# Levo Federal Credit Union

> **Canonical URL:** https://saferate.com/lenders/levo-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

Levo Federal Credit Union is a credit union, headquartered in Sioux Falls, SD, serving borrowers across 3 states, with 203 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 18% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 19% for loan approval success

## Overview

- **Institution Type:** Credit Union
- **LEI (Legal Entity Identifier):** 549300REHZOIYMHDPI61
- **Headquarters:** Sioux Falls, SD
- **Geographic Reach:** Regional
- **States Served:** 3
- **State List:** IA, MN, SD
- **Markets (MSAs):** 2
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Exceptional 🤩
- Score: 82/100
- Rating: ●●●●● (5/5)

### Pull Through: Exceptional 🤩
- Score: 81/100
- Rating: ●●●●● (5/5)

### Pricing Details
- **Average Rate Spread:** -0.111%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,875
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 203
- **Dollar Volume:** $51 million
- **Applications Received:** 232
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $251,601
- **Average Borrower Income:** $116,685

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (70%)
- ⭐ **FHA Gold Superstar** (78%)
- ⭐ **Purchase Gold Superstar** (71%)
- ⭐ **Refinance Gold Superstar** (77%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 59/100 | 165 | -0.066% | $2,102 | Sound ☺️ |
| FHA | 61/100 | 28 | -0.317% | $854 | Strong 😀 |
| VA | 57/100 | 10 | - | - | Sound ☺️ |

### Product Performance by Purpose

**Conventional:**
- Purchase: 93 loans, Score: 51/100 (Sound)
- Refinance: 72 loans, Score: 68/100 (Strong)

**FHA:**
- Purchase: 28 loans, Score: 60/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 54/100 | 130 | $38M | -0.177% | Sound ☺️ |
| Refinance | 67/100 | 73 | $13M | +0.201% | Strong 😀 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| SD | 200 | 2.25% | 84/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Sioux Falls, SD | SD-MN | 181 | 86/100 |
| Non |  | 21 | 33/100 |

## Frequently Asked Questions

### What loan types does Levo Federal Credit Union offer?

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

### Where does Levo Federal Credit Union offer mortgages?

Levo Federal Credit Union offers mortgages in 3 states: IA, MN, SD.

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

Levo Federal Credit Union has a pricing score of 82/100 (Exceptional), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.111% below market average.

### What type of lender is Levo Federal Credit Union?

Levo Federal Credit Union is a member-owned financial cooperative that typically offers competitive rates to its members, headquartered in Sioux Falls, SD.

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

Levo Federal Credit Union has a pull-through score of 81/100 (Exceptional). 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:** 2026-05-29
**Canonical URL:** https://saferate.com/lenders/levo-federal-credit-union

### How to Cite

> "Levo Federal Credit Union Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/levo-federal-credit-union

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