Alaska Usa Federal Credit Union Mortgage Rates, Fees & Info

Anchorage, AK

LEI: 549300DK7QID2ZON6Q55

Tax ID: 92-0019874

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Mortgage Data

Review & Overview

Alaska Usa Federal Credit Union is a smaller credit union specializing in Home Purchase loans. Alaska Usa Federal Credit Union has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Seattle, Phoenix, Sierra Vista, Fairbanks, and Anchorage among others. We have data for 20 markets. (Some data included below & more in-depth data is available with an active subscription.)

Alaska Usa 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. Alaska 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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 7.68% 3/28/24
30 Year Conventional Refi 6.60% 3/28/24
30 Year Cash-out Refi 7.59% 3/28/24
30 Year FHA Purchase 7.74% 3/28/24
30 Year FHA Refi 6.27% 3/28/24
30 Year VA Purchase 5.90% 3/28/24
30 Year VA Refi 6.27% 3/28/24
30 Year USDA Purchase 6.27% 3/28/24
30 Year USDA Refi 6.27% 3/28/24
15 Year Conventional Purchase 8.99% 3/28/24
15 Year Conventional Refi 5.68% 3/28/24
15 Year Cash-out Refi 5.68% 3/28/24
15 Year VA Purchase 5.68% 3/28/24
15 Year VA Refi 5.68% 3/28/24
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.

Alaska 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 Alaska 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

264

Origination Dollar Volume (All Markets)

$96,660,000

Awards

Alaska USA Federal Credit Union 30 Year Conventional Loans gold Alaska USA Federal Credit Union 30 Year Conventional Loans bronze
Show all (2) awards

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
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 38 $66,420,000 $1,747,895 $387 5.37%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 49 $9,915,000 $202,347 $3,187 4.90%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 3 $7,195,000 $2,398,333 $2,366 4.57%
FAIRBANKS, AK (FHA|USDA|VA) 24 $3,690,000 $153,750 $285 5.66%
ANCHORAGE, AK (FHA|USDA|VA) 73 $2,805,000 $38,425 $390 6.19%
Outside of Metro Areas 43 $1,865,000 $43,372 $562 5.93%
BAKERSFIELD, CA (FHA|USDA|VA) 2 $1,300,000 $650,000 $0 5.50%
TUCSON, AZ (FHA|USDA|VA) 6 $1,270,000 $211,667 $1,922 4.77%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 5 $805,000 $161,000 $2,872 4.78%
FLAGSTAFF, AZ (FHA|USDA|VA) 1 $315,000 $315,000 $1,667 4.88%
Safford, AZ (FHA|USDA|VA) 1 $225,000 $225,000 $1,742 5.13%
YUMA, AZ (FHA|USDA|VA) 1 $225,000 $225,000 $2,804 4.13%
Oak Harbor, WA (FHA|USDA|VA) 2 $140,000 $70,000 $662 7.00%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $125,000 $125,000 $1,680 4.88%
Juneau, AK (FHA|USDA|VA) 6 $110,000 $18,333 $181 6.15%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 2 $100,000 $50,000 $131 6.00%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 3 $55,000 $18,333 $200 6.68%
Ketchikan, AK (FHA|USDA|VA) 2 $50,000 $25,000 $228 6.38%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $25,000 $25,000 $250 6.38%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $25,000 $25,000 $250 6.38%
Alaska Usa Federal Credit Union's top markets include Seattle, Phoenix, Sierra Vista, Fairbanks, and Anchorage among others.

Their top states include:
  • Washington (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Alaska (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Alaska USA Federal Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    TRUE NORTH FEDERAL CREDIT UNION
    Similarity Rank: 40
    FRONTWAVE
    Similarity Rank: 92
    CREDIT UNION 1
    Similarity Rank: 125
    GUARANTY MORTGAGE SERVICE, INC.
    Similarity Rank: 166
    O BEE
    Similarity Rank: 236
    Sno Falls Credit Union
    Similarity Rank: 309
    First National Bank Alaska
    Similarity Rank: 360
    American Interbanc Mortgage
    Similarity Rank: 364
    SAN DIEGO COUNTY CREDIT UNION
    Similarity Rank: 561

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 155 $92,345,000 $595,774 $1,526 5.35%
    FHA 98 $2,060,000 $21,020 $297 6.23%
    VA 10 $2,050,000 $205,000 $5,480 4.54%
    HELOC 1 $205,000 $205,000 n/a 5.75%

    For 2018, Alaska Usa Federal Credit Union's most frequently originated type of loan was Conventional, with 155 originations. Their 2nd most popular type was FHA, with 98 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 103 $2,085,000 $20,243 $252 6.21%
    Home Purchase 83 $76,775,000 $925,000 $3,128 4.76%
    Cash Out Refi 62 $4,600,000 $74,194 $746 6.10%
    Refi 14 $13,110,000 $936,429 $2,528 5.01%
    Other 2 $90,000 $45,000 $1,769 4.56%

