830 7.80%
    $75k-100k 26 $1,960,000 $75,385 $2,089 7.23%
    $100k-150k 13 $1,125,000 $86,538 $1,791 6.91%
    $150k-250k 8 $1,300,000 $162,500 $2,364 5.39%

    Star Usa Federal Credit Union lent most frequently to those with incomes in the $50k or less range, with 55 originations. The second most popular income band? $50k-75k, with 50 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 45 $2,965,000 $65,889 $2,037 7.25%
    30-36% 24 $1,770,000 $73,750 $1,984 7.58%
    <20% 16 $1,120,000 $70,000 $2,132 6.30%
    39% 12 $630,000 $52,500 $0 7.96%
    37% 11 $695,000 $63,182 $0 8.32%
    38% 7 $305,000 $43,571 $0 7.68%
    40% 7 $405,000 $57,857 $0 7.89%
    42% 6 $430,000 $71,667 $0 7.71%
    36% 5 $315,000 $63,000 $2,254 6.64%
    47% 3 $205,000 $68,333 $0 9.17%
    43% 3 $195,000 $65,000 $0 9.33%
    44% 3 $135,000 $45,000 $0 7.75%
    48% 3 $245,000 $81,667 $2,253 6.58%
    41% 2 $60,000 $30,000 $0 9.25%
    45% 2 $140,000 $70,000 $0 8.88%
    46% 2 $110,000 $55,000 $0 8.13%
    49% 1 $35,000 $35,000 $0 8.00%

    Star Usa Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 45 originations. The next most common DTI ratio? 30-36%, with 24 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 94 $6,370,000 $67,766 $2,084 7.12%
    Not provided 52 $2,960,000 $56,923 $0 8.18%
    American Indian 2 $200,000 $100,000 $0 9.63%
    Asian 2 $180,000 $90,000 $0 6.50%
    Black 2 $50,000 $25,000 $0 8.25%

    Approval Rates

    Total approvals of all applications
    88.70%

    Star Usa Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    -78.95%

    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 2 $40,000 $20,000
    1018.75 1 $35,000 $35,000
    1115.37 1 $35,000 $35,000
    1116.53 1 $35,000 $35,000
    1139.24 1 $35,000 $35,000
    1219.77 1 $45,000 $45,000
    1224.33 1 $45,000 $45,000
    1230.0 1 $35,000 $35,000
    1273.82 1 $45,000 $45,000
    1282.81 1 $45,000 $45,000
    1284.82 1 $45,000 $45,000
    1322.83 1 $45,000 $45,000
    1390.56 1 $45,000 $45,000
    1400.0 1 $35,000 $35,000
    1525.51 1 $35,000 $35,000
    1534.81 1 $55,000 $55,000
    1560.0 1 $35,000 $35,000
    1563.53 1 $55,000 $55,000
    1645.0 1 $35,000 $35,000
    1693.59 1 $35,000 $35,000
    1699.0 1 $45,000 $45,000
    1722.1 1 $35,000 $35,000
    1792.77 1 $55,000 $55,000
    1852.57 1 $65,000 $65,000
    1875.22 1 $65,000 $65,000
    1886.43 1 $65,000 $65,000
    1935.0 1 $45,000 $45,000
    1986.02 1 $65,000 $65,000
    2188.98 1 $45,000 $45,000
    2256.0 1 $55,000 $55,000
    2258.0 1 $55,000 $55,000
    2261.69 1 $125,000 $125,000
    2289.8 1 $45,000 $45,000
    2296.82 1 $75,000 $75,000
    2407.72 1 $85,000 $85,000
    2416.49 1 $85,000 $85,000
    2461.63 1 $85,000 $85,000
    2576.82 1 $65,000 $65,000
    2756.12 1 $95,000 $95,000
    2761.41 1 $65,000 $65,000
    2950.0 1 $65,000 $65,000
    2968.65 1 $65,000 $65,000
    2982.02 1 $95,000 $95,000
    3050.6 1 $75,000 $75,000
    3330.0 1 $75,000 $75,000
    3424.92 1 $115,000 $115,000
    3598.0 1 $85,000 $85,000
    3700.0 1 $85,000 $85,000
    3890.0 1 $85,000 $85,000
    400.0 1 $15,000 $15,000
    405.59 1 $25,000 $25,000
    4199.0 1 $135,000 $135,000
    4270.14 1 $95,000 $95,000
    4427.98 1 $115,000 $115,000
    5208.54 1 $135,000 $135,000
    570.59 1 $15,000 $15,000
    590.89 1 $45,000 $45,000
    591.08 1 $15,000 $15,000
    618.3 1 $25,000 $25,000
    730.54 1 $25,000 $25,000
    742.0 1 $15,000 $15,000
    750.0 1 $25,000 $25,000
    752.15 1 $25,000 $25,000
    796.05 1 $25,000 $25,000
    803.34 1 $25,000 $25,000
    833.71 1 $15,000 $15,000
    877.32 1 $25,000 $25,000
    955.19 1 $35,000 $35,000
    984.71 1 $35,000 $35,000
    993.86 1 $35,000 $35,000
    9999.0 64 $3,610,000 $56,406
    NA 17 $2,365,000 $139,118

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    152 $9,760,000 $64,211

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2 $120,000 $60,000 $1,950 5.13%
    40-60% 7 $645,000 $92,143 $2,225 4.44%
    60-80% 43 $2,555,000 $59,419 $2,321 7.18%
    80-100% 99 $6,415,000 $64,798 $1,789 7.96%
    Under 20% 1 $25,000 $25,000 $975 5.50%