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 Home Improvement, Refi, and Home Purchase loans. Signature Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: New York, Washington, Phoenix, Charlotte, and Denver among others. We have data for 101 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% | 4/28/24 |
| 30 Year Conventional Refi | 5.88% | 4/28/24 |
| 30 Year Cash-out Refi | 5.88% | 4/28/24 |
| 15 Year Conventional Purchase | 5.87% | 4/28/24 |
| 15 Year Conventional Refi | 6.06% | 4/28/24 |
| 15 Year Cash-out Refi | 6.06% | 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. | ||
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
186Origination Dollar Volume (All Markets)
$31,070,000Top 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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 8 | $2,320,000 | $290,000 | $2,364 | 6.30% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 10 | $1,890,000 | $189,000 | $2,497 | 5.33% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 10 | $1,160,000 | $116,000 | $200 | 6.03% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 6 | $1,090,000 | $181,667 | $2,089 | 5.19% |
| Outside of Metro Areas | 9 | $995,000 | $110,556 | $3,836 | 4.33% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 5 | $885,000 | $177,000 | $210 | 7.10% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 2 | $850,000 | $425,000 | $19,463 | 4.81% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 7 | $765,000 | $109,286 | $221 | 7.89% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $8,691 | 3.38% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $1,821 | 5.96% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $6,577 | 3.75% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $8,763 | 4.38% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $24,254 | 5.25% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $2,919 | 4.38% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $7,977 | 3.25% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $150 | 6.75% |
| Ardmore, OK (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $8,279 | 4.56% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $6,291 | 3.88% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $8,316 | 4.81% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $3,005 | 5.24% |
| READING, PA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $6,418 | 3.25% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $200 | 5.38% |
| Henderson, NC (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $5,600 | 4.06% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $6,817 | 3.25% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $1,686 | 6.67% |
| TUCSON, AZ (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $2,929 | 5.38% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $4,255 | 5.69% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $3,285 | 5.82% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $7,870 | 4.94% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 4 | $340,000 | $85,000 | $200 | 6.88% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $7,092 | 2.38% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $150 | 6.50% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 4 | $320,000 | $80,000 | $225 | 6.31% |
| Richmond-Berea, KY (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $9,157 | 5.75% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $250 | 8.63% |
| MANKATO, MN (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,663 | 2.50% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $4,259 | 5.38% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $200 | 6.50% |
| SIOUX CITY, IA-NE-SD (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $7,772 | 4.25% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,819 | 3.75% |
| COLUMBIA, SC (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $250 | 6.38% |
| SPARTANBURG, SC (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $9,545 | 5.38% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $250 | 7.50% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,824 | 5.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $250 | 5.25% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $250 | 7.50% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $250 | 7.50% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,742 | 6.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,408 | 4.13% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $1,701 | 6.19% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $250 | 5.75% |
| Coos Bay, OR (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $250 | 6.25% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $13,666 | 4.75% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $150 | 5.25% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,585 | 3.75% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $150 | 5.25% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $250 | 5.75% |
| ROCHESTER, NY (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,367 | 4.00% |
| Uvalde, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $250 | 8.25% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $250 | 6.50% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 3 | $135,000 | $45,000 | $150 | 6.58% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $150 | 7.25% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $150 | 7.25% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,697 | 5.25% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $250 | 6.75% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $150 | 7.25% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $150 | 4.25% |
| Morgan City, LA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,021 | 5.88% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $250 | 6.38% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,688 | 1.88% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 3 | $105,000 | $35,000 | $183 | 4.58% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $250 | 9.00% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 6.25% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,441 | 3.63% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $150 | 5.50% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $150 | 5.25% |
| Ozark, AL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,263 | 6.00% |
| Marshall, MN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $250 | 7.50% |
| Huntingdon, PA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,307 | 3.88% |
| Wabash, IN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,586 | 2.75% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $7,430 | 2.75% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $150 | 6.50% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $250 | 7.25% |
| ST. CLOUD, MN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $150 | 7.25% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $150 | 7.25% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $250 | 7.25% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $250 | 8.75% |
| Mexico, MO (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $250 | 7.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $250 | 6.25% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $150 | 6.00% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $150 | 5.50% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $150 | 4.75% |
| PEORIA, IL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $2,600 | 6.25% |
| Marion, OH (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $250 | 6.50% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $150 | 5.00% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $250 | 7.00% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $4,050 | 3.63% |
| OCALA, FL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $250 | 7.00% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $3,915 | 3.88% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 6.25% |
| Mason City, IA (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $250 | 4.25% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 186 | $31,070,000 | $167,043 | $2,592 | 5.71% |
For 2022, Signature Federal Credit Union's most frequently originated type of loan was Conventional, with 186 originations.
Loan Reason
For 2022, Signature Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 89 originations. The 2nd most popular reason was Refi, with 56 originations.
Loan Duration/Length
For 2022, Signature Federal Credit Union's most frequently cited loan duration was 20 Year, with 66 originations. The 2nd most popular length was 15 Year, with 56 originations.
Origination Fees/Closing Costs
Signature Federal Credit Union's average total fees were $7,777, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 132 originations.
Interest Rates
During 2022, Signature Federal Credit Union's average interest rate for loans was 4.45%, while their most frequently originated rate bucket for loans was 5-6%, with 48 originations.
Loan Sizing
2022 saw Signature Federal Credit Union place emphasis on $100k-200k loans with 71 originations, totaling $10,065,000 in origination value.
Applicant Income
Signature Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 57 originations. The second most popular income band? $150k-250k, with 45 originations.
Applicant Debt to Income Ratio
Signature Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 56 originations. The next most common DTI ratio? 30-36%, with 40 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.49%
Signature Federal Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination80.65%
Signature Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 186 | $31,070,000 | $167,043 |