Signature Federal Credit Union Mortgage Rates, Fees & Info
Alexandria, VALEI: 549300SQKZC6HESYGO25
Tax ID: 23-7064112
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Mortgage Data
Review & Overview
Signature Federal Credit Union is a smaller credit union specializing in Other and Home Improvement loans. Signature Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Washington, New York, Los Angeles, Chicago, and Atlanta among others. We have data for 167 markets. (Some data included below & more in-depth data is available with an active subscription.)Signature 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. Signature Federal Credit Union is typically a high 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 relatively high 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 | 6.24% | 12/16/24 |
| 30 Year Conventional Refi | 5.88% | 12/16/24 |
| 30 Year Cash-out Refi | 5.88% | 12/16/24 |
| 15 Year Conventional Purchase | 5.87% | 12/16/24 |
| 15 Year Conventional Refi | 6.06% | 12/16/24 |
| 15 Year Cash-out Refi | 6.06% | 12/16/24 |
| 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. | ||
Signature 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 Signature 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
456Origination Dollar Volume (All Markets)
$56,220,000Awards
Signature Federal Credit Union - 2023
Signature Federal Credit Union is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Signature Federal Credit Union's average 30 year fixed mortgage rate was
6.32%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -0.16%.
Relative Fees (Closing Costs)
Signature Federal Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $9,272.
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 $9,089.
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 |
|---|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 34 | $5,350,000 | $157,353 | $1,410 | 8.72% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 26 | $4,330,000 | $166,538 | $1,783 | 8.87% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 14 | $2,270,000 | $162,143 | $503 | 9.09% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 16 | $1,920,000 | $120,000 | $1,456 | 8.80% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 13 | $1,475,000 | $113,462 | $160 | 9.06% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 11 | $1,325,000 | $120,455 | $264 | 9.02% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 10 | $1,250,000 | $125,000 | $239 | 9.23% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 7 | $1,235,000 | $176,429 | $3,948 | 8.64% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 8 | $1,160,000 | $145,000 | $2,600 | 9.30% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 10 | $1,160,000 | $116,000 | $170 | 9.03% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 5 | $1,095,000 | $219,000 | $5,575 | 8.25% |
| Outside of Metro Areas | 14 | $1,020,000 | $72,857 | $1,504 | 7.89% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 8 | $980,000 | $122,500 | $0 | 9.41% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 7 | $855,000 | $122,143 | $479 | 8.54% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 7 | $835,000 | $119,286 | $0 | 9.50% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 6 | $780,000 | $130,000 | $479 | 9.17% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 6 | $760,000 | $126,667 | $0 | 9.17% |
| Batesville, AR (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $10,111 | 6.75% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 5 | $665,000 | $133,000 | $0 | 8.60% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 5 | $625,000 | $125,000 | $0 | 8.75% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 5 | $625,000 | $125,000 | $239 | 8.80% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $9,827 | 5.75% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $9,787 | 6.13% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $0 | 8.92% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 6 | $570,000 | $95,000 | $649 | 8.71% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 6 | $570,000 | $95,000 | $0 | 9.00% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $125 | 8.42% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 4 | $530,000 | $132,500 | $0 | 9.06% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 5 | $525,000 | $105,000 | $528 | 9.60% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $4,383 | 6.96% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 5 | $485,000 | $97,000 | $250 | 8.75% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 4 | $480,000 | $120,000 | $0 | 8.56% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 4 | $470,000 | $117,500 | $125 | 9.19% |
| RICHMOND, VA (FHA|USDA|VA) | 6 | $450,000 | $75,000 | $497 | 9.25% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $0 | 8.38% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 4 | $410,000 | $102,500 | $83 | 8.94% |
| LOUISVILLE, KY (FHA|USDA|VA) | 4 | $410,000 | $102,500 | $389 | 8.63% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $0 | 9.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $479 | 8.50% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $365,000 | $121,667 | $0 | 8.92% |
| Sevierville, TN (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $0 | 9.88% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $0 | 8.58% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 3 | $305,000 | $101,667 | $0 | 9.00% |
| COLUMBUS, OH (FHA|USDA|VA) | 4 | $290,000 | $72,500 | $0 | 8.56% |
| FRESNO, CA (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $479 | 9.00% |
| TOPEKA, KS (FHA|USDA|VA) | 3 | $265,000 | $88,333 | $0 | 9.50% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 3 | $265,000 | $88,333 | $0 | 10.08% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 9.38% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $854 | 8.63% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 9.00% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 3 | $255,000 | $85,000 | $0 | 9.33% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 4 | $250,000 | $62,500 | $0 | 9.38% |
| STOCKTON, CA (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $0 | 9.63% |
| Henderson, NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $8,741 | 6.13% |
| TWIN FALLS, ID (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $2,626 | 6.56% |
| MODESTO, CA (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 8.25% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 3 | $225,000 | $75,000 | $0 | 8.92% |
| RENO, NV (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $0 | 9.38% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 9.50% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 9.13% |
| Sonora, CA (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 9.63% |
| Madisonville, KY (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 9.50% |
| Greensburg, IN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 9.75% |
| Washington, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 9.50% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 8.75% |
| MUSKEGON, MI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $479 | 9.00% |
| READING, PA (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $0 | 8.63% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 9.00% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 9.00% |
| GREELEY, CO (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 9.50% |
| GAINESVILLE, FL (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 8.50% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 9.00% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $479 | 8.75% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,461 | 6.75% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 8.75% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 9.50% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $479 | 8.75% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 9.25% |
| FARGO, ND-MN (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $0 | 9.38% |
