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, Miami, and Los Angeles among others. We have data for 113 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.56% | 4/28/24 |
| 30 Year Conventional Purchase | 6.07% | 4/28/24 |
| 30 Year Conventional Refi | 5.92% | 4/28/24 |
| 30 Year Cash-out Refi | 5.94% | 4/28/24 |
| 15 Year Conventional Purchase | 5.80% | 4/28/24 |
| 15 Year Conventional Refi | 5.25% | 4/28/24 |
| 15 Year Cash-out Refi | 5.25% | 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. | ||
Bank-fund Staff Federal Credit Union Mortgage Calculator
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This is not an official calculator from Bank-fund Staff Federal Credit Union. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,562Origination Dollar Volume (All Markets)
$1,180,820,000Awards
Bank-Fund Staff Federal Credit Union - 2021
Bank-Fund Staff Federal Credit Union is a 2021 , due to their low .
For 2021, 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) | 2,162 | $1,024,170,000 | $473,714 | $5,057 | 2.74% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 61 | $23,685,000 | $388,279 | $4,890 | 2.75% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 26 | $14,210,000 | $546,538 | $5,288 | 2.50% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 22 | $9,520,000 | $432,727 | $6,111 | 2.55% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 11 | $6,535,000 | $594,091 | $5,688 | 2.50% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 20 | $6,370,000 | $318,500 | $4,492 | 2.62% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 10 | $5,920,000 | $592,000 | $5,732 | 2.63% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 12 | $5,110,000 | $425,833 | $8,922 | 2.55% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 6 | $4,830,000 | $805,000 | $6,209 | 2.73% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 7 | $4,005,000 | $572,143 | $3,246 | 2.71% |
| Outside of Metro Areas | 10 | $3,650,000 | $365,000 | $9,120 | 2.27% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 7 | $3,345,000 | $477,857 | $9,734 | 2.43% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 4 | $2,710,000 | $677,500 | $9,454 | 2.53% |
| RICHMOND, VA (FHA|USDA|VA) | 9 | $2,685,000 | $298,333 | $3,640 | 2.68% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 5 | $2,445,000 | $489,000 | $3,797 | 2.53% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 2 | $2,400,000 | $1,200,000 | $11,152 | 2.31% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 4 | $2,340,000 | $585,000 | $5,697 | 2.56% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 7 | $2,285,000 | $326,429 | $3,303 | 2.55% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 8 | $2,140,000 | $267,500 | $5,090 | 2.41% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 3 | $2,005,000 | $668,333 | $5,896 | 2.17% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 8 | $1,880,000 | $235,000 | $3,154 | 2.64% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 6 | $1,710,000 | $285,000 | $4,570 | 2.81% |
| SANTA FE, NM (FHA|USDA|VA) | 2 | $1,460,000 | $730,000 | $4,910 | 2.31% |
| RENO, NV (FHA|USDA|VA) | 1 | $1,455,000 | $1,455,000 | $30,034 | 2.50% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 5 | $1,325,000 | $265,000 | $4,588 | 2.48% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 5 | $1,315,000 | $263,000 | $3,573 | 2.35% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 3 | $1,315,000 | $438,333 | $2,927 | 2.38% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 4 | $1,260,000 | $315,000 | $7,731 | 2.03% |
| Easton, MD (FHA|USDA|VA) | 2 | $1,160,000 | $580,000 | $3,395 | 3.00% |
| Breckenridge, CO (FHA|USDA|VA) | 2 | $1,130,000 | $565,000 | $10,887 | 1.94% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 3 | $1,105,000 | $368,333 | $5,293 | 3.00% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 2 | $1,100,000 | $550,000 | $17,805 | 2.38% |
| BOULDER, CO (FHA|USDA|VA) | 2 | $1,100,000 | $550,000 | $7,819 | 2.69% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 7 | $1,075,000 | $153,571 | $6,227 | 2.27% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $1,065,000 | $1,065,000 | $4,331 | 2.75% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $1,040,000 | $520,000 | $8,394 | 2.25% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $1,020,000 | $510,000 | $6,655 | 2.50% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $1,005,000 | $335,000 | $4,156 | 2.79% |
| PITTSBURGH, PA (FHA|USDA|VA) | 4 | $980,000 | $245,000 | $4,541 | 2.31% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 4 | $960,000 | $240,000 | $3,508 | 2.75% |
| NAPA, CA (FHA|USDA|VA) | 1 | $795,000 | $795,000 | $3,128 | 2.50% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $8,505 | 1.88% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 4 | $780,000 | $195,000 | $3,037 | 2.75% |
| ANN ARBOR, MI (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $2,539 | 2.25% |
| Heber, UT (FHA|USDA|VA) | 1 | $745,000 | $745,000 | $3,938 | 2.50% |
| Key West, FL (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $4,234 | 3.13% |
| BEND, OR (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $5,832 | 1.88% |
| HARRISONBURG, VA (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $4,479 | 3.19% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $2,908 | 2.75% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $4,366 | 2.67% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $2,399 | 2.63% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $3,453 | 2.69% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $3,659 | 2.81% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $6,047 | 2.56% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $3,359 | 2.13% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $3,275 | 2.13% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $5,627 | 2.31% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $3,025 | 3.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $3,404 | 2.19% |
| PITTSFIELD, MA (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $6,694 | 2.00% |
