Service First Federal Credit Union Mortgage Rates, Fees & Info
Sioux Falls, SDLEI: 549300VTMXH07KUIB722
Tax ID: 46-0224713
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Mortgage Data
Review & Overview
Service First Federal Credit Union is a smaller credit union specializing in Home Purchase and Refi loans. Service First Federal Credit Union has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Sioux Falls, Des Moines, Brookings, Sioux City, and Rapid City among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)Service First 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.
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Originations
169Origination Dollar Volume (All Markets)
$47,745,000Top 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 |
|---|---|---|---|---|---|
| SIOUX FALLS, SD (FHA|USDA|VA) | 150 | $43,300,000 | $288,667 | $0 | 0.00% |
| Outside of Metro Areas | 10 | $1,990,000 | $199,000 | $0 | 0.00% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $0 | 0.00% |
| Brookings, SD (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 0.00% |
| SIOUX CITY, IA-NE-SD (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| RAPID CITY, SD (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| Alamogordo, NM (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| Spearfish, SD (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against SERVICE FIRST FEDERAL CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2024, Service First Federal Credit Union's most frequently originated type of loan was Conventional, with 116 originations. Their 2nd most popular type was FHA, with 43 originations.
Loan Reason
For 2024, Service First Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 123 originations. The 2nd most popular reason was Refi, with 35 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 169 | $47,745,000 | $282,515 | $0 | 0.00% |
For 2024, Service First Federal Credit Union's most frequently cited loan duration was Other, with 169 originations.
Loan Sizing
2024 saw Service First Federal Credit Union place emphasis on $200k-400k loans with 92 originations, totaling $26,820,000 in origination value.
Applicant Income
Service First Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 51 originations. The second most popular income band? $75k-100k, with 45 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 169 | $47,745,000 | $282,515 | $0 | 0.00% |
Service First Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 169 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.60%
Service First Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination87.57%
Service First Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 169 | $47,745,000 | $282,515 |