Siouxland Federal Credit Union Mortgage Rates, Fees & Info

South Sioux City, NE

LEI: 549300FX2QBKG7ZTBX37

Tax ID: 47-0520923

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

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

    Siouxland Federal Credit Union is a smaller credit union specializing in Refi and Home Purchase loans. Siouxland Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Sioux City, Spirit Lake, Vermillion, and Yankton among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Siouxland Federal Credit Union has a below average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Siouxland 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.75% 11/21/24
    30 Year Conventional Refi 6.64% 11/21/24
    30 Year FHA Purchase 6.27% 11/21/24
    30 Year FHA Refi 6.27% 11/21/24
    30 Year VA Purchase 6.27% 11/21/24
    15 Year Conventional Purchase 6.01% 11/21/24
    15 Year Conventional Refi 6.00% 11/21/24
    15 Year Cash-out Refi 6.00% 11/21/24
    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.

    Siouxland 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 Siouxland 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

    187

    Origination Dollar Volume (All Markets)

    $19,245,000

    Awards

    SIOUXLAND FEDERAL CREDIT UNION 30 Year Conventional Loans gold SIOUXLAND FEDERAL CREDIT UNION 30 Year Conventional Loans gold
    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
    SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 174 $17,720,000 $101,839 $1,665 4.75%
    Outside of Metro Areas 10 $880,000 $88,000 $1,701 4.94%
    Spirit Lake, IA (FHA|USDA|VA) 1 $535,000 $535,000 $3,280 3.27%
    Vermillion, SD (FHA|USDA|VA) 1 $85,000 $85,000 $2,111 3.27%
    Yankton, SD (FHA|USDA|VA) 1 $25,000 $25,000 $0 4.50%
    Siouxland Federal Credit Union's top markets include Sioux City, Spirit Lake, Vermillion, and Yankton among others.

    Their top states include:
  • Iowa (FHA|USDA|VA)
  • South Dakota (FHA|USDA|VA)
  • Nebraska (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against SIOUXLAND FEDERAL CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    SIOUXLAND FEDERAL CREDIT UNION
    Similarity Rank: 45
    Iowa Nebraska State Bank
    Similarity Rank: 50
    Central Bank
    Similarity Rank: 352
    IOWA BANKERS MORTGAGE CORPORATION
    Similarity Rank: 795
    Great Southern Bank
    Similarity Rank: 1104
    Northwest Bank
    Similarity Rank: 1127
    Plains Commerce Bank
    Similarity Rank: 2592
    GUILD MORTGAGE COMPANY
    Similarity Rank: 2605
    Mortgage Research Center, LLC
    Similarity Rank: 4510
    U.S. Bank
    Similarity Rank: 6568

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 162 $18,450,000 $113,889 $1,680 4.68%
    HELOC 25 $795,000 $31,800 n/a 5.17%

    For 2018, Siouxland Federal Credit Union's most frequently originated type of loan was Conventional, with 162 originations. Their 2nd most popular type was HELOC, with 25 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 100 $10,270,000 $102,700 $1,366 4.66%
    Home Improvement 45 $1,795,000 $39,889 $567 5.32%
    Home Purchase 42 $7,180,000 $170,952 $3,263 4.35%

    For 2018, Siouxland Federal Credit Union's most frequently cited loan purpose was Refi, with 100 originations. The 2nd most popular reason was Home Improvement, with 45 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 55 $11,885,000 $216,091 $3,145 4.04%
    10 Year 54 $2,680,000 $49,630 $1,058 5.07%
    Other 38 $1,150,000 $30,263 $520 5.13%
    15 Year 27 $2,965,000 $109,815 $1,479 4.73%
    5 Year 8 $140,000 $17,500 $361 5.39%
    20 Year 4 $420,000 $105,000 $2,950 4.88%
    3 Year 1 $5,000 $5,000 $259 6.00%

    For 2018, Siouxland Federal Credit Union's most frequently cited loan duration was 30 Year, with 55 originations. The 2nd most popular length was 10 Year, with 54 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 104 $6,780,000 $65,192
    $1k-2k 28 $4,700,000 $167,857
    $2k-3k 12 $3,230,000 $269,167
    $3k-4k 4 $1,400,000 $350,000
    $5k+ 2 $1,210,000 $605,000

