Signature Federal Credit Union Mortgage Rates, Fees & Info
Alexandria, VALEI: 549300SQKZC6HESYGO25
Tax ID: 23-7064112
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Signature Federal Credit Union is a smaller credit union specializing in Home Improvement and Other loans. Signature Federal Credit Union has an average proportion of conventional loans. Their top markets by origination volume include: Washington, New York, Boston, Kansas City, and Chicago among others. We have data for 108 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 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) | 7.49% | 4/16/25 |
| 30 Year Conventional Purchase | 6.21% | 4/16/25 |
| 30 Year Conventional Refi | 6.31% | 4/16/25 |
| 30 Year Cash-out Refi | 6.37% | 4/16/25 |
| 15 Year Conventional Purchase | 6.00% | 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. | ||
Signature Federal Credit Union Mortgage Calculator
Your Estimates
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This is not an official calculator from Signature Federal Credit Union. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
232Origination Dollar Volume (All Markets)
$29,580,000Relative Rate
Signature Federal Credit Union's average 30 year fixed mortgage rate was
6.24%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of -0.31%.
Relative Fees (Closing Costs)
Signature Federal Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $9,461.
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 |
|---|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 23 | $3,325,000 | $144,565 | $2,698 | 9.20% |
| Outside of Metro Areas | 17 | $2,085,000 | $122,647 | $6,916 | 8.88% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 7 | $1,325,000 | $189,286 | $0 | 9.13% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 5 | $915,000 | $183,000 | $0 | 9.50% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 5 | $905,000 | $181,000 | $6,145 | 8.80% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 8 | $890,000 | $111,250 | $0 | 9.22% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 7 | $815,000 | $116,429 | $0 | 9.50% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $12,129 | 7.69% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $14,662 | 6.50% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 5 | $745,000 | $149,000 | $0 | 9.15% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 5 | $685,000 | $137,000 | $0 | 9.10% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 6 | $620,000 | $103,333 | $0 | 9.33% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 4 | $620,000 | $155,000 | $0 | 9.63% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $12,157 | 8.21% |
| COLUMBUS, OH (FHA|USDA|VA) | 4 | $480,000 | $120,000 | $0 | 9.38% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $0 | 9.25% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $0 | 9.17% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 4 | $380,000 | $95,000 | $0 | 9.50% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 3 | $375,000 | $125,000 | $0 | 9.08% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 3 | $355,000 | $118,333 | $0 | 9.67% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 3 | $345,000 | $115,000 | $3,272 | 8.17% |
| RICHMOND, VA (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $0 | 9.75% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $0 | 8.63% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 9.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 9.38% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 3 | $255,000 | $85,000 | $0 | 9.08% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $15,941 | 5.63% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 9.50% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 9.00% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 4 | $240,000 | $60,000 | $0 | 9.31% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $0 | 9.75% |
| OCALA, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 9.50% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 3 | $235,000 | $78,333 | $0 | 9.17% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 9.50% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 8.50% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 9.50% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 3 | $225,000 | $75,000 | $0 | 8.42% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $0 | 10.13% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 9.50% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 8.50% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 10.00% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 8.50% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 9.25% |
| ROCHESTER, NY (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $7,995 | 5.63% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 10.50% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 9.50% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 8.50% |
| STOCKTON, CA (FHA|USDA|VA) | 3 | $175,000 | $58,333 | $0 | 9.50% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 9.50% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 8.50% |
| Steamboat Springs, CO (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 9.00% |
| MORGANTOWN, WV (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,118 | 6.00% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 9.50% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 9.50% |
| WENATCHEE, WA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 8.50% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 9.50% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 9.75% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 9.38% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 9.50% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 9.25% |
| Outside of Metro Areas | 1 | $135,000 | $135,000 | $0 | 10.50% |
| Port Angeles, WA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 10.00% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 9.25% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 10.50% |
| TOPEKA, KS (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 7.75% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 9.50% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 10.50% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 9.75% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 9.50% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 9.50% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 9.50% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 9.25% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 9.50% |
| SYRACUSE, NY (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 9.50% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 9.50% |
| Meadville, PA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 10.00% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 10.50% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 10.00% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 10.25% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 10.00% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 8.50% |
| SALEM, OR (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 9.00% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 9.00% |
| JACKSON, TN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 7.75% |
| HINESVILLE, GA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 10.50% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 10.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 9.00% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 8.50% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 5.25% |
| Woodward, OK (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 9.00% |
| JOPLIN, MO (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 9.00% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 9.50% |
| Barre, VT (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 8.50% |
| ROCHESTER, MN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 10.00% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 7.75% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 9.50% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 7.75% |
| Somerset, KY (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $3,253 | 5.63% |
| BECKLEY, WV (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 10.00% |
| Sonora, CA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 8.75% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 9.25% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 9.25% |
| SIOUX FALLS, SD (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 10.00% |
| LEBANON, PA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 9.00% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 9.50% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 9.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 9.50% |
| MORRISTOWN, TN (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 8.50% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 201 | $23,975,000 | $119,279 | n/a | 9.34% |
| Conventional | 31 | $5,605,000 | $180,806 | $7,554 | 7.75% |
For 2024, Signature Federal Credit Union's most frequently originated type of loan was HELOC, with 201 originations. Their 2nd most popular type was Conventional, with 31 originations.
Loan Reason
For 2024, Signature Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 111 originations. The 2nd most popular reason was Other, with 86 originations.
Loan Duration/Length
For 2024, Signature Federal Credit Union's most frequently cited loan duration was Other, with 112 originations. The 2nd most popular length was 15 Year, with 103 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $5k+ | 5 | $2,315,000 | $463,000 |
| $<1k | 4 | $460,000 | $115,000 |
| $3k-4k | 2 | $400,000 | $200,000 |
| $1k-2k | 1 | $45,000 | $45,000 |
| $2k-3k | 1 | $165,000 | $165,000 |
Signature Federal Credit Union's average total fees were $9,461, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 5 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 204 | $24,160,000 | $118,431 |
| 7-8% | 15 | $2,045,000 | $136,333 |
| 5-6% | 7 | $1,215,000 | $173,571 |
| 6-7% | 4 | $2,060,000 | $515,000 |
| 4-5% | 2 | $100,000 | $50,000 |
During 2024, Signature Federal Credit Union's average interest rate for loans was 6.24%, while their most frequently originated rate bucket for loans was Over 8%, with 204 originations.
Loan Sizing
2024 saw Signature Federal Credit Union place emphasis on $100,000 or less loans with 109 originations, totaling $6,725,000 in origination value.
Applicant Income
Signature Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 67 originations. The second most popular income band? $250k+, with 63 originations.
Applicant Debt to Income Ratio
Signature Federal Credit Union lent most frequently to those with DTI ratios of 39%, with 58 originations. The next most common DTI ratio? 30-36%, with 54 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications70.26%
Signature Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination18.53%
Signature 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 | 232 | $29,580,000 | $127,500 |