Statewide Federal Credit Union Mortgage Rates, Fees & Info

Flowood, MS

LEI: 549300CD29U5MGKVD387

Tax ID: 64-0338438

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

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Mortgage Data

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

    Statewide Federal Credit Union is a smaller credit union specializing in Home Purchase, Cash Out Refi, and Refi loans. Statewide Federal Credit Union has a high proportion of conventional loans. Their top (well, only) market is Jackson.

    Statewide Federal Credit Union has an above average approval rate when compared to the average across all lenders.

    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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    Originations

    26

    Origination Dollar Volume (All Markets)

    $5,770,000

    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
    JACKSON, MS (FHA|USDA|VA) 15 $3,215,000 $214,333 $0 0.00%
    Outside of Metro Areas 11 $2,555,000 $232,273 $0 0.00%
    Statewide Federal Credit Union's top markets include and Jackson among others.

    Their top states include:
  • Mississippi (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 26 $5,770,000 $221,923 $0 0.00%

    For 2019, Statewide Federal Credit Union's most frequently originated type of loan was Conventional, with 26 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 11 $2,165,000 $196,818 $0 0.00%
    Cash Out Refi 9 $1,705,000 $189,444 $0 0.00%
    Refi 6 $1,900,000 $316,667 $0 0.00%

    For 2019, Statewide Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 11 originations. The 2nd most popular reason was Cash Out Refi, with 9 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 26 $5,770,000 $221,923 $0 0.00%

    For 2019, Statewide Federal Credit Union's most frequently cited loan duration was Other, with 26 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 11 $2,735,000 $248,636 $0 0.00%
    $100k-200k 9 $1,455,000 $161,667 $0 0.00%
    $100,000 or less 3 $225,000 $75,000 $0 0.00%
    $400k-600k 3 $1,355,000 $451,667 $0 0.00%

    2019 saw Statewide Federal Credit Union place emphasis on $200k-400k loans with 11 originations, totaling $2,735,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 8 $2,080,000 $260,000 $0 0.00%
    $50k-75k 6 $890,000 $148,333 $0 0.00%
    $150k-250k 5 $1,405,000 $281,000 $0 0.00%
    $75k-100k 5 $735,000 $147,000 $0 0.00%
    $250k+ 1 $455,000 $455,000 $0 0.00%
    $50k or less 1 $205,000 $205,000 $0 0.00%

    Statewide Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 8 originations. The second most popular income band? $50k-75k, with 6 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 26 $5,770,000 $221,923 $0 0.00%

    Statewide Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 26 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 25 $5,555,000 $222,200 $0 0.00%
    Black 1 $215,000 $215,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.30%

    Statewide Federal Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 26 $5,770,000 $221,923

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 26 $5,770,000 $221,923

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Statewide Mortgage, LLC VA mortgage Closing on a mortgage 1 100.0%