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Service Federal Credit Union
Credit Union|Portsmouth, NH|Near-National
Loans Originated
329
Applications
677
Volume
$142 million
Offers loans directly to consumers
Overall Pricing
Exceptional
Overall Pull Through
Sound
Safe Rate Awards⭐Jumbo Superstar⭐Refinance Superstar
Pricing and Pullthrough Overview
Average Rate Spread
-0.420%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$498
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
48.6%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Offers rates 42.00 basis points below market average
- Lower than average lender fees
- Nationwide availability with consistent service
Report Card
Service Federal Credit Union performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Exceptional | Market Leader | |
Pull Through Closing Strength | Sound | Industry Standard | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Sound | Industry Standard | |
VA | Sound | Industry Standard | |
Jumbo | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Sound | Industry Standard | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Sound | Near-National · 5 metro areas · 39 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$433,541
Average Borrower Income
$198,395
Average Property Value
$611,413
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Sound | Exceptional | Acceptable | 247 | 75.1% | -0.379% | $561 |
VA Loans | Acceptable | Sound | Exceptional | Mediocre | 42 | 12.8% | -0.456% | -$28 |
Jumbo Loans | Strong | Strong | Exceptional | Strong | 38 | 11.6% | -0.727% | $680 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Sound | Exceptional | Acceptable | 234 | 71.1% | -0.416% | $363 |
Refinance | Strong | Strong | Exceptional | Sound | 95 | 28.9% | -0.430% | $870 |
Geographic Coverage
Metro Areas
4
States Served
39
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
ALARAZCACOCTFLGAIAIDILINKYLAMAMDMEMNMOMSNCNDNENHNJNYOHOKPARISCSDTNTXVAVTWAWIWV
Top Metro Areas by Place Specialization Score
1
Rockingham County, NHMSA
Volume: 79Mix: 24.01%
Place Specialization
Strong
2
Manchester, NHMSA
Volume: 22Mix: 6.69%
Place Specialization
Sound
3
Portland, MEMSA
Volume: 26Mix: 7.90%
Place Specialization
Sound
4
Cambridge, MAMSA
Volume: 19Mix: 5.78%
Place Specialization
Sound
Top States by Place Specialization Score
1
NHState
Volume: 165Mix: 50.15%
Place Specialization
Exceptional
2
MEState
Volume: 32Mix: 9.73%
Place Specialization
Sound
3
MAState
Volume: 30Mix: 9.12%
Place Specialization
Sound
4
VTState
Volume: 11Mix: 3.34%
Place Specialization
Sound
5
CAState
Volume: 10Mix: 3.04%
Place Specialization
Acceptable
6
FLState
Volume: 11Mix: 3.34%
Place Specialization
Acceptable
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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