Signal Financial Federal Credit Union Mortgage Rates, Fees & Info
Kensington, MDLEI: 549300ZM3AIJAKZITQ95
Tax ID: 53-0186303
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Mortgage Data
Review & Overview
Signal Financial Federal Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Signal Financial Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Washington, Baltimore, Salisbury, New York, and Richmond among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Signal Financial Federal Credit Union has an 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 |
|---|---|---|
| 30 Year Conventional Purchase | 5.67% | 11/17/24 |
| 30 Year Conventional Refi | 6.17% | 11/17/24 |
| 30 Year Cash-out Refi | 5.88% | 11/17/24 |
| 30 Year FHA Purchase | 6.27% | 11/17/24 |
| 15 Year Conventional Purchase | 5.98% | 11/17/24 |
| 15 Year Conventional Refi | 5.68% | 11/17/24 |
| 15 Year Cash-out Refi | 5.68% | 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. | ||
Signal Financial Federal Credit Union Mortgage Calculator
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This is not an official calculator from Signal Financial Federal Credit Union. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
113Origination Dollar Volume (All Markets)
$22,855,000Top 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) | 97 | $19,685,000 | $202,938 | $0 | 0.00% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 6 | $1,220,000 | $203,333 | $0 | 0.00% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 0.00% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $80,000 | $40,000 | $0 | 0.00% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Signal Financial 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
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 113 | $22,855,000 | $202,257 | $0 | 0.00% |
For 2019, Signal Financial Federal Credit Union's most frequently originated type of loan was Conventional, with 113 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 64 | $9,980,000 | $155,938 | $0 | 0.00% |
| Home Purchase | 38 | $10,200,000 | $268,421 | $0 | 0.00% |
| Refi | 11 | $2,675,000 | $243,182 | $0 | 0.00% |
For 2019, Signal Financial Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 64 originations. The 2nd most popular reason was Home Purchase, with 38 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 113 | $22,855,000 | $202,257 | $0 | 0.00% |
For 2019, Signal Financial Federal Credit Union's most frequently cited loan duration was Other, with 113 originations.
Loan Sizing
2019 saw Signal Financial Federal Credit Union place emphasis on $200k-400k loans with 42 originations, totaling $11,910,000 in origination value.
Applicant Income
Signal Financial Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 35 originations. The second most popular income band? $50k-75k, with 22 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 113 | $22,855,000 | $202,257 | $0 | 0.00% |
Signal Financial Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 113 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.85%
Signal Financial Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination52.21%
Signal Financial Federal Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 113 | $22,855,000 | $202,257 |