United States Senate Federal Credit Union Mortgage Rates, Fees & Info
Alexandria, VALEI: 549300TULDV69V2XKY60
Tax ID: 53-0197042
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Mortgage Data
Review & Overview
United States Senate Federal Credit Union is a smaller credit union specializing in Home Improvement and Other loans. United States Senate Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Washington, Riverside, Los Angeles, San Diego, and Baltimore among others. We have data for 98 markets. (Some data included below & more in-depth data is available with an active subscription.)United States Senate 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.
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) | 5.67% | 11/17/24 |
| 30 Year Conventional Refi | 6.27% | 11/17/24 |
| 15 Year Conventional Purchase | 8.23% | 11/17/24 |
| 15 Year Conventional Refi | 7.00% | 11/17/24 |
| 15 Year Cash-out Refi | 7.00% | 11/17/24 |
| 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. | ||
United States Senate 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
451Origination Dollar Volume (All Markets)
$62,145,000Top 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) | 154 | $21,640,000 | $140,519 | $764 | 7.47% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 29 | $3,895,000 | $134,310 | $893 | 7.59% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 16 | $2,840,000 | $177,500 | $1,057 | 7.64% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 14 | $2,400,000 | $171,429 | $1,229 | 7.33% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 24 | $2,060,000 | $85,833 | $524 | 7.12% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 11 | $2,005,000 | $182,273 | $960 | 7.34% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 12 | $1,750,000 | $145,833 | $1,232 | 7.50% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 9 | $1,535,000 | $170,556 | $1,196 | 7.70% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 9 | $1,315,000 | $146,111 | $1,350 | 7.50% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 6 | $930,000 | $155,000 | $465 | 7.73% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 8 | $870,000 | $108,750 | $1,551 | 7.67% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 3 | $855,000 | $285,000 | $1,082 | 7.75% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 5 | $825,000 | $165,000 | $1,382 | 7.03% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 8 | $780,000 | $97,500 | $918 | 7.28% |
| TUCSON, AZ (FHA|USDA|VA) | 4 | $760,000 | $190,000 | $1,331 | 7.97% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 7 | $745,000 | $106,429 | $572 | 7.64% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $1,303 | 7.67% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 5 | $705,000 | $141,000 | $1,230 | 7.33% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 4 | $700,000 | $175,000 | $1,358 | 7.69% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 4 | $660,000 | $165,000 | $1,365 | 7.22% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $0 | 8.38% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $1,065 | 7.71% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $1,828 | 7.26% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $0 | 8.50% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $2,409 | 6.88% |
| Easton, MD (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 8.25% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 4 | $400,000 | $100,000 | $778 | 7.60% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 8.50% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $525 | 8.04% |
| WILMINGTON, NC (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $610 | 8.21% |
| Heber, UT (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 8.25% |
| EL CENTRO, CA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 8.00% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $0 | 8.13% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 3 | $325,000 | $108,333 | $798 | 8.04% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $705 | 8.19% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 3 | $305,000 | $101,667 | $882 | 7.46% |
| SALINAS, CA (FHA|USDA|VA) | 3 | $305,000 | $101,667 | $1,243 | 7.50% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 3 | $265,000 | $88,333 | $503 | 7.25% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $525 | 7.69% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $1,170 | 7.69% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $1,332 | 7.26% |
| Hailey, ID (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,737 | 6.63% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $235,000 | $78,333 | $603 | 7.34% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 7.50% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 8.25% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 3 | $215,000 | $71,667 | $763 | 7.54% |
| STOCKTON, CA (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $520 | 6.76% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $1,770 | 7.88% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 8.25% |
| FRESNO, CA (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $943 | 6.76% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $1,745 | 6.88% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $570 | 7.01% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 8.00% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 8.50% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $555 | 6.63% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 8.25% |
| BANGOR, ME (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 8.25% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 8.25% |
| BURLINGTON, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 8.25% |
| Shawnee, OK (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $545 | 6.63% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 8.50% |
| LAS CRUCES, NM (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 8.50% |
| RICHMOND, VA (FHA|USDA|VA) | 3 | $125,000 | $41,667 | $540 | 8.29% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $525 | 7.13% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $735 | 6.38% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $842 | 7.88% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 7.50% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $540 | 7.38% |
| MADERA, CA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $575 | 6.88% |
| RENO, NV (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,120 | 6.88% |
| SIOUX FALLS, SD (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $450 | 6.13% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 8.00% |
| Plattsburgh, NY (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 8.50% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $555 | 6.88% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,517 | 6.88% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 8.50% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $495 | 6.88% |
| LAFAYETTE, LA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $525 | 7.13% |
| BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $555 | 7.13% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 8.50% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $555 | 6.63% |
| ERIE, PA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 8.50% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $450 | 6.88% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $570 | 6.38% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $555 | 7.88% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $450 | 6.38% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 8.25% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $890 | 6.88% |
| WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $525 | 7.88% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 8.25% |
| Sheridan, WY (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $495 | 6.38% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $545 | 6.63% |
| RAPID CITY, SD (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $1,100 | 7.38% |
| Outside of Metro Areas | 1 | $25,000 | $25,000 | $0 | 8.50% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $540 | 7.38% |
| Tifton, GA (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 6.38% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 7.50% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $555 | 6.63% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 261 | $30,555,000 | $117,069 | $892 | 7.08% |
| HELOC | 190 | $31,590,000 | $166,263 | n/a | 8.09% |
For 2023, United States Senate Federal Credit Union's most frequently originated type of loan was Conventional, with 261 originations. Their 2nd most popular type was HELOC, with 190 originations.
Loan Reason
For 2023, United States Senate Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 266 originations. The 2nd most popular reason was Other, with 113 originations.
Loan Duration/Length
For 2023, United States Senate Federal Credit Union's most frequently cited loan duration was 20 Year, with 190 originations. The 2nd most popular length was 15 Year, with 164 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 256 | $30,290,000 | $118,320 |
United States Senate Federal Credit Union's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 256 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 199 | $29,045,000 | $145,955 |
| 6-7% | 125 | $13,485,000 | $107,880 |
| Over 8% | 122 | $18,910,000 | $155,000 |
| 5-6% | 5 | $705,000 | $141,000 |
During 2023, United States Senate Federal Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 7-8%, with 199 originations.
Loan Sizing
2023 saw United States Senate Federal Credit Union place emphasis on $100,000 or less loans with 191 originations, totaling $11,535,000 in origination value.
Applicant Income
United States Senate Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 160 originations. The second most popular income band? $250k+, with 151 originations.
Applicant Debt to Income Ratio
United States Senate Federal Credit Union lent most frequently to those with DTI ratios of 50-60%, with 107 originations. The next most common DTI ratio? 20-30%, with 91 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.84%
United States Senate Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination80.71%
United States Senate Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 451 | $62,145,000 | $137,794 |