Statewide Federal Credit Union Mortgage Rates, Fees & Info
Flowood, MSLEI: 549300CD29U5MGKVD387
Tax ID: 64-0338438
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Statewide Federal Credit Union is a smaller credit union specializing in Home Purchase 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, Columbus, and West Point among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Statewide 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
13Origination Dollar Volume (All Markets)
$2,195,000Top 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) | 5 | $1,105,000 | $221,000 | $0 | 0.00% |
| JACKSON, MS (FHA|USDA|VA) | 4 | $600,000 | $150,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $320,000 | $160,000 | $0 | 0.00% |
| Columbus, MS (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| West Point, MS (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 13 | $2,195,000 | $168,846 | $0 | 0.00% |
For 2022, Statewide Federal Credit Union's most frequently originated type of loan was Conventional, with 13 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 7 | $1,105,000 | $157,857 | $0 | 0.00% |
| Refi | 3 | $385,000 | $128,333 | $0 | 0.00% |
| Cash Out Refi | 3 | $705,000 | $235,000 | $0 | 0.00% |
For 2022, Statewide Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 7 originations. The 2nd most popular reason was Refi, with 3 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 13 | $2,195,000 | $168,846 | $0 | 0.00% |
For 2022, Statewide Federal Credit Union's most frequently cited loan duration was Other, with 13 originations.
Loan Sizing
2022 saw Statewide Federal Credit Union place emphasis on $100k-200k loans with 6 originations, totaling $870,000 in origination value.
Applicant Income
Statewide Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 4 originations. The second most popular income band? $50k-75k, with 3 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 13 | $2,195,000 | $168,846 | $0 | 0.00% |
Statewide Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 13 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 7 | $1,275,000 | $182,143 | $0 | 0.00% |
| Not provided | 3 | $585,000 | $195,000 | $0 | 0.00% |
| Black | 3 | $335,000 | $111,667 | $0 | 0.00% |
Approval Rates
Total approvals of all applications77.27%
Statewide Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination69.23%
Statewide 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 |
|---|---|---|---|
| Exempt | 13 | $2,195,000 | $168,846 |