Servu Federal Credit Union Mortgage Rates, Fees & Info
Painted Post, NYLEI: 5493006MFBT1AI7V3W25
Tax ID: 16-6041830
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Servu Federal Credit Union is a smaller credit union specializing in Other, Refi, and Home Purchase loans. Servu Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Corning, Rochester, Elmira, Syracuse, and Utica among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)Servu 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.
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Originations
351Origination Dollar Volume (All Markets)
$24,855,000Top 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 |
|---|---|---|---|---|---|
| Corning, NY (FHA|USDA|VA) | 220 | $15,150,000 | $68,864 | $0 | 0.00% |
| Outside of Metro Areas | 57 | $4,105,000 | $72,018 | $0 | 0.00% |
| ROCHESTER, NY (FHA|USDA|VA) | 40 | $3,450,000 | $86,250 | $0 | 0.00% |
| ELMIRA, NY (FHA|USDA|VA) | 29 | $1,745,000 | $60,172 | $0 | 0.00% |
| SYRACUSE, NY (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| UTICA-ROME, NY (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| BINGHAMTON, NY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| Seneca Falls, NY (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 351 | $24,855,000 | $70,812 | $0 | 0.00% |
For 2024, Servu Federal Credit Union's most frequently originated type of loan was Conventional, with 351 originations.
Loan Reason
For 2024, Servu Federal Credit Union's most frequently cited loan purpose was Other, with 123 originations. The 2nd most popular reason was Home Improvement, with 68 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 351 | $24,855,000 | $70,812 | $0 | 0.00% |
For 2024, Servu Federal Credit Union's most frequently cited loan duration was Other, with 351 originations.
Loan Sizing
2024 saw Servu Federal Credit Union place emphasis on $100,000 or less loans with 280 originations, totaling $14,310,000 in origination value.
Applicant Income
Servu Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 89 originations. The second most popular income band? $75k-100k, with 82 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 351 | $24,855,000 | $70,812 | $0 | 0.00% |
Servu Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 351 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 349 | $24,755,000 | $70,931 | $0 | 0.00% |
| American Indian | 1 | $75,000 | $75,000 | $0 | 0.00% |
| Black | 1 | $25,000 | $25,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications88.13%
Servu Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination83.48%
Servu Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 351 | $24,855,000 | $70,812 |