United States Senate Federal Credit Union Mortgage Rates, Fees & Info

Alexandria, VA

LEI: 549300TULDV69V2XKY60

Tax ID: 53-0197042

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

United States Senate Federal Credit Union is a smaller credit union specializing in Home Improvement loans. United States Senate Federal Credit Union has a high proportion of conventional loans. Their top markets include Washington, Los Angeles, Riverside, Baltimore, and San Diego among others. United States Senate Federal Credit Union has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors.


Originations

463

Origination Dollar Volume (All Markets)

$59,665,000

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 141 $21,045,000 $149,255 $607 3.96%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 31 $4,795,000 $154,677 $455 4.24%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 38 $3,970,000 $104,474 $470 4.64%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 19 $2,585,000 $136,053 $453 4.02%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 14 $2,200,000 $157,143 $823 4.57%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 10 $1,320,000 $132,000 $450 3.68%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 9 $1,305,000 $145,000 $458 3.99%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 13 $1,215,000 $93,462 $738 4.19%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 7 $1,145,000 $163,571 $450 3.86%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 10 $1,070,000 $107,000 $440 4.08%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 11 $975,000 $88,636 $414 5.07%
PROVO-OREM, UT (FHA|USDA|VA) 3 $855,000 $285,000 $1,310 5.13%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 4 $830,000 $207,500 $0 3.25%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 10 $790,000 $79,000 $645 4.64%
ST. GEORGE, UT (FHA|USDA|VA) 2 $770,000 $385,000 $0 3.25%
Outside of Metro Areas 7 $765,000 $109,286 $542 4.32%
RALEIGH-CARY, NC (FHA|USDA|VA) 3 $725,000 $241,667 $670 3.96%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 6 $630,000 $105,000 $760 4.63%
STOCKTON, CA (FHA|USDA|VA) 3 $515,000 $171,667 $980 3.96%
BOULDER, CO (FHA|USDA|VA) 1 $505,000 $505,000 $0 3.25%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 4 $450,000 $112,500 $628 5.32%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 4 $430,000 $107,500 $670 4.25%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 3 $425,000 $141,667 $450 3.88%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $415,000 $415,000 $0 3.49%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 2 $390,000 $195,000 $0 3.25%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 4 $390,000 $97,500 $230 4.25%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 3 $335,000 $111,667 $450 3.96%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 5 $335,000 $67,000 $450 4.90%
SALISBURY, MD-DE (FHA|USDA|VA) 1 $315,000 $315,000 $0 3.25%
KANSAS CITY, MO-KS (FHA|USDA|VA) 3 $295,000 $98,333 $348 5.92%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $275,000 $275,000 $0 3.25%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 2 $260,000 $130,000 $0 3.25%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 2 $250,000 $125,000 $375 4.07%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $245,000 $245,000 $0 3.25%
REDDING, CA (FHA|USDA|VA) 2 $240,000 $120,000 $0 3.25%
DOVER, DE (FHA|USDA|VA) 2 $230,000 $115,000 $0 4.07%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $215,000 $215,000 $0 3.25%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 2 $210,000 $105,000 $450 5.25%
YUMA, AZ (FHA|USDA|VA) 1 $205,000 $205,000 $0 3.25%
Kill Devil Hills, NC (FHA|USDA|VA) 1 $205,000 $205,000 $0 3.25%
SALT LAKE CITY, UT (FHA|USDA|VA) 2 $200,000 $100,000 $715 5.38%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 2 $190,000 $95,000 $0 3.25%
COLORADO SPRINGS, CO (FHA|USDA|VA) 2 $190,000 $95,000 $700 4.32%
RENO, NV (FHA|USDA|VA) 2 $180,000 $90,000 $575 5.38%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $180,000 $90,000 $0 3.25%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $165,000 $165,000 $0 3.25%
LAFAYETTE, LA (FHA|USDA|VA) 2 $160,000 $80,000 $588 6.19%
DULUTH, MN-WI (FHA|USDA|VA) 1 $155,000 $155,000 $0 3.25%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 3 $155,000 $51,667 $455 7.67%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $155,000 $155,000 $465 5.38%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $155,000 $155,000 $0 3.25%
JACKSONVILLE, FL (FHA|USDA|VA) 2 $150,000 $75,000 $450 4.32%
OCEAN CITY, NJ (FHA|USDA|VA) 1 $145,000 $145,000 $465 5.38%
SALINAS, CA (FHA|USDA|VA) 2 $140,000 $70,000 $0 3.25%
Easton, MD (FHA|USDA|VA) 1 $135,000 $135,000 $0 3.25%
BATON ROUGE, LA (FHA|USDA|VA) 1 $135,000 $135,000 $450 5.38%
PITTSBURGH, PA (FHA|USDA|VA) 2 $130,000 $65,000 $0 3.25%
VALLEJO, CA (FHA|USDA|VA) 1 $125,000 $125,000 $450 5.13%
JACKSON, MS (FHA|USDA|VA) 2 $120,000 $60,000 $458 6.32%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $120,000 $60,000 $450 4.32%
RICHMOND, VA (FHA|USDA|VA) 1 $105,000 $105,000 $0 3.25%
LANCASTER, PA (FHA|USDA|VA) 1 $105,000 $105,000 $0 3.25%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $105,000 $105,000 $450 5.13%
Plattsburgh, NY (FHA|USDA|VA) 1 $105,000 $105,000 $0 3.25%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $105,000 $105,000 $670 5.38%
READING, PA (FHA|USDA|VA) 2 $100,000 $50,000 $450 5.26%
WORCESTER, MA-CT (FHA|USDA|VA) 2 $100,000 $50,000 $645 5.01%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $95,000 $95,000 $435 5.38%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 1 $95,000 $95,000 $450 5.38%
EL CENTRO, CA (FHA|USDA|VA) 1 $85,000 $85,000 $0 3.25%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $85,000 $85,000 $450 5.38%
OCALA, FL (FHA|USDA|VA) 1 $75,000 $75,000 $450 5.38%
BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 1 $75,000 $75,000 $450 5.38%
Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $75,000 $75,000 $450 5.13%
JACKSON, MI (FHA|USDA|VA) 1 $75,000 $75,000 $450 7.25%
Henderson, NC (FHA|USDA|VA) 1 $65,000 $65,000 $670 5.13%
AKRON, OH (FHA|USDA|VA) 1 $65,000 $65,000 $450 5.38%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $65,000 $65,000 $700 5.38%
Vicksburg, MS (FHA|USDA|VA) 1 $65,000 $65,000 $450 5.38%
NAPA, CA (FHA|USDA|VA) 1 $55,000 $55,000 $0 3.25%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $55,000 $55,000 $0 3.25%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $55,000 $55,000 $460 4.88%
LaGrange, GA-AL (FHA|USDA|VA) 1 $55,000 $55,000 $0 3.25%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $55,000 $55,000 $0 3.25%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $50,000 $25,000 $348 6.19%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 2 $50,000 $25,000 $473 6.19%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $45,000 $45,000 $670 5.38%
STAUNTON, VA (FHA|USDA|VA) 1 $45,000 $45,000 $0 3.25%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $45,000 $45,000 $465 5.38%
MODESTO, CA (FHA|USDA|VA) 1 $45,000 $45,000 $700 5.38%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $35,000 $35,000 $760 7.25%
Hudson, NY (FHA|USDA|VA) 1 $35,000 $35,000 $450 7.75%
VISALIA, CA (FHA|USDA|VA) 1 $35,000 $35,000 $450 5.13%
DALTON, GA (FHA|USDA|VA) 1 $35,000 $35,000 $705 4.88%
FRESNO, CA (FHA|USDA|VA) 1 $35,000 $35,000 $450 5.38%
WILMINGTON, NC (FHA|USDA|VA) 1 $25,000 $25,000 $0 3.25%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $25,000 $25,000 $450 5.13%
MADERA, CA (FHA|USDA|VA) 1 $15,000 $15,000 $985 5.38%
COLUMBUS, OH (FHA|USDA|VA) 1 $15,000 $15,000 $450 5.13%

