Statewide Federal Credit Union Mortgage Rates, Fees & Info
Flowood, MSLEI: 549300CD29U5MGKVD387
Tax ID: 64-0338438
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Mortgage Data
Review & Overview
Statewide Federal Credit Union is a smaller credit union specializing in Home Purchase, Refi, and Cash Out Refi loans. Statewide Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Starkville, Jackson, Oxford, Tupelo, and Cleveland among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Statewide Federal Credit Union has an above 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
19Origination Dollar Volume (All Markets)
$3,075,000Top 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 |
|---|---|---|---|---|---|
| Starkville, MS (FHA|USDA|VA) | 6 | $1,190,000 | $198,333 | $0 | 0.00% |
| JACKSON, MS (FHA|USDA|VA) | 7 | $715,000 | $102,143 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $350,000 | $175,000 | $0 | 0.00% |
| Oxford, MS (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| Tupelo, MS (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| Cleveland, MS (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| West Point, MS (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 19 | $3,075,000 | $161,842 | $0 | 0.00% |
For 2021, Statewide Federal Credit Union's most frequently originated type of loan was Conventional, with 19 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 7 | $1,225,000 | $175,000 | $0 | 0.00% |
| Refi | 7 | $1,165,000 | $166,429 | $0 | 0.00% |
| Cash Out Refi | 5 | $685,000 | $137,000 | $0 | 0.00% |
For 2021, Statewide Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 7 originations. The 2nd most popular reason was Refi, with 7 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 19 | $3,075,000 | $161,842 | $0 | 0.00% |
For 2021, Statewide Federal Credit Union's most frequently cited loan duration was Other, with 19 originations.
Loan Sizing
2021 saw Statewide Federal Credit Union place emphasis on $100k-200k loans with 7 originations, totaling $1,055,000 in origination value.
Applicant Income
Statewide Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 7 originations. The second most popular income band? $50k-75k, with 4 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 19 | $3,075,000 | $161,842 | $0 | 0.00% |
Statewide Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 19 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
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 origination78.95%
Statewide Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 19 | $3,075,000 | $161,842 |