Usf Federal Credit Union Mortgage Rates, Fees & Info

Tampa, FL

LEI: 549300LDC5KWHWDXTW48

Tax ID: 59-1009532

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Usf Federal Credit Union is a smaller credit union specializing in Home Purchase, Cash Out Refi, and Refi loans. Usf Federal Credit Union has a high proportion of conventional loans. Their top markets include Tampa, North Port, Orlando, Miami, and Lakeland among others. Usf Federal Credit Union has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors.


Originations

412

Origination Dollar Volume (All Markets)

$97,920,000

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 325 $74,815,000 $230,200 $0 0.00%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 39 $9,635,000 $247,051 $0 0.00%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 18 $5,650,000 $313,889 $0 0.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 9 $2,815,000 $312,778 $0 0.00%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 4 $1,090,000 $272,500 $0 0.00%
PUNTA GORDA, FL (FHA|USDA|VA) 2 $760,000 $380,000 $0 0.00%
JACKSONVILLE, FL (FHA|USDA|VA) 2 $670,000 $335,000 $0 0.00%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $610,000 $305,000 $0 0.00%
OCALA, FL (FHA|USDA|VA) 3 $525,000 $175,000 $0 0.00%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 3 $495,000 $165,000 $0 0.00%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
GAINESVILLE, FL (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
THE VILLAGES, FL (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%

Usf Federal Credit Union's top markets include Tampa, North Port, Orlando, Miami, and Lakeland among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 412 $97,920,000 $237,670 $0 0.00%

For the 2021 period, Usf Federal Credit Union's most frequently originated loan type of loans were Conventional, with 412 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 129 $36,225,000 $280,814 $0 0.00%
Cash Out Refi 125 $28,805,000 $230,440 $0 0.00%
Refi 115 $25,045,000 $217,783 $0 0.00%
Home Improvement 38 $7,490,000 $197,105 $0 0.00%
Other 5 $355,000 $71,000 $0 0.00%

For the 2021, Usf Federal Credit Union's most frequently cited loan purpose of loans were Home Purchase, with 129 originations. The 2nd most popular reason of loans were Cash Out Refi, with 125 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
Other 412 $97,920,000 $237,670 $0 0.00%

For the 2021, Usf Federal Credit Union's most frequently cited loan length of loans were Other, with 412 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 183 $49,655,000 $271,339 $0 0.00%
$100k-200k 150 $23,030,000 $153,533 $0 0.00%
$100,000 or less 38 $2,840,000 $74,737 $0 0.00%
$400k-600k 31 $14,655,000 $472,742 $0 0.00%
$600k-1MM 9 $6,675,000 $741,667 $0 0.00%
$1MM+ 1 $1,065,000 $1,065,000 $0 0.00%

2021 saw Usf Federal Credit Union place emphasis on $200k-400k loans with 183 originations, totaling $49,655,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 91 $23,245,000 $255,440 $0 0.00%
$75k-100k 90 $19,260,000 $214,000 $0 0.00%
$50k-75k 85 $14,275,000 $167,941 $0 0.00%
$150k-250k 74 $21,510,000 $290,676 $0 0.00%
$50k or less 40 $6,000,000 $150,000 $0 0.00%
$250k+ 25 $11,965,000 $478,600 $0 0.00%

Usf Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 91 originations. The second most popular income band? $75k-100k, with 90 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
Exempt% 412 $97,920,000 $237,670 $0 0.00%

Usf Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 412 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 300 $72,480,000 $241,600 $0 0.00%
Not provided 47 $11,865,000 $252,447 $0 0.00%
Black 42 $8,570,000 $204,048 $0 0.00%
Asian 15 $3,505,000 $233,667 $0 0.00%
American Indian 4 $800,000 $200,000 $0 0.00%
Asian Indian 2 $500,000 $250,000 $0 0.00%
Japanese 1 $115,000 $115,000 $0 0.00%
Chinese 1 $85,000 $85,000 $0 0.00%

Approval Rates

Total approvals of all applications
85.13%

Usf Federal Credit Union has an average approval rate.

Pick Rate

Approvals leading to origination
58.52%

Usf 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 412 $97,920,000 $237,670

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
412 $97,920,000 $237,670