| NILES, MI (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $3,803 | 1.75% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $2,445 | 2.50% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $3,587 | 2.44% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $3,572 | 3.13% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $3,392 | 2.50% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $2,255 | 2.88% |
| Palatka, FL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $10,280 | 2.63% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $3,135 | 2.19% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $2,249 | 2.69% |
| TULSA, OK (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,563 | 2.38% |
| Paris, TN (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $2,906 | 2.38% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $9,294 | 2.25% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,292 | 2.63% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,123 | 3.00% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,294 | 3.00% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $8,542 | 2.63% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,670 | 2.50% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $6,686 | 2.88% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $5,569 | 2.88% |
| Cambridge, MD (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $7,748 | 2.63% |
| Seneca, SC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,734 | 2.25% |
| CORVALLIS, OR (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,378 | 2.13% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,632 | 2.38% |
| Hilo, HI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,582 | 2.00% |
| Keene, NH (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,665 | 2.88% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,973 | 3.00% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $2,367 | 2.38% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,227 | 3.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,071 | 2.38% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,603 | 2.00% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,562 | 2.25% |
| Hudson, NY (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,701 | 1.88% |
| MORGANTOWN, WV (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,601 | 2.25% |
| ROCHESTER, NY (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,873 | 2.88% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,595 | 2.13% |
| Faribault-Northfield, MN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,043 | 1.88% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,699 | 2.50% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,574 | 2.25% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,165 | 2.38% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,263 | 2.38% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,607 | 2.13% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,384 | 2.00% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,604 | 2.13% |
| ITHACA, NY (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,798 | 3.00% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,421 | 2.75% |
| WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,049 | 2.88% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,501 | 2.50% |
| READING, PA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,957 | 2.50% |
| Stillwater, OK (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,923 | 2.38% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,751 | 2.63% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,757 | 2.00% |
| BILLINGS, MT (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,275 | 3.00% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,475 | 2.50% |
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 2,265 | $1,130,085,000 | $498,934 | $5,098 | 2.54% |
| HELOC | 297 | $50,735,000 | $170,825 | n/a | 4.00% |
For 2021, Bank-fund Staff Federal Credit Union's most frequently originated type of loan was Conventional, with 2,265 originations. Their 2nd most popular type was HELOC, with 297 originations.
Loan Reason
For 2021, Bank-fund Staff Federal Credit Union's most frequently cited loan purpose was Refi, with 948 originations. The 2nd most popular reason was Cash Out Refi, with 925 originations.
Loan Duration/Length
For 2021, Bank-fund Staff Federal Credit Union's most frequently cited loan duration was 15 Year, with 1,156 originations. The 2nd most popular length was 30 Year, with 1,096 originations.
Origination Fees/Closing Costs
Bank-fund Staff Federal Credit Union's average total fees were $5,762, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,726 originations.
Interest Rates
During 2021, Bank-fund Staff Federal Credit Union's average interest rate for loans was 2.74%, while their most frequently originated rate bucket for loans was <2.5%, with 1,297 originations.
Loan Sizing
2021 saw Bank-fund Staff Federal Credit Union place emphasis on $200k-400k loans with 822 originations, totaling $241,900,000 in origination value.
Applicant Income
Bank-fund Staff Federal Credit Union lent most frequently to those with incomes in the $250k+ range, with 944 originations. The second most popular income band? $150k-250k, with 924 originations.
Applicant Debt to Income Ratio
Bank-fund Staff Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 800 originations. The next most common DTI ratio? <20%, with 570 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.20%
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 origination81.38%
Bank-fund Staff Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,562 | $1,180,820,000 | $460,898 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2,562 | $1,180,820,000 | $460,898 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| BANK OF HAWAII CORPORATION | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing 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 | Closing on a mortgage | 1 | 33.3% |