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, Las Vegas, and San Francisco among others. We have data for 88 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% | 4/18/24 |
| 30 Year Conventional Refi | 6.27% | 4/18/24 |
| 15 Year Conventional Purchase | 8.23% | 4/18/24 |
| 15 Year Conventional Refi | 7.00% | 4/18/24 |
| 15 Year Cash-out Refi | 7.00% | 4/18/24 |
| 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
383Origination Dollar Volume (All Markets)
$38,165,000Top 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) | 138 | $13,890,000 | $100,652 | $764 | 5.15% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 21 | $3,845,000 | $183,095 | $466 | 5.37% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 19 | $3,455,000 | $181,842 | $564 | 5.23% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 14 | $1,240,000 | $88,571 | $0 | 5.31% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 5 | $935,000 | $187,000 | $0 | 5.19% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 14 | $920,000 | $65,714 | $435 | 6.30% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 6 | $740,000 | $123,333 | $515 | 5.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 5 | $725,000 | $145,000 | $0 | 4.63% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 6 | $640,000 | $106,667 | $645 | 5.88% |
| Outside of Metro Areas | 7 | $555,000 | $79,286 | $0 | 6.32% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 0.00% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 7 | $485,000 | $69,286 | $0 | 4.25% |
| VALLEJO, CA (FHA|USDA|VA) | 4 | $480,000 | $120,000 | $0 | 6.32% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 6 | $390,000 | $65,000 | $435 | 4.94% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 4 | $390,000 | $97,500 | $1,180 | 4.94% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 6 | $380,000 | $63,333 | $0 | 5.26% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 4 | $370,000 | $92,500 | $0 | 5.38% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 7 | $335,000 | $47,857 | $0 | 4.66% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 4 | $330,000 | $82,500 | $435 | 6.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 6 | $300,000 | $50,000 | $675 | 6.32% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 5.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 3 | $275,000 | $91,667 | $720 | 6.32% |
| STAUNTON, VA (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 5.07% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 3 | $225,000 | $75,000 | $0 | 4.50% |
| RENO, NV (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 5.38% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 5.38% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 5 | $195,000 | $39,000 | $0 | 6.13% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 4.50% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 4.50% |
| STOCKTON, CA (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 0.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 4 | $160,000 | $40,000 | $0 | 5.09% |
| HARRISONBURG, VA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 4.25% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 5.13% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 3 | $155,000 | $51,667 | $318 | 5.38% |
| MADISON, WI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 7.74% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 6.32% |
| MODESTO, CA (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 4.25% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $765 | 7.25% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $145,000 | $48,333 | $465 | 6.32% |
| MERCED, CA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $705 | 0.00% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $465 | 7.25% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 5.38% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 4.50% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 0.00% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 7.25% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 4.25% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 5.13% |
| LANCASTER, PA (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 0.00% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 5.00% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 7.25% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| Paducah, KY-IL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| TULSA, OK (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 7.25% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 3 | $65,000 | $21,667 | $0 | 4.25% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| Elizabeth City, NC (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 7.25% |
| Vicksburg, MS (FHA|USDA|VA) | 2 | $60,000 | $30,000 | $0 | 6.32% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.50% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| Albertville, AL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 5.00% |
| CLEVELAND, TN (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 7.25% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 5.38% |
| Madison, IN (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $490 | 0.00% |
| Lake City, FL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 4.50% |
| PEORIA, IL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $435 | 5.38% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $435 | 7.25% |
| LEWISTON-AUBURN, ME (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 5.13% |
| Helena, MT (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 4.88% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 383 | $38,165,000 | $99,648 | $643 | 5.40% |
For 2018, United States Senate Federal Credit Union's most frequently originated type of loan was Conventional, with 383 originations.
Loan Reason
For 2018, United States Senate Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 190 originations. The 2nd most popular reason was Other, with 135 originations.
Loan Duration/Length
For 2018, United States Senate Federal Credit Union's most frequently cited loan duration was Other, with 215 originations. The 2nd most popular length was 20 Year, with 58 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 10 | $920,000 | $92,000 |
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 10 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 85 | $11,225,000 | $132,059 |
| 5-6% | 67 | $5,985,000 | $89,328 |
| 7-8% | 37 | $2,275,000 | $61,486 |
| Over 8% | 1 | $35,000 | $35,000 |
During 2018, 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 4-5%, with 85 originations.
Loan Sizing
2018 saw United States Senate Federal Credit Union place emphasis on $100,000 or less loans with 262 originations, totaling $14,690,000 in origination value.
Applicant Income
United States Senate Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 145 originations. The second most popular income band? $100k-150k, with 98 originations.
Applicant Debt to Income Ratio
United States Senate Federal Credit Union lent most frequently to those with DTI ratios of 50-60%, with 61 originations. The next most common DTI ratio? 20-30%, with 48 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.96%
United States Senate Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination82.25%
United States Senate Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 499.0 | 1 | $35,000 | $35,000 |
| 576.33 | 1 | $25,000 | $25,000 |
| 750.0 | 1 | $45,000 | $45,000 |
| 815.33 | 1 | $105,000 | $105,000 |
| 845.0 | 1 | $75,000 | $75,000 |
| NA | 378 | $37,880,000 | $100,212 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 383 | $38,165,000 | $99,648 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| United Shore Financial Services, LLC | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 3.8% |
| United Shore Financial Services, LLC | VA mortgage | Trouble during payment process | 2 | 7.7% |
| United Shore Financial Services, LLC | FHA mortgage | Trouble during payment process | 2 | 7.7% |
| United Shore Financial Services, LLC | FHA mortgage | Closing on a mortgage | 1 | 3.8% |
| United Shore Financial Services, LLC | Conventional home mortgage | Trouble during payment process | 11 | 42.3% |
| United Shore Financial Services, LLC | Conventional home mortgage | Struggling to pay mortgage | 6 | 23.1% |
| United Shore Financial Services, LLC | Conventional home mortgage | Closing on a mortgage | 3 | 11.5% |