Lender profile · HMDA 2025

USAA Federal Savings Bank: 2025 mortgage rates, costs & approvals

How USAA Federal Savings Bank priced and approved home loans in 2025, measured against every lender in the official HMDA records.

HMDA legal name: USAA Federal Savings Bank · LEI C5654JQHZUHN0772B561

In 2025, USAA Federal Savings Bank originated 10,865 home-purchase, refinance and cash-out loans on owner-occupied single-family homes in 51 states — 51st by volume among the 2,017 lenders profiled here.

On conventional 30-year fixed purchase loans its median rate was 6.625% (all lenders: 6.625%); its median rate spread was in line with the national median. Median conventional loan costs were $4,940, 11% lower than the national median ($5,570).

It denied 32.8% of completed home-purchase applications (all lenders: 8.5%).

Loans

10,865

of 16,940 applications

Denial rate

32.8%

Purchase · all 8.5%

30-yr fixed rate

6.625%

Conv. · all 6.625%

Loan costs

$4,940

Conv. · all $5,570

Loan amount

$325,000

Purchase · all $335,000

Borrower income

$128,000

Purchase · all $116,000

How USAA Federal Savings Bank priced home-purchase loans

Purchase loans, 2025	USAA Federal Savings Bank	All lenders
30-year fixed rate · conventional	6.625%	6.625%
30-year fixed rate · FHA	—	6.250%
30-year fixed rate · VA	6.250%	6.125%
15-year fixed rate · conventional	5.875%	5.875%
Rate spread vs. APOR · conventional	+0.12 pts	+0.13 pts
Total loan costs · conventional	$4,940	$5,570
Total loan costs · FHA	—	$11,310
Total loan costs · VA	$6,570	$6,490
Origination charges (all types)	$1,300	$1,860
Borrowers paying discount points	70.1%	51.3%
Points paid, when paid (% of loan)	0.52%	0.87%
Borrowers receiving lender credits	31.8%	33.1%

Medians shown with at least 20 loans. A lender's numbers reflect its borrowers (credit, down payment, loan size, location) as well as its pricing; HMDA has no credit scores. Rate spread = APR minus the average prime offer rate on the lock date, which removes most of the effect of when the rate was locked.

Loan mix and borrowers

By loan type

Conventional 30.1% 3,265

VA 69.9% 7,600

By purpose

Home purchase 85.0% 9,232

Refinance 5.8% 626

Cash-out refinance 9.3% 1,007

Home value

$375,000

Median, purchase loans

Down payment

All lenders 10%

Refi rate

6.125%

30-yr fixed, conventional

Refi denial rate

44.3%

Cash-out 45.2%

Why USAA Federal Savings Bank denied purchase applications

Credit application incomplete 51.1% 2,326

Debt-to-income ratio 24.0% 1,095

Insufficient cash (down payment/closing costs) 7.8% 356

Collateral (appraisal/property) 4.7% 216

Credit history 4.4% 200

Other 4.0% 182

Unverifiable information 4.0% 180

First reason the lender reported for each denied home-purchase application.

