Bank-fund Staff Federal Credit Union Mortgage Rates, Fees & Info
WASHINGTON, DCLEI: HIDXEG9BLUJZKBGUT764
Tax ID: 53-0209950
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Bank-fund Staff Federal Credit Union is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Bank-fund Staff Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Washington, New York, Baltimore, Los Angeles, and San Francisco among others. We have data for 83 markets. (Some data included below & more in-depth data is available with an active subscription.)Bank-fund Staff 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. Bank-fund Staff 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 relatively high 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.56% | 12/16/24 |
| 30 Year Conventional Purchase | 6.07% | 12/16/24 |
| 30 Year Conventional Refi | 5.92% | 12/16/24 |
| 30 Year Cash-out Refi | 5.94% | 12/16/24 |
| 15 Year Conventional Purchase | 5.80% | 12/16/24 |
| 15 Year Conventional Refi | 5.25% | 12/16/24 |
| 15 Year Cash-out Refi | 5.25% | 12/16/24 |
| 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. | ||
Bank-fund Staff 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 Bank-fund Staff 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
886Origination Dollar Volume (All Markets)
$352,290,000Awards
Bank-Fund Staff Federal Credit Union - 2023
Bank-Fund Staff Federal Credit Union is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Bank-fund Staff Federal Credit Union's average 30 year fixed mortgage rate was
6.51%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.03%.
Relative Fees (Closing Costs)
Bank-fund Staff Federal Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,251.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
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) | 704 | $276,370,000 | $392,571 | $5,007 | 6.48% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 16 | $10,280,000 | $642,500 | $6,430 | 6.27% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 15 | $5,865,000 | $391,000 | $4,640 | 6.57% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 4 | $4,980,000 | $1,245,000 | $8,967 | 6.25% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 5 | $3,975,000 | $795,000 | $5,981 | 6.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 7 | $3,265,000 | $466,429 | $4,675 | 6.54% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 8 | $3,240,000 | $405,000 | $5,565 | 6.17% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 5 | $2,565,000 | $513,000 | $5,957 | 5.90% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 4 | $2,500,000 | $625,000 | $6,988 | 5.41% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 4 | $1,960,000 | $490,000 | $5,395 | 5.41% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 3 | $1,755,000 | $585,000 | $7,219 | 5.42% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 4 | $1,670,000 | $417,500 | $5,230 | 6.59% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 3 | $1,505,000 | $501,667 | $7,886 | 5.63% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 3 | $1,485,000 | $495,000 | $7,747 | 5.79% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 4 | $1,410,000 | $352,500 | $4,498 | 6.22% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $1,360,000 | $680,000 | $9,631 | 5.44% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 3 | $1,355,000 | $451,667 | $4,330 | 7.29% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 5 | $1,315,000 | $263,000 | $4,062 | 6.50% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 2 | $1,260,000 | $630,000 | $4,361 | 7.63% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $1,250,000 | $625,000 | $4,284 | 5.63% |
| RICHMOND, VA (FHA|USDA|VA) | 2 | $1,070,000 | $535,000 | $3,178 | 5.31% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $850,000 | $425,000 | $4,376 | 6.56% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $4,750 | 5.19% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $3,509 | 5.81% |
| TUCSON, AZ (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $4,419 | 6.46% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $6,197 | 7.94% |
| Outside of Metro Areas | 4 | $750,000 | $187,500 | $4,221 | 6.41% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $5,505 | 6.38% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $5,402 | 5.88% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $3,874 | 6.50% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $11,393 | 5.25% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $2,526 | 5.13% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $7,294 | 4.88% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $3,271 | 7.13% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $3,423 | 5.63% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $3,658 | 5.25% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $729 | 7.75% |
| Lebanon, NH-VT (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $4,213 | 5.13% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $7,470 | 6.00% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $4,714 | 6.50% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $3,954 | 5.25% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $2,495 | 5.13% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $4,800 | 6.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $3,349 | 6.88% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $8,214 | 5.38% |
| Centralia, WA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $3,020 | 6.50% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $2,276 | 5.13% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $4,350 | 5.13% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $4,483 | 2.75% |
| ANCHORAGE, AK (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $4,118 | 5.38% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $2,843 | 7.56% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $6,657 | 5.75% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,635 | 5.63% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,077 | 5.00% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $3,166 | 6.88% |
| CHEYENNE, WY (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,085 | 7.25% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,812 | 4.88% |
| ROANOKE, VA (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $2,417 | 5.75% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,170 | 6.63% |
| Easton, MD (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 8.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,858 | 5.25% |
| ROCHESTER, MN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 7.50% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,977 | 6.00% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 7.25% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,667 | 5.38% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,208 | 2.75% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,407 | 6.50% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,931 | 6.13% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $8,143 | 5.63% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,277 | 5.63% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 7.50% |
| PITTSFIELD, MA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 7.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 7.25% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 7.00% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 8.00% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 7.75% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,669 | 5.25% |
| MORGANTOWN, WV (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 4.99% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $403 | 7.50% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 7.75% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 8.00% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 8.25% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 7.75% |
Similar Lenders
We use machine learning to identify the top lenders compared against Bank-Fund Staff 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 | 529 | $285,985,000 | $540,614 | $5,036 | 5.94% |
| HELOC | 357 | $66,305,000 | $185,728 | n/a | 7.14% |
For 2023, Bank-fund Staff Federal Credit Union's most frequently originated type of loan was Conventional, with 529 originations. Their 2nd most popular type was HELOC, with 357 originations.
