Usf Federal Credit Union Mortgage Rates, Fees & Info

Tampa, FL

LEI: 549300LDC5KWHWDXTW48

Tax ID: 59-1009532

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

    Usf Federal Credit Union is a smaller credit union specializing in Cash Out Refi and 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, Miami, and Palm Bay among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Usf 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. 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) 6.27% 4/21/24
    30 Year Conventional Purchase 6.80% 4/21/24
    30 Year Conventional Refi 6.59% 4/21/24
    30 Year Cash-out Refi 6.79% 4/21/24
    15 Year Conventional Purchase 6.22% 4/21/24
    15 Year Conventional Refi 5.70% 4/21/24
    15 Year Cash-out Refi 5.70% 4/21/24
    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.

    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

    208

    Origination Dollar Volume (All Markets)

    $32,770,000

    Awards

    USF Federal Credit Union 30 Year Conventional Loans bronze USF 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
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 172 $26,410,000 $153,547 $2,661 4.96%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 10 $2,160,000 $216,000 $3,628 4.41%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 12 $1,850,000 $154,167 $2,914 4.44%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 5 $1,295,000 $259,000 $4,206 4.30%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $260,000 $130,000 $2,054 5.25%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $165,000 $165,000 $3,463 4.88%
    PUNTA GORDA, FL (FHA|USDA|VA) 2 $160,000 $80,000 $1,911 4.63%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $155,000 $155,000 $3,654 4.75%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $155,000 $155,000 $3,795 4.88%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $105,000 $105,000 $4,175 4.50%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $55,000 $55,000 $377 7.38%
    Usf Federal Credit Union's top markets include Tampa, Orlando, North Port, Miami, and Palm Bay 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.

    SAN ANTONIO CITIZENS
    Similarity Rank: 531
    Suncoast Credit Union
    Similarity Rank: 638
    TrustCo Bank
    Similarity Rank: 825
    NEAL COMMUNITIES FUNDING, LLC
    Similarity Rank: 924
    USF Federal Credit Union
    Similarity Rank: 1023
    Third Federal Savings and Loan Association of Cleveland
    Similarity Rank: 1228
    RAILROAD & INDUSTRIAL
    Similarity Rank: 1330
    HOME SOLUTION LENDERS INC.
    Similarity Rank: 1944
    Grow Financial Federal Credit Union
    Similarity Rank: 2064
    Central Bank
    Similarity Rank: 2112

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 208 $32,770,000 $157,548 $2,756 4.90%

    For 2018, Usf Federal Credit Union's most frequently originated type of loan was Conventional, with 208 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 106 $10,460,000 $98,679 $1,747 5.31%
    Home Purchase 88 $20,050,000 $227,841 $3,880 4.52%
    Refi 14 $2,260,000 $161,429 $3,260 4.16%

    For 2018, Usf Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 106 originations. The 2nd most popular reason was Home Purchase, with 88 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 98 $21,180,000 $216,122 $3,821 4.63%
    15 Year 43 $4,945,000 $115,000 $1,972 5.28%
    10 Year 34 $2,380,000 $70,000 $1,096 5.38%
    20 Year 20 $3,600,000 $180,000 $3,427 4.48%
    5 Year 13 $665,000 $51,154 $572 5.11%

    For 2018, Usf Federal Credit Union's most frequently cited loan duration was 30 Year, with 98 originations. The 2nd most popular length was 15 Year, with 43 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 146 $29,280,000 $200,548
    $<1k 60 $3,100,000 $51,667
    $2k-3k 1 $345,000 $345,000

    Usf Federal Credit Union's average total fees were $3,821, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 146 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 112 $21,800,000 $194,643
    3-4% 32 $6,560,000 $205,000
    5-6% 29 $2,425,000 $83,621
    6-7% 24 $1,210,000 $50,417
    7-8% 8 $440,000 $55,000
    2.5-3% 2 $290,000 $145,000

    During 2018, Usf Federal Credit Union's average interest rate for loans was 4.63%, while their most frequently originated rate bucket for loans was 4-5%, with 112 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 75 $3,915,000 $52,200 $1,069 5.67%
    $200k-400k 65 $17,625,000 $271,154 $4,031 4.46%
    $100k-200k 64 $8,960,000 $140,000 $3,215 4.49%
    $400k-600k 3 $1,565,000 $521,667 $5,656 4.33%
    $600k-1MM 1 $705,000 $705,000 $6,660 3.88%

    2018 saw Usf Federal Credit Union place emphasis on $100,000 or less loans with 75 originations, totaling $3,915,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 54 $6,590,000 $122,037 $2,486 4.97%
    $100k-150k 44 $7,260,000 $165,000 $2,655 4.87%
    $75k-100k 37 $5,565,000 $150,405 $2,577 5.18%
    $150k-250k 36 $7,830,000 $217,500 $3,251 4.74%
    $50k or less 26 $2,630,000 $101,154 $2,746 4.72%
    $250k+ 8 $2,370,000 $296,250 $3,747 4.56%

    Usf Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 54 originations. The second most popular income band? $100k-150k, with 44 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 49 $7,705,000 $157,245 $2,647 4.87%
    30-36% 43 $6,415,000 $149,186 $2,610 4.92%
    <20% 18 $3,230,000 $179,444 $3,468 4.25%
    43% 11 $1,425,000 $129,545 $2,506 5.38%
    40% 11 $1,255,000 $114,091 $2,162 5.43%
    39% 10 $2,540,000 $254,000 $3,771 4.86%
    37% 9 $1,105,000 $122,778 $2,679 4.63%
    38% 8 $1,010,000 $126,250 $2,476 5.19%
    44% 8 $1,530,000 $191,250 $3,016 5.23%
    47% 7 $885,000 $126,429 $2,358 5.16%
    41% 6 $1,030,000 $171,667 $2,933 4.40%
    45% 6 $1,050,000 $175,000 $3,093 4.58%
    36% 5 $1,095,000 $219,000 $3,184 4.77%
    46% 4 $500,000 $125,000 $2,523 4.50%
    50-60% 4 $580,000 $145,000 $2,775 4.81%
    42% 3 $505,000 $168,333 $3,205 5.42%
    49% 3 $235,000 $78,333 $377 5.92%
    48% 2 $460,000 $230,000 $3,755 4.69%
    >60% 1 $215,000 $215,000 $3,619 4.88%

    Usf Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 49 originations. The next most common DTI ratio? 30-36%, with 43 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 172 $28,270,000 $164,360 $2,789 4.92%
    Black 17 $2,175,000 $127,941 $3,063 4.57%
    Asian 7 $1,255,000 $179,286 $3,224 4.61%
    Not provided 12 $1,070,000 $89,167 $1,584 5.21%

    Approval Rates

    Total approvals of all applications
    79.70%

    Usf Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    72.60%

    Usf Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 208 $32,770,000 $157,548

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 208 $32,770,000 $157,548

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 23 $1,905,000 $82,826 $1,301 5.65%
    40-60% 17 $2,595,000 $152,647 $3,158 4.15%
    60-80% 68 $14,370,000 $211,324 $3,730 4.43%
    80-100% 58 $12,180,000 $210,000 $3,725 4.61%
    Under 20% 42 $1,720,000 $40,952 $441 5.96%