Usf Federal Credit Union Mortgage Rates, Fees & Info

Tampa, FL

LEI: 549300LDC5KWHWDXTW48

Tax ID: 59-1009532

5 stars - Updated: 4/16/25 - out of 5 stars, based on 18 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • 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

    Usf Federal Credit Union is a smaller credit union specializing in Home Purchase loans. Usf Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Tampa, Orlando, North Port, Jacksonville, and Miami among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Usf Federal Credit Union has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Usf 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
    Home Equity Line of Credit (HELOC) 6.72% 4/16/25
    30 Year Conventional Purchase 6.54% 4/16/25
    30 Year Conventional Refi 6.55% 4/16/25
    30 Year Cash-out Refi 6.83% 4/16/25
    15 Year Conventional Purchase 5.61% 4/16/25
    15 Year Conventional Refi 6.36% 4/16/25
    15 Year Cash-out Refi 6.36% 4/16/25
    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.

    Usf 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 Usf 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

    333

    Origination Dollar Volume (All Markets)

    $71,375,000

    Awards

    USF Federal Credit Union 30 Year Conventional Loans bronze USF Federal Credit Union 30 Year Conventional Loans silver USF Federal Credit Union 30 Year Conventional Loans silver
    Show all (3) awards

    Relative Rate

    Usf Federal Credit Union's average 30 year fixed mortgage rate was 6.95%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of 0.4%.

    Relative Fees (Closing Costs)

    Usf Federal Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $6,290.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $8,356.

    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
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 249 $52,255,000 $209,859 $4,540 8.22%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 30 $6,910,000 $230,333 $5,416 8.34%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 29 $4,805,000 $165,690 $3,965 8.05%
    JACKSONVILLE, FL (FHA|USDA|VA) 3 $1,325,000 $441,667 $4,511 7.17%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 4 $940,000 $235,000 $3,300 8.69%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $785,000 $785,000 $11,776 6.00%
    Key West, FL (FHA|USDA|VA) 1 $705,000 $705,000 $7,059 6.38%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $550,000 $275,000 $6,201 8.06%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $500,000 $250,000 $3,255 7.75%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $495,000 $495,000 $5,700 6.50%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $485,000 $485,000 $5,088 5.88%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 4 $460,000 $115,000 $1,838 8.38%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $420,000 $210,000 $5,437 8.31%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $385,000 $385,000 $5,170 6.13%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $135,000 $135,000 $0 9.00%
    GAINESVILLE, FL (FHA|USDA|VA) 1 $115,000 $115,000 $4,014 6.50%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $105,000 $105,000 $4,705 6.00%
    Usf Federal Credit Union's top markets include Tampa, Orlando, North Port, Jacksonville, and Miami among others.

    Their top states include:
  • Florida (FHA|USDA|VA)

    • Similar Lenders

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

    HOMEAMERICAN MORTGAGE CORPORATION
    Similarity Rank: 96
    SAN ANTONIO CITIZENS
    Similarity Rank: 156
    Suncoast Credit Union
    Similarity Rank: 432
    SPACE COAST Credit Union
    Similarity Rank: 621
    First Home Bank
    Similarity Rank: 784
    Grow Financial Federal Credit Union
    Similarity Rank: 1170
    USF Federal Credit Union
    Similarity Rank: 1190
    ACHIEVA CREDIT UNION
    Similarity Rank: 1254
    MATTAMY HOME FUNDING, LLC
    Similarity Rank: 1312
    PARK SQUARE HOME MORTGAGE, LLC
    Similarity Rank: 1414

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 179 $21,515,000 $120,196 n/a 9.26%
    Conventional 154 $49,860,000 $323,766 $4,565 6.90%

    For 2024, Usf Federal Credit Union's most frequently originated type of loan was HELOC, with 179 originations. Their 2nd most popular type was Conventional, with 154 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 117 $13,025,000 $111,325 $422 9.05%
    Home Purchase 107 $43,655,000 $407,991 $6,173 6.44%
    Other 90 $10,220,000 $113,556 $536 9.34%
    Cash Out Refi 14 $2,750,000 $196,429 $3,915 7.23%
    Refi 5 $1,725,000 $345,000 $5,259 6.20%

    For 2024, Usf Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 117 originations. The 2nd most popular reason was Home Purchase, with 107 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 162 $19,600,000 $120,988 $0 9.15%
    30 Year 109 $42,855,000 $393,165 $6,290 6.95%
    15 Year 57 $7,745,000 $135,877 $1,933 7.83%
    10 Year 3 $835,000 $278,333 $2,827 7.25%
    20 Year 1 $305,000 $305,000 $5,357 6.00%
    5 Year 1 $35,000 $35,000 $380 7.25%

