# DESCO

> **Canonical URL:** https://saferate.com/lenders/des


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


DESCO is a credit union, headquartered in Portsmouth, OH, serving borrowers across 6 states, with 166 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 31% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 56% for loan approval success

## Overview

- **Institution Type:** Credit Union
- **LEI (Legal Entity Identifier):** 5493002G1DPDOKT55X37
- **Headquarters:** Portsmouth, OH
- **Geographic Reach:** Multi-Region
- **States Served:** 6
- **State List:** FL, KY, MI, NC, OH, WV
- **Markets (MSAs):** 2
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Strong 😀
- Score: 69/100
- Rating: ●●●●○ (4/5)

### Pull Through: Sound ☺️
- Score: 44/100
- Rating: ●●●○○ (3/5)

### Pricing Details
- **Average Rate Spread:** +0.173%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $517
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 166
- **Dollar Volume:** $29 million
- **Applications Received:** 251
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $177,470
- **Average Borrower Income:** $137,482
- **Average Property Value:** $250,602

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (64%)
- ⭐ **Refinance Gold Superstar** (70%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 56/100 | 156 | +0.166% | $499 | Sound ☺️ |

### Product Performance by Purpose

**Conventional:**
- Purchase: 91 loans, Score: 49/100 (Sound)
- Refinance: 65 loans, Score: 65/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 48/100 | 101 | $22M | +0.115% | Sound ☺️ |
| Refinance | 63/100 | 65 | $7M | +0.266% | Strong 😀 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| OH | 102 | 0.08% | 67/100 |
| KY | 58 | 0.12% | 65/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Huntington |  | 77 | 81/100 |
| Non |  | 75 | 55/100 |

## Where This Lender Ranks

DESCO appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in Huntington for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/huntington/best-mortgage-lenders/credit-unions/conventional-loans)
- 🏆 **#7** in Huntington
  - [View Full Rankings](https://saferate.com/huntington/best-mortgage-lenders)
- 🏆 **#8** in Huntington for Conventional Loans
  - [View Full Rankings](https://saferate.com/huntington/best-mortgage-lenders/conventional-loans)

## Frequently Asked Questions

### What loan types does DESCO offer?

DESCO offers the following mortgage loan types: Conventional. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does DESCO offer mortgages?

DESCO offers mortgages in 6 states: FL, KY, MI, NC, OH, WV.

### How competitive are DESCO's mortgage rates?

DESCO has a pricing score of 69/100 (Strong), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.173% above market average.

### What type of lender is DESCO?

DESCO is a member-owned financial cooperative that typically offers competitive rates to its members, headquartered in Portsmouth, OH.

### What is DESCO's loan approval success rate?

DESCO has a pull-through score of 44/100 (Sound). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/des

### How to Cite

> "DESCO Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/des

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**[View Interactive Profile →](https://saferate.com/lenders/des)**