Bank-fund Staff Federal Credit Union Mortgage Rates, Fees & Info
WASHINGTON, DCLEI: HIDXEG9BLUJZKBGUT764
Tax ID: 53-0209950
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Mortgage Data
Review & Overview
Bank-fund Staff Federal Credit Union is a smaller bank specializing in Cash Out Refi and Home Purchase loans. Bank-fund Staff Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Washington, Baltimore, New York, Miami, and San Francisco among others. We have data for 59 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 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) | 6.56% | 4/21/24 |
| 30 Year Conventional Purchase | 6.07% | 4/21/24 |
| 30 Year Conventional Refi | 5.92% | 4/21/24 |
| 30 Year Cash-out Refi | 5.94% | 4/21/24 |
| 15 Year Conventional Purchase | 5.80% | 4/21/24 |
| 15 Year Conventional Refi | 5.25% | 4/21/24 |
| 15 Year Cash-out Refi | 5.25% | 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. | ||
Bank-fund Staff 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
1,491Origination Dollar Volume (All Markets)
$579,225,000Awards
Bank-Fund Staff Federal Credit Union - 2018
Bank-Fund Staff Federal Credit Union is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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) | 1,327 | $526,235,000 | $396,560 | $4,352 | 3.80% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 23 | $7,075,000 | $307,609 | $4,847 | 3.91% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 8 | $6,840,000 | $855,000 | $6,986 | 3.44% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 12 | $4,070,000 | $339,167 | $4,675 | 3.23% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 4 | $2,930,000 | $732,500 | $4,487 | 3.59% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 4 | $2,210,000 | $552,500 | $4,373 | 4.25% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 6 | $2,050,000 | $341,667 | $3,151 | 3.69% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 4 | $1,940,000 | $485,000 | $3,280 | 3.50% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 5 | $1,735,000 | $347,000 | $3,454 | 3.85% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 6 | $1,390,000 | $231,667 | $3,622 | 3.98% |
| Outside of Metro Areas | 7 | $1,255,000 | $179,286 | $3,224 | 3.50% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 5 | $1,185,000 | $237,000 | $3,882 | 3.80% |
| RICHMOND, VA (FHA|USDA|VA) | 5 | $1,155,000 | $231,000 | $4,176 | 3.87% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 2 | $1,140,000 | $570,000 | $3,869 | 3.25% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 3 | $1,035,000 | $345,000 | $6,508 | 3.50% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 5 | $1,035,000 | $207,000 | $3,800 | 3.48% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 5 | $1,025,000 | $205,000 | $4,488 | 3.85% |
| PITTSBURGH, PA (FHA|USDA|VA) | 4 | $1,010,000 | $252,500 | $4,244 | 4.09% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 2 | $970,000 | $485,000 | $4,806 | 4.12% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $860,000 | $430,000 | $9,016 | 4.13% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $3,240 | 3.62% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $830,000 | $415,000 | $4,188 | 3.25% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 5 | $635,000 | $127,000 | $4,851 | 3.55% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $3,232 | 4.37% |
| PITTSFIELD, MA (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $5,218 | 4.13% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $2,248 | 3.19% |
| RENO, NV (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $3,580 | 3.00% |
| COLUMBUS, OH (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $3,148 | 3.63% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $3,189 | 3.44% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $4,979 | 4.13% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $4,322 | 4.63% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $4,029 | 3.88% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $7,387 | 3.13% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $10,183 | 4.00% |
| Easton, MD (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $1,910 | 4.50% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,577 | 3.38% |
| MADISON, WI (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $3,114 | 2.63% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,459 | 3.63% |
| POCATELLO, ID (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $10,621 | 3.50% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $6,224 | 3.88% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,080 | 3.25% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $8,750 | 4.00% |
| BEND, OR (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,081 | 3.50% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $10,672 | 3.88% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,400 | 4.38% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,021 | 3.88% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,743 | 3.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $8,289 | 3.88% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,923 | 3.63% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,188 | 3.38% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $1,858 | 4.13% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,777 | 3.75% |
| BURLINGTON, NC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,029 | 3.63% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,182 | 3.25% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,128 | 3.13% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,797 | 3.38% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 2.74% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,314 | 3.63% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 2.74% |
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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 | 1,051 | $507,205,000 | $482,593 | $4,366 | 3.61% |
| HELOC | 440 | $72,020,000 | $163,682 | n/a | 4.21% |
For 2018, Bank-fund Staff Federal Credit Union's most frequently originated type of loan was Conventional, with 1,051 originations. Their 2nd most popular type was HELOC, with 440 originations.
Loan Reason
For 2018, Bank-fund Staff Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 608 originations. The 2nd most popular reason was Home Purchase, with 601 originations.
Loan Duration/Length
For 2018, Bank-fund Staff Federal Credit Union's most frequently cited loan duration was 30 Year, with 714 originations. The 2nd most popular length was 15 Year, with 660 originations.
Origination Fees/Closing Costs
Bank-fund Staff Federal Credit Union's average total fees were $4,444, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 870 originations.
Interest Rates
During 2018, Bank-fund Staff Federal Credit Union's average interest rate for loans was 3.59%, while their most frequently originated rate bucket for loans was 3-4%, with 892 originations.
Loan Sizing
2018 saw Bank-fund Staff Federal Credit Union place emphasis on $200k-400k loans with 420 originations, totaling $122,380,000 in origination value.
Applicant Income
Bank-fund Staff Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 540 originations. The second most popular income band? $250k+, with 456 originations.
Applicant Debt to Income Ratio
Bank-fund Staff Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 406 originations. The next most common DTI ratio? 30-36%, with 242 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.14%
Bank-fund Staff Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination81.09%
Bank-fund Staff Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,491 | $579,225,000 | $388,481 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 1,491 | $579,225,000 | $388,481 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| BANK OF HAWAII CORPORATION | Other type of mortgage | Trouble during payment process | 1 | 100.0% |