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Bethpage Federal Credit Union

Credit Union|Bethpage, NY|Near-National
Loans Originated
1,234
Applications
2,039
Volume
$726 million
Offers loans directly to consumersSources loans from independent brokers
Overall Pricing
Strong
Overall Pull Through
Sound
Safe Rate AwardsConventional SuperstarJumbo SuperstarPurchase SuperstarRefinance Superstar

Pricing and Pullthrough Overview

Average Rate Spread
-0.211%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$1,408
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
60.5%
Percentage of applications that result in closed loans

Safe Rate's Summary

What They Do Well

  • Offers rates 21.10 basis points below market average
  • Lower than average lender fees
  • Particularly strong in Conventional and Jumbo loans
  • Nationwide availability with consistent service

Report Card

Bethpage Federal Credit Union performance at a glance

CategoryRatingGradeDetails
Pricing
Rate competitiveness
StrongHighly Competitive
Pull Through
Closing Strength
SoundIndustry Standard
Products
Loan Type Specialists
Specialization score by loan product
Conventional
StrongHighly Competitive
FHA
SoundIndustry Standard
Jumbo
ExceptionalMarket Leader
Purpose
Reason specialization
Specialization score by loan purpose
Purchase
StrongHighly Competitive
Refinance
StrongHighly Competitive
Places
Geographic coverage
SoundNear-National · 16 metro areas · 38 states
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)

Typical Borrower Profile

Average Loan Amount
$588,914
Average Borrower Income
$310,633
Average Property Value
$972,731

Performance by Loan Product

Loan TypeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Conventional
Strong
Strong
Strong
Sound
1,01882.5%-0.238%$1,470
FHA Loans
Sound
Sound
Strong
Sound
302.4%+0.716%$82
Jumbo Loans
Strong
Exceptional
Sound
Sound
18515.0%-0.235%$1,271

Performance by Loan Purpose

PurposeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Purchase
Strong
Strong
Strong
Sound
97078.6%-0.202%$1,384
Refinance
Strong
Strong
Strong
Sound
26421.4%-0.247%$1,508

Geographic Coverage

Metro Areas
15
States Served
38
We count Washington DC as a state
Avg Place Specialization
Sound

States with Loan Originations

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Top Metro Areas by Place Specialization Score

1
Nassau County, NYMSA
Volume: 486Mix: 39.38%
Place Specialization
Exceptional
2
New York, NY-NJMSA
Volume: 197Mix: 15.96%
Place Specialization
Strong
3
Bridgeport, CTMSA
Volume: 25Mix: 2.03%
Place Specialization
Sound
4
Chicago, ILMSA
Volume: 45Mix: 3.65%
Place Specialization
Sound
5
Lakewood, NJMSA
Volume: 30Mix: 2.43%
Place Specialization
Sound
6
Hilton Head Island, SCMSA
Volume: 19Mix: 1.54%
Place Specialization
Sound
7
Naples, FLMSA
Volume: 11Mix: 0.89%
Place Specialization
Sound
8
West Palm Beach, FLMSA
Volume: 14Mix: 1.13%
Place Specialization
Sound
9
Cambridge, MAMSA
Volume: 14Mix: 1.13%
Place Specialization
Sound
10
Barnstable Town, MA, MAMSA
Volume: 12Mix: 0.97%
Place Specialization
Sound
Showing 10 of 15 metro areas

Top States by Place Specialization Score

1
NYState
Volume: 699Mix: 56.65%
Place Specialization
Exceptional
2
NJState
Volume: 71Mix: 5.75%
Place Specialization
Sound
3
FLState
Volume: 88Mix: 7.13%
Place Specialization
Sound
4
ILState
Volume: 53Mix: 4.29%
Place Specialization
Sound
5
CTState
Volume: 38Mix: 3.08%
Place Specialization
Sound
6
MAState
Volume: 42Mix: 3.40%
Place Specialization
Sound
7
CAState
Volume: 53Mix: 4.29%
Place Specialization
Sound
8
SCState
Volume: 27Mix: 2.19%
Place Specialization
Sound
9
MEState
Volume: 16Mix: 1.30%
Place Specialization
Sound
10
NCState
Volume: 21Mix: 1.70%
Place Specialization
Sound
Showing 10 of 13 states

How We Rank Lenders

Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.

Our Point System (Max 30 Points)

10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
Superstar(60-79% = 18-23 points)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

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