    For 2018, Alaska Usa Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 103 originations. The 2nd most popular reason was Home Purchase, with 83 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 79 $2,585,000 $32,722 $359 6.53%
    30 Year 60 $10,920,000 $182,000 $2,934 4.72%
    15 Year 56 $30,920,000 $552,143 $844 5.41%
    Other 41 $51,595,000 $1,258,415 $292 5.24%
    10 Year 17 $455,000 $26,765 $315 6.43%
    5 Year 10 $160,000 $16,000 $396 5.88%
    3 Year 1 $25,000 $25,000 $249 6.38%

    For 2018, Alaska Usa Federal Credit Union's most frequently cited loan duration was 20 Year, with 79 originations. The 2nd most popular length was 30 Year, with 60 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 208 $15,510,000 $74,567
    $1k-2k 3 $765,000 $255,000
    $5k+ 1 $265,000 $265,000

    Alaska Usa Federal Credit Union's average total fees were $2,934, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 208 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 101 $87,015,000 $861,535
    6-7% 92 $2,080,000 $22,609
    5-6% 44 $6,070,000 $137,955
    7-8% 23 $1,175,000 $51,087
    3-4% 1 $265,000 $265,000
    Over 8% 1 $15,000 $15,000

    During 2018, Alaska Usa Federal Credit Union's average interest rate for loans was 4.72%, while their most frequently originated rate bucket for loans was 4-5%, with 101 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 162 $5,070,000 $31,296 $428 6.19%
    $100k-200k 38 $5,390,000 $141,842 $2,259 4.91%
    $200k-400k 29 $7,735,000 $266,724 $3,877 4.74%
    $1MM+ 20 $68,830,000 $3,441,500 $0 4.70%
    $600k-1MM 8 $6,560,000 $820,000 $0 4.95%
    $400k-600k 7 $3,075,000 $439,286 $0 4.43%

    2018 saw Alaska Usa Federal Credit Union place emphasis on $100,000 or less loans with 162 originations, totaling $5,070,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 74 $5,560,000 $75,135 $1,037 6.05%
    $50k-75k 47 $3,895,000 $82,872 $1,378 5.80%
    $75k-100k 39 $2,705,000 $69,359 $1,105 5.77%
    $150k-250k 29 $2,005,000 $69,138 $721 5.99%
    $50k or less 28 $2,320,000 $82,857 $1,780 5.14%
    $250k+ 15 $3,885,000 $259,000 $928 4.82%

    Alaska Usa Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 74 originations. The second most popular income band? $50k-75k, with 47 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 59 $4,055,000 $68,729 $920 5.65%
    30-36% 46 $3,730,000 $81,087 $1,372 5.83%
    <20% 16 $860,000 $53,750 $941 5.67%
    40% 13 $795,000 $61,154 $608 6.37%
    39% 12 $980,000 $81,667 $2,168 5.81%
    42% 10 $410,000 $41,000 $544 6.69%
    41% 10 $780,000 $78,000 $969 6.18%
    36% 9 $475,000 $52,778 $591 5.70%
    37% 8 $340,000 $42,500 $352 6.52%
    43% 8 $240,000 $30,000 $507 6.10%
    38% 8 $260,000 $32,500 $270 6.68%
    45% 4 $750,000 $187,500 $4,118 4.28%
    48% 3 $665,000 $221,667 $1,756 4.63%
    46% 3 $235,000 $78,333 $1,731 5.33%
    44% 3 $295,000 $98,333 $2,063 5.16%
    47% 2 $240,000 $120,000 $2,159 5.86%
    50-60% 2 $380,000 $190,000 $4,095 4.50%
    49% 1 $255,000 $255,000 $3,521 5.25%

    Alaska Usa Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 59 originations. The next most common DTI ratio? 30-36%, with 46 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 28 $70,360,000 $2,512,857 $160 4.82%
    White 172 $22,080,000 $128,372 $1,223 5.69%
    Not provided 48 $3,400,000 $70,833 $1,042 5.83%
    American Indian 7 $445,000 $63,571 $1,348 5.82%
    Asian 5 $225,000 $45,000 $760 6.13%
    Black 2 $90,000 $45,000 $928 5.58%
    Native Hawaiian or Islander 2 $60,000 $30,000 $212 6.95%

    Approval Rates

    Total approvals of all applications
    95.27%

    Alaska Usa 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
    45.83%

    Alaska 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
    NA 264 $96,660,000 $366,136

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 30 $76,140,000 $2,538,000
    Single Family (1-4 Units):Manufactured 9 $1,165,000 $129,444
    Single Family (1-4 Units):Site-Built 225 $19,355,000 $86,022

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 23 $3,045,000 $132,391 $864 5.71%
    40-60% 25 $23,175,000 $927,000 $1,308 5.03%
    60-80% 56 $59,890,000 $1,069,464 $2,056 4.97%
    80-100% 28 $5,700,000 $203,571 $3,141 4.65%
    Over 100% 1 $375,000 $375,000 $16,061 5.00%
    Under 20% 125 $3,165,000 $25,320 $284 6.34%