Signature Federal Credit Union Mortgage Rates, Fees & Info
Alexandria, VALEI: 549300SQKZC6HESYGO25
Tax ID: 23-7064112
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Signature Federal Credit Union is a smaller credit union specializing in Cash Out Refi and Refi loans. Signature Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: New York, Minneapolis, Washington, Los Angeles, and North Port among others. We have data for 80 markets. (Some data included below & more in-depth data is available with an active subscription.)Signature Federal Credit Union has an above average approval rate when compared to the average across all 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
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
123Origination Dollar Volume (All Markets)
$17,685,000Awards
Signature Federal Credit Union - 2020
Signature Federal Credit Union is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
Work for Signature Federal Credit Union?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 17 | $1,855,000 | $109,118 | $2,990 | 4.43% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 5 | $1,335,000 | $267,000 | $4,940 | 4.25% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 5 | $1,285,000 | $257,000 | $6,640 | 3.35% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 7 | $1,255,000 | $179,286 | $2,999 | 5.23% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $2,155 | 5.83% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $8,886 | 2.63% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 3 | $385,000 | $128,333 | $1,665 | 5.33% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $5,202 | 3.00% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $5,905 | 3.00% |
| Bozeman, MT (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $5,211 | 3.63% |
| PROVO-OREM, UT (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $943 | 5.75% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $4,384 | 4.25% |
| Brookings, OR (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $7,623 | 3.25% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $5,495 | 3.25% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $12,149 | 3.13% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $9,208 | 2.50% |
| SIOUX CITY, IA-NE-SD (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,067 | 2.63% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $9,391 | 2.63% |
| Fergus Falls, MN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,964 | 2.50% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $5,408 | 3.81% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,886 | 2.63% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,911 | 2.63% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $1,580 | 7.25% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $4,189 | 2.50% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,723 | 2.50% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,814 | 2.63% |
| Silver City, NM (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,565 | 2.63% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $3,211 | 4.63% |
| WACO, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,370 | 2.75% |
| LAS CRUCES, NM (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,576 | 2.75% |
| Aberdeen, WA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,317 | 3.13% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $905 | 6.25% |
| MADISON, WI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $172 | 5.25% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,258 | 3.50% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $194 | 7.25% |
| OCALA, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $9,195 | 2.50% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $1,446 | 7.25% |
| Marietta, OH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,411 | 2.50% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,693 | 3.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,380 | 2.50% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $194 | 7.25% |
| Mountain Home, AR (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,492 | 2.63% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $7,249 | 2.63% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,215 | 2.63% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $172 | 7.00% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $8,207 | 3.63% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $194 | 7.25% |
| Norfolk, NE (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,248 | 2.63% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $194 | 5.63% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,664 | 3.63% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $172 | 5.00% |
| AKRON, OH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $194 | 7.50% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $172 | 7.25% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $172 | 7.50% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 6.25% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,345 | 2.63% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $150 | 5.25% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $192 | 7.25% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $194 | 6.75% |
| Paris, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,449 | 3.63% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $194 | 7.50% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,918 | 3.13% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $194 | 5.00% |
| ROCHESTER, MN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $194 | 7.50% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $194 | 6.75% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $194 | 7.25% |
| Roswell, NM (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $194 | 7.75% |
| READING, PA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $194 | 7.50% |
| EAU CLAIRE, WI (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,810 | 2.63% |
| Sheridan, WY (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $190 | 5.75% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $172 | 7.00% |
| BANGOR, ME (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $172 | 7.25% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $194 | 7.25% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $172 | 6.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $194 | 7.00% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $172 | 5.50% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $194 | 6.50% |
| TOLEDO, OH (FHA|USDA|VA) | 2 | $30,000 | $15,000 | $183 | 4.50% |
| MANHATTAN, KS (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $194 | 6.00% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $150 | 4.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 123 | $17,685,000 | $143,780 | $3,170 | 4.65% |
For 2020, Signature Federal Credit Union's most frequently originated type of loan was Conventional, with 123 originations.
Loan Reason
For 2020, Signature Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 46 originations. The 2nd most popular reason was Cash Out Refi, with 38 originations.
Loan Duration/Length
For 2020, Signature Federal Credit Union's most frequently cited loan duration was 15 Year, with 43 originations. The 2nd most popular length was 20 Year, with 39 originations.
Origination Fees/Closing Costs
Signature Federal Credit Union's average total fees were $7,084, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 65 originations.
Interest Rates
During 2020, Signature Federal Credit Union's average interest rate for loans was 3.02%, while their most frequently originated rate bucket for loans was 2.5-3%, with 29 originations.
Loan Sizing
2020 saw Signature Federal Credit Union place emphasis on $100,000 or less loans with 50 originations, totaling $2,940,000 in origination value.
Applicant Income
Signature Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 39 originations. The second most popular income band? $100k-150k, with 34 originations.
Applicant Debt to Income Ratio
Signature Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 42 originations. The next most common DTI ratio? 30-36%, with 29 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.89%
Signature Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 123 | $17,685,000 | $143,780 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 3 | $295,000 | $98,333 |
| Single Family (1-4 Units):Site-Built | 120 | $17,390,000 | $144,917 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| SIGNATURE MORTGAGE CORPORATION | Other type of mortgage | Improper use of your report | 1 | 100.0% |