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USAA Federal Savings Bank
Bank|San Antonio, TX|National
Loans Originated
12,100
Applications
24,361
Volume
$4 billion
Offers loans directly to consumers
Overall Pricing
Sound
Overall Pull Through
Sound
Safe Rate Awards⭐VA Superstar⭐Purchase Superstar
Pricing and Pullthrough Overview
Average Rate Spread
-0.129%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$1,831
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
49.7%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- High volume lender with significant market experience
- Particularly strong in Conventional and VA loans
- Nationwide availability with consistent service
Report Card
USAA Federal Savings Bank performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Sound | Industry Standard | |
Pull Through Closing Strength | Sound | Industry Standard | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
VA | Exceptional | Market Leader | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Exceptional | Market Leader | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Strong | National · 50 metro areas · 51 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$350,726
Average Borrower Income
$147,818
Average Property Value
$428,576
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Strong | Sound | Acceptable | 4,154 | 34.3% | +0.136% | $2,315 |
VA Loans | Strong | Exceptional | Strong | Sound | 7,946 | 65.7% | -0.291% | $1,536 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Strong | Exceptional | Sound | Sound | 11,051 | 91.3% | -0.132% | $1,819 |
Refinance | Sound | Strong | Strong | Acceptable | 1,049 | 8.7% | -0.095% | $1,949 |
Geographic Coverage
Metro Areas
49
States Served
51
Why 51? We count DC as a state
Avg Place Specialization
Strong
States with Loan Originations
AKALARAZCACOCTDCDEFLGAHIIAIDILINKSKYLAMAMDMEMIMNMOMSMTNCNDNENHNJNMNVNYOHOKORPARISCSDTNTXUTVAVTWAWIWVWY
Top Metro Areas by Place Specialization Score
1
Fayetteville, NC, NCMSA
Volume: 99Mix: 0.82%
Place Specialization
Strong
2
Augusta, GA-SCMSA
Volume: 74Mix: 0.61%
Place Specialization
Strong
3
Oklahoma City, OK, OKMSA
Volume: 120Mix: 0.99%
Place Specialization
Strong
4
St. Louis, MO, MO-ILMSA
Volume: 151Mix: 1.25%
Place Specialization
Strong
5
Virginia Beach, VA-NCMSA
Volume: 138Mix: 1.14%
Place Specialization
Strong
6
Huntsville, AL, ALMSA
Volume: 81Mix: 0.67%
Place Specialization
Strong
7
Little Rock, ARMSA
Volume: 76Mix: 0.63%
Place Specialization
Strong
8
Albuquerque, NM, NMMSA
Volume: 100Mix: 0.83%
Place Specialization
Strong
9
Atlanta, GAMSA
Volume: 187Mix: 1.55%
Place Specialization
Strong
10
Pensacola, FLMSA
Volume: 70Mix: 0.58%
Place Specialization
Strong
Showing 10 of 49 metro areas
Top States by Place Specialization Score
1
ALState
Volume: 380Mix: 3.14%
Place Specialization
Strong
2
TXState
Volume: 1,164Mix: 9.62%
Place Specialization
Strong
3
VAState
Volume: 483Mix: 3.99%
Place Specialization
Strong
4
GAState
Volume: 592Mix: 4.89%
Place Specialization
Strong
5
NCState
Volume: 739Mix: 6.11%
Place Specialization
Strong
6
KSState
Volume: 218Mix: 1.80%
Place Specialization
Strong
7
SCState
Volume: 328Mix: 2.71%
Place Specialization
Strong
8
NMState
Volume: 213Mix: 1.76%
Place Specialization
Strong
9
TNState
Volume: 381Mix: 3.15%
Place Specialization
Strong
10
FLState
Volume: 821Mix: 6.79%
Place Specialization
Strong
Showing 10 of 51 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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