# State Department Federal Credit Union

> **Canonical URL:** https://saferate.com/lenders/state-department-federal-credit-union


> **📋 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


State Department Federal Credit Union is a credit union, headquartered in Alexandria, VA, serving borrowers across 31 states, with 121 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 47% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 64% for loan approval success

## Overview

- **Institution Type:** Credit Union
- **LEI (Legal Entity Identifier):** 254900EZRN0CBEP77K34
- **Headquarters:** Alexandria, VA
- **Geographic Reach:** Near-National
- **States Served:** 31
- **State List:** AK, AR, AZ, CA, CO, CT, DC, FL, GA, IA, IN, KS, KY, MA, MD, ME, MI, MO, NC, NH, NM, NY, OH, OR, PA, RI, SC, TX, VA, VT, WV
- **Markets (MSAs):** 2
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Sound ☺️
- Score: 53/100
- Rating: ●●●○○ (3/5)

### Pull Through: Acceptable 🙂
- Score: 36/100
- Rating: ●●○○○ (2/5)

### Pricing Details
- **Average Rate Spread:** -0.570%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $4,319
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 121
- **Dollar Volume:** $52 million
- **Applications Received:** 171
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $428,223
- **Average Borrower Income:** $198,727
- **Average Property Value:** $639,132

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 32/100 | 118 | -0.559% | $4,362 | Acceptable 🙂 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 105 loans, Score: 34/100 (Acceptable)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 33/100 | 108 | $46M | -0.565% | Acceptable 🙂 |
| Refinance | 22/100 | 13 | $5M | -0.622% | Acceptable 🙂 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| VA | 39 | 0.04% | 59/100 |
| MD | 13 | 0.02% | 45/100 |
| FL | 10 | 0.00% | 38/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Arlington | VA-WV | 36 | 61/100 |
| Washington, DC | DC-MD | 13 | 51/100 |

## Frequently Asked Questions

### What loan types does State Department Federal Credit Union offer?

State Department Federal Credit Union offers the following mortgage loan types: Conventional. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does State Department Federal Credit Union offer mortgages?

State Department Federal Credit Union offers mortgages in 31 states: AK, AR, AZ, CA, CO, CT, DC, FL, GA, IA, IN, KS, KY, MA, MD, ME, MI, MO, NC, NH, NM, NY, OH, OR, PA, RI, SC, TX, VA, VT, WV.

### How competitive are State Department Federal Credit Union's mortgage rates?

State Department Federal Credit Union has a pricing score of 53/100 (Sound), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.570% below market average.

### What type of lender is State Department Federal Credit Union?

State Department Federal Credit Union is a member-owned financial cooperative that typically offers competitive rates to its members, headquartered in Alexandria, VA.

### What is State Department Federal Credit Union's loan approval success rate?

State Department Federal Credit Union has a pull-through score of 36/100 (Acceptable). 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/state-department-federal-credit-union

### How to Cite

> "State Department Federal Credit Union Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/state-department-federal-credit-union

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