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 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, Oxnard, and Phoenix among others. We have data for 106 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. United States Senate Federal Credit Union is typically a low 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 |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 5.67% | 4/21/24 |
| 30 Year Conventional Refi | 6.27% | 4/21/24 |
| 15 Year Conventional Purchase | 8.23% | 4/21/24 |
| 15 Year Conventional Refi | 7.00% | 4/21/24 |
| 15 Year Cash-out Refi | 7.00% | 4/21/24 |
| 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
543Origination Dollar Volume (All Markets)
$55,215,000Top 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) | 161 | $22,265,000 | $138,292 | $525 | 4.24% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 61 | $4,375,000 | $71,721 | $417 | 5.57% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 30 | $3,210,000 | $107,000 | $339 | 4.55% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 13 | $1,465,000 | $112,692 | $399 | 5.19% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 18 | $1,440,000 | $80,000 | $461 | 5.94% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 20 | $1,420,000 | $71,000 | $380 | 4.76% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 16 | $1,390,000 | $86,875 | $493 | 5.80% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 8 | $1,380,000 | $172,500 | $470 | 4.97% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 11 | $1,275,000 | $115,909 | $450 | 4.51% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 9 | $1,075,000 | $119,444 | $440 | 5.33% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 4 | $820,000 | $205,000 | $1,634 | 4.32% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 9 | $815,000 | $90,556 | $400 | 5.43% |
| TUCSON, AZ (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $1,936 | 4.96% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 11 | $805,000 | $73,182 | $743 | 5.77% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $2,539 | 5.69% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 10 | $650,000 | $65,000 | $534 | 6.44% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 6 | $610,000 | $101,667 | $625 | 4.94% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 6 | $580,000 | $96,667 | $539 | 6.40% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $705 | 7.00% |
| Outside of Metro Areas | 8 | $410,000 | $51,250 | $386 | 6.47% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 6 | $380,000 | $63,333 | $395 | 5.48% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 4 | $350,000 | $87,500 | $340 | 5.25% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 6 | $330,000 | $55,000 | $483 | 5.82% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 4 | $320,000 | $80,000 | $450 | 6.38% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 5 | $275,000 | $55,000 | $455 | 4.80% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 3.25% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 3.25% |
| Gloversville, NY (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 3.25% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 3.25% |
| FRESNO, CA (FHA|USDA|VA) | 4 | $220,000 | $55,000 | $605 | 8.44% |
| STOCKTON, CA (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $225 | 5.26% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $0 | 3.25% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 3 | $195,000 | $65,000 | $583 | 6.54% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 4 | $190,000 | $47,500 | $670 | 4.72% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 3 | $175,000 | $58,333 | $650 | 6.17% |
| MERCED, CA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 5.38% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $0 | 3.25% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $165,000 | $55,000 | $0 | 3.96% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 3.25% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 3.25% |
| VALLEJO, CA (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $718 | 7.63% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $450 | 4.32% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $435 | 6.32% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $450 | 5.25% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $450 | 5.25% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 3.25% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 4.75% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $1,280 | 5.75% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $450 | 6.19% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $1,050 | 5.75% |
| MODESTO, CA (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $450 | 5.38% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $845 | 6.82% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 3.25% |
| TOPEKA, KS (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 5.38% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $450 | 6.57% |
| EL CENTRO, CA (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $325 | 6.19% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 3.25% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 4.75% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $670 | 5.38% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 3.25% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $1,050 | 5.38% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $1,050 | 7.75% |
| Bluefield, WV-VA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $685 | 7.25% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $465 | 7.25% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 3.25% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $450 | 7.25% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 6.75% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $450 | 7.25% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $450 | 5.13% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $150 | 5.38% |
| Selinsgrove, PA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $465 | 7.25% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $450 | 7.25% |
