Sierra Central Credit Union Mortgage Rates, Fees & Info

Yuba City, CA

LEI: 254900URXOKFMBYQ0V69

Tax ID: 94-1484851

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Sierra Central Credit Union is a smaller credit union specializing in Refi loans. Sierra Central Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Yuba City, Redding, Chico, Sacramento, and Truckee among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Sierra Central Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Sierra Central Credit Union is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 3.16% 11/22/24
    30 Year Conventional Refi 6.64% 11/22/24
    15 Year Conventional Purchase 5.62% 11/22/24
    15 Year Conventional Refi 7.35% 11/22/24
    15 Year Cash-out Refi 7.35% 11/22/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Sierra Central Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Sierra Central Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    460

    Origination Dollar Volume (All Markets)

    $75,570,000
    Show all (5) awards

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    YUBA CITY, CA (FHA|USDA|VA) 114 $19,250,000 $168,860 $2,899 3.19%
    REDDING, CA (FHA|USDA|VA) 106 $15,610,000 $147,264 $2,987 3.19%
    CHICO, CA (FHA|USDA|VA) 70 $12,170,000 $173,857 $2,847 3.28%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 52 $8,390,000 $161,346 $2,753 3.50%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 43 $7,675,000 $178,488 $3,023 3.32%
    Red Bluff, CA (FHA|USDA|VA) 34 $4,720,000 $138,824 $3,080 3.23%
    Outside of Metro Areas 20 $3,830,000 $191,500 $3,959 2.98%
    Susanville, CA (FHA|USDA|VA) 17 $2,815,000 $165,588 $3,647 2.84%
    FRESNO, CA (FHA|USDA|VA) 1 $545,000 $545,000 $4,228 2.75%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $305,000 $305,000 $3,056 3.88%
    STOCKTON, CA (FHA|USDA|VA) 1 $155,000 $155,000 $2,290 4.75%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.00%
    Sierra Central Credit Union's top markets include Yuba City, Redding, Chico, Sacramento, and Truckee among others.

    Their top states include:
  • California (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Sierra Central Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    El Dorado Savings Bank, F.S.B.
    Similarity Rank: 816
    HERITAGE COMMUNITY CREDIT UNION
    Similarity Rank: 1134
    LOANFLIGHT LENDING, LLC
    Similarity Rank: 1560
    VICTORIA FINANCIAL CORP.
    Similarity Rank: 2112
    WINNPOINTE CORPORATION
    Similarity Rank: 2272
    FISHER FINANCIAL GROUP, INCORPORATED
    Similarity Rank: 2542
    LOANSNAP, INC.
    Similarity Rank: 2679
    Kwik Mortgage Corporation
    Similarity Rank: 2714
    Provident Credit Union
    Similarity Rank: 2720
    San Mateo Credit Union
    Similarity Rank: 2737

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 419 $73,095,000 $174,451 $3,004 3.15%
    HELOC 41 $2,475,000 $60,366 n/a 4.20%

    For 2021, Sierra Central Credit Union's most frequently originated type of loan was Conventional, with 419 originations. Their 2nd most popular type was HELOC, with 41 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 414 $64,580,000 $155,990 $2,904 3.23%
    Home Purchase 46 $10,990,000 $238,913 $3,946 3.36%

    For 2021, Sierra Central Credit Union's most frequently cited loan purpose was Refi, with 414 originations. The 2nd most popular reason was Home Purchase, with 46 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 200 $46,420,000 $232,100 $3,788 3.08%
    15 Year 147 $18,935,000 $128,810 $2,352 3.20%
    Other 45 $2,815,000 $62,556 $817 4.26%
    20 Year 34 $6,300,000 $185,294 $3,787 2.85%
    10 Year 20 $780,000 $39,000 $602 3.51%
    5 Year 14 $320,000 $22,857 $90 3.21%

    For 2021, Sierra Central Credit Union's most frequently cited loan duration was 30 Year, with 200 originations. The 2nd most popular length was 15 Year, with 147 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 289 $43,355,000 $150,017
    $1k-2k 61 $12,455,000 $204,180
    $2k-3k 23 $4,485,000 $195,000
    $3k-4k 17 $3,675,000 $216,176
    $4k-5k 15 $4,315,000 $287,667
    $5k+ 14 $4,810,000 $343,571