    For 2024, Usf Federal Credit Union's most frequently cited loan duration was Other, with 162 originations. The 2nd most popular length was 30 Year, with 109 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 93 $37,695,000 $405,323
    $<1k 41 $3,435,000 $83,780
    $2k-3k 9 $4,495,000 $499,444
    $3k-4k 5 $1,555,000 $311,000
    $5k+ 4 $1,700,000 $425,000
    $4k-5k 2 $980,000 $490,000

    Usf Federal Credit Union's average total fees were $6,290, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 93 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 198 $22,590,000 $114,091
    6-7% 67 $28,735,000 $428,881
    5-6% 36 $13,680,000 $380,000
    7-8% 28 $4,920,000 $175,714
    4-5% 4 $1,450,000 $362,500

    During 2024, Usf Federal Credit Union's average interest rate for loans was 6.95%, while their most frequently originated rate bucket for loans was Over 8%, with 198 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 112 $7,260,000 $64,821 $1,091 9.06%
    $100k-200k 89 $11,795,000 $132,528 $2,752 8.80%
    $200k-400k 78 $20,870,000 $267,564 $5,146 7.46%
    $400k-600k 34 $16,350,000 $480,882 $6,762 6.33%
    $600k-1MM 18 $12,970,000 $720,556 $7,632 6.30%
    $1MM+ 2 $2,130,000 $1,065,000 $9,073 6.13%

    2024 saw Usf Federal Credit Union place emphasis on $100,000 or less loans with 112 originations, totaling $7,260,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 106 $25,890,000 $244,245 $4,575 8.07%
    $100k-150k 96 $17,530,000 $182,604 $4,380 8.37%
    $250k+ 45 $18,325,000 $407,222 $7,017 7.55%
    $75k-100k 36 $4,960,000 $137,778 $2,947 8.34%
    $50k-75k 33 $3,365,000 $101,970 $2,962 8.55%
    $50k or less 14 $960,000 $68,571 $2,896 8.00%

    Usf Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 106 originations. The second most popular income band? $100k-150k, with 96 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 67 $15,645,000 $233,507 $4,645 7.55%
    30-36% 64 $17,780,000 $277,813 $5,141 7.62%
    <20% 25 $6,465,000 $258,600 $5,225 7.95%
    44% 23 $2,925,000 $127,174 $3,530 9.07%
    49% 21 $2,005,000 $95,476 $4,705 8.95%
    41% 19 $3,875,000 $203,947 $5,324 7.99%
    42% 13 $3,075,000 $236,538 $4,768 8.39%
    38% 13 $2,745,000 $211,154 $4,517 8.21%
    43% 12 $2,620,000 $218,333 $6,493 9.13%
    39% 11 $1,945,000 $176,818 $3,498 8.33%
    40% 10 $1,740,000 $174,000 $3,438 8.65%
    37% 10 $2,110,000 $211,000 $4,585 8.85%
    47% 10 $2,010,000 $201,000 $2,594 8.61%
    48% 10 $2,210,000 $221,000 $4,831 8.21%
    50-60% 10 $1,680,000 $168,000 $1,933 8.94%
    46% 6 $970,000 $161,667 $3,792 8.60%
    36% 6 $1,400,000 $233,333 $2,916 8.27%
    45% 3 $175,000 $58,333 $0 9.67%

    Usf Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 67 originations. The next most common DTI ratio? 30-36%, with 64 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 256 $51,140,000 $199,766 $4,502 8.21%
    Black 35 $7,485,000 $213,857 $4,896 8.60%
    Asian 16 $4,890,000 $305,625 $4,998 7.39%
    Not provided 15 $4,605,000 $307,000 $4,828 7.93%
    Asian Indian 5 $1,625,000 $325,000 $4,129 7.50%
    Chinese 1 $705,000 $705,000 $7,456 4.75%
    American Indian 2 $430,000 $215,000 $5,860 7.75%
    Korean 1 $325,000 $325,000 $5,660 5.00%
    Native Hawaiian or Islander 1 $85,000 $85,000 $380 9.25%
    Other Asian 1 $85,000 $85,000 $380 8.50%

    Approval Rates

    Total approvals of all applications
    65.40%

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

    Pick Rate

    Approvals leading to origination
    50.15%

    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
    NA 333 $71,375,000 $214,339

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    333 $71,375,000 $214,339

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 102 $13,940,000 $136,667 $1,693 9.00%
    40-60% 25 $5,775,000 $231,000 $5,315 8.47%
    60-80% 38 $14,870,000 $391,316 $6,196 6.29%
    80-100% 61 $28,455,000 $466,475 $6,302 6.38%
    Under 20% 107 $8,335,000 $77,897 $759 9.00%