Usf Federal Credit Union Mortgage Rates, Fees & Info
Tampa, FLLEI: 549300LDC5KWHWDXTW48
Tax ID: 59-1009532
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Mortgage Data
Review & Overview
Usf Federal Credit Union is a smaller credit union specializing in Home Purchase and Cash Out Refi 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 Lakeland among others. We have data for 19 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 an average 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 4/28/24 |
| 30 Year Conventional Purchase | 6.80% | 4/28/24 |
| 30 Year Conventional Refi | 6.59% | 4/28/24 |
| 30 Year Cash-out Refi | 6.79% | 4/28/24 |
| 15 Year Conventional Purchase | 6.22% | 4/28/24 |
| 15 Year Conventional Refi | 5.70% | 4/28/24 |
| 15 Year Cash-out Refi | 5.70% | 4/28/24 |
| 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. | ||
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
527Origination Dollar Volume (All Markets)
$94,715,000Top 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) | 379 | $67,575,000 | $178,298 | $4,211 | 4.43% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 38 | $6,240,000 | $164,211 | $3,938 | 4.57% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 36 | $5,520,000 | $153,333 | $3,989 | 4.41% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 12 | $3,430,000 | $285,833 | $5,399 | 4.66% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 16 | $2,050,000 | $128,125 | $3,880 | 4.14% |
| GAINESVILLE, FL (FHA|USDA|VA) | 6 | $1,300,000 | $216,667 | $5,574 | 4.92% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 9 | $1,205,000 | $133,889 | $2,277 | 4.93% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $1,165,000 | $388,333 | $8,740 | 3.37% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 4 | $1,100,000 | $275,000 | $4,133 | 4.53% |
| PANAMA CITY, FL (FHA|USDA|VA) | 2 | $1,050,000 | $525,000 | $6,346 | 5.38% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 5 | $985,000 | $197,000 | $4,396 | 5.42% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 6 | $700,000 | $116,667 | $5,183 | 4.31% |
| OCALA, FL (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $10,158 | 3.25% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $4,363 | 4.54% |
| Wauchula, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $11,591 | 4.50% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $4,461 | 4.19% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $6,324 | 6.75% |
| Lake City, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,888 | 4.63% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $380 | 4.50% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 303 | $68,545,000 | $226,221 | $4,264 | 5.05% |
| HELOC | 224 | $26,170,000 | $116,830 | n/a | 3.65% |
For 2022, Usf Federal Credit Union's most frequently originated type of loan was Conventional, with 303 originations. Their 2nd most popular type was HELOC, with 224 originations.
Loan Reason
For 2022, Usf Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 155 originations. The 2nd most popular reason was Other, with 142 originations.
Loan Duration/Length
For 2022, Usf Federal Credit Union's most frequently cited loan duration was 30 Year, with 212 originations. The 2nd most popular length was Other, with 175 originations.
Origination Fees/Closing Costs
Usf Federal Credit Union's average total fees were $5,988, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 106 originations.
Interest Rates
During 2022, Usf Federal Credit Union's average interest rate for loans was 4.62%, while their most frequently originated rate bucket for loans was 2.5-3%, with 158 originations.
Loan Sizing
2022 saw Usf Federal Credit Union place emphasis on $100,000 or less loans with 177 originations, totaling $10,815,000 in origination value.
Applicant Income
Usf Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 141 originations. The second most popular income band? $150k-250k, with 114 originations.
Applicant Debt to Income Ratio
Usf Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 96 originations. The next most common DTI ratio? 20-30%, with 82 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications83.28%
Usf Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination45.16%
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 | 527 | $94,715,000 | $179,725 |