| Concord, NH (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $0 | 8.38% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $0 | 8.63% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $528 | 8.13% |
| NILES, MI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 9.00% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 8.75% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 8.75% |
| Harrison, AR (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 8.75% |
| Lebanon, NH-VT (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 9.00% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 9.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 8.50% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 8.88% |
| Moscow, ID (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 9.00% |
| Quincy, IL-MO (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $7,545 | 5.75% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 10.25% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $3,733 | 7.50% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 9.75% |
| Elk City, OK (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 7.75% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 9.50% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 10.50% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $250 | 8.25% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $0 | 9.63% |
| Roswell, NM (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $479 | 9.00% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 10.00% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 10.25% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 9.00% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $239 | 8.13% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 9.75% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 8.50% |
| ROCHESTER, NY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 10.50% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $0 | 9.25% |
| Coos Bay, OR (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $479 | 9.00% |
| Athens, OH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 9.50% |
| Laconia, NH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 8.50% |
| Plattsburgh, NY (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 7.25% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 9.25% |
| CARSON CITY, NV (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 9.00% |
| Martinsville, VA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $479 | 9.00% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 9.75% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 9.25% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 8.50% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 9.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 10.00% |
| Spirit Lake, IA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 7.50% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 9.25% |
| Wahpeton, ND-MN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 8.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 9.25% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $479 | 8.50% |
| OCALA, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 8.75% |
| Point Pleasant, WV-OH (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 7.50% |
| GOLDSBORO, NC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 9.50% |
| Danville, KY (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 7.75% |
| GRANTS PASS, OR (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 7.50% |
| Meadville, PA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 8.25% |
| WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 9.00% |
| Paris, TN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 10.50% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 8.75% |
| ANN ARBOR, MI (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 9.50% |
| Paducah, KY-IL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 8.50% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 10.25% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 10.50% |
| BECKLEY, WV (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $479 | 7.50% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 9.75% |
| LAFAYETTE, LA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 8.00% |
| TULSA, OK (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $479 | 6.50% |
| Meridian, MS (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.50% |
| WHEELING, WV-OH (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $4,668 | 6.75% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 9.00% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 8.25% |
| Evanston, WY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $479 | 6.00% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 9.00% |
| Defiance, OH (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 9.25% |
| GLENS FALLS, NY (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 7.75% |
| GRAND ISLAND, NE (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $479 | 9.00% |
| Hutchinson, KS (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 8.50% |
| ST. CLOUD, MN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 10.00% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 7.25% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 7.50% |
| MANHATTAN, KS (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 7.50% |
| AKRON, OH (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 8.00% |
| JOPLIN, MO (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 9.00% |
| Norwalk, OH (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 8.25% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 9.00% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 9.50% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 9.25% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 8.75% |
| Morgan City, LA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 8.25% |
| WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 9.75% |
| ROCHESTER, MN (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 9.75% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 228 | $27,450,000 | $120,395 | n/a | 9.33% |
| Conventional | 228 | $28,770,000 | $126,184 | $1,176 | 8.33% |
For 2023, Signature Federal Credit Union's most frequently originated type of loan was HELOC, with 228 originations. Their 2nd most popular type was Conventional, with 228 originations.
Loan Reason
For 2023, Signature Federal Credit Union's most frequently cited loan purpose was Other, with 208 originations. The 2nd most popular reason was Home Improvement, with 150 originations.
Loan Duration/Length
For 2023, Signature Federal Credit Union's most frequently cited loan duration was 15 Year, with 234 originations. The 2nd most popular length was 20 Year, with 145 originations.
Origination Fees/Closing Costs
Signature Federal Credit Union's average total fees were $9,272, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 161 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 377 | $43,885,000 | $116,406 |
| 7-8% | 49 | $4,875,000 | $99,490 |
| 6-7% | 21 | $5,225,000 | $248,810 |
| 5-6% | 9 | $2,235,000 | $248,333 |
During 2023, Signature Federal Credit Union's average interest rate for loans was 6.32%, while their most frequently originated rate bucket for loans was Over 8%, with 377 originations.
Loan Sizing
2023 saw Signature Federal Credit Union place emphasis on $100,000 or less loans with 221 originations, totaling $14,165,000 in origination value.
Applicant Income
Signature Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 163 originations. The second most popular income band? $100k-150k, with 127 originations.
Applicant Debt to Income Ratio
Signature Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 109 originations. The next most common DTI ratio? 42%, with 89 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications78.48%
Signature Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination72.81%
Signature Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 456 | $56,220,000 | $123,289 |