    Sierra Central Credit Union's average total fees were $3,788, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 289 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 167 $34,365,000 $205,778
    3-4% 134 $21,670,000 $161,716
    4-5% 78 $4,890,000 $62,692
    <2.5% 75 $14,255,000 $190,067
    5-6% 4 $250,000 $62,500

    During 2021, Sierra Central Credit Union's average interest rate for loans was 3.08%, while their most frequently originated rate bucket for loans was 2.5-3%, with 167 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 157 $7,625,000 $48,567 $1,338 3.70%
    $100k-200k 144 $21,090,000 $146,458 $3,121 3.06%
    $200k-400k 141 $37,855,000 $268,475 $4,122 2.95%
    $400k-600k 17 $8,395,000 $493,824 $4,337 2.88%
    $600k-1MM 1 $605,000 $605,000 $2,452 3.25%

    2021 saw Sierra Central Credit Union place emphasis on $100,000 or less loans with 157 originations, totaling $7,625,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 139 $25,165,000 $181,043 $3,204 3.35%
    $50k-75k 103 $14,945,000 $145,097 $3,051 3.10%
    $75k-100k 77 $11,665,000 $151,494 $2,870 3.24%
    $150k-250k 69 $13,565,000 $196,594 $2,780 3.37%
    $50k or less 61 $7,605,000 $124,672 $2,844 3.04%
    $250k+ 11 $2,625,000 $238,636 $3,410 3.33%

    Sierra Central Credit Union lent most frequently to those with incomes in the $100k-150k range, with 139 originations. The second most popular income band? $50k-75k, with 103 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 127 $20,685,000 $162,874 $3,044 3.18%
    30-36% 95 $15,825,000 $166,579 $2,907 3.42%
    <20% 55 $8,465,000 $153,909 $3,309 3.06%
    38% 22 $3,840,000 $174,545 $3,075 3.30%
    42% 18 $3,270,000 $181,667 $2,912 3.15%
    36% 17 $2,855,000 $167,941 $2,776 3.35%
    37% 17 $3,045,000 $179,118 $3,062 3.07%
    39% 15 $3,065,000 $204,333 $3,411 3.17%
    47% 15 $3,205,000 $213,667 $3,379 2.79%
    44% 14 $1,560,000 $111,429 $1,906 3.37%
    46% 11 $1,345,000 $122,273 $2,454 3.49%
    40% 11 $1,615,000 $146,818 $3,385 3.43%
    49% 9 $1,785,000 $198,333 $3,224 3.00%
    41% 9 $1,215,000 $135,000 $1,918 3.75%
    45% 9 $1,455,000 $161,667 $2,743 3.51%
    43% 8 $1,270,000 $158,750 $3,844 3.33%
    48% 5 $735,000 $147,000 $2,586 2.93%
    50-60% 3 $335,000 $111,667 $3,327 2.96%

    Sierra Central Credit Union lent most frequently to those with DTI ratios of 20-30%, with 127 originations. The next most common DTI ratio? 30-36%, with 95 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 406 $65,930,000 $162,389 $2,938 3.23%
    Asian 16 $3,690,000 $230,625 $3,251 3.09%
    Not provided 19 $3,355,000 $176,579 $3,710 3.43%
    American Indian 16 $2,310,000 $144,375 $3,686 3.33%
    Native Hawaiian or Islander 2 $230,000 $115,000 $3,719 2.56%
    Black 1 $55,000 $55,000 $1,225 4.50%

    Approval Rates

    Total approvals of all applications
    88.71%

    Sierra Central Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.43%

    Sierra Central Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 460 $75,570,000 $164,283

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    460 $75,570,000 $164,283

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 81 $10,865,000 $134,136 $2,690 2.95%
    40-60% 89 $18,565,000 $208,596 $3,327 2.77%
    60-80% 123 $30,615,000 $248,902 $4,204 3.13%
    80-100% 35 $9,415,000 $269,000 $4,430 3.17%
    Under 20% 132 $6,110,000 $46,288 $926 3.86%