United States Senate Federal Credit Union's top markets include Washington, Los Angeles, Riverside, Baltimore, and San Diego among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 463 $59,665,000 $128,866 $548 4.29%

For the 2021 period, United States Senate Federal Credit Union's most frequently originated loan type of loans were Conventional, with 463 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Improvement 302 $37,420,000 $123,907 $553 4.26%
Other 90 $9,570,000 $106,333 $469 4.54%
Refi 57 $9,045,000 $158,684 $669 4.22%
Home Purchase 14 $3,630,000 $259,286 $685 3.54%

For the 2021, United States Senate Federal Credit Union's most frequently cited loan purpose of loans were Home Improvement, with 302 originations. The 2nd most popular reason of loans were Other, with 90 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
20 Year 270 $44,190,000 $163,667 $0 3.25%
15 Year 131 $12,035,000 $91,870 $584 5.68%
10 Year 49 $2,795,000 $57,041 $461 6.09%
5 Year 10 $520,000 $52,000 $476 4.88%
Other 3 $125,000 $41,667 $628 5.30%

For the 2021, United States Senate Federal Credit Union's most frequently cited loan length of loans were 20 Year, with 270 originations. The 2nd most popular length of loans were 15 Year, with 131 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 193 $15,475,000 $80,181

$0 of loans were United States Senate Federal Credit Union's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 193 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 270 $44,190,000 $163,667
5-6% 145 $12,765,000 $88,034
7-8% 28 $1,600,000 $57,143
4-5% 10 $520,000 $52,000
6-7% 6 $300,000 $50,000
Over 8% 4 $290,000 $72,500

During 2021, United States Senate Federal Credit Union's average interest rate of loans were 0.00%, while their most frequently originated rate bucket of loans were 3-4%, with 270 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100,000 or less 231 $14,105,000 $61,061 $473 4.93%
$100k-200k 146 $19,970,000 $136,781 $664 3.78%
$200k-400k 70 $17,890,000 $255,571 $1,384 3.43%
$400k-600k 15 $7,055,000 $470,333 $2,465 3.41%
$600k-1MM 1 $645,000 $645,000 $0 3.25%