Where USAA Federal Savings Bank lends

State	Loans	Applications	Purchase denial rate	30-yr rate*	Loan costs*
Texas	1,039	1,736	37.1%	6.625%	$5,710
Florida	767	1,236	35.6%	6.625%	$5,860
North Carolina	636	961	30.9%	6.625%	$4,500
Georgia	529	802	30.8%	6.500%	$4,940
Virginia	457	723	34.0%	6.625%	$4,820
Tennessee	382	542	25.5%	6.500%	$4,800
Ohio	370	559	31.0%	6.625%	$4,620
Missouri	323	459	26.5%	6.625%	$3,790
Pennsylvania	321	492	30.3%	6.500%	$5,530
Illinois	305	460	30.5%	6.625%	$4,730
South Carolina	299	471	34.9%	6.625%	$4,570
Alabama	284	449	34.9%	6.625%	$3,810
Washington	282	420	30.8%	6.500%	$5,250
California	281	537	43.9%	6.625%	$7,010
Michigan	276	397	25.7%	6.500%	$4,070
Indiana	273	386	26.0%	6.750%	$3,340
Oklahoma	268	392	30.1%	6.625%	$4,760
Arizona	233	351	31.3%	6.625%	$5,820
New York	229	416	41.4%	6.625%	$4,950
Colorado	203	351	40.4%	6.625%	$4,090
Kentucky	192	279	25.6%	6.750%	$4,410
Kansas	191	271	26.2%	6.750%	$4,020
Maryland	189	343	40.4%	6.625%	$5,070
Arkansas	187	281	33.5%	6.750%	$3,370
Minnesota	184	271	28.5%	6.625%	$4,240
Wisconsin	179	254	26.0%	6.625%	$4,260
New Mexico	176	243	25.0%	6.625%	$4,750
Louisiana	156	270	39.2%	6.625%	$5,100
Oregon	141	215	31.9%	6.625%	$6,300
Mississippi	126	203	36.8%	—	—
Massachusetts	125	191	30.9%	6.625%	$5,130
Nevada	124	183	24.2%	6.500%	$5,470
New Jersey	118	223	42.4%	6.500%	$6,010
Iowa	97	151	34.5%	—	—
Nebraska	91	133	31.3%	—	—
Alaska	86	132	31.3%	—	—
West Virginia	84	126	31.9%	6.625%	$4,030
Maine	83	121	31.3%	6.875%	$3,940
Montana	82	121	30.1%	6.625%	$5,160
Connecticut	80	124	28.3%	6.500%	$5,930
New Hampshire	60	83	25.0%	6.750%	$4,000
Idaho	58	98	32.4%	—	—
Utah	58	89	34.3%	—	$3,880
Delaware	41	69	40.0%	—	—
North Dakota	41	54	23.5%	—	—
Wyoming	35	57	33.3%	—	—
South Dakota	34	57	29.2%	—	—
Vermont	34	55	34.1%	—	—
Rhode Island	26	41	38.7%	—	—
Hawaii	20	37	45.7%	—	—
District of Columbia	10	25	60.0%	—	—

*Conventional home-purchase loans, medians with at least 20 loans. Linked state names open USAA Federal Savings Bank's page for that state.

Counties where USAA Federal Savings Bank is a top lender

County	Rank	Loans	Market share
Campbell County, SD	4	1	20.0%
Harding County, SD	5	1	14.3%
Jewell County, KS	7	1	10.0%
McCone County, MT	9	1	10.0%
Powder River County, MT	6	1	10.0%
Smith County, KS	11	1	8.3%
Burke County, ND	9	1	8.3%
Divide County, ND	9	1	8.3%
Faulk County, SD	8	1	8.3%
Graham County, KS	10	1	7.7%
Schleicher County, TX	11	1	7.7%
Sitka City and Borough, AK	7	3	7.1%
Jeff Davis County, TX	10	1	7.1%
Jim Hogg County, TX	11	1	7.1%
Frontier County, NE	13	1	6.3%

Check USAA Federal Savings Bank yourself

FFIEC HMDA Data Browser — the official 2025 records filed under LEI C5654JQHZUHN0772B561.
NMLS Consumer Access — confirm the company and loan officer are licensed in your state.
CFPB Consumer Complaint Database — search complaints by company name.
Compare your Loan Estimate from USAA Federal Savings Bank with similar 2025 loans.

This is a statistical profile, not a review or recommendation. HMDA data alone cannot show whether a lender complies with fair-lending laws, and a lender's medians depend on the borrowers it serves.

Lenders of similar size

Source: FFIEC/CFPB HMDA 2025 public LAR and filer list. Core segment: owner-occupied, single-family site-built, first-lien, closed-end purchase and refinance loans. Methodology