| STAUNTON, VA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $150 | 7.25% |
| TULSA, OK (FHA|USDA|VA) | 2 | $70,000 | $35,000 | $425 | 6.19% |
| RENO, NV (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $465 | 5.38% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $450 | 6.75% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $450 | 7.25% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $450 | 7.25% |
| Paragould, AR (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $450 | 7.25% |
| LAS CRUCES, NM (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $750 | 5.38% |
| LAFAYETTE, LA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $450 | 5.38% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $450 | 7.25% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.75% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $735 | 9.25% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 3.25% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $450 | 7.25% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $450 | 5.38% |
| Cornelia, GA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $745 | 7.25% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $450 | 7.25% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $450 | 4.88% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 3.25% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $450 | 5.13% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $450 | 7.25% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $670 | 7.25% |
| ANN ARBOR, MI (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 3.25% |
| LEBANON, PA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $450 | 4.88% |
| BANGOR, ME (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $450 | 5.38% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $450 | 7.25% |
| HAMMOND, LA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $450 | 5.13% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $730 | 5.38% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $450 | 7.25% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $450 | 5.13% |
| Concord, NH (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 3.25% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $670 | 4.88% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 3.25% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 5.38% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 324 | $23,740,000 | $73,272 | $500 | 6.20% |
| HELOC | 219 | $31,475,000 | $143,721 | n/a | 3.47% |
For 2020, United States Senate Federal Credit Union's most frequently originated type of loan was Conventional, with 324 originations. Their 2nd most popular type was HELOC, with 219 originations.
Loan Reason
For 2020, United States Senate Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 368 originations. The 2nd most popular reason was Other, with 96 originations.
Loan Duration/Length
For 2020, United States Senate Federal Credit Union's most frequently cited loan duration was 15 Year, with 206 originations. The 2nd most popular length was 20 Year, with 204 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 320 | $23,190,000 | $72,469 |
| $4k-5k | 1 | $315,000 | $315,000 |
United States Senate Federal Credit Union's average total fees were $4,602, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 320 originations.
Interest Rates
During 2020, United States Senate Federal Credit Union's average interest rate for loans was 4.53%, while their most frequently originated rate bucket for loans was 3-4%, with 190 originations.
Loan Sizing
2020 saw United States Senate Federal Credit Union place emphasis on $100,000 or less loans with 370 originations, totaling $20,620,000 in origination value.
Applicant Income
United States Senate Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 196 originations. The second most popular income band? $100k-150k, with 153 originations.
Applicant Debt to Income Ratio
United States Senate Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 111 originations. The next most common DTI ratio? 30-36%, with 109 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.33%
United States Senate Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination80.29%
United States Senate Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 543 | $55,215,000 | $101,685 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 543 | $55,215,000 | $101,685 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| United Shore Financial Services, LLC | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 12 | 10.6% |
| United Shore Financial Services, LLC | VA mortgage | Trouble during payment process | 4 | 3.5% |
| United Shore Financial Services, LLC | VA mortgage | Struggling to pay mortgage | 2 | 1.8% |
| United Shore Financial Services, LLC | VA mortgage | Incorrect information on your report | 1 | 0.9% |
| United Shore Financial Services, LLC | VA mortgage | Closing on a mortgage | 4 | 3.5% |
| United Shore Financial Services, LLC | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 0.9% |
| United Shore Financial Services, LLC | Other type of mortgage | Trouble during payment process | 1 | 0.9% |
| United Shore Financial Services, LLC | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 0.9% |
| United Shore Financial Services, LLC | FHA mortgage | Trouble during payment process | 6 | 5.3% |
| United Shore Financial Services, LLC | FHA mortgage | Struggling to pay mortgage | 2 | 1.8% |
| United Shore Financial Services, LLC | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 3 | 2.7% |
| United Shore Financial Services, LLC | Conventional home mortgage | Trouble during payment process | 48 | 42.5% |
| United Shore Financial Services, LLC | Conventional home mortgage | Struggling to pay mortgage | 9 | 8.0% |
| United Shore Financial Services, LLC | Conventional home mortgage | Problem with a credit reporting company's investigation into an existing problem | 3 | 2.7% |
| United Shore Financial Services, LLC | Conventional home mortgage | Incorrect information on your report | 3 | 2.7% |
| United Shore Financial Services, LLC | Conventional home mortgage | Closing on a mortgage | 13 | 11.5% |