Signal Financial Federal Credit Union Mortgage Rates, Fees & Info

Kensington, MD

LEI: 549300ZM3AIJAKZITQ95

Tax ID: 53-0186303

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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. Signal Financial Federal Credit Union has an average proportion of conventional loans. Their top markets by origination volume include: Washington, Baltimore, Miami, Salisbury, and Richmond among others. We have data for 18 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Signal Financial 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. Signal Financial Federal Credit Union is typically an average 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 5.67% 4/28/24
    30 Year Conventional Refi 6.17% 4/28/24
    30 Year Cash-out Refi 5.88% 4/28/24
    30 Year FHA Purchase 6.27% 4/28/24
    15 Year Conventional Purchase 5.98% 4/28/24
    15 Year Conventional Refi 5.68% 4/28/24
    15 Year Cash-out Refi 5.68% 4/28/24
    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






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    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

    186

    Origination Dollar Volume (All Markets)

    $48,570,000

    Awards

    Signal Financial Federal Credit Union 30 Year Conventional Loans bronze
    Show all (1) awards

    Top 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) 143 $36,185,000 $253,042 $4,861 4.68%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 18 $5,270,000 $292,778 $4,951 4.79%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 4 $1,740,000 $435,000 $9,051 4.00%
    SALISBURY, MD-DE (FHA|USDA|VA) 4 $1,180,000 $295,000 $5,154 4.09%
    RICHMOND, VA (FHA|USDA|VA) 2 $1,100,000 $550,000 $6,607 5.00%
    Outside of Metro Areas 3 $1,015,000 $338,333 $5,132 4.19%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $415,000 $415,000 $6,176 4.50%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $325,000 $325,000 $5,473 4.50%
    YORK-HANOVER, PA (FHA|USDA|VA) 1 $325,000 $325,000 $4,279 4.00%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $155,000 $155,000 $3,185 4.50%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
    Cambridge, MD (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
    GETTYSBURG, PA (FHA|USDA|VA) 1 $55,000 $55,000 $3,694 5.13%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
    Signal Financial Federal Credit Union's top markets include Washington, Baltimore, Miami, Salisbury, and Richmond among others.

    Their top states include:
  • Maryland (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • District of Columbia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)

    • 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.

    POINT BREEZE
    Similarity Rank: 144
    FIRST FINANCIAL OF MARYLAND
    Similarity Rank: 156
    Cedar Point Federal Credit Union
    Similarity Rank: 370
    IDB Global Federal Credit Union
    Similarity Rank: 1133
    ABERDEEN PROVING GROUND FEDERAL CREDIT UNION
    Similarity Rank: 1216
    Burke & Herbert Bank & Trust Company
    Similarity Rank: 1260
    MISSION MORTGAGE LLC
    Similarity Rank: 1390
    PEOPLESBANK, A CODORUS VALLEY COMPANY
    Similarity Rank: 1526
    Mid-Atlantic Federal Credit Union
    Similarity Rank: 1548
    Member Options, LLC
    Similarity Rank: 1687

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 96 $36,960,000 $385,000 $4,998 4.64%
    Conventional 90 $11,610,000 $129,000 $0 0.00%

    For 2022, Signal Financial Federal Credit Union's most frequently originated type of loan was Conventional, with 96 originations. Their 2nd most popular type was Conventional, with 90 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 110 $18,130,000 $164,818 $4,329 4.76%
    Home Purchase 63 $28,445,000 $451,508 $5,609 4.59%
    Home Improvement 7 $305,000 $43,571 $1,163 5.87%
    Refi 6 $1,690,000 $281,667 $3,837 3.78%

    For 2022, Signal Financial Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 110 originations. The 2nd most popular reason was Home Purchase, with 63 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 92 $11,720,000 $127,391 $1,188 4.99%
    30 Year 84 $36,280,000 $431,905 $5,480 4.53%
    15 Year 4 $300,000 $75,000 $2,540 5.75%
    10 Year 3 $145,000 $48,333 $1,159 5.49%
    20 Year 2 $70,000 $35,000 $1,168 6.49%
    5 Year 1 $55,000 $55,000 $1,163 2.99%