2021 saw United States Senate Federal Credit Union place emphasis on $100,000 or less loans with 231 originations, totaling $14,105,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$150k-250k 174 $21,470,000 $123,391 $496 4.39%
$250k+ 125 $21,515,000 $172,120 $747 3.88%
$100k-150k 105 $11,145,000 $106,143 $537 4.46%
$75k-100k 30 $2,950,000 $98,333 $455 4.29%
$50k-75k 22 $1,680,000 $76,364 $488 4.76%
$50k or less 5 $385,000 $77,000 $450 5.28%

United States Senate Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 174 originations. The second most popular income band? $250k+, with 125 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
30-36% 86 $10,120,000 $117,674 $596 4.34%
20-30% 86 $11,190,000 $130,116 $516 4.13%
50-60% 54 $6,470,000 $119,815 $540 4.40%
<20% 38 $5,810,000 $152,895 $620 4.06%
39% 19 $2,445,000 $128,684 $507 4.29%
36% 18 $3,260,000 $181,111 $525 3.92%
47% 18 $2,620,000 $145,556 $455 4.26%
49% 17 $2,375,000 $139,706 $678 4.70%
37% 16 $1,790,000 $111,875 $813 4.42%
44% 15 $2,555,000 $170,333 $496 3.94%
40% 15 $1,425,000 $95,000 $423 4.16%
41% 14 $1,370,000 $97,857 $458 4.85%
38% 13 $1,395,000 $107,308 $397 4.16%
42% 11 $1,225,000 $111,364 $767 4.19%
43% 11 $1,465,000 $133,182 $461 4.20%
45% 10 $1,120,000 $112,000 $398 5.30%
46% 8 $1,100,000 $137,500 $575 4.25%
48% 7 $655,000 $93,571 $462 5.31%
>60% 6 $860,000 $143,333 $980 3.61%

United States Senate Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 86 originations. The next most common DTI ratio? 20-30%, with 86 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 268 $33,140,000 $123,657 $543 4.24%
Not provided 143 $20,105,000 $140,594 $542 4.30%
Black 38 $3,980,000 $104,737 $522 4.55%
Asian Indian 2 $660,000 $330,000 $2,465 4.32%
Asian 4 $650,000 $162,500 $450 4.78%
Not applicable 1 $415,000 $415,000 $0 3.49%
Korean 1 $325,000 $325,000 $0 3.25%
American Indian 4 $210,000 $52,500 $450 4.72%
Native Hawaiian 2 $180,000 $90,000 $0 3.25%

Approval Rates

Total approvals of all applications
93.51%

United States Senate Federal Credit Union has an average approval rate.

Pick Rate

Approvals leading to origination
83.45%

United States Senate Federal Credit Union has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 463 $59,665,000 $128,866

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
463 $59,665,000 $128,866

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 118 $23,440,000 $198,644 $851 3.85%
40-60% 13 $2,845,000 $218,846 $607 3.70%
60-80% 8 $2,590,000 $323,750 $875 3.55%
80-100% 8 $2,130,000 $266,250 $450 3.52%
Under 20% 316 $28,660,000 $90,696 $486 4.51%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
United Shore Financial Services, LLC Conventional home mortgage Closing on a mortgage 12 6.0%
United Shore Financial Services, LLC VA mortgage Struggling to pay mortgage 2 1.0%
United Shore Financial Services, LLC VA mortgage Closing on a mortgage 2 1.0%
United Shore Financial Services, LLC VA mortgage Applying for a mortgage or refinancing an existing mortgage 3 1.5%
United Shore Financial Services, LLC Other type of mortgage Closing on a mortgage 1 0.5%
United Shore Financial Services, LLC Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 3 1.5%
United Shore Financial Services, LLC FHA mortgage Trouble during payment process 9 4.5%
United Shore Financial Services, LLC FHA mortgage Struggling to pay mortgage 5 2.5%
United Shore Financial Services, LLC FHA mortgage Problem with a credit reporting company's investigation into an existing problem 1 0.5%
United Shore Financial Services, LLC FHA mortgage Incorrect information on your report 1 0.5%
United Shore Financial Services, LLC FHA mortgage Credit monitoring or identity theft protection services 1 0.5%
United Shore Financial Services, LLC FHA mortgage Closing on a mortgage 3 1.5%
United Shore Financial Services, LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 8 4.0%
United Shore Financial Services, LLC FHA mortgage Applying for a mortgage or refinancing an existing mortgage 3 1.5%
United Shore Financial Services, LLC Conventional home mortgage Trouble during payment process 119 59.5%
United Shore Financial Services, LLC Conventional home mortgage Struggling to pay mortgage 10 5.0%
United Shore Financial Services, LLC Conventional home mortgage Problem with a credit reporting company's investigation into an existing problem 2 1.0%
United Shore Financial Services, LLC Conventional home mortgage Incorrect information on your report 3 1.5%
United Shore Financial Services, LLC VA mortgage Trouble during payment process 12 6.0%