Loan Reason
For 2023, Bank-fund Staff Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 428 originations. The 2nd most popular reason was Cash Out Refi, with 377 originations.
Loan Duration/Length
For 2023, Bank-fund Staff Federal Credit Union's most frequently cited loan duration was 30 Year, with 694 originations. The 2nd most popular length was 15 Year, with 141 originations.
Origination Fees/Closing Costs
Bank-fund Staff Federal Credit Union's average total fees were $5,251, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 438 originations.
Interest Rates
During 2023, Bank-fund Staff Federal Credit Union's average interest rate for loans was 6.51%, while their most frequently originated rate bucket for loans was 5-6%, with 292 originations.
Loan Sizing
2023 saw Bank-fund Staff Federal Credit Union place emphasis on $200k-400k loans with 222 originations, totaling $65,050,000 in origination value.
Applicant Income
Bank-fund Staff Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 353 originations. The second most popular income band? $250k+, with 304 originations.
Applicant Debt to Income Ratio
Bank-fund Staff Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 145 originations. The next most common DTI ratio? 20-30%, with 137 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.98%
Bank-fund Staff Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination81.04%
Bank-fund Staff Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1015.96 | 1 | $505,000 | $505,000 |
| 1027.96 | 1 | $105,000 | $105,000 |
| 1050.46 | 1 | $155,000 | $155,000 |
| 1055.38 | 1 | $505,000 | $505,000 |
| 1065.38 | 1 | $305,000 | $305,000 |
| 1082.38 | 1 | $255,000 | $255,000 |
| 1092.38 | 1 | $405,000 | $405,000 |
| 1118.13 | 1 | $175,000 | $175,000 |
| 1150.96 | 1 | $105,000 | $105,000 |
| 1195.14 | 1 | $495,000 | $495,000 |
| 1240.91 | 1 | $105,000 | $105,000 |
| 1262.12 | 1 | $145,000 | $145,000 |
| 1362.33 | 1 | $65,000 | $65,000 |
| 1440.36 | 1 | $185,000 | $185,000 |
| 2563.38 | 1 | $555,000 | $555,000 |
| 2600.38 | 1 | $355,000 | $355,000 |
| 430.96 | 2 | $150,000 | $75,000 |
| 440.96 | 5 | $1,015,000 | $203,000 |
| 443.43 | 2 | $190,000 | $95,000 |
| 448.5 | 1 | $145,000 | $145,000 |
| 453.43 | 1 | $205,000 | $205,000 |
| 455.96 | 1 | $255,000 | $255,000 |
| 460.19 | 1 | $75,000 | $75,000 |
| 473.96 | 7 | $795,000 | $113,571 |
| 486.43 | 1 | $205,000 | $205,000 |
| 493.96 | 2 | $440,000 | $220,000 |
| 506.43 | 1 | $205,000 | $205,000 |
| 517.91 | 1 | $85,000 | $85,000 |
| 525.96 | 1 | $105,000 | $105,000 |
| 527.91 | 1 | $255,000 | $255,000 |
| 530.38 | 1 | $115,000 | $115,000 |
| 532.91 | 1 | $55,000 | $55,000 |
| 535.38 | 1 | $165,000 | $165,000 |
| 540.38 | 1 | $205,000 | $205,000 |
| 562.9 | 1 | $85,000 | $85,000 |
| 568.43 | 1 | $205,000 | $205,000 |
| 575.86 | 1 | $105,000 | $105,000 |
| 582.91 | 1 | $185,000 | $185,000 |
| 593.37 | 1 | $155,000 | $155,000 |
| 598.5 | 1 | $65,000 | $65,000 |
| 617.33 | 1 | $55,000 | $55,000 |
| 627.86 | 1 | $65,000 | $65,000 |
| 683.43 | 1 | $105,000 | $105,000 |
| 898.43 | 1 | $405,000 | $405,000 |
| 952.96 | 1 | $405,000 | $405,000 |
| 977.96 | 1 | $405,000 | $405,000 |
| 98.5 | 1 | $105,000 | $105,000 |
| NA | 826 | $340,860,000 | $412,663 |