    For 2022, Signal Financial Federal Credit Union's most frequently cited loan duration was Other, with 92 originations. The 2nd most popular length was 30 Year, with 84 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 34 $17,840,000 $524,706
    $1k-2k 31 $6,015,000 $194,032
    $<1k 11 $855,000 $77,727
    $3k-4k 9 $3,925,000 $436,111
    $5k+ 7 $5,585,000 $797,857
    $4k-5k 4 $2,740,000 $685,000

    Signal Financial Federal Credit Union's average total fees were $5,480, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 34 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 50 $21,630,000 $432,600
    3-4% 25 $11,655,000 $466,200
    5-6% 16 $3,330,000 $208,125
    6-7% 3 $245,000 $81,667
    2.5-3% 1 $55,000 $55,000
    7-8% 1 $45,000 $45,000

    During 2022, Signal Financial Federal Credit Union's average interest rate for loans was 4.53%, while their most frequently originated rate bucket for loans was 4-5%, with 50 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 53 $7,225,000 $136,321 $3,269 4.97%
    $100,000 or less 49 $2,655,000 $54,184 $1,959 5.43%
    $200k-400k 44 $12,590,000 $286,136 $4,559 4.29%
    $400k-600k 19 $9,625,000 $506,579 $6,220 4.43%
    $600k-1MM 18 $12,940,000 $718,889 $7,683 4.40%
    $1MM+ 3 $3,535,000 $1,178,333 $10,783 4.79%

    2022 saw Signal Financial Federal Credit Union place emphasis on $100k-200k loans with 53 originations, totaling $7,225,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 52 $14,420,000 $277,308 $5,503 4.64%
    $100k-150k 49 $12,665,000 $258,469 $4,777 4.31%
    $250k+ 26 $12,890,000 $495,769 $8,761 4.75%
    $75k-100k 24 $3,950,000 $164,583 $3,861 4.62%
    $50k-75k 22 $3,290,000 $149,545 $3,339 4.88%
    $50k or less 10 $970,000 $97,000 $2,861 5.41%

    Signal Financial Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 52 originations. The second most popular income band? $100k-150k, with 49 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 90 $11,610,000 $129,000 $0 0.00%
    30-36% 19 $6,055,000 $318,684 $4,331 4.62%
    20-30% 18 $7,370,000 $409,444 $5,042 4.58%
    43% 12 $4,620,000 $385,000 $6,015 4.63%
    <20% 8 $3,650,000 $456,250 $5,976 4.58%
    38% 7 $1,475,000 $210,714 $3,517 4.84%
    39% 7 $2,505,000 $357,857 $4,712 4.57%
    44% 5 $1,025,000 $205,000 $3,144 5.07%
    40% 4 $1,990,000 $497,500 $5,729 3.84%
    45% 4 $2,350,000 $587,500 $6,491 5.34%
    41% 3 $1,555,000 $518,333 $4,669 4.38%
    37% 2 $1,620,000 $810,000 $7,865 3.69%
    42% 2 $860,000 $430,000 $5,296 4.63%
    49% 2 $750,000 $375,000 $4,387 5.38%
    47% 1 $275,000 $275,000 $4,514 4.50%
    48% 1 $705,000 $705,000 $8,337 4.75%
    36% 1 $155,000 $155,000 $2,643 5.50%

    Signal Financial Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 90 originations. The next most common DTI ratio? 30-36%, with 19 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 89 $24,045,000 $270,169 $5,089 4.58%
    Not provided 38 $9,830,000 $258,684 $4,580 4.62%
    Black 44 $9,720,000 $220,909 $4,976 4.80%
    Asian 7 $2,625,000 $375,000 $5,799 4.44%
    Other Asian 3 $1,075,000 $358,333 $5,953 4.31%
    Asian Indian 3 $1,035,000 $345,000 $5,812 4.50%
    Chinese 1 $175,000 $175,000 $3,851 5.88%
    Korean 1 $65,000 $65,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.99%

    Signal Financial Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    69.89%

    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 90 $11,610,000 $129,000
    NA 96 $36,960,000 $385,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    186 $48,570,000 $261,129

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 4 $840,000 $210,000 $4,088 5.06%
    40-60% 8 $3,020,000 $377,500 $6,390 4.67%
    60-80% 36 $15,570,000 $432,500 $5,384 4.42%
    80-100% 38 $17,020,000 $447,895 $5,376 4.60%
    Under 20% 10 $510,000 $51,000 $1,425 5.40%