Sce Federal Credit Union Mortgage Rates, Fees & Info
Irwindale, CALEI: 5493001FMENBK31GGQ69
Tax ID: 95-1766772
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Sce Federal Credit Union is a smaller credit union specializing in Refi and Home Purchase loans. Sce Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Riverside, Las Vegas, College Station, and San Diego among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Sce Federal Credit Union has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
110Origination Dollar Volume (All Markets)
$32,670,000Top 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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 57 | $19,295,000 | $338,509 | $0 | 0.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 34 | $10,530,000 | $309,706 | $0 | 0.00% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 9 | $1,045,000 | $116,111 | $0 | 0.00% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $0 | 0.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 3 | $275,000 | $91,667 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $140,000 | $70,000 | $0 | 0.00% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 110 | $32,670,000 | $297,000 | $0 | 0.00% |
For 2023, Sce Federal Credit Union's most frequently originated type of loan was Conventional, with 110 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Improvement | 74 | $6,490,000 | $87,703 | $0 | 0.00% |
| Refi | 26 | $18,230,000 | $701,154 | $0 | 0.00% |
| Home Purchase | 10 | $7,950,000 | $795,000 | $0 | 0.00% |
For 2023, Sce Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 74 originations. The 2nd most popular reason was Refi, with 26 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 110 | $32,670,000 | $297,000 | $0 | 0.00% |
For 2023, Sce Federal Credit Union's most frequently cited loan duration was Other, with 110 originations.
Loan Sizing
2023 saw Sce Federal Credit Union place emphasis on $100,000 or less loans with 56 originations, totaling $3,230,000 in origination value.
Applicant Income
Sce Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 32 originations. The second most popular income band? $150k-250k, with 23 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 110 | $32,670,000 | $297,000 | $0 | 0.00% |
Sce Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 110 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.06%
Sce Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination78.18%
Sce Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 110 | $32,670,000 | $297,000 |