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 small bank specializing in Refi, 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, San Francisco, and Miami among others. We have data for 92 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 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.
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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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,236Origination Dollar Volume (All Markets)
$1,010,380,000Awards
Bank-Fund Staff Federal Credit Union - 2020
Bank-Fund Staff Federal Credit Union is a 2020 , due to their low .
For 2020, 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) | 1,954 | $896,050,000 | $458,572 | $4,831 | 3.06% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 42 | $14,950,000 | $355,952 | $4,793 | 2.93% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 20 | $11,560,000 | $578,000 | $6,436 | 2.84% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 5 | $6,035,000 | $1,207,000 | $8,041 | 2.78% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 14 | $5,930,000 | $423,571 | $5,262 | 2.73% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 8 | $4,560,000 | $570,000 | $3,620 | 2.89% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 2 | $3,650,000 | $1,825,000 | $19,430 | 2.38% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 8 | $3,130,000 | $391,250 | $7,293 | 3.00% |
| Outside of Metro Areas | 12 | $2,880,000 | $240,000 | $6,088 | 2.47% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 9 | $2,825,000 | $313,889 | $5,015 | 2.83% |
| Easton, MD (FHA|USDA|VA) | 5 | $2,755,000 | $551,000 | $3,819 | 2.80% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 3 | $2,585,000 | $861,667 | $8,558 | 2.75% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 4 | $2,580,000 | $645,000 | $8,561 | 3.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 5 | $2,385,000 | $477,000 | $5,697 | 3.02% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 11 | $2,365,000 | $215,000 | $3,300 | 3.01% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 4 | $1,970,000 | $492,500 | $4,694 | 3.13% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 3 | $1,945,000 | $648,333 | $8,792 | 2.58% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 5 | $1,575,000 | $315,000 | $6,729 | 2.83% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 3 | $1,425,000 | $475,000 | $7,154 | 3.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 3 | $1,425,000 | $475,000 | $3,408 | 3.04% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 3 | $1,375,000 | $458,333 | $4,474 | 3.04% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 3 | $1,335,000 | $445,000 | $4,355 | 2.79% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 3 | $1,305,000 | $435,000 | $2,879 | 3.08% |
| Breckenridge, CO (FHA|USDA|VA) | 2 | $1,240,000 | $620,000 | $3,036 | 2.75% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $1,165,000 | $388,333 | $7,741 | 3.08% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 3 | $1,135,000 | $378,333 | $4,461 | 2.88% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 5 | $1,075,000 | $215,000 | $3,733 | 2.70% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 3 | $1,045,000 | $348,333 | $4,312 | 2.83% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 2 | $960,000 | $480,000 | $3,502 | 2.56% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 2 | $920,000 | $460,000 | $4,747 | 2.50% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $860,000 | $430,000 | $2,762 | 3.38% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $3,466 | 3.13% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $7,385 | 2.94% |
| BOULDER, CO (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $3,551 | 2.75% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $3,543 | 2.63% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 4 | $730,000 | $182,500 | $3,872 | 2.75% |
| ROANOKE, VA (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $2,973 | 2.63% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $715,000 | $715,000 | $13,185 | 3.00% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $8,448 | 2.25% |
| RICHMOND, VA (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $3,073 | 3.04% |
| Cambridge, MD (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $5,104 | 2.50% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $5,610 | 3.38% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $2,704 | 2.63% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $5,125 | 2.88% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $4,927 | 2.31% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $4,258 | 2.92% |
| AKRON, OH (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $3,350 | 2.69% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $3,520 | 2.69% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 4 | $590,000 | $147,500 | $4,583 | 2.81% |
| PITTSFIELD, MA (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $3,031 | 2.88% |
| MISSOULA, MT (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $4,546 | 2.50% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $3,481 | 2.88% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $4,283 | 3.13% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $3,172 | 3.13% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $3,828 | 2.50% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $2,514 | 3.25% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $3,541 | 2.63% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $2,622 | 2.38% |
| Juneau, AK (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $3,972 | 3.13% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $2,528 | 2.69% |
| TUCSON, AZ (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $3,219 | 2.94% |
| Taos, NM (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,813 | 3.25% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $8,116 | 2.63% |
| BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,188 | 3.00% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,134 | 2.25% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,540 | 2.63% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,288 | 2.75% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,643 | 2.50% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,214 | 3.00% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $8,142 | 2.25% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,841 | 2.25% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,350 | 3.00% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,788 | 2.88% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,811 | 2.75% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,520 | 2.63% |
| LONGVIEW, WA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $12,762 | 2.13% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $6,551 | 2.38% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,397 | 3.13% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,677 | 2.63% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,124 | 3.13% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,289 | 3.50% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,054 | 2.63% |
| PROVO-OREM, UT (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,866 | 3.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,191 | 3.13% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,437 | 2.50% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,500 | 2.63% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,453 | 3.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,429 | 2.50% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,029 | 2.38% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,717 | 2.75% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,620 | 2.13% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $4,174 | 2.13% |
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 1,964 | $971,820,000 | $494,817 | $4,862 | 2.87% |
| HELOC | 272 | $38,560,000 | $141,765 | n/a | 4.18% |
For 2020, Bank-fund Staff Federal Credit Union's most frequently originated type of loan was Conventional, with 1,964 originations. Their 2nd most popular type was HELOC, with 272 originations.
Loan Reason
For 2020, Bank-fund Staff Federal Credit Union's most frequently cited loan purpose was Refi, with 886 originations. The 2nd most popular reason was Cash Out Refi, with 842 originations.
Loan Duration/Length
For 2020, Bank-fund Staff Federal Credit Union's most frequently cited loan duration was 30 Year, with 1,081 originations. The 2nd most popular length was 15 Year, with 939 originations.
Origination Fees/Closing Costs
Bank-fund Staff Federal Credit Union's average total fees were $5,310, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,504 originations.
Interest Rates
During 2020, Bank-fund Staff Federal Credit Union's average interest rate for loans was 2.97%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,017 originations.
Loan Sizing
2020 saw Bank-fund Staff Federal Credit Union place emphasis on $200k-400k loans with 647 originations, totaling $193,005,000 in origination value.
Applicant Income
Bank-fund Staff Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 826 originations. The second most popular income band? $250k+, with 777 originations.
Applicant Debt to Income Ratio
Bank-fund Staff Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 687 originations. The next most common DTI ratio? <20%, with 400 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.02%
Bank-fund Staff Federal Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination72.27%
Bank-fund Staff Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,236 | $1,010,380,000 | $451,869 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 2,236 | $1,010,380,000 | $451,869 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| BANK OF HAWAII CORPORATION | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 1 | 33.3% |
| BANK OF HAWAII CORPORATION | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 33.3% |
| BANK OF HAWAII CORPORATION | Conventional home mortgage | Trouble during payment process | 1 | 33.3% |