    Siouxland Federal Credit Union's average total fees were $3,145, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 104 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 62 $4,840,000 $78,065
    5-6% 59 $3,515,000 $59,576
    3-4% 44 $9,580,000 $217,727
    6-7% 18 $710,000 $39,444
    7-8% 2 $30,000 $15,000
    2.5-3% 1 $415,000 $415,000

    During 2018, Siouxland Federal Credit Union's average interest rate for loans was 4.04%, while their most frequently originated rate bucket for loans was 4-5%, with 62 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 125 $4,985,000 $39,880 $829 5.11%
    $100k-200k 33 $4,335,000 $131,364 $2,414 4.20%
    $200k-400k 23 $6,305,000 $274,130 $3,505 3.89%
    $400k-600k 4 $1,940,000 $485,000 $4,129 3.20%
    $1MM+ 1 $1,005,000 $1,005,000 $1,440 3.50%
    $600k-1MM 1 $675,000 $675,000 $8,773 3.27%

    2018 saw Siouxland Federal Credit Union place emphasis on $100,000 or less loans with 125 originations, totaling $4,985,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 48 $3,540,000 $73,750 $1,513 4.99%
    $50k or less 43 $2,735,000 $63,605 $1,716 4.52%
    $75k-100k 36 $3,070,000 $85,278 $1,476 4.95%
    $100k-150k 30 $3,490,000 $116,333 $1,920 4.67%
    $150k-250k 22 $3,990,000 $181,364 $1,535 4.60%
    $250k+ 8 $2,420,000 $302,500 $2,542 4.24%

    Siouxland Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 48 originations. The second most popular income band? $50k or less, with 43 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 50 $4,850,000 $97,000 $1,352 4.65%
    30-36% 37 $3,135,000 $84,730 $1,661 4.74%
    <20% 15 $1,375,000 $91,667 $1,421 4.99%
    38% 15 $2,665,000 $177,667 $2,661 4.18%
    43% 10 $830,000 $83,000 $1,381 5.15%
    36% 9 $315,000 $35,000 $909 5.22%
    42% 8 $820,000 $102,500 $1,871 4.28%
    44% 7 $585,000 $83,571 $2,032 5.54%
    40% 6 $820,000 $136,667 $2,038 4.75%
    39% 6 $600,000 $100,000 $1,073 4.79%
    45% 5 $975,000 $195,000 $2,776 4.75%
    41% 5 $545,000 $109,000 $2,264 4.03%
    50-60% 4 $90,000 $22,500 $279 5.06%
    37% 3 $395,000 $131,667 $2,713 4.67%
    46% 2 $290,000 $145,000 $2,051 5.69%
    48% 2 $680,000 $340,000 $5,653 4.20%
    >60% 2 $250,000 $125,000 $624 5.31%
    47% 1 $25,000 $25,000 $0 4.50%

    Siouxland Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 50 originations. The next most common DTI ratio? 30-36%, with 37 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 174 $18,150,000 $104,310 $1,680 4.72%
    Not provided 3 $415,000 $138,333 $2,906 3.76%
    Not applicable 3 $345,000 $115,000 $0 5.75%
    Asian 4 $180,000 $45,000 $1,282 5.06%
    Black 2 $130,000 $65,000 $1,434 6.44%
    American Indian 1 $25,000 $25,000 $1,326 4.13%

    Approval Rates

    Total approvals of all applications
    67.14%

    Siouxland Federal Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    98.40%

    Siouxland Federal Credit Union has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 25 $795,000 $31,800
    NA 162 $18,450,000 $113,889

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 187 $19,245,000 $102,914

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 46 $2,860,000 $62,174 $662 5.07%
    40-60% 22 $1,670,000 $75,909 $1,406 4.69%
    60-80% 44 $8,650,000 $196,591 $2,904 4.22%
    80-100% 25 $4,825,000 $193,000 $3,324 4.06%
    Under 20% 50 $1,240,000 $24,800 $402 5.28%