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 Refi loans. Signature Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Washington, Virginia Beach, Phoenix, Poughkeepsie, and California among others. We have data for 81 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. 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 |
|---|---|---|
| 30 Year Conventional Purchase | 6.24% | 9/1/24 |
| 30 Year Conventional Refi | 5.88% | 9/1/24 |
| 30 Year Cash-out Refi | 5.88% | 9/1/24 |
| 15 Year Conventional Purchase | 5.87% | 9/1/24 |
| 15 Year Conventional Refi | 6.06% | 9/1/24 |
| 15 Year Cash-out Refi | 6.06% | 9/1/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
132Origination Dollar Volume (All Markets)
$23,690,000Top 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 |
|---|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 12 | $3,110,000 | $259,167 | $5,392 | 4.58% |
| Outside of Metro Areas | 11 | $1,385,000 | $125,909 | $4,710 | 2.93% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $1,105,000 | $1,105,000 | $10,623 | 2.50% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 9 | $1,095,000 | $121,667 | $567 | 6.25% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $5,806 | 3.00% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $2,336 | 3.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $9,300 | 2.75% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 6 | $720,000 | $120,000 | $7,210 | 3.54% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $6,236 | 5.13% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $5,057 | 3.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $6,799 | 5.13% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $6,571 | 4.88% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $6,147 | 3.00% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $7,746 | 2.38% |
| ROCHESTER, NY (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $3,492 | 2.75% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $1,199 | 5.54% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $12,393 | 3.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 3 | $355,000 | $118,333 | $4,863 | 2.83% |
| Steamboat Springs, CO (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $5,969 | 2.88% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $150 | 6.63% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $9,778 | 3.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $5,230 | 2.75% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $6,926 | 3.25% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $6,830 | 2.50% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,407 | 2.63% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $9,337 | 2.13% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,170 | 3.00% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $7,279 | 3.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,016 | 3.63% |
| Keene, NH (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $11,602 | 3.00% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,145 | 3.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $10,000 | 3.00% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $150 | 5.75% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,932 | 2.63% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,047 | 6.75% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $150 | 5.75% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 3 | $195,000 | $65,000 | $150 | 5.33% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,729 | 2.50% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,459 | 2.50% |
| Decatur, IN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $150 | 7.50% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $8,820 | 3.25% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,360 | 3.00% |
| RENO, NV (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $150 | 4.75% |
| JONESBORO, AR (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $1,881 | 5.00% |
| Marinette, WI-MI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,239 | 4.00% |
| OWENSBORO, KY (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,397 | 2.63% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,874 | 2.75% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,352 | 3.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $1,971 | 3.44% |
| ALTOONA, PA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $150 | 8.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,577 | 3.00% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $150 | 6.75% |
| Wooster, OH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,594 | 2.63% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $150 | 6.75% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $7,431 | 3.63% |
| Albertville, AL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,118 | 3.00% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,460 | 3.63% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $150 | 5.25% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,133 | 3.00% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $150 | 7.50% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,799 | 2.00% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $150 | 6.00% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $150 | 5.25% |
| Lufkin, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,225 | 3.00% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $150 | 6.75% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,514 | 2.75% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $150 | 6.75% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,694 | 3.00% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $150 | 6.50% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $150 | 7.75% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $150 | 5.50% |
| GRAND ISLAND, NE (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $150 | 5.25% |
| Marshall, MN (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $3,936 | 2.63% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $150 | 7.50% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $150 | 8.00% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $150 | 6.25% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $150 | 6.00% |
| Silver City, NM (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $2,656 | 2.50% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $150 | 4.50% |
| Greensburg, IN (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $150 | 5.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $150 | 5.75% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 132 | $23,690,000 | $179,470 | $3,936 | 4.26% |
For 2021, Signature Federal Credit Union's most frequently originated type of loan was Conventional, with 132 originations.
Loan Reason
For 2021, Signature Federal Credit Union's most frequently cited loan purpose was Refi, with 63 originations. The 2nd most popular reason was Home Improvement, with 41 originations.
Loan Duration/Length
For 2021, Signature Federal Credit Union's most frequently cited loan duration was 30 Year, with 47 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 $6,302, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 68 originations.
Interest Rates
During 2021, Signature Federal Credit Union's average interest rate for loans was 3.00%, while their most frequently originated rate bucket for loans was 2.5-3%, with 50 originations.
Loan Sizing
2021 saw Signature Federal Credit Union place emphasis on $100,000 or less loans with 50 originations, totaling $3,350,000 in origination value.
Applicant Income
Signature Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 34 originations. The second most popular income band? $150k-250k, with 31 originations.
Applicant Debt to Income Ratio
Signature Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 41 originations. The next most common DTI ratio? 30-36%, with 40 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.32%
Signature Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination37.88%
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 | 132 | $23,690,000 | $179,470 |